Category: RBI News

Reserve Bank of India – Press Releases

Press Releases

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The following State Governments have offered to sell securities by way of auction, for an aggregate amount of ₹13,100 Cr. (Face Value).

Sr. No. State Amount to be raised (₹ Cr) Additional Borrowing (Greenshoe) Option (₹ Cr) Tenure (Yrs) Type of Auction
1. Goa 100 – 10 Yield
2. Gujarat 1000 – 10 Yield
3. Haryana 1000 – 15 Yield
4. Kerala 1000 – 10 Yield
5. Maharashtra 1000 500 10 Yield
1000 – 11 Yield
6. Punjab 1500 – Re-issue of 6.81% Punjab SDL 2031 issued on June 09, 2021 Price
7. Rajasthan 750 – 5 Yield
750 – 10 Yield
8. Tamil Nadu 1000 – 4 Yield
1000 – Re-issue of 6.96% Tamil Nadu SDL 2056 issued on May 19, 2021 Price
9. Telangana 3000 – 30 Yield
  Total 13100      

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on June 15, 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 June 15, 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 June 15, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on June 16, 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 December 16 and June 16 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: 2021-2022/348

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Reserve Bank of India – Press Releases

Press Releases

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As announced in the Governor’s statement of June 04, 2021, the Reserve Bank will conduct the third tranche of open market purchase of government securities of ₹40,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on June 17, 2021. Of this, state development loans (SDLs) would be purchased up to ₹10,000 crore.

2. Accordingly, the Reserve Bank will purchase government securities and state development loans (SDLs) through a multi-security auction using the multiple price method. The details of the securities are given in Annex.

3. The Reserve Bank reserves the right to:

  • decide on the quantum of purchase of individual securities.

  • accept bids for less than the aggregate amount.

  • purchase marginally higher/lower than the aggregate amount due to rounding-off.

  • accept or reject any or all the bids either wholly or partially without assigning any reasons.

4. Eligible participants should submit their bids in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system between 10:00 am and 11:00 am on June 17, 2021. Only in the event of system failure, physical bids would be accepted. Such physical bid should be submitted to Financial Markets Operations Department (email; Phone no: 022-22630982) in the prescribed form obtainable from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before 11:00 am.

5. The result of the auctions will be announced on the same day and successful participants should ensure availability of securities in their SGL account by 12 noon on June 18, 2021.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/347

Annex

1. Purchase of Government securities

The Reserve Bank will purchase the following government securities. There is no security-wise notified amount.

Sr. No ISIN Security Date of Maturity
1 IN0020160035 6.97% GS 2026 06-Sep-2026
2 IN0020170026 6.79% GS 2027 15-May-2027
3 IN0020170174 7.17% GS 2028 08-Jan-2028
4 IN0020150069 7.59% GS 2029 20-Mar-2029
5 IN0020200294 5.85% GS 2030 01-Dec-2030
6 IN0020210020 6.64% GS 2035 16-Jun-2035

2. Purchase of State Development Loans

The Reserve Bank will purchase the following state development loans (SDLs). Aggregate amount of purchase would be up to ₹10,000 crore. There is no security-wise notified amount. Any shortfall in purchase of state development loans would be utilized towards purchase of government securities.

Sr. No. State ISIN Security Date of Maturity
1 ANDHRA PRADESH IN1020160082 7.42% ANDHRA SDL 2031 14-Sep-2031
2 BIHAR IN1320190193 7.17% BIHAR SDL 2030 29-Jan-2030
3 GUJARAT IN1520150112 8.26% GUJARAT SDL 2031 13-Jan-2031
4 GUJARAT IN1520190183 7.17% GUJARAT SDL 2030 08-Jan-2030
5 HARYANA IN1620200122 6.59% HARYANA SDL 2030 11-Nov-2030
6 KARNATAKA IN1920190148 7.16% KARNATAKA SDL 2030 08-Jan-2030
7 KARNATAKA IN1920180156 8.22% KARNATAKA SDL 2031 30-Jan-2031
8 MADHYA PRADESH IN2120200240 7.03% MADHYAPRADESH SDL 2031 17-Feb-2031
9 MAHARASHTRA IN2220190010 8.15% MAHARASHTRA SDL 2030 16-Apr-2030
10 MAHARASHTRA IN2220200033 6.54% MAHARASHTRA SDL 2030 27-May-2030
11 PUNJAB IN2820180148 8.45% PUNJAB SDL 2031 06-Mar-2031
12 PUNJAB IN2820180098 8.56% PUNJAB SDL 2030 29-Aug-2030
13 RAJASTHAN IN2920200796 7.15% RAJASTHAN SDL 2031 17-Mar-2031
14 RAJASTHAN IN2920200689 7.05% RAJASTHAN SDL 2031 17-Feb-2031
15 TAMILNADU IN3120200222 6.33% TAMILNADU SDL 2030 22-Jul-2030
16 TAMILNADU IN3120200339 6.53% TAMILNADU SDL 2031 06-Jan-2031
17 UTTAR PRADESH IN3320200329 7.17% UTTARPRADESH SDL 2031 10-Mar-2031
18 UTTAR PRADESH IN3320200337 7.16% UTTARPRADESH SDL 2031 17-Mar-2031
19 WEST BENGAL IN3420190198 7.10% WESTBENGAL SDL 2030 12-Feb-2030
20 WEST BENGAL IN3420190172 7.23% WESTBENGAL SDL 2030 15-Jan-2030

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Reserve Bank of India – Notifications

Notifications

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RBI/2021-22/52
DPSS.CO.OD.No.S-182/06.07.011/2021-22

June 10, 2021

The Chairman and Managing Director / Chief Executive Officer
All Scheduled Commercial Banks including RRBs /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Authorised ATM Network Operators /
Card Payment Network Operators / White Label ATM Operators

Madam / Dear Sir,

Usage of Automated Teller Machines / Cash Recycler Machines
– Review of Interchange Fee and Customer Charges

The Reserve Bank of India had constituted a Committee in June 2019 under the Chairmanship of the Chief Executive, Indian Banks’ Association to review the entire gamut of Automated Teller Machine (ATM) charges and fees with particular focus on interchange structure for ATM transactions.

2. The recommendations of the Committee have been comprehensively examined. It is also observed that the last change in interchange fee structure for ATM transactions was in August 2012, while the charges payable by customers were last revised in August 2014. A substantial time has thus elapsed since these fees were last changed. Accordingly, given the increasing cost of ATM deployment and expenses towards ATM maintenance incurred by banks / white label ATM operators, as also considering the need to balance expectations of stakeholder entities and customer convenience, it has been decided as under :

  1. Allow increase in interchange fee per transaction from ₹15 to ₹17 for financial transactions and from ₹5 to ₹6 for non-financial transactions in all centres. This shall be effective from August 1, 2021.

  2. Customers are eligible for five free transactions (inclusive of financial and non-financial transactions) every month from their own bank ATMs. They are also eligible for free transactions (inclusive of financial and non-financial transactions) from other bank ATMs viz. three transactions in metro centres and five transactions in non-metro centres. Beyond the free transactions, the ceiling / cap on customer charges is ₹20 per transaction, as prescribed vide circular DPSS.CO.PD.No.316/02.10.002/2014-2015 dated August 14, 2014. To compensate the banks for the higher interchange fee and given the general escalation in costs, they are allowed to increase the customer charges to ₹21 per transaction. This increase shall be effective from January 1, 2022.

  3. Applicable taxes, if any, shall be additionally payable.

  4. These instructions shall also apply, mutatis mutandis, to transactions done at Cash Recycler Machines (other than for cash deposit transactions).

3. This directive is issued under Section 10(2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007).

Yours faithfully,

(P Vasudevan)
Chief General Manager

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Reserve Bank of India – Press Releases

Press Releases

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The Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on June 11 2021.

As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:

(₹ crore)
Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction
4.26% GS 2023 3,000 72 72
5.85% GS 2030 14,000 334 334
6.76% GS 2061 9,000 215 215

The underwriting auction will be conducted through multiple price-based method on June 11, 2021 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 09:00 A.M. and 09:30 A.M. on the date of underwriting auction.

The underwriting commission will be credited to the current account of the respective PDs with RBI on the date of issue of securities.

Ajit Prasad
Director   

Press Release: 2021-2022/346

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Reserve Bank of India – Tenders

Tenders

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Estate Office, Mumbai Regional Office, Reserve Bank of India has invited open e-tender for “Design, Supply, Installation, Testing & Commissioning of UVGI Assembly In Air Handling Units (AHU’s) for Bank’s Mumbai Regional Office at Mumbai” through MSTC portal (www.mstcecommerce.com/eprochome/rbi) and Bank’s website.

2. the schedule of tender activities for the captioned work for the eligible bidders has been revised as under:

a. Name of the work : Design, Supply, Installation, Testing & Commissioning of UVGI Assembly in Air Handling Units (AHU’s) for Bank’s Mumbai Regional Office at Mumbai
b. E-tender Number : RBI/Mumbai/Estate/421/20-21/ET/658
c. Estimated Cost of the work : ₹ 24 Lakhs (Rupees Twenty-Four lakhs only)
f. Last Date of submission of EMD : June 15, 2021 till 11.00 AM
g. Close Bid Date and Time : June 15, 2021 till 11.00 AM
h. TOE start time (Opening of Part I – Technical Bid) : June 15, 2021 at 11.00 AM

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Reserve Bank of India – Press Releases

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) 373,719.66 3.22 0.01-3.40
     I. Call Money 7,356.99 3.12 1.90-3.40
     II. Triparty Repo 262,786.15 3.21 2.91-3.40
     III. Market Repo 102,962.52 3.24 0.01-3.40
     IV. Repo in Corporate Bond 614.00 3.40 3.40-3.40
B. Term Segment      
     I. Notice Money** 420.55 3.21 2.75-3.35
     II. Term Money@@ 383.00 – 3.15-3.60
     III. Triparty Repo 0.00 – –
     IV. Market Repo 0.00 – –
     V. Repo in Corporate Bond 37.50 5.75 5.75-5.75
  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, 09/06/2021 1 Thu, 10/06/2021 378,913.00 3.35
     (iii) Special Reverse Repo~          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Wed, 09/06/2021 1 Thu, 10/06/2021 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 (-)]*		       -378,913.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
     (iii) Special Reverse Repo~ Fri, 04/06/2021 14 Fri, 18/06/2021 150.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 04/06/2021 14 Fri, 18/06/2021 200,029.00 3.46
  (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
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
D. Standing Liquidity Facility (SLF) Availed from RBI$       1,662.00  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -116,035.00  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -494,948.00  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 09/06/2021 605,204.60  
     (ii) Average daily cash reserve requirement for the fortnight ending 18/06/2021 611,914.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 09/06/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 21/05/2021 843,197.00  
@ 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.
Ajit Prasad
Director   
Press Release: 2021-2022/345

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Reserve Bank of India – Tenders

Tenders

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1. Reserve Bank of India, Protocol & Security Establishment, Mumbai Regional Office, Mumbai (RBI) invites E-tenders from eligible vendors/Suppliers/OEM “Tender for Supply of Bio-Compostable Bin liners of size (19”x21” & 30”x37”) to the RBI’s various Offices and Residential colonies in Mumbai.” The period of contract will be up to March 31, 2022 from the date of award of work (issue of the work order) as per laid down contractual obligations (The Tender along with the prices shall remain valid initially for a period of 3 months from the date of opening of technical bid). The work is estimated to cost Rs. 42,00,000/- (Rupees Forty-Two lakhs only) all taxes inclusive (excluding GST).

2. All Pre-Qualification papers shall be uploaded on MSTC site and same will be downloaded at the time of opening part-I of tender for examination by the Bank.

3. The Earnest Money Deposit (EMD) of Rs. 84,000/- (Rupees Eighty-Four Thousand only) may be remitted through NEFT or furnish the Bank Guarantee in respect of the said amount. The Bank Guarantee (from Scheduled Commercial Bank) submitted towards Earnest Money deposit has to be valid for the validity period of the tender plus additional 90 days. Documentary evidence in support of remittance shall be submitted in sealed cover addressed to The Regional Director, Reserve Bank of India, Protocol and Security Establishment, Mumbai-400 001 so as to reach Protocol and Security Establishment (P&SE) Office up to 2:00 PM on 09-07-2021 super scribing as “EMD for “Supply of Bio-Compostable Bin liners of size (19”x21” & 30”x37”) to the RBI’s various Offices and Residential colonies in Mumbai.”

4. Online tenders will be available for viewing /download from 11.00 AM on 10-06-2021 from the website www.mstcecommerce.com.

5. A pre-bid meeting (off-line mode) of the intending Tenderers will be held on 15-06-2021 at 11.00 AM.

6. Place of Pre-Bid meeting:

Protocol & Security Establishment, Reserve Bank of India, Mumbai Regional Office, First Floor, Main Building, SBS Road, Fort, Mumbai- 400001.

7. Place, Time and date before which written queries for Pre-bid meeting must be received:

Protocol & Security Establishment, Reserve Bank of India, Mumbai Regional Office, First Floor, Main Building, SBS Road, Fort, Mumbai- 400001 by 12:00 PM on or before 14-06-2021.

8. The duly filled in tender documents shall be uploaded on MSTC site. (Date of Starting of online submission of e-tender from 18-06-2021 at 10:00 AM and Date of closing of online submission of e-tender is 09-07-2021 up to 5:00 PM)

9. Part I of the tenders will be opened on-line at 2.00 PM on 12-07-2021 in the presence of the authorised representative of the Tenderers who choose to be present. Part-II (Price bid) of the eligible Tenderers shall be opened on a subsequent date which will be intimated to the Tenderers in advance.

10. RBI 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 any or all the tenders without assigning any reason there for.

Regional Director

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Reserve Bank of India – Tenders

Tenders

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Minutes of Pre-bid meeting

Reserve Bank of India, Ahmedabad has placed e-tender for Design, Supply, Installation, Testing and Commissioning (DSITC) of Intelligent Addressable Analogue Fire Alarm System for Bank’s office premises at Riverfront House in Ahmedabad through E-tender No: RBI/Ahmedabad/Ahmedabad/28/20-21/ET/777 on the RBI Website / MSTC portal on May 31, 2021 and the last date for submission of the e-tender is scheduled on June 15, 2021 up to 15.00 hrs.

2. In this context, it is notified that:

a. Point no. 2 of list of approved makes on page no. 88 of the tender stands revised as “Siemens, Tyco DSC, Bosch, Edwards GE, Honeywell Notifier or equivalent EN54/UL listed make meeting tender specifications.”

b. General specifications for “Fire Alarm System Devices” on page no. 83 of the tender is revised with one additional point viz. no.10 as

“Soft addressing will be acceptable only if bidder agrees to following:

i) The software with key/ dongle, if any, will be handed over to RBI at no extra cost, failing which the system offered shall not be acceptable and

ii) If required by RBI, for any reason in future, new updated software with key/Dongle shall be provided at no additional cost for the entire life (10 years) of the system.”

3. All other conditions of the tender stand unaltered.

4. This corrigendum shall form part of the tender and a duly signed & stamped copy of the same has to be submitted with the tender.

Regional Director
for Gujarat, Daman & Diu and Dadra & Nagar Haveli

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Reserve Bank of India – Tenders

Tenders

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Corrigendum

In connection with Tender No. RBI/Ahmedabad/Ahmedabad/28/20-21/ET/777, which was floated on MSTC website on May 27, 2021 for the captioned work, a Pre-bid meeting was conducted at 12.00 AM on June 07, 2021 at 4th floor, meeting room, RBI, Main Office Building, Ahmedabad. The following firms participated in the meeting: –

Sr. No. Vendors Name of Representatives
1 Engimex Engineering & Trading Co. Mr. Yatin Gandhi
2 Linc Digital Mr. Hardik Panchal
3 Linc Digital Mr. Praful Pansuriya

2. Participants from Reserve Bank of India, Ahmedabad: –

Sr. No. Name of RBI Officials Designation
1 Ms. Supriya Pai DGM
2 Mr. Mahipal Assistant Manager (Electrical)
3 Mr. Nishant Pandey Junior Engineer (Electrical)
4 Ms. Ritu Gajjar Assistant

3. Following queries/doubts were raised and clarified in the meeting: –

Sr. No. Queries raised by the Participants RBI’s Clarification
1. Whether any other makes can be considered in the list of approved makes which are matching the tender specifications? The participants were advised to stick to the given list of approved makes as of now. However, if makes other than those specified in tender are considered, corrigendum regarding the same will be issued by the Bank and will be published on the Bank’s web site.
2. Should Banker’s Certificate be compulsorily on the Bank’s letter head? The participants were advised to refer to Annex-C of the tender document.
3. Whether the Labour License is required if number of labours are less than ten? The participants were advised to refer to point number 3.31 under Section III of the tender document.
4. Whether Micro & Small Enterprises (MSEs) are required to do payment of Earnest Money Deposit? As per point 7 of the Schedule of the Tender MSEs participating in tendering process having Udyam Registration Number are exempt from payment of Earnest Money Deposit.

4. The participating bidders were advised to submit their bids on MSTC website well before the last date of submission of tender.

5. This document (minutes of the Pre-Bid Meeting) shall form a part of the tender and a duly signed & stamped copy of the same must be uploaded by the bidder along with Part-I of the tender. Any bid received without a duly signed and stamped copy of this document is liable to be rejected.

Regional Director
for Gujarat, Daman & Diu and Dadra & Nagar Haveli

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