On January 27, 2026, the Reserve Bank of India (RBI) released the results of a yield/price-based auction of State Government Securities (SGS). The total amount to be raised was ₹39,800 Crore, and the total amount accepted was ₹38,300 Crore. The states participating in the auction included Andhra Pradesh, Assam, Bihar, Gujarat, Haryana, Karnataka, Kerala, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttarakhand and West Bengal. The cut-off yields varied by state and tenor. For Karnataka and Rajasthan, re-issues of previously issued SGS were also included. The contact person for communications is Ajit Prasad, Deputy General Manager (Communications). Phone number is 022 - 2266 0502. The press release number is 2025-2026/1991.
Key Entities Referenced
State Government Securities: Securities issued by various state governments.
Reserve Bank of India: The central bank of India, which conducts auctions for State Government Securities.
Maharashtra SGS 2034, 2040, 2045: Specific State Government Securities of Maharashtra state, re-issued with different maturity dates (2034, 2040, 2045).
Karnataka SGS 2033: Specific State Government Securities of Karnataka state, re-issued.
Rajasthan SGS 2036: Specific State Government Securities of Rajasthan state, re-issued.