RBI News – Page 128 – IFSCCodeof.in

Reserve Bank of India – Tenders

June 24, 2021 root Tenders

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SCHEDULE OF TENDER

Name of work	Annual Maintenance Contract for various types of Fire Extinguishers for Central Office Building at Fort, Mumbai
Mode of Tender	Invitation of sealed quotations
Bank’s estimated cost (Including GST)	₹ 90,000/-
Earnest Money Deposit	Nil
Date of issue of Tender on Bank’s Website	From 11:00 Hrs on 24 Jun 2021
Pre-Bid queries (through e-mail only)	Up to 15.00 Hrs on 08 Jul 2021
Last Date of submission of quotation	Up to 13:00 Hrs on 22 Jul 2021
Date & time of opening of quotations	Quotations shall be opened at 15:00 Hrs on 22 Jul 2021.

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Reserve Bank of India – Annual Report

June 24, 2021 root Publications

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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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Reserve Bank of India – Press Releases

June 24, 2021 root Press Releases

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(Amount in ₹ crore, Rate in Per cent)

	Volume (One Leg)	Weighted Average Rate	Range
A. Overnight Segment (I+II+III+IV)	4,04,477.67	3.26	0.01-3.50
I. Call Money	8,203.95	3.17	1.90-3.50
II. Triparty Repo	2,96,689.20	3.25	3.20-3.44
III. Market Repo	99,584.52	3.29	0.01-3.45
IV. Repo in Corporate Bond	0.00		–
B. Term Segment
I. Notice Money**	283.05	3.15	2.60-3.30
II. Term Money^@@	301.00	–	3.10-3.40
III. Triparty Repo	250.00	3.25	3.25-3.25
IV. Market Repo	0.00	–	–
V. Repo in Corporate Bond	0.00	–	–

	Auction Date	Tenor (Days)	Maturity Date	Amount	Current Rate / Cut off Rate
C. Liquidity Adjustment Facility (LAF) & Marginal Standing Facility (MSF)
I. Today’s Operations
1. Fixed Rate
(i) Repo
(ii) Reverse Repo	Wed, 23/06/2021	1	Thu, 24/06/2021	3,49,005.00	3.35
(iii) Special Reverse Repo^~
(iv) Special Reverse Repo^ψ
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSF	Wed, 23/06/2021	1	Thu, 24/06/2021	0.00	4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)^£
5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*				-3,49,005.00
II. Outstanding Operations
1. Fixed Rate
(i) Repo
(ii) Reverse Repo
(iii) Special Reverse Repo^~	Fri, 18/06/2021	14	Fri, 02/07/2021	960.00	3.75
(iv) Special Reverse Repo^ψ	Fri, 18/06/2021	14	Fri, 02/07/2021	40.00	3.75
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo	Fri, 18/06/2021	14	Fri, 02/07/2021	2,00,009.00	3.50
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSF
4. Long-Term Repo Operations^#	Mon, 17/02/2020	1095	Thu, 16/02/2023	499.00	5.15
	Mon, 02/03/2020	1094	Wed, 01/03/2023	253.00	5.15
	Mon, 09/03/2020	1093	Tue, 07/03/2023	484.00	5.15
	Wed, 18/03/2020	1094	Fri, 17/03/2023	294.00	5.15
5. Targeted Long Term Repo Operations^	Fri, 27/03/2020	1092	Fri, 24/03/2023	12,236.00	4.40
	Fri, 03/04/2020	1095	Mon, 03/04/2023	16,925.00	4.40
	Thu, 09/04/2020	1093	Fri, 07/04/2023	18,042.00	4.40
	Fri, 17/04/2020	1091	Thu, 13/04/2023	20,399.00	4.40
6. Targeted Long Term Repo Operations 2.0^	Thu, 23/04/2020	1093	Fri, 21/04/2023	7,950.00	4.40
7. On Tap Targeted Long Term Repo Operations^€	Mon, 22/03/2021	1095	Thu, 21/03/2024	5,000.00	4.00
	Mon, 14/06/2021	1096	Fri, 14/06/2024	320.00	4.00
8. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)^£	Mon, 17/05/2021	1095	Thu, 16/05/2024	400.00	4.00
	Tue, 15/06/2021	1095	Fri, 14/06/2024	490.00	4.00
D. Standing Liquidity Facility (SLF) Availed from RBI^$				15,776.80
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*				-1,01,940.20
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*				-4,50,945.20
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on		23/06/2021		6,10,922.44
(ii) Average daily cash reserve requirement for the fortnight ending		02/07/2021		6,19,074.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on^¥		23/06/2021		0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on		04/06/2021		8,57,660.00
^@ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).
– Not Applicable / No Transaction.
** Relates to uncollateralized transactions of 2 to 14 days tenor.
^@@ Relates to uncollateralized transactions of 15 days to one year tenor.
^$ Includes refinance facilities extended by RBI.
^& As per the Press Release No. 2019-2020/1900 dated February 06, 2020.
* Net liquidity is calculated as Repo+MSF+SLF-Reverse Repo.
^# As per the Press Release No. 2020-2021/287 dated September 04, 2020.
^ As per the Press Release No. 2020-2021/605 dated November 06, 2020.
^€ As per the Press Release No. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020 and Press Release No. 2020-2021/1057 dated February 05, 2021.
^¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
^£ As per the Press Release No. 2021-2022/181 dated May 07, 2021.
^~ As per the Press Release No. 2021-2022/177 dated May 07, 2021.
^ψ As per the Press Release No. 2021-2022/323 dated June 04, 2021.
Ajit Prasad Director
Press Release: 2021-2022/418

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Reserve Bank of India – Press Releases

June 23, 2021 root Press Releases

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The Reserve Bank of India (RBI) has imposed, by an order dated June 23, 2021, a monetary penalty of ₹ 2 lakh (Rupees Two lakh only) on Janseva Sahakari Bank Limited, Pune (the bank) for contravention of the direction issued by RBI on Know Your Customer (KYC). This penalty has been imposed in exercise of powers vested in 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 direction 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 not introduced system of periodic review of risk categorization of accounts. 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 direction.

After considering the bank’s reply to the Notice and 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: 2021-2022/417

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Reserve Bank of India – Press Releases

June 23, 2021 root Press Releases

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The Reserve Bank of India (RBI) has imposed, by an order dated June 23, 2021, a monetary penalty of ₹4 lakh (Rupees Four lakh only) on Excellent Co-operative Bank Ltd., Mumbai (the bank) for contravention of the directions issued by RBI on ‘Maintenance of Deposit Accounts’ and ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers vested in 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 (i) no system of periodic updation of KYC information of customers in the bank and (ii) not conducted annual review of inoperative accounts. 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 aforesaid directions.

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

(Yogesh Dayal)
Chief General Manager

Press Release: 2021-2022/416

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Reserve Bank of India – Notifications

June 23, 2021 root Notifications

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RBI/2021-22/58
DOR.CRE(DIR).REC.24/23.67.001/2021-22

June 23, 2021

All Scheduled Commercial Banks
(excluding Regional Rural Banks)

Madam / Dear Sir,

Gold (Metal) Loans – Repayment

Please refer to instructions issued vide circulars DBOD.No.IBS.1519/23.67.001/98-99 dated December 31, 1998, DBOD.No.IBS.3161/23.67.001/98-99 dated June 25, 1999, DBOD.No.IBD.BC.33/23.67.001/2005-06 dated September 5, 2005, DBOD.No.IBD.BC.71/23.67.001/2006-07 dated April 3, 2007 and DBOD.No.IBD.BC.104/23.67.001/2013-14 April 2, 2014 on the captioned subject.

2. As per the extant instructions, nominated banks authorized to import gold and designated banks participating in Gold Monetization Scheme, 2015 (GMS) can extend Gold (Metal) Loans (GML) to jewellery exporters or domestic manufacturers of gold jewellery. These loans are repaid in INR, equivalent to the value of gold borrowed, on the relevant date/s.

3. On a review, it has been decided as under:

i) Banks shall provide an option to the borrower to repay a part of the GML in physical gold in lots of one kg or more, provided:

the GML has been extended out of locally sourced / GMS-linked gold;
repayment is made using locally sourced IGDS (India Good Delivery Standard)/ LGDS (LBMA’s Good Delivery Standards) gold;
gold is delivered on behalf of the borrower to the bank directly by the refiner or a central agency, acceptable to the bank, without the borrower’s involvement;
the loan agreement contains details of the option to be exercised by the borrower, acceptable standards and manner of delivery of gold for repayment;
the borrower is apprised upfront, in a transparent manner, of the implications of exercising the option.

ii) Banks shall suitably incorporate the above aspects into the board-approved policy governing GML along with concomitant risk management measures. Banks shall continue to monitor the end-use of funds lent under GML.

4. All other instructions issued on GML shall remain unchanged.

Yours faithfully,

(Manoranjan Mishra)
Chief General Manager

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Reserve Bank of India – Tenders

June 23, 2021 root Tenders

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Reserve Bank of India invites E-Tender for Electrical Renovation of 16 Nos. of Class III Flats in KNSQ, Reserve Bank of India, Kanpur. The tendering would be done through the e-Tendering portal of MSTC Ltd. (http://mstcecommerce.com/eprochome/rbi). All Bank’s empaneled electrical contractors /agencies/firms enlisted for works more than 10 lakhs must register themselves with MSTC Ltd through the above-mentioned website to participate in the tendering process. The Schedule of e-Tender is as follows:

E-Tender No	RBI/Kanpur/Estate/02/21-22/ET/02
a. Estimated cost	Rs.17 Lakh
b. Mode of Tender	e-Procurement System (Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi)
c. Date of NIT available to parties to download	June 23, 2021
d. Pre-Bid meeting	Offline at 11:30 AM on July 14, 2021 Venue: Reserve Bank of India, 2nd Floor Estate Department, Mall Road, Kanpur.
e. i) EMD through DD//NEFT or Banker’s Cheque issued by a Scheduled Bank and intimate/forward the transaction details (UTR number OR scanned copies (in PDF) of DD to estatekanpur@rbi.org.in and upload www.mstcecommerce.com/eprochome/rbi	Rs. 34,000/- by NEFT paid through NEFT/DD/Banker’s Cheque issued by a Scheduled Bank only to in our A/c No. 186003001, IFSC RBIS0KNPA01 (where ‘0’ represents zero) to Reserve Bank of India Kanpur.
ii) Tender Fees	NIL
f. Last date of submission of EMD.	July 26, 2021 till 01:00 PM
g. Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid at RBI Kanpur www.mstcecommerce.com/eprochome/rbi	June 23, 2021
h. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid.	July 26, 2021 till 01:00 PM
i. Date & time of opening of Part-I (i.e. Techno-Commercial Bid) Part-II Price Bid: Date of opening of Part II i.e. price bid shall be informed separately	July 26, 2021 at 03:00 PM
j. Transaction Fee (To be submitted separately by the vendors to MSTC vide MSTC E-Payment Gateway for participating in the E-Tender)	Rs. 1,180/- inclusive of GST @ 18% Payment of Transaction fee through MSTC payment gateway /NEFT/RTGS in favour of MSTC LIMITED

Intending tenderers shall pay as earnest money a sum of Rs. 34,000/- by way of NEFT to Reserve Bank of India, Kanpur or by a Demand Draft or Banker’s Cheque issued by a Scheduled Bank in favour of Reserve Bank of India payable at Kanpur or Bank Guarantee as given in the Annexure-I. Alternatively, the tenderer may also furnish an irrevocable Bank Guarantee from any scheduled bank for an equivalent amount towards EMD in the Proforma enclosed.

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. Tenders without EMD will not be accepted under any circumstances.

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 all the tenders without assigning any reason thereof.

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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Reserve Bank of India – Press Releases

June 23, 2021 root Press Releases

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The Reserve Bank of India (RBI) has imposed, by an order dated June 23, 2021, a monetary penalty of ₹2 lakh (Rupees Two lakh only) on The Ajara Urban Co-operative Bank Ltd., Ajara, Kolhapur (the bank) for contravention of direction issued by the RBI on ‘Maintenance of Deposit Accounts’. 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 direction 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 annual review of inoperative accounts had not been done by the bank. 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 aforesaid direction.

After considering the bank’s reply to the Notice and oral submissions made in the personal hearing, the RBI came to the conclusion that the aforesaid charge was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)
Chief General Manager

Press Release: 2021-2022/415

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Reserve Bank of India – Press Releases

June 23, 2021 root Press Releases

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April 14, 2015

Dear All

Welcome to the refurbished site of the Reserve Bank of India.

The site can be accessed through most browsers and devices; it also meets accessibility standards.

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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Reserve Bank of India – Press Releases

June 23, 2021 root Press Releases

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Auction Results		91 Days	182 Days	364 Days
I.	Notified Amount	₹15000 Crore	₹15000 Crore	₹6000 Crore
II.	Competitive Bids Received
	(i) Number	126	171	121
	(ii) Amount	₹42295.82 Crore	₹47595.82 Crore	₹23026 Crore
III.	Cut-off price / Yield	99.1428	98.1794	96.2701
III.	Cut-off price / Yield	(YTM: 3.4679%)	(YTM: 3.7189%)	(YTM: 3.8851%)
IV.	Competitive Bids Accepted
	(i) Number	56	75	30
	(ii) Amount	₹14985.856 Crore	₹14997.471 Crore	₹5999.800 Crore
V.	Partial Allotment Percentage of Competitive Bids	22.01%	43.03%	30.25%
V.	Partial Allotment Percentage of Competitive Bids	(1 Bid)	(1 Bid)	(1 Bid)
VI.	Weighted Average Price/Yield	99.1459	98.1874	96.2810
VI.	Weighted Average Price/Yield	(WAY: 3.4553%)	(WAY: 3.7023%)	(WAY: 3.8733%)
VII.	Non-Competitive Bids Received
	(i) Number	4	2	1
	(ii) Amount	₹4514.144 Crore	₹2.529 Crore	₹0.200 Crore
VIII.	Non-Competitive Bids Accepted
	(i) Number	4	2	1
	(ii) Amount	₹4514.144 Crore	₹2.529 Crore	₹0.200 Crore
	(iii) Partial Allotment Percentage	100% (0 Bids)	100% (0 Bids)	100% (0 Bids)

Ajit Prasad
Director

Press Release: 2021-2022/413

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