Description

BSE announces non-competitive bidding facility for auction of three Treasury Bills (91-day, 182-day, and 364-day) conducted by RBI on October 08, 2025, with total issue size of Rs. 19,000 crores.

Summary

BSE has announced the availability of non-competitive bidding facility for the Government of India’s Treasury Bills auction scheduled for October 08, 2025. The auction will offer three T-Bills (91-day, 182-day, and 364-day) with a combined issue size of Rs. 19,000 crores. Trading members can participate through BSE’s iBBS web-based NCB-GSec module with specific timelines for bid collection from direct investors and members.

Key Points

  • Three Treasury Bills to be auctioned: 91-day (Rs. 7,000 cr), 182-day (Rs. 6,000 cr), and 364-day (Rs. 6,000 cr)
  • Bid collection starts October 06, 2025 from 10:00 AM with 24-hour availability
  • Direct investors’ bid collection ends October 07, 2025 at 5:00 PM
  • Members’ bid collection ends October 08, 2025 at 8:00 AM
  • Minimum lot size: 100 units (Rs. 10,000 minimum amount)
  • Maximum bid amounts: Rs. 350 cr (91-day), Rs. 300 cr (182-day and 364-day)
  • Bidding platform: BSE iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)
  • Settlement date: October 09, 2025

Regulatory Changes

No regulatory changes. This circular is in continuation of Exchange circular no. 20180423-42 dated April 26, 2018 regarding the launch of non-competitive bidding facility for Government Securities auctions conducted by RBI.

Compliance Requirements

  • Trading members must use the NCB-GSec module of BSE’s iBBS platform for bidding
  • Members must ensure bid submission within specified timelines (by 8:00 AM on October 08, 2025)
  • Direct investors must submit bids by 5:00 PM on October 07, 2025
  • Adherence to minimum lot size of 100 units and maximum bid limits per security
  • Contact designated teams for user ID creation, bidding queries, or settlement-related issues

Important Dates

  • October 06, 2025: Bid collection opens at 10:00 AM
  • October 07, 2025: Bid collection closes for direct investors at 5:00 PM
  • October 08, 2025: Bid collection closes for members at 8:00 AM; Auction date
  • October 09, 2025: Settlement date

Impact Assessment

This is a routine operational circular with minimal market impact. The non-competitive bidding facility provides retail investors and trading members an opportunity to participate in Government of India Treasury Bill auctions without competing on price. The total issue size of Rs. 19,000 crores represents standard liquidity management operations. Impact is limited to debt market participants interested in short-term government securities. No impact on equity markets or specific stocks.

Impact Justification

Routine operational circular for T-Bill auction facility available to trading members and investors; standard recurring process with no regulatory changes or broad market impact.