RBI State Government Securities Auction Result 2026
The Reserve Bank of India has officially released the detailed results of the yield and price-based auction of State Government Securities conducted on September 29, 2026. This comprehensive financial report outlines the total funds sought by various states, the amounts successfully accepted, and the corresponding cut-off prices and yields. Stakeholders, market participants, and financial analysts can review the state-wise allocations to understand the prevailing debt issuance trends across different state tenors.
Auction Overview and Financial Summary
During the recent auction held by the Reserve Bank of India, multiple state governments participated to raise capital through the issuance and re-issue of State Government Securities (SGS). A cumulative amount of ₹22,200 crore was scheduled to be raised across participating states. Out of this total figure, a successful aggregate amount of ₹19,200 crore was accepted through various cut-off prices and yields depending on the tenor and market demand for individual state bonds.
The auction process saw active participation from several states including Assam, Bihar, Chhattisgarh, Haryana, Jharkhand, Kerala, Madhya Pradesh, Sikkim, Tamil Nadu, Uttar Pradesh, Uttarakhand, and West Bengal. Specific notes from the auction indicate that Tamil Nadu did not accept any amount for its 10-year security and the re-issue of its 7.62% SGS 2041 issued previously on August 5, 2026.
Key Details of RBI State Government Securities Auction
| Feature | Details |
|---|---|
| Organization | Reserve Bank of India (RBI) |
| Event | Yield/Price Based Auction of State Government Securities |
| Publication Date | September 29, 2026 |
| Press Release Number | 2026-2027/1209 |
| Total Amount to be Raised | ₹22,200 Crore |
| Total Amount Accepted | ₹19,200 Crore |
| Official Website | https://www.rbi.org.in |
Important Dates Table
| Event Description | Date |
|---|---|
| Press Release Date | September 29, 2026 |
| Auction Date | September 29, 2026 |
State-Wise Breakdown and Performance
The auction results illustrate diverse borrowing costs and investor appetites across different state issuers. For instance, Assam raised and accepted ₹800 crore via a re-issue of its 2046 security at a cut-off price of 98.59 and a yield of 7.9724 percent. Bihar secured a total of ₹2,000 crore across multiple tenors, including a re-issue of its 2035 and 2051 securities. Meanwhile, states like West Bengal successfully raised a substantial total of ₹4,700 crore across three distinct securities with yields ranging from 7.6966 percent to 7.9867 percent.
Market participants should note that securities offered included both standard yield-based issuances and price-based re-issues of previously floated state bonds. The cut-off yields closely reflect current market liquidity and investor sentiment regarding sub-sovereign debt in India. Readers looking for further transactional specifics or historical records can visit the official Reserve Bank of India website to access complete archival reports and future auction schedules.
Frequently Asked Questions
What was the total amount to be raised in the RBI State Government Securities auction?
The total amount scheduled to be raised was ₹22,200 crore.
What was the total amount actually accepted in the auction?
A total amount of ₹19,200 crore was accepted by the participating states.
When was the auction result press release published?
The press release was published on September 29, 2026.
Did all participating states successfully accept bids?
No, Tamil Nadu did not accept any amount in the 10-year security and the re-issue of its 7.62% Tamil Nadu SGS 2041.
Where can readers find the official press release?
The official press release can be found on the Reserve Bank of India website at https://www.rbi.org.in.
Official Links
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