Description

RBI announces auction of two government dated securities (6.01% GS 2030 and New GS 2076) totaling Rs 31,000 crore through non-competitive bidding facility on BSE's NCB-GSec module.

Summary

BSE has announced the availability of non-competitive bidding for two Government of India dated securities (G-secs) scheduled for auction by RBI on January 16, 2026. Trading members can participate through the NCB-GSec module of BSE’s iBBS web-based bidding platform. The auction includes 6.01% GS 2030 (Rs 18,000 crore re-issue) and New GS 2076 (Rs 13,000 crore re-issue), with settlement on January 19, 2026.

Key Points

  • Two G-secs available for auction: 6.01% GS 2030 (Rs 18,000 cr) and New GS 2076 (Rs 13,000 cr)
  • Both securities are re-issues with minimum subscription units of 100 and multiples thereof
  • Minimum bid amount: Rs 10,000; Maximum bid amount: Rs 2 crore per security
  • Bidding platform: BSE’s iBBS NCB-GSec module (https://ibbs.bseindia.com)
  • 24-hour bid collection facility available for trading members
  • Reference to Exchange circular 20180423-42 dated April 23, 2018 for NCB facility framework

Regulatory Changes

No new regulatory changes. This circular operationalizes the existing non-competitive bidding facility established through Exchange circular dated April 23, 2018 for RBI’s G-sec auctions.

Compliance Requirements

  • Trading members interested in participating must submit bids through the NCB-GSec module by January 16, 2026, 8:00 am
  • Direct investors must submit bids by January 15, 2026, 5:00 pm
  • Bids must comply with minimum (Rs 10,000) and maximum (Rs 2 crore) amount limits
  • Subscription in units of 100 and multiples thereof only
  • Contact Trading Operations for user ID creation or password reset before bidding deadline

Important Dates

  • January 13, 2026, 10:00 am: Bid collection starts (24-hour availability)
  • January 15, 2026, 5:00 pm: Bid collection end for direct investors
  • January 16, 2026, 8:00 am: Bid collection end for trading members
  • January 16, 2026: Auction date
  • January 19, 2026: Settlement date

Impact Assessment

This is a routine operational circular with minimal market impact. It facilitates participation of retail and institutional investors in government securities auctions through the non-competitive bidding route, which is an established process. The circular primarily serves as a notification to debt market participants about upcoming G-sec auction opportunities. No impact on equity markets or specific stocks. Relevant only to participants interested in fixed-income government securities investment.

Impact Justification

Routine operational circular for government securities auction through established non-competitive bidding process. Relevant only to debt market participants interested in G-secs.