Mumbai, April 27 -- The Reserve Bank of India will conduct an auction of State Government Securities (SGS) worth Rs 14,500 crore on April 28, 2026.

According to the central bank release, several states, including Assam, Bihar, Chhattisgarh, Kerala, Madhya Pradesh, Uttar Pradesh, and Uttarakhand, will participate in this issuance, offering securities across a range of maturities. These include both fresh issuances and re-issuances of existing securities, with tenors ranging from 3 to 23 years. Some securities will be auctioned based on yield, while others--primarily re-issued securities--will be auctioned based on price.

The auction will be conducted electronically through the RBI's Core Banking Solution, E-Kuber. Both competitive and no...