**Executive Summary**
This press release from the Reserve Bank of India, dated February 10, 2026, announces the results of the Yield/Price Based Auction of State Government Securities (SGS). It details the amount to be raised, the amount accepted, the cut-off price/yield, and the tenor for each participating state. Several states have re-issued securities with specific issue dates in February and March of 2024 and 2026.
**Key Points / Main Content**
* **Auction Results:**
* Lists the state-wise results for the auction of State Government Securities.
* Provides the 'Amount to be raised (₹ Crore)', 'Amount Accepted (₹ Crore)', 'Cut off Price (₹)/Yield (%)', and 'Tenor (Year)' for each state.
* **State-Specific Details:**
* Assam: Accepted ₹1000 crore with a yield of 7.87% for a 20-year tenor and accepted ₹1500 crore with a yield of 7.86% for a 13-year tenor
* Bihar: Accepted ₹1500 crore with a yield of 7.77% for a 26-year tenor.
* Chhattisgarh: Accepted ₹1000 crore with a yield of 7.5617% for a 10-year tenor (Re-issue of 7.49% Chhattisgarh SGS 2035, issued on March 27, 2024).
* Gujarat: Accepted ₹1000 crore with a yield of 7.59% for a 10-year tenor and accepted ₹1500 crore with a yield of 7.02% for a 05-year tenor
* Haryana: Accepted ₹1500 crore with a yield of 7.78% for a 14-year tenor and accepted ₹1500 crore with a yield of 7.83% for a 17-year tenor.
* Karnataka: Accepted ₹2000 crore with a yield of 7.19% for a 6.5-year tenor and accepted ₹2000 crore with a yield of 7.5393% for a 9.5-year tenor (Re-issue of 7.49% Karnataka SGS 2035, issued on February 04, 2026).
* Madhya Pradesh: Accepted varying amounts across different tenors with different yields.
* Maharashtra: Accepted amounts for reissue of Maharashtra SGS 2030 and 2034 with yields 6.8702% and 7.4396% respectively, both issued on Feb 4, 2026.
* Mizoram: Accepted ₹115 crore with a yield of 7.85% for a 16-year tenor and accepted 0 for 23-year tenor.
* Punjab: Accepted ₹2000 crore with a yield of 7.77% for a 12-year tenor.
* Tamil Nadu: Accepted ₹1000 crore with a yield of 7.31% for a 7-year tenor; Accepted ₹1000 crore with a yield of 7.54% for a 10-year tenor; Accepted ₹1000 crore with a yield of 7.58% for a 11-year tenor. Re-issue of 7.61% Tamil Nadu SGS 2056, issued on February 04, 2026.
* Telangana: Accepted varying amounts across different tenors with different yields.
* Uttar Pradesh: Accepted ₹1500 crore with a yield of 7.6296% for a 17-year tenor (Re-issue of 7.60% Uttar Pradesh SGS 2037, issued on February 04, 2026).
* West Bengal: Accepted varying amounts across different tenors with different yields.
* **Additional Acceptances and Partial Amounts:**
* Gujarat accepted an additional ₹500 crore in the 5-year security.
* Maharashtra accepted an additional ₹350 crore each in the 6.90% Maharashtra SGS 2030 and 7.44% Maharashtra SGS 2034. No amount accepted in the 23-year security.
* Madhya Pradesh accepted a partial amount of ₹1550.201 crore in the 21-year security.
* West Bengal accepted a partial amount of ₹1255.105 crore in the 21-year security.
**Impact Analysis**
**State Governments**
* **Impact:** Determines the amount of funds each state successfully raised through the auction of state government securities, as well as the interest rate (yield) they will pay on these securities.
* **Action Required:** States need to manage their finances according to the funds raised and the interest payment obligations incurred.
**Investors (e.g., Banks, Financial Institutions)**
* **Impact:** Indicates the return (yield) investors will receive on their investments in state government securities. Also, it gives them information on the tenor of the investments and the prices they paid.
* **Action Required:** Investors need to manage their portfolios according to the securities they purchased and factor in the yields and tenors for their financial planning.
**Reserve Bank of India (RBI)**
* **Impact:** The results reflect the success of the auction process managed by the RBI.
* **Action Required:** RBI must settle the transactions and monitor the overall impact on the money market and government finances.
Key Entities Referenced
State Government Securities: Securities issued by various State Governments, auctioned based on yield/price.
Reserve Bank of India: The central bank of India, conducting the auction of State Government Securities.
Assam: One of the states participating in the auction.
Bihar: One of the states participating in the auction.
Maharashtra: One of the states participating in the auction.