Indian states mobilised ₹25,000 crore via State Government Securities (SGS) auction on September 23, with cut-off yields largely around 7.26-7.45%, according to Reserve Bank of India (RBI). Telangana led with ₹5,000 crore, followed by Bihar at ₹4,000 crore. Other states, including Kerala, Gujarat, and West Bengal, also tapped the market, reflecting steady borrowing demand and stable yields.