Reserve Bank of India published this on 1 October 2026. The official summary reads:
With an objective to enhancing transparency and providing greater clarity to the investors, Reserve Bank introduced the Benchmark Issuance Strategy (BIS) on a pilot basis commencing Q1: FY 2026-27 involving nine States, viz., Andhra Pradesh, Bihar, Chhattisgarh, Keralam, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, and Uttar Pradesh. Subsequently, nine other States and one Union Territory (UT), namely Himachal Pradesh, Jharkhand, Manipur, Meghalaya, Odisha, Punjab, Sikkim, Uttarakhand, West Bengal and Delhi were included under BIS framework from Q2: FY 2026-27. Based on experience gained and concurrence received from six more States and one UT, the BIS framework is being extended to States of Assam, Goa, Haryana, Mizoram, Nagaland, Tripura and UT of Jammu and Kashmir, starting from Q3: FY 2026-27. In consultation with States/UTs which have adopted BIS, the indicative calendar for…
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