**Executive Summary**
This press release from the Reserve Bank of India, dated February 17, 2026, announces the results of the yield/price-based auction of State Government Securities (SGS). The auction aimed to raise ₹37,900 crore, with ₹39,450 crore being accepted. The securities have various tenors and cutoff yields/prices.
**Key Points / Main Content**
* **Auction Results:**
* Total amount to be raised: ₹37,900 crore.
* Total amount accepted: ₹39,450 crore.
* **State-wise Details:**
* Details are provided for the following states: Andhra Pradesh, Assam, Gujarat, Haryana, Jammu and Kashmir, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Tamil Nadu, Tripura, Uttar Pradesh, Uttarakhand and West Bengal.
* Each state's accepted amount, cutoff price/yield, and tenor are specified.
* **Security Re-issuance:**
* Several states are re-issuing existing SGS with specific coupon rates and maturity dates.
* **Additional Amounts Accepted:**
* Gujarat accepted an additional ₹500 crore in the 05-year and 06-month security.
* Maharashtra accepted an additional ₹350 crore each in 6.90% Maharashtra SGS 2030, 7.44% Maharashtra SGS 2034 and 7.54% Maharashtra SGS 2037.
**Impact Analysis**
**State Governments**
* **Impact:** State governments can access funds through the issuance of SGS.
* **Action Required:** Manage finances based on the amounts raised through the auction and the corresponding interest obligations.
**Investors (Banks, Financial Institutions, etc.)**
* **Impact:** Investors can purchase SGS, providing investment opportunities with varying yields and tenors.
* **Action Required:** Evaluate the yields and tenors of the SGS and make investment decisions based on their portfolio strategy.
**Reserve Bank of India (RBI)**
* **Impact:** The RBI manages the auction process, contributing to the overall financial stability of the government.
* **Action Required:** Monitor market response to the auction results and adjust monetary policy as necessary.
Key Entities Referenced
State Government Securities: Securities issued by various State Governments in India
Reserve Bank of India: India's central bank, which conducts auctions of state government securities
State Governments (various): The subnational entities issuing the securities (e.g., Andhra Pradesh, Assam)