Description

BSE announces non-competitive bidding facility for three Treasury Bills (91-day, 182-day, and 364-day) to be auctioned by RBI on January 28, 2026, with total issue size of Rs. 29,000 crore.

Summary

BSE has notified trading members about the availability of non-competitive bidding facility for the upcoming Treasury Bills auction scheduled by the Government of India on January 28, 2026. The auction will offer three T-Bills (91-day, 182-day, and 364-day) with a combined issue size of Rs. 29,000 crore. Members can participate through BSE’s NCB-GSec module on the 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 available through BSE’s iBBS web-based NCB-GSec module at https://ibbs.bseindia.com
  • Minimum lot size of 100 units and multiples thereof for all three T-Bills
  • Minimum bid amount: Rs. 10,000 per security
  • Maximum bid amounts: Rs. 450 cr (91-day), Rs. 600 cr (182-day), Rs. 400 cr (364-day)
  • Facility available in continuation of Exchange circular no. 20180423-42 dated April 26, 2018

Regulatory Changes

No regulatory changes. This is a routine operational announcement for an existing non-competitive bidding facility launched in 2018.

Compliance Requirements

Trading members wishing to participate must:

  • Access the NCB-GSec module through BSE’s iBBS platform
  • Submit bids within specified timelines (different for direct investors and members)
  • Ensure minimum investment of Rs. 10,000 per security
  • Comply with maximum bid limits as specified for each T-Bill
  • Contact designated BSE teams for new user ID creation, password reset, or bidding queries

Important Dates

  • January 23, 2026, 10:00 AM: Bid collection starts (24-hour availability)
  • January 27, 2026, 5:00 PM: Bid collection ends for direct investors
  • January 28, 2026, 8:00 AM: Bid collection ends for members
  • January 28, 2026: Auction date
  • January 29, 2026: Settlement date

Impact Assessment

This is a routine operational circular with minimal market impact. It facilitates debt market participants’ access to government securities through the non-competitive bidding route. The announcement provides standard procedural information for an existing facility and does not introduce any new policies or requirements. Impact is limited to debt market participants interested in Treasury Bill investments through BSE’s platform.

Impact Justification

Routine treasury bill auction announcement through non-competitive bidding facility. Standard operational circular for debt market participants with no policy changes or broad market impact.