Debt Management

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 14,000 March 04, 2026 (Wednesday) March 05, 2026 (Thursday) 2 182-Day 12,000 3 364-Day 8,000 Total 34,000

Auction Results 6.48% GS 2035 I. Notified Amount 32,000 II. Competitive Bids Received (i) Number 388 (ii) Amount 81,040.000 III. Cut-off price / Yield 98.36 (YTM: 6.7134%) IV. Competitive Bids Accepted (i) Number 156 (ii) Amount 31,981.478

6.48% GS 2035 I. Notified Amount ₹32,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 98.36 / 6.7134% III. Amount accepted in the auction ₹32,000 crore IV. Devolvement on Primary Dealers NIL

In the underwriting auction conducted on February 27, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government security, the Reserve Bank of India

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹43,130 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Assam 1000 - 09 Yield 2. Chhattisgarh 1000 - 12 Yield 1000 - 17 Yield 3. Gujarat 1000 500 06 year and 06 months Yield 1000 500 10 Yield

The Reserve Bank of India (RBI) has, by an order dated February 23, 2026, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Belagavi District Central Co-operative Bank Limited, Karnataka (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on ‘Gold Loan – Bullet Repayment’ and ‘Exposure to Commercial Real Estate’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the BR Act.

Government of India has announced the sale (re-issue) of Government Security, as detailed below, through auction to be held on February 27, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dealer (PD), are as under:

Auction Results 91-Day 182-Day 364-Day I. Notified Amount 14,000 12,000 8,000 II. Competitive Bids Received (i) Number 141 146 144 (ii) Amount 46,398.905 52,283.100 31,215.100 III. Cut-off price / Yield 98.6959 97.3262 94.7230 (YTM: 5.2998 %) (YTM: 5.5096 %) (YTM: 5.5863 %) IV. Competitive Bids Accepted (i) Number 63 26 46 (ii) Amount 13,981.229 11,988.615 7,936.284

T-Bill 91-Day 182-Day 364-Day I. Total Face Value Notified ₹14,000 Crore ₹12,000 Crore ₹8,000 Crore II. Cut-off Price and Implicit Yield at Cut-Off Price 98.6959 (YTM:5.2998%) 97.3262 (YTM: 5.5096%) 94.7230 (YTM: 5.5863%) III. Total Face Value Accepted ₹14,000 Crore ₹12,000 Crore ₹8,000 Crore

The result of the auction of State Government Securities held on February 24, 2026, is as under: (Amount in ₹ Crore) ANDHRA PRADESH SGS 2042    ANDHRA PRADESH SGS 2047    BIHAR SGS 2041    BIHAR SGS 2054 Notified Amount    1500    1600    1500    1600 Tenor    16 -Years    21 -Years    15 -Years    28 -Years Competitive Bids Received    (i) No.    127    58    191    35 (ii) Amount    10494    5140    9338.50    4410 Cut-off Yield (%)    7.69    7.70    7.72    7.69 Cut off Price (₹)    100    100    100    100 Competitive Bids Accepted    (i) No.    12    1    53    2 (ii) Amount    1350    1507.161    1350    1582.678 Partial Allotment Percentage of Competitive Bids    

Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Andhra Pradesh 1500 1500 7.69 16 1600 1600 7.70 21 2. Bihar 1500 1500 7.72 15 1600 1600 7.69 28 3. Chhattisgarh 1000 1000 7.64 14 1000 1000 98.78/7.7096 Re-issue of 7.59% Chhattisgarh SGS 2046, issued on January 07, 2026 4. Goa 100 100 7.50 10 5. Gujarat* 1000 1500 7.24 07 year and 06 months 1000 1000 7.40 10 6. Haryana 1000 1000 7.67 15

A. Source Security 6.97% GS 2026 6.97% GS 2026 5.74% GS 2026 8.15% GS 2026 8.24% GS 2027 8.24% GS 2027 B. Notified Amount (in ₹ crore) 3,000 2,000 4,000 6,000 7,000 3,000 Destination Security 8.32% GS 2032 7.50% GS 2034 7.62% GS 2039 6.57% GS 2033 6.57% GS 2033 7.40% GS 2062 C. i. No. of offers received 23 21 6 7 13 2 ii. Total amount of Source Security offered (Face value, in ₹ crore) 3,352.363 2,410.968 1,123.583 5,305.000 5,745.000 2,025.000 iii. No. of offers accepted 17 10 4 6 9 0

In terms of Para 13 of the Consolidated Procedural Guidelines on the Sovereign Gold Bond (SGB) Scheme issued by the Reserve Bank of India vide circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021, premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds. 2. Accordingly, the details of tranches falling due for premature redemption during the period April 01, 2026 – September 30, 2026, along with the window available for submission of request for premature redemption by the investors are as under:

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹44,550 Crore (Face Value).

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 14,000 February 25, 2026 (Wednesday) February 26, 2026 (Thursday) 2 182-Day 12,000 3 364-Day 8,000 Total 34,000 The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-B(W&M)/2018 dated March 26, 2025, issued by Government of India, as amended from time to time. State Governments, Union Territories with legislature, eligible Provident

Auction Results 6.03% GS 2029 6.68% GS 2033 7.24% GS 2055 I. Notified Amount 9,000 11,000 13,000 II. Competitive Bids Received (i) Number 59 163 239 (ii) Amount 19,913.100 31,664.000 31,070.000 III. Cut-off price / Yield 100.16 99.84 97.06 (YTM: 5.9676%) (YTM: 6.7080%) (YTM: 7.4885%)

6.03% GS 2029 6.68% GS 2033 7.24% GS 2055 I. Notified Amount ₹9,000 crore ₹11,000 crore ₹13,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.16 /5.9676% 99.84 /6.7080% 97.06 /7.4885% III. Amount accepted in the auction ₹9,000 crore ₹11,000 crore ₹13,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL

In the underwriting auction conducted on February 20, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹crore) Minimum Underwriting Commitment (MUC) Amount (₹crore) Additional Competitive Underwriting Amount Accepted (₹crore) Total Amount underwritten (₹crore) ACU Commission Cut-off rate (Paise per ₹100) 6.03% GS 2029 9,000 4,515 4,485 9,000 0.30 6.68% GS 2033 11,000 5,502 5,498 11,000 0.60 7.24% GS 2055 13,000 6,510 6,490 13,000 1.88

(Amount in ₹ crore) Auction Results 91-Day 182-Day 364-Day I. Notified Amount 14,000 12,000 8,000 II. Competitive Bids Received (i) Number 143 163 138 (ii) Amount 44,579.610 51,326.750 29,355.000 III. Cut-off price / Yield 98.6916 97.3137 94.711 (YTM: 5.3176 %) (YTM: 5.5361 %) (YTM: 5.5997 %) IV. Competitive Bids Accepted

T-Bill 91-Day 182-Day 364-Day I. Total Face Value Notified ₹14,000 Crore ₹12,000 Crore ₹8,000 Crore II. Cut-off Price and Implicit Yield at Cut-Off Price 98.6916 (YTM:5.3176%) 97.3137 (YTM: 5.5361%) 94.7110 (YTM: 5.5997%) III. Total Face Value Accepted ₹14,000 Crore ₹12,000 Crore ₹8,000 Crore