Changeflow GovPing Banking & Finance State Securities Auction, ₹12,700 Crore Accepted
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State Securities Auction, ₹12,700 Crore Accepted

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Summary

The Reserve Bank of India (RBI) announced the results of a yield/price based auction of state government securities conducted on April 13, 2026. A total of ₹12,700 crore was accepted across five states: Bihar, Chhattisgarh, Kerala, Madhya Pradesh, and Uttar Pradesh. The auction covered multiple tenors ranging from 5 to 30 years, with cut-off yields between 7.37% and 7.92%.

What changed

The RBI published results of the April 13, 2026 state government securities auction. All five participating states (Bihar, Chhattisgarh, Kerala, Madhya Pradesh, Uttar Pradesh) had their full requested amounts accepted, totaling ₹12,700 crore across multiple debt instruments with tenors ranging from 5 to 30 years.

This is a routine administrative announcement of completed auction results. It does not create new compliance obligations or regulatory requirements for financial institutions or other parties. The document is informational in nature, documenting the outcome of monetary operations conducted by the RBI.

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Apr 14, 2026

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Press Releases

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| Date : Apr 13, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Result of Yield/Price Based Auction of State Government Securities | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | \| Sr. No \| State \| Amount to be raised
(₹ Crore) \| Amount Accepted
(₹ Crore) \| Cut off Price (₹)/
Yield (%) \| Tenor
(Year) \|
\| 1. \| Bihar \| 1600 \| 1600 \| 7.92 \| 25 \|
\| 2. \| Chhattisgarh \| 500 \| 500 \| 7.37 \| 05 \|
\| 500 \| 500 \| 7.83 \| 14 \| \| \|
\| 3. \| Kerala \| 400 \| 400 \| 7.60 \| 07 \|
\| 1000 \| 1000 \| 7.81 \| 11 \| \| \|
\| 1400 \| 1400 \| 7.86 \| 16 \| \| \|
\| 4. \| Madhya Pradesh \| 1200 \| 1200 \| 7.86 \| 16 \|
\| 600 \| 600 \| 7.90 \| 30 \| \| \|
\| 5. \| Uttar Pradesh \| 1500 \| 1500 \| 7.60 \| 07 \|
\| 2000 \| 2000 \| 97.33/7.8107 \| Re-issue of 7.46% Uttar Pradesh SGS 2037, issued on December 17, 2025 \| \| \|
\| 2000 \| 2000 \| 99.60/7.9195 \| Re-issue of 7.88% Uttar Pradesh SGS 2046, issued on March 25, 2026 \| \| \|
\| \| Total \| 12700 \| 12700 \| \| \|
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/76 | Sr. No | State | Amount to be raised
(₹ Crore) | Amount Accepted
(₹ Crore) | Cut off Price (₹)/
Yield (%) | Tenor
(Year) | 1. | Bihar | 1600 | 1600 | 7.92 | 25 | 2. | Chhattisgarh | 500 | 500 | 7.37 | 05 | 500 | 500 | 7.83 | 14 | 3. | Kerala | 400 | 400 | 7.60 | 07 | 1000 | 1000 | 7.81 | 11 | 1400 | 1400 | 7.86 | 16 | 4. | Madhya Pradesh | 1200 | 1200 | 7.86 | 16 | 600 | 600 | 7.90 | 30 | 5. | Uttar Pradesh | 1500 | 1500 | 7.60 | 07 | 2000 | 2000 | 97.33/7.8107 | Re-issue of 7.46% Uttar Pradesh SGS 2037, issued on December 17, 2025 | 2000 | 2000 | 99.60/7.9195 | Re-issue of 7.88% Uttar Pradesh SGS 2046, issued on March 25, 2026 | | Total | 12700 | 12700 | | |
| Sr. No | State | Amount to be raised
(₹ Crore) | Amount Accepted
(₹ Crore) | Cut off Price (₹)/
Yield (%) | Tenor
(Year) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1. | Bihar | 1600 | 1600 | 7.92 | 25 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2. | Chhattisgarh | 500 | 500 | 7.37 | 05 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 500 | 500 | 7.83 | 14 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3. | Kerala | 400 | 400 | 7.60 | 07 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1000 | 1000 | 7.81 | 11 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1400 | 1400 | 7.86 | 16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 4. | Madhya Pradesh | 1200 | 1200 | 7.86 | 16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 600 | 600 | 7.90 | 30 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5. | Uttar Pradesh | 1500 | 1500 | 7.60 | 07 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2000 | 2000 | 97.33/7.8107 | Re-issue of 7.46% Uttar Pradesh SGS 2037, issued on December 17, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2000 | 2000 | 99.60/7.9195 | Re-issue of 7.88% Uttar Pradesh SGS 2046, issued on March 25, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total | 12700 | 12700 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Sr. No | State | Amount to be raised
(₹ Crore) | Amount Accepted
(₹ Crore) | Cut off Price (₹)/
Yield (%) | Tenor
(Year) |
| 1. | Bihar | 1600 | 1600 | 7.92 | 25 |
| 2. | Chhattisgarh | 500 | 500 | 7.37 | 05 |
| 500 | 500 | 7.83 | 14 | | |
| 3. | Kerala | 400 | 400 | 7.60 | 07 |
| 1000 | 1000 | 7.81 | 11 | | |
| 1400 | 1400 | 7.86 | 16 | | |
| 4. | Madhya Pradesh | 1200 | 1200 | 7.86 | 16 |
| 600 | 600 | 7.90 | 30 | | |
| 5. | Uttar Pradesh | 1500 | 1500 | 7.60 | 07 |
| 2000 | 2000 | 97.33/7.8107 | Re-issue of 7.46% Uttar Pradesh SGS 2037, issued on December 17, 2025 | | |
| 2000 | 2000 | 99.60/7.9195 | Re-issue of 7.88% Uttar Pradesh SGS 2046, issued on March 25, 2026 | | |
| | Total | 12700 | 12700 | | |
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/76 | Sr. No | State | Amount to be raised
(₹ Crore) | Amount Accepted
(₹ Crore) | Cut off Price (₹)/
Yield (%) | Tenor
(Year) | 1. | Bihar | 1600 | 1600 | 7.92 | 25 | 2. | Chhattisgarh | 500 | 500 | 7.37 | 05 | 500 | 500 | 7.83 | 14 | 3. | Kerala | 400 | 400 | 7.60 | 07 | 1000 | 1000 | 7.81 | 11 | 1400 | 1400 | 7.86 | 16 | 4. | Madhya Pradesh | 1200 | 1200 | 7.86 | 16 | 600 | 600 | 7.90 | 30 | 5. | Uttar Pradesh | 1500 | 1500 | 7.60 | 07 | 2000 | 2000 | 97.33/7.8107 | Re-issue of 7.46% Uttar Pradesh SGS 2037, issued on December 17, 2025 | 2000 | 2000 | 99.60/7.9195 | Re-issue of 7.88% Uttar Pradesh SGS 2046, issued on March 25, 2026 | | Total | 12700 | 12700 | | |
| | Sr. No | State | Amount to be raised
(₹ Crore) | Amount Accepted
(₹ Crore) | Cut off Price (₹)/
Yield (%) | Tenor
(Year) |
| 1. | Bihar | 1600 | 1600 | 7.92 | 25 |
| 2. | Chhattisgarh | 500 | 500 | 7.37 | 05 |
| 500 | 500 | 7.83 | 14 | | |
| 3. | Kerala | 400 | 400 | 7.60 | 07 |
| 1000 | 1000 | 7.81 | 11 | | |
| 1400 | 1400 | 7.86 | 16 | | |
| 4. | Madhya Pradesh | 1200 | 1200 | 7.86 | 16 |
| 600 | 600 | 7.90 | 30 | | |
| 5. | Uttar Pradesh | 1500 | 1500 | 7.60 | 07 |
| 2000 | 2000 | 97.33/7.8107 | Re-issue of 7.46% Uttar Pradesh SGS 2037, issued on December 17, 2025 | | |
| 2000 | 2000 | 99.60/7.9195 | Re-issue of 7.88% Uttar Pradesh SGS 2046, issued on March 25, 2026 | | |
| | Total | 12700 | 12700 | | |
Ajit Prasad
Deputy General Manager
(Communications)

Press Release: 2026-2027/76 | Sr. No | State | Amount to be raised
(₹ Crore) | Amount Accepted
(₹ Crore) | Cut off Price (₹)/
Yield (%) | Tenor
(Year) | 1. | Bihar | 1600 | 1600 | 7.92 | 25 | 2. | Chhattisgarh | 500 | 500 | 7.37 | 05 | 500 | 500 | 7.83 | 14 | 3. | Kerala | 400 | 400 | 7.60 | 07 | 1000 | 1000 | 7.81 | 11 | 1400 | 1400 | 7.86 | 16 | 4. | Madhya Pradesh | 1200 | 1200 | 7.86 | 16 | 600 | 600 | 7.90 | 30 | 5. | Uttar Pradesh | 1500 | 1500 | 7.60 | 07 | 2000 | 2000 | 97.33/7.8107 | Re-issue of 7.46% Uttar Pradesh SGS 2037, issued on December 17, 2025 | 2000 | 2000 | 99.60/7.9195 | Re-issue of 7.88% Uttar Pradesh SGS 2046, issued on March 25, 2026 | | Total | 12700 | 12700 | | | |
| Sr. No | State | Amount to be raised
(₹ Crore) | Amount Accepted
(₹ Crore) | Cut off Price (₹)/
Yield (%) | Tenor
(Year) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1. | Bihar | 1600 | 1600 | 7.92 | 25 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2. | Chhattisgarh | 500 | 500 | 7.37 | 05 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 500 | 500 | 7.83 | 14 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 3. | Kerala | 400 | 400 | 7.60 | 07 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1000 | 1000 | 7.81 | 11 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 1400 | 1400 | 7.86 | 16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 4. | Madhya Pradesh | 1200 | 1200 | 7.86 | 16 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 600 | 600 | 7.90 | 30 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 5. | Uttar Pradesh | 1500 | 1500 | 7.60 | 07 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2000 | 2000 | 97.33/7.8107 | Re-issue of 7.46% Uttar Pradesh SGS 2037, issued on December 17, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| 2000 | 2000 | 99.60/7.9195 | Re-issue of 7.88% Uttar Pradesh SGS 2046, issued on March 25, 2026 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Total | 12700 | 12700 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

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Last updated

Classification

Agency
RBI
Published
April 13th, 2026
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
Press Release: 2026-2027/76

Who this affects

Applies to
Government agencies Banks Investors
Industry sector
9211 Government & Public Administration
Activity scope
Government securities auction Debt issuance
Geographic scope
IN IN

Taxonomy

Primary area
Banking
Operational domain
Finance
Topics
Securities Financial Services

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