Mumbai, April 28 -- State governments raised Rs 14,346.13 crore in a yield-based auction of State Government Securities held on 28 April 2026, slightly below the notified Rs 14,500 crore. The shortfall was due to partial acceptance in one Uttarakhand tranche.

The auction saw steady demand across most states, with cut-off yields largely clustering in the 7.64% to 7.83% range for medium to long-term papers, reflecting stable borrowing conditions despite a mildly cautious investor appetite.

Assam raised its full notified amount of Rs 1,000 crore at a yield of 7.83% for a 20-year bond.

Bihar mobilised Rs 2,400 crore across two tranches. The state raised Rs 1,200 crore at 7.69% for a 9-year security, while another Rs 1,200 crore was raised ...