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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 |
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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. RBI would endeavour to conduct the auctions in a non-disruptive manner, taking into account the market conditions and other relevant factors and distribute the borrowings evenly throughout the quarter. RBI reserves the right to modify the dates and the amount of auction in consultation with State Governments/UTs.
(Brij Raj)
Chief General Manager
Press Release: 2025-2026/1839
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