RBI Auction Sets Massive ₹34,000 Crore Government Security Sale on July 31, 2026
The Reserve Bank of India (RBI) has announced a significant Underwriting Auction for the sale and re-issue of Government Security, scheduled for Friday, July 31, 2026. This auction is set to facilitate the issuance of security valued at ₹34,000 crore. The process details are outlined for Primary Dealers (PDs) under the existing underwriting commitment framework.Details of the Government Security Offering
The securities up for sale are specified as the 6.94% GS 2036. This offering forms part of the established scheme committed under the notification dated November 14, 2007. The RBI is conducting this transaction through a multi-price based method.Primary Dealer Commitments and Bidding Process
The auction mandates specific commitments from all participating Primary Dealers (PDs). Under the current structure, the Minimum Underwriting Commitment (MUC) for each PD has been set at ₹810 crore. Similarly, the minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction is also mandated at ₹810 crore per PD.Conducting the Electronic Auction via RBI Platforms
Primary Dealers are required to submit their bids electronically through the Reserve Bank of India Core Banking Solution (e-Kuber system). The timing for bid submission has been tightly set, with participation open from 09:00 A.M. to 09:30 A.M. on the day of the underwriting auction.Underwriting Commission Settlement Process
The financial mechanism for the Primary Dealers remains clear and structured. The undertaking states that the underwriting commission earned by the respective PDs will be credited directly to their current account with RBI. This settlement is scheduled to occur on the day the security is issued.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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