States and Union Territories collectively raised Rs 57,524.51 crore in the State Government Securities (SDL) auction held on 17 March 2026, slightly below the notified amount of Rs 58,420 crore, as select states opted for partial acceptance while others exercised greenshoe options.
Assam raised Rs 409.45 crore against a notified Rs 900 crore for its six-year security at a yield of 7.22%. Chhattisgarh raised Rs 2,000 crore across two securities, including a re-issued 2035 bond at a yield of 7.4905% and an 18-year paper at 7.73%. Goa raised Rs 100 crore through an 11-year bond at a yield of 7.52%.
Gujarat raised Rs 2,500 crore across two securities, including Rs 1,000 crore at 7.29% for an eight-year bond and Rs 1,500 crore at 7.38% for a 9.5-year security after accepting an additional Rs 500 crore.
Haryana mobilised Rs 2,000 crore through 16-year and 19-year securities at yields of 7.69% and 7.73%, respectively. Jammu and Kashmir raised Rs 1,000 crore through a 20-year security at a yield of 7.80%.
Jharkhand raised Rs 2,000 crore across its six-year and 10-year securities at yields of 7.20% and 7.49%, respectively, while it did not accept any bids for its 14-year paper.
Karnataka emerged as the largest borrower, raising Rs 10,000 crore across five re-issued securities maturing between 2033 and 2039, with yields ranging from 7.3728% to 7.5810%.
Kerala raised Rs 3,500 crore through 22-year and 27-year securities at yields of 7.77% and 7.71%, respectively. Madhya Pradesh mobilised Rs 4,100 crore across nine-year and 15-year securities at yields of 7.44% and 7.65%.
Maharashtra raised Rs 6,500 crore across four securities, including Rs 2,000 crore at 6.83% for a four-year bond and Rs 2,500 crore through a re-issued 2040 security at a yield of 7.5865% after accepting an additional Rs 500 crore. It also raised Rs 1,000 crore each through re-issued 2047 and 2052 securities at yields of 7.7656% and 7.7188%, respectively.
Nagaland raised Rs 600 crore via a four-year bond at a yield of 6.99%. Puducherry raised Rs 150 crore through a 15-year security at a yield of 7.79%. Rajasthan raised Rs 1,200 crore through a 10-year bond at a yield of 7.49%. Sikkim raised Rs 250 crore through a 10-year security at a yield of 7.56%.
Tamil Nadu mobilised Rs 8,000 crore across five securities with maturities ranging from 5.5 years to 12 years, with yields between 7.03% and 7.57%, including a re-issued 2036 bond at 7.4183%.
Telangana raised Rs 2,540 crore across three securities with maturities of 19, 28 and 30 years at yields ranging from 7.69% to 7.75%. Tripura raised Rs 580 crore through a 15-year security at a yield of 7.77%.
Uttar Pradesh mobilised Rs 5,000 crore across four securities, including re-issued bonds maturing in 2041 and 2046, with yields ranging from 7.57% to 7.7499%.
Uttarakhand raised Rs 1,095.05 crore through a re-issued 2038 security at a yield of 7.6291%, against a notified amount of Rs 2,000 crore. West Bengal raised Rs 4,000 crore across 19-year and 23-year securities at yields of 7.79% and 7.76%, respectively.