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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 April – June 2025, is expected to be ₹2,73,255 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) |
| April 2025 |
April 03, 2025 (Thursday) |
11,800 |
Andhra Pradesh |
5,750 |
| Himachal Pradesh |
900 |
| Jammu and Kashmir |
500 |
| Meghalaya |
350 |
| Punjab |
3300 |
| Rajasthan |
1000 |
| April 08, 2025 (Tuesday) |
20,900 |
Andhra Pradesh |
2,000 |
| Assam |
900 |
| Haryana |
1,000 |
| Jammu and Kashmir |
500 |
| Kerala |
2,000 |
| Maharashtra |
6,000 |
| Odisha |
1,000 |
| Punjab |
3,000 |
| Rajasthan |
2,000 |
| Tamil Nadu |
1,000 |
| Uttarakhand |
500 |
| Uttar Pradesh |
1,000 |
| April 15, 2025 (Tuesday) |
15,750 |
Chhattisgarh |
1,000 |
| Goa |
100 |
| Gujarat |
1,000 |
| Maharashtra |
6,000 |
| Meghalaya |
150 |
| Punjab |
1,500 |
| Tamil Nadu |
1,000 |
| Telangana |
2,000 |
| Uttar Pradesh |
1,000 |
| West Bengal |
2,000 |
| April 22, 2025 (Tuesday) |
17,700 |
Assam |
500 |
| Goa |
100 |
| Haryana |
1,000 |
| Kerala |
2,000 |
| Maharashtra |
6,000 |
| Mizoram |
100 |
| Odisha |
1,000 |
| Punjab |
500 |
| Rajasthan |
500 |
| Tamil Nadu |
2,000 |
| Uttarakhand |
500 |
| Uttar Pradesh |
1,000 |
| West Bengal |
2,500 |
| April 29, 2025 (Tuesday) |
27,100 |
Andhra Pradesh |
4,000 |
| Chhattisgarh |
1,000 |
| Goa |
100 |
| Gujarat |
3,000 |
| Haryana |
1,000 |
| Kerala |
1,000 |
| Maharashtra |
6,000 |
| Punjab |
500 |
| Rajasthan |
3,500 |
| Tamil Nadu |
1,000 |
| Telangana |
2,000 |
| Uttar Pradesh |
1,000 |
| West Bengal |
3,000 |
| May 2025 |
May 06, 2025 (Tuesday) |
20,500 |
Bihar |
2,000 |
| Goa |
100 |
| Gujarat |
2,000 |
| Haryana |
1,000 |
| Himachal Pradesh |
800 |
| Kerala |
1,000 |
| Maharashtra |
5,000 |
| Mizoram |
100 |
| Punjab |
2,000 |
| Rajasthan |
1,000 |
| Tamil Nadu |
2,000 |
| Telangana |
2,000 |
| Uttarakhand |
500 |
| Uttar Pradesh |
1,000 |
| May 13, 2025 (Tuesday) |
17,400 |
Assam |
900 |
| Gujarat |
2,000 |
| Haryana |
1,500 |
| Kerala |
1,000 |
| Maharashtra |
6,000 |
| Odisha |
1,000 |
| Punjab |
1,000 |
| Tamil Nadu |
1,000 |
| Uttar Pradesh |
1,000 |
| West Bengal |
2,000 |
| May 20, 2025 (Tuesday) |
26,500 |
Bihar |
2,000 |
| Chhattisgarh |
1,000 |
| Goa |
100 |
| Karnataka |
2,000 |
| Kerala |
1,000 |
| Madhya Pradesh |
5,000 |
| Maharashtra |
5,000 |
| Manipur |
150 |
| Meghalaya |
150 |
| Nagaland |
300 |
| Punjab |
500 |
| Rajasthan |
1,000 |
| Sikkim |
300 |
| Tamil Nadu |
2,000 |
| Telangana |
2,000 |
| Uttarakhand |
500 |
| Uttar Pradesh |
1,000 |
| West Bengal |
2,500 |
| May 27, 2025 (Tuesday) |
28,900 |
Andhra Pradesh |
5,000 |
| Bihar |
2,000 |
| Goa |
100 |
| Gujarat |
2,000 |
| Haryana |
2,000 |
| Jammu and Kashmir |
800 |
| Karnataka |
2,000 |
| Maharashtra |
2,000 |
| Odisha |
1,000 |
| Punjab |
500 |
| Rajasthan |
4,000 |
| Tamil Nadu |
2,000 |
| Telangana |
1,000 |
| Uttar Pradesh |
1,000 |
| West Bengal |
3,500 |
| June 2025 |
June 03, 2025 (Tuesday) |
20,900 |
Bihar |
2,000 |
| Chhattisgarh |
1,000 |
| Goa |
100 |
| Gujarat |
1,000 |
| Haryana |
1,000 |
| Himachal Pradesh |
800 |
| Kerala |
2,000 |
| Maharashtra |
2,000 |
| Punjab |
2,000 |
| Rajasthan |
1,500 |
| Tamil Nadu |
2,000 |
| Telangana |
2,000 |
| Uttarakhand |
500 |
| Uttar Pradesh |
1,000 |
| West Bengal |
2,000 |
| June 10, 2025 (Tuesday) |
11,505 |
Assam |
900 |
| Gujarat |
1,000 |
| Haryana |
1,000 |
| Jammu and Kashmir |
505 |
| Karnataka |
2,000 |
| Maharashtra |
2,000 |
| Mizoram |
100 |
| Punjab |
1,000 |
| Tamil Nadu |
2,000 |
| Uttar Pradesh |
1,000 |
| June 17, 2025 (Tuesday) |
24,200 |
Bihar |
2,000 |
| Goa |
100 |
| Karnataka |
2,000 |
| Madhya Pradesh |
5,000 |
| Maharashtra |
2,000 |
| Manipur |
150 |
| Meghalaya |
200 |
| Odisha |
1,000 |
| Puducherry |
250 |
| Punjab |
500 |
| Rajasthan |
2,500 |
| Tamil Nadu |
2,000 |
| Telangana |
2,000 |
| Uttar Pradesh |
1,000 |
| West Bengal |
3,500 |
| June 24, 2025 (Tuesday) |
30,100 |
Andhra Pradesh |
5,000 |
| Assam |
500 |
| Bihar |
2,000 |
| Chhattisgarh |
1,000 |
| Goa |
100 |
| Gujarat |
1,500 |
| Haryana |
1,000 |
| Jammu and Kashmir |
200 |
| Karnataka |
2,000 |
| Kerala |
1,000 |
| Maharashtra |
2,000 |
| Punjab |
500 |
| Rajasthan |
4,000 |
| Sikkim |
300 |
| Tamil Nadu |
2,000 |
| Telangana |
1,000 |
| Uttarakhand |
1,000 |
| Uttar Pradesh |
1,000 |
| West Bengal |
4,000 |
| Total |
2,73,255.000 |
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2,73,255.000 |
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 the 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.
(Puneet Pancholy)
Chief General Manager
Press Release: 2025-2026/9
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