The Reserve Bank of India’s full auction result shows that bids were received across all three Treasury Bill tenors, but no competitive or non-competitive bids were marked as accepted. The notified amount across the 91-day, 182-day and 364-day instruments totalled ₹23,000 crore.
BKK Bureau, New Delhi | 21 October 2026 | 8:27 PM IST
The Reserve Bank of India has reported that no bids were accepted in the Treasury Bill auction covering 91-day, 182-day and 364-day instruments. The central bank’s full auction result, published on October 21, 2026, records zero accepted amounts for both competitive and non-competitive bids across all three maturities.
The notified amount for the auction was ₹8,000 crore for 91-day Treasury Bills, ₹8,000 crore for 182-day Treasury Bills and ₹7,000 crore for 364-day Treasury Bills. Taken together, the notified amount across the three categories was ₹23,000 crore.
Competitive bids were received for each tenor. The 91-day category received 67 competitive bids amounting to ₹15,366.600 crore. The 182-day category received 63 bids amounting to ₹18,925.500 crore, while the 364-day category received 75 bids amounting to ₹11,352.500 crore.
Across the three maturities, the auction received 205 competitive bids with a combined value of ₹45,644.600 crore. However, the result table shows no competitive bids accepted in any category. It also records no partial allotment percentage and no weighted average price or yield for the competitive bids.
Non-competitive bids were also recorded for all three maturities. The 91-day Treasury Bills received 10 non-competitive bids amounting to ₹12,028.759 crore. The 182-day category received five bids worth ₹1,712.416 crore, and the 364-day category received four bids worth ₹1,683.571 crore.
The combined value of non-competitive bids received was ₹15,424.746 crore across 19 bids. The RBI’s table shows zero non-competitive bids accepted for each tenor and does not provide a partial allotment percentage for this category.
Combining the competitive and non-competitive submissions, the three auction categories received bids worth ₹61,069.346 crore. The release does not list a cut-off price or yield for any of the maturities because the corresponding fields are marked with dashes. It also does not record any accepted amount under either bidding route.
The result was issued by the RBI’s Communications Department and carries Press Release number 2026-2027/1360. Ajit Prasad, Deputy General Manager in the Communications Department, is listed on the release.
Key auction figures
- 91-day notified amount: ₹8,000 crore; competitive bids received: ₹15,366.600 crore; non-competitive bids received: ₹12,028.759 crore.
- 182-day notified amount: ₹8,000 crore; competitive bids received: ₹18,925.500 crore; non-competitive bids received: ₹1,712.416 crore.
- 364-day notified amount: ₹7,000 crore; competitive bids received: ₹11,352.500 crore; non-competitive bids received: ₹1,683.571 crore.
- Accepted competitive and non-competitive bids: zero across all three maturities.
Why it matters
The RBI’s result establishes that the auction received substantial bids across all three Treasury Bill maturities, while the published acceptance fields remained at zero. The release also provides no cut-off yields or accepted allotments for the auction.
Source: Reserve Bank of India
Report discrepancies
Comments