Non-competitive bidding in government securities enables retail participation with allocation at the weighted average auction price. Notification prescribes re-issue of 7.50 per cent Government Stock, 2034 by uniform price auction through the Reserve Bank of India, with a reserved non-competitive allotment within the notified amount. Non-competitive participation is limited to investors without RBI current/SGL accounts (with specified exceptions), subject to a single-bid face-value cap and submission via banks or primary dealers; allotment to non-competitive bidders is at the weighted average auction rate with pro rata allocation if oversubscribed and shortfall reverting to the competitive portion.
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 in government securities enables retail participation with allocation at the weighted average auction price.
Notification prescribes re-issue of 7.50 per cent Government Stock, 2034 by uniform price auction through the Reserve Bank of India, with a reserved non-competitive allotment within the notified amount. Non-competitive participation is limited to investors without RBI current/SGL accounts (with specified exceptions), subject to a single-bid face-value cap and submission via banks or primary dealers; allotment to non-competitive bidders is at the weighted average auction rate with pro rata allocation if oversubscribed and shortfall reverting to the competitive portion.
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