RBI Announces Results of State Government Securities Auction

The Reserve Bank of India (RBI) has announced the results of the State Government Securities (SGS) auction held on June 16, 2026. A total of ₹21,600 crore was notified for auction, with ₹20,461.29 crore allotted across competitive and non-competitive bids. Gujarat declined to accept any amount for its 12-year security.

The auction included securities from multiple states, such as Andhra Pradesh, Assam, Maharashtra, Punjab, Rajasthan, Telangana, and Uttarakhand, with varying tenors ranging from 6 to 30 years. Competitive bids received totaled ₹69,037.4 crore, out of which ₹19,626.252 crore were accepted. Non-competitive bids amounted to ₹949.633 crore, with ₹835.038 crore accepted.

Key highlights include Andhra Pradesh's full allotment of ₹1,800 crore for its 2042 and 2056 securities, and Maharashtra's ₹1,600 crore allotment for its 2034 security. Punjab accepted a partial amount of ₹934.159 crore for its 7-year security, while Uttarakhand accepted ₹427.131 crore for its 9-year security.

The weighted average yield varied across securities, with Andhra Pradesh's 6-year security yielding 7.28% and Punjab's 2041 security yielding 7.8171%. These results reflect the diverse borrowing strategies of states and the demand dynamics in the government securities market.

The auction process is a critical mechanism for states to raise funds for developmental projects and fiscal management. The RBI, as the central authority, ensures transparency and efficiency in these auctions, which are vital for state-level financial planning.

Key Points

• RBI conducted a State Government Securities auction on June 16, 2026.
• ₹21,600 crore was notified; ₹20,461.29 crore was allotted.
• Competitive bids totaled ₹69,037.4 crore; ₹19,626.252 crore accepted.
• Gujarat declined its 12-year security; Punjab and Uttarakhand accepted partial amounts.
• Weighted average yields varied, with Andhra Pradesh's 6-year security at 7.28%.

FAQ

Which state declined to accept any amount in the auction?

Gujarat declined to accept any amount for its 12-year security.

What was the total amount allotted in the auction?

A total of ₹20,461.29 crore was allotted across bids.

Source: Reserve Bank of India press release, Tue, 16 Jun 2026 17:00:00. https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62945