Latest news with #CoreBankingSolution
Business Standard
2 days ago
- Business
- Business Standard
RBI announces sale of dated Government Securities for Rs 28000 crore
Government of India (GoI) has announced the sale (issue / re-issue) of two dated securities for a notified amount of Rs 28,000 crore. These include 6.01% GS 2030 for Rs 15000 crore and New GS 2055 for Rs 13000 crore. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system) on August 14, 2025 (Thursday). The non-competitive bids should be submitted between 10:30 a.m. and 11:00 a.m. and the competitive bids should be submitted between 10:30 a.m. and 11:30 a.m. The result will be announced on the same day and payment by successful bidders will have to be made on August 18, 2025 (Monday).
News18
26-07-2025
- Business
- News18
Himachal govt to auction securities worth Rs1,000 crore
Agency: PTI Shimla, Jul 26 (PTI) Reeling under an acute financial crunch, the Himachal Pradesh government has notified Government Stock (securities) of a 22-year tenure to raise Rs 1,000 crore, and the proceeds would be utilised for development programmes, officials said on Saturday. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office, on July 29, 2025. Bids for the auction would be submitted in electronic format, on E-Kuber Core Banking Solution of the RBI, and the consent of the central government has been obtained for floating the loan as required by Article 293(3) of the Constitution. As per the notification, the securities will be of 22-year tenure commencing on July 30, 2025, and the loan will be repaid at par on July 30, 2047, and the interest will be paid on a half-yearly basis on January 30 and July 30 every year. The competitive bids will be submitted electronically on the Reserve Bank of India Core Banking Solution (E-Kuber) system, while the non-competitive bids will also be submitted electronically on the E-Kuber system. The result of the auction will be displayed by the RBI on its website on the same day, and the payment by successful bidders will be made on July 30, 2025, before the close of banking hours. The state government had been procuring loans through the sale of government securities in the past, and such loans were procured in 2020, 2023, 2024 and now in 2025 also. PTI BPL BAL BAL (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 26, 2025, 21:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
21-07-2025
- Business
- News18
RBI proposes ban on display of 3rd party products on banks digital channels
Agency: PTI Mumbai, Jul 21 (PTI) Third-party products and services should not be displayed on banks' digital banking channels, according to RBI's draft norms issued on Monday. The 'Reserve Bank of India (Digital Banking Channels Authorisation) Directions, 2025' said banks should put in place a risk-based transaction monitoring and surveillance mechanism. Study of customer transaction behaviour pattern and monitoring unusual transactions or obtaining prior confirmation from customers for outlier transactions may be incorporated in the systems in accordance with the Fraud Risk Management Policy of the bank, said the draft. Stakeholders' comments have been sought on the draft till August 11. 'Third-party products and services, including those of promoter groups or bank group entities (subsidiaries/joint ventures/associates), shall not be displayed on banks' digital banking channels except as specifically permitted by the Reserve Bank from time to time…," it said. Banks offering mobile banking service (other than through mobile applications) must ensure that customers across mobile network operators can avail of the service, meaning the service will be network independent. The draft said banks shall put in place appropriate risk mitigation measures in accordance with their policies, like transaction limit (per transaction, daily, weekly, monthly), transaction velocity limit, and fraud checks depending on their risk perception. It further said banks should not make it mandatory for the customer to opt for any digital banking channel to avail any other facility like debit cards. 'While it may be more convenient for the customer to opt for some services together (for example, virtual access to card controls), the choice to apply for digital banking facilities shall lie solely with the customer," the draft said. Also, banks should obtain explicit consent from the customer for providing digital banking services, which may be duly recorded/documented, it said. 'Banks shall require prior approval of the Reserve Bank for launching transactional banking facility," the draft said. Subject to fulfilment of the prudential eligibility criteria, banks may apply to the respective Regional Office of the Reserve Bank for launch of transactional banking facility, along with a board resolution. They will also have to provide supporting documents, including related to net worth as per minimum regulatory requirement or Rs 50 crore, whichever is higher, as on March 31 of the immediately preceding financial year. All banks which have implemented Core Banking Solution (CBS) and have enabled their public-facing Information Technology (IT) infrastructure to handle Internet Protocol Version 6 (IPv6) traffic are eligible to provide view-only banking facility for internet banking, mobile banking, and other digital banking channels-based services, the draft said. PTI NKD NKD BAL BAL view comments First Published: July 21, 2025, 20:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
18-07-2025
- Business
- Mint
₹27,000 crore worth government securities fully subscribed on Friday
Mumbai (Maharashtra) [India], July 18 (ANI): The central government on Friday auctioned securities worth total ₹ 27,000 crore ( ₹ 15,000 crore maturing in 2030 and ₹ 12,000 crore maturing in 2054). According to Reserve Bank of India (RBI), the government securities was subscribed to in entirety. The 2030 maturing bond will yield 6.01 per cent annualized returns, and 7.09 per cent for the 2054 maturing bond. The underwriting auction was conducted through multiple price-based method today. Primary Dealers have submitted their bids for auction electronically through Core Banking Solution (E-Kuber) System between 09:00 A.M. and 09:30 A.M. on the day of underwriting auction (today). The underwriting commission will be credited to the current account of the respective primary dealers with RBI today itself. Primary dealers are registered entities with the RBI who have the license to purchase and sell government securities. Recently, as many as twelve Indian states raised a total of ₹ 26,900 crore in the latest auction of State Government Securities (SGS), RBI data showed. All participating states accepted the full amount they had notified for the auction. Maharashtra led the fundraising drive, mobilising ₹ 6,000 crore through four securities. The state offered yields of 7.12 per cent for a 22-year security, 7.13 per cent for a 23-year security, 7.15 per cent for a 24-year security and 7.16 per cent for a 25-year security. Following Maharashtra, Andhra Pradesh raised ₹ 3,600 crore through two securities of ₹ 1,500 crore and ₹ 2,100 crore against a lower yield of 6.87 per cent and 6.88 per cent for tenures of 8 and 9 years, respectively. Uttar Pradesh raised ₹ 3,000 crore through one security at a yield of 6.86 per cent for a tenure of 8 years. Uttar Pradesh is followed by Telengana and Punjab, both of which raised ₹ 2,500 crore each. Punjab also gave the highest yield on its security of 7.19 per cent for a tenure of 24 years. Telangana's ₹ 2,500 crore was through three securities, two of ₹ 1,000 crore each, the first at a yield of 7.10 per cent for 32 years and the second at a yield of 7.09 per cent for a tenure of 35 years. The third security of ₹ 500 crore was raised by the state for 38 years at a yield of 7.09 per cent. West Bengal, Gujarat and Bihar raised securities worth ₹ 2,000 crore each. West Bengal at a yield of 7.07 per cent for a tenure of 12 years, Gujarat with a yield of 6.80 per cent for a tenure of nine years and Bihar with a yield of 6.90 per cent for a tenure of 10 years. Other participants in the auction included Odisha, which raised ₹ 1,500 crore through two securities of ₹ 1,000 crore and ₹ 500 crore. First at a yield of 6.98 per cent for a tenure of 12 years and second at 6.13 per cent for a tenure of three years, respectively. Tamil Nadu raised ₹ 1,000 crore through a security with a yield of 6.82 per cent for a tenure of 10 years. Goa raised ₹ 100 crore at 6.89 per cent for a tenure of 10 per cent. RBI had conducted this yield-based auction as part of its regular borrowing calendar for states, helping them meet their capital expenditure and fiscal needs. (ANI)
Business Standard
15-07-2025
- Business
- Business Standard
Government of India announces the sale of two dated securities for a notified amount of ₹27,000 crore
The Government of India (GoI) has announced the sale (re-issue) of (i) New GS 2030 for a notified amount of ₹15,000 crore and (ii) 7.09% GS 2054 for a notified amount of ₹12,000 crore. The auction will be conducted using multiple price method. Both competitive and non-competitive bids for the auction to be submitted in electronic format on the Reserve Bank of India Core Banking Solution (e-Kuber system) on July 18, 2025 (Friday). GoI will have the option to retain additional subscription up to ₹2,000 crore against each security.
