Reserve Bank of India invites e-Tender for Annual Maintenance Contract Engagement of Fire Staff at Main Office Building, Additional Office Building Area at RBI, Nagpur
Estimated Cost of the work ₹88.00 lakhs (per Annum). AMC period 01.04.2021 to 31.03.2022 Earnest Money Deposit ₹1,76,000/-. The tendering would be done through the e-tendering portal of MSTC Ltd. (https://mstcecommerce.com/eprochome/rbi). All interested commercial firms/institutions/individuals must register themselves with MSTC through the above referred website to participate in the tendering process
Tender Schedule
Schedule Date
Tender view date in MSTC Website
January 15, 2021 till 11:00 Hrs
Pre-bid meeting
January 27, 2021 till 15:00 Hrs (offline)
Last Date of submission of Tender
February 15, 2021 till 1100 Hrs
Date of opening of Part I
February 15, 2021 till 11:30 Hrs
The Bank reserves the right to accept or reject any or all Tenders without assigning any reason thereof.
Regional Director Nagpur
NOTICE INVITING TENDER
Sl. No
Item
Details
1
E-Tender no.
RBI/Nagpur/Estate/308/20-21/ET/431
2
E-Tender name
Annual Maintenance Contract Engagement of Fire Staff at Main Office Building, Additional Office Building Area at RBI, Nagpur
At 1500 Hrs on January 27, 2021 at Reserve Bank of India, Main Office Building, Dr. Raghavendra Rao Road, Reserve Bank Civil Square, Civil Lines, Nagpur, Maharashtra 440001.
5
Estimated cost of the work
88 Lakhs
6
i) Earnest Money Deposit
Rs. 1,76,000/- (Rupees One Lakh Seventy Six thousand Only) By NEFT, RBI A/c No. 186003001, IFSC Code: RBIS0NGPA01 (5th& 10th digit is zero).
Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid.
February 15, 2021 till 1100 Hrs
10
Date & time of opening of Tender Part I
Part-I (Technical Bid): at 1130 Hrs on February 15, 2021
11
Date & Time of opening of Part- II (Financial Bid)
Opening of Financial Bid will be intimated to all the eligible bidders later by e-Mail.
12
Transaction Fee
0.05% of total estimate cost of contract plus GST to be paid through MSTC Payment gateway/NEFT/RTGS in favour of MSTC Limited or as advised by M/s MSTC Ltd.
For more details, please contact:- 0712-2806517 or 2806307
The Bank is not bound to accept minimum bid or any bid of the tender or any tender. The bank reserves the rights to accept the whole or part of the tender and to reject all or any tender without any reason. Tenders without EMD will not be accepted under any circumstances.
For technical assistance to register with MSTC you may kindly contact MSTC officials on the following numbers;
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.
Reserve Bank of India invites e-Tender for Annual Maintenance Contract for Pest Control Treatment at Bank’s Premises & Residential Colonies of Reserve Bank of India, Nagpur.
Estimated Cost of the work ₹12.00 lakhs (per Annum). AMC period 01.04.2021 to 31.03.2022 Earnest Money Deposit ₹ 24,000/-. The tendering would be done through the e-tendering portal of MSTC Ltd. (https://mstcecommerce.com/eprochome/rbi). All interested commercial firms/institutions/individuals must register themselves with MSTC through the above referred website to participate in the tendering process.
Tender Schedule
Schedule Date
Tender view date in MSTC Website
11:00 Hrs of January 15, 2021
Pre-bid meeting
1500 Hrs of January 29, 2021 (offline)
Last Date of submission of Tender
February 15, 2021 till 11:00 Hrs
Date of opening of Part I
February 15, 2021 till 11:30 Hrs
The Bank reserves the right to accept or reject any or all Tenders without assigning any reason thereof.
Regional Director Nagpur
NOTICE INVITING TENDER
Sl. No
Item
Details
1
E-Tender no.
RBI/Nagpur/Estate/310/20-21/ET/433
2
E-Tender name
Annual Maintenance Contract for Pest Control Treatment at Bank’s Premises & Residential Colonies of Reserve Bank of India, Nagpur
At 1500 Hrs on January 29, 2021 at Reserve Bank of India, Main Office Building, Dr. Raghavendra Rao Road, Reserve Bank Civil Square, Civil Lines, Nagpur, Maharashtra 440001.
5
Estimated cost of the work
12 Lakhs
6
i) Earnest Money Deposit
Rs. 24,000/- (Rupees Twenty Four thousand Only) By 1) NEFT, RBI A/c No. 186003001, IFSC Code: RBIS0NGPA01 (5th& 10th digit is zero).
Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid.
February 15, 2021 till 1100 Hrs
10
Date & time of opening of Tender Part I
Part-I (Technical Bid): at 1130 Hrs on February 15, 2021
11
Date & Time of opening of Part- II (Financial Bid)
Opening of Financial Bid will be intimated to all the eligible bidders later by e-Mail.
12
Transaction Fee
0.05% of total estimate cost of contract plus GST to be paid through MSTC Payment gateway/NEFT/RTGS in favour of MSTC Limited or as advised by M/s MSTC Ltd.
For more details, please contact:- 0712-2806517 or 2806307
The Bank is not bound to accept minimum bid or any bid of the tender or any tender. The bank reserves the rights to accept the whole or part of the tender and to reject all or any tender without any reason. Tenders without EMD will not be accepted under any circumstances.
For technical assistance to register with MSTC you may kindly contact MSTC officials on the following numbers;
Reserve Bank of India invites e-Tender for Rate Contract with Car Hiring Agencies/Companies by Reserve Bank of India, Nagpur.
Estimated Cost of the work ₹12.00 lakhs (per Annum). AMC period 01.04.2021 to 31.03.2022 Earnest Money Deposit ₹ 24,000/-. The tendering would be done through the e-tendering portal of MSTC Ltd. (https://mstcecommerce.com/eprochome/rbi). All interested commercial firms/institutions/individuals must register themselves with MSTC through the above referred website to participate in the tendering process.
Tender Schedule
Schedule Date
Tender view date in MSTC Website
January 15, 2021 till 11:00 Hrs
Pre-bid meeting
January 25, 2021 till 15:00 Hrs (offline)
Last Date of submission of Tender
February 15, 2021 till 11:00 Hrs
Date of opening of Part I
February 15, 2021 till 11:30 Hrs
The Bank reserves the right to accept or reject any or all Tenders without assigning any reason thereof.
Regional Director Nagpur
NOTICE INVITING TENDER
Sl. No
Item
Details
1
E-Tender no.
RBI/Nagpur/Estate/311/20-21/ET/434
2
E-Tender name
e-Tender for Rate Contract with Car Hiring Agencies/Companies by Reserve Bank of India, Nagpur.
At 1500 Hrs on January 25, 2021 at Reserve Bank of India, Main Office Building, Dr. Raghavendra Rao Road, Reserve Bank Civil Square, Civil Lines, Nagpur, Maharashtra 440001.
5
Estimated cost of the work
12 Lakhs
6
i) Earnest Money Deposit
Rs. 24,000/- (Rupees Twenty Four thousand Only) By 1) NEFT, RBI A/c No. 186003001, IFSC Code: RBIS0NGPA01 (5th& 10th digit is zero).
Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid.
February 15, 2021 till 1100 Hrs
10
Date & time of opening of Tender Part I
Part-I (Technical Bid): at 1130 Hrs on February 15, 2021
11
Date & Time of opening of Part- II (Financial Bid)
Opening of Financial Bid will be intimated to all the eligible bidders later by e-Mail.
12
Transaction Fee
0.05% of total estimate cost of contract plus GST to be paid through MSTC Payment gateway/NEFT/RTGS in favour of MSTC Limited or as advised by M/s MSTC Ltd.
For more details, please contact:- 0712-2806517 or 2806307
The Bank is not bound to accept minimum bid or any bid of the tender or any tender. The bank reserves the rights to accept the whole or part of the tender and to reject all or any tender without any reason. Tenders without EMD will not be accepted under any circumstances.
For technical assistance to register with MSTC you may kindly contact MSTC officials on the following numbers;
When the year started, the real estate industry in India was hopeful of a turnaround. In line with the expectations, the industry registered promising growth in the initial months. However, as the Black Swan event spread like wildfire, markets started staggering, with a drastic slowdown in sales. The industry showed some limited manoeuvring by embracing the digital medium.
The repo rate cuts and liquidity infusion by the government were also helpful as it reduced home loan rates. The developer fraternity also introduced attractive payment plans to arrest any steep decline in sentiments.
Once the lockdown was suspended, markets started reviving, despite a slowdown in business activities weighing on the overall economy. Finally, in the last quarter, the 2019 growth numbers were restored, and the industry reached near normalcy. The euphoria that started with the festive season has led up to year-end, clocking a 75-85% quarterly surge in sales.
Talking about commercial real estate, sentiments have been more dismal as most of the companies deferred or cancelled their leasing decisions in Q2. However, markets started to revive in Q3, with a rise in leasing activities driven by BFSI, FMCG, e-commerce retail, wellness and healthcare, etc.
Overall, it was a tough year for real estate in India, as most of the other industries. However, the year saw a growing thrust towards digitization and technology adoption, chronicling a new era in the industry. There has been an incremental rise in investment activities in the market, as Real Estate offers safe, sound, and tangible investment options. Urban Indians are increasingly realizing the importance of owning a home, which is a healthy sign for the long-term future of the industry.
2021 Outlook
As healthy moderation in the economy sets in, the real estate industry will continue to revive and bounce back. Sales numbers have significantly jumped in most of the major cities in India in the last quarter, painting a positive picture for the coming year. Most of the rating agencies and banks such as Moody’s and S&P have also estimated that the Indian economy is set to grow in the range of 8-10% in FY 2021. This will further push demand.
In 2021, organic growth will be the way forward, as the crisis has reinforced the need to own a home amongst Indians. Lowered home loan rates, attractive payment plans, and the depreciated value of the rupee will also feed into demand.
In commercial real estate, markets will continue to recover as leasing activities will gain momentum. Apart from office leasing, co-working spaces, warehouses, and data centers are expected to register a sharp increase in leasing.
The government is also expected to implement the Model Tenancy Act, which will bring a balance between tenant-landlord relationships and boost the rental markets.
Technological Adoption
Rapid technological change will continue to unfold in Indian real estate. Although Indian realty has been steadily opening up to technology over the past few years, the COVID crisis has expedited the entire cycle. As physical interactions were limited, realtors were forced to adopt digital adoptions such as online viewing & transaction, digital launch, virtual property show & exhibition, gamification, online reputation management, etc. The uptrend will continue in the times to come. Increasingly, there will be a growing emphasis on data & analytics, machine learning, and artificial intelligence in Indian real estate.
Growth in Alternative Investment
New mechanisms of developers’ funding will unfold. The market is suffering from large piles of unsold inventory, which are roughly to the tune of 450,000 units. As leverage for developers is becoming scarce, there will be a growing proliferation of Alternate Investment Funds (AIF). We have ourselves partnered with Rising Straits, a leading real estate Private Equity body, to launch an AIF that will do bulk buying of stressed real estate assets and offer kickstart funding. In January our initial fund is expected to raise INR 100 Crores from the market. In 2021, in total we are targeting INR 500 Crores. Such alternate investment mechanisms are set to grow further in 2021.
When the year started, the real estate industry in India was hopeful of a turnaround. In line with the expectations, the industry registered promising growth in the initial months. However, as the Black Swan event spread like wildfire, markets started staggering, with a drastic slowdown in sales. The industry showed some limited manoeuvring by embracing the digital medium.
The repo rate cuts and liquidity infusion by the government were also helpful as it reduced home loan rates. The developer fraternity also introduced attractive payment plans to arrest any steep decline in sentiments.
Once the lockdown was suspended, markets started reviving, despite a slowdown in business activities weighing on the overall economy. Finally, in the last quarter, the 2019 growth numbers were restored, and the industry reached near normalcy. The euphoria that started with the festive season has led up to year-end, clocking a 75-85% quarterly surge in sales.
Talking about commercial real estate, sentiments have been more dismal as most of the companies deferred or cancelled their leasing decisions in Q2. However, markets started to revive in Q3, with a rise in leasing activities driven by BFSI, FMCG, e-commerce retail, wellness and healthcare, etc.
Overall, it was a tough year for real estate in India, as most of the other industries. However, the year saw a growing thrust towards digitization and technology adoption, chronicling a new era in the industry. There has been an incremental rise in investment activities in the market, as Real Estate offers safe, sound, and tangible investment options. Urban Indians are increasingly realizing the importance of owning a home, which is a healthy sign for the long-term future of the industry.
2021 Outlook
As healthy moderation in the economy sets in, the real estate industry will continue to revive and bounce back. Sales numbers have significantly jumped in most of the major cities in India in the last quarter, painting a positive picture for the coming year. Most of the rating agencies and banks such as Moody’s and S&P have also estimated that the Indian economy is set to grow in the range of 8-10% in FY 2021. This will further push demand.
In 2021, organic growth will be the way forward, as the crisis has reinforced the need to own a home amongst Indians. Lowered home loan rates, attractive payment plans, and the depreciated value of the rupee will also feed into demand.
In commercial real estate, markets will continue to recover as leasing activities will gain momentum. Apart from office leasing, co-working spaces, warehouses, and data centers are expected to register a sharp increase in leasing.
The government is also expected to implement the Model Tenancy Act, which will bring a balance between tenant-landlord relationships and boost the rental markets.
Technological Adoption
Rapid technological change will continue to unfold in Indian real estate. Although Indian realty has been steadily opening up to technology over the past few years, the COVID crisis has expedited the entire cycle. As physical interactions were limited, realtors were forced to adopt digital adoptions such as online viewing & transaction, digital launch, virtual property show & exhibition, gamification, online reputation management, etc. The uptrend will continue in the times to come. Increasingly, there will be a growing emphasis on data & analytics, machine learning, and artificial intelligence in Indian real estate.
Growth in Alternative Investment
New mechanisms of developers’ funding will unfold. The market is suffering from large piles of unsold inventory, which are roughly to the tune of 450,000 units. As leverage for developers is becoming scarce, there will be a growing proliferation of Alternate Investment Funds (AIF). We have ourselves partnered with Rising Straits, a leading real estate Private Equity body, to launch an AIF that will do bulk buying of stressed real estate assets and offer kickstart funding. In January our initial fund is expected to raise INR 100 Crores from the market. In 2021, in total we are targeting INR 500 Crores. Such alternate investment mechanisms are set to grow further in 2021.
The share of digitally-paying households would rise to 46% if those who desire to pay digitally are converted into actual users and to 54% if users who slipped off are brought back.
Only 32% of Indian households opt for digital payments even though 68% of them own smartphones, according to a survey by National Payments Corporation of India (NPCI) and thinktank People Research on India’s Consumer Economy & Citizen Environment (Price). At the same time, among people that do pay digitally, the use of payment apps is more widespread than that of online banking, the report said.
“There is a 36% gap between smartphone ownership and digital payment users. Bridging the gap between apps downloads and usage through education represents an immediate and low-hanging fruit opportunity,” the report, based on a study made among 5,314 households covering 25 states pre-divided into bottom, middle and top income states based on government data and samples drawn from each. The study addressed persons “mostly doing banking and payment related work for the household”, covering rural and urban chief wage earners of households.
The bottom 40% of households were those with an average annual income of Rs 1.1 lakh, the middle 40% consisted of households with an annual income of Rs 1.8 lakh and the top 20% were those with an average annual income of Rs 3.6 lakh.
The report said that almost a quarter of the households in the bottom 40% income group are using digital payments and 15% of the households in the bottom and middle categories would like to adopt digital payments. The share of digitally-paying households would rise to 46% if those who desire to pay digitally are converted into actual users and to 54% if users who slipped off are brought back.
Of the households that do pay digitally, 79% were found to be transacting through apps like Paytm and PhonePe and 52% through Unified Payments Interface (UPI). The report did not clarify if there is an overlap between the two categories. Online shopping using debit or credit cards was observed in 38% of households, while bank apps were found to be in use in 34% of households. “Households which are using UPI as a platform may not be completely aware about interoperability of the platform, there is a potential to create education about interoperability to increase adoption of UPI,” the report said.
Seventy-eight percent of households had bank accounts with state-owned banks, 10% had accounts with private banks and 13% had accounts with both sets of banks. Of the households who said they were eligible for direct benefit transfers (DBT), 85% said they had received transfers after lockdown and 84% said they had been receiving cash support even before.
Only in March 2020 did PSBs see a marginal rise in credit to private firms amid a rush for credit in the initial months of the lockdown.
In a reversal of a long-standing trend, private banks’ credit to government-owned entities grew rapidly through much of 2020 even as public sector banks (PSBs) saw a decline, according to data from the Reserve Bank of India’s (RBI) financial stability report (FSR) for December 2020. Industry executives attributed the phenomenon to the surfeit of liquidity in the system and the simultaneous lack of lending opportunities during the year.
While private banks’ exposure to public-sector units (PSUs) grew in double digits on a sequential basis in March, June and September 2020, PSB credit to this category of borrowers shrank in the June and September quarters. In the non-PSU segment, credit deployed by both categories of banks declined on a quarter-on-quarter (q-o-q) basis throughout 2020. Only in March 2020 did PSBs see a marginal rise in credit to private firms amid a rush for credit in the initial months of the lockdown.
Historically, PSBs have held a larger market share in the government and PSU lending space. Lending to the government and state-owned entities is often done at a relatively finer pricing as the risk weights assigned to this segment is much lower. Private banks, which typically have to shell out more than PSBs for deposits, do not find it viable to lend too cheaply. Sameer Narang, chief economist, Bank of Baroda, said that PSBs tend to have a higher market share in lending to government-owned enterprises, where the risk weights and thus lending rates are lower.
“Only those banks who meet that pricing who have a much lower cost of deposits,” he said. That changed in 2020 as the central bank inundated the system with liquidity at a time when there was little appetite for credit among companies. Madan Sabnavis, chief economist, Care Ratings, said that there were fewer opportunities for lending with some companies preferring the bond market and therefore, private banks lent to PSUs.
Another factor at play was the erosion in the capital bases of PSBs. “Some of the PSBs have been constrained on account of availability of capital in order to do any kind of lending,” Sabnavis said, adding, “Private banks have capitalised on this as they wanted to grow their books in an environment when there was not much borrowing taking place from the non-PSU companies.”
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.
Financial Express is now on Telegram. 
