- To facilitate orderly trading in sovereign gold bonds, top stock exchange NSE has introduced online bid collection facility for such issuances
- The bourse has received approval from the Reserve Bank of India (RBI) to act as a receiving office for sovereign gold bond (SGB) issuances
- So far, three tranches of the bonds have been issued amounting to about Rs 1,322 crore and the fourth one is expected by July 18
- The bonds will carry an interest rate of 2.75 per cent (fixed rate) per annum on the amount of initial investment
- Interest is to be paid half-yearly and the last interest will be payable on maturity, along with the principal. PTI SSM NRB ARD ABM RDS
About NSE:
- The National Stock Exchange of India Limited is the leading stock exchange of India, located in Mumbai
- NSE was established in 1992
- CEO of NSE: Chitra Ramkrishna
Important Question for Competitive Exam from this Current Affairs:
- Which Institute unveils online bidding platform for gold bond issuance: a)BSE b)NSE c)SEBI d)RBI
source: the hindu businessline
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