Our Special Correspondent
Published 22.04.20, 11:15 PM
Banks appetite for bonds of non-banking finance companies (NBFCs) will be seen on Thursday as the RBI will open a new borrowing window called the targeted long-term repo operations (TLTRO 2.0).
The first auction under TLTRO 2.0 will be for an amount of Rs 25,000 crore.
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Banks can mobilise funds at the policy repo rate for tenors up to three years.
The funds have to be deployed in investment grade bonds, commercial paper and non-convertible debentures of NBFCs.