RBI to auction state government stocks worth Rs 5,900 crore on September 6

RBI to auction state government stocks worth Rs 5,900 crore on September 6

Six states, including Andhra Pradesh, Assam, Bihar, Goa, Punjab, Telangana, have offered to sell stock by way of auction, for an aggregate amount of Rs 5,900 crore, the RBI said in a release on Friday. The auction will be conducted on the RBI Core Banking Solution (E-Kuber) system on September 6. “Both competitive and non-competitive … Read more

RBI offers a dedicated window for bond houses

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The Reserve Bank of India offered a dedicated window for bond houses, known as primary dealers (PDs), through which they can exchange illiquid securities acquired through the Retail Direct platform with liquid papers. The move should encourage them to participate in the first ever platform for individuals, who are willing to invest in sovereign bonds … Read more