Kerala to raise 1,000 crore rupees through a State development bond, auction at the Reserve Bank

5 November 2026

The Kerala Finance Department has notified a State development bond of 1,000 crore rupees to raise money for the State's development work. The notification, numbered എസ്.എസ്-1/358/2026-ഫിൻ., is dated 5 November 2026. The auction will be held at the Reserve Bank of India's Fort office in Mumbai through the e-Kuber system on 9 November. Market borrowing of this kind is how a State raises the bulk of its capital, and the Reserve Bank acts as the agent that conducts the auction for it. Bidders are mainly banks, insurers and provident funds, which hold the paper as a safe long-term asset. Full details of the issue have been placed on the Finance Department website. The release was issued by the Information and Public Relations Department.