Date : 21 Dec 2012

The Reserve Bank of India has announced the auction of 364-day Government of India Treasury Bills for notified amount of Rs.5,000 crore. The auction will be conducted on December 26, 2012 using "Multiple Price Auction" method. The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the Bank. The sale will be subject to the terms and conditions specified in the General Notification No. F.2 (12)-W & M/97 dated 31st March, 1998 issued by Government of India and as amended from time to time.

The competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10.30 a.m. and 12.00 noon on Wednesday, December 26, 2012. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. Results will be announced on the same day. Payments by successful bidders will be on Thursday, December 27, 2012.

Ajit Prasad

Assistant General Manager

Press Release : 2012-2013/1045

Multiple price auction method for 364 day Treasury Bills with non competitive allocations outside the notified amount. The Reserve Bank announced a 364-day Treasury Bill auction using the Multiple Price Auction method, with non-competitive allocations outside the notified amount at the Bank's discretion, subject to General Notification No. F.2 (12)-W & M/97. Competitive bids must be submitted electronically via the E-Kuber system within the prescribed window, non-competitive bids within an earlier window, results announced the same day, and payments scheduled the following day.