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

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.