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BANKER AND DEBT MANAGER TO GOVERNMENT

Managing the government's banking transactions is a key RBI role. Like individuals, businesses and banks, governments need a banker to carry out their financial transactions in an efficient and effective manner, including the raising of resources from the public.

Press Release


PDF document (161 kb)
Date : May 17, 2018
Results of Underwriting Auctions Conducted on May 17, 2018

In the underwriting auctions conducted on May 17, 2018 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

(₹ crore)
Nomenclature of the Security Notified Amount Minimum Underwriting Commitment (MUC) Amount Additional Competitive Underwriting Amount Accepted Total Amount underwritten ACU Commission Cut-off rate
(paise per ₹ 100)
6.65% GS 2020 1,000 504 496 1,000 5.42
7.59% GS 2026 3,000 1512 1488 3,000 8.42
GOI FRB 2031 4,000 2016 1984 4,000 33.00
6.57% GS 2033 1,000 504 496 1,000 13.00
6.62% GS 2051 3,000 1512 1488 3,000 13.14
Auction for the sale of securities will be held on May 18, 2018.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/3022


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