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RBI Sets Rs 32,000 Crore G-Sec Auction for April 24 with Underwriting Rules

The Reserve Bank of India has announced an auction for Government Securities totaling Rs 32,000 crore scheduled for April 24, 2026. The sale includes the issuance and reissuance of four distinct bond categories with varying maturities and notified amounts. Primary Dealers have specific Minimum Underwriting Commitment amounts, set at Rs 262 crore for the 2029 and 2033 securities and Rs 120 crore for the longer-dated 2055 and 2056 bonds. The underwriting auction will use a multiple price-based method, with bids submitted electronically through the RBI's e-Kuber system during a strict 30-minute window.

Key Points: RBI Auction: Rs 32,000 Crore Govt Securities Sale on April 24

  • Rs 32,000 crore total notified amount
  • Four securities: 2029, 2033, 2055, 2056 tenures
  • MUC of Rs 262 crore for shorter-term bonds
  • ACU bids via e-Kuber between 9:00-9:30 AM
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RBI schedules underwriting auction for Rs 32,000 crore government securities on April 24

RBI schedules underwriting auction for Rs 32,000 crore in government bonds across four tenures. Details on MUC, ACU commitments for Primary Dealers.

"The underwriting auction will be conducted through multiple price-based method on April 24, 2026 (Friday) - Reserve Bank of India"

New Delhi, April 23

The Government of India announced the sale of Government Securities totaling Rs 32,000 crore through an auction scheduled for April 24, 2026. This involves both the issuance and reissuance of four distinct categories of securities, according to the Reserve Bank of India.

The RBI stated that, "As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under."

The 6.03 per cent GS 2029 and the 6.68 per cent GS 2033 securities each carry a notified amount of Rs 11,000 crore. Additionally, the government intends to raise Rs 5,000 crore through the 7.24 per cent GS 2055 bonds and another Rs 5,000 crore via the New GOI SGrB 2056.

For the securities maturing in 2029 and 2033, the Minimum Underwriting Commitment per Primary Dealer is fixed at Rs 262 crore. The same amount applies as the minimum bidding commitment under the Additional Competitive Underwriting auction for these specific papers.

Meanwhile, for the longer-dated 2055 and 2056 securities, the MUC and minimum bidding commitment are set at Rs 120 crore per Primary Dealer.

"The underwriting auction will be conducted through multiple price-based method on April 24, 2026 (Friday)," the RBI noted regarding the procedural aspects of the sale.

Primary Dealers must submit their bids for the ACU auction through the Reserve Bank of India Core Banking Solution, also known as the e-Kuber system. The operational window for these electronic submissions is strictly scheduled between 09:00 A.M. and 09:30 A.M. on the day of the auction.

"The underwriting commission will be credited to the current account of the respective PDs with RBI on the day of issue of securities," the central bank said, clarifying the settlement process for the participating entities.

- ANI

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Reader Comments

P
Priya S
Rs 32,000 crore is a significant amount. I appreciate the RBI's transparency in detailing the MUC and ACU process. It helps build confidence in our financial markets.
A
Aman W
As a small investor, I always look at these G-Sec auctions. The 6.68% GS 2033 looks decent. Does anyone know if retail investors can participate directly, or only through mutual funds?
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Sarah B
The technical details are a bit complex for a layperson, but it's clear the system is robust. The strict 30-minute window on e-Kuber shows how automated and precise these operations have become.
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Vikram M
While the process seems efficient, I have a respectful critique. The notification refers to a scheme from 2007. Shouldn't there be a review? Financial markets have evolved massively since then. Just a thought.
K
Karthik V
Solid move. This helps manage the fiscal deficit in a transparent way. The different commitments for short (₹262 cr) and long-term (₹120 cr) bonds make sense based on risk. RBI ka kaam hi aisa hona chahiye! 👍

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