Source: RBI
1) RBI will be providing long term loan of three years to Small Finance Banks (SFBs) at repo rate so that the SFBs are able to lend this money further to small business units, micro and small industries, and other unorganised sector entities which are adversely affected during the current wave of the pandemic. The maximum loan that the SFB can give to a single borrower is Rs. 10 lakhs
2) SLTROs will be conducted on Core Banking Solution (E-KUBER) platform. The operations would be conducted at fixed repo rate. Bids below or above policy rate will be rejected.
c) The Reserve Bank reserves the right to decide the quantum of allotment and/or accept/reject any or all the requests, either wholly/partially, without assigning any reason thereof.
d) In case of over-subscription of the notified amount, the allotment will be done on pro-rata basis.
