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State Borrowings Dip Sharply in Apr to Gauge Cash Flow, Timelines
Mint Hyderabad
|April 30, 2025
State government borrowings through securities declined sharply to ₹53,870 crore in April from ₹2.25 trillion in March, according to the latest data from the Reserve Bank of India (RBI), likely deferring costlier loans to suit spending.
On Tuesday, 10 states raised ₹24,700 crore through auctions of State Development Loans (SDLs), the largest tranche during the month. Earlier in April, states had mobilized funds in four smaller tranches of ₹11,800 crore, ₹3,500 crore, ₹3,000 crore and ₹10,870 crore.
SDLs are bonds issued by state governments to finance budgetary needs and fund development projects across infrastructure, health, education and other public services.
These securities are auctioned by the RBI and are a key tool for states to raise resources from the market.
This story is from the April 30, 2025 edition of Mint Hyderabad.
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