RBI to Auction State Government Securities Worth ₹24,100 Crore on June 2
The Reserve Bank of India has scheduled an auction of State Government Securities (SGS) for June 2, 2026, across eight states and Union Territories. The auction will aggregate ₹24,100 crore in funds, utilizing the RBI's E-Kuber platform to process both competitive and non-competitive bids. Auction of State Government Securities The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹24,100 Crore (Face Value). Sr. No. State/UT Amount.
On June 2, 2026, the RBI will conduct auctions for State Government Securities (SGS) totaling ₹24,100 crore. The borrowing involves states including Andhra Pradesh, Gujarat, Jammu and Kashmir, Maharashtra, Punjab, Rajasthan, Tamil Nadu, and Telangana. The auction process incorporates both new security issues and the re-issue of existing stocks.
Investors can submit bids via the RBI's E-Kuber system. Competitive bidding runs from 10:30 A.M. to 11:30 A.M., while non-competitive bids—open to eligible individuals and institutions—are accepted between 10:30 A.M. and 11:00 A.M. Retail investors may utilize the RBI Retail Direct portal to participate.
These securities, issued under the Government Securities Act, 2006, are eligible for Statutory Liquidity Ratio (SLR) requirements for banks under the Banking Regulation Act, 1949, and qualify for the ready forward facility.
Glossary
SLR (Statutory Liquidity Ratio): The minimum reserve of liquid assets, such as government securities, that commercial banks must maintain against their net demand and time liabilities.
E-Kuber: The Reserve Bank of India’s Core Banking Solution (CBS) platform utilized for the auctioning and management of government securities.
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