EXCLUSIVE: RBI tells SBI to bid aggressively at next switch auction; redemptions need to be brought down

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NEW DELHI: The Reserve Bank of India, in a recent interaction with the country’s biggest bank, State Bank of India, is said to have requested the PSU lender to purchase a large quantum of bonds set to be offered in the conversion programme on October 18, multiple sources told ETMarkets.com. On October 18, the government … Read more