Description

BSE announces non-competitive bidding facility for RBI auction of Government of India dated security 6.48% GS 2035 worth Rs. 32,000 crore on January 02, 2026.

Summary

BSE has announced the availability of non-competitive bidding (NCB) facility for trading members and direct investors to participate in the Reserve Bank of India’s auction of Government of India dated security scheduled for January 02, 2026. The auction will offer 6.48% GS 2035 (re-issue) worth Rs. 32,000 crore. Bidding will be conducted through BSE’s iBBS web-based NCB-GSec module with different deadlines for members and direct investors.

Key Points

  • RBI announced auction of one GoI dated security (6.48% GS 2035) on January 02, 2026
  • Total issue size: Rs. 32,000 crore (re-issue)
  • Non-competitive bidding facility available through BSE’s iBBS NCB-GSec module
  • Minimum subscription: 100 units with multiples thereof
  • Minimum bid amount: Rs. 10,000
  • Maximum bid amount: Rs. 2 crore
  • Reference to existing circular 20180423-42 dated April 23, 2018 regarding NCB facility launch

Regulatory Changes

No new regulatory changes. This circular operationalizes the existing non-competitive bidding framework established in April 2018 for the upcoming G-sec auction.

Compliance Requirements

For Trading Members:

  • Submit bids through NCB-GSec module at https://ibbs.bseindia.com
  • Ensure bid submission before deadline: January 02, 2026, 8:00 am
  • Adhere to minimum (Rs. 10,000) and maximum (Rs. 2 crore) bid limits
  • Contact specified teams for user ID creation, password reset, or bidding queries

For Direct Investors:

  • Submit bids through the NCB-GSec module
  • Earlier deadline applies: January 01, 2026, 5:00 pm
  • Same bid amount restrictions apply

Important Dates

  • December 30, 2025, 10:00 am: Bid collection starts (24-hour availability)
  • January 01, 2026, 5:00 pm: Bid collection end for direct investors
  • January 02, 2026, 8:00 am: Bid collection end for trading members
  • January 02, 2026: Auction date
  • January 05, 2026: Settlement date

Impact Assessment

Market Impact: Minimal. This is a routine operational notice for participants in government securities market.

Operational Impact: Low. Affects only trading members and investors who wish to participate in G-sec auctions through the non-competitive route. The infrastructure and processes are already established.

Target Audience: Debt segment trading members and retail/direct investors interested in government securities investments.

Contact Points Provided:

Impact Justification

Routine procedural notice for G-sec auction participation through non-competitive bidding facility. Affects only members/investors interested in participating in government securities auction. No market-wide impact or regulatory changes.