Description

BSE announces non-competitive bidding facility for auction of three Treasury Bills (91-day, 182-day, and 364-day) conducted by RBI on February 04, 2026, with total issue size of Rs. 29,000 crore.

Summary

BSE has announced the availability of non-competitive bidding facility for participation in the auction of three Treasury Bills (T-Bills) to be conducted by RBI on February 04, 2026. The auction will include 91-day, 182-day, and 364-day T-Bills with a combined issue size of Rs. 29,000 crore. Trading members can place bids through the NCB-GSec module of BSE’s iBBS web-based system.

Key Points

  • Three T-Bills to be auctioned: 91-day (Rs. 9,000 Cr), 182-day (Rs. 12,000 Cr), and 364-day (Rs. 8,000 Cr)
  • Bid collection starts February 02, 2026 at 10:00 AM with 24-hour availability
  • Direct investors bid deadline: February 03, 2026 at 5:00 PM
  • Trading members bid deadline: February 04, 2026 at 8:00 AM
  • Minimum lot size: 100 units with minimum amount of Rs. 10,000 for all three T-Bills
  • Maximum bid limits: Rs. 450 Cr (91-day), Rs. 600 Cr (182-day), Rs. 400 Cr (364-day)
  • Auction date: February 04, 2026; Settlement date: February 05, 2026
  • Bidding platform: iBBS web-based system - NCB-GSec module (https://ibbs.bseindia.com)

Regulatory Changes

No regulatory changes. This circular continues the existing non-competitive bidding facility framework established via Exchange circular no. 20180423-42 dated April 26, 2018.

Compliance Requirements

  • Trading members must use the NCB-GSec module of BSE’s iBBS web-based system for bidding
  • Direct investors must submit bids by February 03, 2026 at 5:00 PM
  • Trading members must submit bids by February 04, 2026 at 8:00 AM
  • Bids must adhere to minimum lot sizes (100 units) and minimum amounts (Rs. 10,000)
  • Maximum bid limits per security must be respected

Important Dates

  • February 02, 2026: Bid collection starts at 10:00 AM
  • February 03, 2026: Bid collection ends for direct investors at 5:00 PM
  • February 04, 2026: Bid collection ends for members at 8:00 AM; Auction date
  • February 05, 2026: Settlement date

Impact Assessment

This is a routine operational circular with minimal market impact. It provides trading members and direct investors the opportunity to participate in the Government of India’s T-Bill auction through the non-competitive bidding route. The facility allows retail and smaller institutional investors to access government securities without competing with large institutional bidders. Total issue size of Rs. 29,000 crore represents standard government borrowing operations with no unusual market implications.

Impact Justification

Routine operational circular for T-Bill auction through non-competitive bidding facility. Standard process for debt market participants with no regulatory changes or market-wide impact.