mumbai the reserve bank of india rbi on friday said it will maintain comfortable liquidity conditions and conduct market operations in the form of outright and special open market operationsit will conduct on tap targeted longterm repo operations tltro with tenors of up to three years for a total amount of up to rs one lakh crore at a floating rate linked to the policy repo ratethe scheme will be available up to march 31 next year with flexibility with regard to enhancement of the amount and period after a review of the response to the scheme said rbi governor shaktikanta dashe said liquidity availed by banks under the scheme has to be deployed in corporate bonds commercial papers and nonconvertible debentures issued by entities in specific sectors over and above the outstanding level of their investments in such instruments as on september 30the liquidity availed under the scheme can also be used to extend bank loans to these sectors moreover banks that had availed of funds earlier under tltro and tltro 20 will be given the option of reversing these transactions before maturitybesides the rbi will conduct special and outright bond purchases the size of these special outright open market operations omos will be increased to rs 20000 croreomos will be conducted impart liquidity to state development loans sdls and thereby facilitate efficient pricing as a special case during the current financial yeardas said this will improve secondary market activity and rationalise the spreads of sdls over central government securities of comparable maturitiesthis measure along with the extension of held to maturity htm till march 2022 should ease concerns about illiquidity and absorptive capacity for the total government borrowing in the current yearin addition the central bank will rationalise risk weights for all new housing loans by march 31 2022 the rbi will also extend the scheme for colending to all nonbanking finance companies and housing finance companiesthe rbi also decided to provide roundtheclock availability of real time gross settlement rtgs from decemberindia will be among very few countries globally with a 24 x 7 x 365 largevalue realtime payment system this will facilitate innovations in the large value payments ecosystem and promote ease of doing business he said