Description
BSE announces non-competitive bidding for two Government of India dated securities (6.68% GS 2040 and 6.90% GS 2065) to be auctioned on March 06, 2026, with bidding available via the NCB-GSec module on BSE's iBBS platform.
Summary
BSE has issued a notice (No. 20260304-2) informing trading members and direct investors of the non-competitive bidding window for two Government of India dated securities being auctioned by the RBI on March 06, 2026. Bidding is to be conducted through the NCB-GSec module on BSE’s iBBS web-based platform.
Key Points
- Two G-Sec instruments are available for non-competitive bidding: 6.68% GS 2040 (Symbol: 668GS40M26) and 6.90% GS 2065 (Symbol: 690GS65M26)
- Both securities are re-issues; issue sizes are ₹16,000 Cr and ₹13,000 Cr respectively
- Minimum subscription unit is 100 units; minimum amount is ₹10,000 and maximum is ₹2 crore per security
- Bidding platform: https://ibbs.bseindia.com » NCB-GSec module
- This circular is in continuation of Exchange circular no. 20180423-42 dated April 23, 2018
Regulatory Changes
No new regulatory changes introduced. This is an operational notice referencing the existing non-competitive bidding framework established under circular 20180423-42 and in response to an RBI press release dated March 02, 2026.
Compliance Requirements
- Trading members wishing to participate must use the NCB-GSec module on BSE’s iBBS platform
- Members must submit bids before March 06, 2026, 8:00 AM
- Direct investors must submit bids before March 05, 2026, 5:00 PM
- Contact Trading Operations for new user ID creation, password reset, or bidding-related queries
- Contact ICCL Operations for obligation and pay-in related queries
Important Dates
| Event | Date/Time |
|---|---|
| Bid Collection Start | March 04, 2026, 10:00 AM (24-hour availability) |
| Bid Collection End (Members) | March 06, 2026, 8:00 AM |
| Bid Collection End (Direct Investors) | March 05, 2026, 5:00 PM |
| Auction Date | March 06, 2026 |
| Settlement Date | March 09, 2026 |
Impact Assessment
This notice is relevant primarily to debt market participants and trading members who participate in government securities auctions via BSE. The two securities on offer — a 2040 and a 2065 maturity G-Sec — together represent ₹29,000 Cr in issue size, indicating significant government borrowing activity. There is no direct impact on equity markets. Trading members and direct investors should ensure timely bid submission through the iBBS platform to avoid missing the auction window.
Impact Justification
Routine operational notice for trading members regarding participation in a scheduled RBI auction of two re-issue G-Secs; relevant to debt market participants but does not affect equity markets or introduce regulatory changes.