Reserve Bank of India RBI today announced the auction of 15-days Government of India Cash Management Bill as per the following details. According to RBI release, the auction will be conducted using “Multiple Price Auction” method. The competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) between 10.30 a.m. and 12.00 noon. The result of the auction will be announced on the same day.
Cash Management Bills will have the generic character of Treasury Bills and their sale will be subject to the terms and conditions specified in the General Notification No. F4(8)-W&M/2015 dated May 26, 2016 issued by the Government of India, as amended from time to time.
|Auction Date||Settlement/Issue Date||Maturity Date||Notified Amount|
|April 25, 2017||April 26, 2017||May 11, 2017||₹ 20,000 crore|