The Government of India (GoI) has announced the Sale (Re-issue) of (i) 3.96% Government Security, 2022 for a notified amount of Rs 3,000 crore (nominal) through price based auction, (ii) 5.15% Government Security, 2025 for a notified amount of Rs 12,000 crore (nominal) through price based auction, (iii) 5.85% Government Security, 2030 for a notified amount of Rs 12,000 crore (nominal) through price based auction, and (iv) GoI FRB 2033‟ for a notified amount of Rs 4,000 crore (nominal) through price based auction. GoI will have the option to retain additional subscription up to Rs 2,000 crore against each of the above securities. The auctions will be conducted by the Reserve Bank of India, on March 05, 2021 (Friday) using multiple price method. Up to 5% of the notified amount of the sale of the Securities will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.
Read more about Indian Economic Activity Gaining Steam, Corporate Sales Continue To Improve on Business Standard. Powered by Capital Market - Live News
Fino Payments Bank on Wednesday said it will be able to improve its business prospects further as the RBI has included it in the category of a scheduled commercial bank. The Reserve Bank on Tuesday said it has included Fino Payments Bank in the Second Schedule of the Reserve Bank of India Act, 1934. The scheduled commercial bank, also called scheduled bank, status allows Fino to enhance its banking position in the treasury and participation in liquidity adjustment facility (LAF) window as per the RBI. It also helps the bank strengthen its business proposition on liabilities generation, Fino said in a release.
Under its USD 7 billion Global Medium Term Note ProgrammeREC has priced US$ 500,000,000, 2.25
per cent Notes due 2026, on 22 February, 2021 under its USD 7 billion Global Medium Term
Note Programme (the Notes ). The Notes will mature on 01 September, 2026 and all principal
and interest payments will be made in U.S. Dollars. The settlement date for the Notes is
expected to be 01 March 2021.
The Notes represent direct, unconditional and unsecured obligations of the Issuer and will rank
pari passu among themselves and all other unsecured obligations of the Issuer. The Notes will be
listed on London Stock Exchange s International Securities Market (ISM), Singapore Exchange
Read more about According To RBI Policy Minutes Indicate Economic Recovery Normalizing, Core Inflation Elevated on Business Standard. According to the latest monetary policy minutes of the Reserve Bank Of India (RBI), the RBI Governor Shaktikanta Das noted that the high frequency indicators suggest that the economic recovery is normalising fast in both rural and urban areas. The