New Delhi, April 19 -- The Reserve Bank of India (RBI) has announced that multiple state governments will raise a total of Rs 16,900 crore through the revised auction of State Government Securities (SGS), scheduled to be conducted on April 21.

According to the Central Bank release, the securities will be issued through an auction conducted on the RBI's Core Banking Solution platform, E-Kuber. The auction will include borrowings by several states, with varying tenors and structures, including both fresh issuances and re-issues of existing securities.

Among the participating states, Andhra Pradesh plans to raise Rs 4,600 crore through three securities with tenors of 8, 16 and 30 years. Punjab will borrow Rs 1,300 crore with a 12-year teno...