RBI to slap how much penal interest on banks if failed to invest TLTRO (targeted long-term repo operations) funds within 30 days?

1. 

RBI to slap how much penal interest on banks if failed to invest TLTRO (targeted long-term repo operations) funds within 30 days?
[A]. 200 bps
[B]. 100 bps
[C]. 300 bps
[D]. 150 bps

Answer: Option A

Explanation:

RBI to slap 200 bps penal interest on banks if failed to invest TLTRO (targeted long-term repo operations) funds within 30 days.

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