States have been increasing their dependence on 'reissued bonds' to raise funds, with such issuances accounting for nearly two-thirds of their total market borrowings in the first half of FY27.
According to data compiled by PTI from the Reserve Bank of India (RBI), states raised Rs 4.98 lakh crore through State Development Loans (SDLs) in the first half of FY27, of which Rs 3.28 lakh crore came through reissuances, accounting for 65.94 per cent of the total.
