RBI imposes Monetary Penalty on The Madanapalle Co-operative Town Bank Ltd. Madanapalle, Chittor District, Andhra Pradesh
November, 04th 2015
The Government of India has announced the sale (re-issue) of the Government Stock through auctions to be held on November 6, 2015.
As per revised scheme of underwriting, dated November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auctions, per Primary Dealer (PD), are as under:
(₹ in crore)
Nomenclature of the Security
MUC amount per PD
Minimum bidding commitment per PD under ACU auction
7.68% GS 2023
7.59% GS 2029
7.73% GS 2034
8.17% GS 2044
7.72% GS 2055
The underwriting auctions will be conducted using multiple price based auction method on November 5, 2015 (Thursday). PDs may submit their bids for ACU auctions electronically through Core Banking Solution (E- Kuber) System between 10.30 a.m. and 12.00 noon on the date of underwriting auction.
The underwriting commission will be credited to the current account of the respective PDs at the RBI, Fort, Mumbai on the date of issue of securities.