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Our Bureau

Mumbai , Feb 19

THE `on tap' sale of eight State development loans closed on Thursday on receipt of the targeted amounts.

The 5.85-per cent State development loans of 2015 maturity of Bihar, Karnataka, Kerala, Maharashtra, Punjab, Rajasthan and Tamil Nadu have closed, said a press release from the Reserve Bank of India.

The `on tap' sale in respect of the nine States namely, Arunachal Pradesh, Madhya Pradesh, Manipur, Mizoram, Nagaland, Orissa, Tripura, Uttar Pradesh and West Bengal will be kept open on February 20 to collect the balance target amount.

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