SC grants bail to chief Malegaon…

  New Delhi: The Supreme…

Traffic restored on UP's Meerut-…

  New Delhi: The railway…

President on a day's visit to Le…

  Leh: President Ram Nat…

Partly cloudy Monday morning in …

  New Delhi: It was a pa…

Sharad Yadav faction to approach…

  Patna: The Janata Dal-…

Rainy Saturday morning in Delhi

  New Delhi: It was a ra…

'Good decision' on AIADMK merger…

  Chennai: Talks on the …

Nitish Kumar-led JD-U faction jo…

  Patna: The JD-U factio…

Will Modi opt for early general …

  The synchronisation of…

Steel consumption up 3.7% in Jul…

  Kolkata: India's steel…

«
»
TwitterFacebookPinterestGoogle+

BSE receives SEBI “No Objection” to act as a “Facilitator” in non-competitive bidding in the auction of Government Securities and T-Bills

Facebooktwittergoogle_plusredditpinterestlinkedinmail

BSE, Asia’s first stock exchange and now world’s fastest exchange with the speed of 6 microseconds today got SEBI “No Objection” to act as a “Facilitator” in non-competitive bidding in the auction of Government Securities and T-Bills, through Exchange mechanism.

Hon’ble Finance Minister Shri Arun Jaitley had made an announcement in the Budget Speech on February 29, 2016 for greater retail participation in Government securities in the primary and secondary markets through Stock Exchanges. This facility will provide retail investors an avenue to participate in the Government Securities market.

The scheme of Non-Competitive Bidding (NCB) in Government securities was introduced by RBI in January 2002. Non-Competitive Bidding (NCB) is open to individuals, HUFs, Regional Rural Banks (RRBs), co-operative banks, firms, companies, corporate bodies, institutions, provident funds, and trusts. Under the scheme, eligible investors apply for a certain amount of securities in an auction without mentioning price/yield. However, Non-Competitive Bidding (NCB) has failed to attract the retail investors and the penetration of Government Securities continues to be low.

BSE had earlier received In-principle approval from RBI on January 6, 2017 to act as facilitators to retail investors including individuals for participating in Non-competitive Bidding Facility in the auction of Government Securities and T-Bills.

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA Image

*