Description

BSE announces non-competitive bidding facility for RBI's auction of three Treasury Bills (91-day, 182-day, and 364-day) totaling Rs. 19,000 crore on November 12, 2025.

Summary

BSE has announced the non-competitive bidding facility for Government of India’s auction of three Treasury Bills scheduled for November 12, 2025, as per RBI’s press release dated November 07, 2025. Trading members can participate through the NCB-GSec module of BSE’s iBBS web-based system. The auction covers 91-day, 182-day, and 364-day T-Bills with a total issue size of Rs. 19,000 crore.

Key Points

  • Three T-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: NCB-GSec module on iBBS (https://ibbs.bseindia.com)
  • Minimum lot size: 100 units with minimum amount Rs. 10,000 for all three securities
  • Maximum bid limits: Rs. 350 crore (91-day), Rs. 300 crore (182-day and 364-day)
  • Bid collection starts 24 hours in advance from November 11, 2025 at 10:00 AM
  • Settlement will occur on November 13, 2025 (T+1)

Regulatory Changes

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

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module of BSE’s iBBS system
  • Direct investors must submit bids by November 11, 2025 till 5:00 PM
  • Trading members must submit bids by November 12, 2025 till 8:00 AM
  • Members must ensure compliance with minimum lot size (100 units) and maximum bid limits
  • Contact designated BSE/ICCL teams for user ID creation, bidding queries, or settlement-related issues

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 trading members
  • November 12, 2025: Auction date
  • November 13, 2025: Settlement date

Impact Assessment

This is a routine operational circular for debt market participants. The impact is limited to trading members and investors participating in government securities auctions. The facility provides access to RBI’s T-Bill auctions through BSE’s platform, maintaining existing market infrastructure. No impact on equity markets or listed companies. The total issue size of Rs. 19,000 crore represents standard government borrowing operations with no unusual market implications.

Impact Justification

Routine operational circular for debt segment participants regarding T-Bill auction bidding facility. No regulatory changes or broad market impact.