Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 8 2013 2013 (8) This

RBI announces 35 days & 34 days Cash Management Bills

10-8-2013
  • Contents

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

Rs. 11,000 crore

2

August 13, 2013

August 14, 2013

September 17, 2013

Rs. 11,000 crore

 

 

 

Total

Rs. 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

Quick Updates:Latest Updates