7 Mutual Funds To Invest Based On High Ratings From Research Agencies

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Axis Bluechip Fund

Axis Bluechip Fund invests in equity and equity related instruments of large cap companies. The fund has been rated 5-star by Morningstar and Value Research.

The net asset value under the growth plan is Rs 42.42, a level at which new investors would have to invest. An SIP is also possible as investment, which could be done with a minimum investment of Rs 500. If you are looking to invest in bulk in the Axis Bluechip Fund, it is not desirable as the Sensex at 52,500 points is at near peak. So, staggered investment in Axis Bluechip or another mutual fund scheme would be the right way to go about investing.

The fund has returned investors about 44.78% in the last one year, while the 5-year returns are 16.37%.

UTI Flexi Cap Fund

UTI Flexi Cap Fund

UTI Flexi Cap Fund generates long term capital appreciation by investing in equity and equity related securities of companies across market capitalizations. The fund has been rated 5-star by Crisil and Value Research.

This fund has seen phenomenal returns of nearly 68% in the last 1-year. The AUM is sizeable at more than 18,000 crores. The biggest advantage of flexi cap funds is the fund manager can freely switch from large caps to mid and small caps and vice vesa.

For those investors, who have a time horizon of 5 to 7 years, this investment could be a good bet. An SIP UTI Flexi Cap Fund is also possible with a sum of Rs 500 each month. The net asset value of the fund is Rs 234.39 under the growth plan.

ICICI Prudential Bond Fund

ICICI Prudential Bond Fund

If as an investor, you are looking for a steady stream of income go for this debt fund, which is rated as 5-star by Morningstar and has a 4-star from Value Research.

The scheme seeks to generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity.

In line with falling interest rates, this ICICI Prudential Bond Fund has generated 4.5% returns in the 1-year for investors, while the 3-year returns has been close to 9% and the 5-year returns has been 7.87%. Most of the investment is either in state government issued securities or Government of India issued securities.

Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund

This fund allows you to save tax under SEC80C of the Income Tax, subject to a ceiling of Rs 1.5 lakhs every financial year. This basically allows you a tax savings as well as capital appreciation by investing your money in equity related instruments.

Mirae Asset Tax Saver Fund has been rated 5-star by Value Research and Morningstar. The fund has given investors a return of a whopping 65.58% in the last 1-year. The assets under management of the fund is nearly 8,000 crores. Investors can look to invest through te SIP route as well in the fund.

Mirae Asset Tax Saver Fund has invested in stocks like HDFC Bank, ICICI Bank, Infosys, Axis Bank and TCS. For those looking to save tax and at the same time generate returns by investing for the long-term, this scheme is a good to invest.

Axis Small Cap Fund

Axis Small Cap Fund

This is a fund that is suitable only for investors who are willing to take the risk. This is because returns from small cap stocks are very volatile and they tend to fall faster than the markets, so to that extent the risk remains. Similarly, they are capable of giving far superior returns as well, when compared to the indices.

Axis Small Cap Fund has been rated 5-star by CRISIL and Value Research. The fund has investments in the stocks of Galaxy Surfactants, Tata Elxi, JK Lakshmi Cement, Narayana Hrudayalaya etc.

Since this is a small cap fund, we would suggest investors to look at SIPs, which would help you hedge your risk, in case of a severe market downturn.

Nippon India Gilt Securities Fund

Nippon India Gilt Securities Fund

This investment is for investors looking for absolutely safety, since the money is invested in state government or central government securities. The fund is rated as “5 star” by Morningstar. There is not much to say here as the capital is safe and returns would be low, as interest rates are low.

Nippon India Gilt Securities Fund has heavily invested in government securities.

 ICICI Prudential All Seasons Bond Fund

ICICI Prudential All Seasons Bond Fund

The difference between ICICI Prudential All Seasons Bond Fund and the Gilt Securities Fund mentioned above, is that Gilt Funds park money exclusively in government securities, while bond funds also invest in corporate instruments like non convertible debentures or bonds.

This bond fund has been rated as 5-star by Value Research. The three year returns from the fund has been 8.54%, while the 5-year returns have been closer to the 8% mark. If you are looking for safety and returns, these bonds funds maybe a good bet.

Disclaimer

Disclaimer

Investing in mutual funds is risky and investors should understand the risk. Greynium Information Technologies and the author do not take any responsibility for losses incurred based on the decisions in the article. The article is meant for informational purposes only.



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Sebi brings in rules to make stock exchanges pay for technical glitches, BFSI News, ET BFSI

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MUMBAI: In an unprecedented move to minimize the instances of technical glitches occurring at market infrastructure institutions like stock exchanges, the Securities and Exchange Board of India (Sebi) on Monday released new rules that will make such institutions and their officials liable in the event of failure to provide services.

“Considering the criticality of smooth functioning of systems of MIIs, specifying a pre-defined threshold for downtime of systems of MIIs becomes desirable. For any downtime or unavailability of services, beyond such pre-defined time, there is a need to ensure that ‘Financial Disincentive’ is paid by the MIIs as well as Managing Director and Chief Technology Officer,” Sebi said in a circular issued on Monday.

Sebi’s move comes in the backdrop of the substantial failure of NSE’s systems in February when various aspects of the stock exchange’s functions failed to perform for over four hours.

“This will encourage MIIs to constantly monitor the performance and efficiency of their systems and upgrade their systems etc. to avoid any possibility of technical glitches and restart their operations expeditiously in the event of glitch,” Sebi said.

Sebi said that the new rules are being issued in the interest of investors to promoting the development of the securities market in the country, and will come into effect from August 16, 2021.

Sebi has mandated that market infrastructure institutions report technical glitches in their services within two hours of the occurrence of the event. However, if the technical glitch is declared a disaster by the MII, its reporting should be immediate.

Further, the MII must submit a preliminary report on the technical glitch within 24 hours followed by a root cause analysis and a corrective action report within 21 days. “Such report shall be submitted to Sebi, after placing the same before the Standing Committee on Technology and the Governing Board of the MII and confirming compliance with their observations,” the regulator said.

In terms of the penalties that MIIs and their officials will be required to pay in the event of a technical glitch, the market regulator has released a slab structure.

In an event where an MII fails to declare a technical glitch that affects one or many critical systems as a disaster within 30 minutes, the MII will pay 10 per cent of its average standalone net profit for past two years or Rs 2 crore, whichever is higher. Further, the managing director and the CTO will pay 10 per cent each of their annual pay for the year in which disaster occurred.

If the MII is unable to restore operations within the recovery time objective set by Sebi within 45 minutes of a disaster, the MII must pay 10 per cent of its average standalone net profit for past two years or Rs. 2 crore, whichever is higher. And, MD and CTO must pay 10 per cent each of their annual pay for the year.

The penalty structure will also apply in the event the MII fails to restore critical operations within three hours of declaring disaster. This penalty will be over and above the two penalties stated above.

Sebi said that the penalties will be paid by the MIIs and their officials to the Investor Protection Fund of the stock exchange, the core settlement guarantee fund of the clear corporation and teh Investor Protection Fund of depositories.



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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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6 Top Stock Picks To Buy For The Month Of July From Kotak Securities

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HCL Technologies

The stock gets a ‘add’ rating from the brokerage. It feels that the stock’s solid pipeline provides growth comfort and forecasts profits growth of 6.6 percent in FY22E and 11 percent in FY23E.

The firm has given a Target of Rs 1,080 with an upside of 9.8%.

The recent deal trend for HCL Technologies has been positive, reflecting growth in the Retail and CPG, Manufacturing, and BFSI industries. Fiskars will be able to standardise and harmonise their IT and business processes, promote operating model change, and improve overall digital maturity with the help of HCL.

HCL Tech. has a Return on Assets ROA of 20.65%, which is a positive indicator of future performance. (It’s always preferable to have higher values). HCL Tech’s current year dividend is Rs 8, with a yield of 1.23 percent.

ICICI Bank

ICICI Bank

The stock has a ‘buy’ call from the brokerage. The lender has been checking all the right boxes and producing solid growth in a hard environment, according to the brokerage. The lender is expected to recover from the COVID-19 incident faster than its peers, according to the report. The firm has set a target price of Rs. 710 for the stock, representing a 12.5 percent gain.

In the most recent financial year, ICICI Bank generated Rs 74,798.32 crore in revenue. In the last three years, it has grown its income by 11.36 percent.

Non-interest income, often known as other income, is critical for banks since it provides a consistent source of revenue with no added risk. ICICI Bank’s other income has increased to Rs 16,448.62 crore. Since the last three years, the corporation has continuously maintained a NIM of 3.08 percent.

LIC Housing Finance

LIC Housing Finance

On the stock, the brokerage has a ‘add’ call. During FY22-24E, it anticipates the company to generate a 15% EPC CAGR and a RoE of 13-14 percent. The firm has set a target price of Rs. 600 for the stock, upside of a 27.7 percent gain. The company’s advances growth ratio is 15.37 percent, which is well-maintained. The company’s net profit is Rs 2,401.84 crore, with a compounded profit growth rate of 7.54 percent over the last three years. LIC Housing Finance has a PAT margin of 12.19 percent. The stock now has a P/E ratio of 4.94, with an average historical P/E of 12.10 over the last five years.

Sun Pharma

Sun Pharma

The brokerage has an ‘add’ recommendation on the company and has raised its FY22-23E estimates by 4-5 percent due to lower marketing spend. The company achieved solid domestic business growth of 13% year over year, with Ilumya ramp-up on track, it said. According to the brokerage, continued specialist execution affords the possibility for additional re-rating and will create high profits growth. The firm has set a target price of Rs. 740 for the stock, upside of a 10 percent gain.

For the past three years, the company has showed a good profit growth of 422.44%. The firm has a high level of operating leverage, with an average operating leverage of 9.35. The debt-to-equity ratio of Sun Pharma Inds. is 0.26, which is a good sign for the company.

NCC

NCC

The stock has a ‘buy’ call from the brokerage. A high order backlog, it continued, provides good revenue growth visibility for the next 2-3 years. Based on a positive view for infra capex, it is bullish about future order inflows. The firm has set a target price of Rs. 105 for the stock, upside of a 20.7 percent gain. For the past three years, the company has showed a solid profit growth of 19.21%. NCC has a PE ratio of 21.19, which is excessive and expensive in comparison. The D/E ratio of NCC is 0.37, indicating that the company has a low debt-to-capital ratio. NCC’s current year dividend is Rs 0.20, with a yield of 0.89 percent.

SAIL

SAIL

The stock has a ‘buy’ call from the brokerage. SAIL is well-positioned to benefit from a strong steel up-cycle, according to the report, with expansion projects driving volume growth and operating leverage. The brokerage also claimed that the balance sheet has greatly improved and that deleveraging should continue. For the past three years, the company has showed a good profit growth of 39.48 percent. The company has a high operating leverage, with an average operating leverage of 6.40. SAIL has a PE ratio of 13.48, which is low and undervalued in comparison.

6 Top Stock Picks To Buy For The Month Of July From Kotak Securities

6 Top Stock Picks To Buy For The Month Of July From Kotak Securities

Company LTP Market cap Target Upside
HCL Technologies 979.50 2.66LCr Rs 1,080 9.8%.
ICICI Bank 647.05 4.48LCr 710 12.5%
LIC Housing Finance 471.50 23.78TCr 600 27.7%
NCC 90.90 5.53TCr 105 20.7%
SAIL 125.85 51.86TCr 170 29.8%
Sun Pharmaceuticals 681 1.63LCr 740 10.0%

Disclaimer

Disclaimer

All of the stocks mentioned here were chosen from a Kotak Securities report. Stock investing is risky, and investors should conduct their own research. Any losses experienced as a result of a choice based on the above article are not the responsibility of the author, the brokerage business, or Greynium Information Technologies Pvt Ltd. As a result, investors should proceed with care, a markets have risen dramatically.



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Reserve Bank of India – Tenders

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Reserve Bank of India, Thiruvananthapuram invites applications for empanelment from reputed and experienced contractors, licensed under the Kerala Private Security Agencies (Private Security to Cash Transportation Activities) Rules 2020, for supply of fully covered closed cash vans/ closed vehicles with metallic body for transportation of coins to the various currency chests/small coin depots at various places in the state of Kerala, Mahe (UT of Puducherry) and as may be required by Reserve Bank of India with carrier’s risk.

The scope of work, eligibility criteria and application proforma are available at the corporate website of the Bank at https://www.rbi.org.in Last date for receipt of completed application form is July 27, 2021.

Regional Director
Kerala & Lakshadweep

Thiruvananthapuram
July 06, 2021

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IIFL Home Finance aims to raise Rs 7,000 crore in FY22

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The net interest income saw a 15% y-o-y growth to Rs 574 crore. Total income increased 42% during the March quarter to Rs 968 crore.

By Ankur Mishra

IIFL Home Finance aims to raise around Rs 7,000 crore during the current financial year, CEO Monu Ratra told FE. The fund-raising will done via NCD issues, bank term loans, direct assignment of portfolios and financing from National Housing Bank (NHB), among others.

The company has begun its fund-raising exercise through an NCD issue, aiming to mop up Rs 1,000 crore. The tenure of NCD issue is 87 months and the annual coupon rate is 10%.

“The overall fund requirement keeping in mind liabilities which are going to mature and new business plans is around Rs 7,000 crore,” Monu Ratra, ED and CEO IIFL Home Finance, said. He expects Q1 earnings to be better than last year as the impact of Covid-19 lasted for longer duration in 2020. “Q1 of this year will be better as it (Covid-19 impact) lasted for too long last year and people were shocked by what was happening,” he said.

However, Ratra acknowledged that there was some impact on collections during the June quarter this year, but it was not alarming.

In April, Crisil had revised its rating on company’s arm IIFL Home Finance to ‘stable’ from ‘negative’. The revision was done due to continuous improvement in collection efficiency resulting in the uptick in asset quality metrics being lower than previous expectations despite weak macroeconomic environment.

Before that, in March, another rating firm Fitch had affirmed IIFL Finance’s long-term issuer default rating (IDR) at ‘B+’ and removed it from rating watch negative (RWN). The rating firm saw easing downside risk to the company’s credit profile due to less adverse economic and funding conditions.

IIFL Home Finance began operations in 2009 as a wholly owned subsidiary of IIFL Finance. IIFL Finance had reported a 321% year-on-year (y-o-y) growth in its net profit to `248 crore during the March quarter (Q4FY21). The net interest income saw a 15% y-o-y growth to `574 crore. Total income increased 42% during the March quarter to Rs 968 crore.

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Reserve Bank of India – Tenders

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1. Tenders by e- tendering process are invited from eligible empaneled vendors for the “Annual Maintenance Contract for Plumbing & Sanitary works and Operation & Maintenance of Pump-Motor set in Bank’s Main Office Premises and Staff Quarters, Vidyut Marg at Bhubaneswar, Odisha”. The tender will be applicable for a period of 2 years and 7 months from issue of work order, subject to satisfactory performance of the successful bidder. 2. All pre-Qualification documents shall be uploaded with Techno-commercial bid (Part-I) on MSTC portal. Those who do not upload the Pre-qualification documents would not be considered for this tender process. Further, the contractor should submit the original of the documents to the Bank when demanded to qualify for further tendering process. 3. Only those firms who are GST registered and have minimum 5 years of experience as on June 30, 2021 in the field of work of similar nature and have executed three or more similar works individually costing not less than 40% of the estimated cost “OR” two works costing not less than 50% of the estimated cost “OR” one work costing not less than 80% of the estimated cost during the last 3 years ended June 30, 2021 with respect to estimated cost of work. The firm have a minimum yearly turnover of 100% of the estimated cost during the last 3 financial years (2020-21, 2019-20 and 2018-19) are eligible for tender.

(NA)

4. Only those contractors will be considered eligible who will invariably furnish, at the time of applying for e-tender, the following information to satisfy the Bank about their eligibility for participating in the tendering process. 4.(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 detail should be uploaded along with name(s) and address (es) of the partners, copy of the Articles of Association / Power of Attorney / any other relevant document.

(NA)

4.(b) Work experience & Completion of similar works of specified value during the specified period. Copies of the detailed work order 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 uploaded in proof of the work experience.     The details along with documentary evidences of previous experience, if any, of carrying out works for the Reserve Bank of India at any center should also be given. (NA) 4.(c) Creditworthiness of the contractor & their Turn over 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 uploaded in proof of their creditworthiness and turnover for last three years i.e. 2020-21, 2019-20 and 2018-19. (NA) 4.(d) Name(s) & 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 banker by the Bank in case it is so needed) should be uploaded. (NA) 4.(e) Details of bank accounts Full particulars of their bank accounts, like account No., type, when opened, etc. should be given. (NA) 4.(f) Name (s) & address (es) of the Clients and their present contact executives 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 banker by the Bank in case it is so needed) should be furnished. (NA) 4.(g) Details of completed works 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 officer / authorities / departments under whom the work (s) was / were executed should be furnished. (NA) 4.(h) Client Certificates The tenderers are advised to upload the Client Certificate as per enclosed Proforma from at least two of their clients for whom they have carried out eligible works in terms of eligibility (Pre-qualification) criteria described in the notice inviting tenders. Client Certificates shall be accepted by the applicant / tender inviting authority of Reserve Bank of India only when the same are signed by an official of the rank of Executive 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 tender for the work done by them. The client certificate issued by the private organization shall also accompany Tax Deducted at source (TDS) certificate. Applications / tenders received without the specified certificates in specified format shall be rejected and the Bank shall have the right to independently verify the submitted certificates. (NA) 4.(i) Banker’s certificate The tenderers are advised to upload the Banker’s certificate from their banker / bankers as per the Annex-C. Such certificate shall be addressed to the application / Tender inviting Authority of the Reserve Bank of India and shall be submitted along with their application / tender. (NA) 4.(j) Registration Certificate – Shram Suvidha Portal The tenderers are required to upload the EPF/ESIC registration Certificates issued on Shram Suvidha Portal. 5. Interested tenderers have to upload relevant documents satisfying all the points as stated above along with techno-commercial (Part-I) bid of tender. The same Eligibility documents and the scanned copy of EMD should be uploaded with Techno Commercial Bid (Part-I) on the MSTC portal.

It is to be duly noted that the tender process shall be executed on the MSTC portal through e-Tendering.

6. In the event of intending tenderers’ failure to satisfy the Bank; the Bank reserves the right to refuse their participation. Tender forms will be available for downloading w.e.f. July 05, 2021 from 6:00 pm. A pre-bid meeting will be held on August 02, 2021 at 11:00 am in the Estate Department, RBI Bhubaneswar. Tenders form can be downloaded for viewing from RBI website www.rbi.org.in or www.mstcecommerece.com/eprochome/rbi. The pre-Qualification papers and scanned copy of proof of EMD payment should be uploaded with Techno Commercial Bid (Part-I) on the MSTC portal. The Demand Draft or Bank Guarantee for EMD should reach in original in a sealed envelope to Estate Department, Reserve Bank of India, Bhubaneswar by 02:00 PM on August 13, 2021. If paid through NEFT, the NEFT receipt should be uploaded along with pre- qualification documents. 7. Interested vendors/firms can participate in e – Tender after getting registration with www.Mstcecommerce.com/eprocurement/rbi). Online Part I – Techno-Commercial Bid and Part II – Price Bid shall be opened through www.mstcecommerce.com/eprocurement/rbi and applicable transaction charges have to be paid by the firm. 8. Tender in prescribed format shall be uploaded on MSTC website. Part-I of tender will contain the Bank’s standard technical and commercial conditions for the proposed work, tenderers’ covering letter only.

The EMD of ₹ 32,825 (Thirty two thousand Eight hundred Twenty five only) should be submitted through NEFT transfer to A/C No-186004001, Reserve Bank of India, IFSC Code-RBIS0BBPA01, Branch Name – Bhubaneswar Or by a demand draft issued by a Scheduled Bank in favor of ‘Reserve Bank of India, Bhubaneswar’ Or in the form of an irrevocable bank guarantee issued by a scheduled bank in the Bank’s standard proforma which is available in the tender-form along with pre-Qualification documents.

Part-II of the tender will contain no conditions but Tenderer’s Price Bid, Bank’s Schedule of quantities, if any, only.

9. The schedule of the tender is as follows: Activity Tentative date i. e -Tender no. RBI/Bhubaneswar/Estate/18/21-22/ET/19 ii. Mode of Tender e- Procurement System
(Online Part I – Techno-Commercial Bid
and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi) iii. Estimated Cost ₹ 16,41,233 (Rupees Sixteen Lakhs Forty-one Thousand Two hundred Thirty three only) iv. Date of NIT (along with complete tender) available to parties to download- Tender activation on portal-Tender ‘Live’ for all July 05, 2021 @ 6:00 pm onwards v. Date & time for Off-line Pre-bid meeting August 02, 2021 @ 11:00 am vi. Earnest Money Deposit ₹ 32,825 (Rupees Thirty-Two Thousand Eight hundred Twenty five only) (2% of estimated cost) vii. Tender Fees Nil viii. Transaction Fee
Please note that the vendors will have the access to online e-tender only after payment of transaction fees online. Payment of Transaction fee through MSTC Gateway/NEFT/RTGS in favor of MSTC Limited, as advised by M/s MSTC Ltd. ix. Last date of submission of EMD in the Estate Department of RBI, Bhubaneswar August 13, 2021 @ 02:00 pm x. Start Bid date – Date of Starting of e- Tender for submission of online Techno- Commercial Bid and Price Bid at
www.mstcecommerce.com/eprochome/rbi August 03, 2021 @ 02:00 pm xi. Close Bid date – Date of closing of online e – tender for submission of Techno- Commercial Bid & Price Bid August 13, 2021 @ 02:00 pm xii. Part I Bid opening date August 13, 2021 @ 03:00 pm xiii. Part II Bid opening date Shall be informed separately to parties 10. Part-I of the tender will be submitted by the Tenderers in MSTC portal. The same will be opened by RBI on August 13, 2021 at 03:00 PM. Those tenderers, who would like to depute their representatives, may depute their representatives to Estate Department, Reserve Bank of India, Bhubaneswar for the same. Part II of the tender will be opened later. Due intimations will be given for the same. 11. The Bank shall obtain reports on the past performance of the tenderer from his clients and bankers. The Bank shall evaluate the said reports before opening of the Part-II of the tenders. If any tenderer 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 and 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. 12. The Bank is not bound to accept the lowest tender and reserves the right to accept either in full or in part of any tender. The Bank also reserves the right to reject all the tenders without assigning any reason thereof.

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Reserve Bank of India – Tenders

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1. Tenders by e- tendering process are invited from eligible empaneled vendors the “Annual Maintenance Contract for Plumbing & Sanitary works and Operation & Maintenance of Pump-Motor set in Officers’ Quarters, Nayapalli and Staff Quarters, Baramunda at Bhubaneswar, Odisha”. The tender will be applicable for a period of 2 years and 7 months from issue of work order, subject to satisfactory performance of the successful bidder. 2. All pre-Qualification documents shall be uploaded with Techno-commercial bid (Part-I) on MSTC portal. Those who do not upload the Pre-qualification documents would not be considered for this tender process. Further, the contractor should submit the original of the documents to the Bank when demanded to qualify for further tendering process. 3. Only those firms who are GST registered and have minimum 5 years of experience as on June 30, 2021 in the field of work of similar nature and have executed three or more similar works individually costing not less than 40% of the estimated cost “OR” two works costing not less than 50% of the estimated cost “OR” one work costing not less than 80% of the estimated cost during the last 3 years ended June 30, 2021 with respect to estimated cost of work. The firm have a minimum yearly turnover of 100% of the estimated cost during the last 3 financial years (2020-21, 2019-20 and 2018-19) are eligible for tender. (NA) 4. Only those contractors will be considered eligible who will invariably furnish, at the time of applying for e-tender, the following information to satisfy the Bank about their eligibility for participating in the tendering process. 4.(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 detail should be uploaded along with name(s) and address (es) of the partners, copy of the Articles of Association / Power of Attorney / any other relevant document. (NA) 4.(b) Work experience & Completion of similar works of specified value during the specified period. Copies of the detailed work order 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 uploaded in proof of the work experience.     The details along with documentary evidences of previous experience, if any, of carrying out works for the Reserve Bank of India at any center should also be given. (NA) 4.(c) Creditworthiness of the contractor & their Turn over 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 uploaded in proof of their creditworthiness and turnover for last three years i.e. 2020-21, 2019-20 and 2018-19. (NA) 4.(d) Name(s) & 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 banker by the Bank in case it is so needed) should be uploaded. (NA) 4.(e) Details of bank accounts Full particulars of their bank accounts, like account No., type, when opened, etc. should be given. (NA) 4.(f) Name (s) & address (es) of the Clients and their present contact executives 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 banker by the Bank in case it is so needed) should be furnished. (NA) 4.(g) Details of completed works 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 officer / authorities / departments under whom the work (s) was / were executed should be furnished. (NA) 4.(h) Client Certificates The tenderers are advised to upload the Client Certificate as per enclosed Proforma from at least two of their clients for whom they have carried out eligible works in terms of eligibility (Pre-qualification) criteria described in the notice inviting tenders. Client Certificates shall be accepted by the applicant / tender inviting authority of Reserve Bank of India only when the same are signed by an official of the rank of Executive 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 tender for the work done by them. The client certificate issued by the private organization shall also accompany Tax Deducted at source (TDS) certificate. Applications / tenders received without the specified certificates in specified format shall be rejected and the Bank shall have the right to independently verify the submitted certificates. (NA) 4.(i) Banker’s certificate The tenderers are advised to upload the Banker’s certificate from their banker / bankers as per the Annex-C. Such certificate shall be addressed to the application / Tender inviting Authority of the Reserve Bank of India and shall be submitted along with their application / tender. (NA) 4.(j) Registration Certificate – Shram Suvidha Portal The tenderers are required to upload the EPF/ESIC registration Certificates issued on Shram Suvidha Portal. 5. Interested tenderers have to upload relevant documents satisfying all the points as stated above along with techno-commercial (Part-I) bid of tender. The same Eligibility documents and the scanned copy of EMD should be uploaded with Techno Commercial Bid (Part-I) on the MSTC portal.

It is to be duly noted that the tender process shall be executed on the MSTC portal through e-Tendering.

6. In the event of intending tenderers’ failure to satisfy the Bank; the Bank reserves the right to refuse their participation.   Tender forms will be available for downloading w.e.f. July 05, 2021 from 6:00 pm. A pre-bid meeting will be held on August 02, 2021 at 02:00 pm in the Estate Department, RBI Bhubaneswar.   Tenders form can be downloaded for viewing from RBI website www.rbi.org.in or www.mstcecommerece.com/eprochome/rbi. The pre-Qualification papers and scanned copy of proof of EMD payment should be uploaded with Techno Commercial Bid (Part-I) on the MSTC portal. The Demand Draft or Bank Guarantee for EMD should reach in original in a sealed envelope to Estate Department, Reserve Bank of India, Bhubaneswar by 02:00 PM on August 13, 2021. If paid through NEFT, the NEFT receipt should be uploaded along with pre- qualification documents. 7. Interested vendors/firms can participate in e – Tender after getting registration with www.Mstcecommerce.com/eprocurement/rbi). Online Part I – Techno-Commercial Bid and Part II – Price Bid shall be opened through www.mstcecommerce.com/eprocurement/rbi and applicable transaction charges have to be paid by the firm. 8. Tender in prescribed format shall be uploaded on MSTC website. Part-I of tender will contain the Bank’s standard technical and commercial conditions for the proposed work, tenderers’ covering letter only.

The EMD of ₹ 38,600 (Rupees Thirty Eight Thousand Six Hundred only) for MOP & SQVM should be submitted through NEFT transfer to A/C No-186004001, Reserve Bank of India, IFSC Code-RBIS0BBPA01, Branch Name – Bhubaneswar Or by a demand draft issued by a Scheduled Bank in favor of ‘Reserve Bank of India, Bhubaneswar’ Or in the form of an irrevocable bank guarantee issued by a scheduled bank in the Bank’s standard proforma which is available in the tender-form along with pre-Qualification documents.

Part-II of the tender will contain no conditions but Tenderer’s Price Bid, Bank’s Schedule of quantities, if any, only.

9. The schedule of the tender is as follows:   Activity Tentative date i. e -Tender no. RBI/Bhubaneswar/Estate/19/21-22/ET/20 ii. Mode of Tender e- Procurement System
(Online Part I – Techno-Commercial Bid
and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi) iii. Estimated Cost ₹ 19,29,950 (Rupees Nineteen Lakhs Twenty nine thousand nine hundred fifty only) iv. Date of NIT (along with complete tender) available to parties to download-Tender activation on portal-Tender ‘Live’ for all July 05, 2021 @ 6:00 pm onwards v. Date & time for Off-line Pre-bid meeting August 02, 2021 @ 02:00 pm vi. Earnest Money Deposit ₹ 38,600 (Rupees Thirty Eight Thousand Six Hundred only) (2% of estimated cost) vii. Tender Fees Nil viii. Transaction Fee
Please note that the vendors will have the access to online e-tender only after payment of transaction fees online. Payment of Transaction fee through MSTC Gateway/NEFT/RTGS in favor of MSTC Limited, as advised by M/s MSTC Ltd. ix. Last date of submission of EMD in the Estate Department of RBI, Bhubaneswar August 13, 2021 @ 02:00 pm x. Start Bid date – Date of Starting of e- Tender for submission of online Techno-Commercial Bid and Price Bid at
www.mstcecommerce.com/eprochome/rbi August 03, 2021 @ 02:00 pm xi. Close Bid date – Date of closing of online e – tender for submission of Techno-Commercial Bid & Price Bid August 13, 2021 @ 02:00 pm xii. Part I Bid opening date August 13, 2021 @ 03:30 pm xiii. Part II Bid opening date Shall be informed separately to parties 10. Part-I of the tender will be submitted by the Tenderers in MSTC portal. The same will be opened by RBI on August 13, 2021 at 03:30 PM. Those tenderers, who would like to depute their representatives, may depute their representatives to Estate Department, Reserve Bank of India, Bhubaneswar for the same. Part II of the tender will be opened later. Due intimations will be given for the same. 11. The Bank shall obtain reports on the past performance of the tenderer from his clients and bankers. The Bank shall evaluate the said reports before opening of the Part-II of the tenders. If any tenderer 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 and 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. 12. The Bank is not bound to accept the lowest tender and reserves the right to accept either in full or in part of any tender. The Bank also reserves the right to reject all the tenders without assigning any reason thereof.

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Federal Bank’s gross advances grow 8% in Q1

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CASA is seen at Rs 58,959 crore during the first quarter, an y-o-y increase of 19%. The CASA ratio is reported at 34.81%.

Deposits of Federal Bank grew 9% year-on-year (y-o-y) during the first quarter of the current fiscal, while gross advances reported an 8% y-o-y growth, the bank said in a regulatory filing.

The Kerala-based lender said at the end of the June 2021 quarter, total deposits stood at Rs 169,393 crore as against Rs 155,938 crore in the year-ago period. Total advances at the end of the first quarter were at Rs 132,770 crore.

However, total deposits and advances degrew when compared sequentially with the fourth quarter. Total deposits degrew 1.8%, from Rs 172,644 crore in Q4 of FY21. Advances declined by 1.5% from Rs 134,877 crore reported in the fourth quarter of the previous fiscal.

CASA is seen at Rs 58,959 crore during the first quarter, an y-o-y increase of 19%. The CASA ratio is reported at 34.81%.

The lender’s liquidity coverage ratio is reported at 215.20% for the June quarter, compared to 233.14% for the year-ago period and 211.74% for the preceding quarter.

The bank reported the highest-ever quarterly net profit of Rs 477.81 crore for the fourth quarter of FY21, which was higher by 58.6% year-on-year, mainly because of lower provisioning.

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Reserve Bank of India – Tenders

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Reserve Bank of India, Kanpur invites e-tender for ‘Design, fabrication, supply and fixing of open office modular workstation furniture with M.S. framework in Foreign Exchange Department, 2nd floor, Main Office Building, RBI Kanpur’

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:

E-Tender No. RBI/Kanpur/Estate/7/21-22/ET/7
a) Estimated cost ₹6,61,508/- (Rupees Six Lakhs Sixty-One Thousand Five Hundred Eight only) (Including GST @18%)
b) Mode of e-tender e-Procurement System
(Online Bid through www.mstcecommerce.com/eprochome/rbi
c) Type of e-tender Limited (Only for firms empaneled with RBI, Kanpur under Modular Workstation category of Works)
d) Date of NIT available to parties to download July 05, 2021 from 05.00PM
e) Pre-bid meeting (Offline) August 11, 2021 at 03.00 PM
Venue: Estate Department, 2nd Floor, Reserve Bank of India, Mall Road, Kanpur, Uttar Pradesh-208001
f) EMD through NEFT Only successful bidder shall deposit only 2% of the contract value.
To be paid through NEFT / Net banking to A/c No. 186003001, IFSC RBIS0KNPA01
g) E-Tender Fees NIL
h) Date of Starting of e-tender for submission of on-line Bid at http://mstcecommerce.com/eprochome/rbi August 11, 2021 from 05.00 PM
i) Last date of submission of EMD Within 10 working days after intimation provided by the Bank.
j) Date of closing of online e-tender for submission of Bid August 25, 2021 till 01.00 PM
k) Date & time of opening of online Bid August 25, 2021 from 03.00 PM
l) Validity of the e-tender 90 days from the date of opening of online bid
m) Transaction Fee (Non-refundable) (To be paid separately by the tenderers to MSTC vide MSTC E-Payment Gateway for participating in the e-tender) As charged by MSTC Ltd.

2. Applicants intending to apply will have to satisfy the Bank by furnishing documentary evidence in support of their possessing required eligibility and in the event of their failure to do so, the Bank reserves the right to reject their bids.

3. 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 any or all the tenders, either in whole or in part, without assigning any reason thereof.

4. 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 and will not be published in the newspaper.

Regional Director
Reserve Bank of India
Kanpur

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