Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.142)


Which bank announced purchase & sale of Govt securities under OMO worth Rs 20,000 crore?

[A]. SBI
[B]. RBI
[C]. PNB

Answer: Option B


On August 25, 2020, Reserve Bank of India (RBI) announced a simultaneous purchase and sale of government securities (G-Secs) under open market operations (OMO) for an aggregate amount of Rs 20,000 crore in two equal tranches of Rs 10,000 crore on August 27, 2020 and September 03, 2020 on account of current and evolving liquidity and market conditions.

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