Document title: Underwriting Auction for sale of Government Security for ₹34,000 crore on September 25, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/1177
Date: September 24, 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. The securities will be sold through a multiple price‑based underwriting auction scheduled for 25 September 2026 (Friday). Under the underwriting commitment scheme notified on 14 November 2007, each Primary Dealer (PD) is required to undertake a Minimum Underwriting Commitment (MUC) of ₹810 crore, which is also the minimum bidding commitment per PD under the Additional Competitive Underwriting (ACU) auction.
Regulatory and Policy Measures
Bids for the ACU auction must be submitted electronically via the Reserve Bank of India'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 each PD will be credited to its current account with the RBI on the day the security is issued.
The RBI’s announcement sets out the procedural framework and financial parameters for the ₹34,000 crore government securities underwriting auction, ensuring transparent participation of Primary Dealers and prompt credit of underwriting commissions.