RBI to Oversee Historic Rs 45,960 Crore State Debts Auction

The Reserve Bank of India will conduct an auction on March 10, 2026, for state government securities worth Rs 45,960 crore. The auction includes varying tenors and structures, with major participation from Karnataka, Tamil Nadu, and other states. Bids must be submitted electronically through the E-Kuber platform.

The Reserve Bank of India (RBI) has announced a major auction event scheduled for March 10, 2026, where multiple state governments aim to raise a total of Rs 45,960 crore through State Government Securities (SGS).

This auction will be facilitated via the RBI's Core Banking Solution platform, E-Kuber, and will include borrowings from various states and Union Territories with diverse tenors and structures, covering both new issuances and re-issues of existing securities.

Karnataka is set to be the largest borrower, seeking Rs 10,000 crore, while Tamil Nadu follows closely with plans to raise Rs 8,000 crore. Competitive and non-competitive bids must be submitted between 10:30 am and 11:30 am, with the auction results slated to be announced on the same day.

(With inputs from agencies.)