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 platform, allowing trading members and direct investors to participate in the government securities auction.

Key Points

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

Regulatory Changes

No regulatory changes announced. This follows the existing framework established in BSE circular no. 20180423-42 dated April 23, 2018 regarding non-competitive bidding facility for Government Securities auctions.

Compliance Requirements

  • Trading members must use the NCB-GSec module on BSE’s iBBS platform for bidding
  • Members can submit bids until September 4, 2025, 8:00 AM
  • Direct investors must submit bids by September 3, 2025, 5:00 PM
  • Minimum subscription requirements: 100 units (₹10,000) with multiples thereof
  • Maximum bid limit: ₹2 crores per security

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 Cr + ₹14,000 Cr) represents standard government borrowing activity. The non-competitive bidding facility provides retail and small institutional investors access to government securities at weighted average auction prices, promoting broader market participation in sovereign debt instruments.

Impact Justification

Routine government securities auction announcement with standard non-competitive bidding process