**Summary:**
On August 12, 2025, the Reserve Bank of India (RBI) released the results of a yield-price-based auction of State Government Securities (SDLs). The total notified amount was ₹8450 crore, and the total amount accepted was also ₹8450 crore.
The auction included securities from the following states:
* **Bihar:** ₹2000 crore accepted, cut-off yield of 7.43%, tenor of 30 years.
* **Goa:** ₹100 crore accepted, cut-off yield of 7.12%, tenor of 11 years (Reissue of 8.62 Haryana SDL 2028, issued on September 03, 2018).
* **Haryana:** ₹1000 crore accepted, cut-off price of 105.96, cut-off yield of 6.4377%.
* **Jammu and Kashmir:** ₹350 crore accepted, cut-off yield of 7.35%, tenor of 15 years.
* **Maharashtra:** Four tranches were issued, all reissues of existing SGS:
* ₹1000 crore accepted, cut-off price of 98.07, cut-off yield of 7.3248% (Reissue of Maharashtra SGS 2045, issued on July 09, 2025).
* ₹1000 crore accepted, cut-off price of 98.11, cut-off yield of 7.3170% (Reissue of Maharashtra SGS 2046, issued on July 09, 2025).
* ₹1000 crore accepted, cut-off price of 97.07, cut-off yield of 7.4171% (Reissue of Maharashtra SGS 2054, issued on August 06, 2025).
* ₹1000 crore accepted, cut-off price of 96.92, cut-off yield of 7.4173% (Reissue of Maharashtra SGS 2055, issued on August 06, 2025).
* **Telangana:** ₹1000 crore accepted, cut-off yield of 7.33%, tenor of 35 years.
For further information, contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001; email: helpdoc@rbi.org.in; Phone: 022-2266 0502. The press release number is 2025-2026/890. Ajit Prasad, Deputy General Manager, Communications, issued the release. The RBI website is www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the country's monetary policy and financial system.
State Government Securities: Debt instruments issued by state governments to raise funds from the market.
Bihar: A state in eastern India that participated in the auction of State Government Securities.
Goa: A state in western India that participated in the auction of State Government Securities.
Haryana: A state in northern India that participated in the auction of State Government Securities.
Jammu and Kashmir: A union territory in northern India that participated in the auction of State Government Securities.
Maharashtra: A state in western India that participated in the auction of State Government Securities.
Telangana: A state in southern India that participated in the auction of State Government Securities.