Treasury Bills: Features, Types and Market Operation

Treasury Bills: Features, Types and Market Operation - Article

Treasury Bills are short-term Government of India securities used for government borrowing and liquidity management by banks and other investors. This article explains the **91-day, 182-day, and 364-day T-Bills**, their zero-coupon and discount features, primary auction process, competitive and non-competitive bidding, secondary-market trading, price-yield relationship, and treasury applications for CAIIB BFM learners.