G-Sec Issuance

Question 1

How are issued and which platform

Answer 1

Issued through auctions by RBI

Conducted on E-Kuber core banking solution

Question 2

Who are members of this platform

Answer 2

Commercial banks
Scheduled urban coperative
Primary dealers
Insurance companies
Provident funds

Question 3

What are the type of accounts

Answer 3

Funds account or current account

Securities account or subsidary general ledger SGL account

Question 4

When are auction results released

Answer 4

Treasury bills at 1:30 PM and dated securities at 2 PM

Question 5

How non primary members can trnsact

Answer 5

Non UCBs should open account with primary members called Gilt account

Propritary transactions through Subsidary General Ledger SGL account

Gilt Account Holders through Constituent Subsidary General Ledger CSGL

Question 6

Auctions time and details and settlement

Answer 6

Dated securities on Friday and settled on Monday T+1 days half yearly calendar

T-bills on wednesday and settled T+1 days, quarterly calendar

Question 7

CMBs issuance and benefits

Answer 7

Based on requirement

Non competitive biding not for CMBs

Tradable and eligible for SLR under section 24 of Banking Regulation Act 1949

Question 8

State development loans issuance and powers

Answer 8

Sec 21A(1) b of RBI act of 1934 aggrement with 29 states and UT

Question 9

SDL who approves and constitution provisions

Answer 9

Article 293(3) of constitution and sec 48A of union territory

Market borrowing program to be approved by ministry of finance

Question 10

When issued and who

Answer 10

Quarterly basis

Conducted on Tuesdays every week on E-Kuber

10 percent for retail investors and non competitive biding