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 Reserve Bank of India’s auction of three Treasury Bills scheduled for January 14, 2026. The Government of India will sell 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs. 29,000 crore through the NCB-GSec module on BSE’s iBBS platform.

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)
  • Bidding platform: NCB-GSec module of BSE’s iBBS web-based system at https://ibbs.bseindia.com
  • Minimum lot size: 100 units (Rs. 10,000 minimum amount)
  • Maximum bidding limits: Rs. 450 cr (91-day), Rs. 600 cr (182-day), Rs. 400 cr (364-day)
  • Bid collection starts January 12, 2026 from 10:00 AM (24-hour availability)
  • Settlement date: January 16, 2026

Regulatory Changes

No regulatory changes. This circular is in continuation of existing Exchange circular no. 20180423-42 dated April 26, 2018 regarding the launch of non-competitive bidding facility for Government Securities auctions.

Compliance Requirements

  • Trading members wishing to participate must submit bids through the NCB-GSec module
  • Direct investors must submit bids by January 13, 2026 till 5:00 PM
  • Trading members must submit bids by January 14, 2026 till 8:00 AM
  • Minimum bid amount: Rs. 10,000 in multiples of Rs. 100
  • Maximum bid limits per security must be adhered to

Important Dates

  • January 12, 2026: Bid collection opens at 10:00 AM
  • January 13, 2026: Bid collection closes for direct investors at 5:00 PM
  • January 14, 2026: Bid collection closes for members at 8:00 AM; Auction date
  • January 16, 2026: Settlement date

Impact Assessment

This is a routine treasury bill auction announcement with low market impact. The non-competitive bidding facility provides an opportunity for BSE trading members and retail investors to participate in government securities auctions without competing on price. The total issue size of Rs. 29,000 crore is part of the government’s regular borrowing program. No changes to existing processes or operational impact on market participants beyond those already participating in such auctions.

Impact Justification

Routine treasury bill auction announcement with standard non-competitive bidding facility for debt market participants. No regulatory changes or market-wide impact.