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State borrowing to rise 26% to ₹3.6 tn in Q3 under new issuance strategy: ICRA
Mint
October 5, 2026
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26 states and UTs have adopted the RBI's Benchmark Issuance Strategy (BIS), making up 77% of the total planned borrowing in Q3. The BIS was introduced on a pilot basis in Q1 FY27 and requires participating states to issue securities within specified maturity buckets, instead of random tenors.
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