Description

BSE announces non-competitive bidding facility for RBI's auction of three Treasury Bills (91-day, 182-day, and 364-day) on November 26, 2025, with total issue size of ₹19,000 crores.

Summary

BSE has announced the availability of non-competitive bidding (NCB) facility for participating in the Reserve Bank of India’s auction of three Treasury Bills scheduled for November 26, 2025. This follows RBI’s press release dated November 21, 2025, regarding the Government of India’s plan to sell T-Bills worth ₹19,000 crores. Trading members can submit bids through BSE’s iBBS web-based system NCB-GSec module.

Key Points

  • Three T-Bills will be auctioned: 91-day (₹7,000 cr), 182-day (₹6,000 cr), and 364-day (₹6,000 cr)
  • Security symbols: 091T260226, 182T260526, and 364T261126
  • Minimum lot size: 100 units (₹10,000) for all three securities
  • Maximum bidding amount: ₹350 crores (91-day), ₹300 crores each (182-day and 364-day)
  • Bidding through BSE’s iBBS platform at https://ibbs.bseindia.com
  • Continuation of NCB facility launched via circular 20180423-42 dated April 26, 2018

Regulatory Changes

No regulatory changes. This is a routine operational circular providing details for an upcoming T-Bill auction using the existing non-competitive bidding framework.

Compliance Requirements

No new compliance requirements. Trading members interested in participating should:

  • Access the NCB-GSec module on iBBS platform
  • Submit bids within specified timelines
  • Ensure availability of funds for settlement on November 27, 2025
  • Contact BSE/ICCL teams for user ID creation, password resets, or clarifications

Important Dates

  • November 24, 2025, 10:00 AM: Bid collection starts (24-hour availability)
  • November 25, 2025, 5:00 PM: Bid collection ends for direct investors
  • November 26, 2025, 8:00 AM: Bid collection ends for members
  • November 26, 2025: Auction date
  • November 27, 2025: Settlement date

Impact Assessment

Minimal market impact. This is a standard operational procedure for government securities auctions. The circular provides trading members with an opportunity to participate in risk-free government securities investment through the non-competitive bidding route. No impact on equity markets or specific stocks. Relevant primarily for debt market participants and institutional investors seeking short-term government paper for liquidity management or investment purposes.

Contact Information

Impact Justification

Routine procedural circular for T-Bill auction participation through NCB facility. No regulatory changes or compliance requirements. Informational notice for trading members interested in government securities.