May 22, 2026

Auction of State Government Securities

Relevant Extracted Data –

  • Aggregate offering: ₹13,450 crore of State Government Securities (face value) to be auctioned on May 26, 2026 via RBI’s Core Banking Solution (E‑Kuber).
  • State‑wise issue details:
  • Assam – ₹750 crore, re‑issue of 7.62 % SGS 2041 (price auction).
  • Bihar – ₹1,200 crore, re‑issue of 7.69 % SGS 2035 (price) and a separate 15‑year issue (yield auction).
  • Chhattisgarh – ₹500 crore each for 7.68 % SGS 2036 and 7.82 % SGS 2048 (price auctions).
  • Gujarat – ₹1,000 crore each for 10‑year and 12‑year issues (yield auctions).
  • Kerala – ₹1,800 crore, re‑issue of 7.83 % SGS 2049 (price auction).
  • Madhya Pradesh – ₹1,600 crore (7.64 % SGS 2034) and ₹1,200 crore (7.83 % SGS 2048) (price auctions).
  • Uttar Pradesh – ₹1,000 crore (7.72 % SGS 2036) and ₹700 crore (7.62 % SGS 2041) (price auctions).
  • Uttarakhand – ₹500 crore (price) and ₹500 crore 18‑year yield auction.
  • Auction mechanics: Competitive bids can be submitted at specified yields or prices (up to two decimal places). Non‑competitive bidding allowed up to 10 % of each issue, with a maximum of 1 % per single bid for retail investors via the Retail Direct portal.
  • Result and payment timeline: Auction results to be announced on May 26, 2026; successful bidders to receive payment on May 27, 2026 during banking hours.
  • Interest payment schedule: New securities will pay semi‑annual interest on November 27 and May 27 each year. Re‑issued securities will continue with the original issue’s interest schedule.
  • Regulatory and liquidity implications: Investments qualify as eligible securities for banks’ Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949, and are eligible for the ready‑forward facility.

Contact information: Technical issues – Core Banking Operations Team (email cbot@rbi.org.in, phones 022‑69870466 / 022‑69870415). Auction‑related issues – IDMD Auction Team (email auctionidmd@rbi.org.in, phones 022‑22702431 / 022‑22705125). Physical bids (in case of system failure) to be submitted to the Public Debt Office (email bids@rbi.org.in, phones 022‑22603456 / 022‑22603457 / 022‑22603190).

Prepared by: Ajit Prasad, Deputy General Manager, Press Release 2026‑2027/320 (Communications).