Reserve Bank notifies an underwriting auction for the ₹34,000 crore re-issue of 6.94% GS 2036
16 October 2026
The Reserve Bank of India has notified an underwriting auction for the sale (re-issue) of 6.94% GS 2036 for a notified amount of ₹34,000 crore, to be held on Friday, October 16, 2026. Under the underwriting scheme notified on November 14, 2007, each Primary Dealer has a Minimum Underwriting Commitment of ₹810 crore and a minimum bidding commitment of ₹810 crore in the Additional Competitive Underwriting auction. The Additional Competitive Underwriting auction will be a multiple price based auction held on the same day. Primary Dealers must submit their bids electronically through the Reserve Bank's Core Banking Solution, e-Kuber, between 9:00 A.M. and 9:30 A.M. Underwriting commission is credited to each Primary Dealer's current account with the Reserve Bank on the day the security is issued.
In plain words
e-Kuber Core Banking Solution of the Reserve Bank of India — The electronic platform through which banks and Primary Dealers bid in Reserve Bank auctions.
ACU Additional Competitive Underwriting — The part of an underwriting auction in which Primary Dealers bid competitively beyond their minimum commitment.