{
  "id": 14694522,
  "title": "Auction of State Government Securities",
  "url": "https://urgent.news/2026/10/15/auction-of-state-government-securities",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T12:44:54.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63814"
  },
  "original_language": "en",
  "account": "The Indian government is auctioning State Government Securities for a total face value of ₹24,400 Crore. Andhra Pradesh, Goa, Gujarat, Jammu and Kashmir, Madhya Pradesh, Maharashtra, Meghalaya, Punjab, Rajasthan, Telangana and Tripura have offered securities for sale. The auctions will be conducted via the Reserve Bank of India's E-Kuber system on October 19, 2026. Each state has offered securities with varying tenors, yields and prices. Individuals and institutions can invest up to ten percent of the notified sale amount, with a maximum of one percent per stock per bid. Individual investors can also participate through the Retail Direct portal. Competitive bids are to be submitted between 10:30 A.M. and 11:30 A.M., while non-competitive bids are between 10:30 A.M. and 11:00 A.M. In case of technical difficulties, physical bids can be submitted to the Public Debt Office. The interest rates for new stocks are determined by RBI at the time of auction and payments are made semi-annually. For re-issued stocks, interest rates are determined at the date of original issue and payments are also semi-annual. The stocks are governed by the Government Securities Act, 2006 and the Government Securities Regulations, 2007. They qualify for the ready forward facility and are considered eligible investments by banks for SLR purposes.",
  "summary": "The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹24,400 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 Re-issue of 7.68% Andhra Pradesh SGS 2051, issued on July 29, 2026 Price 2. Goa 200 Re-issue of 7.80% Goa SGS 2037, issued on September 16, 2026 Price 3. Gujarat 1000…",
  "key_points": [
    "Indian government auctions State Government Securities worth ₹24,400 Crore.",
    "Auctions conducted via E-Kuber system on October 19, 2026.",
    "Individuals and institutions can invest up to 10% of sale amount."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}