State Government Securities Auction Results
RBI press-release 2026-2027/727 · 21 Jul 2026
Official title
State Government Securities - Full Auction Result
Summary
Check the official recordWhat changed
The Reserve Bank of India conducted an auction of State Government Securities on July 21, 2026, for various states with a total notified amount of ₹21,700 crore. The auction resulted in a total allotment of ₹21,491.030 crore. The results provide details on competitive and non-competitive bids, including cut-off yields, cut-off prices, and weighted average yields for each security. Assam accepted a partial amount of ₹991.030 crore for its 10-year security, while Jammu and Kashmir did not accept any bids for the re-issue of its 7.60% SGS 2038 security.
Key dates
- Date of auction
- 21 Jul 2026
Who is affected
- State governments participating in the auction of State Government Securities.
Thresholds
Document text
July 21, 2026
State Government Securities - Full Auction Result
The result of the auction of State Government Securities held on July 21, 2026, is as under:
(Amount in ₹ Crore)
| ASSAM SGS 2036* | BIHAR SGS 2041 | BIHAR SGS 2044 | CHHATTISGARH SGS 2040 | |
|---|---|---|---|---|
| Notified Amount | 1000 | 1000 | 1000 | 500 |
| Tenor | 10-Years | 15-Years | 18-Years Re-issue of 7.83% CHHATTISGARH SGS 2040 issued on 15-APR-2026 | |
| Competitive Bids Received | ||||
| (i) No. | 34 | 57 | 83 | 44 |
| (ii) Amount | 1327 | 3280 | 3285 | 1060 |
| Cut-off Yield (%) | 7.56 | 7.66 | 7.71 | 7.6955 |
| Cut off Price (₹) | 100 | 100 | 100 | 101.11 |
| Competitive Bids Accepted | ||||
| (i) No. | 19 | 11 | 19 | 27 |
| (ii) Amount | 942 | 900 | 959.822 | 492.984 |
| Partial Allotment Percentage of Competitive Bids | ||||
| (i) Percentage | 9.8214 | 25.2744 | 11.9360 | |
| (ii) No. | 5 | 9 | 1 | |
| Non-Competitive Bids Received | ||||
| (i) No. | 9 | 13 | 5 | 4 |
| (ii) Amount | 49.030 | 102.824 | 40.178 | 7.016 |
| Non-Competitive Price (₹) | 100.13 | 100.08 | 100.09 | 101.49 |
| Non-Competitive Bids Accepted | ||||
| (i) No. | 9 | 13 | 5 | 4 |
| (ii) Amount | 49.030 | 100 | 40.178 | 7.016 |
| Partial Allotment Percentage of Non-Competitive Bids | ||||
| Percentage | 97.2536 | |||
| Weighted Average Yield (%) | 7.5415 | 7.6506 | 7.7010 | 7.6506 |
| Total Allotment Amount | 991.030 | 1000 | 1000 | 500 |
| CHHATTISGARH SGS 2048 | JAMMU AND KASHMIR SGS 2038# | JAMMU AND KASHMIR SGS 2051 | KERALA SGS 2042 | |
|---|---|---|---|---|
| Notified Amount | 500 | 200 | 500 | 1000 |
| Tenor | Re-issue of 7.82% CHHATTISGARH SGS 2048 issued on 29-APR-2026 | Re-issue of 7.60% JAMMUKASHMIR SGS 2038 issued on 08-JUL-2026 | Re-issue of 7.81% JAMMUKASHMIR SGS 2051 issued on 10-JUN-2026 | Re-issue of 7.86% KERALA SGS 2042 issued on 15-APR-2026 |
| Competitive Bids Received | ||||
| (i) No. | 28 | 29 | 24 | 51 |
| (ii) Amount | 1500 | 985 | 1725 | 2740.750 |
| Cut-off Yield (%) | 7.6980 | 7.6989 | 7.7139 | |
| Cut off Price (₹) | 101.26 | 101.21 | 101.30 | |
| Competitive Bids Accepted | ||||
| (i) No. | 2 | 2 | 13 | |
| (ii) Amount | 489.987 | 489.947 | 962.970 | |
| Partial Allotment Percentage of Competitive Bids | ||||
| (i) Percentage | 77.9974 | 77.9894 | 10.7425 | |
| (ii) No. | 1 | 1 | 1 | |
| Non-Competitive Bids Received | ||||
| (i) No. | 4 | 5 | 4 | 7 |
| (ii) Amount | 10.013 | 5.02 | 10.053 | 37.030 |
| Non-Competitive Price (₹) | 101.28 | 101.23 | 101.34 | |
| Non-Competitive Bids Accepted | ||||
| (i) No. | 4 | 4 | 7 | |
| (ii) Amount | 10.013 | 10.053 | 37.030 | |
| Partial Allotment Percentage of Non-Competitive Bids | ||||
| Percentage | ||||
| Weighted Average Yield (%) | 7.6961 | 7.6971 | 7.7095 | |
| Total Allotment Amount | 500 | 0 | 500 | 1000 |
| KERALA SGS 2049 | MADHYA PRADESH SGS 2034 | MADHYA PRADESH SGS 2038 | MADHYA PRADESH SGS 2048 | |
|---|---|---|---|---|
| Notified Amount | 1200 | 1000 | 1400 | 2000 |
| Tenor | Re-issue of 7.83% KERALA SGS 2049 issued on 29-APR-2026 | 8-Years | 12-Years | Re-issue of 7.83% MADHYAPRADESH SGS 2048 issued on 29-APR-2026 |
| Competitive Bids Received | ||||
| (i) No. | 39 | 74 | 89 | 61 |
| (ii) Amount | 4585 | 5890 | 4738 | 4880 |
| Cut-off Yield (%) | 7.6998 | 7.39 | 7.58 | 7.7098 |
| Cut off Price (₹) | 101.37 | 100 | 100 | 101.24 |
| Competitive Bids Accepted | ||||
| (i) No. | 4 | 12 | 24 | 7 |
| (ii) Amount | 1160.929 | 949.931 | 1260 | 1907.927 |
| Partial Allotment Percentage of Competitive Bids | ||||
| (i) Percentage | 52.7636 | 99.9894 | 47.1287 | 35.9757 |
| (ii) No. | 2 | 6 | 8 | 2 |
| Non-Competitive Bids Received | ||||
| (i) No. | 6 | 9 | 18 | 9 |
| (ii) Amount | 39.071 | 50.069 | 199.361 | 92.073 |
| Non-Competitive Price (₹) | 101.41 | 100.02 | 100.10 | 101.35 |
| Non-Competitive Bids Accepted | ||||
| (i) No. | 6 | 9 | 18 | 9 |
| (ii) Amount | 39.071 | 50.069 | 140 | 92.073 |
| Partial Allotment Percentage of Non-Competitive Bids | ||||
| Percentage | 70.2244 | |||
| Weighted Average Yield (%) | 7.6961 | 7.3859 | 7.5669 | 7.6994 |
| Total Allotment Amount | 1200 | 1000 | 1400 | 2000 |
| DELHI SGS 2033 | DELHI SGS 2041 | ODISHA SGS 2044 | TAMILNADU SGS 2034 | |
|---|---|---|---|---|
| Notified Amount | 300 | 300 | 1000 | 1000 |
| Tenor | 7-Years | Re-issue of 7.75% DELHI SGS 2041 issued on 24-JUN-2026 | 18-Years Re-issue of 7.39% TAMILNADU SGS 2034 issued on 15-JUL-2026 | |
| Competitive Bids Received | ||||
| (i) No. | 46 | 37 | 68 | 98 |
| (ii) Amount | 2775 | 1598.50 | 3282 | 6200 |
| Cut-off Yield (%) | 7.31 | 7.5995 | 7.70 | 7.3778 |
| Cut off Price (₹) | 100 | 101.32 | 100 | 100.07 |
| Competitive Bids Accepted | ||||
| (i) No. | 9 | 3 | 15 | 26 |
| (ii) Amount | 290.311 | 290.126 | 938.108 | 968.076 |
| Partial Allotment Percentage of Competitive Bids | ||||
| (i) Percentage | 34.6447 | 90.1260 | 86.8216 | 52.7848 |
| (ii) No. | 4 | 1 | 8 | 2 |
| Non-Competitive Bids Received | ||||
| (i) No. | 5 | 7 | 7 | 5 |
| (ii) Amount | 9.689 | 9.874 | 61.892 | 31.924 |
| Non-Competitive Price (₹) | 100.04 | 101.41 | 100.04 | 100.14 |
| Non-Competitive Bids Accepted | ||||
| (i) No. | 5 | 7 | 7 | 5 |
| (ii) Amount | 9.689 | 9.874 | 61.892 | 31.924 |
| Partial Allotment Percentage of Non-Competitive Bids | ||||
| Percentage | ||||
| Weighted Average Yield (%) | 7.3024 | 7.5894 | 7.6959 | 7.3661 |
| Total Allotment Amount | 300 | 300 | 1000 | 1000 |
| TAMILNADU SGS 2041 | UTTAR PRADESH SGS 2038 | UTTAR PRADESH SGS 2046 | UTTARAKHAND SGS 2048 | |
|---|---|---|---|---|
| Notified Amount | 1000 | 1000 | 1600 | 400 |
| Tenor | Re-issue of 7.59% TAMILNADU SGS 2041 issued on 15-JUL-2026 | Re-issue of 7.74% UTTARPRADESH SGS 2038 issued on 10-JUN-2026 | Re-issue of 7.82% UTTARPRADESH SGS 2046 issued on 10-JUN-2026 | 22-Years |
| Competitive Bids Received | ||||
| (i) No. | 96 | 102 | 68 | 31 |
| (ii) Amount | 4835 | 4365 | 4845 | 2070 |
| Cut-off Yield (%) | 7.5897 | 7.5795 | 7.7047 | 7.70 |
| Cut off Price (₹) | 100 | 101.23 | 101.15 | 100 |
| Competitive Bids Accepted | ||||
| (i) No. | 16 | 18 | 6 | 3 |
| (ii) Amount | 900 | 909.897 | 1513.430 | 391.688 |
| Partial Allotment Percentage of Competitive Bids | ||||
| (i) Percentage | 9.6774 | 22.4488 | 55.4900 | 58.3376 |
| (ii) No. | 4 | 7 | 1 | 2 |
| Non-Competitive Bids Received | ||||
| (i) No. | 12 | 13 | 11 | 4 |
| (ii) Amount | 107.468 | 90.103 | 86.570 | 8.312 |
| Non-Competitive Price (₹) | 100.11 | 101.32 | 101.21 | 100.03 |
| Non-Competitive Bids Accepted | ||||
| (i) No. | 12 | 13 | 11 | 4 |
| (ii) Amount | 100 | 90.103 | 86.570 | 8.312 |
| Partial Allotment Percentage of Non-Competitive Bids | ||||
| Percentage | 93.0510 | |||
| Weighted Average Yield (%) | 7.5773 | 7.5680 | 7.6989 | 7.6974 |
| Total Allotment Amount | 1000 | 1000 | 1600 | 400 |
| WEST BENGAL SGS 2035 | WEST BENGAL SGS 2047 | Total | |
|---|---|---|---|
| Notified Amount | 1600 | 2200 | 21700 |
| Tenor | 9-Years | 21-Years | |
| Competitive Bids Received | |||
| (i) No. | 51 | 69 | 1279 |
| (ii) Amount | 2600 | 7685 | 76251.250 |
| Cut-off Yield (%) | 7.58 | 7.71 | - |
| Cut off Price (₹) | 100 | 100 | - |
| Competitive Bids Accepted | |||
| (i) No. | 38 | 10 | 284 |
| (ii) Amount | 1496.883 | 2070.996 | 20286.012 |
| Partial Allotment Percentage of Competitive Bids | |||
| (i) Percentage | 36.3868 | 50.8955 | - |
| (ii) No. | 5 | 5 | - |
| Non-Competitive Bids Received | |||
| (i) No. | 11 | 8 | 176 |
| (ii) Amount | 103.117 | 129.004 | 1279.691 |
| Non-Competitive Price (₹) | 100.24 | 100.05 | - |
| Non-Competitive Bids Accepted | |||
| (i) No. | 11 | 8 | 171 |
| (ii) Amount | 103.117 | 129.004 | 1205.018 |
| Partial Allotment Percentage of Non-Competitive Bids | |||
| Percentage | - | ||
| Weighted Average Yield (%) | 7.5433 | 7.7047 | - |
| Total Allotment Amount | 1600 | 2200 | 21491.030 |
*Assam has accepted partial amount of ₹991.030 crore in the 10-year security. #Jammu and Kashmir has not accepted any amount in the Re-issue of 7.60% Jammu and Kashmir SGS 2038, issued on July 08, 2026.
ᮧेस ᮧकाशनी PRESS RELEASE भारतीय ᳯरज़वर् बᱹक RESERVE BANK OF INDIA वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, कᱶᮤीय कायार्लय, शहीद भगत ᳲसंह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
Ajit Prasad Press Release: 2026-2027/727 Deputy General Manager (Communications)
Source details
- Source
- Reserve Bank of India
- Type
- press-release
- Published by source
- 21 Jul 2026
- Document number
- 2026-2027/727
- Issuing division
- Department of Communication
- Coverage area
- banking