# RBI to auction Rs 20,200 crore state government securities on August 18 2026-08-16T10:43:21+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet (2 source reports) The Reserve Bank of India (RBI) will conduct an auction of state government securities worth Rs 20,200 crore (face value) on August 18, 2026, via its E-Kuber system. Twelve states and union territories, including Assam, Bihar, Kerala, Uttar Pradesh and West Bengal, will offer stock through price or yield-based auctions. The RBI has separately announced the results of a conversion or switch auction for Government of India securities. In the state securities auction, competitive bids must be submitted between 10:30 AM and 11:30 AM, and non-competitive bids between 10:30 AM and 11:00 AM on the auction day. Up to 10 per cent of the notified amount for each stock will be allotted to eligible individuals and institutions under the non-competitive bidding facility, with a maximum of one per cent per single bid per stock. Individual investors may also bid via the Retail Direct portal. The RBI also released the results of its switch auction of Government of India securities, where five source securities, including 8.26 per cent GS 2027 and 7.17 per cent GS 2028, were accepted for conversion into longer-dated papers such as 7.19 per cent GS 2060 and 6.64 per cent GS 2035. The cut-off yields for the destination securities ranged from 6.6217 per cent to 7.4434 per cent. ## Coverage - rbi.org.in - rbi.org.in (2) This story was synthesised by AI from the 2 sources linked above. Updated: this story now draws on 2 sources. Last updated 2026-08-17T11:55:58+00:00. Tags: E-Kuber, Government Bond Auction, RBI, Retail Direct, state government securities Canonical: https://indianopinion.org/rbi-to-auction-rs-20200-crore-state-securities-on-august-18/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-to-auction-rs-20200-crore-state-securities-on-august-18/#story-in-brief How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/