sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Latest Circulars »
 RBI releases Draft Directions on requirement of Legal Entity Identifier Code for participation in non-derivative markets
 Liberalised Remittance Scheme – Harmonisation of Data and Definitions
  RBI - Auction of Government o India Dated Securities
  Investment by Foreign Portfolio Investors (FPI) in Debt - Review
 CPE Events 18th May - 23th June 2018
 Basel III Framework on Liquidity Standards - Liquidity Coverage Ratio (LCR), Liquidity Risk Monitoring Tools and LCR Disclosure Standards
  Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks – Spreading of MTM losses and creation of Investment Fluctuation Reserve (IFR)
 Change in name of “The Mahanagar Co-operative Bank Limited, Mumbai” to “GS Mahanagar Co-operative Bank Limited, Mumbai” in the Second Schedule to the Reserve Bank of India Act, 1934
 Section 23 of the Banking Regulation Act, 1949 – Branch Authorisation Policy – Left Wing Extremism affected districts – Revised List
 Sources of Variation in Foreign Exchange Reserves in India during 2017-18
 Developments in India’s Balance of Payments during the Fourth Quarter (January-March) of 2017-18

RBI announces OMO Sale of Government of India Dated Securities
September, 02nd 2017

Based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct sale of Government securities under Open Market Operations for an aggregate amount of 100 billion on September 14, 2017 (Thursday) through multi-security auction using the multiple price method. The securities offered for sale are as below:

Sr. No Security Date of Maturity
1 8.19% GS 2020 January 16, 2020
2 8.13% GS 2022 September 21, 2022
3 7.35% GS 2024 June 22, 2024
4 8.15% GS 2026 November 24, 2026
5 8.97% GS 2030 December 05, 2030

There is an overall aggregate ceiling of 100 billion for all the securities in the basket put together. There is no security-wise notified amount.

Reserve Bank reserves the right to:

  • Decide on the quantum of sale of individual securities.

  • Accept bids for less than the aggregate amount of 100 billion.

  • Sell marginally higher than the aggregate amount due to rounding effects.

  • Accept or reject any or all of the bids either wholly or partially without assigning any reason.

The eligible participants should submit their bids in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on September 14, 2017 (Thursday). Only in the event of system failure physical bids would be accepted. Such physical bids should be submitted to Financial Markets Operations Department (Please click here to send email; Phone no: 022-22630982) in the prescribed form available on RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before 12.00 noon.

The result of the auction will be announced on the same day and successful bidders will be required to make payment to Reserve Bank by forenoon on September 15, 2017 (Friday).

Anirudha D. Jadhav 
Assistant Manager

Press Release : 2017-2018/615

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multimedia Presentations Multimedia Solutions 3D Solutions Corporate Presentations Business Presentations Multimedia Presentation India M

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions