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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 (162 kb)
Date : May 11, 2017
Results of Underwriting Auctions Conducted on May 11, 2017

In the underwriting auctions conducted on May 11, 2017 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:

(₹ cr)
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)
GOI FRB 2024 3000 1512 1488 3000 0.27
NI GS maturing on May 15, 2027 8000 4011 3989 8000 0.14
7.73% GS 2034 2000 1008 992 2000 1.33
7.06% GS 2046 2000 1008 992 2000 1.33
Auction for the sale of securities will be held on May 12, 2017

Ajit Prasad
Assistant Adviser

Press Release : 2016-2017/3040

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