State Securities Auction, ₹12,700 Crore Accepted
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, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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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