New Delhi, Aug. 26 -- States and Union Territories mobilized Rs 28,892 crore through the auction of State Government Securities (SGS) on Tuesday, according to the Reserve Bank of India (RBI). However, the total notified amount for the auction was Rs 34,150 crore, but bids worth nearly Rs 5,258 crore were not accepted.

RBI's auction results showed major contributions from states like Madhya Pradesh, Rajasthan, Kerala, and West Bengal, while Maharashtra refrained from accepting any bids in its four proposed issuances.

Madhya Pradesh raised Rs 4,800 crore through two issuances, of Rs 2,300 crore at a cut-off yield of 7.57 per cent for an 18-year tenor and Rs 2,500 crore at the same yield for a 20-year tenor.

Rajasthan raised Rs 5,000 cror...