**Executive Summary**
This press release details the full auction results of State Government Securities held on November 11, 2025. The total notified amount was ₹16,560 Crore. Tamil Nadu did not accept any amount in the fifteen-year security.
**Key Points / Main Content**
* **Auction Overview:**
* The auction included securities from Bihar, Chhattisgarh, Jammu and Kashmir, Madhya Pradesh, Maharashtra, Mizoram, Tamil Nadu, Telangana, and Uttar Pradesh.
* **Competitive Bids:**
* Total Competitive Bids Received: 1180, amounting to ₹70,515.400 Crore.
* Total Competitive Bids Accepted: 254, amounting to ₹14,508.972 Crore.
* **Non-Competitive Bids:**
* Total Non-Competitive Bids Received: 169, amounting to ₹1,527.156 Crore.
* Total Non-Competitive Bids Accepted: 150, amounting to ₹1,051.028 Crore.
* **State-Specific Details (Examples):**
* **Bihar SGS 2040:**
* Notified Amount: ₹1500 Crore.
* Cut-off Yield: 7.44%.
* **Chhattisgarh SDL 2028:**
* Notified Amount: ₹500 Crore.
* Cut-off Yield: 6.3876%.
* **Tamil Nadu SGS 2040:**
* Total Allotment Amount was 0.
* **Overall Allotment:**
* The total allotment amount across all securities was ₹15,560 Crore.
**Impact Analysis**
**Stakeholder: State Governments (Bihar, Chhattisgarh, Jammu and Kashmir, Madhya Pradesh, Maharashtra, Mizoram, Tamil Nadu, Telangana, Uttar Pradesh)**
* **Impact**
* States receive funds through the successful auction of their securities.
* The yields and prices determined in the auction affect their borrowing costs.
* **Action Required**
* Manage their finances based on the funds received from the auction and the associated interest rates.
**Stakeholder: Investors (Banks, Financial Institutions, Individuals)**
* **Impact**
* Investors acquire State Government Securities as part of their investment portfolios.
* The yields and prices at the auction determine the return on their investment.
* **Action Required**
* Monitor their investments and manage their portfolios based on the acquired securities.
**Stakeholder: Reserve Bank of India (RBI)**
* **Impact**
* The RBI manages the auction process and ensures its smooth operation.
* The auction results influence monetary policy and the overall financial system.
* **Action Required**
* Analyze the auction results and adjust monetary policy as needed.
Key Entities Referenced
State Government Securities: The subject of the auction being announced.
Reserve Bank of India: The entity issuing the press release regarding the auction results.
BIHAR SGS 2040: One of the State Government Securities being auctioned.
CHHATTISGARH SDL 2028: One of the State Government Securities being auctioned.
CHHATTISGARH SGS 2033: One of the State Government Securities being auctioned.