Document title: Underwriting Auction for Sale of Government Security for ₹34,000 crore on October 16, 2026
Issuing authority: Reserve Bank of India, Department of Communication
Reference number: Press Release: 2026-2027/1333
Date: October 15, 2026
Capital Markets and Flows
The Government of India has announced the re‑issue of a 6.94% Government Security maturing in 2036, with a total issue size of ₹34,000 crore. Under the underwriting scheme notified on 14 November 2007, each Primary Dealer (PD) is required to undertake a Minimum Underwriting Commitment (MUC) of ₹810 crore and an identical minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction. The auction will be conducted using a multiple price‑based method on 16 October 2026 (Friday).
Bids for the ACU auction must be submitted electronically through the RBI’s Core Banking Solution (e‑Kuber system) between 09:00 A.M. and 09:30 A.M. on the day of the underwriting auction. The underwriting commission earned by the PDs will be credited to their current accounts with the RBI on the day the security is issued.
Regulatory and Policy Measures
The auction proceeds under the extant underwriting commitment framework dated 14 November 2007, reaffirming the RBI’s role in facilitating government debt issuance through a structured primary dealer mechanism. The electronic bidding process via e‑Kuber underscores the RBI’s emphasis on transparent, efficient, and timely execution of sovereign debt auctions.
The RBI reiterates that the underwriting commission will be settled on the issue date, ensuring immediate liquidity for participating PDs.
This auction reflects the Government’s ongoing fiscal financing strategy and the RBI’s operational support for sovereign market operations.