RBI Press Release

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.

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2026-2027/727