RBI announced auction of State Government Securities totaling ₹12,700 crore across five states, scheduled for April 13, 2026.
Auction includes new issues (e.g., Bihar 25‑yr, Kerala 7‑yr) and re‑issues of Uttar Pradesh 7.46% (2037) and 7.88% (2046) securities.
Bids can be submitted competitively (10:30‑11:30 A.M.) or non‑competitively (10:30‑11:00 A.M.) via E‑Kuber, with results on April 13 and payment on April 15.
Securities qualify for SLR, have semi‑annual interest payments, and are eligible for ready‑forward facility, impacting market liquidity.