State borrowing to rise 26% to ₹3.6 tn in Q3 under new issuance strategy: ICRA
26 states and UTs have adopted the RBI's Benchmark Issuance Strategy (BIS), making up 77% of the total planned borrowing in Q3. The BIS was introduced on a pilot basis in Q1 FY27 and requires participating states to issue securities within specified maturity buckets, instead of random tenors.
We haven't written up this one. Live Mint has the full story — the link below goes straight to it.