Auction of State Government Securities
The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹29,050 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Assam 1000 Re-issue of 7.83% Assam SGS 2046, issued on April 29, 2026 Price 2. Bihar 2000 18 Yield 2000 Re-issue of 7.76% Bihar SGS 2051, issued on September 02, 2026 Price 3.…
The Indian government is auctioning state government securities with a combined face value of ₹29,050 crore. Ten states are participating in the auction, which will take place on November 9, 2026, using the Reserve Bank of India's Core Banking Solution system. Assam, Bihar, Chhattisgarh, Gujarat, Haryana, Jammu and Kashmir, Kerala, Mizoram, Nagaland, Odisha and Tamil Nadu each have securities up for sale.
For each state, the auction will allot up to ten percent of the notified sale amount to eligible individuals and institutions, with a maximum of one percent for a single bid per state. Individual investors can also participate through the Retail Direct portal. Both competitive and non-competitive bids must be submitted electronically on November 9.
The auction will allot stock in multiples of ₹10,000 with interest paid semi-annually until maturity. The investment in state government stocks is eligible for the statutory liquidity ratio under Section 24 of the Banking Regulation Act 1949. Queries about the auction should be directed to the Core Banking Operations Team or IDMD Auction Team.
Written by urgent.news from Reserve Bank of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
