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Press Release


PDF document (421 kb)
Date : Apr 01, 2025
Indicative Calendar of Market borrowings by State Governments/ Union Territories for the Quarter April – June 2025

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   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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