Mumbai, Sept. 9 -- Indian states mobilised Rs 14,900 crore through State Development Loan auctions on September 9, marginally below the Rs 15,300 crore on offer after Nagaland accepted no amount in its 10-year security.

Borrowings were spread across four- to twenty-year tenors, with cut-offs largely between 6.74% and 7.52%, indicating steady demand amid a stable rate backdrop.

Bihar raised Rs 6,000 crore across three lines at 7.02% (5-year), 7.45% (9-year), and 7.52% (11-year), while Goa garnered Rs 100 crore via an 11-year note at 7.48%. Haryana completed Rs 1,500 crore split between 15- and 16-year papers at 7.47% and 7.51%, respectively, and Jammu & Kashmir mobilised Rs 300 crore at 7.51% for 20 years.

Madhya Pradesh collected Rs 4,...