Today, the Reserve Bank conducted the second long term repo operation (LTRO) for a notified amount of ₹ 25,000 crore with a 1-year tenor in pursuance of the LTROs announced vide press release dated February 7, 2020. 2. The total bids that were received amounted to ₹ 1,23,154 crore, implying a bid to cover ratio (i.e., the amount of bids received relative to the notified amount) of 4.9. 3. Allotment was done for all bids on a pro-rata basis as given below: | Tenor | 1-year | | Date of Reversal | February 23, 2021 | | Notified Amount (in ₹ crore) | 25,000 | | No of bids received | 52 | | Total amount of bids received (in ₹ crore) | 1,23,154 | | Amount allotted (in ₹ crore) | 25,021 | | Pro-rata Allotment Percentage (%) | 20.30 | Ajit Prasad
Director Press Release: 2019-2020/1979 | |