RBI to auction state govt securities worth ₹14,000 cr on Aug 29. Key highlights2 min read . Updated: 25 Aug 2022, 08:21 PM IST
- Through the auction, the Andhra Pradesh government plans to raise ₹2,000 crore, while Bihar to raise ₹1,000 crore, Haryana to raise ₹1,500 crore, Kerala to raise ₹3,000 crore, Punjab to raise ₹2,500 crore, and Tamil Nadu government to raise ₹4,000 crore.
The Reserve Bank of India (RBI) will be auctioning state government securities aggregating to ₹14,000 crore on August 29. States like Andhra Pradesh, Bihar, Haryana, Kerala, Punjab, and Tamil Nadu will be offering stock through this auction. Both competitive and non-competitive bids for the auction are required to be submitted in electronic form via RBI's core banking solution (E-Kuber) system.
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