In its earlier auctions, the RBI accepted bids worth a smaller quantum than the total notified amount of the auction. This is because the central bank and the government were likely uncomfortable with the price levels that banks were earlier offering. The RBI is the manager of the government’s debt.
Indian Overseas Bank Q2 Results: Net profit rises 24% to Rs 777 crore
State-owned Indian Overseas Bank on Thursday posted a 24% surge in net profit to Rs. 777 crore in the second quarter ended September 2024, due