✎ Underwriting auction for ₹34,000 crore G-Sec on Sep 25, 2026 involves PDs with MUC/ACU commitments of ₹810 crore each.
Relevance for Banking, SSC & RBI Grade B exams: Economy
The Reserve Bank of India (RBI) will conduct an underwriting auction on September 25, 2026, for the sale of a government security—6.94% GS 2036—amounting to ₹34,000 crore. This re-issue will be managed through a multiple price-based method, where Primary Dealers (PDs) can submit bids electronically via the RBI’s e-Kuber system between 9:00 AM and 9:30 AM on the auction day. Each PD has a minimum underwriting commitment (MUC) of ₹810 crore and an additional competitive underwriting (ACU) bidding commitment of ₹810 crore. The underwriting commission will be credited to the PDs’ RBI current accounts on the day of security issuance. This auction is part of the government’s borrowing program and reflects the RBI’s role in managing liquidity and ensuring smooth market operations.
For banking and financial services aspirants preparing for exams like Bank PO, IBPS, SBI, RBI Grade B, and SSC, this auction is significant as it highlights key concepts such as government securities, underwriting mechanisms, and the RBI’s auction processes. Understanding the structure of MUC and ACU, the bidding process, and the role of Primary Dealers is crucial for exams covering monetary policy, public finance, and financial markets. For SSC aspirants, especially those appearing for exams like CGL or CHSL, this note provides insight into government financial operations and the RBI’s regulatory functions, which are often tested in the general awareness sections.
Source: RBI
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