The government, in consultation with the RBI, has increased the amount of treasury bills issued 1.95 lakh crore in the last month of the current financial year 2012. Earlier, the amount of issue was 1.45 lakh crore in March 2023. An increase in treasury bill issuance is likely to meet the short-term liquidity mismatch.
there are three Treasury bills The maturities up for auction in March are 91 days, 182 days and 364 days.
There will be five auctions in March—of which— 91 days treasury bills will be priced at Rs. 9,000 crore each, while 182 days and 364 days would be 16,000 crores and 14,000 crores respectively.
According to Finance MinistryThe first issuance of Treasury Bills after its auction on March 1 will be on March 2. The second auction will be held on March 8 and subsequently on March 9.
Similarly, the third auction will be held on March 15 and will be released on March 16.
There will be two more auctions on March 23rd and March 29th, and just like above, will be released on the very next days which will be March 24th and March 31st.
out of total 1.95 lakh crore, in all, to be collected in 91-day Treasury Bills 45,000 crores; 182-day Treasury Bills 80,000 crores; and 364-day Treasury bills 70,000 crores cumulatively.
FinMin said, “The Government of India, in consultation with the Reserve Bank of India, will have the flexibility to modify the notified amount and timing for auction of Treasury Bills, depending on the requirements of the Government of India, market conditions and other relevant factors.” factor, after giving due notice to the market.”
However, the ministry said, the calendar is subject to change if circumstances so warrant, including for reasons such as intervening holidays. Such changes, if any, will be informed through a press release.
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