Page 2 - State Development Loans

NSE introduces trading of T-bills, SDLs in capital market segment

NSE introduced trading in treasury bills (T-bills) and state development loans (SDLs) in its capital market segment

Borrowings by states double to Rs 1.7 trn in Q1FY21 over Covid-19: Icra

"Icra estimates the net SDL (state development loans) issuance in Q1 FY2021 to have expanded by a sharp 135.6 per cent to Rs 1.4 trillion from Rs 0.6 trillion in Q1 FY2020," it said

BSE to provide non-competitive bidding facility in SDLs to retail investors

The Reserve Bank of India (RBI) in its various measures to encourage retail participation has extended access to primary auctions to SDLs.

Borrowings by states drop 3% in April-August FY19 to Rs 1.32 trillion

Data compiled by the RBI showed Rajasthan topping states in borrowings as it availed of Rs 35 bn in August by way of SDLs

State Development Loans surge to Rs 3.2 trn till January, Maharashtra tops

The borrowings of various state governments by way of State Development Loans went up 8.7 per cent in this fiscal till January end.Total borrowings by the states in this period stood at Rs 3.24 trillion compared with Rs 2.98 trillion in the same period of FY17.In terms of volume of borrowings, Maharashtra topped with Rs 366 billion followed by Tamil Nadu (Rs 342 billion) and Uttar Pradesh (Rs 338 billion), according to a study on 'Debt Market Review' by CARE Ratings.For January 2018, 27 states raised funds worth Rs 486 billion by way of State Development Loans which was 22 per cent higher than the amount raised by the states in the previous month. Average borrowing cost of states during January rose to 20-month high of 7.91 per cent. On a month-on-month basis, it moved up 0.22 per cent.With respect to central government borrowings, government securities aggregating Rs 180 billion, 53 per cent higher than the auctions held in December 2017. During April-January 2018, the central ...