Mumbai, July 22 -- The Reserve Bank of India (RBI) completed a yield-based auction of State Government Securities on 22 July 2025, successfully raising a total of Rs 10,750 crore. The auction saw active participation from various states looking to mobilize funds for development projects and fiscal needs.

Among the states that participated, Bihar raised Rs 2,000 crore through a 12-year security at a cut-off yield of 7.01%, while Kerala secured Rs 1,000 crore via a 20-year bond at 7.10%.

Maharashtra conducted a series of re-issues totaling Rs 4,000 crore across different maturities. These included Rs 1,000 crore each in re-issued 22-year, 23-year, 24-year, and 25-year securities. The yields on these securities ranged from 7.0917% to 7.096...