Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Latest Circulars »
Open DEMAT Account in 24 hrs
 Auction of State Government Securities Feb 23, 2024
 RBI imposes monetary penalty on The Adinath Co-Operative Bank Limited, Dist. Surat, Gujarat
 The Relevance of SEACEN in a Turbulent World (Closing remarks by Michael Debabrata Patra, Deputy Governor, Reserve Bank of India - February 15, 2024 - at the 59th SEACEN Governors' Conference
  Business restrictions imposed on Paytm Payments Bank Limited vide Press Releases dated January 31 and February 16, 2024
 Extension of validity of Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) - HCBL Co-operative Bank Ltd., Lucknow (U.P.)
 Business restrictions imposed on Paytm Payments Bank Limited vide Press Releases dated January 31 and February 16, 2024
 Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District Extension of Period
 Reserve Bank of India (Government Securities Lending) Directions, 2023
 Building resilient brand India amidst global uncertainty (Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India - December 28, 2023 - at the 10th SBI Banking and Economic Conclave in Mumbai)
 Trade Credit for imports into India Submission of return on issuance of bank guarantees for Trade Credits on the Centralised Information Management System (CIMS)
 Minutes of the Monetary Policy Committee Meeting, December 6 to 8, 2023

RBI Announces OMO Purchase of Government of India Dated Securities
November, 14th 2013

As announced today, the Reserve Bank has decided to conduct Open Market Operations by purchasing the following government securities for an aggregate amount of Rs. 8,000 crore on November 18, 2013 (Monday) through multi-security auction using the multiple price method:

Sr. No

Security

Date of Maturity

1

7.17% GS 2015

June 14, 2015

2

7.59% GS 2016

April 12, 2016

3

7.83% GS 2018

April 11, 2018

4

8.20% GS 2025

September 24, 2025

The auction shall be conducted by the Financial Markets Department, Reserve Bank of India, Fort, Mumbai on November 18, 2013 (Monday).

Market participants may take note of the following:

There is an overall aggregate ceiling of Rs. 8,000 crore for all the securities in the basket put together. There is no security-wise notified amount.

RBI reserves the right to:

  • Decide on the quantum of purchase of individual securities.

  • Accept less than the aggregate amount of Rs. 8,000 crore.

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

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

The eligible participants should submit their offers 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 November 18, 2013 (Monday). Any physical offer should be submitted to Mumbai Office (Public Accounts Department) in the prescribed form obtainable from the Regional Director, Reserve Bank of India, Mumbai Office, Fort, Mumbai-400001 and/or RBI website (www.rbi.org.in)

The result of the auction will be announced on the same day and payment to successful offerers will be made during banking hours on November 19, 2013 (Tuesday). Successful offerers may note to make available the requisite amount of securities in their SGL account by 12 noon on November 19, 2013 (Tuesday).

Alpana Killawala
Principal Chief General Manager

Press Release : 2013-2014/989

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting