BANK NEWS
RBI to auction govt securities worth Rs26,000cr on May 14
Centre also has the option to retain additional subscription up to Rs 6,000 crore against the three dated security or securities
Reserve Bank of India (AFP)
New Delhi: The Government has announced the sale (issue/re-issue) of three dated securities amounting to Rs 26,000cr. Further, the Centre also has the option to retain additional subscription up to Rs 6,000cr against the three dated security or securities.
The auctions will be conducted by the Reserve Bank of India (RBI), Mumbai Office, Fort, Mumbai on May 14, 2021 (Friday) using the multiple price method.
The Finance Ministry said that up to 5% of the notified amount of the sale of the Securities will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.
The result will be announced on the same day and payment by successful bidders will have to be made on May 17, 2021 (Monday).
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL