Once an admirer, Nassim Taleb now says Bitcoin is worth zero, BFSI News, ET BFSI

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MUMBAI: Naseem Taleb, renowned author of highly-regarded books such as Black Swan and Skin in the Game, believes that the true value of a Bitcoin is no higher than a zero.

In a paper titled ‘Bitcoin, Currencies and Bubbles’, Taleb said: “In its current version, in spite of the hype, Bitcoin failed to satisfy the notion of ‘currency without government’ (it proved to not even be a currency at all).

The noted author said that Bitcoin can neither be a short-term or long-term store of value, cannot operate as a reliable hedge against inflation, and “worst of all does not constitute, not even remotely, a tail protection vehicle for catastrophic episodes”.

The former admirer of the cryptocurrency asserted that the true value of a Bitcoin is no higher than zero. “Gold and other precious metals are largely maintenance free, do not degrade over a historical horizon, and do not require maintenance to refresh their physical properties over time. Cryptocurrencies require a sustained amount of interest in them,” Taleb wrote in his paper.

After a trailblazing run for much of 2020 and better part of 2021 so far, Bitcoin has undergone a sharp fall over the past two months triggered by China’s crackdown on cryptocurrency miners and backlash from famous enthusiast Tesla Founder Elon Musk.

After hitting a record high of $62,741 in April, Bitcoin has given up more than 50 per cent over the past two months and is now vulnerable to falling closer to its high hit during the 2017-18 bull market of around $19,000.

The surge in the price of the cryptocurrency over the past 14 months had largely been driven by new interest institutional investors such as hedge funds and certain corporations like Tesla and MicroStrategy.

Much of the interest in the coin from institutional investors rested on the notion that Bitcoin can act as a true hedge against inflation, better even then gold in some opinions. Taleb believes that for a currency to be a hedge against inflation it should have minimum variance against a basket of goods and services, a quality Bitcoin lacks.

Taleb’s paper is likely to further ignite debate in the global investment world on the true role of Bitcoin and other cryptocurrencies. In India, cryto enthusiasts often call Bitcoin an asset, not a currency. If that is the case, Taleb’s paper may give them a headache.



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Reserve Bank of India – Press Releases

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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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DIPAM seeks bids for transaction advisor for IDBI Bank strategic disinvestment, last date July 13, BFSI News, ET BFSI

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The department of investment and public asset management (DIPAM) Tuesday issued a request for proposal for appointing transaction advisor for strategic disinvestment and transfer of management control in IDBI Bank Limited.

Among several criteria listed for eligibility, bidders should have completed at least one transaction of strategic disinvestment, strategic sale or merger and acquisition of Rs 5000 crore or more in size, between April 2016 and March, 2021. The last date for submissions is July 13.

The professional financial consulting firm, investment banker, merchant banker, financial institution or bank bidding for the contract, should have at least five years’ experience in providing advisory service in such transactions.

“The Transaction Advisor (TA) will be required to undertake tasks related to all aspects of the proposed strategic disinvestment culminating into successful completion of the transaction and would, inter alia include but not limited to advising and assisting government of India on modalities of disinvestment and the timing,” the department said as it set out terms of reference for the advisor in the RFP.

The advisor would recommend the need for other intermediaries required for the process of sale or disinvestment, help in identification and selection of the same with proper terms of reference, prepare documents such as the Preliminary Information Memorandum (PIM), Confidential Information Memorandum (CIM), Request for Proposal (RFP), Confidentiality Agreement et al.

It will also structure the transaction, organize roadshows, suggest measures to fetch optimum value, position of the strategic sale, invite and evaluate bids, assist and professionally guide during the negotiations with prospective buyers, draw up the sale or other agreements and advise on post-sale matters on a continuous basis.

DIPAM has barred a person or company owning more than 50% equity interest in the merchant banker or controls the merchant bankers, from participating in the competitive process for acquisition of IDBI Bank.

“For clarity, parent entity cannot participate in transaction process in case the selected bidder is subsidiary of an existing retail bank.

In case the interested Transaction Advisor is a subsidiary of an existing retail bank, they need to provide documentation explaining firewall or Chinese-wall structure to maintain confidentiality and conflict of interest.

DIPAM has also barred public sector banks cannot participate as bidders for acquisition of IDBI Bank in the transaction process. Subsidiaries of IDBI Bank – IDBI Capital Markets – cannot participate as bidders for transaction advisors.

The Cabinet Committee on Economic Affairs had given an in-principle approval for the strategic divestment of IDBI Bank in May this year. The extent of shareholding to be divested by the Indian government and Life Insurance Corporation of India will be decided at the time of structuring of transaction in consultation with Reserve Bank of India, it had said.

IDBI Bank is classified as a private sector bank by RBI with government shareholding at 45.48%, LIC of India shareholding at 49.24% and non-promoter shareholding at 5.29%.



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EoI for sale of IDBI Bank likely by September

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Absence of meaningful investor interest resulted in the government ultimately having to sell its majority stake in IDBI Bank to LIC.

The department of investment and public asset management (DIPAM) in the finance ministry on Tuesday floated a Request For Proposal (RFP), inviting transaction and legal advisers for strategic disinvestment of IDBI Bank. Once these advisers are appointed, the department would promptly invite expressions of interest (EoIs) for purchase of the stakes on offer and this would likely be by September, a senior official told FE. According to the RFQ, the applications can be filed till July 13.

Once these advisers are appointed, the department will promptly invite expressions of interest (EoIs) for purchase of the stakes on offer and this would likely be by September, the official added.

As per the plan, the government will exit the bank by divesting its entire 45.48% stake worth about Rs 19,000 crore at the current market prices and promoter Life Insurance Corporation will offer to sell a portion of its 49.24% stake with an intent to relinquish management control.

After a failed attempt a few years ago, the government diluted its stake in IDBI Bank in January 2019 in favour of LIC, which then became the promoter in the bank with 51% stake. Under a special dispensation, the Insurance Regulatory and Development Authority has allowed LIC to hold 51%, against the norm of 15%. The insurer will, however, have to pare its stake to 15% in due course.

Absence of meaningful investor interest resulted in the government ultimately having to sell its majority stake in IDBI Bank to LIC. That was barely privatisation. “However, this could change in 2021 if both government and LIC are able to divest a majority stake in the bank to an external investor, as it may be indicative of broader investor appetite in state-owned banks with adequate loan-loss reserves,” Fitch Ratings said in a note on June 7.

After a gap of five years, IDBI Bank was back in the black with a net profit of Rs 1,359 crore for FY21. Following improvement in asset quality, the bank exited the prompt corrective action (PCA) framework on March 10. It can resume corporate lending which was stopped after it came under PCA.

The improvement in the health of the bank is also reflected in its share price. IDBI Bank share price has risen 46% to Rs 38.60 as on Tuesday on the BSE, compared with Rs 26.35 on January 27.

Of the Rs 1.75-lakh-crore disinvestment target for FY22, the government has budgeted Rs 1 lakh crore from disinvestment of government stake in public sector financial institutions and banks such as LIC (IPO) and IDBI Bank strategic sale.

 

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Cryptocurrencies To Buy Now On The Latest Meltdown With Their Price Predictions

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1. Ethereum (ETH):

Ethereum founded in the year 2014 by Vitalik Buterin is a decentralized blockchain. As of now it is being iterated that the crypto has the potential to even pip Bitcoin in valuation. As it is for some time we saw higher volumes in the case of Ethereum in comparison to Bitcoin.

Now coming to how it shares similarity with the most popular crypto is that is an open source i.e. anyone, anywhere can download the software and start communicating with the network.

The dissimilarity between the 2 i.e. Bitcoin and Ethereum is that they differ in their long term objective i.e. while the core purpose of Bitcoin is to act as a currency, Ethereum is intending to enable all those operating with the Ethereum network to operate ‘smart contracts’. In lay men terms smart contracts are apps that run in line with the programming that is there is no probability as well as possibility of fraud, downtime etc.

Ethereum as is confirmed by its co-founder will work on becoming more environment friendly and for it, Ethereum shall make a switch from Proof of Work to Proof of Stake system.

Price performance of Ethereum over the last one year and future price predictions

In the last 12 months period, the crypto has moved higher by a whopping 1000% and analysts and various other crypto experts suggest that Ethereum has the potential to even eclipse Bitcoin.

Note the price predictions for crypto Ethereum are basis Digitalcoin.

2.	Binance Coin (BNB):

2. Binance Coin (BNB):

This digital coin is based on Ethereum blockchain and is used for trading in cryptos as well as for fees against crypto trades executed on Binance exchange. Binance exchange typically functioning around cryptocurrencies as against other industry players intend to provide a comprehensive infrastructure for cryptocurrency trades that eliminates all such hassles associated with trading in cryptos.

Current price trend for Binance Coin and Price Prediction

As of writing this copy, Binance Coin has taken a heavy known down of over 21 percent during the last 24 hours in line with the overall meltdown in the cryto space.

Note the price prediction tabulated above is as per the longforecast.com

3. Ripple (XRP):

3. Ripple (XRP):

The digital token Ripple as per Forbes is typically to address the needs of the global financial services and banking industry. Primarily the token is a money transfer system. Notably, despite the longer term plans the crypto is facing legal hassles with the SEC nonetheless that is not stopping the token to surge in value, not to mind the current severe fall. Furthermore, XRP is the token designed to function on the Ripple network.

The utility or the use case of Ripple is its USP that is transfer of other currencies including commodities such as gold or oil for that matter over the Ripple network. Notably every time a bank uses the Ripple network for transfer of any asset including money, the cost is debited in respect of it as a small amount of XRP. This is what adds to the value of ‘XRP’ and it is hence deemed to be a fuel or drive for the machines that engage in such transfers.

Current price trend for XRP and Future price predictions for XRP

At time of writing this report, XRP ranked on the 7th spot on coinmarket.cap and was seen trading lower by almost 23% at a price of $0.526.

There are expectations that the crypto can win over the legal case against the US SEC and surge to $20 by year end.

Price Prediction for Ethereum, Binance Coin and Ripple In A Table

Price Prediction for Ethereum, Binance Coin and Ripple In A Table

Crypto LTP Price prediction by 2021 end For 2022 For 2025
Ethereum $1869 $3404 $4253 $7359
Binance Coin $231.04 $269 $550 $586
Ethereum $0.526 $20 $3-$4 New highs can be reached

Conclusion

Conclusion

Like every other asset while cryptos can earn you immensely there are inherent risk that cannot be overlooked. In recent past, some of the frauds in the crypto universe have also come to light. Also some of the ace people in the field have suggested that they (cryptos) can even erode most of their value in due course. So at most investors in India who are keen to take a bet on cryptos i.e. currently being traded in an unregulated environment, by investing only that much amount that they can afford to lose and not anything less or more than it.



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10 AI Focused Listed Company Stocks In India Which Could Disrupt In Future

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What is Artifical Intelligence?

Artificial intelligence (AI) is the simulation of human intelligence in robots that have been trained to think and act like humans. AI has the potential to add US$957 billion to India’s current GDP, or 15%. In 2035, AI has the potential to add US$957 billion, or 15% of India’s present gross domestic product. The combination of technology, data, and skill that enables intelligent systems has achieved critical mass, propelling AI investment to new heights.

Tata Elxsi

Tata Elxsi

Over the last 25 years, Tata Elxsi has been facilitating technology-based advancements. It features a wide spectrum of breakthroughs enabled by AI and analytics, from self-driving cars to video analytics solutions. Tata Elxsi’s Artificial Intelligence Centre of Excellence (AI CoE) addresses the increasing demand for intelligent systems. Customers may swiftly adopt and modify the landscape using its cloud-based integrated data analytics frameworks, which feature patent-pending technologies, to get actionable insights and superior results.

Over a three-year period, the stock returned 174.89 percent, while the Nifty IT provided investors a 106.55 percent return. In the fiscal year ending March 31, 2021, the company spent less than 1% of its operating revenues on interest charges and 56.1 percent on staff costs.

Bosch

Bosch

The Bosch Center for Artificial Intelligence (BCAI) was founded in 2017 to apply cutting-edge AI technology throughout, Bosch products and services, resulting in innovative solutions. Bosch created the technological groundwork for AI to have a real-world impact. Its research produces differentiation in six areas using data from all of Bosch’s disciplines, with a focus on core AI technologies.

Only 1.08 percent of trading sessions in the last 16 years had intraday drops of more than 5%. The stock earned a negative return of -15.94 percent over a three-year period, compared to 44.16 percent for the Nifty 100 index.

Kellton Tech

Kellton Tech

Kellton Tech Solutions is a Hyderabad-based information technology and outsourcing company with locations in the United States and Europe. With over 1400 people, the company generated net revenues of Rs. 7.39 billion. Kellton Tech creates cutting-edge, focused AI solutions to challenges that traditionally needed a great lot of human intellect, ranging from machine learning to deep learning. Over a three-year period, the stock returned 40.86 percent, while the Nifty IT delivered investors a 106.55 percent return. Kellton Tech Solutions Ltd., founded in 1993, is a Small Cap business in the IT Software sector with a market capitalization of Rs 712.75 crore.

Happiest Minds

Happiest Minds

To help organizations provide immersive consumer experiences and surpass the competition, combine augmented intelligence with natural language processing, image analytics, video analytics, and upcoming technologies like AR and VR at Happiest Minds.

Happiest Minds imagine and develop the next generation of intelligent systems capable of thinking, learning, creating, and making decisions in the same way that humans can.

In the fiscal year ended March 31, 2021, the company delivered an ROE of 29.62 percent, surpassing its five-year average of 23.07 percent. Happiest Minds Technologies Ltd., founded in 2011, is a Large Cap business in the IT Software sector with a market capitalization of Rs 13,507.78 crore.

Zensar Technologies

Zensar Technologies

Zensar Technologies is betting on Artificial Intelligence (AI). The company’s go-to-market strategy is now pivoting away from digital and toward disruptive AI. Zensar AIRLabs, the company’s R&D department, has filed for 100 patents in the last several years and is now entirely focused on AI. Zensar announced the initial set of platforms for seven major areas last week, including sales, marketing, IT, talent supply chain, HR, collaboration, projects, and programs, to help customers create value. Over a three-year period, Nifty IT Stock returned 15.63 percent, compared to Nifty IT, which returned 106.55 percent to investors.

Cyient

Cyient

Cyient assists companies in achieving business objectives rather than merely new tools and technologies. For self-driving cars, AI can detect changes in the real environment and update maps in real time. Such navigation helpers can aid autonomous vehicles in fully comprehending the world around them and taking the appropriate actions to avoid collisions. Rather than simply providing new tools and technologies, it aids businesses in attaining their goals.

Over a three-year period, the stock returned 24.4 percent, while the Nifty IT returned 106.55 percent to investors.

Persistent Systems

Persistent Systems

Persistent turns AI and machine learning dream into reality with solutions that aid at every stage of AI and machine learning development. With a methodology that helps prioritize use cases, design platform architecture, scale model development, and operationalize models across the company, our solutions ensure that you realize successful outcomes from your AI & ML investments. Annual sales growth of 16.16 percent surpassed the company’s three-year CAGR of 10.75 percent. Over a three-year period, the stock returned 208.41%, compared to 106.55 percent for the Nifty IT.

Saksoft

Saksoft

Saksoft assists customers in achieving transformational transformations through intelligent decisions, increased efficiency and productivity, enhanced customer experience, and service innovation by leveraging the critical combination of Artificial Intelligence and automation. Saksoft accelerates digital transformation and applies intelligent automation to solve business problems by combining automation and modern technologies such as RPA, machine learning, IoT, and Artificial Intelligence.

Over a three-year period, the Saksoft shares returned 118.06 percent, while the Nifty IT provided investors a 106.55 percent return.

Oracle Financials

Oracle Financials

Oracle can assist you in implementing AI in your company and IT processes. With Oracle Cloud applications and platform, as well as Oracle Autonomous Database, all operating on Oracle’s Gen 2 Cloud, you can speed up automation, minimize human errors, and gain greater business insights. Only 2.35 percent of trading sessions in the last 16 years had intraday gains of more than 5%. The stock returned -11.82 percent over three years, compared to 44.16 percent for the Nifty 100.

Affle

Affle

Affle is a global technology company that offers end-to-end App Marketing solutions. Consumer Platform and Enterprise Platform are the company’s two business segments. Affle’s Consumer Platform is a proprietary consumer intelligence platform that uses relevant mobile advertising to drive consumer acquisitions, interactions, and transactions.

Conclusion

Conclusion

The information provided on this article and the website is for educational and informational purposes only and it is not considered to be advice or recommendation of any kind whatsoever. Anyone who wishes to apply the concept and ideas contained in this article takes full responsibility for their actions.The article related to the stock market are basically for educational purposes and stock market are subject to risk, we are not forcing you to trade in the stock market, it is your own will.

10 AI Focused NSE/BSE Listed Company Stocks In India

10 AI Focused NSE/BSE Listed Company Stocks In India

Company Price Rs Market Cap YTD
Tata Elxsi 3,690 22.95TCr 97.54%
Persistent Systems 2,580 19.20TCr 72.28%
Bosch 15,090 44.61TCr 16.20%
Kellton Tech 72 684.86Cr -2.37%
Happiest Minds 915 13.01TCr 170.43%
Cyient 873 9.62TCr 70.26%
Oracle 3,560 30.66TCr 9.78%
Affle 4,592 12.24TCr 18.76%
Zensar Technologies 298 6.74TCr 1.57%
Saksoft 485 509.34Cr 25.08%

AI Focused Companies In India

AI Focused Companies In India

  • Dixon
  • Dhampur Sugra Mills
  • P & G Health
  • Honeywell Automation
  • 3M India Limited
  • PFizer
  • Intellect Design
  • Sasken
  • Subex
  • BSL Suiting
  • HCL infosystems
  • Xelpmoc
  • ARAPL
  • TransPact
  • Alphalogic
  • Infoegde India Limited
  • L & T technology services
  • Coforge Limited
  • TCS
  • Infosys Limited



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SucSEED Angel, IIIT-H fund exit Paymatrix

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SucSEED Angel Network and IIIT-Hyderabad’s seed fund have exited from Paymatrix, a fintech start-up established in 2016.

The two entities were offered an exit by the founders and Muthoot group that invested into the start-up.

The financial consideration for the two exits have not been revealed by the start-up.

The start-up lets users pay their rents, rental deposits and maintenance payments online using credit cards, giving them a window of credit-free period of 45-50 days.

The start-up, with a base of 82,000 users, processed ₹200 crore payment requests so far.

“Paymatrix was one of our very promising early-stage investments at IIIT-H Foundation. We believe that this partnership and investment from Muthoot group shall enable them to scale greater heights,” Ramesh Loganathan, COO at IIIT-H Foundation, said in a statement.

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IDBI Bank sell-off: Govt floats RFP for appointment of transaction and legal advisor

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The government on Tuesday floated a Request for Proposal (RFP) to appoint transaction advisor and legal advisor to assist in the strategic disinvestment of IDBI Bank.

The last date for interested parties to submit their bid is July 13 and the bid will be opened on July 14.

At present, IDBI Bank is classified as a private sector bank by the RBI with government shareholding at 45.48 per cent, Life Insurance Corporation of India shareholding at 49.24 per cent and the non-promoter shareholding at 5.29 per cent. LIC is the promoter while Centre is the co-promoter.

Also read: IDBI Bank has transformed into a retail bank: Samuel Joseph, Dy MD

The government proposes to go for strategic disinvestment along with transfer of management control. However, the extent of shareholding to be divested by the government and LIC will be decided at the time of structuring of transaction in consultation with the RBI.

Divestment target

The government has set a target of ₹1.75-lakh crore to be raised through disinvestment this fiscal, out of which ₹1-lakh crore is intended to be raised through off-loading the government stake in public sector banks and financial institutions. This also includes the stake sale in IDBI Bank. On May 5, the Cabinet Committee on Economic Affairs (CCEA) approved the strategic disinvestment of IDBI Bank.

LIC’s Board has already passed a resolution to the effect that LIC may reduce its shareholding in IDBI Bankthrough divesting its stake along with strategic stake sale envisaged by the government with an intent to relinquish management control and by taking into consideration, price, market outlook, statutory stipulation and interest of policy holders.

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Centrum Capital’s board approves ₹1,500-cr fund raise

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Centrum Capital is planning to raise funds aggregating up to ₹ 1,500 crore, possibly to fund the proposed small finance bank venture of its step-down subsidiary, even it reported a consolidated net loss of ₹ 5.54 crore in the fourth quarter ended March 31, 2021 against a consolidated net profit of ₹25.05 crore in the year ago period. .

The fund raising in the backdrop of Centrum Financial Services Ltd (CFSL) getting ‘in-principle’ approval from the Reserve Bank of India to set up a small finance bank, which in turn is expected to takeover the scam-hit Punjab and Maharashtra Co-operative (PMC) Bank.

NCD issue

Specifically, the board of directors of Centrum Capital on Tuesday approved an enabling resolution for raising funds through the issuance of non-convertible debentures, up to ₹1,000 crores, subject to the approval of shareholders.

Further, the board also approved an enabling resolution for raising of funds through issue of equity shares through qualified institutional placements up to ₹ 500 crore subject to approval of the shareholders/ regulatory and/or statutory authorities as applicable.

Jaspal Bindra, Executive Chairman, Centrum Group, last week said that CFSL and BharatPe will commit ₹900 crore to the SFB in the first year. As and when required, the partners will commit ₹900 crore more. CFSL and BharatPe will be equal partners in the proposed SFB.

The minimum paid-up net worth requirement for starting an SFB is only ₹200 crore. Once CFSL takes over PMC Bank, it would get a ready-made branch network of about 100 branches in Mumbai and in a few States.

In FY21, Centrum Capital reported a consolidated net loss of ₹41.8 crore against a net profit of ₹71.57 lakh in FY20.

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Reserve Bank of India – Press Releases

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The Result of the auction of State Development Loans for 10 State Governments held on June 22, 2021.

Table
(₹ in crore)
  ANDHRA PRADESH 2037 ANDHRA PRADESH 2036 GOA 2031 HARYANA 2037
Notified Amount 1000 1000 100 2000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 16 15 10 16
Competitive Bids Received        
(i) No. 64 76 23 106
(ii) Amount 3045.5 2897 305 6902.5
Cut-off Yield (%) 7.12 7.13 6.89 7.07
Competitive Bids Accepted        
(i) No. 48 66 13 42
(ii) Amount 953.894 949.998 96.893 1952.616
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 22.788 20.3629 37.86 60.7459
(ii) No. (4 bids) (3 bids) (1 bid) (12 bids)
Non-Competitive Bids Received        
(i) No. 6 6 4 5
(ii) Amount 46.106 50.002 3.107 47.384
Non-Competitive Price 100.44 100.48 100.42 100.11
Non-Competitive Bids Accepted        
(i) No. 6 6 4 5
(ii) Amount 46.106 50.002 3.107 47.384
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage
(ii) No.
Weighted Average Yield (%) 7.0733 7.078 6.8312 7.0582
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 1000 1000 100 2000

  KERALA 2041 KERALA 2038 KERALA 2036 MAHARASHTRA 2032
Notified Amount 1000 500 1000 1000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 20 17 15 11
Competitive Bids Received        
(i) No. 45 58 66 130
(ii) Amount 4548 2461 3313 4555.5
Cut-off Yield (%) 7.06 7.06 7.09 6.89
Competitive Bids Accepted        
(i) No. 7 7 45 58
(ii) Amount 984.993 494.999 928.228 900
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 53.7544 75.2724 16.5165 29.7872
(ii) No. (3 bids) (3 bids) (7 bids) (19 bids)
Non-Competitive Bids Received        
(i) No. 3 2 9 17
(ii) Amount 15.007 5.001 71.772 127.296
Non-Competitive Price 100.05 100.11 100.28 100.13
Non-Competitive Bids Accepted        
(i) No. 3 2 9 17
(ii) Amount 15.007 5.001 71.772 100
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage 78.5571
(ii) No. (17 bids)
Weighted Average Yield (%) 7.0554 7.0489 7.059 6.8726
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 1000 500 1000 1000

  MAHARASHTRA 2031* RAJASTHAN 2036 RAJASTHAN 2032 TAMILNADU 2056
Notified Amount 1000 1000 1000 1000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 10 15 11 Re-issue of 6.96% Tamil Nadu SDL 2056 issued on May 19, 2021
Competitive Bids Received        
(i) No. 160 71 101 20
(ii) Amount 7187 4343 3385 3470
Cut-off Yield (%) 6.83 7.04 6.9 7.0592
Competitive Bids Accepted        
(i) No. 29 11 41 1
(ii) Amount 1350 926.071 900 999.062
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 30.303 75.7142 57.7778 99.9062
(ii) No. (14 bids) (4 bids) (7 bids) (1 bid)
Non-Competitive Bids Received        
(i) No. 16 9 13 2
(ii) Amount 206.07 73.929 158.75 0.938
Non-Competitive Price 100.07 100.02 100.13 98.71
Non-Competitive Bids Accepted        
(i) No. 16 9 13 2
(ii) Amount 150 73.929 100 0.938
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage 72.7908 62.9921
(ii) No. (16 bids) (13 bids)
Weighted Average Yield (%) 6.8197 7.0374 6.8824 7.0592
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 1500 1000 1000 1000

  TAMILNADU 2031 TELANGANA 2041 UTTAR PRADESH 2031 WEST BENGAL 2036
Notified Amount 1000 1000 2500 3000
Underwriting Notified Amount NIL NIL NIL NIL
Tenure 10 20 10 15
Competitive Bids Received        
(i) No. 121 49 171 125
(ii) Amount 5552 4520.6 6241.8 9465.5
Cut-off Yield (%) 6.83 7.06 6.88 7.06
Competitive Bids Accepted        
(i) No. 27 5 73 37
(ii) Amount 900 970.996 2250 2929.999
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 13.1126 53.6797 4.7097 73.6993
(ii) No. (10 bids) (2 bids) (15 bids) (11 bids)
Non-Competitive Bids Received        
(i) No. 15 4 20 7
(ii) Amount 143.881 29.004 381.002 70.001
Non-Competitive Price 100.11 100.05 100.19 100.09
Non-Competitive Bids Accepted        
(i) No. 15 4 20 7
(ii) Amount 100 29.004 250 70.001
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage 69.5019 65.6165
(ii) No. (15 bids) (20 bids)
Weighted Average Yield (%) 6.8143 7.0556 6.8533 7.0506
Amount of Underwriting accepted from Primary Dealers NIL NIL NIL NIL
Devolvement on Primary Dealers NIL NIL NIL NIL
Total Allotment Amount 1000 1000 2500 3000

  Total
Notified Amount 19100
Underwriting Notified Amount  
Tenure  
Competitive Bids Received  
(i) No. 1386
(ii) Amount 72192.4
Cut-off Yield (%)  
Competitive Bids Accepted  
(i) No. 510
(ii) Amount 18487.749
Partial Allotment Percentage of Competitive Bids  
(i) Percentage  
(ii) No.  
Non-Competitive Bids Received  
(i) No. 138
(ii) Amount 1429.25
Non-Competitive Price  
Non-Competitive Bids Accepted  
(i) No. 138
(ii) Amount 1112.251
Partial Allotment Percentage of Non-Competitive Bids  
(i) Percentage  
(ii) No.  
Weighted Average Yield (%)  
Amount of Underwriting accepted from Primary Dealers  
Devolvement on Primary Dealers  
Total Allotment Amount 19600
* Maharashtra has accepted an additional amount of ₹ 500 crore in the 10 year Security.

Ajit Prasad
Director   

Press Release: 2021-2022/409

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