The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter January – March 2026, is expected to be ₹4,99,821 Crore. The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts indicated by them is as under:
| Month | Proposed Date | Expected quantum of borrowing (in ₹ Cr) | States/UTs who have confirmed participation and the tentative amount of borrowing (in ₹ Cr) | |
| January 2026 | January 06, 2026 (Tuesday) | 30,100 | Andhra Pradesh | 6,500.00 |
| Assam | 1,000.00 | |||
| Chhattisgarh | 2,000.00 | |||
| Jammu & Kashmir | 600.00 | |||
| Karnataka | 6,000.00 | |||
| Madhya Pradesh | 4,000.00 | |||
| Rajasthan | 1,000.00 | |||
| Tamil Nadu | 6,000.00 | |||
| West Bengal | 3,000.00 | |||
| January 13, 2026 (Tuesday) | 36,190 | Assam | 1,000.00 | |
| Bihar | 3,000.00 | |||
| Chhattisgarh | 2,000.00 | |||
| Gujarat | 2,000.00 | |||
| Haryana | 1,000.00 | |||
| Karnataka | 10,000.00 | |||
| Kerala | 1,000.00 | |||
| Maharashtra | 4,500.00 | |||
| Mizoram | 90.00 | |||
| Odisha | 1,000.00 | |||
| Punjab | 1,000.00 | |||
| Tamil Nadu | 4,000.00 | |||
| Telangana | 1,600.00 | |||
| Uttarakhand | 1,000.00 | |||
| West Bengal | 3,000.00 | |||
| January 20, 2026 (Tuesday) | 38,600 | Assam | 1,000.00 | |
| Chhattisgarh | 2,000.00 | |||
| Goa | 100.00 | |||
| Gujarat | 2,000.00 | |||
| Haryana | 1,000.00 | |||
| Jammu & Kashmir | 500.00 | |||
| Karnataka | 9,000.00 | |||
| Madhya Pradesh | 5,000.00 | |||
| Maharashtra | 4,500.00 | |||
| Odisha | 1,000.00 | |||
| Punjab | 500.00 | |||
| Rajasthan | 2,500.00 | |||
| Sikkim | 500.00 | |||
| Tamil Nadu | 4,000.00 | |||
| Uttarakhand | 500.00 | |||
| West Bengal | 4,500.00 | |||
| January 27, 2026 (Tuesday) | 47,300 | Assam | 1,000.00 | |
| Bihar | 3,000.00 | |||
| Chhattisgarh | 2,000.00 | |||
| Goa | 100.00 | |||
| Gujarat | 2,000.00 | |||
| Haryana | 2,000.00 | |||
| Himachal Pradesh | 500.00 | |||
| Jharkhand | 2,000.00 | |||
| Karnataka | 7,000.00 | |||
| Kerala | 2,000.00 | |||
| Madhya Pradesh | 6,000.00 | |||
| Maharashtra | 4,500.00 | |||
| Nagaland | 200.00 | |||
| Odisha | 1,000.00 | |||
| Punjab | 1,500.00 | |||
| Rajasthan | 3,000.00 | |||
| Tamil Nadu | 4,000.00 | |||
| Telangana | 1,000.00 | |||
| Uttarakhand | 500.00 | |||
| West Bengal | 4,000.00 | |||
| February 2026 | February 03, 2026 (Tuesday) | 42,800 | Andhra Pradesh | 5,500.00 |
| Assam | 1,000.00 | |||
| Chhattisgarh | 2,000.00 | |||
| Goa | 100.00 | |||
| Gujarat | 2,000.00 | |||
| Haryana | 1,000.00 | |||
| Jammu & Kashmir | 500.00 | |||
| Karnataka | 8,000.00 | |||
| Kerala | 1,000.00 | |||
| Madhya Pradesh | 5,200.00 | |||
| Maharashtra | 4,500.00 | |||
| Odisha | 1,000.00 | |||
| Punjab | 1,000.00 | |||
| Rajasthan | 1,000.00 | |||
| Tamil Nadu | 4,000.00 | |||
| Uttar Pradesh | 2,000.00 | |||
| West Bengal | 3,000.00 | |||
| February 10, 2026 (Tuesday) | 42,750 | Assam | 1,000.00 | |
| Bihar | 3,000.00 | |||
| Chhattisgarh | 2,000.00 | |||
| Gujarat | 2,000.00 | |||
| Haryana | 3,000.00 | |||
| Karnataka | 7,000.00 | |||
| Madhya Pradesh | 5,000.00 | |||
| Maharashtra | 4,500.00 | |||
| Manipur | 150.00 | |||
| Mizoram | 100.00 | |||
| Odisha | 1,000.00 | |||
| Punjab | 1,000.00 | |||
| Tamil Nadu | 4,000.00 | |||
| Telangana | 2,000.00 | |||
| Tripura | 500.00 | |||
| Uttar Pradesh | 2,000.00 | |||
| Uttarakhand | 500.00 | |||
| West Bengal | 4,000.00 | |||
| February 17, 2026 (Tuesday) | 39,000 | Assam | 2,000.00 | |
| Chhattisgarh | 2,000.00 | |||
| Goa | 100.00 | |||
| Haryana | 2,000.00 | |||
| Jammu & Kashmir | 500.00 | |||
| Jharkhand | 3,000.00 | |||
| Karnataka | 8,000.00 | |||
| Maharashtra | 4,500.00 | |||
| Nagaland | 500.00 | |||
| Odisha | 1,000.00 | |||
| Puducherry | 400.00 | |||
| Punjab | 1,000.00 | |||
| Rajasthan | 2,500.00 | |||
| Sikkim | 500.00 | |||
| Tamil Nadu | 4,000.00 | |||
| Telangana | 1,000.00 | |||
| Uttar Pradesh | 2,000.00 | |||
| Uttarakhand | 500.00 | |||
| West Bengal | 3,500.00 | |||
| February 24, 2026 (Tuesday) | 44,221 | Bihar | 3,121.00 | |
| Chhattisgarh | 2,000.00 | |||
| Goa | 100.00 | |||
| Gujarat | 2,000.00 | |||
| Haryana | 2,000.00 | |||
| Himachal Pradesh | 800.00 | |||
| Karnataka | 8,000.00 | |||
| Kerala | 2,000.00 | |||
| Madhya Pradesh | 6,200.00 | |||
| Maharashtra | 4,000.00 | |||
| Odisha | 1,000.00 | |||
| Punjab | 1,000.00 | |||
| Rajasthan | 3,000.00 | |||
| Tamil Nadu | 4,000.00 | |||
| Telangana | 1,000.00 | |||
| Uttarakhand | 500.00 | |||
| West Bengal | 3,500.00 | |||
| March 2026 | March 02, 2026 (Monday) | 35,805 | Andhra Pradesh | 5,500.00 |
| Assam | 1,000.00 | |||
| Chhattisgarh | 2,000.00 | |||
| Goa | 100.00 | |||
| Haryana | 1,000.00 | |||
| Jammu & Kashmir | 417.00 | |||
| Karnataka | 8,000.00 | |||
| Kerala | 1,000.00 | |||
| Maharashtra | 4,000.00 | |||
| Punjab | 1,500.00 | |||
| Rajasthan | 2,000.00 | |||
| Sikkim | 288.00 | |||
| Tamil Nadu | 3,000.00 | |||
| Uttar Pradesh | 2,000.00 | |||
| West Bengal | 4,000.00 | |||
| March 10, 2026 (Tuesday) | 39,270 | Assam | 900.00 | |
| Chhattisgarh | 2,000.00 | |||
| Haryana | 1,000.00 | |||
| Himachal Pradesh | 1,000.00 | |||
| Jammu & Kashmir | 500.00 | |||
| Karnataka | 8,000.00 | |||
| Kerala | 1,000.00 | |||
| Madhya Pradesh | 5,000.00 | |||
| Maharashtra | 4,000.00 | |||
| Mizoram | 100.00 | |||
| Puducherry | 270.00 | |||
| Punjab | 1,000.00 | |||
| Rajasthan | 2,000.00 | |||
| Tamil Nadu | 4,000.00 | |||
| Telangana | 2,000.00 | |||
| Uttar Pradesh | 2,000.00 | |||
| Uttarakhand | 1,000.00 | |||
| West Bengal | 3,500.00 | |||
| March 17, 2026 (Tuesday) | 43,800 | Chhattisgarh | 2,000.00 | |
| Goa | 100.00 | |||
| Gujarat | 1,000.00 | |||
| Haryana | 2,000.00 | |||
| Jharkhand | 1,000.00 | |||
| Karnataka | 7,000.00 | |||
| Kerala | 2,000.00 | |||
| Madhya Pradesh | 6,000.00 | |||
| Maharashtra | 4,000.00 | |||
| Manipur | 200.00 | |||
| Nagaland | 500.00 | |||
| Punjab | 1,500.00 | |||
| Rajasthan | 3,000.00 | |||
| Tamil Nadu | 4,000.00 | |||
| Telangana | 2,000.00 | |||
| Uttar Pradesh | 2,000.00 | |||
| Uttarakhand | 1,000.00 | |||
| West Bengal | 4,500.00 | |||
| March 24, 2026 (Tuesday) | 47,985 | Assam | 900.00 | |
| Chhattisgarh | 2,000.00 | |||
| Goa | 100.00 | |||
| Gujarat | 2,000.00 | |||
| Haryana | 3,000.00 | |||
| Jammu & Kashmir | 900.00 | |||
| Jharkhand | 2,000.00 | |||
| Karnataka | 7,000.00 | |||
| Kerala | 1,910.00 | |||
| Madhya Pradesh | 6,200.00 | |||
| Maharashtra | 4,000.00 | |||
| Punjab | 1,006.00 | |||
| Rajasthan | 4,469.00 | |||
| Tamil Nadu | 4,000.00 | |||
| Uttar Pradesh | 2,000.00 | |||
| Uttarakhand | 1,000.00 | |||
| West Bengal | 5,500.00 | |||
| March 27, 2026 (Friday) | 12,000 | Gujarat | 1,000.00 | |
| Haryana | 2,000.00 | |||
| Maharashtra | 4,000.00 | |||
| Odisha | 1,000.00 | |||
| Tamil Nadu | 2,000.00 | |||
| Uttar Pradesh | 2,000.00 | |||
| Total | 4,99,821 | 4,99,821 | ||
The actual amount of borrowings and the details of the States/UTs participating would be intimated by way of press releases two/ three days prior to the actual auction day and would depend on the requirement of the State Governments/UTs, approval from the Government of India under Article 293(3) of the Constitution of India and market conditions.
Related Articles
-
-
-
-
-
-
-
-
-
-
-
-
