On January 27, 2026, the Reserve Bank of India released the results of the yield/price-based auction of State Government Securities. The total amount to be raised was ₹39,800 Crore, while the amount accepted was ₹38,300 Crore. Specific details for each state are as follows:
* **Andhra Pradesh:** ₹1000 Crore raised, Cut off Yield 7.48%, 09 Year Tenor
* **Assam:** ₹1500 Crore raised, Cut off Yield 7.59%, 17 Year Tenor and ₹1000 Crore raised, Cut off Yield 7.59%, 10 Year Tenor
* **Bihar:** ₹1500 Crore raised, Cut off Yield 7.63%, 14 Year Tenor and ₹1500 Crore raised, Cut off Yield 7.60%, 24 Year Tenor
* **Gujarat:** ₹2000 Crore raised, Cut off Yield 7.47%, 10 Year Tenor
* **Haryana:** ₹1000 Crore raised, Cut off Yield 7.57%, 14 Year Tenor
* **Karnataka:** ₹2000 Crore raised, Cut off Yield 7.15%, 05 year and 06 month Tenor and ₹2000 Crore raised, Cut off Yield 99.88/7.3407 %, Re-issue of 7.32% Karnataka SGS 2033, issued on January 21,2026
* **Kerala:** ₹2000 Crore raised, Cut off Yield 7.48%, 09 year and 06 month Tenor and ₹2000 Crore raised, Cut off Yield 7.64%, 13 Year Tenor
* **Maharashtra:** ₹1500 Crore raised, Cut off Yield 98.79/7.4308, Re-issue of 7.24% Maharashtra SGS 2034, issued on September 10, 2025 and ₹1500 Crore raised, Cut off Yield 99.02/7.5392, Re-issue of 7.43% Maharashtra SGS 2040, issued on December 03, 2025. *Maharashtra has not accepted any amount in the Re-issue of 7.48% Maharashtra SGS 2045, issued on December 10, 2025.*
* **Odisha:** ₹1000 Crore raised, Cut off Yield 7.34%, 07 Year Tenor and ₹1000 Crore raised, Cut off Yield 7.56%, 12 Year Tenor
* **Punjab:** ₹2000 Crore raised, Cut off Yield 7.62%, 07 Year Tenor
* **Rajasthan:** ₹1500 Crore raised, Cut off Yield 7.52%, 09 Year Tenor and ₹1800 Crore raised, Cut off Yield 99.62/7.5904 %, Re-issue of 7.54% Rajasthan SGS 2036, issued on December 24, 2025
* **Tamil Nadu:** ₹1000 Crore raised, Cut off Yield 7.39%, 08 Year Tenor and ₹1000 Crore raised, Cut off Yield 7.50%, 10 Year Tenor and ₹1000 Crore raised, Cut off Yield 7.53%, 11 Year Tenor and ₹1000 Crore raised, Cut off Yield 100.17/7.5654 %, Re-issue of 7.58% Tamil Nadu SGS 2056, issued on January 21, 2026
* **Telangana:** ₹1000 Crore raised, Cut off Yield 7.64%, 18 Year Tenor
* **Uttarakhand:** ₹500 Crore raised, Cut off Yield 7.58%, 22 Year Tenor
* **West Bengal:** ₹1000 Crore raised, Cut off Yield 7.59%, 12 Year Tenor and ₹2000 Crore raised, Cut off Yield 7.67%, 18 Year Tenor and ₹2000 Crore raised, Cut off Yield 7.62%, 21 Year Tenor
For further information, contact Ajit Prasad, Deputy General Manager (Communications). The press release number is 2025-2026/1991. The Department of Communication is located at Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. The phone number is 022 - 2266 0502. The website is www.rbi.org.in and email is helpdoc@rbi.org.in.
Key Entities Referenced
State Government Securities: The subject of the auction; debt instruments issued by various state governments.
Reserve Bank of India: Conducts the auction of State Government Securities.
State Governments: The entities issuing the securities being auctioned (specifically, Andhra Pradesh, Assam, Bihar, Gujarat, Haryana, Karnataka, Kerala, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttarakhand, West Bengal).