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National Economy Economy & Banking

States offer Rs 24,400 crore of securities in RBI auction

The Reserve Bank of India announced an auction of State Government Securities on 15 October 2026.
State Governments offered to sell stock for an aggregate face value of Rs 24,400 crore.
Andhra Pradesh offered Rs 1,000 crore through a re-issue of 7.68 per cent Andhra Pradesh State Government Securities 2051.
Gujarat offered Rs 1,000 crore as a re-issue of 7.96 per cent Gujarat State Government Securities 2035 and another Rs 1,000 crore of 12-year paper on a yield basis.
Goa offered Rs 200 crore and Jammu and Kashmir Rs 800 crore.
Madhya Pradesh offered Rs 1,000 crore of four-year paper on a yield basis along with re-issues of its 2038 and 2048 securities.

Aggregate face value: Rs 24,400 crore Andhra Pradesh offer: Rs 1,000 crore Jammu and Kashmir offer: Rs 800 crore
Why it matters for exams: State Development Loans and how states raise market borrowings are regular banking and economy topics.
Kerala PSCUPSCBank
15 October 2026 Source: Reserve Bank of India

In plain words

SGS State Government Securities — Dated securities issued by state governments to raise market borrowings, also called State Development Loans.

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