New Delhi, April 3 -- State governments and Union Territories across the country are expected to raise a total of Rs 2,54,509 crore through market borrowings during the first quarter of the 2026-27 financial year.

According to an indicative calendar released by the Reserve Bank of India (RBI) on Thursday, these borrowings will take place between April and June 2026 as part of the states' efforts to manage their financial requirements.

The central bank, acting as the debt manager for the states, has scheduled regular auctions throughout the three months to facilitate the capital raising.

As a feature of this quarter's borrowing plan, the RBI introduced the Benchmark Issuance Strategy (BIS) on a pilot basis, which the bank has decided to...