Get Bank IFSC & MICR codes here.
[ad_1]
|
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 |
[ad_2]
[ad_1]
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
[ad_2]
[ad_1]
|
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 |
[ad_2]
[ad_1]
[ad_2]
[ad_1]
|
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
|
[ad_2]
[ad_1]
|
RBI/2021-22/94 August 27, 2021 The Chairman / Managing Director / Chief Executive Officer Madam / Dear Sir, Enhancements to Indo-Nepal Remittance Facility Scheme The Indo-Nepal Remittance Facility Scheme (Scheme) was launched by the Reserve Bank of India in May 2008 as an option for cross-border remittances from India to Nepal, with special focus on requirements of migrant workers of Nepali origin working in India. The Scheme leverages the National Electronic Funds Transfer (NEFT) ecosystem available in the country for origination of such remittances and entails a ceiling of ₹50,000 per remittance with a maximum of 12 remittances in a year. 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, i.e., Nepal SBI Bank Limited (NSBL) or through an agency arrangement. 2. A review of the Scheme has since been made and to boost trade payments between the two countries, as also to facilitate person-to-person remittances electronically to Nepal, the following enhancements are announced –
3. The enhancements are also expected to facilitate payments relating to retirement, pension, etc., to our ex-servicemen who have settled / relocated in Nepal. 4. These directions are issued under Section 10 (2) read with Section 18 of Payment and Settlement Systems Act, 2007 (Act 51 of 2007) and shall come into effect from October 01, 2021. Yours faithfully, (P Vasudevan) |
[ad_2]
[ad_1]
RBI/2021-22/93
DCM (CC) No.97527/03.41.01/2021-22
August 27, 2021
The Chairman / Managing Director &
Chief Executive Officer
(All Scheduled Commercial banks including RRBs)
Madam / Dear Sir,
Review of incentive and other measures to enhance distribution of coins
Please refer to our Master Direction DCM (CC) No.G-2/03.41.01/2021-22 dated April 01, 2021 on “Currency Distribution & Exchange Scheme (CDES)” for bank branches including currency chests which inter alia, provides for financial incentives of ₹25 per bag to banks for distribution of coins over the counter.
2. Keeping in view the overall objectives of Clean Note policy and to ensure that all bank branches provide better customer service to members of public with regard to exchange of notes and distribution of coins, the afore-said Scheme has since been reviewed and it has now been decided to revise the incentive being paid to the banks for distribution of coins with a major thrust on alternate avenues so as to extend the outreach. Accordingly, paragraph 2 (Incentives) Sl.No. (iii) stands revised as follows:
a) Revised scheme of incentive for distribution of coins
(i) With effect from September 01, 2021, an incentive of ₹65/- per bag for distribution of coins (instead of ₹25/- as earlier) will be paid on the basis of net withdrawal from currency chest (CCs), without waiting for claims from banks. Currency chest branch will have to pass on the incentive to the linked bank/branches for coins distributed by them on a pro-rata basis within one week from the receipt of incentives from RBI.
(ii) An additional incentive of ₹10/- per bag would be paid for coin distribution in rural and semi-urban areas on the submission of a CA / Auditor certificate to this effect.
(iii) The distribution of coins shall also be verified by RBI Regional Offices during inspection of currency chest/incognito visit to branches etc.
b) Banks to provide coins to bulk customers
Further, in terms of Paragraph 2, Sl. No. (iii) (iii) of circular ibid, banks were instructed to put in place a system of checks and balances so as to ensure that coins are distributed to retail customers in small lots and not to bulk customers.
On a review, with a view to meet the coin requirements of bulk customers (requirement of more than 1 bag in a single transaction) banks are advised to provide coins to such customers purely for business transactions. The banks may also endeavour to provide such services as part of their Board approved policy on ‘Door Step Banking’ services. Such customers should be KYC compliant constituents of the bank and the record of coins supplied should be maintained. Banks are advised to exercise due diligence to ensure that such facility is not misused.
Disbursement of coins to retail customers through counters of bank branches shall continue as hitherto.
c) Engaging Business Correspondents (BCs) for distribution of coins
Attention is invited to circulars DBOD.No.BAPD.BC.46/22.01.009/2013-14 dated September 2, 2013 and DCM (Plg) No. G 12 /10.65.03/2013-14 dated September 10, 2013, permitting banks to include distribution of coins and banknotes in the scope of activities undertaken by BCs and explore the possibility of enlisting their service for carrying out various currency management functions while addressing the last mile connectivity issues.
In this context, it is reiterated that banks should enhance the engagement of their BCs for distribution of coins to public and may also incentivise such activities as per their Board approved policy.
To ensure steady supply of coins to bulk customers and BCs for onward distribution, all banks may ensure that each of their branches maintains a minimum stock of one bag of coins in each denomination.
d) Engaging Cash in Transit (CIT) entities for distribution of coins
Attention is also invited to circular DCM (Plg) No. G – 14/10.65.03/2013-14 dated October 10, 2013 on Monetary Policy Statement for 2013-14 – Distribution of Banknotes and Coins – Alternative Avenues wherein banks were advised to explore the possibility of engaging the services of CIT entities for the purpose of distribution of banknotes and coins. It is reiterated that banks may engage CIT entities to further enhance distribution of coins to public.
3. Implementation of coin distribution measures may be commented upon by officers deputed to undertake bi-monthly and half-yearly verification as a part of internal control and supervision by the currency chest maintaining bank.
4. Senior Officers of banks on visits to currency chests and branches may be advised to specifically comment on the implementation of the above measures in their visit reports.
5. Please acknowledge receipt.
Yours faithfully,
(Subrata Das)
Chief General Manager-in-Charge
[ad_2]
[ad_1]
Life Insurance Corporation of India (LIC) has launched Ananda mobile app.
“Atma Nirbhar Agents New Business Digital Application, the digital paperless solution for new business processes in LIC has now been provided a new dimension with the launch of Ananda mobile app,” LIC said in a statement.
Built on paperless KYC process using Aadhaar based e-authentication of the life proposed, the digital application is a tool for the on boarding process to get the life insurance policy through a paperless module with the help of the agent or intermediary, it further said
[ad_2]
[ad_1]
|
E-tender No.: RBI/Kanpur/Estate/519/20-21/ET/809 A reference is invited to the captioned e-tender no. RBI/Kanpur/Estate/519/20-21/ET/809 which was floated on June 18, 2021 “Tenders” link of RBI website (www.rbi.org.in) and MSTC portal (www.mstcecommerce.com). 2. This is to inform that, the captioned tender stands cancelled. Regional Director |
[ad_2]
[ad_1]
The terms of UBI’s executive directors — Manas Ranjan Biswal and Gopal Singh Gusain — have been extended vide a notification dated August 26, the lender said in a regulatory filing.
Biswal’s term has been extended beyond his currently notified term, which expires on February 28, 2022, till the date of his superannuation (April 30, 2022) or until further orders, whichever is earlier, Union Bank of India said.
Similarly, Gusain’s term has been extended till the date of his superannuation, (January 31, 2022) or until further orders, whichever is earlier. His term was coming to an end on September 19.
The Department of Financial Services, through a notification on August 26, has also extended the term of office of Ashok Srivastava, executive director of Central Bank of India, the lender said in a separate filing.
His term has been extended beyond January 22, 2022, till the date of his superannuation (November 30, 2022) or until further orders, whichever is earlier, Central Bank of India added.
[ad_2]