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Reserve Bank of India – Tenders

Tenders

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A Pre-Bid meeting in connection with tender No. RBI/Kanpur/Estate/52/21-22/ET/67, which was floated on MSTC on August 05, 2021 for the captioned work, was conducted at 11.30 AM on August 27, 2021 at Conference Hall, 2nd Floor, RBI Kanpur. The said meeting was held following all COVID-19 protocols.

2. After welcoming all the members, Shri Bhaskar Choudhury (DGM, PMC) and Shri Nithin J Sebastian (A.M (Tech-Electrical)) explained tender documents and important timelines of the tendering process in brief and requested members to raise doubts, if any. Following queries/ doubts were clarified during the meeting:

S.No. Firm Name Query raised by firm Clarification
1) M/s S.S Associates The Retention/security money may be revised to 3 % from 5 % from recent Government’s Order. As per Bank’s internal circular the reduction in BG value (5% to 3 %) is not applicable to the tender for procurement of DG sets.
2) M/s S.S Associates Please Note in DG set Business almost all the manufacturer has sales and separate Dealers. Few Manufacturer are giving service them self after set is installed by the dealer. As procedure after installation the service will be supplied by separate service dealer appointed by company. Hence, NAMC may be deleted from the Bid. RBI may enter NAMC with service Dealer as soon as warranty/defect liability is over. This is current Trend in DG Business. Please Follow the tender.
3) M/s S.S Associates The client certificate Annexure B may substitute to competition certificate as no client has time to give so much of details. If RBI desired may cross check the worthiness of certificate. Please Follow the tender.
4) M/s S.S Associates The Banker’s certificate may be substitute to self-declaration as Bank has no time or this certificate not in manual Book. Please Follow the tender.
5) M/s S.S Associates The 5 years warranty for five components may be deleted as this is conditional and after 2 years warranty the engine is being taken care by RBI. Please Follow the tender.
6) M/s S.S Associates The factory testing in presence in RBI official is required or not. The factory testing by engineers may be avoided due to pandemic and test report and testing report of factory will work as final testing will be done at RBI site after installation. Factory testing will be conducted by RBI officials as per provisions mentioned in the tender.
7) M/s S.S Associates Payment terms may be modified as 85+10+5 as mostly manufacturer in not allowing any credit. Please Follow the tender.
8) M/s S.S Associates Testing: The 100 % and 110 % testing in works with door closed is not possible due to in take power uses by engine like radiator cooling Fan. Dynamo. The Testing as per ARAI will be done for two Hrs. Please Follow the tender.
9) M/s S.S Associates The specification of DG Set and Acoustics enclosure will be a per manufacturer only. As one DG the specification cannot be changed. Please Follow the tender.
10) M/s S.S Associates The fuel consumption will be a per manufacturer recommendation only. This is some time vary due to availability of fuel not available as per recommended grade. Please Follow the tender.
11) M/s S.S Associates The Microprocessor based controller supply with engine is capable for AMF/Manual operation. Please Follow the tender specifications.
12) M/s S.S Associates The cable Size of 2 *400 sq mm is much higher size. The Max 2*240 will be sufficient will be measured in single Run. The measuremen will be don on meer basis not in Run of 2 nos. Please Follow the tender.
13) M/s S.S Associates Control cable 2.5 sq* 16 c is much higher side, it should not be more the 2.5C*6 core. Please Follow the tender.
14) M/s S.S Associates The Exhaust pipe of C class is very very heavy is also not available may be amend to B class. The length is to be mention in BOQ. Please Follow the tender.
15) M/s S.S Associates The copper Plate earthing may be substitute to Pipe Earthing of 80mm x 3000 mts pipe. Please Follow the tender.
16) M/s Perfect House Pvt. Ltd. To include their ‘make’ which is not listed in the list of approved makes of DG sets. Not accepted by the Bank.

3. The meeting ended with thanks to all the members.

Note:

This document (minutes of the Pre-Bid Meeting) shall form a part of the tender.

  • Rest of the terms and conditions and specifications of the bid document shall continue to remain the same.

  • The above amendments/ clarifications are issued for the information of all the intending bidders.

  • The submission of bid by the firm shall be construed to be in conformity to the bid document and amendments/ clarifications given above.

Regional Director
RBI, Kanpur

August 27, 2021

List of participants

Sr No Name Designation
1 Shri Bhaskar Choudhury DGM (PMC-NZ)
2 Shri Nithin J Sebastian A.M (Tech-Electrical)
3 Shri Aquib Nawaz Assistant manager
4 Shri Apoorv Sachan J.E (Tech-Electrical)

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Reserve Bank of India – Press Releases

Press Releases

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In terms of GoI notification F.No.4(5)-B(W&M)/2021 and RBI press release dated May 12, 2021, the Sovereign Gold Bond Scheme 2021-22 – Series VI will be open for subscription for the period from August 30 – September 03, 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. August 25, August 26 and August 27, 2021 works out to ₹4,732/- (Rupees Four thousand seven hundred and thirty-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 ₹4,682/- (Rupees Four thousand six hundred and eighty-two only) per gram of gold.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/767

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Reserve Bank of India – Press Releases

Press Releases

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Deputy Governors, Reserve Bank of India (RBI) Shri M. K. Jain and Shri M. Rajeshwar Rao held discussion with the MD & CEOs of all eleven Small Finance Banks (SFBs) on August 27, 2021 through video conference. The discussion was attended by Executive Directors Shri S. C. Murmu, Shri Saurav Sinha, Shri Rohit Jain, CGMs, Department of Supervision, Shri Ajay Kumar Choudhary and Smt. Monisha Chakraborty.

In the opening remarks, Deputy Governors recognised the contribution of SFBs towards financial inclusion by extending credit and reaching out to the underserved sections of society. The discussion was carried out across a range of themes such as evolution of the business models of SFBs; enhancing Board oversight and professionalism; further improvements in assurance functions, i.e., compliance; internal control and risk management; need to build up their IT infrastructure both for enhanced customer experience and for cyber security resilience, etc. Further, the stress build-up due to COVID-19 and the mitigation measures for continued resilience of books of SFBs also formed part of the discussion.

Fruitful discussion was held in which the MD & CEOs shared their experiences and ideas on the need to work together so that stated objective is achieved for which differentiated licences were issued. Challenges and the way forward were also deliberated upon so that Small Finance Banks continue to be important players in the Indian financial intermediation space and contribute in the financial inclusion journey of the nation.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/762

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Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India (RBI) has, by an order dated August 26, 2021, imposed a monetary penalty of ₹20 lakh (Rupees twenty lakh only) on The Jalgaon People’s Co-operative Bank Ltd., Jalgaon, Maharashtra (the bank) for non-compliance with direction issued by RBI on ‘Placement of Deposits with Other Banks by Primary (Urban) Co-operative Banks (UCBs)’. This penalty has been imposed in exercise of powers vested in RBI under section 47A(1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.

This action is based on deficiency 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 conducted by the RBI with reference to the bank’s financial position as on March 31, 2019 and the Inspection Report (IR) pertaining thereto, and examination of all related correspondence revealed, inter alia, non-compliance with aforesaid direction issued by RBI. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for contravention of the direction issued by RBI. After considering the bank’s reply to the notice and oral submissions made in the personal hearing, RBI came to the conclusion that the aforesaid charge was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/766

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Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India (RBI) has, by an order dated August 26, 2021, imposed a monetary penalty of ₹25 lakh (Rupees twenty-five lakh only) on New India Co-operative Bank Ltd., Mumbai, Maharashtra (the bank) for non-compliance with directions issued by RBI contained in the circular on ‘Frauds in UCBs: Changes in monitoring and reporting mechanism’ dated May 19, 2016. This penalty has been imposed in exercise of powers vested in RBI under section 47 A (1) (c) read with sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949.

This action is based on deficiency 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 conducted by the RBI with reference to the bank’s financial position as on March 31, 2019 and the Inspection Report (IR) pertaining thereto, and examination of all related correspondence revealed, inter alia, non-compliance with aforesaid directions issued by RBI. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for contravention of the directions issued by RBI. After considering the bank’s reply to the notice and oral submissions made in the personal hearing, RBI came to the conclusion that the aforesaid charge was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/765

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Reserve Bank of India – Press Releases

Press Releases

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(Amount in Crore of ₹)
  SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs) ALL SCHEDULED BANKS
14-Aug-20 30-JUL-2021* 13-AUG-2021* 14-Aug-20 30-JUL-2021* 13-AUG-2021*
I LIABILITIES TO THE BKG.SYSTEM (A)            
  a) Demand & Time deposits from bks. 221539.16 180793.83 174122.71 226553.32 184988.61 178275.81**
  b) Borrowings from banks 54621.22 40920.07 39456.25 54629.22 40937.57 39456.25
  c) Other demand & time liabilities 15718.66 18106.51 18778.92 15916.42 18368.77 19042.55
II LIABILITIES TO OTHERS (A)            
  a) Deposits (other than from banks) 14080509.96 15549095.6 15569905.81 14494250.37 15970329.96 15987034.65
  i) Demand 1463566.87 1834965.02 1794297.79 1498626.67 1875357.57 1834096.78
  ii) Time 12616943.09 13714130.6 13775608.02 12995623.7 14094972.41 14152937.87
  b) Borrowings @ 266457.93 243052.28 239689.53 270873.49 248917.71 241824.25
  c) Other demand & time liabilities 533042.46 573603.97 564249.49 545671.68 584608.48 575782.66
III BORROWINGS FROM R.B.I. (B) 253356.61 91796 91750.33 253356.61 91796 91750.33
  Against usance bills and / or prom. Notes 0     0    
IV CASH 87901.08 96153.28 94523.83 89993.88 98125.95 96404.45
V BALANCES WITH R.B.I. (B) 436470.49 674996.87 672481.48 449661.97 692516.17 689784.38
VI ASSETS WITH BANKING SYSTEM            
  a) Balances with other banks            
  i) In current accounts 15232.85 18316 19942.09 17324.45 20982.07 22342.76
  ii) In other accounts 139249.62 124422.59 122502.32 171242.25 156482.91 154496.8
  b) Money at call & short notice 12710.47 7856.24 7488.05 34669.33 23233.41 22342.24
  c) Advances to banks (i.e. due from bks.) 23039.25 23029.93 24524.26 23641.01 23897.62 25060.21£
  d) Other assets 37474.05 24743.21 24661.62 43024.53 27233.3 26964.59
VII INVESTMENTS (At book value) 4315166.27 4644187.68 4613646.55 4444267.16 4784826 4754118.06
  a) Central & State Govt. securities+ 4313713.53 4642818.53 4612100.58 4436202.14 4777341.65 4746579.86
  b) Other approved securities 1452.74 1369.15 1545.95 8065.02 7484.35 7538.19
VIII BANK CREDIT (Excluding Inter Bank Advance) 10219501.78 10910566.8 10888846.34 10551799.07 11248511.74 11228140.43
  a) Loans, cash credits & Overdrafts $ 10054270.82 10705238.94 10684014.58 10384673.03 11041167.27 11021221.02
  b) Inland Bills purchased 19472.99 30452.49 31195.72 19750.74 30467.51 31226.6
  c) Inland Bills discounted 102614.3 123424.09 124155.19 103596.12 124753.45 125541.06
  d) Foreign Bills purchased 16904.06 19079.77 18882.39 17123.27 19260.94 19049.04
  e) Foreign Bills discounted 26239.61 32371.47 30598.47 26655.91 32862.52 31102.71
NOTE
* Provisional figures incorporated in respect of such banks as have not been able to submit final figures.
(A) Demand and Time Liabilities do not include borrowings of any Scheduled State Co-operative Bank from State Government and any reserve fund deposits maintained with such banks by any co-operative society within the areas of operation of such banks.
** This excludes deposits of Co-operative Banks with Scheduled State Co-operative Banks. These are included under item II (a).
@ Other than from Reserve Bank, National Bank for Agriculture and Rural Development and Export Import Bank of India.
(B) The figures relating to Scheduled Commercial Banks’ Borrowings in India from Reserve Bank and balances with Reserve Bank are those shown in the statement of affairs of the Reserve Bank. Borrowings against usance bills and/ or promissory notes are under Section 17(4)(c) of the Reserve Bank of India Act, 1934. Following a change in the accounting practise for LAF transactions with effect from July 11, 2014, as per the recommendations of Malegam Committee formed to review the Format of Balance Sheet and the Profit and Loss Account of the Bank, the transactions in case of Repo/ Term Repo/MSF are reflected under “Borrowings from RBI”.
£ This excludes advances granted by Scheduled State Co-operative Banks to Co-operative banks. These are included under item VIII (a).
+ Includes Treasury Bills, Treasury Deposits, Treasury Savings Certificates and postal obligations.
$ Includes advances granted by Scheduled Commercial Banks and State Co-operative Banks to Public Food Procurement Agencies (viz. Food Corporation of India, State Government and their agencies under the Food consortium).

Food Credit Outstanding as on
(₹ in Crore)
Date 14-Aug-20 30-Jul-21 13-Aug-21
Scheduled Commercial Banks 73082.15 77477.65 72012.2
State Co-operative Banks 30404.59 35818.33 35818.06

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
Director   

Press Release: 2021-2022/764

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Reserve Bank of India – Press Releases

Press Releases

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1. Reserve Bank of India – Liabilities and Assets*
(₹ Crore)
Item 2020 2021 Variation
Aug. 21 Aug. 13 Aug. 20 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government – – – – –
4.2 State Governments 5810 10175 9992 -183 4183
* Data are provisional.

2. Foreign Exchange Reserves
Item As on August 20,
2021		 Variation over
Week End-March 2021 Year
₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn.
1 2 3 4 5 6 7 8
1 Total Reserves 4588475 616895 -10917 -2470 369522 39911 565115 79348
1.1 Foreign Currency Assets 4261979 573009 -18145 -3365 337811 36316 563311 78841
1.2 Gold 277056 37249 7225 913 29333 3369 -1851 -15
1.3 SDRs 11461 1541 -3 -3 598 55 376 60
1.4 Reserve Position in the IMF 37979 5096 6 -15 1781 172 3279 462
*Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding
as on Aug. 13, 2021		 Variation over
Fortnight Financial year so far Year-on-year
2020-21 2021-22 2020 2021
1 2 3 4 5 6
2 Liabilities to Others            
2.1 Aggregate Deposits 15569906 20810 513018 456393 1400469 1489396
2.1a Growth (Per cent)   0.1 3.8 3.0 11.0 10.6
2.1.1 Demand 1794298 -40667 -153436 -66895 147624 330731
2.1.2 Time 13775608 61477 666454 523288 1252846 1158665
2.2 Borrowings 239690 -3363 -42981 -4335 -90677 -26768
2.3 Other Demand and Time Liabilities 564249 -9354 -70633 -92358 17721 31207
7 Bank Credit 10888846 -21720 -151359 -60663 534940 669345
7.1a Growth (Per cent)   –0.2 –1.5 –0.6 5.5 6.5
7a.1 Food Credit 72012 -5465 21318 10758 7862 -1070
7a.2 Non-food credit 10816834 -16255 -172677 -71421 527078 670415

6. Money Stock: Components and Sources
(₹ Crore)
Item Outstanding as on Variation over
2021 Fortnight Financial Year so far Year-on-Year
2020-21 2021-22 2020 2021
Mar. 31 Aug. 13 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 18844578 19403692 32168 0.2 761551 4.5 559115 3.0 1962348 12.6 1842178 10.5
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2751828 2854537 15268 0.5 244066 10.4 102708 3.7 487518 23.1 260723 10.1
1.2 Demand Deposits with Banks 1995120 1929693 -41381 -2.1 -153422 -8.8 -65427 –3.3 153864 10.8 345423 21.8
1.3 Time Deposits with Banks 14050278 14573563 58478 0.4 669872 5.3 523284 3.7 1311943 10.9 1229675 9.2
1.4 ‘Other’ Deposits with Reserve Bank 47351 45899 -197 -0.4 1035 2.7 -1452 –3.1 9023 29.6 6357 16.1
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 5850374 6093417 40693 0.7 574348 11.6 243043 4.2 684419 14.1 558706 10.1
2.1.1 Reserve Bank 1099686 1188427 71454   -12348   88742   -109621   208583  
2.1.2 Other Banks 4750689 4904990 -30762 -0.6 586696 14.8 154301 3.2 794040 21.1 350123 7.7
2.2 Bank Credit to Commercial Sector 11668466 11600369 -23261 -0.2 -159473 -1.4 -68097 –0.6 582490 5.7 721198 6.6
2.2.1 Reserve Bank 8709 8698 125   -1553   -11   3808   -2915  
2.2.2 Other Banks 11659757 11591671 -23386 -0.2 -157920 -1.4 -68086 –0.6 578682 5.6 724113 6.7

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabil isation Scheme OMO (Outright) Long Term Repo Oper ations& Targeted Long Term Repo Oper ations# Special Long-Term Repo Operations for Small Finance Banks Special Reverse Repo£ Net Injection (+)/ Absorption (-) (1+3+5+ 6+9+10+ 11+12-2 -4-7-8-13)
Repo Reverse Repo* Variable Rate Repo Variable Rate Reverse Repo Sale Purchase
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Aug. 16, 2021 – 62341 – – 2532 – – – – – – – – -59809
Aug. 17, 2021 – 631751 – – 48 – – – – – – 250 – -631453
Aug. 18, 2021 – 583509 – – 0 – – – – – – – – -583509
Aug. 19, 2021 – 62223 – – 1008 – – – – – – – – -61215
Aug. 20, 2021 – 539812 – – 0 – – – – – – – – -539812
Aug. 21, 2021 – 34471 – – 42 – – – – – – – – -34429
Aug. 22, 2021 – 4743 – – 8 – – – – – – – – -4735
* Includes additional Reverse Repo and additional MSF operations (for the period December 16, 2019 to February 13, 2020).
# Includes Targeted Long Term Repo Operations (TLTRO) and Targeted Long Term Repo Operations 2.0 (TLTRO 2.0) and On Tap Targeted Long Term Repo Operations. Negative (-) sign indicates repayments done by Banks.
& Negative (-) sign indicates repayments done by Banks.
£ As per Press Release No. 2021-2022/177 dated May 07, 2021. From June 18, 2021, the data also includes the amount absorbed as per the Press Release No. 2021-2022/323 dated June 04, 2021.

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
Director   

Press Release: 2021-2022/763

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Indo-Nepal Remittance Facility: RBI enhances transaction ceiling 4-fold to ₹2 lakh

Banking & Finance

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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 – Press Releases

Press Releases

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Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

Sr. No Treasury Bill Notified Amount
(in ₹ crore)		 Auction Date Settlement Date
1 91 Days 9,000 September 01, 2021
(Wednesday)		 September 02, 2021
(Thursday)
2 182 Days 4,000
3 364 Days 4,000
  Total 17,000    

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:

Category Timing
Competitive bids 10:30 am – 11:30 am
Non-Competitive bids 10:30 am – 11:00 am

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
Director   

Press Release: 2021-2022/761

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Reserve Bank of India – Tenders

Tenders

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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
b. Sh. Rajiv Narang, AGM
c. Ms. Deepti Verma, AM
d. Sh Sumit Gaurav, AM
e. Ms Bhoomika Bansal, Assistant

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
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.
Whether MSTC transaction fee will be applicable on the e-tender 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.
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 of Tender document. The scope of work in Staff Canteen is given in Annexure II 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 or Chandigarh Administration (whichever is higher), 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 or Chandigarh Administration (whichever applicable), Bank will only revise the monthly charges on annual basis at time of renewal of contract.
Whether amount in respect of minimum wages is to be quoted for single labour As per tender details, minimum wage is to be quoted for one unskilled worker and the portal will automatically calculate for two (02) workers.
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 is to be borne by the contractor. Further, crockery/ cooking utensils in case of staff canteen, is also to be arranged by the vendor. The vendor has to submit police verification reports of all workers deployed by him. Annual medical check- up of all workers is 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.

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