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The expression ‘ Banking System ‘ or ‘ Banks ‘ means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act, 1934. No. of Scheduled Commercial Banks as on Current Fortnight:134 Ajit Prasad Press Release: 2021-2022/764 |
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The above information can be accessed on Internet at https://wss.rbi.org.in/ The concepts and methodologies for WSS are available in Handbook on WSS (https://rbi.org.in/scripts/PublicationsView.aspx?id=15762). Time series data are available at https://dbie.rbi.org.in Ajit Prasad Press Release: 2021-2022/763 |
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The Reserve Bank of India has made enhancements to the Indo-Nepal Remittance Facility Scheme, whereby the ceiling per transaction has been increased four-fold to ₹2 lakh and the cap of 12 remittances in a year per remitter has been removed.
Theenhancements, which come into effect from October 1, 2021, have been announced to boost trade payments between the two countries, as also to facilitate person-to-person remittances electronically to Nepal, RBI said in a circular to all banks participating in the National Electronic Funds Transfer facility.
Under the scheme, the beneficiary receives funds in Nepalese Rupees through credit to her / his bank account maintained with the subsidiary of State Bank of India (SBI) in Nepal, — Nepal SBI Bank Ltd (NSBL) or through an agency arrangement.
RBI said hitherto, banks shall accept remittances by way of cash from walk-in customers or non-customers. The ceiling of ₹50,000 per remittance with a maximum of 12 remittances in a year shall, however, continue to apply for such remittances.
The central bank asked banks to put in place suitable velocity checks and other risk mitigation procedures.
RBI emphasised that “the enhancements are also expected to facilitate payments relating to retirement, pension, etc., to our ex-servicemen who have settled / relocated in Nepal.”
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Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:
The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018, issued by Government of India, as amended from time to time. State Governments, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount. The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Wednesday, September 01, 2021, during the below given timings:
Results will be announced on the day of the auction. Payment by successful bidders to be made on Thursday, September 02, 2021. Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125). Ajit Prasad Press Release: 2021-2022/761 |
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The captioned Meeting was held at 15:30 hrs. on Tuesday, August 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. Smt Varsha Bajpai, DGM 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:
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The tendering would be done through the e-tendering portal of MSTC Ltd. (https://www.mstcecommerce.com/). All the empanelled vendors may register themselves with MSTC through the above referred website to be able to participate in the tendering process. The NIT Number and Schedule of the tender is given below:
Regional Director |
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The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹ 16,100 Cr. (Face Value).
| Sr. No. | State/ UT | Amount to be raised (₹ Cr) |
Additional Borrowing (Greenshoe) Option (₹ Cr) |
Tenure (Yrs) |
Type of Auction |
| 1 | Andhra Pradesh | 1000 | 14 | Yield | |
| 2 | Assam | 500 | 3 | Yield | |
| 3 | Gujarat | 1000 | 500 | 6 | Yield |
| 4 | Haryana | 1000 | 10 | Yield | |
| 5 | Himachal Pradesh | 500 | 10 | Yield | |
| 500 | 11 | Yield | |||
| 6 | Jammu and Kashmir | 600 | 15 | Yield | |
| 7 | Kerala | 2000 | 13 | Yield | |
| 1500 | 18 | Yield | |||
| 8 | Madhya Pradesh | 2000 | 5 | Yield | |
| 9 | Punjab | 250 | 15 | Yield | |
| 1250 | Re-issue of 6.97% Punjab SDL 2031 Issued on August 18, 2021 | Price | |||
| 10 | Rajasthan | 1500 | 10 | Yield | |
| 11 | Telangana | 1000 | 14 | Yield | |
| 12 | West Bengal | 1500 | 30 | Yield | |
| TOTAL | 16100 |
The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on August 31, 2021 (Tuesday). The Government Stock up to 10% of the notified amount of the sale of each stock will be allotted to eligible individuals and institutions subject to a maximum limit of 1% of its notified amount for a single bid per stock as per the Scheme for Non-competitive Bidding Facility.
Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on August 31, 2021 (Tuesday). The non-competitive bids should be submitted between 10.30 A.M. and 11.00 A.M. and the competitive bids should be submitted between 10.30 A.M. and 11.30 A.M.
In case of technical difficulties, Core Banking Operations Team (email; Phone no: 022-27595666, 022-27595415, 022-27523516) may be contacted.
For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).
Only in the event of system failure, physical bids would be accepted. Such physical bids should be submitted to the Public Debt Office (email; Phone no: 022-22632527, 022-22701299) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends.
The yield percent per annum expected by the bidder should be expressed up to two decimal points. An investor can submit more than one competitive bid at same/different rates of yield or prices in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. However, the aggregate amount of bids submitted by a bidder should not exceed the notified amount for each State.
The Reserve Bank of India will determine the maximum yield /minimum price at which bids will be accepted. Securities will be issued for a minimum nominal amount of ₹10,000.00 and multiples of ₹10,000.00 thereafter.
The results of the auction will be announced on August 31, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on September 01, 2021 (Wednesday). at Mumbai and at respective Regional Offices of RBI.
The State Government Stocks will bear interest at the rates determined by RBI at the auctions. For the new securities, interest will be paid half yearly on March 01 and September 01 of each year till maturity. The Stocks will be governed by the provisions of the Government Securities Act, 2006 and Government Securities Regulations, 2007.
The investment in State Government Stocks will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio (SLR) under Section 24 of the Banking Regulation Act, 1949. The stocks will qualify for the ready forward facility.
Ajit Prasad
Director
Press Release: 2021-2022/760
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Tender No: RBI/Chandigarh/Estate/46/21-22/ET/60 With reference to the e-tender dated July 30, 2021, it is advised that the last date of submission of the e-tender in the MSTC portal has been extended from August 27, 2021 till 11:00 AM to September 06, 2021 till 11:00 AM. 2. Now the e-tender will be opened on September 06, 2021 at 11:30 AM. 3. Other conditions in the tender remain unchanged. 4. Firms / Companies who have already submitted bids pursuant to the captioned e-tender need not apply again. Regional Director |
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The online Pre-Bid meeting for the captioned tender was held on August 23, 2021 at 11.00 A.M via Cisco Web-ex Platform. The meeting was attended by the officials of Estate office, the full details of which are furnished in the table annexed. The following firms participated in the pre-bid meeting.
The firms requested for a few clarifications on certain points for which the Bank has clarified all the points to the satisfaction of all the firms.
All other terms and conditions of the tender remain same. Meeting ended with vote of thanks. Participants of the Pre-Bid meeting held on August 23, 2021 at 11.00 am
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