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Money & Banking - Govt Bonds


RBI `on-tap' sale closed for 19 states

Our Bureau

Mumbai , Dec. 8

THE Reserve Bank of India on Wednesday said the Rs 4,000-crore `on-tap' sale of 7.32 per cent 10-year State Development Loan, 2014, closed in nineteen States.

The States, which received target amounts on Wednesday, are Andhra Pradesh, Arunachal Pradesh, Assam, Chhattisgarh, Goa, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Mizoram, Nagaland, Rajasthan, Sikkim, Tripura, Uttaranchal and West Bengal.

In respect of loans for the remaining four States, Bihar, Jammu & Kashmir, Orissa and Uttar Pradesh, the sale will be open on Thursday to collect the balance target amount.

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