Month: January 2021

YES Bank posts Q3 net of ₹151 crore

Banking & Finance

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Private sector lender YES Bank reported a standalone net profit of ₹150.71 crore for the third quarter of the fiscal year with robust growth in net interest income.

It had a net loss of ₹18,560 crore in the quarter ended December 31, 2019. The bank’s board, which met on Friday, also approved raising ₹10,000 crore of funds in one or more tranches “through one or more permissible modes, including but not limited through a Qualified Institutions Placement/ Rights Issue / Global Depository Receipts / American Depository Receipts / Foreign Currency Convertible Bonds / Further Public Offering or a combination thereof, subject to shareholders’ enabling approval”, it said in a regulatory filing.

Shareholders’ approval

Prashant Kumar, Managing Director and CEO, YES Bank, said the fund raise proposal is only an enabling provision as shareholders’ approval takes time.

“There is good traction in business and improvement in collection efficiencies. Demand from all sectors, including retail, MSME, corporate,” he told reporters.

For the October to December 2020 quarter, YES Bank’s net interest income more than doubled to ₹2,560 crore from ₹1,065 crore in the same period a year ago. Its non-interest income also grew by 91.4 per cent to ₹1,197 crore in the third quarter this fiscal.

Net interest margin was at 3.4 per cent as on December 31, 2020, versus 3.1 per cent in the second quarter of the fiscal and 1.4 per cent in the third quarter of last fiscal.

Provisions amounted to ₹2,199 crore at the end of the third quarter this fiscal, which was 85.2 per cent higher than the second quarter this fiscal, but much lower than ₹24,766 crore in the third quarter last fiscal.

“Total step up in provisioning of about ₹2,935 crore consists of additional ₹765 crore towards Covid-19-related provisioning (aggregate at ₹2,683 crore) and balance majorly towards increasing PCR of both NPA and NPI,” said YES Bank in a statement.

Gross NPAs stood at ₹29,546.54 crore or 15.36 per cent of gross advances as on December 31, 2020, versus 16.9 per cent at the end of the second quarter and 16.8 per cent a year ago. Net NPAs were at 4.04 per cent at the end of the third quarter this fiscal.

The bank’s proforma gross NPAs would, however, be at nearly 20 per cent, said Kumar. The bank has invoked loan restructuring of ₹8,062 crore.

Deposit mobilisation continues at ₹1,46,233 crore, which was 7.7 per cent growth on a sequential basis and 38.8 per cent over the nine month period.

Net advances also grew by 1.7 per cent quarter on quarter at ₹1,69,721 crore, with a strong pick-up in retail and SME disbursements.

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Reserve Bank of India – Press Releases

Press Releases

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Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

Sr. No Treasury Bill Notified Amount
(in ₹ crore)		 Auction Date Settlement date
1 91 Days 4,000 January 27, 2021
(Wednesday)		 January 28, 2021
(Thursday)
2 182 Days 7,000
3 364 Days 8,000
  Total 19,000    

The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018, issued by Government of India, as amended from time to time. State Governments, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount.

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, January 27, 2021, during the below given timings:

Category Timing
Competitive bids 10:30 am – 11:30 am
Non-Competitive bids 10:30 am – 11:00 am

Results will be announced on the day of the auction.

Payment by successful bidders to be made on Thursday, January 28, 2021.

Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Ajit Prasad
Director   

Press Release: 2020-2021/988

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Reserve Bank of India – Tenders

Tenders

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E-Tender No: RBI/Thiruvananthapuram/Estate/305/20-21/ET/426

The pre-bid meeting for the captioned tender was held on January 20, 2021 at 11:00 AM in the Board Room, Main Office Building, Reserve Bank of India, Thiruvananthapuram. The meeting was chaired by Shri P Manoj, General Manager, Estate Department. Officials from Estate Department and representatives from various companies/agencies (list attached in Annex) participated in the meeting.

Shri V Jayaraj, Assistant General Manager, Estate Department welcomed all participants to the meeting and invited for queries, if any, from the prospective bidders regarding the captioned tender.

Details of queries raised by representatives of various companies/agencies and clarification/comments of the Bank are tabulated below.

Sl. No. Query Comments/Corrigendum
1 Whether the contractor is mandated to submit any documents/certificates to Bank, obtained from Pollution Control Board regarding the disposal of plastic waste Contractor is not mandated to submit any documents/certificates to the Bank. However, it is the responsibility of the contractor to obtain all necessary statutory approvals from various Government agencies concerned, regarding the disposal of plastic waste. The Bank shall not be held responsible in any way for any loss/damage/penalty caused/imposed to the Contractor in this regard.
2 Whether any transaction fee has to be paid to the Bank for participating in the Tender No payment has to be made to the Bank in this regard. Payment of applicable transaction fee has to be made only through MSTC Gateway/NEFT/RTGS in favour of MSTC Limited.
3 Any relaxation of age criteria for staff employed by the contractor is expected from the Bank No. The contractor shall engage men/women under the captioned contract whose age shall be between 18 and 55.
4 Whether gardeners deployed by the contractor should fall under the category of semi-skilled labour No. The gardeners shall fall under the category of unskilled labour.
5 Whether the contractor has to utilize any specific materials/brands of manure for horticulture works. No particular brands of manure is specified by the Bank. However, it is the responsibility of the contractor to utilize the best quality manure for the proper maintenance/upkeep of horticulture works. Any failure in proper upkeep will constrain the Bank to impose penalty as specified in the tender document.
About the materials/brands for cleaning materials/handwash/consumables/chemicals etc., the contractor has to strictly adhere to the brands specified in the tender document.
6 Whether the Bank will reimburse the additional expenditure incurred by the contractor in the event of increase of statutory minimum wages by Government of India The quote offered by the Contractor in the financial bid shall be firm and final and the Bank will not entertain the Contractor’s claim for revision of rates during the currency of contract except when changes in two components of minimum rates of wages only viz. the Basic rates and Variable Dearness Allowance (VDA), as announced by the Government of India under the Minimum Wages Act. The amount of such hike in monthly contract amount, in proportion to the monthly duties, will be restricted only to the increase in Basic rates and Variable Dearness Allowance (VDA). As specified in para 2.3. of the tender document, any other components which form part of wages or allowance which are statutory in nature viz. EPF, ESI, Bonus etc. which are dependent on the Basic rates and/or Variable Dearness Allowance (VDA) will not be considered by the Bank for the revision in monthly contract amount.
7 Clarification on number of working days Labours employed by the contractor may be granted 4 days paid off every month (5 days paid off for months having 31 days). Additional payment towards wages for relievers, services rendered by labours on National and Festival holidays etc. shall be borne by the contractor. Contractor is bound to maintain prescribed number of workers/supervisors at all days in a week as specified in the tender document. Any shortfall observed in maintaining the specified manpower requirement will force the Bank to impose penalty as stipulated in the tender document
8 Whether any relaxation in EMD available for NSIC registered agencies No
9 Clarification on arrangements available at the Bank for waste disposal. Food wastes and other wastes collected from various residential flats and Main Office Premises have to be segregated into degradable and non-degradable wastes by the workers. The contractor may utilize the Organic Waste Converters and Bio-Digester plant installed at various premises for processing of food wastes and other wastes like garden wastes, dry leaves, figs, branches etc. may be incinerated by utilizing the full capacity of incinerator package installed at colonies, without resorting to open burning of waste. In case of substantial increase in the amount of waste generated in the Bank’s premises, the contractor may arrange for disposal of wastes from the Bank’s premises and the cost of such arrangement should be borne by the contractor. All plastic/glass wastes, non- biodegradable wastes, recyclable wastes etc. shall be disposed from the Bank’s premises without affecting the environment as per Pollution Control Board regulations. The contractor shall be solely responsible for disposal of waste at appropriate avenues and the Bank shall not be liable or held responsible in this regard.
10 Whether the contractor has to submit the police verification reports of employees deployed at residential colonies. Yes, the contractor has to submit the necessary Police Verification Certificate of each workmen / supervisors / officials deployed at Main Office Premises and residential colonies, from Local Police Authorities about his/her antecedence within 45 days of deployment. Any change of deployment also needs to be submitted for the above provision without any lapses.
11 As per the tender document, hand wash bottles have to be provided at each washbasins and fragrant urinal screen mats at each urinals, installed at Main Office Premises. What is the approximate number of washbasins and urinals installed at Main Office Premises. The approximate number of washbasins is 35 and urinals is 25.
12 Whether the cleaning of canal at RBI Staff Quarters, Thamalam fall under the scope of work of the contractor. Yes. As the cleaning works of canal at Thamalam quarters warrants deployment of additional manpower, the contractor may keep in mind the additional expenses which are likely to be incurred in this regard, while offering their financial bid, to accommodate these incremental costs.
13 Clarification on the format prescribed in the tender document for Client’s certificate. The format prescribed for Client’s certificate is prepared based on RBI’s Premises Department Manual and hence no deviation is allowed from the prescribed format. However, the Bank will accept the client certificate, if all the particulars as mentioned in the prescribed format are furnished in the format submitted by the contractor.
14 Whether the Bank has specified any standards in the uniforms to be provided to workers/supervisors. No. The Bank has not specified any standards in this regard and the contractor is free to provide uniforms of their choice which suits the decorum of the Bank. The contractor need to ensure wearing of uniforms by their workers during the working hours
15 Other clarifications The Bank has arrived at the estimated cost of the tender after taking into account the current minimum wage rate i.e., the basic wage and variable dearness allowance, announced by the Office of Chief Labour Commissioner (C), Government of India and minimum service charges for the company/agency. However, while offering the financial bid, the contractor may keep in mind, likely expenses on account of price escalation in wage components, incidental expenses related to disposal of various wastes from the Bank’s premises, cleaning of canals, choice of brands of cleaning materials to be utilised by the agency/company, etc.

Smt. Swapna Nair S, Assistant Manager, Estate Department thanked all the participants. The meeting concluded at 12:15 PM.

Annex

Reserve Bank of India
Sl. No. Name Designation
1 Shri P Manoj General Manager
2 Shri V Jayaraj Assistant General Manager
3 Smt. Swapna Nair S Assistant Manager
4 Shri Babilu Sankar Assistant
5 Shri Sudeesh Kumar P N Assistant
Representatives of Companies/Firms/Agencies
Sl. No. Name Name of Company/Firm/Agencies
6 Smt. Sindhu K N Smyle Solutions
7 Shri Renjith Unnikrishnan Smyle Solutions
8 Shri Sanjayanadh V I UDS Pvt. Ltd.
9 Shri Ravi Sankar UDS Pvt. Ltd.
10 Shri Bino Varghese Genesis
11 Shri Paramasivan K Mahadev Traders
12 Shri Sunil Mathew Clean & Clean
13 Shri Joseph R Clean & Clean

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Reserve Bank of India – Press Releases

Press Releases

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The results of the auctions of 3.96% Government Stock, 2022 (Re-Issue), 5.15% Government Stock, 2025 (Re-Issue), 5.85% Government Stock, 2030 (Re-Issue) and 6.80% Government Stock, 2060 (Re-Issue) held on January 22, 2021 are:

Auction Results 3.96% Government Stock 2022 5.15% Government Stock 2025 5.85% Government Stock 2030 6.80% Government Stock 20601
I. Notified Amount ₹ 2000 Crore ₹ 11000 Crore ₹ 8000 Crore ₹ 6000 Crore
II. Underwriting Notified Amount ₹ 2000 Crore ₹ 11000 Crore ₹ 8000 Crore ₹ 6000 Crore
III. Competitive Bids Received        
(i) Number 87 221 261 109
(ii) Amount ₹ 7183 Crore ₹ 22152 Crore ₹ 23267.25 Crore ₹ 18021 Crore
IV. Cut-off price / Yield 99.76 99.32 0.00 104.03
(YTM: 4.0976%) (YTM: 5.3107%) (YTM: 0%) (YTM: 6.5147%)
V. Competitive Bids Accepted        
(i) Number 18 2 0 24
(ii) Amount ₹ 1999.949 Crore ₹ 250 Crore ₹ 0 Crore ₹ 7915.728 Crore
VI. Partial Allotment Percentage of Competitive Bids 95.34% 0.00% 0.00% 99.94%
(3 Bids) (0 Bids) (0 Bids) (7 Bids)
VII. Weighted Average Price/Yield ₹ 99.7900 ₹ 99.3300 ₹ 0.0000 ₹ 104.0500
(WAY: 4.0801%) (WAY: 5.3083%) (WAY: 0.0000%) (WAY: 6.5134%)
VIII. Non-Competitive Bids Received        
(i) Number 2 2 6 4
(ii) Amount ₹ 0.051 Crore ₹ 0.095 Crore ₹ 7.844 Crore ₹ 4.272 Crore
IX. Non-Competitive Bids Accepted        
(i) Number 2 2 0 4
(ii) Amount ₹ 0.051 Crore ₹ 0.095 Crore ₹ 0 Crore ₹ 4.272 Crore
(iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids) 100% (0 Bids)
X. Amount of Underwriting accepted from primary dealers ₹ 2000 Crore ₹ 11000 Crore ₹ 8000 Crore ₹ 6000 Crore
XI. Devolvement on Primary Dealers 0 ₹ 10749.905 Crore 0 0
1 Greenshoe amount of ₹1,920 crores has been accepted.

Ajit Prasad
Director   

Press Release: 2020-2021/987

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Yes Bank posts Q3 net profit of Rs 151 cr

Banking & Finance

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Private sector lender YES Bank reported a standalone net profit of Rs 150.71 crore for the third quarter of the fiscal year with robust growth in its net interest income. It had reported a net loss of Rs 18,560 crore in the quarter ended December 31, 2019.

The bank’s board, which met on Friday, also approved raising Rs 10,000 crore of funds in one or more tranches “through one or more permissible modes, including but not limited to a Qualified Institutions Placement/ Rights Issue / Global Depository Receipts / American Depository Receipts / Foreign Currency Convertible Bonds / Further Public Offering or a combination thereof, subject to shareholders’ enabling approval,” it said in a regulatory filing.

For the October to December 2020 quarter, YES Bank’s net interest income more than doubled to Rs 2,560 crore from Rs 1,065 crore in the same period a year ago. Its non-interest income also grew by 91.4 per cent to Rs 1,197 crore in the third quarter this fiscal.

 

The net interest margin was at 3.4 per cent as on December 31, 2020, versus 3.1 per cent in the second quarter of the fiscal and 1.4 per cent in the third quarter of the last fiscal.

Provisions amounted to Rs 2,199 crore at the end of the third quarter this fiscal, which was 85.2 per cent higher than that in the second quarter, but was much lower than Rs 24,766 crore in the third quarter of the last fiscal.

“The total step-up in provisioning of about Rs 2,935 crore consists of an additional Rs 765 crore towards Covid-19 related provisioning (aggregate at Rs 2,683 crore) and balance majorly towards increasing the PCR of both NPA and NPI,” YES Bank said in a statement.

 

Gross NPAs stood at 15.36 per cent of gross advances as on December 31, 2020 versus 16.9 per cent at the end of the second quarter and 16.8 per cent a year ago. Net NPAs were at 4.04 per cent at the end of the third quarter this fiscal.

The bank said deposit mobilisation continues at Rs 1,46,233 crore, which represented 7.7 per cent growth on a sequential basis and 38.8 per cent over the nine-month period.

Net advances also grew by 1.7 per cent quarter-on-quarter at Rs 1,69,721 crore, with a strong pick-up in retail and SME disbursements.

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Reserve Bank of India – Press Releases

Press Releases

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April 14, 2015





Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.





With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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Reserve Bank of India – Tenders

Tenders

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Event No. RBI/Jaipur/HRMD/42/20-21/ET/460

Reserve Bank of India, Jaipur invites E-tenders in Part I and Part II on MSTC website (www.mstcecommerce.com/eprochome/rbi) for providing services of Security Guards at Main Office and Residential Premises of Reserve Bank of India, Jaipur for work costing approximately Rs. 115 lakhs.

Date of publication of notice inviting e-tender in newspaper, RBI website and MSTC portal is January 22, 2021.

For more details, please visit Tenders link on our website https://www.rbi.org.in.

The last date for submission of e-tender on MSTC portal (www.mstcecommerce.com) is February 13, 2021.

The Bank reserves the right to reject any tender without assigning any reason thereof.

Note: All the tenderers must note that any amendments / corrigendum to the e-tender, if issued in future, will only be notified on the website of RBI and MSTC Ltd. as provided above and will not be published in any new paper.

Regional Director
Reserve Bank of India
Jaipur

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Reserve Bank of India – Press Releases

Press Releases

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    3.96% GS 2022 5.15% GS 2025 5.85% GS 2030 6.80% GS 2060
I. Notified Amount ₹2000 cr ₹11000 cr ₹8000 cr ₹6000 cr
II. Cut off Price / Implicit Yield at cut-off 99.76/4.0976 99.32/5.3107 NA 104.03/6.5147
III. Amount accepted in the auction ₹2000 cr ₹250.095 cr NIL ₹7920 cr1
IV. Devolvement on Primary Dealers Nil ₹10749.905 cr NIL Nil
1 Greenshoe amount of ₹1,920 crores has been accepted.

Ajit Prasad
Director   

Press Release: 2020-2021/985

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Top 5 Public & Private Sector Banks That Offer Good Returns Up to 6.5% On 1-Year FD

Personal Finance

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Investment

oi-Vipul Das

|

Because of the stability and certainty of returns, risk-averse investors always favour banks’ fixed deposits (FDs) in general. In your portfolio, FDs offer flexible tenures and flexibility to withdraw wherever appropriate. You should save a certain amount of your investments in FDs in lieu of declining interest rates. Considering the competition they face in attracting deposits, the smaller private banks prefer to top the rate map on fixed deposits. Before investing in FDs, though, you can do a detailed risk evaluation and the bank’s due scrutiny.

Currently, 6.5 percent interest rates on one-year FDs are provided by small private banks. For example, on a one-year FD, IndusInd Bank, RBL Bank and Yes Bank offer 6.5 per cent interest rates. Opposed to those presented by public sector banks, these returns are much stronger. Compared with leading private banks, the interest rates provided by small finance banks are stronger. For an instance, AU Small Finance Bank and Ujjivan Small Finance Bank provide 5.50 and 6.50 percent interest on one-year FDs, respectively.

On one-year FDs, major private banks such as ICICI Bank and HDFC Bank provide 4.90 per cent interest. Axis Bank is promising an interest rate of 5.15 percent. On a one-year FD, which is the lowest rate across all private banks, Kotak Mahindra Bank offers 4.50 per cent interest only. On one-year FDs, public sector banks namely Union Bank, Bank of India, Punjab & Sind Bank and Canara Bank bid 5.25% interest. Whereas State Bank of India (SBI) and Bank of Baroda (BOB) are providing interest in their one-year FDs at 5% and 4.90%, respectively.

Top 5 Private Sector Banks With Returns Up to 6.5% On 1-Year FD

Top 5 Private Sector Banks With Returns Up to 6.5% On 1-Year FD

Banks ROI in %
IndusInd Bank 6.50
RBL Bank 6.50
Yes Bank 6.50
DCB Bank 6.25
IDFC First Bank 4.30

Top 5 Public Sector Banks With Returns Up to 5.25% On 1-Year FD

Top 5 Public Sector Banks With Returns Up to 5.25% On 1-Year FD

Banks ROI in %
Bank of India 5.25
Canara Bank 5.25
Punjab & Sind Bank 5.25
Union Bank 5.25
Punjab National Bank 5.20

Key benefits of bank fixed deposit

Key benefits of bank fixed deposit

A fixed deposit account can be opened by any Indian citizen, including minors & HUFs, to get better returns than standard savings accounts. Some other advantages of a fixed deposit account are as follows:

  • FD proposes a stable tenure of between 7 days and 10 years. Therefore, investors can select the tenure of the investment based on the needs of funds and the purpose of the investment.
  • In terms of the amount of investment, a fixed deposit strategy often offers flexibility. In your FD accounts, you can deposit as low as Rs 100.
  • You can also contribute in a Flexi fixed deposit scheme along with the standard FD scheme. The Flexi deposit enables the investor to link his fixed deposit account to a savings bank account and, according to the requirements of his funds, allows his excess savings to transfer in and out of the associated FD account.
  • You can even deposit in a tax-saver FD to earn tax benefits. You can get tax deductions of up to Rs 1.50 Lakh on your holdings with a tax-saver FD.
  • You can also interlink multiple deposits to your Savings Bank Account with a sweep-in facility of fixed deposit to receive a higher interest rate on your invested money which is usually stronger than a standard savings account.

How interest income from a fixed deposit is taxed?

How interest income from a fixed deposit is taxed?

Fixed Deposits’ interest income is completely taxable as per your tax slab. You can check that on the Income Tax Return under the heading ‘Income from Other Sources.’ This tax is withheld by the bank at the source at the time the interest is added to the account, and not until the FD expires. Thus, if you hold an FD for 3 years, banks at the end of each year will subtract TDS. If the interest income from all FDs with a bank is less than Rs 40,000 per year, the bank is not allowed to deduct any TDS as per the guidelines of RBI. In the case of a senior citizen aged 60 years and over, the cap is Rs 50,000. The cap of TDS on interest income was Rs. 10,000 prior to Budget 2019. Out of all the FDs you have with the bank, the bank calculates the interest benefit for the year. If the interest benefit crosses Rs 40,000, there will be a 10 percent TDS deduction (Rs 50,000 for senior citizens). The cap of TDS on interest income was Rs. 10,000 prior to Budget 19. But remember that if you do not support the bank with your PAN info, 20% TDS will be deducted. When the overall income is lower than the required taxable amount, no TDS is deducted. The bank will not subtract TDS where there is no tax due by the individual. In those situations, however, TDS will not be deducted by the bank only if you submit Form 15G or 15H to receive tax-free income. Submitting Form 15G and Form 15H to the Bank is the best way to ensure that no TDS is withheld by the Bank. In order to prevent the whole inconvenience of the IT Department’s additional TDS deduction and resulting refund you need to submit these forms at the beginning of every fiscal year.



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Reserve Bank of India – Press Releases

Press Releases

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In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated December 04, 2020, the Reserve Bank of India has released today, the Discussion Paper on Revised Regulatory Framework for NBFCs- A Scale-Based Approach. Comments on the Discussion Paper are invited from NBFCs, market participants and other stakeholders within one month from this date.

Feedback on the Discussion Paper may be forwarded to:

The Chief General Manager-in-Charge, Reserve Bank of India,
Department of Regulation, 2nd Floor, Main Office Building,
Shahid Bhagat Singh Marg, Fort, Mumbai – 400001

or

by email with the subject line “Discussion Paper on Revised
Regulatory Framework for NBFCs- A Scale-Based Approach”

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/984

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