Description

BSE announces non-competitive bidding facility for RBI auction of three Treasury Bills (91-day, 182-day, and 364-day) totaling Rs. 29,000 crore on January 21, 2026.

Summary

BSE has announced the availability of non-competitive bidding facility for the RBI auction of three Treasury Bills scheduled for January 21, 2026. The auction includes 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs. 29,000 crore. Trading members can submit bids through the NCB-GSec module of BSE’s iBBS web-based system.

Key Points

  • Three Treasury Bills to be auctioned: 91-day (Rs. 9,000 Cr), 182-day (Rs. 12,000 Cr), and 364-day (Rs. 8,000 Cr)
  • Bidding available through NCB-GSec module on iBBS platform (https://ibbs.bseindia.com)
  • Minimum lot size: 100 units (Rs. 10,000 minimum amount) for all T-Bills
  • Maximum bid amounts: Rs. 450 Cr (91-day), Rs. 600 Cr (182-day), Rs. 400 Cr (364-day)
  • Security symbols: 091T220426 (91-day), 182T220726 (182-day), 364T21127 (364-day)
  • Settlement date: January 22, 2026
  • Facility operates under circular no. 20180423-42 dated April 26, 2018

Regulatory Changes

No regulatory changes. This circular provides operational details for an existing non-competitive bidding facility launched in April 2018.

Compliance Requirements

Trading members must:

  • Submit bids through the NCB-GSec module of iBBS web-based system
  • Ensure direct investor bids are collected by January 20, 2026, 5:00 PM
  • Submit member bids by January 21, 2026, 8:00 AM
  • Adhere to minimum lot sizes of 100 units and maximum bid limits per security
  • Complete settlement obligations on January 22, 2026

Important Dates

  • January 16, 2026: RBI press release announcing auction
  • January 19, 2026, 10:00 AM: Bid collection starts (24-hour availability)
  • January 20, 2026, 5:00 PM: Bid collection deadline for direct investors
  • January 21, 2026, 8:00 AM: Bid collection deadline for members
  • January 21, 2026: Auction date
  • January 22, 2026: Settlement date

Impact Assessment

This is a routine operational circular with minimal market impact. It facilitates participation in government securities auctions through BSE’s established non-competitive bidding platform. The circular is informational for debt segment participants and does not affect equity markets or introduce new compliance obligations. Contact information is provided for trading operations, bidding queries, and settlement-related support.

Impact Justification

Routine auction facility for government securities with standard bidding parameters; no market-wide impact or regulatory changes