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

(207 kb)

Date : Jan 22, 2019

Conversion of Government of India (GoI)’s Securities

The Reserve Bank of India, in consultation with the Government of India, has converted a security maturing in 2019-20, having a total face value of ₹1,086 crore, to longer tenor securities maturing in 2027-28. The transaction was conducted on January 21, 2019, with a scheduled commercial bank.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/1714

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