The Reserve Bank of India announced the auction of the 35 days & 34 days Government of India Cash Management Bills as per the following details:
|
Auction Date |
Settlement/Issue Date |
Date of Maturity |
Notified Amount |
|
|
1 |
August 12, 2013 |
August 13, 2013 |
September 17, 2013 |
` 11,000 crore |
|
2 |
August 13, 2013 |
August 14, 2013 |
September 17, 2013 |
` 11,000 crore |
|
Total |
` 22,000 crore |
The auctions will be conducted using “Multiple Price Auction” method. The competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) between 10.30 a.m. and 12.00 noon. Result of the auctions will be announced on the same day.
The Cash Management Bills will have the generic character of Treasury Bills and their sale will be subject to the terms and conditions specified in the General Notification No. F.2 (12)-W&M/97 dated March 31, 1998 issued by Government of India and as amended from time to time.
Alpana Killawala
Principal Chief General Manager
Press Release : 2013-2014/293
