Description

BSE announces non-competitive bidding facility for three Treasury Bills (91-day, 182-day, 364-day) auction totaling ₹21,000 crores on August 13, 2025.

Summary

BSE announces the availability of non-competitive bidding facility for Government of India Treasury Bills auction scheduled for August 13, 2025. Three T-Bills with different tenures (91-day, 182-day, and 364-day) totaling ₹21,000 crores will be available through the NCB-GSec module of BSE’s iBBS platform.

Key Points

  • Three Treasury Bills available: 91-day (₹10,000 cr), 182-day (₹6,000 cr), and 364-day (₹5,000 cr)
  • Non-competitive bidding through BSE’s iBBS web-based system NCB-GSec module
  • Minimum lot size of ₹10,000 with multiples of ₹100 for all T-Bills
  • Different maximum limits: ₹500 cr (91-day), ₹300 cr (182-day), ₹250 cr (364-day)
  • 24-hour bid collection availability starting August 11, 2025 from 10:00 AM

Regulatory Changes

No new regulatory changes. This circular continues the existing non-competitive bidding facility launched in April 2018 for Government Securities auctions.

Compliance Requirements

  • Trading members must use BSE’s iBBS platform NCB-GSec module for bidding
  • Direct investors must submit bids by August 12, 2025 till 5:00 PM
  • Trading members must submit bids by August 13, 2025 till 8:00 AM
  • Minimum investment of ₹10,000 with ₹100 multiples
  • Adherence to maximum investment limits per T-Bill type

Important Dates

  • Bid Collection Start: August 11, 2025, 10:00 AM onwards
  • Direct Investors Deadline: August 12, 2025, 5:00 PM
  • Trading Members Deadline: August 13, 2025, 8:00 AM
  • Auction Date: August 13, 2025
  • Settlement Date: August 14, 2025

Impact Assessment

Medium impact on debt market participants. Provides investment opportunity in risk-free government securities with different maturity options. The ₹21,000 crore total issue size represents significant liquidity injection into the market. Trading members and direct investors can participate in government securities market without competitive bidding pressures.

Impact Justification

Regular treasury bill auction facility for debt market participants with significant issue size of ₹21,000 crores