Page 53 - Banking Finance December 2019

RBI CIRCULAR

Auction of State Development Loans: Facility in the Auction of State Development Loans is
given in Annex.
Non-Competitive Bidding Facility to
Retail Investors (T K Rajan)
Chief General Manager
RBI/2019-20/92
November 07, 2019 Alteration in the name of "The Catholic

Syrian Bank Limited" to "CSB Bank
1. Please refer to our circular IDMD.No. 954/08.03.001/
2009-10 dated August 24, 2009, whereby the facility Limited" in the Second Schedule to the
of non-competitive bidding in State Development Loans Reserve Bank of India Act, 1934
(SDLs) was allowed to retail investors.
RBI/2019-20/84
2. As part of the overall strategy of diversifying the
investor base for SDLs, Reserve Bank of India has been October 17, 2019
taking various measures to encourage participation of
retail investors in SDL market including introduction of We advise that the name of "The Catholic Syrian Bank
non-competitive bidding in primary auctions. In Limited" has been changed to "CSB Bank Limited" in the
continuation of this endeavour, RBI had announced in Second Schedule to the Reserve Bank of India Act, 1934 with
effect from June 10, 2019 by Notification
the Statement on Developmental and Regulatory
DBR.PSBD.No.503/16.01.160/2019-20 dated July 17, 2019
Policies released with the Second Bi-monthly Monetary
published in the Weekly Gazette (Part III-Section 4).
Policy Statement 2019-20, on June 06, 2019, that
Specified Stock Exchanges will be permitted to act as (S M Parida)
Aggregators/ Facilitators to aggregate the bids of their
General Manager
stockbrokers/ other retail participants and submit a
single consolidated bid under the non-competitive
Banking Promotional Exam sample questions - Series 17
segment of the primary auctions of State Development
Loans (SDLs). In line with this announcement and as per 1. A. 30 September 14. D. Foreign Secretary
the provisions on non-competitive bidding included in 2. B. September 29 of India
the General Notification of States on ‘Issue of State 3. A. The Journey to 15. A. V Ganesan
Government Securities’, it has been decided that, in Age Equality 16. B. October 1
addition to scheduled banks and primary dealers, 4. E. Rs 35,000 crore 17. B. October 1
a. Specified stock exchanges will be permitted to act 5. C. SBI 18. C. October 2
as Aggregators/ Facilitators. 6. D. Dr. K. Siva 19. B. Customer
Reddy complaint
b. These stock exchanges will submit a single
7. C. Thanu registration and
consolidated non-competitive bid in the auction
Padmanabhan redressal
process and will put in place necessary processes
8. D. Sandeep Shastri 20. E. Noida
to transfer the securities so allotted in the primary
auction to their members/ clients. 9. C. Uganda 21. A. March 31, 2020
10. E. Paytm 22. A. 10:00 am to 4:00
c. Stock exchanges, desirous of acting as
11. B. Kaushal pm
Aggregators/ Facilitators, may approach CGM,
Dharmamer 23. B. Axis Bank
IDMD, Reserve Bank of India, with a copy of the 24. D. Jai Bhagwan
No Objection Certificate (NOC) from SEBI, for 12. B. Tennis
13. B. Thailand Bhoria
necessary approvals.
25. E. Washington DC
3. The updated Scheme for Non-Competitive Bidding

BANKING FINANCE | DECEMBER | 2019 | 53