SBI sells over Rs. 400 cr. electoral bonds

More than Rs. 400 crore worth of electoral bonds were sold by the State Bank of India (SBI) in the 10-day window of October, a sharp rise from the Rs. 32 crore worth of bonds sold in the July tranche, according to data the bank released under the Right to Information. The data shows that Rs. 401.73 crore worth of bonds were sold by SBI in the October 1-10 window, the fifth tranche in which the bonds were available for sale. Within this, about 37.5% of the bonds (Rs. 150.7 crore worth) were sold in Mumbai, the highest share among the 11 cities where the bonds were for sale. The city with the second highest sales was Kolkata (Rs. 62.6 crore worth).

Source  :  https://www.thehindu.com/todays-paper/tp-business/sbi-sells-over-rs-400-cr-electoral-bonds/article25522281.ece

About ChinmayaIAS Academy - Current Affairs

Check Also

PUBLIC DISTRIBUTION SYSTEM

The Public Distribution System (PDS) evolved as a system of management of scarcity through the …

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Free Updates to Crack the Exam!
Subscribe to our Newsletter for free daily updates