Issue of PSLCs is good for banks: Moody's
The Dollar Buiness Bureau The release of Reserve Bank’s guidelines for priority sector lending certificates (PSLCs) is credit positive for banks that are not having expertise in making priority sector loans, said global rating agency Moody’s. “This allows them to focus on their strengths and purchase credits from banks with expertise in making such loans, instead of diverting their own resources toward meeting priority sector lending targets,” it said. While releasing the instructions on trading in PSLCs, S S Mundra, Deputy Governor of RBI also launched a platform to enable trading in the certificates through its Core Banking Solution portal (e-Kuber). All Scheduled Commercial Banks including Regional Rural Banks, Urban Co-operative Banks, Small Finance Banks and Local Area Banks are eligible to ...
Auction for Sale (Re-issue) of 8.17% Government Stock 2044-sl244
Dated 23rd November, 2015 | Copy of | Notification No. sl244 | Government of India hereby notifies sale (re-issue) of ‘8.17 per cent Government Stock 2044’ (hereinafter called ‘the Stock’) for an aggregate amount of ` 2,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F.No.4(13)-W&M/2008, dated October 8, 2008 issued by Government of India. Method of Issue 2. The Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai- 400 001 in the manner as prescribed in paragraph 5.1 of the General Notification F.No.4(13)-W&M/2008, dated October 8, 2008 by a price based auction using ...
Auction for Sale (Re-issue) of 7.73% Government Stock 2034-sl243
Dated 23rd November, 2015 | Copy of | Notification No. sl243 | Government of India hereby notifies sale (re-issue) of ‘7.73 per cent Government Stock 2034’ (hereinafter called ‘the Stock’) for an aggregate amount of ` 3,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F.No.4(13)-W&M/2008, dated October 8, 2008 issued by Government of India. Method of Issue 2. The Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai-400 001 in the manner as prescribed in paragraph 5.1 of the General Notification F.No.4(13)–W&M/2008, dated October 8, 2008 by a price based auction using multiple ...
Auction for Sale (Re issue) of 7.59% Government Stock 2029-sl228
Dated 2nd November, 2015 | Copy of | Notification No. sl228 | Government of India hereby notifies sale (re-issue) of 7.59 percent Government Stock 2029 for an aggregate amount of 7,000 crore (nominal). The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’) as also the terms and conditions specified in the General Notification F.No.4(13)–W&M/2008, dated October 8, 2008 issued by Government of India. Method of Issue 2. The Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai- 400 001 in the manner as prescribed in paragraph 5.1 of the General Notification F.No.4(13)–W&M/2008, dated October 8, 2008 by a price based auction using multiple price auction method. Allotment to ...
