Reserve Bank of India – Tenders

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1. Reserve Bank of India invites competitive e-tenders/ e-bids for Reserve Bank of India invites competitive e-tenders/ e-bids for Design, Supply, Installation, Testing & Commissioning of UVGI Assembly In Air Handling Units (AHU’s) for Bank’s Mumbai Regional Office at Mumbai from eligible bidders as per the specified pre-qualification criteria. The work is estimated to cost of ₹24 Lakhs and the contract duration shall be 8 weeks from the 14th day of work order.

2. The Earnest Money Deposit (EMD) shall be submitted in the form of Demand Draft or NEFT. The Demand Draft shall be submitted in sealed cover addressed by name to Shri Ajay Michyari, Regional Director, Main Office Building, Reserve Bank of India, Fort, Mumbai -400001 so as to reach Estate Office, Second Floor, Main Office Building, Reserve Bank of India, Fort, Mumbai- 400001 up to 2.00 PM on May 6, 2021 superscribed as “EMD for Design, Supply, Installation, Testing & Commissioning of UVGI Assembly In Air Handling Units (AHU’s) for Bank’s Mumbai Regional Office at Mumbai. Online tenders will be available for viewing /downloading by all firms till 02:00 PM on May 6, 2021.

3. All the Pre-Qualification papers shall be submitted by hard copy or e-mail on or before April 12, 2021. The same shall be examined by the Bank and the eligible participants shall be intimated accordingly.

4. The firms which do not comply with the following pre-qualification criteria and/or do not submit EMD will not be considered for opening of their tender Part-II (Price Bid):

a) The intending bidder must have minimum 5 years of experience in carrying out similar nature of works viz. Design, Supply, Installation, Testing & Commissioning of UVGI Assembly In Air Handling Units (AHU’s) ending on December 31, 2020.

b) The intending bidder must have executed successfully “Design, Supply, Installation, Testing & Commissioning of UVGI Assembly In Air Handling Units (AHU’s), during last five years ending on December 31, 2020 as under:

(i) Three works each costing not less than the amount equal to 40% of the estimated cost

OR

(ii) Two works each costing not less than the amount equal to 50% of the estimated cost

OR

(iii) One work costing not less than the amount equal to 80% of the estimated cost.

c) Minimum yearly turnover of 100% of the estimated cost during last 3 financial years ending March 31, 2020, supported by audited financial statements.

d) Should furnish solvency certificate issued by applicant’s Banker for the estimated cost of work.

5. In addition to above, intending bidders shall also submit following details and supporting documents along with PQ papers for Bank’s examination:

(a) Composition of the firm Full particulars (whether contractor is an individual, or a partnership firm, or a company etc.,) of the composition of the firm of contractors in details should be submitted along with name(s) and address (es), of the partner’s copy of the Articles of Association / Power of Attorney / such relevant document.
(b) Work experience & Completion of similar works of specified value during the specified period Copies of the detailed work orders indicating date of award, value of awarded work, time given for completing the work etc and the corresponding completion certificates indicating actual date of completion and actual value of executed similar works should be enclosed in proof of the work experience. The details along with documentary evidence of previous experience, if any, of carrying out works for the Reserve Bank of India at any Centre, should also be given.
(c) Turnover Audited financial statements for last three financial years i.e. 2017-18, 2018-19 and 2019-20 along with a certificate of Chartered Accountant indicating the turnover for these financial years.
(d) Credit worthiness of the contractor and their turnover during the specified period Copies of the Income Tax Clearance Certificates/Income Tax Assessment Orders along with the latest final accounts of the business of the contractor duly certified by a Chartered Accountant should be enclosed in proof of their creditworthiness and turnover for last three years.
(e) Name(s) and address(es) of the Bankers and their present contact executives Written Information about the names and addresses of their bankers along with full details, like names, postal addresses, e-mail IDs, telephone (landline and mobile) nos., fax nos., etc. of the contact executives (i.e. the persons who can be contacted at the office of their bankers by the Bank, in case it is so needed) should be furnished.
(f) Details of bank accounts Full particulars of their bank accounts, like account no. type, when opened etc., should be given.
(g) Name(s) and address(es) of the Clients and their present contact executives Written information about the names and addresses of their clients along with full details, like names, postal addresses, e-mail IDs, telephone (landline and mobile) nos., fax nos. etc., of the contact executives (i.e. the persons who can be contacted at the office of their clients by the Bank in case it is so needed) should be furnished.
(h) Details of completed works (Annex 8) The client-wise names of work(s), year(s) of execution of work (s), awarded and actual cost (s) of executed work (s), completion time stipulated in the contract (s) and actual time taken to complete the work (s), Name(s) and full contact-details of the officers/authorities/departments under whom the work(s) was/were executed should be furnished.
(i) Service setup Certificate from the manufactures/any other valid document in support of having a full-fledged service set-up at the desired place should be enclosed
(j) Details of registration and copies of registration certificate/ documents for PAN
GST
Office of Labour Commissioner, if applicable

6. In the event of intending bidder’s failure to satisfy the Bank; the Bank reserves the right to not allow him to participate in tendering process.

7. A pre-bid meeting (off-line mode) of the intending bidders will be held on April 26, 2021 at 11.00 AM at Estate Office, Main Office Building, Reserve Bank of India, Fort, Mumbai. The duly filled in tender documents shall be uploaded on MSTC site till 2.00 PM on May 6, 2021. No further clarifications/queries will be entertained after the pre-bid meeting.

8. (a) Tender forms can be downloaded for viewing from the website www.mstcecommerce.com w.e.f. March 22, 2021 from 11 AM.

(b) EMD of ₹ 48,000/- (Rupees Forty Eight Thousand only) in the form of NEFT or DD issued by a scheduled Bank should be submitted on or before 2.00PM on May 6, 2021

(c) Tenderers shall submit all the information and the documents as mentioned in the tender.

After examination, if any of the bidder is not found to possess the required eligibility, their tenders will not be accepted by the Bank for further processing.

9. Part I of the tenders will be opened on-line at 3.00 PM on May 6, 2021 in the presence of the authorized representative of the bidders who choose to be present. Part-II (Price bid) shall be opened of the eligible bidders on a subsequent date which will be intimated to the eligible bidders in advance.

10. The applicants/tenderers have to upload

  1. Client’s certificate as per format given in the tender from their clients for whom they have carried out “eligible works” in terms of the eligibility (Pre-qualification) criteria explained in this notice.

  2. Banker’s certificate as per format given in the tender from their banker/bankers.

The client’s certificate shall be accepted only when the same is signed by an official of the rank of Executive engineer/Superintendent Engineer or equivalent in respect of a Government/Semi Government organization or a PSU and only when they are supported by adequate proof of payment received by the contractor for the work done by him. The client’s certificate issued by the private organizations shall also accompany Tax Deducted at Source (TDS) certificates. Applications/tenders uploaded without the above certificates may be rejected. The Bank shall have the right to independently verify these certificates.

The Bank shall evaluate the said reports before processing the tenders and opening of price bid of the tenders. If any bidder is not found to possess the required eligibility for participating in the tendering process at any point of time and/or his performance reports received from his clients and/or his bankers are found unsatisfactory, the Bank reserves the right to reject his offer even after opening of Part-I of the tender. The Bank is not bound to assign any reason for doing so.

11. Any amendments / corrigendum to the tender, if any, issued in future will only be notified on the RBI Website and MSTC Website as given above.

12. The Bank is not bound to accept the lowest tender and reserves the right to accept either in full or in part any tender. The Bank also reserves the right to reject all the tenders without assigning any reason there for.

Regional Director

Mumbai:
Date :


Schedule of Tender (SOT)

Name of Work: Design, Supply, Installation, Testing & Commissioning of UVGI Assembly In Air Handling Units (AHU’s) for Bank’s Mumbai Regional Office at Mumbai
a. E-Tender NO RBI/Mumbai/Estate/421/20-21/ET/658
b. Mode Of Tender e-Procurement System
(Online Part I – Techno-Commercial Bid and
Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi
c. Estimated cost of work ₹ 24 Lakhs (Rupees Twenty-Four lakhs only)
d. Date of NIT available to parties to download
(View Tender Time)
March 22, 2021 from 11:00 AM onwards
e. Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid (Start Bid Date and Time) www.mstcecommerce.com/eprochome/rbi March 22, 2021 from 11:00 AM onwards
f. last date of submission of Pre-qualification documents April 12, 2021
g. Schedule of Off line pre-bid meeting of eligible bidders only. April 26, 2021 at 11.00 AM
h. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid (Close Bid Date and Time) May 6, 2021 till 2.00 PM
i. Date & time of opening of Part-I (i.e. Techno-Commercial Bid) May 6, 2021 from 3.00 PM onwards
j. Date and Time of Opening of Part II (Price Bid) Shall be intimated to the eligible bidders subsequently
k. Earnest Money Deposit (EMD) ₹ 48,000/- (Rupees Forty Eight Thousand only) by NEFT or in the form of DD on or before 2:00 PM on May 6, 2021.

The DD shall be submitted in sealed cover addressed by name to Shri Ajay Michyari, Regional Director, Main Office Building, Reserve Bank of India, Fort, Mumbai -400001 so as to reach Estate Office, Second Floor, Main Office Building, Reserve Bank of India, Fort, Mumbai- 400001

NEFT Details
A/c No – 04861436206
IFSC CODE – RBIS0MBPA04

l. Last date of submission of EMD May 6, 2021 till 2.00 PM
m. Transaction Fees
(To be paid in consultation with MSTC preferably one day prior to the final date of submission)
Rs.1200 /- plus GST @18%
To be paid through MSTC payment Gateway/ NEFT/RTGS in favour Of MSTC Ltd.

Regional Director

Mumbai :
Date :

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Parliament passes Insurance Bill to hike FDI limit to 74 per cent

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Parliament has passed a Bill to raise the Foreign Direct Investment ( FDI) limit in insurance sector to 74 per cent from the current 49 per cent, with the Lok Sabha giving its nod for this legislation on Monday.

Replying to discussions on the Insurance (amendment) Bill 2021 in the Lok Sabha, Finance Minister Nirmala Sitharaman asserted that the FDI limit hike is intended only to strengthen the insurance sector and should not be seen as government selling the family silver.

“By the enhancement in FDI from 49 to 74 per cent, private sector is going to be able to raise resources. We are not talking about the public sector here. Private sector needs to raise money. This will give them window for raising money”, she said.

The Finance Minister highlighted that financial sector (banking, insurance) has been recognised as a “strategic sector” by the government and so the public sector presence will continue.

“It is not right to say this (FDI limit increase) will close down and finish off public sector. Public sector enterprises will continue. The Public sector enterprises policy framed by the government is about right sizing the public sector and unlocking value and investment”, she added.

More resources for private sector

She highlighted that the aspiration of growing India cannot be met if more resources are not made available to private insurers.

“Insurance penetration can be improved only if greater resources are available to insurers. Government alone cannot do it all. We want to cover all Indian population. If we have to do this, then capital must be available and government also has a responsibility to look at the interests of employees working in private sector”, she said.

Sitharaman also asserted that this Bill had nothing to do with Life Insurance Corporation (LIC).

She highlighted that the number of persons working in the private sector stood at 24 lakh (both employees and agents), which is about seven lakh more than 17 lakh in public sector (employees and agents) insurers.

Sitharaman also assured the Lower House that adequate safeguards are in-built in the Bill so as to ensure that Indian policyholders’ funds remained within the country. Even one portion of the profits will have to be kept in India, she added.

Insurance penetration

She said insurance penetration rose to higher levels after 2015, when the FDI limit was earlier raised from 26 to 49 per cent. However, during 2011-14, in the absence of required resources, Indian penetration dropped from 4.1 to 3.3 per cent. “It (insurance penetration) actually comes down when enough liquidity is not available. So we have to open up. Insurance penetration is ratio between Premium and GDP. It can only increase when insurance sector grows at faster rate than GDP growth itself. During 2015-20, it grew at 74 per cent when GDP grew overall 64 per cent. This rapidity in growth has made a difference to insurance sector”, she added.

Sitharaman also noted that BJP had to oppose FDI hike in insurance sector in 2008-09 as no such safeguards — which are now being introduced in the latest Bill — were in that Bill.

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CRISIL upgrades Muthoot FinCorp’s rating to A+

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CRISIL has upgraded its rating of Muthoot FinCorp Ltd from ‘ A’ (Stable) to ‘A+ (Stable)’.

The CRISIL rating upgrade underscores a high degree of safety regarding the timely servicing of the company’s NCDs (non-convertible debentures) — they carry very low credit risk, a statement issued here said.

Thomas John Muthoot, Chairman and Managing Director, said: “The rating upgrade by CRISIL is very significant in strengthening the confidence of our lenders and retail investors. The upgrade will also enable the company to widen its retail and corporate investor base.”

The rating signals that Muthoot FinCorp’s business profile will continue to be supported by its established market position in the gold loan segment, strengthened by the promoters’ extensive experience in the gold loan industry, healthy asset quality, and improving earnings profile in the gold loan portfolio, he said.

During the financial year, the company, through three public issues, has raised NCDs to the tune of ₹1,138.59 crore. In addition, the company issued NCDs via private placement to banks amounting to ₹1,750 crore and raised market-linked debentures (MLD) of ₹997 crore.

The company’s gold loan business AUM (assets under management) grew 24 per cent during the last three-quarters of the current fiscal. It is expected to grow by 28 per cent for FY2020-21. The company has maintained healthy asset quality over the years, as reflected in its gross non-performing assets of 1.0-1.8 per cent under the gold loan portfolio being maintained during the past five fiscals.

In the current financial year, MFL has disbursed about ₹38,000 crore to 75 lak customers, of which 45 lakh are nano, micro or small enterprises.

The rating upgrade is the reflection of the company’s healthy performance in its core gold loan portfolio, its established position in the country’s gold loan business, its strong fundamentals, its healthy performance manifested by steady growth in assets under management, sound asset quality and increased earnings profile, the company claimed.

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Goldman Sachs Retains Its Sell Call On This Tata Group Stock; Sees 20% Downside

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Investment

oi-Roshni Agarwal

|

Shares of Tata Motors in a weak market in intra-day trade on March 22, 2021 traded lower by around 2 percent at Rs. 302.9 per share on the NSE at 2:25 pm. In comparison Nifty 50 index was down 0.42% or 61 points. The stock scaled to day’s high of Rs. 307.5 and day’s low of Rs. 300.1.

On a year to date basis, the stock has gained 66 percent from an opening price of Rs. 184.95 per share on January 1 to Rs. 306.45 on March 22. And now as the counter has run up sharply this year, investors are seen booking profits.

Goldman Sachs Retains Its Sell Call On This Tata Group Stock; Sees 20% Downside

The company’s passenger vehicles sales registered an increase of 119 percent y-o-y to 27,225 units and commercial vehicles sales jumped by 21 percent YoY to 33,966 units during the last month.

In its BSE filing, the auto major said, “February 2021 sales have been the highest ever sales for Tata Motors passenger vehicles in nearly 9 years (107 months)”. This is despite the economic slowdown induced due to Covid 19.

At the same time, global research company Goldman Sachs has maintained its ‘Sell’ call on the scrip of Tata Motors but raised target price from Rs. 175 per share to Rs. 241. As per a CNBC TV 18 report, the research firm is of the view that 70% rise in share price of the counter has overshot fundamentals.

Further the firm said the target implies 20% downside from the current price levels in comparison to 10 percent upside for Indian auto companies’ coverage as a whole.

On March 5, shareholders of Tata Motors voted for considering and approving the transfer of the company’s passenger vehicle business entity to TML Business Analytics Services Ltd as a going concern on a slump sale basis for a lump sum consideration.

GoodReturns.in



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RBI may buy out Centre’s 51% stake in CERSAI

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The Reserve Bank of India (RBI) may pick up the Government’s 51 per cent stake in the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI).

CERSAI, which is a Government of India company, operates the central registry dealing with the filing of security interest of immovable, movable, intangible properties and assignment of receivables, among others, by lenders.

As these activities are essentially related to banks and non-banking finance companies, the finance ministry is believed to have sought RBI’s opinion on the possibility of it picking up the Government’s entire stake, said an official of one of the company’s shareholders.

RBI will be better placed to further develop and regulate CERSAI, he added.

While the Centre holds 51 per cent stake in CERSAI, the balance 49 per cent stake is held by select public sector banks, including State Bank of India, Punjab National Bank and Bank of Baroda, and the National Housing Bank.

CERSAI was set up in 2011 under Section 20 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act). The company is licensed under Section 25 of the Companies Act 1956.

May need amendment to SARFAESI Act

An amendment to the SARFAESI Act may be needed so that RBI can pick up the Government’s 51 per cent stake in CERSAI, said a senior public sector bank official.

The Central Registry was set up in 2011 to prevent frauds in loan cases involving multiple lending from different banks on the same immovable property.

As per a 2011 RBI notification, the records maintained by the Central Registry are available for search by any lender or any other person desirous of dealing with the property.

Availability of such records can prevent frauds involving multiple lending against the security of same property as well as fraudulent sale of property without disclosing the security interest over such property, it added.

CERSAI has also been entrusted with the responsibility of operating and maintaining a Central KYC Record Registry (CKYCRR), which started operating from 2016. This registry is governed under the Prevention of Money Laundering Rules 2005 (Maintenance of Records).

The CKYCRR caters to Reporting Entities (REs) of all four major regulators of the financial sector — RBI, SEBI, IRDAI and PFRDA.

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‘Current financial year turning out to be much better in terms of overall investment returns’

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The current fiscal is turning out to be much better than what was expected at the beginning of the year in terms of overall investment returns, believes Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life Insurance, adding that bond yields seem to have bottomed out and equity markets have recovered. In an interview with BusinessLine, he said it seems that bond yields have bottomed out. Excerpts:

How is the company doing in terms of investments?

The current financial year is turning out to be much better than what we had expected at the beginning of the year in terms of overall investment returns. The equity markets have recovered very well on the back of strong global liquidity and fiscal stimulus. Most of the economic indicators have started recovering and have come back to almost pre-Covid levels. Corporate earnings growth has also been better than expected. Even the fears of the second wave of Covid are addressed with the launch of vaccination drive globally, which has helped boost market sentiment and risk appetite. So, equity ULIP funds have also registered robust performance over the past year.

Are their concerns over returns, given the volatility in bond yields?

Bond yields have been on a declining trend over the past few years, giving scope for healthy capital gains in debt funds. The fall in yields has been sharp amid the Covid-19 pandemic, helping to boost returns for debt funds. However, this year, we have seen a significant rise in global and domestic bond yields due to rise in prices of commodities and stronger-than-expected revival in economic growth. We feel that rise in bond yields can lead to some volatility in equity markets.

Domestically, in India, we have significant fiscal expansion in 2020-21 and 2021-22. Therefore, it seems that bond yields have bottomed out, and the RBI is at the end of its rate cut cycle. From a fixed income perspective, we are presently positive on the shorter to medium term part of the yield curve.

How do you perceive the government’s borrowing programme for FY22?

The equity markets cheered the Budget. However, the bond markets have reacted negatively. Bond yields rose post Budget due to concerns of demand-supply mismatch on account of the large government borrowing. However, the RBI has reiterated its commitment to ensure availability of ample liquidity to support the nascent economic recovery and manage the high government borrowing program in an orderly and non-disruptive manner, which provides some comfort.

How are insurers managing investments amid the current demand for protection products?

Due to the market volatility and Covid-19 pandemic, we have seen a significant rise in demand for non-par savings or guaranteed return products and term plan products. Insurance companies have been using various instruments, including forward rate agreements, to hedge interest rate risk.

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Reserve Bank of India – Tenders

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Please refer the tender notice event No. RBI/Chandigarh/Estate/316/ET/447 for the subject published on the Bank’s website www.rbi.org.in on January 20, 2021, inviting E- tender for Comprehensive Annual Maintenance Contract of Kent Ultra 3Stage Advanced UV water purifier at officers’ flats and Staff colony 44B and 30A RBI Chandigarh.

2. It is informed that the above-mentioned tender has been cancelled.

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Axis Bank Revised Interest Rates On Its FD: Check New Rates Here

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Investment

oi-Vipul Das

|

With effect from March 18, private sector lender Axis Bank has adjusted interest rates on fixed deposits (FDs) which ranges from a tenure of 7 days to 10 years respectively. Following the most recent amendment, Axis Bank now offers 2.50 per cent interest on FDs maturing between 7 and 29 days, 3% for FDs maturing between 30 days and less than 3 months, and 3.5 per cent for FDs maturing between 3 months up to 6 months. Axis Bank offers a 4.40 per cent interest rate on FDs maturing in six months to less than eleven months and twenty-five days. 5.15 per cent for 11 months 25 days to less than 1 year 5 days, and 5.10 per cent for 1 year 5 days to less than 18 months Axis Bank provides 5.25 per cent interest on term deposits that mature in 18 months or less than two years. The bank provides a 5.40 per cent interest rate on long-term deposits maturing in two to five years. Deposits with a maturity period of 5 to 10 years will grant you 5.75 per cent interest. Check the new rates of Axis Bank Fixed Deposit below:

Axis Bank Revised Interest Rates On Its FD: Check New Rates Here

Axis Bank FD Rates For Non-Senior Citizens (For amount less than Rs 2 Cr)

On select maturities, Axis Bank is now promising interest rates ranging from 2.5 to 5.75% to the general public. Check the latest rates below for tenure ranging from 7 days to 10 years.

Tenure ROI in % w.e.f. 18/03/21
7 days to 14 days 2.5
15 days to 29 days 2.5
30 days to 45 days 3
46 days to 60 days 3
61 days < 3 months 3
3 months < 4 months 3.5
4 months < 5 months 3.5
5 months < 6 months 3.5
6 months < 7 months 4.4
7 months < 8 months 4.4
8 months < 9 months 4.4
9 months < 10 months 4.4
10 months < 11 months 4.4
11 months < 11 months 25 days 4.4
11 months 25 days < 1 year 5.15
1 year < 1 year 5 days 5.15
1 year 5 days < 1 year 11 days 5.1
1 year 11 days < 1 year 25 days 5.1
1 year 25 days < 13 months 5.1
13 months < 14 months 5.1
14 months < 15 months 5.1
15 months < 16 months 5.1
16 months < 17 months 5.1
17 months < 18 months 5.1
18 Months < 2 years 5.25
2 years < 30 months 5.4
30 months < 3 years 5.4
3 years < 5 years 5.4
5 years to 10 years 5.75

Axis Bank FD Rates For Senior Citizens (For amount less than Rs 2 Cr)

On select maturities, Axis Bank gives senior citizens a higher rate of return compared to the general public. On deposits maturing in 7 days to 10 years, senior citizens can now receive interest rates ranging from 2.5 per cent to 6.50 per cent.

Tenure ROI in % w.e.f. 18/03/21
7 days to 14 days 2.5
15 days to 29 days 2.5
30 days to 45 days 3
46 days to 60 days 3
61 days < 3 months 3
3 months < 4 months 3.5
4 months < 5 months 3.5
5 months < 6 months 3.5
6 months < 7 months 3.5
7 months < 8 months 4.65
8 months < 9 months 4.65
9 months < 10 months 4.65
10 months < 11 months 4.65
11 months < 11 months 25 days 4.65
11 months 25 days < 1 year 4.65
1 year < 1 year 5 days 5.4
1 year 5 days < 1 year 11 days 5.8
1 year 11 days < 1 year 25 days 5.75
1 year 25 days < 13 months 5.75
13 months < 14 months 5.75
14 months < 15 months 5.75
15 months < 16 months 5.75
16 months < 17 months 5.75
17 months < 18 months 5.75
18 Months < 2 years 5.9
2 years < 30 months 6.05
30 months < 3 years 5.9
3 years < 5 years 5.9
5 years to 10 years 6.5

Note

For a tenure ranging from 7 days to 10 years you can open a fixed deposit account in Axis Bank by depositing a minimum amount of Rs 5,000. You can open a Fixed Deposit account using Axis Bank’s online platform anytime anywhere. It allows you to transfer money from your savings account to your Fixed Deposit with ease. For both long and short term investments, take advantage of the most attractive Fixed Deposit interest rates of Axis Bank. You can have your Fixed Deposit interest credited to a defined account or to a different account with Axis Bank’s auto roll-out service. To know how to open a fixed deposit account online in Axis Bank, click here.



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Reserve Bank of India – 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 – Press Releases

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(Amount in ₹ crore, Rate in Per cent)

  Volume
(One Leg)
Weighted
Average Rate
Range
A. Overnight Segment (I+II+III+IV) 4,653.92 2.64 0.25-5.30
     I. Call Money 433.22 2.71 2.60-3.00
     II. Triparty Repo 4,195.70 2.62 0.25-3.75
     III. Market Repo 0.00  
     IV. Repo in Corporate Bond 25.00 5.30 5.30-5.30
B. Term Segment      
     I. Notice Money** 12,072.49 3.25 1.90-3.60
     II. Term Money@@ 160.00 3.50-3.60
     III. Triparty Repo 2,86,342.00 3.28 2.96-3.40
     IV. Market Repo 98,597.67 3.11 0.01-3.40
     V. Repo in Corporate Bond 0.00
  Auction Date Tenor (Days) Maturity Date Amount Current Rate /
Cut off Rate
C. Liquidity Adjustment Facility (LAF) & Marginal Standing Facility (MSF)
I. Today’s Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo Fri, 19/03/2021 3 Mon, 22/03/2021 3,02,050.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo
3. MSF Fri, 19/03/2021 3 Mon, 22/03/2021 6.00 4.25
4. Long-Term Repo Operations    
5. Targeted Long Term Repo Operations
6. Targeted Long Term Repo Operations 2.0
7. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*
     

-3,02,044.00

 
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 12/03/2021 14 Fri, 26/03/2021 2,00,007.00 3.51
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF          
4. Long-Term Repo Operations# Mon, 17/02/2020 1095 Thu, 16/02/2023 499.00 5.15
  Mon, 02/03/2020 1094 Wed, 01/03/2023 253.00 5.15
  Mon, 09/03/2020 1093 Tue, 07/03/2023 484.00 5.15
  Wed, 18/03/2020 1094 Fri, 17/03/2023 294.00 5.15
5. Targeted Long Term Repo Operations^ Fri, 27/03/2020 1092 Fri, 24/03/2023 12,236.00 4.40
  Fri, 03/04/2020 1095 Mon, 03/04/2023 16,925.00 4.40
  Thu, 09/04/2020 1093 Fri, 07/04/2023 18,042.00 4.40
  Fri, 17/04/2020 1091 Thu, 13/04/2023 20,399.00 4.40
6. Targeted Long Term Repo Operations 2.0^ Thu, 23/04/2020 1093 Fri, 21/04/2023 7,950.00 4.40
D. Standing Liquidity Facility (SLF) Availed from RBI$       32,657.06  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -90,267.94  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -3,92,311.94  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 19/03/2021 5,18,806.52  
     (ii) Average daily cash reserve requirement for the fortnight ending 26/03/2021 4,55,339.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 19/03/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 26/02/2021 8,64,316.00  
@ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
– Not Applicable / No Transaction.
** Relates to uncollateralized transactions of 2 to 14 days tenor.
@@ Relates to uncollateralized transactions of 15 days to one year tenor.
$ Includes refinance facilities extended by RBI.
& As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
* Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo.
# As per the Press Release No. 2020-2021/287 dated September 04, 2020.
^ As per the Press Release No. 2020-2021/605 dated November 06, 2020.
¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
Ajit Prasad
Director   
Press Release : 2020-2021/1277

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