Home / Business and Economy / RBI Auctions Rs 14,500 Crore State Bonds April 28
RBI Auctions Rs 14,500 Crore State Bonds April 28
27 Apr
Summary
- RBI to auction Rs 14,500 crore in state government securities.
- Auction includes securities from Assam, UP, Kerala, and more.
- Auction uses electronic bidding via RBI's E-Kuber platform.
The Reserve Bank of India (RBI) has announced an auction for State Government Securities (SGS) totaling Rs 14,500 crore, scheduled for April 28, 2026.
This issuance will see participation from several states, including Assam, Bihar, Chhattisgarh, Kerala, Madhya Pradesh, Uttar Pradesh, and Uttarakhand. They will offer a mix of fresh and re-issued securities with tenors ranging from 3 to 23 years.
The auction will be conducted electronically via the RBI's E-Kuber platform. Both competitive and non-competitive bids are due on the auction day, with distinct submission times for each type of participant.
Retail investors have access to the non-competitive bidding facility through the RBI Retail Direct platform, with up to 10% of the notified amount reserved for them.
Auction results will be declared on the same day, and successful bidders must complete payment by April 29, 2026. Newly issued securities will carry interest rates determined at the auction, payable semi-annually.
Investments in these State Government Securities are considered eligible assets for banks' Statutory Liquidity Ratio requirements and can be used for repo transactions.
