BANK NEWS
RBI to conduct 3rd tranche of bond buying worth Rs 40,000 crore under GSAP 1.0 on June 17
The result of the auctions will be announced on the same day and successful participants should ensure the availability of securities in their SGL account by 12 noon on June 18
New Delhi: The Reserve Bank of India (RBI) is set to conduct the third tranche of open market purchase of government securities of Rs40,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on June 17, 2021.
From the total, the state development loans (SDLs) would be purchased up to Rs 10,000 crore
Accordingly, RBI will purchase government securities and state development loans (SDLs) through a multi-security auction using the multiple price method.
The result of the auctions will be announced on the same day and successful participants should ensure the availability of securities in their SGL account by 12 noon on June 18, 2021.
In April 2021 monetary policy, RBI had announced to conduct the open market purchase of government securities of Rs1 lakh crore under G-SAP 1.0 in the first quarter of FY22 to enable a stable and orderly evolution of the yield curve.
Read Also : NMDC's Promising Start to FY25, Targets 50 Million Tonnes
News Must Read
- NMDC's Promising Start to FY25, Targets 50 Million Tonnes
- RITES to take assessment for Vande Bharat Trains
- RBI cancels Certificate of Registration of Acemoney (India) Limited due to irregular lending practices
- Coal India Production rises by 7 percent in April
- WAPCOS became second Indian PSU in ADB Consulting
- Power Grid appoints Satyaprakash Dash as CS and Compliance Officer
- GE Power received orders from two state-owned PSUs and one JV entity
- SAIL-RITES JV bags Rs 818 crore wagon order from Indian Railways
- BHEL enters into Strategic Partnership Agreement with HIMA for Railway Signalling Business
- SJVN bids farewell to Smt. Geeta Kapur, CMD and Director (Personnel)