| The Reserve Bank of India has announced the auction of the 42-days Government of India Cash Management Bills for a notified amount of ` 10,000 crore on November 10, 2014. The auction will be conducted on November 10, 2014 (Monday) using “Multiple Price Auction” method. The Cash Management Bills will be repaid at par on December 23, 2014. 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 on Monday, November 10, 2014. Result will be announced on the same day. Payments by successful bidders will be on November 11, 2014.
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. Ajit Prasad Press Release : 2014-2015/940 |
RBI Announces 42 days Cash Management Bill
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