Description

BSE announces non-competitive bidding facility for auction of three Treasury Bills (91-day, 182-day, and 364-day) totaling ₹34,000 crore on February 11, 2026.

Summary

BSE has announced the availability of non-competitive bidding facility for the auction of three Treasury Bills scheduled for February 11, 2026, following RBI’s press release dated February 06, 2026. Trading members can participate through the NCB-GSec module of BSE’s iBBS web-based system. The auction covers 91-day, 182-day, and 364-day T-Bills with a total issue size of ₹34,000 crore.

Key Points

  • Three T-Bills to be auctioned: 91-day (₹14,000 cr), 182-day (₹12,000 cr), and 364-day (₹8,000 cr)
  • Bidding platform: BSE iBBS web-based system NCB-GSec module at https://ibbs.bseindia.com
  • Minimum lot size: 100 units (₹10,000) for all three securities
  • Maximum bidding limits: ₹700 cr (91-day), ₹600 cr (182-day), ₹400 cr (364-day)
  • Bid collection starts February 09, 2026 at 10:00 am with 24-hour availability
  • Settlement date: February 12, 2026

Regulatory Changes

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

Compliance Requirements

  • Trading members must submit bids through the NCB-GSec module of BSE’s iBBS system
  • Direct investors must complete bidding by February 10, 2026 at 5:00 pm
  • Trading members must complete bidding by February 11, 2026 at 8:00 am
  • All bids subject to minimum lot of 100 units and maximum amount caps per security

Important Dates

  • February 06, 2026: RBI press release announcing auction
  • February 09, 2026, 10:00 am: Bid collection starts (24-hour availability begins)
  • February 10, 2026, 5:00 pm: Bid collection deadline for direct investors
  • February 11, 2026, 8:00 am: Bid collection deadline for trading members
  • February 11, 2026: Auction date
  • February 12, 2026: Settlement date

Impact Assessment

Limited impact - this is a routine operational circular for debt market participants. The non-competitive bidding facility provides an additional avenue for trading members and direct investors to participate in government T-Bill auctions. The circular affects only those participants interested in investing in government securities through the non-competitive route. No changes to equity markets or broader trading operations. Contact information provided for technical support: Trading Operations (user.trdops@bseindia.com, trading.ops@bseindia.com) and ICCL Operations (Collaterals@icclindia.com, settlements@icclindia.com).

Impact Justification

Routine operational circular for debt market participants regarding T-Bill auction bidding facility. No regulatory changes or broad market impact.