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Reserve Bank of India – Tenders

Tenders

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Department of Communication (DoC), Reserve Bank of India (RBI), 9th Floor, Central Office Building, Shahid Bhagat Singh Marg, Fort, Mumbai – 400001, invites proposals for selection of agency/agencies for preparing creatives for RBI’s multi-media, multi-lingual, pan India public awareness campaigns

The bidders intending to participate in the tendering process should submit their bids online as per the Tender Document, which may be downloaded from ‘Tenders’ section on RBI website (https://rbi.org.in) and MSTC website (https://www.mstcecommerce.com/eprochome/rbi/).

Important Dates:

Tender Start View Date: Monday, June 21, 2021 at 1600 hrs

Bid Start Date: Monday, June 21, 2021 at 1600 hrs

Bid Close Date: Monday, July 12, 2021 at 1500 hrs

Bid Opening Date and Time: Monday, July 12, 2021 at 1600 hrs

Note: Any further Addenda/Corrigenda/extension of dates, Clarifications/ Responses to bidders’ queries in respect of the above tender shall be posted on Bank’s website (www.rbi.org.in) only and no separate notification shall be issued in the press

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These Nifty Stocks Gave The Highest Dividend In FY21

Personal Finance

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1. BPCL:

The divestment or privatization bound state-run oil marketing company announced the good dividend for the FY21 of Rs. 79 per equity share. Of which Rs. 58 has been announced as the final dividend for the FY while Rs. 21 was announced as the interim dividend. This turns out to be a healthy dividend yield of 16.63%, considering the last traded price of Rs. 475.05 per share on the NSE.

Also, it is being said that the proposal for 100 percent foreign direct investment (FDI) in oil PSUs can hasten the process of BPCL divestment/privatization.

2. IOC:

2. IOC:

This is again a Nifty 50 stock that has paid a good dividend over the FY21. The company released two interim dividends of amount Rs. 7.5 and Rs. 3. In addition on May 20, while announcing Q4 and full year financial results, the oil marketing company announced a final dividend of Rs.1.5 per share. Thus taking the total dividend pay out for FY 21 to be Rs. 12 per equity share. Hence, the dividend yield considering the last share price of Rs. 112.65 comes out to be 10.65%.

3. ITC:

3. ITC:

FMCG conglomerate with presence across verticals is known to be a good dividend paying stock. For the FY, the company’s dividend is as though Rs. 5 as interim and Rs. 5.75 as final, so dividend yield is 5.258%, considering the last traded price of Rs. 204.45 per share on the NSE.

4. TCS:

4. TCS:

This is another Nifty stock that has topped the charts in terms of dividend pay-out. For the FY21, the company gave out dividends four times in amounts of Rs. 5, 12 and 6 while the last Rs. 15 has been given as a final dividend, taking the total dividend pay out for the FY 2021 to be 38. So, dividend yield for TCS turns out to be 1.16% taking the last traded price of Rs. 3273.10.

5. Infosys:

5. Infosys:

The IT company has in total announced the dividend of Rs. 27 in two installments, taking the dividend yield to be 1.8%. Infosys stock last ended at a price of Rs. 1500.3 per share on the NSE and it trades close to its 52-week high price of Rs.1515.80.

Note dividend yield of a company is compared with the industry average to which the company belongs.

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Reserve Bank of India – Tenders

Tenders

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e-Tender No. RBI/Central Office/DIT/19/20-21/ET/753

Please refer to the tender notice for the captioned tender published on the Bank’s website www.rbi.org.in on May 11, 2021 inviting application from eligible vendors for the tender through e-tender on MSTC website (https://www.mstcecommerce.com/eprochome/rbi/) and the subsequent corrigendum. It has been decided to extend the timeline for submission and opening of the tender as mentioned below:

Sl. No. Tendering Process Revised Date and Time
1 Date and time of closing of tender for submission of Technical Bid and Price Bid June 30, 2021, upto 15:00 hrs
2 Date & time of opening of Technical Bid June 30, 2021, 15:30 hrs

* All other terms and conditions mentioned in the tender remain unchanged.

Chief General Manager-in-Charge
DIT, Central Office

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Small Finance Banks Lower Fixed Deposit Rates: Check New Rates Here

Personal Finance

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Planning

oi-Roshni Agarwal

|

To establish their foothold in the market, Small Finance Banks began their operations by offering a higher rate on bank fixed deposits in comparison to most public run and private sector bank in the country.

Pointers to note if you are opening Fixed Deposit scheme with Small Finance Banks in India

1. Small Finance banks function as per the rules and norms laid down by the apex bank of the country i.e. RBI. But herein as the focus of these banks is primarily financial inclusion and they have a differentiated business, RBI came up with separate operating guidelines for them. Nonetheless other stipulations such as with respect to capital adequacy, CRR and SLR are to be adhered by these banks similar to commercial banks in the country. So, there are being administered and regulated at par with other private and public banking entities in the country.

2. Interest wise FDs at Small Finance Bank still offer a better rate with interest rate ranging between 5.6-6.75% for a 1 to 3 year tenure. In comparison, FDs at private and public sector banks offer a maximum of 5.3% for a similar tenure.

3. Deposits at Small Finance Banks similar to other banks in the country are insured by the DICGC or Deposit Insurance Credit Guarantee Corporation to the maximum of Rs. 5 lakh. So, as these term or fixed deposits at SFBs are also backed by an insurance of up to Rs. 5 lakh, investing in them shall be secure to the extent of insured amount.

1-Year FD Rates At Various Small Finance Banks

1-Year FD Rates At Various Small Finance Banks

Small Finance Bank New Interest rate for a 1-year FD Senior citizen FD rates Revised rate applicable from
Suryoday Small Finance Bank 6.5% 6.75% Effective from June 21, 2021
Capital Small Finance Bank 6% 6.5% June 3, 2021
Equitas Small Finance Bank 6.35% 6.85% June 1, 2021
Fincare Small Finance Bank 5.6% 6.1% May 17, 2021
Jana Small Finance Bank 6.25% 6.75% May 7, 2021
Utkarsh Small Finance Bank 6.75% 7.25% October 19, 2020

As can be analyzed from the table above, the maximum interest rate on a 1-year FD among Small Finance banks is offered by Utkarsh Finance Bank of 6.75% and similarly senior citizens are also able to fetch a better rate of over 7.25% per annum.

3-Year FD Rates At Various Small Finance Banks

3-Year FD Rates At Various Small Finance Banks

Small Finance Bank New Interest rate for a 3-year FD Senior citizen FD rates Revised rate applicable from
Suryoday Small Finance Bank 6.25% 6.5% Effective from June 21, 2021
Capital Small Finance Bank 6% 6.5% June 3, 2021
Equitas Small Finance Bank 6.35% 6.85% June 1, 2021
Fincare Small Finance Bank 6.25% 6.75% May 17, 2021
Jana Small Finance Bank 6.5% 7% May 7, 2021
Utkarsh Small Finance Bank 6.75% 7.25% October 19, 2020

Here for the FD tenure of 3 years also Utkarsh Small Finance Bank is topping the list with a return of 6.75%.

5-Year FD Rates At Various Small Finance Banks

5-Year FD Rates At Various Small Finance Banks

Small Finance Bank New Interest rate for a 5-year FD Senior citizen FD rates Revised rate applicable from
Suryoday Small Finance Bank 6.25% 6.5% Effective from June 21, 2021
Capital Small Finance Bank 6% 6.5% June 3, 2021
Equitas Small Finance Bank 6.25% 6.75% June 1, 2021
Fincare Small Finance Bank 6% 6.5% May 17, 2021
Jana Small Finance Bank 6.5% 7% May 7, 2021
Utkarsh Small Finance Bank 6.75% 7.25% October 19, 2020

Here it is worth mentioning that Suryoday Finance Bank has brought about a steepest cut for FDs of 5 year tenure as earlier a 5-year FD with the bank earned 7.25% return p.a.

Special FD schemes of Small Finance Bank

Special FD schemes of Small Finance Bank

Also, these small finance banks have rolled out some special tenure FDs that carry a slightly better rate. Say for instance, Capital Small Finance Bank offers 900 days FD that offers the highest rate of 6.25%. Likewise, Equitas Small Finance Bank offers the highest rate of 6.5% on 888 days deposit. Notably, 5-years 1 day to 10 years FD at the bank also offers the same rate i.e. 6.5%.

Utkarsh Small Finance Bank’s 700 days FD is the only one offering 7% return and for senior citizens the return on it is 7.5%.

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Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India (RBI) has imposed, by an order dated June 21, 2021, a monetary penalty of ₹ 12 lakh (Rupees Twelve lakh only) on Mogaveera Co-operative Bank Limited, Mumbai (the bank) for contravention of the provisions of section 26-A read with section 56 of the Act, directions issued by the RBI on Maintenance of Deposit Accounts and Know Your Customer (KYC) Directions. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949 (the Act), taking into account the failure of the bank to adhere to the aforesaid directions issued by the RBI.

This action is based on deficiencies 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 inspection report of the bank, based on its financial position as on March 31, 2019, revealed that the bank had (i) not fully transferred unclaimed deposits to Depositor Education and Awareness (DEA) Fund (ii) not conducted annual review of inoperative accounts (iii) no system of periodic review of risk categorization of accounts and (iv) customers with multiple Unique Customer Identification Codes (UCICs) for multiple accounts and also multiple customers with same UCICs. Based on the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with and contravention of the provisions of the Act and the directions issued under the Act, as stated therein.

After considering the bank’s reply to the notice, the RBI came to the conclusion that the aforesaid charges of non-compliance with and contravention of the provisions of the Act and the directions issued under the Act were substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/405

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Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India (RBI) has imposed, by an order dated June 21, 2021, a monetary penalty of ₹1 lakh (Rupees One lakh only) on The Baramati Sahakari Bank Limited, Baramati (the bank) for contravention of the directions issued by RBI on Exposure Norms and Statutory/Other Restrictions – UCBs. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid directions issued by the RBI.

The action is based on deficiencies 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 inspection report of the bank based on its financial position as on March 31, 2019, revealed that the bank had exceeded prudential inter-bank (single bank) exposure limit. Based on the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with the directions.

After considering the bank’s reply to the notice, oral submissions made during the personal hearing, the RBI came to the conclusion that the aforesaid charge of non-compliance with the RBI directions was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/404

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SBI to raise up to ₹14,000 cr via AT-1 capital

Banking & Finance

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State Bank of India’s Central Board on Monday accorded approval for raising fresh Additional Tier 1 (AT-1) capital up to an amount of ₹14,000 crore.

The fundraising, subject to the Government’s concurrence, will be through the issuance of Basel III compliant debt instruments in US Dollar and /or Indian Rupee during FY 22, India’s largest bank said in a regulatory filing.

During FY21, SBI mopped up ₹6,500 crore via Basel III compliant debt instruments under AT-1 and ₹20,931 crore via Tier – 2 capital, as per the bank’s annual report.

During FY21, the bank redeemed AT-1 Bonds aggregating to ₹200 crore and Tier-2 Bonds aggregating to ₹16,647.83 crore.

In the annual report, Dinesh Kumar Khara, Chairman, said: “The bank is comfortably placed in terms of growth capital. Opportunities for lending in promising sectors will be explored to diversify the portfolio and contain risk.”

Capital adequacy

The report observed that the capital adequacy of the bank improved during the last financial year on the back of better capital planning, internal resource generation and containment of risk in banking books as reflected in 202 basis point (bps) reduction in credit risk-weighted assets on advances to gross advances ratio.

The capital adequacy position of the bank improved from 13.06 per cent in March last year to 13.74 per cent in March 2021. The CET (Common Equity Tier) 1 capital and AT-1 capital ratios put together increased by 44 bps to 11.44 per cent.

The bank also increased its Tier-II capital base to 2.30 per cent in March 2021 from 2.06 per cent the previous year.

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Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India (RBI) has imposed, by an order dated June 21, 2021, a monetary penalty of ₹10 lakh (Rupees Ten lakh only) on Indapur Urban Cooperative Bank Ltd., Indapur (the bank) for contravention of the directions issued by the RBI on Exposure Norms and Statutory / Other Restrictions – UCBs and Know Your Customer (KYC) Directions. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) and Section 56 of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI.

This action is based on deficiencies 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 inspection report of the bank, based on its financial position as on March 31, 2019, revealed that the bank (i) had not adhered to the aggregate ceiling on unsecured advances (ii) did not have process for periodical review of risk categorization of accounts and (iii) did not have a robust system in place to generate alerts whenever transactions were inconsistent with the risk categorization of customers. Based on the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with the directions.

After considering the bank’s reply to the notice, the RBI came to the conclusion that the aforesaid charges of non-compliance with the RBI directions were substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/406

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Reserve Bank of India – Tenders

Tenders

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College of Agricultural Banking (CAB), Reserve Bank of India, Pune-411016, hereinafter referred to as “CAB”, “College” or “the Bank”, invites E-tenders under Two – Bid system (Technical & Financial Bid) for the work, viz “Providing Integrated Facility Management Service (IFMS) at CAB and its premises (as detailed in Annex XIII)”. IFMS will comprise of Facility Management and Housekeeping, Maintenance of Plumbing and Sanitary, Electrical, Electro-mechanical and Carpentry Installations in the Premises, Horticultural works, Pest Control Treatment, OWC, and Catering services. The agreement shall be for provision of the said service for a period from August 01, 2021 to March 31, 2022, which shall be extendable up to two more years subject to mutual consent of both the parties and based on the satisfactory performance of the Service Provider/contractor and on the basis of increase in Consumer Prices Index for industrial workers. The price index for renewal will be considered before six-month index of the contract period.

Online tenders will be available for viewing /download from 03.00 PM on 21-06-2021 from the website www.mstcecommerce.com.

The tenderers should electronically submit their proposal, as per the instructions regarding E-Tender, along with all supporting documents complete in all respects on or before July 22, 2021 up to 02.00 PM. Tenderers shall submit tender proposal along with refundable EMD of ₹ 6.18 Lakh as prescribed in the tender. The technical bids (Part I) will be opened electronically on July 22, 2021 at 03.00 PM. In the event of any date indicated above being declared a Holiday, the next working day shall become operative for the respective purpose mentioned herein. Financial bid (Part II) of only those bidders who are found to be eligible on evaluation of their Part I documents will be opened on a later date, after intimating them.

Tender document can be downloaded from RBI website- www.rbi.org.in – and www.mstcecommerce.com. Any amendment(s) / corrigendum / clarifications with respect to this tender shall be uploaded on the website / e-portal only. The tenderer should check the above website / e-portal for any Amendment / Corrigendum / Clarification before submitting the bid. The Bank reserves the right to reject any or all the tenders without assigning any reason thereof.

The Chief General Manager & Principal
College of Agricultural Banking,
Reserve Bank of India,
University Road, Pune – 411016

SCHEDULE OF TENDER (SOT)

a. E-Tender no RBI/CAB Pune/773/20-21/ET/773
b. Tender name E- Tender for Providing Integrated Facility Management Services (IFMS) at College of Agricultural Banking (CAB), Reserve Bank of India, Pune-411016 and its premises
c. Mode of Tender e-Procurement System
(Online Part I – Pre-qualification criteria and Techno-Commercial Bid and Part-II-Price Bid through www.mstcecommerce.com/eprochome/rbi)
d. Date of NIT available to parties to download 3.00 PM of 21/06/2021
e. Pre-Bid Meeting 11.00 AM of 28/06/2021 off-line at Iravati Conference Room, CAB, Pune or online through WebEx.
f. Estimated cost of work ₹ 309 Lakh (Rupees Three Hundred and nine lakh) per annum inclusive of GST. However initial duration of tender will be up to 31.03.2022.
g. Earnest Money Deposit ₹ 6.18 Lakh (Rupees Five lakh and Eighty-four thousand) from each bidder.
h. Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid at www.mstcecommerce.com/eprochome/rbi 4.00 PM of 01/07/2021
i. Due date of submission of EMD Up to 12.00 noon of 22/07/2021
j. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid. 02.00 PM of 22/07/2021
k. Date & time of opening of Tender Part-I Date & time of opening of Part II (Financial Bid) 03.00 PM of 22/07/2021
Opening of Financial Bid will be intimated to all the eligible bidders later
l. Transaction Fee Transaction fee is 0.05% of estimated cost subject to a maximum of ₹.15,000/- (Rupees Fifteen thousand only) Payment of Transaction fee is as mentioned in the MSTC portal through MSTC payment gateway through /NEFT/RTGS in favour of MSTC LIMITED.

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Reserve Bank of India – Press Releases

Press Releases

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Today, the Reserve Bank released its quarterly house price index (HPI)1 (base: 2010-11=100) for Q4:2020-21, based on transaction-level data received from housing registration authorities in ten major cities (viz., Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow and Mumbai). Time series data on all-India and city-wise HPIs are available at the Bank’s Database of Indian Economy (DBIE) portal (https://dbie.rbi.org.in/DBIE/dbie.rbi?site=statistics > Real Sector > Price & Wages > Quarterly).

Highlights:

  • All-India HPI increased (y-o-y) by 2.7 per cent in Q4:2020-21 vis-a-vis 3.9 per cent growth a year ago; HPI growth showed large variation across major cities, from an increase of 15.7 per cent (Bengaluru) to a contraction of (-) 3.6 per cent (Jaipur).

  • On a sequential (q-o-q) basis, all-India HPI growth rate moderated to 0.2 per cent in Q4:2020-21; Delhi, Bengaluru, Kolkata and Jaipur recorded a sequential decline in HPI, whereas it increased for other cities.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/403

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