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RBI is set to conduct a special long-term repo operation (SLTRO) of Rs 10,000 crore for which type of banks?
A)
Payment Banks
B)
Small Finance Banks
C)
Cooperative Banks
D)
Regional Rural Banks

Correct Answer : Option (B) - Small Finance Banks


The Reserve Bank is to conduct the first auction for special long-term repo operations (SLTRO) of Rs 10,000 crore for Small Finance Banks (SFBs), at the repo rate, one auction each month.
This will provide fresh lending of up to Rs 10 lakh per borrower and will support small business units, micro and small industries, and other unorganised sector entities. The facility will be available till October 31, 2021.

Published On : May 11, 2021
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