Non-competitive bidding facility reserved for retail participation alongside a uniform price auction for re-issued government securities. Re-issue auction of a dated Government security will be conducted by the Reserve Bank of India by a price-based uniform price auction; competitive bidders pay the weighted uniform price plus accrued interest with results and payment dates set by the Bank. A Non-Competitive Bidding Facility reserves up to five percent of the notified amount for eligible retail and institutional investors, subject to eligibility, single-bid limits, intermediary submission rules, pro rata allocation if oversubscribed, and SGL-form issuance. Intermediaries must allocate securities transparently, may charge limited service fees, and comply with reporting requirements to the Reserve Bank.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Non-competitive bidding facility reserved for retail participation alongside a uniform price auction for re-issued government securities.
Re-issue auction of a dated Government security will be conducted by the Reserve Bank of India by a price-based uniform price auction; competitive bidders pay the weighted uniform price plus accrued interest with results and payment dates set by the Bank. A Non-Competitive Bidding Facility reserves up to five percent of the notified amount for eligible retail and institutional investors, subject to eligibility, single-bid limits, intermediary submission rules, pro rata allocation if oversubscribed, and SGL-form issuance. Intermediaries must allocate securities transparently, may charge limited service fees, and comply with reporting requirements to the Reserve Bank.
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