https://www.taxtmi.com/news?id=4325 Auction of eleven State dated securities for ten-year tenor will be conducted electronically through E-Kuber as a yield-based auction permitting both competitive and non-competitive bids; non-competitive allotment is limited by the Scheme for Non-competitive Bidding Facility to up to ten percent of each stock with a one percent cap per single bid, yields must be expressed to two decimal places, multiple competitive bids are allowed subject to aggregate bid limits per State, and the Reserve Bank will fix the maximum yield/minimum price for allotment. en-us Sat, 15 Dec 2012 10:26:59 +0530 Sat, 15 Dec 2012 10:26:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4325 Auction of eleven State dated securities for ten-year tenor will be conducted electronically through E-Kuber as a yield-based auction permitting both competitive and non-competitive bids; non-competitive allotment is limited by the Scheme for Non-competitive Bidding Facility to up to ten percent of each stock with a one percent cap per single bid, yields must be expressed to two decimal places, multiple competitive bids are allowed subject to aggregate bid limits per State, and the Reserve Bank will fix the maximum yield/minimum price for allotment. News - Sat, 15 Dec 2012 10:26:59 +0530 https://www.taxtmi.com/news?id=4325