Description

BSE announces non-competitive bidding facility for auction of three Treasury Bills (91-day, 182-day, and 364-day) scheduled for November 12, 2025, with aggregate issue size of Rs. 19,000 crore.

Summary

BSE has announced the availability of Non-Competitive Bidding (NCB) facility for the auction of three Treasury Bills scheduled for November 12, 2025. This follows the RBI press release dated November 07, 2025, announcing the Government of India’s decision to sell Treasury Bills. Trading members can participate through the NCB-GSec module on BSE’s iBBS web-based system. The total issue size is Rs. 19,000 crore across three tenors.

Key Points

  • Three Treasury Bills will be auctioned: 91-day (Rs. 7,000 crore), 182-day (Rs. 6,000 crore), and 364-day (Rs. 6,000 crore)
  • Bidding platform: BSE iBBS web-based system (https://ibbs.bseindia.com) » NCB-GSec module
  • Minimum lot size: 100 units with minimum amount of Rs. 10,000 for all three T-Bills
  • Maximum bidding limits: Rs. 350 crore (91-day), Rs. 300 crore (182-day and 364-day)
  • Bid collection starts November 11, 2025 from 10:00 AM (24-hour availability)
  • Settlement date: November 13, 2025
  • Circular references Exchange circular no. 20180423-42 dated April 26, 2018 regarding NCB facility launch

Regulatory Changes

No new regulatory changes. This circular implements the existing non-competitive bidding framework for government securities auctions as per the April 2018 circular.

Compliance Requirements

  • Trading members must use the NCB-GSec module on BSE iBBS platform for bidding
  • Direct investors must submit bids by November 11, 2025 till 5:00 PM
  • Members must submit bids by November 12, 2025 till 8:00 AM
  • Participants must adhere to minimum lot size (100 units) and minimum amount (Rs. 10,000)
  • Maximum bidding limits per tenor must be observed

Important Dates

  • November 11, 2025, 10:00 AM: Bid collection starts
  • November 11, 2025, 5:00 PM: Bid collection deadline for direct investors
  • November 12, 2025, 8:00 AM: Bid collection deadline for members
  • November 12, 2025: Auction date
  • November 13, 2025: Settlement date

Impact Assessment

This is a routine treasury bill auction notification with low market impact. The non-competitive bidding facility provides retail and institutional investors access to government securities auctions. The aggregate issue size of Rs. 19,000 crore is part of the government’s regular borrowing program. No impact on equity markets or individual stocks. Relevant primarily for debt market participants, fixed income investors, and treasury operations of financial institutions.

Contact Information

New user ID creation or password reset:

Bidding related queries:

Obligation & Pay-in queries:

Impact Justification

Routine treasury bill auction notification with standard non-competitive bidding facility. Medium importance for debt market participants but low impact on equity markets.