{
 "meta": {
  "dossier": "public-finance",
  "source": "Reserve Bank of India, DBIE (via the Data Bank)",
  "product": "public-finance",
  "base": "n/a",
  "vintage": "2026-10-10",
  "mock": false,
  "geo": "IND",
  "releaseDate": null,
  "revisionPolicy": "Each year passes through three stages: the budget estimate (February before the year), the revised estimate (February of the year) and the accounts (provisional in May after the year, audited later). The RBI's tables restate a year as it moves from one stage to the next; each stage is kept as its own series.",
  "frequency": "quarterly",
  "unit": "pct",
  "latestPeriod": "2026-06 (financial year)",
  "coverage": "Who holds India's state government securities (sdls): banks, insurers, provident and pension funds, mutual funds, foreign investors, the RBI and others, per cent of the total at each quarter-end",
  "note": "RBI Bulletin, Ownership Pattern of Government Securities (DBIE report 1369, provider DP1; Bulletin table 47), quarter-end, dated on the quarter's last month. Shares in per cent; the total in ₹ crore (DBIE serves rupees). Commercial banks include bank primary dealers. 'Others' included pension funds until December 2021; from March 2022 pension funds are shown apart, so 'others' is two series (the table's note 3). State governments are part of 'others'. Shares add to 100 at every quarter (checked). Provisional, subject to revision."
 },
 "dates": [
  "2015-06-01",
  "2015-09-01",
  "2015-12-01",
  "2016-03-01",
  "2016-06-01",
  "2016-09-01",
  "2016-12-01",
  "2017-03-01",
  "2017-06-01",
  "2017-09-01",
  "2017-12-01",
  "2018-03-01",
  "2018-06-01",
  "2018-09-01",
  "2018-12-01",
  "2019-03-01",
  "2019-06-01",
  "2019-09-01",
  "2019-12-01",
  "2020-03-01",
  "2020-06-01",
  "2020-09-01",
  "2020-12-01",
  "2021-03-01",
  "2021-06-01",
  "2021-09-01",
  "2021-12-01",
  "2022-03-01",
  "2022-06-01",
  "2022-09-01",
  "2022-12-01",
  "2023-03-01",
  "2023-06-01",
  "2023-09-01",
  "2023-12-01",
  "2024-03-01",
  "2024-06-01",
  "2024-09-01",
  "2024-12-01",
  "2025-03-01",
  "2025-06-01",
  "2025-09-01",
  "2025-12-01",
  "2026-03-01",
  "2026-06-01"
 ],
 "series": {
  "co_operative_banks": {
   "name": "co_operative_banks_pct",
   "label": "Co-operative Banks, per cent of the total",
   "unit": "pct",
   "color": "#A3A9B4",
   "data": [
    3.29,
    3.46,
    3.72,
    3.92,
    4.01,
    4.2121,
    4.467,
    4.7524,
    4.8198,
    4.8169,
    4.7802,
    4.7759,
    4.7944,
    4.7507,
    4.6674,
    4.5542,
    4.651,
    4.2418,
    4.1562,
    4.117,
    4.3838,
    4.1928,
    4.1103,
    4.0459,
    4.12,
    3.5956,
    4.0747,
    4.0401,
    4.0615,
    3.8897,
    3.7955,
    3.643,
    3.6782,
    3.6018,
    3.5335,
    3.3899,
    3.3769,
    3.2883,
    3.2231,
    3.0782,
    3.019,
    3.0626,
    3.0674,
    3.0117,
    3.054
   ]
  },
  "financial_institutions": {
   "name": "financial_institutions_pct",
   "label": "Financial Institutions, per cent of the total",
   "unit": "pct",
   "color": "#A3A9B4",
   "data": [
    0.41,
    0.18,
    0.22,
    0.25,
    0.25,
    0.265,
    0.2948,
    0.2985,
    0.2677,
    0.2174,
    0.2208,
    0.3508,
    0.346,
    0.4302,
    0.3685,
    0.4183,
    0.438,
    0.3298,
    0.3123,
    0.109,
    1.9595,
    1.9227,
    1.883,
    1.8607,
    1.79,
    1.7163,
    1.7258,
    1.7192,
    1.7281,
    1.7122,
    1.7727,
    1.8407,
    1.8158,
    1.654,
    1.6341,
    1.5911,
    1.5846,
    1.5721,
    1.5809,
    1.48,
    1.5883,
    1.6058,
    1.6209,
    1.5927,
    1.6821
   ]
  },
  "mutual_funds": {
   "name": "mutual_funds_pct",
   "label": "Mutual Funds, per cent of the total",
   "unit": "pct",
   "color": "#A3A9B4",
   "data": [
    0.41,
    0.63,
    0.68,
    1.05,
    1.36,
    1.6231,
    1.3589,
    2.416,
    1.8934,
    1.9235,
    1.6845,
    1.6366,
    1.2047,
    1.0545,
    1.2267,
    1.1985,
    1.2423,
    1.1231,
    1.1956,
    1.14,
    1.7376,
    1.9582,
    1.9191,
    1.8192,
    1.74,
    1.9703,
    1.9097,
    1.8198,
    1.8925,
    2.0753,
    2.0158,
    1.9405,
    2.0829,
    1.8585,
    2.0023,
    2.0936,
    2.081,
    1.9304,
    1.89,
    1.9315,
    1.8385,
    2.1586,
    2.0413,
    2.1953,
    2.0197
   ]
  },
  "commercial_banks": {
   "name": "commercial_banks_pct",
   "label": "Commercial Banks, per cent of the total",
   "unit": "pct",
   "color": "#2E4BD8",
   "data": [
    42,
    41.12,
    40.17,
    42.11,
    41.2,
    40.2215,
    41.25,
    39.0138,
    37.94,
    37.6437,
    38.1313,
    35.7905,
    35.0179,
    34.6614,
    33.9966,
    33.87,
    32.57,
    32.5251,
    32.4649,
    34.987,
    33.54,
    34.6031,
    34.19,
    33.6899,
    33.75,
    35.9363,
    34.4146,
    34.3863,
    34.2195,
    34.367,
    34.3434,
    33.9065,
    34.1251,
    33.8741,
    33.9034,
    34.1437,
    33.8475,
    34.3907,
    35.1139,
    35.3999,
    35.5438,
    34.9993,
    35.3127,
    36.0546,
    36.1026
   ]
  },
  "provident_funds": {
   "name": "provident_funds_pct",
   "label": "Provident Funds, per cent of the total",
   "unit": "pct",
   "color": "#A3A9B4",
   "data": [
    16.04,
    16.42,
    16.69,
    15.95,
    16.39,
    16.8421,
    16.806,
    17.2663,
    18.0985,
    18.3661,
    17.0467,
    19.6694,
    20.3449,
    21.0378,
    21.2919,
    22.1548,
    21.8773,
    22.3637,
    23.6565,
    22.22,
    21.6954,
    21.3138,
    21.1951,
    22.0007,
    21.09,
    18.2689,
    20.6646,
    20.7854,
    20.5198,
    20.1773,
    20.3101,
    21.2854,
    21.1908,
    21.6995,
    21.9999,
    22.3547,
    22.9376,
    23.0194,
    22.9039,
    23.5966,
    23.7231,
    23.6488,
    23.4265,
    23.1141,
    23.0022
   ]
  },
  "pension_funds": {
   "name": "pension_funds_pct",
   "label": "Pension Funds, per cent of the total",
   "unit": "pct",
   "color": "#A3A9B4",
   "data": [
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    4.3226,
    4.4336,
    4.7302,
    4.7434,
    4.8098,
    4.8372,
    4.8182,
    4.5634,
    4.7614,
    4.8731,
    4.871,
    4.8204,
    5.0748,
    4.9618,
    5.0981,
    5.1603,
    5.4254,
    5.4035
   ]
  },
  "rbi": {
   "name": "rbi_pct",
   "label": "RBI, per cent of the total",
   "unit": "pct",
   "color": "#C47A16",
   "data": [
    0.01,
    0.01,
    0.02,
    0.04,
    0.02,
    0.0097,
    0.0325,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    0.8061,
    0.7732,
    0.88,
    0.8529,
    0.832,
    0.8032,
    0.7921,
    0.7865,
    0.7517,
    0.7187,
    0.7014,
    0.6863,
    0.6636,
    0.6274,
    0.6185,
    0.5995,
    0.585,
    0.5536,
    0.543,
    0.527,
    0.513,
    0.485,
    0.4763
   ],
   "gaps": [
    "2017-03-01",
    "2017-06-01",
    "2017-09-01",
    "2017-12-01",
    "2018-03-01",
    "2018-06-01",
    "2018-09-01",
    "2018-12-01",
    "2019-03-01",
    "2019-06-01",
    "2019-09-01",
    "2019-12-01",
    "2020-03-01",
    "2020-06-01",
    "2020-09-01"
   ],
   "gapsNote": "The RBI's table prints no figure for these periods; left empty."
  },
  "corporates": {
   "name": "corporates_pct",
   "label": "Corporates, per cent of the total",
   "unit": "pct",
   "color": "#A3A9B4",
   "data": [
    0.21,
    0.2,
    0.17,
    0.13,
    0.13,
    0.1413,
    0.1302,
    0.1704,
    0.1119,
    0.1121,
    0.1315,
    0.149,
    0.1591,
    0.1679,
    0.2168,
    0.2898,
    0.3206,
    0.2793,
    0.3054,
    0.302,
    0.3053,
    0.3907,
    0.4519,
    0.4947,
    1.45,
    1.3183,
    1.6966,
    1.8226,
    1.9789,
    1.8501,
    1.9409,
    1.996,
    1.9249,
    1.8732,
    2.0335,
    2.0193,
    2.0263,
    1.9501,
    1.9674,
    2.0529,
    1.9287,
    1.9336,
    1.9806,
    1.9443,
    2.0252
   ]
  },
  "total": {
   "name": "total_inr_crore",
   "label": "State government securities (SDLs) outstanding, ₹ crore",
   "unit": "inr_crore",
   "color": "#A3A9B4",
   "data": [
    1321023,
    1370470,
    1447193,
    1631395,
    1727770,
    1811495.33,
    1934391.04,
    2089340.85,
    2146707.16,
    2248835,
    2332952.91,
    2428829.28,
    2495461.02,
    2566833.1,
    2669393.07,
    2777229,
    2826935.29,
    2905169.26,
    3047353.16,
    3265990.01,
    3393099,
    3564979.31,
    3721573.17,
    3879981.92,
    4028848.5,
    4153507.73,
    4257577.62,
    4410249.76,
    4472010.72,
    4589128.18,
    4712901.75,
    4929078.86,
    5050873.64,
    5161642.5,
    5338587.49,
    5646218.73,
    5727481.5,
    5909489.83,
    6055711.05,
    6399563.9,
    6524417.02,
    6721556.13,
    6905975.34,
    7303450.9,
    7437755.89
   ]
  },
  "others_to_2021": {
   "name": "others_incl_pension_pct",
   "label": "Others, including pension funds (to December 2021), per cent",
   "unit": "pct",
   "color": "#C9CED6",
   "data": [
    4.4,
    4.24,
    3.81,
    3.51,
    3.52,
    3.59,
    3.43,
    3.0542,
    2.8109,
    2.3743,
    3.9379,
    2.7611,
    2.9865,
    3.4828,
    3.6406,
    3.8062,
    4.0767,
    4.9769,
    4.7269,
    4.71,
    4.7778,
    4.8002,
    4.8154,
    4.774,
    5.1,
    8.3754,
    5.4044,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null
   ]
  },
  "others": {
   "name": "others_pct",
   "label": "Others (from March 2022, pension funds shown apart), per cent",
   "unit": "pct",
   "color": "#C9CED6",
   "data": [
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    1.4833,
    1.5554,
    2.3244,
    2.448,
    2.423,
    2.3927,
    2.3388,
    2.3664,
    2.2042,
    2.1669,
    2.1774,
    2.1944,
    2.1048,
    2.119,
    2.1703,
    2.2639,
    2.3152,
    2.4047
   ]
  },
  "state_governments": {
   "name": "state_governments_pct",
   "label": "State Governments (within others), per cent of the total",
   "unit": "pct",
   "color": "#A3A9B4",
   "data": [
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    null,
    0.0101,
    0.045,
    0.0577,
    0.0661,
    0.0711,
    0.114,
    0.143,
    0.159,
    0.17,
    0.18,
    0.177,
    0.1754,
    0.1754,
    0.1833,
    0.18,
    0.1771,
    0.1887,
    0.2048,
    0.2063,
    0.2115,
    0.2366,
    0.271,
    0.2733,
    0.2723,
    0.265,
    0.2541,
    0.2559,
    0.26,
    0.2551,
    0.2471,
    0.2517,
    0.2724,
    0.2815,
    0.2798,
    0.286
   ]
  },
  "foreign_portfolio_investors": {
   "name": "foreign_portfolio_investors_pct",
   "label": "Foreign Portfolio Investors, per cent of the total",
   "unit": "pct",
   "color": "#A3A9B4",
   "data": [
    null,
    null,
    0.25,
    0.27,
    0.22,
    0.08,
    0.0551,
    0.0747,
    0.0792,
    0.1627,
    0.2145,
    0.2272,
    0.1522,
    0.0967,
    0.0866,
    0.0885,
    0.0762,
    0.0504,
    0.0417,
    0.023,
    0.0207,
    0.0193,
    0.0233,
    0.022,
    0.02,
    0.0252,
    0.0246,
    0.0201,
    0.0186,
    0.0179,
    0.0174,
    0.0159,
    0.0154,
    0.015,
    0.0324,
    0.075,
    0.0473,
    0.0382,
    0.0313,
    0.0452,
    0.0163,
    0.0227,
    0.0122,
    0.0082,
    0.01
   ]
  },
  "insurance_companies": {
   "name": "insurance_companies_pct",
   "label": "Insurance Companies, per cent of the total",
   "unit": "pct",
   "color": "#A3A9B4",
   "data": [
    33.05,
    33.48,
    34.06,
    32.5,
    32.53,
    32.6675,
    31.8733,
    32.4987,
    33.5293,
    34.0016,
    33.3467,
    34.1256,
    34.2415,
    33.7413,
    33.904,
    33.0354,
    33.94,
    33.3883,
    32.5018,
    31.632,
    30.8463,
    30.262,
    30.2492,
    30.0394,
    29.67,
    27.4995,
    28.8519,
    28.4188,
    28.3887,
    27.7095,
    27.4205,
    26.8028,
    26.7338,
    26.9705,
    26.6366,
    26.1432,
    25.8457,
    25.5648,
    25.1586,
    24.0738,
    24.1193,
    24.1221,
    23.9653,
    23.1917,
    23.2663
   ]
  },
  "non_bank_pds": {
   "name": "non_bank_pds_pct",
   "label": "Non-Bank PDs, per cent of the total",
   "unit": "pct",
   "color": "#A3A9B4",
   "data": [
    0.17,
    0.26,
    0.21,
    0.27,
    0.38,
    0.3492,
    0.3037,
    0.4549,
    0.4458,
    0.3818,
    0.5059,
    0.5139,
    0.7528,
    0.5769,
    0.601,
    0.5839,
    0.8057,
    0.7217,
    0.6388,
    0.76,
    0.7377,
    0.5371,
    0.3612,
    0.4803,
    0.39,
    0.4414,
    0.4011,
    0.3786,
    0.4113,
    0.3598,
    0.4406,
    0.6179,
    0.502,
    0.6102,
    0.631,
    0.5967,
    0.5945,
    0.5981,
    0.5312,
    0.6088,
    0.5992,
    0.6512,
    0.6359,
    0.6618,
    0.5534
   ]
  }
 }
}