New Delhi, Aug. 9 -- State governments sharply ramped up their borrowings in July, with Rs.96,769 crore allotments made through state development loans (SDLs), as they sought to fast-track capital spending and inject momentum into economic growth. This was well above the Rs.68,383 crore allotted a year ago, data from the Reserve Bank of India (RBI) showed. The data showed that state borrowings, in terms of allotments through SDL, climbed steadily through the first four months of FY26, from Rs.52,870 crore in April to Rs.64,722 crore in May and Rs.82,207 crore in June, before peaking in July. The borrowing surge breaks from the usual pattern, where states typically backload SDL issuances in H2 of the fiscal year. Typically, states tap low-co...