**Executive Summary**
This press release from the Reserve Bank of India reports the results of the October 28, 2025, auction of State Government Securities (SGS). The total notified amount was ₹17,800 Crore, with varying tenors and cut-off yields for different states. The document details the accepted competitive and non-competitive bids for each state's securities, along with weighted average yields.
**Key Points / Main Content**
* **Auction Overview:**
* Auction Date: October 28, 2025.
* Total Notified Amount: ₹17,800 Crore.
* **State Government Securities (SGS) Details:**
* Auctions were held for multiple states: Goa, Haryana, Himachal Pradesh, Jammu and Kashmir (UT), Madhya Pradesh, Punjab, Sikkim, Tamil Nadu and Uttar Pradesh.
* Each state’s securities (SGS) had a unique tenor (6-22 years) and notified amount.
* **Competitive Bids:**
* Data provided for each state includes:
* Number of competitive bids received and accepted.
* Amount of competitive bids received and accepted (₹ Crore).
* Cut-off yield (%).
* Cut-off price (₹).
* Partial allotment percentage of competitive bids (%).
* **Non-Competitive Bids:**
* Data provided for each state includes:
* Number of non-competitive bids received and accepted.
* Amount of non-competitive bids received and accepted (₹ Crore).
* Non-competitive price (₹).
* Partial allotment percentage of non-competitive bids (%).
* **Yield Information:**
* Weighted average yield (%) is provided for each state's securities.
* **Total Allotment:**
* Total allotment amount (₹ Crore) is listed for each state, matching the notified amount.
**Impact Analysis**
**Stakeholder: State Governments**
* **Impact:** Affected by the amount of funds raised through the auction of their respective State Government Securities.
* **Action Required:** To manage their finances based on the funds received and the associated yield rates.
**Stakeholder: Investors (Banks, Financial Institutions, etc.)**
* **Impact:** The auction results determine the yield and price at which they acquired the State Government Securities.
* **Action Required:** Manage their investment portfolios based on the yields and amounts of SGS acquired in the auction.
**Stakeholder: Reserve Bank of India (RBI)**
* **Impact:** Responsible for managing the auction process and ensuring stability in the government securities market.
* **Action Required:** Monitor the performance of the SGS and make adjustments as needed to maintain market stability.
Key Entities Referenced
State Government Securities: The subject of the full auction result.
Reserve Bank of India: Publisher of the Press Release.
Uttar Pradesh: One of the states whose securities are being auctioned.
Tamil Nadu: One of the states whose securities are being auctioned.
Haryana: One of the states whose securities are being auctioned.