 "RBI")
The Reserve Bank of India will now get 45 days to deploy money drawn under Targeted Long term Repo Operations 2.0 (TLTRO 2.0) as against the previous limit of 30 days.
The extension has been granted based on the feedback received from banks and taking into account the disruptions caused by Covid-19, RBI said in a statement.
Funds that are not deployed within this extended time frame will be charged interest at the prevailing policy repo rate plus 200 bps for the number of days they remain un-deployed. The incremental interest liability will have to be paid along with regular
