RBI issues Oct-Dec 2026 state borrowing calendar
In short
The RBI issued the indicative borrowing calendar for State Governments and Union Territories for October–December 2026. It said total market borrowings are expected to be ₹3,60,820 crore, and that the plan was made with States and UTs using its Benchmark Issuance Strategy.
This matters because it gives investors and state lenders a clearer schedule. The final borrowings and which States and UTs will come to auction are still not fully fixed.
What the reporting says
The Reserve Bank of India released an indicative calendar for State Governments and Union Territories to borrow in the October–December 2026 quarter, with expected total market borrowings of ₹3,60,820 crore. The RBI said the calendar was prepared in consultation with participating States and UTs under its Benchmark Issuance Strategy, which it is extending to more jurisdictions from FY 2026-27. Actual borrowing amounts and participating issuers will be announced two to three days before each auction, leaving the final mix still open.
Why it matters
The Reserve Bank of India published the indicative market borrowing calendar for State Governments and Union Territories for October–December 2026. It said total borrowings are expected to be ₹3,60,820 crore and that the schedule was made in consultation with participating issuers under the Benchmark Issuance Strategy. The release matters for bond investors, state finance departments and the government securities market, but the actual amounts and participating issuers will be confirmed close to each auction.