State governments collectively raised Rs 47,620.31 crore at the weekly auction of State Development Loans held on 10 February 2026, against a notified amount of Rs 48,615 crore, according to auction results released by the Reserve Bank of India.
Assam fully raised its planned Rs 1,000 crore through a 20 year security at a cut-off yield of 7.87%. Bihar also completed its borrowing programme of Rs 3,000 crore, raising Rs 1,500 crore through a 13 year paper at 7.86% and another Rs 1,500 crore via a 26 year security at 7.77%.
Chhattisgarh raised Rs 2,000 crore through two tranches. The state accepted Rs 1,000 crore through a re-issue of its 7.49% 2035 security at a price of Rs 99.52, translating into a yield of 7.5617%, and another Rs 1,000 crore through a 10 year paper at 7.59%.
Gujarat emerged as one of the key overshooters in the auction, accepting Rs 1,500 crore against a notified amount of Rs 1,000 crore in its 5 year security at a cut-off yield of 7.02%. The state has accepted an additional amount of Rs 500 crore in the 5 year security.
Haryana raised its entire Rs 3,000 crore borrowing plan, issuing Rs 1,500 crore through a 14 year security at 7.78% and another Rs 1,500 crore through a 17 year paper at 7.83%.
Karnataka raised a sizable Rs 7,000 crore across four maturities. This included Rs 2,000 crore via a 6 year 6 month security at 7.19%, Rs 2,000 crore through a re-issue of the 7.49% Karnataka SGS 2035 at a price of Rs 99.68 and yield of 7.5393%, Rs 2,000 crore through a 9 year 6 month paper at 7.55%, and Rs 1,000 crore via a 10 year security at 7.56%.
Madhya Pradesh raised Rs 4,550.20 crore against a notified amount of Rs 5,000 crore. The state fully accepted Rs 1,000 crore through an 8 year security at 7.44% and Rs 2,000 crore via a 16 year paper at 7.82%, while accepting a partial amount of Rs 1,550.201 crore in the 21 year security at a cut-off yield of 7.84%.
Maharashtra accepted Rs 3,700 crore, exceeding its notified amount of Rs 4,500 crore selectively. The state accepted an additional Rs 350 crore each in the re-issue of the 6.90% Maharashtra SGS 2030 at a price of Rs 100.10 and yield of 6.8702%, and the re-issue of the 7.44% Maharashtra SGS 2034 at a price of Rs 100.00 and yield of 7.4396%. No amount was accepted in the 23 year security.
Mizoram fully raised its modest Rs 115 crore through a 16 year paper at 7.85%. Punjab raised its entire Rs 2,000 crore via a 12 year security at a cut-off yield of 7.77%.
Tamil Nadu raised Rs 5,000 crore across four securities. The state issued Rs 1,000 crore each through 7 year, 10 year and 11 year papers at yields of 7.31%, 7.54% and 7.58% respectively, while raising Rs 2,000 crore through a re-issue of the 7.61% Tamil Nadu SGS 2056 at a price of Rs 98.62 and yield of 7.7287%.
Telangana raised its full Rs 9,000 crore borrowing programme through four tranches, issuing Rs 2,000 crore each through 13 year and 16 year securities at 7.76% and 7.80%, and Rs 2,500 crore each through 21 year and 27 year papers at yields of 7.84% and 7.75% respectively.
Uttar Pradesh raised Rs 3,000 crore, issuing Rs 1,500 crore through a re-issue of the 7.60% Uttar Pradesh SGS 2037 at a price of Rs 99.78 and yield of 7.6296%, and another Rs 1,500 crore through a 15 year security at 7.81%.
West Bengal raised Rs 2,755.105 crore against a notified amount of Rs 3,000 crore. The state fully accepted Rs 1,500 crore through a 19 year security at 7.82%, while accepting a partial amount of Rs 1,255.105 crore in the 21 year paper at a cut-off yield of 7.84%.