Indian Economystate-market-borrowing
Indicative Calendar of Market borrowings by State Governments/ Union Territories for the Quarter October – December 2026
RBI’s October–December 2026 calendar places expected State and Union Territory market borrowings at ₹3,60,820 crore. The Benchmark Issuance Strategy now extends to Assam, Goa, Haryana, Mizoram, Nagaland, Tripura and Jammu and Kashmir from Q3: FY 2026-27.
Source published PrelimsAI reviewed/published
Read the original report from Reserve Bank of India — Press Releases (opens in a new tab)Prelims pointers
- Expected State and Union Territory market borrowings for October–December 2026 total ₹3,60,820 crore.
- The Benchmark Issuance Strategy began on a pilot basis in Q1: FY 2026-27 with nine States.
- Nine more States and the Union Territory of Delhi joined the BIS framework from Q2: FY 2026-27.
- Assam, Goa, Haryana, Mizoram, Nagaland, Tripura and Jammu and Kashmir join the BIS framework from Q3: FY 2026-27.
- Actual borrowing depends partly on Government of India approval under Article 293(3) of the Constitution.