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Tuesday, Mar 15, 2005
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 Money & Banking - Govt Bonds


`On-tap' sale of State loans closed

Our Bureau

Mumbai , March 14

THE Reserve Bank of India has said that the `on-tap' sale of 7.20 per cent State development loan, 2017 in respect of both the States, viz., Maharashtra and Mizoram closed on Monday. The sale opened on Monday on behalf of these two States for an aggregate amount of around Rs 400 crore.

Against this, applications for an aggregate amount of Rs 433 crore were received and the full amount was being retained, said a release.

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