Description

RBI announces auction of two Government of India dated securities with non-competitive bidding facility available through BSE's iBBS platform.

Summary

The Reserve Bank of India has announced an auction of two Government of India dated securities scheduled for September 4, 2025. BSE is facilitating non-competitive bidding for these securities through its iBBS web-based system, allowing trading members and direct investors to participate in the auction process.

Key Points

  • Two G-Secs available for auction: 6.28% GS 2032 (Re-issue, ₹11,000 crore) and 7.09% GS 2074 (Re-issue, ₹14,000 crore)
  • Non-competitive bidding available through BSE’s iBBS platform (https://ibbs.bseindia.com)
  • Minimum subscription: 100 units (₹10,000), Maximum: ₹2 crores per security
  • Settlement date: September 8, 2025

Regulatory Changes

No new regulatory changes announced. This follows the existing framework for non-competitive bidding in government securities auctions as per Exchange circular no. 20180423-42 dated April 23, 2018.

Compliance Requirements

  • Trading members must use the NCB-GSec module on BSE’s iBBS platform for bidding
  • Members must submit bids by September 4, 2025, 8:00 AM
  • Direct investors must submit bids by September 3, 2025, 5:00 PM
  • Minimum and maximum investment limits must be adhered to

Important Dates

  • Bid Collection Start: September 2, 2025, 10:00 AM (24-hour availability)
  • Bid Collection End (Direct Investors): September 3, 2025, 5:00 PM
  • Bid Collection End (Members): September 4, 2025, 8:00 AM
  • Auction Date: September 4, 2025
  • Settlement Date: September 8, 2025

Impact Assessment

Minimal market impact as this is a routine government securities auction. The total issue size of ₹25,000 crores (₹11,000 crores for 6.28% GS 2032 and ₹14,000 crores for 7.09% GS 2074) represents standard government borrowing activity. The non-competitive bidding facility ensures retail and smaller institutional investors can participate without competing on price.

Impact Justification

Routine government securities auction with standard non-competitive bidding process