Page 54 - BANKING FINANCE SEPTEMBER 2015

RBI CIRCULAR

Mobile branch/Mobile ATMs/ call centres, closure, merger, shifting or The auction for securities will be price
conversion of any existing place of business including call centres to the based auction using multiple price
Regional Office concerned of DBS/ DBR CO. They may however, ensure that method. The Reserve Bank of India at
the reporting to DSIM continues. Mumbai will conduct the auctions. The
salient features of the auctions and
c) Further, the annual report of branches actually opened during the year, in the terms and conditions governing
terms of circular DBOD.No.BAPD.BC.60/22.01.001/2013-14 dated October the issue of the Stocks are given in the
21, 2013, may now be submitted in the revised format as given in the Annex. notifications (copies enclosed), which
should be read along with the General
All other instructions remain unchanged. Notification F. No. 4 (13)-W&M/2008,
dated October 8, 2008 issued by
Yours faithfully, Government of India.
(Lily Vadera)
Chief General Manager

Auction of Government of India Dated Securities 2. We wish to draw your attention, in
particular, to the following:
RBI/2015-16/150 (i) The Stocks will be issued for a mini-
Ref. No.IDMD/280/08.02.032/2015-16
August 10, 2015 mum amount of Rs.10,000/-
(nominal) and in multiples of Rs
10,000/- thereafter.

All Scheduled Commercial Banks (ii) In all the auctions, Government
All State Co-operative Banks/All Scheduled Primary Stock up to 5% of the notified
(Urban) Co-operative Banks /All Financial Institutions/ amount of sale will be allotted to
All Primary Dealers. the eligible individuals and institu-
tions under the Scheme for Non-
Dear Sir/Madam, competitive Bidding Facility in the
Government of India has offered to sell (re-issue) four dated securities for notified Auctions of Government Securi-
amount of Rs 14,000 crore as per the following details: ties. Each bank or PD on the basis
of firm orders received from their
Sr Security Notified GoI Notification Auction Settlement constituents will submit a single
No Date Date consolidated non-competitive bid
Amount on behalf of all its constituents in
1 7.68%GS electronic format on the Reserve
2023 (in Rs crore) Bank of India Core Banking Solu-
tion (E-Kuber) system. Allotment
2 7.72% GS 2,000 4(2)-W&M/2015 under the non-competitive seg-
2025 dated ment to the bank or PD will be at
August 10, 2015. the weighted average rate of
3 8.24% GS yield/price that will emerge in the
2033 6,000 4(2)-W&M/2015 auction on the basis of the com-
(i) dated petitive bidding.
4 8.13% GS August 10, 2015. August 14, August 17,
2045 (iii) Both competitive and non-com-
2015 2015 petitive bids for the auction should
Total be submitted in electronic format
3,000 4(2)-W&M/2015 (Friday) (Monday) on the Reserve Bank of India Core
(ii) dated
August 10, 2015.

3,000 4(2)-W&M/2015
(iii) dated
August 10, 2015.

14,000

54 | 2015 | SEPTEMBER | BANKING FINANCE

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