Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1227)

2020-08-29 Banking

1227.

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

SBI

RBI

PNB

SEBI

Answer: Option

Explanation:

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.