Description
BSE announces non-competitive bidding facility for three Treasury Bills (91-day, 182-day, 364-day) to be auctioned by RBI on May 13, 2026, with bidding available via the NCB-GSec module on iBBS platform.
Summary
BSE has announced the availability of the Non-Competitive Bidding (NCB) facility for the Government of India’s auction of three Treasury Bills on May 13, 2026. The auction was announced by RBI via press release dated May 08, 2026. Trading members and direct investors can place bids through BSE’s NCB-GSec module on the iBBS web-based platform.
Key Points
- Three Treasury Bills are available for non-competitive bidding: 91-Day, 182-Day, and 364-Day T-Bills
- Bidding is conducted through the NCB-GSec module at https://ibbs.bseindia.com
- All three T-Bills are new issuances (not reissues)
- Minimum lot size is Rs. 100 with bids in multiples thereof; minimum bid amount is Rs. 10,000
- Maximum bid amounts: Rs. 600 Cr (91-Day), Rs. 300 Cr (182-Day), Rs. 300 Cr (364-Day)
- This facility operates under the framework established by Exchange circular no. 20180423-42 dated April 26, 2018
Regulatory Changes
No new regulatory changes. This circular is a routine operational notice under the existing non-competitive bidding framework for government securities auctions conducted by RBI.
Compliance Requirements
- Trading members must use the iBBS platform (NCB-GSec module) to submit bids on behalf of clients
- Members must ensure bids are submitted before May 13, 2026 at 8:00 am
- Direct investors must submit bids by May 12, 2026 at 5:00 pm
- Minimum bid amount of Rs. 10,000 must be adhered to, with bids in multiples of Rs. 100
- Maximum individual bid caps per security must be observed
Important Dates
- May 11, 2026, 10:00 am: Bid collection opens (24-hour availability)
- May 12, 2026, 5:00 pm: Bid collection closes for Direct Investors
- May 13, 2026, 8:00 am: Bid collection closes for Trading Members
- May 13, 2026: Auction Date
- May 14, 2026: Settlement Date
Impact Assessment
| Security | Symbol | Issue Size (Cr) | Min Lot | Min Amt (Rs.) | Max Amt (Cr) |
|---|---|---|---|---|---|
| 91 Day T-Bill | 091T120826 | 12,000 | 100 | 10,000 | 600 |
| 182 Day T-Bill | 182T111126 | 6,000 | 100 | 10,000 | 300 |
| 364 Day T-Bill | 364T130527 | 6,000 | 100 | 10,000 | 300 |
This circular impacts participants in the debt segment, particularly trading members and retail/institutional investors seeking to access government T-Bills through the non-competitive bidding route. The total issue size across all three instruments is Rs. 24,000 Cr, representing a significant liquidity event for the short-term government securities market. Settlement occurs on May 14, 2026 (T+1).
Impact Justification
Routine periodic notice enabling trading members and direct investors to participate in RBI's T-Bill auction via BSE's non-competitive bidding platform; affects debt segment participants but is an established recurring process.