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RBI’s On-Tap TLTRO Unlikely To Boost Lending, Say Bankers
Lending this financial year is unlikely to improve, even with RBI’s new liquidity window
13 Oct 2020, 02:41 PM IST
The Reserve Bank of India’s plan to offer more long-term funds to banks via its on-tap targeted long-term repo operations is unlikely to boost lending due to lack of demand and nervousness around credit quality, said bankers. This, despite tweaks made to the scheme which widen the use of funds raised via the new TLTRO facility.Last week, the RBI said that it would offer Rs 1 lakh crore in funds under the on-tap TLTRO. “Liquidity avai...
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