Document title: Underwriting Auction for Sale of Government Securities for ₹32,000 crore on August 07, 2026
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/821
Date: August 06, 2026
Capital Markets and Flows
The Government of India has announced the re‑issue of government securities amounting to ₹32,000 crore through an underwriting auction to be held on August 07, 2026 (Friday). Two issues are being offered: a 6.36% Government Security maturing in 2031 with a notified amount of ₹21,000 crore, and a 7.71% Government Security maturing in 2066 with a notified amount of ₹11,000 crore. Under the underwriting scheme notified on 14 November 2007, each Primary Dealer (PD) must meet a Minimum Underwriting Commitment (MUC) of ₹500 crore for the 6.36% GS 2031 and ₹262 crore for the 7.71% GS 2066. The same amounts constitute the minimum bidding commitment under the Additional Competitive Underwriting (ACU) auction for each PD.
The auction will be conducted using a multiple price‑based method. PDs may submit their ACU bids 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 the PDs will be credited to their current accounts with the RBI on the day the securities are issued.
Regulatory and Policy Measures
The underwriting commitments are governed by the scheme notified on 14 November 2007, which defines both the MUC and the minimum ACU bidding commitments for each primary dealer. The use of the e‑Kuber system for electronic bid submission reflects the RBI’s ongoing digitalisation of market infrastructure. Credit of underwriting commissions to PDs’ current accounts on the issue date ensures prompt settlement and aligns with the RBI’s operational guidelines for government securities auctions.
The auction represents a routine exercise under the RBI’s mandate to facilitate government borrowing and maintain orderly functioning of the debt market.