State Governments Offer ₹16,900 Crore in Securities Through RBI Auction
The Reserve Bank of India (RBI) has announced an auction for various State Government Securities (SGS), offering a total face value amounting to ₹16,900 Crore. The securities offer opportunities across multiple states, ranging from Bihar and Chhattisgarh to Kerala and Tamil Nadu.The stocks are being offered through the RBI Core Banking Solution (E-Kuber) system. The auction is scheduled for June 23, 2026, with results expected on the same day. Successful bidders will receive payment during banking hours on June 24, 2026.
The offerings encompass both competitive and non-competitive bidding options. Eligible individuals and institutions will be allotted up to ten percent of the notified amount for each stock under the Scheme for Non-competitive Bidding Facility.
Key details regarding the securities being auctioned are presented below:
| State/UT | Amount to be Raised (₹ Crore) | Additional Borrowing Option (Greenshoe) | Tenor (Year) | Type of Auction |
|---|---|---|---|---|
| Bihar | 1200 | - | Re-issue of 7.69% Bihar SGS 2035, issued on April 29, 2026 | Price |
| Bihar | 1200 | - | Re-issue of 7.84% Bihar SGS 2041, issued on May 27, 2026 | Price |
| Chhattisgarh | 500 | - | Re-issue of 7.68% Chhattisgarh SGS 2036, issued on April 29, 2026 | Price |
| Chhattisgarh | 500 | - | Re-issue of 7.82% Chhattisgarh SGS 2048, issued on April 29, 2026 | Price |
| Delhi | 1000 | 200 | 10 | Yield |
| Delhi | 500 | 100 | 15 | Yield |
| Gujarat | 1000 | 500 | 09 | Yield |
| Gujarat | 1000 | 500 | 13 | Yield |
| Himachal Pradesh | 300 | - | 18 | Yield |
| Uttar Pradesh | 400 | - | 23 | Yield |
| Kerala | 1800 | - | Re-issue of 7.83% Kerala SGS 2049, issued on April 29, 2026 | Price |
| Madhya Pradesh | 1600 | - | Re-issue of 7.64% Madhya Pradesh SGS 2034, issued on April 29, 2026 | Price |
| Madhya Pradesh | 1200 | - | Re-issue of 7.83% Madhya Pradesh SGS 2048, issued on April 29, 2026 | Price |
| Tamil Nadu | 1000 | - | Re-issue of 7.69% Tamil Nadu SGS 2033, issued on June 03, 2026 | Price |
| Tamil Nadu | 1000 | - | Re-issue of 7.74% Tamil Nadu SGS 2036, issued on June 03, 2026 | Price |
| Tamil Nadu | 1000 | - | Re-issue of 7.80% Tamil Nadu SGS 2041, issued on June 03, 2026 | Price |
| Uttar Pradesh | 700 | - | Re-issue of 7.72% Uttar Pradesh SGS 2036, issued on April 29, 2026 | Price |
| Uttar Pradesh | 1000 | - | 15 | Yield |
Auction Procedure and Investor Benefits
All bids, both competitive and non-competitive, must be submitted electronically via the RBI Core Banking Solution (E-Kuber) system on June 23, 2026. Competitive bids are scheduled between 10:30 A.M. and 11:30 A.M., while non-competitive bids should be placed between 10:30 A.M. and 11:00 A.M.The new State Government Stocks will bear interest at rates determined by the RBI during the auction. Interest payments for the new stocks will occur semi-annually on December 24 and June 24 until maturity. Re-issued Government Stock interest will be paid at the rate set on the date of original issue, also on a half-yearly basis until maturity.
Investment in these State Government Stocks is considered an eligible investment in Government Securities for banks concerning Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949, and the stocks qualify for the ready forward facility.
Stock Price Movement
Goblin India Ltd's shares settled at ₹9.00 in post-market trading today, showing zero percent change across the day. The stock traded completely flat throughout the session, with its intraday high and low remaining locked at ₹9.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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