The Reserve Bank of India (RBI) has announced that on April 7, 2026, multiple state governments will raise a total of ₹18,159 crore through an auction of State Government Securities (SGS). The auction will be conducted via the RBI’s Core Banking Solution platform, E-Kuber. Participating states include Maharashtra, which plans to borrow the largest amount of ₹3,600 crore through three securities with varying tenors of 5, 13, and 23 years. Andhra Pradesh aims to raise ₹2,200 crore through two securities with tenors of 12 and 25 years. Other states participating include Himachal Pradesh (₹900 crore), Meghalaya (₹259 crore), Punjab (₹1,500 crore), Rajasthan (₹3,600 crore), and Telangana (₹3,900 crore). Both competitive and non-competitive bids can be submitted electronically on the auction date, with results announced the same day and payments processed on April 8, 2026.