RBI to buy back G-Secs worth Rs 40,ooo crore
India Business News: BENGALURU: RBI will buy back Rs 40,000 crore ($4.
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India Business News: BENGALURU: RBI will buy back Rs 40,000 crore ($4.
LIC largest holder of G-secs, equities, household savings: Report : Rashtra News #LIC #largest #holder #Gsecs #equities #household #savings #Report The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities, the largest fund manger
Government securities, often referred to as G-secs, are debt instruments issued by both central and state governments to raise funds from the public
"Following the advisory committee's favourable recommendation, the process now goes to the relevant global index body," one of the people said. "Their product teams are working out modalities of facilitating inclusion by September or October."
FD interest rates in India have been on an upswing for investors since RBI began hiking the repo rate in May 2022.