Description

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

Summary

BSE has announced the availability of non-competitive bidding 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 (re-issue) worth Rs. 32,000 crore. Bidding will be conducted through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Security offered: 6.48% GS 2035 (Re-issue)
  • Issue size: Rs. 32,000 crore
  • Minimum subscription: Rs. 10,000 in units of Rs. 100 and multiples thereof
  • Maximum amount per bid: Rs. 2 crore
  • Bidding platform: iBBS web-based system NCB-GSec module (https://ibbs.bseindia.com)
  • Reference to RBI press release dated January 23, 2026
  • Continuation of facility launched via circular 20180423-42 dated April 23, 2018

Regulatory Changes

No new regulatory changes. This circular operationalizes the existing non-competitive bidding facility for the specific auction scheduled on January 30, 2026.

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module of iBBS system
  • Members must adhere to specified bidding timelines and amount limits
  • Obligation and pay-in requirements to be fulfilled as per ICCL guidelines

Important Dates

  • Bid Collection Start (24-hour availability): January 27, 2026 from 10:00 AM onwards
  • Bid Collection End (Direct Investors): January 29, 2026 till 5:00 PM
  • Bid Collection End (Members): January 30, 2026 till 8:00 AM
  • Auction Date: January 30, 2026
  • Settlement Date: February 2, 2026

Impact Assessment

This is a routine operational circular with minimal market impact. It provides trading members and direct investors an opportunity to participate in government securities auction through the non-competitive route. The facility is specifically for participants who wish to invest in G-secs without competing on yield. Contact details provided for technical support (Trading Operations), bidding queries, and settlement-related issues through ICCL Operations.

Impact Justification

Routine operational circular for G-sec auction participation through NCB facility. Limited to trading members and direct investors interested in government securities. No market-wide impact or regulatory changes.