Mumbai: Following a press release by the Reserve Bank of India (RBI) on April 9, 2025, the Government of India has scheduled an auction of State Development Loans (SDLs) for April 15, 2025. This also aligns with BSE’s earlier circular dated November 22, 2019, introducing a non-competitive bidding (NCB) facility for SDL auctions.
Bidding Details
The auction will be hosted on the BSE’s iBBS platform under the NCB-GSec module https://ibbs.bseindia.com. Bid submission for direct investors closes on April 14, while members can bid until 8:00 AM on April 15. The auction date is April 15, with settlement scheduled for April 16, 2025.