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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 October – December 2025, is expected to be ₹2,81,865.00 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 ₹ Crore) |
States/UTs who have confirmed participation and the tentative amount of borrowing (in ₹ Crore) |
| October 2025 |
October 07, 2025 (Tuesday) |
9,410 |
Andhra Pradesh |
1,900.00 |
| Gujarat |
2,000.00 |
| Jammu and Kashmir |
400.00 |
| Maharashtra |
5,000.00 |
| Mizoram |
110.00 |
| October 14, 2025 (Tuesday) |
29,100 |
Assam |
900.00 |
| Bihar |
1,500.00 |
| Gujarat |
3,000.00 |
| Jammu and Kashmir |
300.00 |
| Karnataka |
2,000.00 |
| Madhya Pradesh |
5,200.00 |
| Maharashtra |
5,000.00 |
| Nagaland |
400.00 |
| Odisha |
1,000.00 |
| Punjab |
1,000.00 |
| Rajasthan |
2,000.00 |
| Sikkim |
500.00 |
| Tamil Nadu |
2,000.00 |
| Telangana |
1,000.00 |
| Tripura |
300.00 |
| Uttar Pradesh |
3,000.00 |
| October 20, 2025 (Monday) |
16,750 |
Chhattisgarh |
1,000.00 |
| Goa |
100.00 |
| Gujarat |
3,000.00 |
| Maharashtra |
5,000.00 |
| Meghalaya |
150.00 |
| Odisha |
1,000.00 |
| Tamil Nadu |
3,000.00 |
| Uttar Pradesh |
3,000.00 |
| Uttarakhand |
500.00 |
| October 28, 2025 (Tuesday) |
30,900 |
Bihar |
1,500.00 |
| Chhattisgarh |
500.00 |
| Goa |
100.00 |
| Gujarat |
2,000.00 |
| Haryana |
1,000.00 |
| Himachal Pradesh |
500.00 |
| Jammu and Kashmir |
300.00 |
| Kerala |
2,000.00 |
| Maharashtra |
5,000.00 |
| Odisha |
1,000.00 |
| Punjab |
500.00 |
| Rajasthan |
4,500.00 |
| Tamil Nadu |
4,000.00 |
| Telangana |
1,000.00 |
| Uttar Pradesh |
3,000.00 |
| Uttarakhand |
1,000.00 |
| West Bengal |
3,000.00 |
| November 2025 |
November 04, 2025 (Tuesday) |
19,450 |
Andhra Pradesh |
5,000.00 |
| Arunachal Pradesh |
200.00 |
| Chhattisgarh |
1,000.00 |
| Goa |
100.00 |
| Jammu and Kashmir |
150.00 |
| Kerala |
1,000.00 |
| Maharashtra |
2,500.00 |
| Punjab |
500.00 |
| Tamil Nadu |
3,000.00 |
| Uttar Pradesh |
3,000.00 |
| West Bengal |
3,000.00 |
| November 11, 2025 (Tuesday) |
25,960 |
Assam |
900.00 |
| Bihar |
1,500.00 |
| Goa |
100.00 |
| Gujarat |
2,000.00 |
| Haryana |
1,500.00 |
| Jammu and Kashmir |
300.00 |
| Madhya Pradesh |
6,200.00 |
| Maharashtra |
2,500.00 |
| Meghalaya |
250.00 |
| Mizoram |
110.00 |
| Odisha |
1,000.00 |
| Punjab |
500.00 |
| Tamil Nadu |
2,000.00 |
| Telangana |
1,600.00 |
| Tripura |
500.00 |
| Uttar Pradesh |
3,000.00 |
| West Bengal |
2,000.00 |
| November 18, 2025 (Tuesday) |
21,400 |
Assam |
900.00 |
| Chhattisgarh |
1,000.00 |
| Goa |
100.00 |
| Jammu and Kashmir |
400.00 |
| Jharkhand |
2,000.00 |
| Maharashtra |
2,500.00 |
| Odisha |
1,000.00 |
| Rajasthan |
1,000.00 |
| Sikkim |
500.00 |
| Tamil Nadu |
4,000.00 |
| Telangana |
1,000.00 |
| Uttar Pradesh |
3,000.00 |
| Uttarakhand |
1,000.00 |
| West Bengal |
3,000.00 |
| November 25, 2025 (Tuesday) |
26,349 |
Bihar |
1,500.00 |
| Chhattisgarh |
1,000.00 |
| Goa |
100.00 |
| Gujarat |
2,000.00 |
| Haryana |
1,000.00 |
| Himachal Pradesh |
500.00 |
| Jammu and Kashmir |
300.00 |
| Kerala |
1,000.00 |
| Maharashtra |
1,699.00 |
| Odisha |
1,000.00 |
| Puducherry |
250.00 |
| Punjab |
500.00 |
| Rajasthan |
4,500.00 |
| Tamil Nadu |
4,000.00 |
| Telangana |
1,000.00 |
| Uttar Pradesh |
3,000.00 |
| West Bengal |
3,000.00 |
| December 2025 |
December 02, 2025 (Tuesday) |
21,000 |
Andhra Pradesh |
5,000.00 |
| Chhattisgarh |
500.00 |
| Goa |
100.00 |
| Karnataka |
3,000.00 |
| Kerala |
400.00 |
| Punjab |
1,000.00 |
| Rajasthan |
1,000.00 |
| Tamil Nadu |
4,000.00 |
| Uttar Pradesh |
3,000.00 |
| Uttarakhand |
500.00 |
| West Bengal |
2,500.00 |
| December 09, 2025 (Tuesday) |
21,680 |
Arunachal Pradesh |
375.00 |
| Assam |
900.00 |
| Bihar |
1,500.00 |
| Chhattisgarh |
1,000.00 |
| Goa |
100.00 |
| Gujarat |
2,000.00 |
| Haryana |
1,500.00 |
| Jammu and Kashmir |
300.00 |
| Karnataka |
2,000.00 |
| Mizoram |
105.00 |
| Nagaland |
400.00 |
| Odisha |
1,000.00 |
| Tamil Nadu |
2,000.00 |
| Telangana |
2,000.00 |
| Tripura |
500.00 |
| Uttar Pradesh |
3,000.00 |
| West Bengal |
3,000.00 |
| December 16, 2025 (Tuesday) |
17,690 |
Chhattisgarh |
500.00 |
| Goa |
100.00 |
| Haryana |
1,000.00 |
| Madhya Pradesh |
4,240.00 |
| Manipur |
150.00 |
| Meghalaya |
350.00 |
| Odisha |
1,000.00 |
| Puducherry |
250.00 |
| Punjab |
600.00 |
| Tamil Nadu |
3,000.00 |
| Uttar Pradesh |
3,000.00 |
| Uttarakhand |
500.00 |
| West Bengal |
3,000.00 |
| December 23, 2025 (Tuesday) |
26855 |
Assam |
900.00 |
| Bihar |
1,500.00 |
| Chhattisgarh |
1,000.00 |
| Goa |
100.00 |
| Gujarat |
2,000.00 |
| Haryana |
1,500.00 |
| Jammu and Kashmir |
400.00 |
| Jharkhand |
2,000.00 |
| Karnataka |
3,000.00 |
| Odisha |
1,000.00 |
| Rajasthan |
1,455.00 |
| Tamil Nadu |
4,000.00 |
| Telangana |
2,000.00 |
| Uttar Pradesh |
3,000.00 |
| West Bengal |
3,000.00 |
| December 30, 2025 (Tuesday) |
15,321 |
Bihar |
852.00 |
| Goa |
100.00 |
| Gujarat |
2,000.00 |
| Haryana |
1,000.00 |
| Himachal Pradesh |
500.00 |
| Jammu and Kashmir |
376.00 |
| Karnataka |
2,000.00 |
| Punjab |
493.00 |
| Tamil Nadu |
4,000.00 |
| Uttarakhand |
500.00 |
| West Bengal |
3,500.00 |
| Total |
2,81,865.00 |
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2,81,865.00 |
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: 2025-2026/1247
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