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BANKER AND DEBT MANAGER TO GOVERNMENT

Managing the government's banking transactions is a key RBI role. Like individuals, businesses and banks, governments need a banker to carry out their financial transactions in an efficient and effective manner, including the raising of resources from the public.

Press Release


PDF document (244 kb)
Date : Nov 14, 2024
Results of Underwriting Auctions Conducted on November 14, 2024

In the underwriting auctions conducted on November 14, 2024, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

(₹ crore)
Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate
(paise per ₹100)
7.04% GS 2029 14,000 7,014 6,986 14,000 0.04
New GS 2039 13,000 6,510 6,490 13,000 0.08
7.09% GS 2054 10,000 5,019 4,981 10,000 0.10
Auction for the sale of securities will be held on November 14, 2024.

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2024-2025/1500


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