RBI Report
Underwriting commission paid to PDs in FY25 at INR 157.8 mln
This story was originally published at 16:11 IST on 29 May 2025
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MUMBAI – The government's expenditure on account of underwriting commission paid to primary dealers, including Goods and Services Tax, for auctions of dated government bonds fell to INR 157.8 million in the year ended March from INR 484.7 million the previous year. The fall in underwriting amount may be due to orderly market conditions and strong demand from investors, the Reserve Bank of India said in its annual report.
In FY25, primary dealers achieved an average success ratio of 66.7% in Apr-Sept and 64.2% in Oct-Mar, the report said. The share of amount allotted to primary dealers in auctions of Treasury bills was 74.8% during FY25, up from 69.4% the previous year. End
Reported by Srijita Bose
Edited by Avishek Dutta
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