Question
As per RBI’s new guidelines, what is the minimum
outstanding amount required for state government bonds to be eligible for STRIPS trading?Solution
Explanation:
The RBI has extended STRIPS trading to state government bonds, aligning with central government securities. For a bond to qualify, it must have a minimum outstanding amount of ₹10 billion , be a fixed-coupon bond, and have a residual maturity of up to 14 years. STRIPS allow the principal and interest portions of bonds to be traded separately, enhancing liquidity and debt management flexibility.
Mahila Samman Savings Certificate that was announced in FY24 Budget by the Finance Minister has a deposit limit up to ______.
What was the theme for “World Milk Day” this year?
Where are the headquarters of Federal Bank ?
Who authored the book 'Mundaka Upanishad: The Bridge to Immortality', which was released by Vice President Jagdeep Dhankhar on 9 March 2023 at Upa-Rasht...
What notable contributions did N. S. Srinivasan make in his field before his passing?
What is the primary objective of the 'Vishwakarma Yojana' announced by PM Narendra Modi on Independence Day?
What was the theme of International Day of Education 2022?
Which one of the following is the largest fresh water river island in the world formed by Brahmaputra River?
In March 2024, who was appointed as the new CEO of the World Gold Council for India?
Which chain of hospitals has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to launch a health insurance bus...
