Treasury Bills (T-Bills)
On 12th May 2025, India extended financial support to the Maldives by renewing a USD 50 million Treasury Bill for another year through the State Bank of India (SBI).
What are Treasury Bills (T-Bills)?
T-Bills are money market instruments issued by the Government of India as a promissory note of guaranteed repayment in the future.
- The main objective of issuing a treasury note is to obtain funds to cater to the short-term requirements of the government.
- T-Bills are zero coupon securities, meaning they don’t pay interest.
- These were first issued in India in 1917.
What are maturity period of treasury bills?
- T-bills ....
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