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Reserve Bank of India – Press Releases

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The Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under Section 35 A read with Section 56 of the BR Act 1949 (AACS), vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from close of business on November 09, 2018 for a period of six months, which were extended from time to time, last being up to June 09, 2021 vide the Directive DOR.CO.AID/D-38/12.26.004/2020-21 dated December 04, 2020.

The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the aforesaid Directions. Accordingly, vide the Directive DOR.MON/ D-14/12.26.004/2021-22 dated June 08, 2021 in exercise of powers vested in it under sub-section (1) of Section 35 A read with section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India hereby directs that the Directive DCBS.CO. PCC. D-4/12.26.004/2018-19 dated November 02, 2018, issued to The Adoor Co-operative Urban Bank Limited, Adoor, Kerala, the validity of which was last extended up to June 09, 2021 shall continue to apply to the bank for a further period of three months, from June 10, 2021 to September 09, 2021, subject to review. Other terms and conditions of the Directive under reference, as modified from time to time, shall remain unchanged.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/343

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Reserve Bank of India – Tenders

Tenders

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E-Tender Number: – RBI/CAB Pune/774/2021-22/ET/774

Minutes of the Pre Bid Meeting held on June 7, 2021 with respect to the Tender for Facility Management Service (FMS) and Annual Maintenance Contract (AMC) for Computer Hardware, Software and Peripherals at College of Agricultural Banking, Reserve Bank of India, Pune (CAB Pune) uploaded on the MSTC portal on May 31, 2021

The Pre Bid Meeting for the Facility Management Service (FMS) and Annual Maintenance Contract (AMC) for Computer Hardware, Software and Peripherals Tender was held on June 7, 2021 at 11.30 AM via Cisco WebEx. All the vendor representatives were requested to put forth their doubts/ queries which were discussed and clarified as below:

Sr. No. Doubts/ queries raised Clarifications provided
1. Whether estimated cost includes tax or not? Estimated cost mentioned in the tender document is exclusive of applicable taxes.
2. Tender document mentions Performance Bank Guarantee (PBG) to be 10% of the contract value whereas recent guidelines from GOI revised it to 3%. We are guided by our internal guidelines, as per which the provisions of GFR are not applicable to RBI.
3. Ministry of Finance, MSME circular dated July 25, 2016 has relaxed the norms for Startups / MSMEs with regard to prior experience and turnover in public procurement We are guided by our internal guidelines, as per which provisions of section 11 of MSMED Act, 2006 are not applicable to RBI and therefore the notification issued by the Government under section 11 of MSMED Act for extending certain benefits to MSEs is also not applicable to RBI.
4. As per the tender document, the second Resident Engineer should be BSc. (IT) or Diploma Engineers in Computer Science, IT / Electronics / preferably with MCSE and CISCO certification dealing with issues relating to Networking, Windows server -2003, Operating Systems, etc.

Vendors have queried that MCSE and CISCO certification for Resident Engineers fall under the category of skilled manpower wherein the cost of the tender would have to be revised. Since there is no mention of network related equipment, whether it is necessary to have such certification for Resident Engineer.

The network related equipment present in the College is mainly handled by our own Department, i.e. Department of Information Technology. In the tender document, MCSE and CISCO certification for Resident Engineers is mentioned as preferably and not mandatorily.
5. Who should bear cost of material for shifting of IT Assets from one location to another (within RBI Pune office and Quarters), as tender documents specifically mention to provide services at RBI office as well as quarters situated in Pune. This query is clarified in Section VIII – Nature and Scope of Work – B (b) of the Tender.
6. As per tender document, vendors have been asked to follow minimum wages criteria for REs. Therefore, vendors were asking whether to follow guidelines issued by Govt. of Maharashtra or that of Central Govt. in context of Skilled/ Semi-Skilled workers. It is clarified that, as this contract is a service contract, vendors may use their discretion to deploy the REs provided they comply with the statutory regulations in respect of minimum wages.
7. As the initial period for the contract is mentioned as 9 months, will any extension be provided post that? How vendor should quote for the contract period? This query is clarified in the Section IV – B 2 – Price Evaluation and in Section IX – 3 regarding renewal of contract.
8. Whether for work experience/client certificate, TDS certificates required to be submitted, as these documents are to be fetched from other customers. It is clarified that TDS certificates can be download from the Income Tax portal.
9. It was requested to provide details of model number and make of all the IT articles. Further, many items are mentioned under warranty. At some point of the time they will also be moved out from warranty and will fall under AMC. It is clarified that, list of all the IT articles whether under AMC or under Warranty have been provided in the tender document. It is also clarified that there may be changes in number of IT assets as per new purchases/ disposal of old articles. The vendor may prepare their calculations in a manner that the rate quoted covers comprehensive maintenance service.
10. It was requested to provide Model and make of the digital pad. It is informed that digital pads were purchased in the month of January and February 2021 and are of XP Pen make which costs around Rs. 8,500/-.
11. Whether desktop engineer has to have certification/ deep knowledge of each software listed out in the tender document The desktop engineer should be able to resolve the technical issues in consultation with the technical teams at our Central Office and/or software vendor.
12. Penalty: The vendors were of the opinion that the penalty amounts indicated in the tender were very high. We have advised the vendors that penalty amount has been kept on the higher side in order to ensure quality work and prompt service from the vendor.

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Reserve Bank of India – Press Releases

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Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months subject to review, vide Directive dated October 26, 2018. The validity of the directions was last extended vide Directive dated March 09, 2021 for three months up to June 09, 2021, subject to review.

It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A of Banking Regulation Act, 1949 (AACS) read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive dated October 26, 2018, issued to the above bank, the validity of which was last extended up to June 09, 2021, shall continue to apply to the bank for a further period of three months from June 10, 2021 to September 09, 2021, vide Directive dated June 09, 2021, subject to review.

All the other terms and conditions of the Directive under reference shall remain unchanged. A copy of the above Directive dated June 09, 2021 notifying the extension is displayed at the bank’s premises for the perusal of public.

The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/342

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Reserve Bank of India – Press Releases

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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 – Tenders

Tenders

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Reserve Bank of India invites E-Tender for Electrical Renovation of DNBS Area in Main Office Building at 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/511/20-21/ET/796
Estimated cost Rs.11 Lakh
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 09, 2021
d. Pre-Bid meeting Offline at 11:30 AM on June 30, 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. 22,000/- 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 12, 2021 till 11:00 AM
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 09, 2021
h. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid. July 12, 2021 till 11:00 AM
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 12, 2021 at 12:00 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. 22,000/- 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

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Auction Results 91 day 182 day 364 day
I. Notified Amount ₹ 15000 Crore ₹ 15000 Crore ₹ 6000 Crore
II. Competitive Bids Received      
(i) Number 101 160 74
(ii) Amount ₹ 44462.06 Crore ₹ 41324.56 Crore ₹ 20735.07 Crore
III. Cut-off price / Yield 99.1586 98.2174 96.3863
(YTM: 3.4035%) (YTM: 3.6399%) (YTM: 3.7595%)
IV. Competitive Bids Accepted      
(i) Number 37 69 34
(ii) Amount ₹ 14998.45 Crore ₹ 14997.135 Crore ₹ 5998.845 Crore
V. Partial Allotment Percentage of Competitive Bids 27.43% 39.49% 77.59%
(2 Bids) (4 Bids) (2 Bids)
VI. Weighted Average Price/Yield ₹ 99.1603 ₹ 98.2205 ₹ 96.4060
(WAY: 3.3965%) (WAY: 3.6334%) (WAY: 3.7382%)
VII. Non-Competitive Bids Received      
(i) Number 5 3 1
(ii) Amount ₹ 4251.55 Crore ₹ 2.865 Crore ₹ 1.155 Crore
VIII. Non-Competitive Bids Accepted      
(i) Number 5 3 1
(ii) Amount ₹ 4251.55 Crore ₹ 2.865 Crore ₹ 1.155 Crore
(iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids)

Ajit Prasad
Director   

Press Release: 2021-2022/340

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I. T-Bill 91 days 182 days 364 days
II. Total Face Value Notified ₹15,000 Crore ₹15,000 Crore ₹6,000 Crore
III. Cut-off Price and Implicit Yield at Cut-Off Price 99.1586
(YTM: 3.4035%)		 98.2174
(YTM: 3.6399%)		 96.3863
(YTM: 3.7595%)
IV. Total Face Value Accepted ₹15,000 Crore ₹15,000 Crore ₹6,000 Crore

Ajit Prasad
Director   

Press Release: 2021-2022/339

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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) 3,76,824.68 3.21 0.01-3.45
     I. Call Money 7,651.62 3.09 1.90-3.40
     II. Triparty Repo 2,55,144.10 3.18 2.90-3.27
     III. Market Repo 1,11,960.96 3.30 0.01-3.45
     IV. Repo in Corporate Bond 2,068.00 3.42 3.40-3.45
B. Term Segment      
     I. Notice Money** 162.13 3.04 2.50-3.35
     II. Term Money@@ 398.00 – 3.10-3.50
     III. Triparty Repo 650.00 3.24 3.24-3.24
     IV. Market Repo 645.00 3.39 3.20-3.45
     V. Repo in Corporate Bond 25.00 5.35 5.35-5.35
  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 Tue, 08/06/2021 1 Wed, 09/06/2021 3,83,929.00 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 Tue, 08/06/2021 1 Wed, 09/06/2021 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 (-)]*		       -3,83,929.00  
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 2,00,029.00 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 (-)]*     -1,16,035.00  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -4,99,964.00  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 08/06/2021 6,07,249.57  
     (ii) Average daily cash reserve requirement for the fortnight ending 18/06/2021 6,11,914.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 08/06/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 21/05/2021 8,43,197.00  
@ 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: 2021-2022/338

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Reserve Bank of India – Tenders

Tenders

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Reserve Bank of India, Ahmedabad Regional Office invites E-tenders under Two – Bid system (Technical & Financial Bid) for Gardening and Horticulture Services at Bank’s Offices and Residential Properties at Ahmedabad for the period till March 31, 2024.

For more details please visit TENDERS link on our website https://www.rbi.org.in/

The last date for submission of e-tender on MSTC portal (www.mstcecommerce.com) is July 14, 2021 before 12.00 hours.

The Bank reserves the right to reject any or all the tenders without assigning any reason thereof.

Regional Director
Reserve Bank of India
Ahmedabad

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Reserve Bank of India – Tenders

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The captioned meeting was held at 11:00 am on June 08, 2021 in the conference hall of RBI, Panaji RO. The meeting was chaired by Shri Richard Gomes, Asst General Manager (AGM) and the undernoted officers attended the meeting:

Shri Manoj Pillai, Manager (P&S Cell)

Shri Prafull Thakur, Asst Manager (Estate Cell)

Shri Vijay Ajarekar, Sr Asst (Estate Cell)

Representatives from the following vendors attended the meeting:

  1. M/s. Veejay Facility Management Pvt Ltd

  2. M/s. Shubhda Facility Management Services

Shri Richard Gomes, AGM welcomed and briefed the representatives of the vendors.

Clarifications on queries raised by prospective bidders in the meeting are furnished below:

Sr No Query Clarification submitted by Panaji RO
1 What about the increase of service charges in following years? The percentage increase in the contract value will be calculated as per the changes in CPI/WPI every year and service charges will also be changed accordingly.
2 What about the increase in VDA/Other factors imposed by central/state Govt towards min. wages We will follow the order issued by the Office of Chief Labour Commissioner, New Delhi, Ministry of Labour & Employment, Govt of India on time to time in connection with the minimum wages to be paid to the labourers for the captioned contract.
3 Ensuring proper operation of the water pumping systems and lighting system by the Security Staff in the Officers quarters and arranging for water tankers whenever required – Clarity required Water tanker charges will be reimbursed on actual basis after the submission of original bills within 30 days from the date of submission.
4 Making arrangements of sufficient cleaning material required for day to day cleaning without extra cost to the Bank – consumables under whose scope The cleaning material needs to be arranged by the vendor for cleaning of residential premises and same will be paid separately subjected to submission of bill. However, for cleaning of office premises, cleaning material will be provided by the Bank.
5 Whether the Bank has kitchen with all facilities / storage space (including refrigerator) to prepare and keep all raw materials, Fresh vegetables, milk, soft drinks etc.  The Bank has full fledged kitchen at its Residential Quarters with sufficient space including refrigerator/Microwave/Toaster etc to prepare and keep all food items.
6 What about quantity of ingredients in the available place in the VOF to ensure preparation of food items in time. The Contractor shall store sufficient quantity of high quality ingredients in the available place in the VOF to ensure preparation of food items in time. The Contractor at his own risk shall make the procurement and storage.
7 Is the contractor expected to provide efficient and prompt service to all guests. Yes. It is expected from the vendor to provide efficient and prompt services by arranging their manpower efficiently.
8 Will all food items to be supplied be at pre-determined rates Subsidized rates for food items will be finalised in consultation of the contractor after award of the work.
9 Need clarifications regarding supply of welcome kit Welcome Kit (contents as decided by the bank) shall be provided by the vendor and same will be paid separately based on consumption and occupancy at the rate of ₹ 150/Kit (approx.).
10 What is expected from the proposed gardener? Gardener should be experienced and should also be able to operate Organic Waste Converter which is installed at the Banks Residential Quarters
11 Manpower deployed should be physically fit in all respects. Medical fitness will be considered as per fresh medical fitness certificate from Registered Medical practitioner with qualification not less than MBBS as produced for verification by the Contractor to be submitted annually. Contractor should bear expenses towards Medical Fitness tests / certificate. The Bank’s medical consultant will also be assessing the fitness as and when required.
12 Will cleaning material be provided by the Bank for cleaning office premises? Yes.
13 Whether the Solvency Certificate should be submitted for any specific amount? Yes. All interested bidders should submit the solvency certificate from their banker of amount not less than 3 lakhs
14 Whether the tenderer shall compulsorily submit licenses under Food Safety and Standard Act, 2006? All interested bidders may apply for e-Tender without requiring the licenses obtained under Food Safety and Standard Act 2006. However, the successful bidder to whom the contract will be awarded shall obtain necessary licenses and permits (as may be applicable), including licenses under Food Safety and Standard Act, 2006 within 3 months from the date of award of contract.
15 Is it compulsory for the bidder/s to have own Office/ branch in Goa? Yes. Since, location of work is in Goa, it will be convenient for the Bank to correspond with contractor for resolving any issues which may occur during the period of contract.

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