Description

BSE announces non-competitive bidding facility for three Treasury Bills (91-day, 182-day, and 364-day) totaling ₹29,000 crore to be auctioned by RBI on February 04, 2026.

Summary

BSE has announced the availability of non-competitive bidding (NCB) facility for three Treasury Bills to be auctioned by RBI on February 04, 2026. The auction comprises 91-day, 182-day, and 364-day T-Bills with a combined issue size of ₹29,000 crore. Trading members and direct investors can participate through BSE’s iBBS web-based NCB-GSec module.

Key Points

  • Three Treasury Bills available: 91-day (₹9,000 cr), 182-day (₹12,000 cr), and 364-day (₹8,000 cr)
  • Bidding through NCB-GSec module on iBBS platform (https://ibbs.bseindia.com)
  • Minimum lot: 100 units (₹10,000 minimum amount)
  • Maximum bid amounts: ₹450 cr (91-day), ₹600 cr (182-day), ₹400 cr (364-day)
  • Circular references RBI press release dated January 30, 2026
  • Continuation of NCB facility launched via circular 20180423-42 dated April 26, 2018

Regulatory Changes

No new regulatory changes. This circular provides operational details for an upcoming auction using the existing non-competitive bidding framework established in 2018.

Compliance Requirements

  • Trading members must use the NCB-GSec module of BSE’s iBBS system for bidding
  • Direct investors must submit bids by February 03, 2026, 5:00 PM
  • Members must submit bids by February 04, 2026, 8:00 AM
  • Minimum bid amount: ₹10,000 (100 units)
  • Bids must be in multiples of 100 units
  • Individual bid limits apply per security type

Important Dates

  • Bid Collection Start: February 02, 2026, 10:00 AM onwards (24-hour availability)
  • Direct Investor Bid Deadline: February 03, 2026, 5:00 PM
  • Member Bid Deadline: February 04, 2026, 8:00 AM
  • Auction Date: February 04, 2026
  • Settlement Date: February 05, 2026

Impact Assessment

Market Impact: Low - This is a routine government securities auction facilitated through BSE’s established NCB platform. It provides retail and institutional investors access to government debt instruments.

Operational Impact: Minimal - Trading members already familiar with the NCB-GSec module from previous auctions. Standard bidding procedures apply.

Investor Impact: Positive for debt investors seeking government-backed instruments with varying maturity periods (3 months to 1 year). The non-competitive facility allows smaller investors to participate without competing on yields.

Contact Information

Impact Justification

Routine operational circular providing bidding details for government securities auction through established NCB facility. No policy changes or market-wide impact.