The Reserve Bank of India (RBI) on March 03, 2023, issued a notification regarding the change of date of reversal for operations under LTRO and TLTRO due to holidays.
The Reserve Bank conducted a Long Term Repo Operation (LTRO) on March 09, 2020, and a Targeted Long Term Repo Operation (TLTRO) on April 09, 2020. The dates of reversal of these operations are March 07, 2023, and April 07, 2023, respectively.
As the Government of Maharashtra has declared March 07, 2023 (Holi) and April 07, 2023 (Good Friday) as public holidays under Section 25 of the Negotiable Instruments Act, 1881, the dates of reversal of above mentioned LTRO and TLTRO have been modified as March 08, 2023 (Wednesday) and April 10, 2023 (Monday) 2023 respectively.
[Notification No. 2022-2023/1825]
