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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 (230 kb)
Date : Feb 15, 2019
Results of Underwriting Auctions Conducted on February 15, 2019

In the underwriting auctions conducted on February 15, 2019 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)
7.00% GS 2021 2,000 1008 992 2,000 0.16
8.24% GS 2027 2,000 1008 992 2,000 3.01
7.95% GS 2032 3,000 1512 1488 3,000 2.80
7.40% GS 2035 2,000 1008 992 2,000 5.47
7.72% GS 2055 3,000 1512 1488 3,000 5.69
Auction for the sale of securities will be held on February 15, 2019.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/1948


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