Reuters logo
India c.bank: 10 states raise 54.90 bln rupees via loans
August 21, 2012 / 9:53 AM / 5 years ago

India c.bank: 10 states raise 54.90 bln rupees via loans

MUMBAI, Aug 21 (Reuters) - India's central bank said on Tuesday 10 states raised a total of
54.90 billion rupees ($989.2 million), higher than the minimum target of 51.90 billion rupees,
through state development loans.
 State           Notified   Amount     Tenor      Cut-off     Weighted
                   Amount              (years)      Yield     
                   (bln     Accepted                (per      Average
                 rupees)      (bln                cent)       Yield
                            rupees)                             (per
                                                              cent)
 Andhra Pradesh  7.50       7.50       10         8.90        8.8969
 Goa             1.50       1.50       10         8.90        8.9000
 Gujarat         12.00      12.00      10         8.91        8.9023
 Karnataka *     5.00       8.00       4          8.74        8.7025
 Manipur         0.90       0.90       10         8.95        8.9439
 Meghalaya       0.50       0.50       10         8.95        8.9490
 Mizoram         0.50       0.50       10         8.95        8.9500
 Punjab          4.00       4.00       10         8.92        8.9017
 Rajasthan       5.00       5.00       10         8.92        8.9034
 West Bengal     15.00      15.00      10         8.96        8.9422
 Total           51.90      54.90                             
 * Govt of Karnataka has retained additional subscription of 3 billion rupees.
($1=55.5 rupees)

 (Reporting by Shamik Paul; Editing by Jijo Jacob)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below