Description

BSE announces non-competitive bidding facility for RBI auction of 6.48% GS 2035 government securities worth Rs. 32,000 crores on January 30, 2026.

Summary

BSE has announced the availability of non-competitive bidding (NCB) facility for trading members to participate in the RBI auction of Government of India dated securities scheduled for January 30, 2026. The auction will offer 6.48% GS 2035 securities worth Rs. 32,000 crores on a re-issue basis. Members can submit bids through the NCB-GSec module on BSE’s iBBS web-based platform.

Key Points

  • Security on offer: 6.48% GS 2035 (Re-issue)
  • Issue size: Rs. 32,000 crores
  • Minimum subscription: Rs. 10,000 in units of 100 and multiples thereof
  • Maximum subscription: Rs. 2 crores per bidder
  • Auction date: January 30, 2026
  • Settlement date: February 02, 2026
  • Bidding platform: BSE iBBS web-based system (NCB-GSec module) at https://ibbs.bseindia.com

Regulatory Changes

No regulatory changes. This circular follows the existing framework established by Exchange circular no. 20180423-42 dated April 23, 2018, regarding non-competitive bidding facility for Government Securities auctions.

Compliance Requirements

For Trading Members:

  • Access NCB-GSec module on BSE’s iBBS platform
  • Ensure user ID and password are active (contact Trading Operations for reset if needed)
  • Submit bids between January 27, 2026 (10:00 am) and January 30, 2026 (8:00 am)
  • Adhere to minimum amount of Rs. 10,000 and maximum amount of Rs. 2 crores
  • Fulfill pay-in obligations as per settlement schedule

For Direct Investors:

  • Bid collection deadline: January 29, 2026 till 5:00 pm

Important Dates

  • January 27, 2026 (10:00 am onwards): Bid collection start date (24 hours availability)
  • January 29, 2026 (5:00 pm): Bid collection end date for direct investors
  • January 30, 2026 (8:00 am): Bid collection end date for trading members
  • January 30, 2026: Auction date
  • February 02, 2026: Settlement date

Impact Assessment

Market Impact: Low - This is a routine government securities auction facility available to interested trading members and investors. It provides an opportunity to invest in government securities through non-competitive bidding.

Operational Impact: Low - Trading members already familiar with the NCB-GSec module can participate using existing infrastructure. The circular provides comprehensive contact details for technical support, bidding queries, and settlement-related issues.

Investment Opportunity: Members can participate in the auction for 6.48% GS 2035 securities with tenor extending to 2035, offering long-term fixed income investment options backed by the Government of India.

Impact Justification

Routine operational notice for G-sec auction participation through NCB facility; affects only members interested in government securities bidding