BSE launches platform for NCB government securities
Retail investors can now buy NCB-GSec through primary auction on BSE's online bidding platform.
Reserve Bank of India and SEBI have approved BSE as a facilitator for Non-Competitive bidding (NCB) auction of Government Securities (G-Sec) and Treasury Bills to retail investors. This move is part of government's strategy to diversify the investor base of G-Sec. Government of India aims to sell (re-issue) four dated securities for Rs. 12,000 crore. Retail investors can hold these instruments in their demat accounts.
BSE is India's leading exchange group with Deutsche Bourse, as its strategic partner. BSE provides the platform for trading in equity, equity derivatives, currency derivatives, debt instruments, interest rate derivatives as well as mutual funds.
Meanwhile, at 10:30 hours, the stock of BSE Limited was trading at Rs. 811.00 per share, up by 0.22 per cent on Friday.