BSE can be a facilitator in non-competitive bidding
DSIJ Intelligence / 02 Aug 2017
Non-competitive bidding (NCB) is open to individuals, HUFs, regional rural banks (RRBs), cooperative banks, firms, companies, corporate bodies, institutions, provident funds, and trusts.
BSE, Asia’s first stock exchange and now the world’s fastest exchange with the speed of 6 microseconds, announced on Tuesday that it has received the capital market regulator SEBI’s ‘No Objection’ to act as a facilitator in non-competitive bidding in the auction of Government Securities and T-Bills, through the Exchange mechanism.
This facility will provide retail investors an avenue to participate in the government securities’ market.
Non-competitive bidding (NCB) is open to individuals, HUFs, regional rural banks (RRBs), cooperative banks, firms, companies, corporate bodies, institutions, provident funds, and trusts. Under the scheme, eligible investors apply for a certain amount of securities in an auction without mentioning price/yield.
BSE had earlier received in-principle approval from the RBI on January 6, 2017 to act as a facilitator to retail investors including individuals for participating in non-competitive bidding facility in the auction of Government Securities and T-Bills.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.