Indicative Calendar of Market Borrowings by State Governments for the Quarter July – September 2016

The Reserve Bank of India, in consultation with the State Governments, has issued an indicative calendar on the quantum of market borrowings by the State Governments and the Union Territory of Puducherry, for the quarter July-September 2016. The total borrowing expected to be in the range of Rs. 70,000 crore to Rs. 75,000 crore. The schedule of auctions along with the names of states which have confirmed participation and their indicative date-wise borrowings during the quarter is as under:

Indicative calendar of State Governments Market Borrowings
(July to September 2016-QII)

Month Proposed Date of Auction Expected Quantum of borrowing
(₹ in crore)
States who have confirmed participation and the tentative amounts of borrowing
(₹ in crore)
July 2016 12.07.2016 11,000-12,000 Andhra Pradesh 1,500
Maharashtra 2,500
Tamil Nadu 1,875
Telangana 1,500
Uttar Pradesh 1,500
West Bengal 1,500
26.07.2016 11,500-12,000 Andhra Pradesh 500
Chhattisgarh 500
Maharashtra 2,500
Meghalaya 50
Tamil Nadu 1,500
Uttar Pradesh 1,500
Uttarakhand 400
West Bengal 1,000
August 2016 08.08.2016 13,000-13,500 Andhra Pradesh 1,000
Maharashtra 2,500
Rajasthan 500
Tamil Nadu 1,500
Telangana 1,500
Uttar Pradesh 1,500
West Bengal 500
23.08.2016 12,000-13,000 Andhra Pradesh 1,000
Chhattisgarh 500
Maharashtra 2,500
Rajasthan 500
Tamil Nadu 1,500
Tripura 250
Uttar Pradesh 1,500
Uttarakhand 400
West Bengal 1,000
September 2016 12.09.2016 12,500-13,500 Andhra Pradesh 1,000
Maharashtra 2,500
Meghalaya 100
Nagaland 150
Rajasthan 2,000
Tamil Nadu 1,875
Telangana 1,500
Uttar Pradesh 1,500
West Bengal 1,000
27.09.2016 10,000-11,000 Andhra Pradesh 1000
Chhattisgarh 500
Maharashtra 2,500
Rajasthan 1,000
Uttar Pradesh 1,500
Uttarakhand 400
West Bengal 1,000
Total 70,000 to 75,000    

The actual amount of borrowings and the details of the states participating would be intimated by way of press release two/three days prior to the actual auction day and would depend on the requirement of the State Governments, 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.

Ajit Prasad
Assistant Adviser

Press Release : 2015-2016/3058