Description

BSE announces non-competitive bidding facility for GoI Treasury Bills auction with three T-Bills totaling Rs. 21,000 crores.

Summary

BSE announces the availability of non-competitive bidding facility for three Treasury Bills to be auctioned by RBI on September 03, 2025. The auction includes 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs. 21,000 crores, accessible through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Three T-Bills available: 91-day (Rs. 10,000 cr), 182-day (Rs. 6,000 cr), and 364-day (Rs. 5,000 cr)
  • Bidding through BSE’s iBBS NCB-GSec module at https://ibbs.bseindia.com
  • Minimum lot size of Rs. 10,000 for all securities with multiples of 100
  • Maximum investment limits: Rs. 500 cr (91-day), Rs. 300 cr (182-day), Rs. 250 cr (364-day)
  • Different bid collection timelines for direct investors and members

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 NCB-GSec module for bidding
  • Direct investors must submit bids by September 02, 2025 till 5:00 pm
  • Trading members must submit bids by September 03, 2025 till 8:00 am
  • Minimum investment of Rs. 10,000 with multiples of 100

Important Dates

  • Bid Collection Start: September 01, 2025 from 10:00 am (24-hour availability)
  • Direct Investor Deadline: September 02, 2025 till 5:00 pm
  • Member Deadline: September 03, 2025 till 8:00 am
  • Auction Date: September 03, 2025
  • Settlement Date: September 04, 2025

Impact Assessment

Moderate impact on debt market participants providing additional investment avenue in risk-free government securities. The facility enables both retail and institutional investors to participate in T-Bill auctions without competitive bidding, enhancing market accessibility and liquidity in the government securities segment.

Impact Justification

Provides investment opportunity in government securities but limited to debt segment participants