| Today, the Reserve Bank conducted the third long term repo operation (LTRO) for a notified amount of ₹25,000 crore with a 3-year tenor in pursuance of the LTROs announced vide press release dated February 25, 2020. 2. The total bids that were received amounted to ₹1,71,965 crore, implying a bid to cover ratio (i.e., the amount of bids received relative to the notified amount) of 6.9. 3. Allotment was done for all bids on a pro-rata basis as given below: | Tenor | 3-year | | Date of Reversal | March 1, 2023 | | Notified Amount (in ₹ crore) | 25,000 | | No of bids received | 66 | | Total amount of bids received (in ₹ crore) | 1,71,965 | | Amount allotted (in ₹ crore) | 25,028 | | Pro-rata Allotment Percentage (%) | 14.54 | Ajit Prasad
Director Press Release : 2019-2020/2011 | |