RBI State Securities Auction Raises ₹14,500 Cr

RBI announced May 12, 2026 auction of state government securities totaling ₹14,500 crore, with ₹14,185.55 crore subscribed overall.
Bihar fully subscribed at 100.55 price yielding 7.8684%, while Assam received partial subscription of 70.5% at 98.13 price (7.6192% yield).
Kerala, Madhya Pradesh, Tamil Nadu each saw full allotments across multiple issues with yields ranging 7.60%–7.86% and cut‑off prices near par (99.4‑100.1).
Smaller states Manipur, Meghalaya, Mizoram received full bids at yields 7.75%–7.85% for 7‑12 year tenors.