Mumbai, Aug. 26 -- State governments mobilised Rs 28,892.04 crore through the latest yield and price-based auction of State Development Loans (SDLs), lower than the notified amount of Rs 34,150 crore, as per RBI data released 26 August 2025.

Maharashtra refrained from accepting any bids across four maturities ranging from 4 to 10 years, leading to the shortfall.

Among major borrowers, Madhya Pradesh raised Rs 4,800 crore across 18- and 20-year tenors at 7.57%, while Rajasthan garnered Rs 5,000 crore through three issuances, with yields between 7.49% and 7.57%. Kerala accepted only Rs 1,988 crore against a notified Rs 3,000 crore, including a 25-year issuance at 7.58%.

West Bengal raised Rs 3,500 crore via 21- and 22-year bonds at 7.75-...