Reserve Bank of India, Jammu invites e-tender for ‘Annual Maintenance Contract for providing Pest Control services in Bank’s Office premises, Staff Quarters and Bank’s Leased flats in Jammu’. The e-tendering shall be done through the e-tendering portal of MSTC Ltd. (http://mstcecommerce.com/eprochome/rbi). All eligible and interested companies / agencies / firms must register themselves with MSTC Ltd. through the above-mentioned website to participate in the e-tendering process. The Schedule of e-tender is as follows:
Estimated cost of the work
₹5,20,169 (Rupees Five Lakh Twenty Thousand One Hundred and Sixty Nine Only)
Availability of Online application form from
February 26, 2021
Last date and time for submission of duly filled /completed Application Online
The captioned Meeting was held at 15:30 hrs. on Wednesday, February 24, 2021 in the Conference Room, 3rd floor of the Bank’s Main Office Building at Sector-17, Chandigarh.
1. List of Bank’s Officials who attended the meeting
a. Sh. Rajiv Narang, AGM b. Sh. Ashish Sangra, AM c. Smt. Mahak Saxena, AM
List of prospective bidder who attended the meeting
a. Sh. Rajkumar from Rajkumar Caterers
2. The office invited queries from the prospective bidder regarding the captioned tender. Following queries were raised:
Query
Clarification Provided
What is transaction fee for Tender submission?
As given in the tender document, it is charged by MSTC website as per its applicable rates. The same is to be paid to MSTC only.
How to register on MSTC portal?
The Office advised the vendor to download the vendor guide of MSTC available on MSTC website. It was advised that MSTC Officials may be contacted for any issues faced during registration/ submission of Tender on MSTC portal.
What is the scope of work of Staff Canteen?
The Staff Canteen services are to be compulsorily provided by the same vendor as per indicative rates and menu mentioned in Annexure III (Page No. 46) of Tender document. The scope of work in Staff Canteen is given in Annexure II (page no. 45) of Tender document.
What facilities/ infrastructure will be provided by the Office?
1. Officers’ Lounge- Office will provide Pantry along with cooking utensils and water, dining area with tables, chairs, refrigerator, microwave etc., electricity connections/ points for electrical equipment and crockery/ cutlery.
2. Staff Canteen- Office will provide Pantry area with water facility, dining area with tables, chairs and electricity connections/ points for electrical equipment.
Electricity charges for both OLDR and Staff Canteen will be borne by the Bank.
Please clarify the Monthly Charges for deployment of two workers as mentioned in the Financial Bid.
The monthly charges to be quoted must include the Minimum Wages plus VDA as prescribed by Central Government, PF, ESI contribution and profit margin of Vendor. The charge will include cost for deployment of two unskilled workers. The wages have to be revised by the vendor as and when revised by Central Government, Bank will only revise the monthly charges on annual basis at time of renewal of contract.
What will be the frequency of payment and documents to be submitted for release of payment?
After award of contract the payments towards various services will be released on monthly basis through NEFT only. For payment of monthly bill the vendor has to submit bank account statements, attendance register, EPF and ESI remittance challan in respect of all workers.
What are the costs that are to be borne by the Vendor?
Cost of edible materials, fuel, cooking gas, napkins, cleaning materials, uniform of staff, and crockery/ cooking utensils for staff canteen is to be borne by the vendor.
The vendor has to submit police verification reports of all workers deployed by him. Annual medical check- up of all workers got to be done from any Government Hospital at contractor’s own cost and all the reports to be submitted to Bank within a month of taking over the work.
The total borrowings from banks and financial institutions stood at Rs 4,280 crore as on January 29, 2021. Lenders had earlier signed inter-creditor agreement (ICA) to resolve Reliance Home Finance as per June 7, 2019, circular of the Reserve Bank of India. However, no final resolution has been reached so far.
Reliance Home Finance has also disclosed that it has net cash (including cash equivalent, liquid mutual fund investments, fixed deposits, etc) of more than Rs 1,000 crore. The company has cited legal hurdles for the delay in debt servicing. “The delay in debt servicing is due to prohibition on the company to dispose of, alienate, encumber either directly or indirectly or otherwise part with the possession of any assets, pursuant to order dated November 20, 2019 passed by the Hon’ble Delhi High Court in the matter of OMP(I) COMM. 420/2/019,” Reliance Home Finance said.
The net loss of the company widened more than four times during the December quarter (Q3FY21) to Rs 339.55 crore, compared with Rs 73.52-crore loss during the December quarter last year. Total income more than halved to Rs 175 crore, compared with Rs 442 crore in December 2019. Chartered accountants of the company Dheeraj and Dheeraj said, “The company’s ability to meet its obligation dependent on material uncertain events including restructuring of loan portfolio and the resolution of its debt under the ICA and revival of housing finance business.”
The parent company of the mortgage lender, Reliance Capital, had also defaulted 49 times on repayments of non-convertible debentures since April 2020.
Reserve Bank of India, Belapur, Regional Office (hereinafter called “the Bank”), invites E-tenders under Two–Bid system (Technical & Financial Bid) for the provision of Fire Fighting Staff for maintenance of firefighting equipment and disaster management services at RBI Belapur Main office premises. The agreement shall be for the deployment for a period of one year i.e. for the period from April 01, 2021 to March 31, 2022 and extendable up to two more years subject to mutual consent of both the parties and based on the satisfactory performance of the Service Provider / Contractor / Vendor(s).
2. The tenderers, having office/s in Mumbai / Navi Mumbai, 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 25, 2021 (1400 hrs). Tenderers shall submit tender proposal along with refundable EMD of ₹65,400/-, complete in all respect as per the prescribed format. The technical bids will be opened electronically on March 25, 2021 (1500 hrs). 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.
3. Tender document can be downloaded from 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 regularly check the above website / e-portal for any Amendment / Corrigendum / Clarification on the above website. The Bank reserves the right to reject any or all the tenders without assigning any reason thereof.
The Chief General Manager Reserve Bank of India, Sector – 10, Belapur – 400614
SCHEDULE OF TENDER (SOT) (Only through e-procurement)
a. Name of the Department
P&S Cell, HRMD, Reserve Bank of India, Belapur
b. e-Tender no:
RBI/Belapur/HRMD/61/20-21/ET/612
c. e-Tender name
Annual Service Contract for Fire Fighting Staff for maintenance of firefighting equipment and disaster management services at RBI Belapur, Main office premises. (RBI/Belapur/HRMD/61/20-21/ET/612)
f. Date of NIT available to the parties to download
February 25, 2021
g. Bidding start date of Techno Commercial Bid and Financial Bid at MSTC
February 25, 2021
h. Date of Pre Bid Meeting at P&S cell, RBI, Belapur.
March 08, 2021 At 3.00 P.M.
i. Earnest Money Deposit (EMD)
₹65,400/- (Rupees Sixty Five Thousand Four Hundred only) by NEFT towards:
EMD shall be paid by each bidder (including MSME registered members) through Demand Draft in favour of ‘Reserve Bank of India’, payable at Mumbai OR can be remitted to Reserve Bank of India Account through NEFT, before 01:00 PM of March 25, 2021.
The account details for NEFT transactions are as under:
Beneficiary Name: RBI Belapur
Beneficiary A/c No: 186003001
IFSC: RBIS0NMPA01
(fifth and Tenth character in IFSC is Zero)
Kindly mention your name/ company name in the NEFT Transaction remarks. The bidders are also advised to send the proof of remittance with transaction number (scanned copy) to the following e-mail ID:
j. Last date for submission of EMD
March 25, 2021 (1.00 P.M.)
k. Last date online e-Tender for submission of Techno- Commercial Bid & Financial Bid
March 25, 2021 (2.00 P.M.)
l. Date & time of opening of Part-I (i.e. Techno- Commercial Bid)
March 25, 2021 (3.00 P.M.)
m. Date & Time of opening of Part- II (Financial Bid)
Part-II (Financial Bid) will be opened electronically of only those bidder(s) whose Part-I (Technical Bid) is found acceptable by RBI, Belapur. Such bidder(s) will be intimated regarding date of opening of Part- II (Financial Bid) through valid email given by them.
n. Transaction Fee
Payment of Transaction fee (0.05% of contract value+18% GST) through MSTC Gateway /NEFT/ RTGS in favour of MSTC Limited or as advised by M/s MSTC Ltd.
The lender said that up to 28,30,18,867 equity shares of face value of Rs 1 each at an issue price of Rs 8.48 each will be issued to the insurance firms, subject to the approval of the shareholders and regulator.
In a regulatory filing, South Indian Bank (SIB) said on Friday that it has got its board’s approval to raise Rs 240 crore by issuing equity shares on a preferential basis from HDFC Life Insurance Company, Kotak Mahindra Life Insurance Company, SBI Life Insurance Company and ICICI Lombard General Insurance Company.
The lender said that up to 28,30,18,867 equity shares of face value of Rs 1 each at an issue price of Rs 8.48 each will be issued to the insurance firms, subject to the approval of the shareholders and regulator.
Post-allotment of the securities HDFC Life, Kotak Mahindra Life and SBI Life will hold 4.23 % shares of the bank each while ICICI Lombard General Insurance will hold 0.85 % shares.
The board has also approved the convening of an extraordinary general meeting of the shareholders of the company to be held on Tuesday (March 23,2021) for seeking their approval for the proposed preferential allotment.
SIB had obtained approval of shareholders in the last AGM for raising funds in Indian or foreign currency by way of issuance of debt securities up to Rs 5OO crore. The lender has also obtained approval of shareholders for increasing the authorised capital of the bank to Rs 350 crore.
The bank had reported a net loss of Rs 91.62 crore in the third quarter of the fiscal on the account of higher credit cost.
The lender had said earlier that it will focus on 6Cs , which includes, raising capital , CASA (current and savings account), cost-to-income, competency building, customer focus, and compliance in the medium term, to achieve profitability through quality-credit growth.
Under the new plan ‘Vision 2024’, the bank aims to reach a loan book of Rs 1 trillion, CASA mix of 35%, PCR (provision coverage ratio) of over 65% and net interest margin (NIM) of 3.5% by 2024. The plan includes vertical structure for assets business and data analytics team to play a critical role in business and collections.
The Reserve Bank of India (RBI) has imposed, by an order dated February 25, 2021, a monetary penalty of ₹2 crore on Bank of Maharashtra (the bank) for contravention of / non-compliance with certain provisions of the directions contained in Reserve Bank of India (Frauds classification and reporting by commercial banks and select FIs) directions 2016 and the circulars on Concurrent Audit System in Commercial Banks – Revision of RBI’s Guidelines, Disclosure of customer complaints and unreconciled balances on account of ATM transactions, and Micro, Small and Medium Enterprises (MSME) Sector – Restructuring of Advances. This penalty has been imposed in exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Banking Regulation Act, 1949 (the Act).
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Background
The statutory inspection of the bank with reference to its financial position as on March 31, 2018 and March 31, 2019 and the Risk Assessment Reports (RARs) pertaining thereto revealed, inter alia, non-compliance with the aforesaid directions issued by RBI. In furtherance to the same, notices were issued to the bank advising it to show cause as to why penalty should not be imposed for failure to comply with the directions issued by RBI. After considering the bank’s replies to the notices, oral submissions made in the personal hearing and examination of additional submissions made by it, RBI came to the conclusion that the aforesaid charges of non-compliance with RBI directions were substantiated and warranted imposition of monetary penalty.
An open tender for the captioned work was floated on February 18, 2021. As per the tender time lines and Schedule of Tender, the Pre-bid meeting was held on February 23, 2021 at 11.00 AM in CSBD Conference Room of Mumbai Regional Office, Fort, Mumbai.
In this connection, written queries for Pre-bid meeting were not received from any vendor on e-mail /hand delivery up to the scheduled date and time given in the tender document.
Further, on February 23, 2021, in the pre-bid meeting, 4 bidders were participated i.e. M/s. Rames Desale, M/s. Hiravati Enterprises, M/s. BVG India Ltd, M/s. Quess Corporation Ltd and had raised the queries w.r.t. to the tender document.
The following Bank’s officials and representatives were participated in the Pre-bid meeting:
Sr No.
Name (Mr./Ms.)
Reserve Bank of India
1
Capt.P.C.Joshi (Retd.) CPP, DGM, P&SE
2
Flt.Lt. Vijay Prakash, AGM, P&SE
3
Shri. Sheetal Dhongade, Assistant Manager
4
Shri. Sumit Andure, Assistant
Vendors
1
M/s. BVG India Ltd – Shree Vaibhav Kadam
2
M/s. Ramesh Desale- Shree Ramesh Desale
3
M/s. Quess Corporation Ltd- Shree Arun Wahgmare
4
M/s. Hiravati Enterprises- Shree Chavan & Naik
The issues raised by the vendors regarding the Technical and Commercial Specifications and other Terms and Conditions, Article of agreement, Schedule of quantity, Price bid and related with MSTC queries were clarified/noted. The clarifications to the points raised by the vendors are furnished in the Annex – A.
Reserve Bank of India, Protocol and Security Establishment, Mezzanine Floor, Mumbai Office, Shahid Bhagat Singh Marg, Fort, Mumbai had invited e-tender for Annual Maintenance Contract of garden, hedges, lawns and providing Horticultural services at Banks residential colonies and Offices of Reserve Bank of India, Mumbai on February 18, 2021.
The modifications / amendments to the tender are enclosed. The Bidders are requested to submit the bid after taking into account the modifications given in corrigendum.
Regional Director Reserve Bank of India Mumbai Regional Office
In terms of GoI notification F.No.4(4)-B(W&M)/2020 and RBI circular IDMD.CDD.No.730/14.04.050/2020-21, dated October 09, 2020, the Sovereign Gold Bond Scheme 2020-21 – Series XII will be open for subscription for the period from March 01, 2021 to March 05, 2021. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. February 24 – 26, 2021 works out to ₹4,662/- (Rupees Four thousand six hundred and sixty-two only) per gram of gold.
Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of ₹50/- per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of Gold Bond will be ₹4,612/- (Rupees Four thousand six hundred and twelve only) per gram of gold.
The results of the auctions of 4.48% Government Stock, 2023 (Re-Issue), GOI FRB, 2033 (Re-Issue), 6.22% Government Stock, 2035 (Re-Issue) and 6.67% Government Stock, 2050 (Re-Issue) held on February 26, 2021 are:
Auction Results
4.48% Government Stock 2023
GOI FRB 2033*
6.22% Government Stock 2035
6.67% Government Stock 2050**
I.
Notified Amount
₹ 4000 Crore
₹ 4000 Crore
₹ 11000 Crore
₹ 5000 Crore
II.
Underwriting Notified Amount
₹ 4000 Crore
₹ 4000 Crore
₹ 11000 Crore
NIL
III.
Competitive Bids Received
(i) Number
107
70
136
40
(ii) Amount
₹ 10187 Crore
₹ 12459 Crore
₹ 20652.402 Crore
₹ 4930 Crore
IV.
Cut-off price / Yield
99.19
100.65
94.60
98.34
(YTM: 4.8045%)
(YTM: 4.6705%)
(YTM: 6.8229%)
(YTM: 6.7996%)
V.
Competitive Bids Accepted
(i) Number
29
27
77
1
(ii) Amount
₹ 1345 Crore
₹ 5450 Crore
₹ 8862.402 Crore
₹ 2500 Crore
VI.
Partial Allotment Percentage of Competitive Bids
0.00%
0.00%
0.00%
0.00%
(0 Bids)
(0 Bids)
(0 Bids)
(0 Bids)
VII.
Weighted Average Price/Yield
₹ 99.22
₹ 100.77
₹ 94.60
₹ 98.34
(WAY: 4.7924%)
(WAY: 4.6578%)
(WAY: 6.8229%)
(WAY: 6.7996%)
VIII.
Non-Competitive Bids Received
(i) Number
2
2
5
3
(ii) Amount
₹ 0.06 Crore
₹ 0.053 Crore
₹ 5.991 Crore
₹ 3.522 Crore
IX.
Non-Competitive Bids Accepted
(i) Number
2
2
5
3
(ii) Amount
₹ 0.06 Crore
₹ 0.053 Crore
₹ 5.991 Crore
₹ 3.522 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
₹ 4000 Crore
₹ 4000 Crore
₹ 11000 Crore
NIL
XI.
Devolvement on Primary Dealers
₹ 2654.94 Crore
0
₹ 2131.607 Crore
–
*Greenshoe amount of ₹1,450.053 crore has been accepted **Partial amount of ₹2503.522 crore has been accepted
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