RBI to conduct auction for GoI securities conversion on June 21

4

Mumbai, June 17 | The Reserve Bank of India will conduct the conversion or switch of Government of India (GoI) securities, through auction, on June 21.

The RBI has, from April 22, 2019, started conducting the auction for conversion of GoI securities on third Monday of every month.

As per the method, bidding in the auction implies that the market participants agree to sell the source security or securities to the GoI and simultaneously agree to buy the destination security from the GoI at their respective quoted prices.

“The Government of India announces the conversion/switch of its securities through auction for an aggregate amount of Rs 10,000 crore (face value),” RBI said in a statement.

According to the statement, market participants are required to place their bids in ‘e-Kuber’ giving the amount of the source security and the price of the source and destination security expressed up to two decimal places.

“The auction would be a multiple-price based auction….”

“Bids for the auction should be submitted in electronic format on the ‘Reserve Bank of India Core Banking Solution’ (e-Kuber) system on June 21, 2021 between 10.30 a.m. to 11.30 a.m.

“The result of the auction will be announced on the same day and settlement will take place on June 22, 2021 (Tuesday).”

Source: IANS

Next Story

The 1st batch of Big Data Analytics at FORE School breaks record in SIP offers

The 1st batch of Big Data Analytics at FORE School breaks record in SIP offers

Owing to the scarcity of talented professionals and the huge market demand for skilled
professionals in Big Data and data science, the 2 year Full Time Post Graduate program in Big Data Analytics (PGD Big Data Analytics) was formally introduced by FORE School of Management, New Delhi, last year. With an intake limited to 60 seats the course offered an opportunity to specialize in Big Data Analytics along with any other traditional PGDM specializations.

The new program paid off positive results within a year from its launch. The students of
the first batch of Big Data Analytics not only received the highest summer internship offers compared to other specializations but are also winning laurels from business management competitions and talent hunts held across the country.

The highest stipend offered to Kinchit Saxena from the batch of BDA was Rs.1,50,000 (One lakh Fifty Thousand) by GEP. The average stipend for the BDA batch has been of Rs. 31,800.00 which is higher than the rest of the batch. Offers were given by Egon Zehnder, Newgen Software Technologies, ITC Ltd, Outlook India, IDC Research, Volvo Eicher Vehicles, Skyria, Fyndhere, CRIF Solutions among others.

Laurels won by the First batch of PGDM (BDA) in various management competitions and talent hunt

● Paras Mahajan Winner of – Asian Paints Cognoscenti Hues of Clues
● Muskan Jain & Prachi Joshi have been 1st runner up in an event by IIM Kashipur

● Parul Singla was 1st runner up in case studies competition held by SCIT Pune
● Anuksha Jain won 2 awards as 1st runner up at IMT, Ghaziabad, and BIMTECH
● Poshali W shared award at the Hindustan Coca-Cola Beverages Business Quiz
along with students from IIM Lucknow and IIM Raipur.

The 1st batch of Big Data Analytics at FORE School breaks record in SIP offers
The 1st batch of Big Data Analytics at FORE School breaks record in SIP offers

Due to the Covid19 pandemic worldwide, the survival of many businesses now depends on their online presence. Digital operations is now a lifeline for MSMEs and other sectors. Big data analysts are responsible to evaluate performance or predict future requirements, which will accelerate the demand for data analysts in newer and wider areas, changing the way business has been done and the way it used to work. The size of the analytics market will evolve to at least one-third of the global IT market from the current one-tenths, as per experts, said Prof. Dr. Sanghamitra Buddhapriya, Dean (Academics), FORE School of Management, New Delhi.

Incidentally, FORE School has been offering certification in Big Data Analytics for Business & Management, in collaboration with the University of California Riverside for the past few years. The program was designed for executives from public and private sectors, academicians, data scientists, developers, or anyone interested to get an edge in their careers.

Roles offered in Big Data Analytics and Top recruiters

Data analyst, Business analyst, Data Scientists, Associate Business Analyst, Associate – Marketing Analytics, Decision Scientists and so on. Some of the top recruiters in this field are IBM, Microsoft, Google, Apple, Oracle, Amazon, Facebook, Capgemini, ITC Infotech, PwC, EY, and others. “A specialty in BDA or a dual specialty will definitely have an edge”, added Prof. Buddhapriya.

LEAVE A REPLY

Please enter your comment!
Please enter your name here