Description

BSE announces non-competitive bidding facility for RBI auction of three Treasury Bills (91-day, 182-day, and 364-day) totaling Rs 19,000 crore on October 29, 2025.

Summary

BSE has announced the availability of non-competitive bidding facility for the RBI auction of three Treasury Bills scheduled for October 29, 2025. The Government of India will sell 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs 19,000 crore. Trading members and direct investors can place bids through BSE’s iBBS web-based NCB-GSec module starting October 27, 2025.

Key Points

  • Three Treasury Bills offered: 91-day (Rs 7,000 cr), 182-day (Rs 6,000 cr), and 364-day (Rs 6,000 cr)
  • Minimum lot size: 100 units with minimum amount Rs 10,000 for all three securities
  • Maximum bid amounts: Rs 350 cr (91-day), Rs 300 cr (182-day and 364-day)
  • Bidding through BSE’s iBBS platform NCB-GSec module at https://ibbs.bseindia.com
  • Bid collection available 24 hours from October 27, 2025 at 10:00 am
  • Settlement on October 30, 2025 (T+1)

Regulatory Changes

No regulatory changes. This circular continues the existing non-competitive bidding facility launched through Exchange circular no. 20180423-42 dated April 26, 2018.

Compliance Requirements

  • Trading members must submit bids by October 29, 2025 at 8:00 am
  • Direct investors must submit bids by October 28, 2025 at 5:00 pm
  • All bids must be placed through BSE’s iBBS web-based system NCB-GSec module
  • Members must ensure compliance with minimum lot size (100 units) and minimum amount (Rs 10,000)
  • Maximum bid limits per security must be observed

Important Dates

  • October 24, 2025: RBI press release announcing auction
  • October 27, 2025, 10:00 am: Bid collection starts (24-hour availability)
  • October 28, 2025, 5:00 pm: Bid collection deadline for direct investors
  • October 29, 2025, 8:00 am: Bid collection deadline for members
  • October 29, 2025: Auction date
  • October 30, 2025: Settlement date

Impact Assessment

Market Impact: Minimal. This is a routine debt market operation for government securities. Treasury Bill auctions are standard monetary policy tools and do not directly affect equity markets or listed companies.

Operational Impact: Low. Only affects trading members and investors who wish to participate in the non-competitive bidding for government securities. The facility is optional and provides an alternative channel to primary dealers for T-Bill investment.

Investor Impact: Provides retail and institutional investors access to government securities through the non-competitive route, allowing participation without competing with primary dealers. Maximum investment caps ensure broad participation.

Impact Justification

Routine operational circular for non-competitive bidding in government securities auction. Limited to trading members and direct investors participating in T-Bill auctions. No impact on equity trading or listed companies.