The Reserve Bank of India announces the auction of a 77-Day and 84-Day Government of India Cash Management Bill as per the following details. | Auction Date | Settlement Date | Maturity date | Tenor
(in days) | Notified Amount | | March 31, 2020 | March 31, 2020
(T+0 settlement) | June 16, 2020 | 77 | ₹ 40,000 crore | | March 31, 2020 | March 31, 2020
(T+0 settlement) | June 23, 2020 | 84 | ₹ 40,000 crore | 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 10.00 a.m. and 11.00 a.m. 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. F.No.4(2)-W&M/2018 dated March 27, 2018 issued by the Government of India, as amended from time to time. Ajit Prasad
Director Press Release: 2019-2020/2135 | |