Description

BSE announces non-competitive bidding facility for RBI's auction of three Treasury Bills (91-day, 182-day, and 364-day) totaling Rs 29,000 crore on January 14, 2026.

Summary

BSE has announced the availability of non-competitive bidding facility for trading members to participate in the RBI auction of Treasury Bills scheduled for January 14, 2026. The Government of India will auction three T-Bills with maturities of 91 days, 182 days, and 364 days, totaling Rs 29,000 crore. Bidding will be conducted through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Three Treasury Bills will be auctioned: 91-day (Rs 9,000 cr), 182-day (Rs 12,000 cr), and 364-day (Rs 8,000 cr)
  • Total auction size: Rs 29,000 crore
  • Non-competitive bidding available through BSE’s iBBS platform NCB-GSec module
  • Bid collection opens January 12, 2026 at 10:00 AM (24-hour availability)
  • Minimum lot size: 100 units (Rs 10,000 minimum amount)
  • Maximum bid limits: Rs 450 cr (91-day), Rs 600 cr (182-day), Rs 400 cr (364-day)
  • Settlement date: January 16, 2026

Regulatory Changes

No regulatory changes. This circular is issued in continuation of Exchange circular no. 20180423-42 dated April 26, 2018, which launched the non-competitive bidding facility for government securities auctions.

Compliance Requirements

For Trading Members:

  • Access iBBS platform at https://ibbs.bseindia.com for bidding through NCB-GSec module
  • Submit bids for members by January 14, 2026, 8:00 AM
  • Ensure minimum bid amount of Rs 10,000 (100 units)
  • Adhere to maximum bid limits per security

For Direct Investors:

  • Submit bids by January 13, 2026, 5:00 PM

Contact Points:

Important Dates

  • January 12, 2026, 10:00 AM: Bid collection starts
  • January 13, 2026, 5:00 PM: Bid collection deadline for direct investors
  • January 14, 2026, 8:00 AM: Bid collection deadline for trading members
  • January 14, 2026: Auction date
  • January 16, 2026: Settlement date

Impact Assessment

Market Impact: Minimal. This is a routine operational circular facilitating participation in government securities auctions.

Operational Impact: Low. Trading members and investors already familiar with the non-competitive bidding process can participate using existing infrastructure. The circular provides standard bidding parameters and timelines.

Affected Parties: Debt market participants, trading members, and direct investors interested in Treasury Bills investment through BSE’s platform.

Impact Justification

Routine operational circular for debt market participants regarding T-Bill auction bidding process with no material market impact or regulatory changes