RBI Schedules ₹14,500 Crore Auction of State Government Securities for May 12
The Reserve Bank of India has scheduled an auction for state government securities totaling ₹14,500 crore to be held on May 12, 2026, via the E-Kuber platform. Auction of State Government Securities The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹14,500 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Assam 1000 Re-issue of 7.22% Assam.
Eleven states are participating in this auction to raise funds through a mix of new yield-based issues and price-based re-issues of existing stock. The auction will be conducted on May 12, 2026, using the Reserve Bank of India's Core Banking Solution (E-Kuber) system. Eligible individuals and institutions may participate under the 'Scheme for Non-competitive Bidding Facility,' with retail investors specifically directed to the Retail Direct portal.
These securities serve as eligible investments for banks to meet Statutory Liquidity Ratio (SLR) requirements as per the Banking Regulation Act, 1949. The government stock will be issued in minimum denominations of ₹10,000 and multiples thereof. Results will be announced on the same day as the auction, with settlement scheduled for May 13, 2026.
Glossary
E-Kuber: The Reserve Bank of India's Core Banking Solution used for the electronic auction of government securities.
Statutory Liquidity Ratio (SLR): The portion of deposits that commercial banks must maintain as liquid assets, such as government securities.
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