The Reserve Bank of India has announced the auction of four dated securities worth Rs 15,000 crore on June 26, 2015 through price based auction. The result of the auctions will be announced on June 26, 2015. “Auction for the new security will be on yield based auction format whereas other securities will be offered through price based auction,” the apex bank said. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on June 19, 2015. The non-competitive bids should be submitted between 10.30 AM and 11.30 AM and the competitive bids should be submitted between 10.30 AM and 12.00 NOON. The new 30 year stock will be reckoned as an eligible investment in Government Security by banks for SLR purpose.
Submitted June 23, 2015 at 02:25AM by capitalways http://ift.tt/1H9RpRX
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