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The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period December 01 – December 04, 2020.
Rupambara Press Release: 2020-2021/1117 |
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Reserve Bank of India (RBI) intends to enter into a three-year Enterprise-wide agreement with the successful Bidder (i.e. Large Solution Providers/Resellers of Microsoft Licenses) for Procurement, Renewal, Installation of Microsoft Licenses (M365 E3, Windows 10 E5, other select category of Server/Application), Design, Development, Implementation for adoption of end user products, Operational Support & Facility Management. The RFP document for the same is hosted on MSTC website. Steps to be performed by the bidder:
The last date for submission of bids is March 10, 2021 at 1400 hrs. on the MSTC website. Chief General Manager |
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Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on February 18, 2021. As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:
The underwriting auction will be conducted through multiple price-based method on February 18, 2021 (Thursday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 09:00 A.M. and 09:30 A.M. on the date of underwriting auction. The underwriting commission will be credited to the current account of the respective PDs with RBI on the date of issue of securities. Rupambara Press Release: 2020-2021/1116 |
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Reserve Bank Staff College invites e-tenders from the empaneled vendors of Reserve Bank of India, Chennai for the work of ‘Electrical works in connection with the work of SITC of DG Set at Reserve Bank Staff College, Chennai” as per the schedule of tender given below. The work is estimated to cost ₹15.00 lakh and is to be completed within 15 days from the date of issue of written order. The tenderers should electronically submit their proposal, as per the instructions regarding e-Tender, along with all supporting documents complete in all respects on or before March 01, 2021 up to 03.00 p.m. Tenderers shall submit tender proposal along with refundable EMD of ₹30,000/-, as prescribed in the tender. The technical bids (Part I) and financial bid (Part II) will be opened electronically on March 01, 2021 at 04.00 p.m. In the event of any date indicated above being declared a Holiday, the next working day shall become operative for the respective purpose mentioned herein. Financial Bid (Part II) of only those bidders who are found to be eligible on evaluation of their Part I documents will be opened. Tender document can be downloaded from RBI website – www.rbi.org.in and www.mstcecommerce.com. Any amendment(s) / corrigendum / clarifications with respect to this tender shall be uploaded on the website / e-portal only. The tenderer should check the above website / e-portal for any Amendment / Corrigendum / Clarification before submitting the bid. The Employer reserves the right to reject any or all the tenders without assigning any reason thereof. Schedule of Tender (SOT)
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Sealed tenders in two parts (part- I & II) are invited from eligible contractors for providing weekly cleaning services of Toilets/ Bathrooms etc., in Bank’s Officers’ Residential flats, Nayapalli and Officers’ flat at Main Office Premises (MOP). The Tender shall be submitted in two separate sealed envelopes viz part- I and part -II and those should be kept in a bigger sealed envelope. For details of the tender, please see the ‘Tenders’ section of the Bank’s website www.rbi.org.in. Tender forms can also be obtained from the Maintenance Section of Human Resource Management Department, 2nd Floor, Reserve Bank of India, Bhubaneswar, between 11.00 HRs and 14.00 HRs from March 10, 2021 to March 19, 2021 (both days inclusive). The last date for submission of the completed tender forms is up to 14.00 HRs on March 19, 2021. Regional Director |
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RBI/2020-21/100 February 17, 2021 All Scheduled Commercial Banks Dear Sir/Madam Capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure Please refer to our circular DBOD.No.BP.BC.116/21.06.200/2013-14 dated June 3, 2014 on capital and provisioning requirements for exposures to entities with Unhedged Foreign Currency Exposure (UFCE). 2. The guidelines mandate that information on UFCE may be obtained by banks from entities on a quarterly basis, on self-certification basis, and preferably should be internally audited by the entity concerned. We have received representation from banks expressing their inability in obtaining UFCE certificates from listed entities for the latest quarter due to restrictions on disclosure of such information prior to finalisation of accounts. 3. In view of this, it has been decided that in such cases, banks may use data pertaining to the immediate preceding quarter for computing capital and provisioning requirements in case of Unhedged Foreign Currency Exposures. 4. All other instructions remain unchanged. Yours faithfully, (Usha Janakiraman) |
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Rupambara Press Release: 2020-2021/1114 |
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Lufthansa India is looking for an out-of-court settlement with nearly 100 Indian staff who were laid off recently.
Over 103 Indian cabin crew members who were on fixed-term contracts had dragged the German airline to the Central Government Industrial Tribunal.
A petition was filed by Senior Advocate Mohan Bir Singh under Sections 2-A, 9 (A), 10 (1) and 33 of the Industrial Disputes Act. The matter is set to be heard on Friday. They have also represented to the Ministry of Labour.
In response to a notice sent by the employees to the company, Lufthansa’s legal team has said that it is reviewing the issues raised by the terminated employees, said a source close to the development.
The employees had alleged that they were terminated without prior notice, and were not given job security even after signing a leave-without-pay agreement for two years.
Sources added that Lufthansa’s legal team indicated that the airline is considering the offer of settlement discussions with employee representatives. An employee requesting anonymity said that because of the “terminated” stamp on their resume, none of the employees who were asked to leave were able to find a job in the aviation industry.
BusinessLine has learned that the employees have also made a presentation to the Ministry of Civil Aviation (MOCA) over the issue of termination.
When contacted, Lufthansa said: “We ask for your understanding that we cannot comment on the matter beyond what we have shared with you as a statement last week.”
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With a lot of buzz around the privatisation of Bank of Maharashtra and other public sector banks, a top official from the bank informed that they have not yet heard anything from the government on its privatisation.
“The government has not yet finalised any bank (for privatisation). This is a decision taken at the policy level. The process is going on and some of the banks are being considered for privatisation, but the modalities are yet to be decided. We don’t know how long it may take,” said AS Rajeev, Managing Director and CEO, Bank of Maharashtra.
Rajeev further stated that the bank is in a comfortable position on financial parameters. Bank of Maharashtra has a loan book of ₹1.05-lakh crore, of which, the moratorium restructuring book is about ₹1,300 crore. “That is almost 1 per cent of the total loan book. We have already made provision of ₹1,500 crore to that. This is a floating provision under the covid impact. We are adequately covered for this,” he said, adding that the lender has already recovered around ₹850 crore for the nine months of the current fiscal.
“Additional ₹700 crore of recovery is in the pipeline for the remaining three months. So, total recovery for the current fiscal will be around ₹1,500 crore. In recoveries, and in the overall financial areas, we are in a comfortable position,” he said during his visit to Ahmedabad.
Agriculture, retail and MSME sectors account for about 61 per cent of the overall loan book, while 39 per cent is corporate loans.
“In the corporate sector, our exposure is about ₹40,000 crore, of which, one big account of ₹400-450 crore has chances of turning into NPA, but that is already classified and we have made provisioning for that. We don’t see any surprises in the remaining three months of the fiscal,” added Rajeev.
He informed that the bank’s gross NPA stood at 7.69 per cent and net NPAs at 2.59 per cent. “It is one of the best in the industry. We are expecting that this can be further brought down in March. Recovery measures are already in place,” he said.
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