Banking and RBI
RBI releases draft Master Direction on secondary market transactions in G-Secs; T-bill calendar for July-September
The RBI on 25 June 2026 released the draft Master Direction - Reserve Bank of India (Secondary Market Transactions in Government Securities) Directions, 2026, inviting comments from banks, market participants and investors by 17 July 2026.
The RBI also released the Treasury Bills auction calendar for July-September 2026. The first auction is on 1 July 2026 (issue 2 July) for Rs 24,000 crore in total: Rs 9,000 crore of 91-day, Rs 8,000 crore of 182-day and Rs 7,000 crore of 364-day bills, with the same notified amounts shown for the following weekly auctions read.
- Draft Master Direction: secondary market transactions in G-Secs; comments by 17 July 2026
- T-bill calendar: July to September 2026
- Weekly notified amount: Rs 24,000 crore (91-day 9,000; 182-day 8,000; 364-day 7,000)
- First auction: 1 July 2026, issue 2 July
Exam takeaway: Treasury Bills are short-term government securities of 91, 182 and 364 days.
Quick revision: RBI draft G-Sec secondary market Master Direction and T-bill calendar, 25 June 2026.
Reserve Bank of India original source
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