Description

BSE announces non-competitive bidding facility for government treasury bills auction with three instruments totaling ₹21,000 crores.

Summary

BSE announces the availability of non-competitive bidding facility for the auction of three Treasury Bills scheduled for August 13, 2025, following RBI’s press release dated August 8, 2025. The auction includes 91-day, 182-day, and 364-day T-Bills with a combined issue size of ₹21,000 crores 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)
  • Bidding through NCB-GSec module of iBBS web-based system
  • Minimum lot size of 100 with ₹10,000 minimum amount for all instruments
  • Maximum bidding limits: ₹500 cr (91-day), ₹300 cr (182-day), ₹250 cr (364-day)
  • 24-hour availability for bid collection starting August 11, 2025

Regulatory Changes

No new regulatory changes. This follows existing circular 20180423-42 dated April 26, 2018 regarding non-competitive bidding facility for government securities auctions.

Compliance Requirements

  • Trading members must use the designated NCB-GSec module for bidding
  • Adherence to minimum lot sizes and maximum bidding limits
  • Compliance with specified bidding timeframes for direct investors and members
  • Settlement obligations through ICCL as per standard procedures

Important Dates

  • Bid Collection Start: August 11, 2025, 10:00 AM onwards
  • Direct Investors Deadline: August 12, 2025, 5:00 PM
  • 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 and institutional investors. Provides liquidity opportunity in government securities with standardized auction process. The ₹21,000 crore combined issue size represents significant government borrowing activity that could influence short-term interest rates and money market conditions.

Impact Justification

Regular treasury bill auction facility with standardized procedures affecting debt market participants