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
- BPCL signs agreement with Noida International Airport
- Indian Bank Q4 results, net profit up by 6 percent on Quarter basis
- PSU Stocks tumbled amid RBI draft circular on lenders
- Paytm share price plunges 4% as president and COO Bhavesh Gupta resigns
- GAIL Global USA and Kinder Morgan Operating LLC signed MOU
- SJVN signs agreement with Tata Power RE for 460 MW Renewable Energy Project
- Keel Laying of the First Next Generation Offshore Patrol Vessel At Goa Shipyard Ltd
- REC Ltd received NOC to set up wholly owned subsidiary in Gift City, Gujarat
- Atanu Chakraborty Reappointed as part-time Chairman of HDFC Bank
- MRPL Q4 Results: Net profit slips 40%, Annual Gains Strong