Reserve Bank of India – Notifications

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RBI/2021-22/41
CO.DPSS.POLC.No.S-106/02-14-003/2021-2022

May 21, 2021

The Chairman / Managing Director / Chief Executive Officer
All Scheduled Commercial Banks, including Regional Rural Banks /
Urban Co-operative Banks / State Co-operative Banks /
District Central Co-operative Banks / Payments Banks / Small Finance Banks /
Local Area Banks / Non-Bank PPI Issuers /
Authorised Payment System Operators / Participants

Madam / Dear Sir,

Relaxation in timeline for compliance with various payment system requirements

A reference is invited to Reserve Bank of India instructions – (a) DPSS.CO.PD.No.1164/02.14.006/2017-18 dated October 11, 2017 (as updated from time to time) on Master Direction on Issuance and Operation of Prepaid Payment Instruments (PPI-MD); (b) DPSS.CO.PD.No.629/02.01.014/2019-20 dated September 20, 2019 on Harmonisation of Turn Around Time (TAT) and Customer Compensation for Failed Transactions using Authorised Payment Systems; (c) DPSS.CO.OD.No.1325/06.11.001/2019-20 dated January 10, 2020 on Scope and Coverage of System Audit of Payment Systems; (d) DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 on Guidelines on Regulation of Payment Aggregators (PAs) and Payment Gateways (PGs); and (e) DPSS.CO.PD.No.1897/02.14.003/2019-20 dated June 4, 2020 on Extension of Timeline for Compliance with Various Payment System Requirements.

2. Keeping in view the resurgence of the COVID-19 pandemic and the representations received from various bank and non-bank entities, it has been decided to extend the timeline prescribed for compliance in respect of a few areas detailed in the Annexure.

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


Annexure to
RBI Circular CO.DPSS.POLC.No.S-106/02-14-003/2021-2022 dated May 21, 2021

SN Instruction / Circular Present Timeline Revised Timeline
1. All existing non-bank PPI issuers (at the time of issuance of PPI-MD) to comply with the minimum positive net-worth requirement of Rs.15 crore for the financial position as on March 31, 2020 (audited balance sheet). Financial position as on March 31, 2021 Financial position as on September 30, 2021
2. Harmonisation of TAT and customer compensation for failed transactions using authorised Payment Systems – “Calendar days” to be read as “Working days”. Working days until December 31, 2020 (Calendar days from January 1, 2021) Working days – Prospective – Until September 30, 2021
3. Authorised Payment System Operators (PSOs) are required to furnish System Audit Report conducted by CERT-IN empanelled auditors or a Certified Information Systems Auditor registered with Information Systems Audit and Control Association or by a holder of a Diploma in Information System Audit qualification of the Institute of Chartered Accountants of India, on an annual basis within two months of close of their respective financial year. By May 31, 2021 By September 30, 2021
4. Existing non-bank entities offering PA services shall apply for authorisation on or before June 30, 2021. By June 30, 2021 By September 30, 2021*
* Extension provided vide circular CO.DPSS.POLC.No.S33/02-14-008/2020-2021 dated March 31, 2021 to enable payment system providers and participants to put in place workable solutions to comply with the provisions of Paragraphs 7.4 and 10.4 of the circular dated March 17, 2020 will not be impacted.

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Reserve Bank of India – Tenders

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Reserve Bank Staff College, Chennai invites sealed tenders from the eligible bidders for Comprehensive Annual Contract for providing Pest Control Services at Reserve Bank Staff College, Anna Salai, Teynampet, Chennai.

Tender document duly filled should be submitted not later than the date and time as indicated in the Schedule of Tender. Vendors shall submit tender proposal complete in all respect. The tenderers shall pay Earnest Money Deposit at the rate of 2% of the estimated cost either through NEFT/RTGS. The Technical Bid (Part-I) will be opened on June 10, 2021 at 03:00 p.m. 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.

Tender document can be downloaded from website www.rbi.org.in. Any amendment(s) / corrigendum / clarifications with respect to this tender shall be uploaded on the website. The tenderer should regularly check the above website for any Amendment / Corrigendum / Clarification on the above website and submit bid after verification of the same. The Bank reserves the right to reject any or all the tenders without assigning any reason thereof.

Chief General Manager/ Principal
Reserve Bank Staff College
359 Anna Salai, Teynampet
Chennai – 600 018


Schedule of Tender (SOT)

a) Mode of tender Offline Two-Part Tender.
Sealed tender document, duly filled, shall be dropped in the tender box kept at Ground Floor of the Administration Building, RBSC.
b) Estimated Cost ₹4.20 Lakh (for 12 months)
c) Date from which the tenders would be, available to parties for downloading. 02:00 p.m. of May 21, 2021
d) Pre-Bid Meeting * Offline at 12:00 Noon on May 27, 2021
(Venue: Reserve Bank Staff College, 2nd Floor, Seminar Hall, 359, Anna Salai, Teynampet, Chennai – 600 001) or online using CISCO WEBEX
e) Earnest Money Deposit (EMD) ₹ 8,400/- (2% of the total estimated cost) from each bidder
f) Last Date of submission of EMD 01:00 p.m. of June 10, 2021
g) Start date of submission of Technical Bid and Price Bid 02:00 p.m. of May 28, 2021
h) Last date of submission of Technical Bid and Price Bid 02:00 p.m. of June 10, 2021
i) Date of opening of Part-I (Technical Bid) 03:00 p.m. of June 10, 2021
j) Date of opening of Part-II (Price Bid) Part II (Price Bid) of the tender, of the qualified bidders, shall be opened, on a subsequent date which shall be communicated to the qualified bidders.
k) Contact number/ email for any clarifications 1. Shri Sunil M. R, (Manager, Estate Cell) 044-24302784

2. Saroj Kumar Singh (Manager, P & S Cell) 044-24302799

3. Shri Godwin Justin, (Assistant Manager, Estate Cell), 044-24302729

4. e-mail: principalrbsc@rbi.org.in

* In case online mode is adopted on account of lockdown etc. conditions, the same will be intimated duly before the prescribed date of pre-bid meeting.

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.

The Chief General Manager/ Principal
Reserve Bank Staff College
359, Anna Salai, Teynampet
Chennai – 600 018

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Reserve Bank of India – Press Releases

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The results of the auctions of 5.63% Government Stock 2026 (Re-Issue), GoI FRB 2033 (Re-Issue), 6.64% Government Stock 2035 (Re-Issue) and 6.67% Government Stock 2050 (Re-issue) held on May 21, 2021 are:

Auction Results 5.63% GS 2026 GoI FRB 2033 6.64% GS 2035 6.67% GS 2050
I. Notified Amount ₹ 11000 Crore ₹ 4000 Crore ₹ 10000 Crore ₹ 7000 Crore
II. Underwriting Notified Amount ₹ 11000 Crore ₹ 4000 Crore ₹ 10000 Crore ₹ 7000 Crore
III. Competitive Bids Received        
(i) Number 287 131 343 182
(ii) Amount ₹ 30956 Crore ₹ 26098 Crore ₹ 32039.04 Crore ₹ 16704 Crore
IV. Cut-off price / Yield 100.29 98.98 100.44 97.48
(YTM: 5.5597%) (YTM: 4.8779%) (YTM: 6.591%) (YTM: 6.8698%)
V. Competitive Bids Accepted        
(i) Number 126 19 139 75
(ii) Amount ₹ 13494.614 Crore ₹ 4429.99 Crore ₹ 12481.476 Crore ₹ 7373.008 Crore
VI. Partial Allotment Percentage of Competitive Bids 67.28% 100% 85.67% 99.83%
(21 Bids) (2 Bids) (17 Bids) (13 Bids)
VII. Weighted Average Price/Yield 100.32 99.06 100.48 97.54
(WAY: 5.5527%) (WAY: 4.8692%) (WAY: 6.5866%) (WAY: 6.8649%)
VIII. Non-Competitive Bids Received        
(i) Number 4 2 8 7
(ii) Amount ₹ 5.386 Crore ₹ 0.01 Crore ₹ 18.524 Crore ₹ 6.992 Crore
IX. Non-Competitive Bids Accepted        
(i) Number 4 2 8 7
(ii) Amount ₹ 5.386 Crore ₹ 0.01 Crore ₹ 18.524 Crore ₹ 6.992 Crore
(iii) Partial Allotment Percentage 100% (0 Bids) 100% (0 Bids) 100% (0 Bids) 100% (0 Bids)
X. Amount of Underwriting accepted from primary dealers ₹ 11000 Crore ₹ 4000 Crore ₹ 10000 Crore ₹ 7000 Crore
XI. Devolvement on Primary Dealers 0 0 0 0

Ajit Prasad
Director   

Press Release: 2021-2022/256

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Reserve Bank of India – Press Releases

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Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

Sr. No Treasury Bill Notified Amount
(in ₹ crore)
Auction Date Settlement date
1 91 Days 15,000 May 25, 2021
(Tuesday)
May 27, 2021
(Thursday)
2 182 Days 15,000
3 364 Days 6,000
  Total 36,000    

The sale will be subject to the terms and conditions specified in the General Notification F.No.4(2)-W&M/2018 dated March 27, 2018 along with the Amendment Notification No.F.4(2)-W&M/2018 dated April 05, 2018, issued by Government of India, as amended from time to time. State Governments, eligible Provident Funds in India, designated Foreign Central Banks and any person or institution specified by the Bank in this regard, can participate on non-competitive basis, the allocation for which will be outside the notified amount. Individuals can also participate on non-competitive basis as retail investors. For retail investors, the allocation will be restricted to a maximum of 5 percent of the notified amount.

The auction will be Price based using multiple price method. Bids for the auction should be submitted in electronic format on the Reserve Bank of India’s Core Banking Solution (E-Kuber) system on Tuesday, May 25, 2021, during the below given timings:

Category Timing
Competitive bids 10:30 am – 11:30 am
Non-Competitive bids 10:30 am – 11:00 am

Results will be announced on the day of the auction.

Payment by successful bidders to be made on Thursday, May 27, 2021.

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. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516). For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Ajit Prasad
Director   

Press Release: 2021-2022/255

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Reserve Bank of India – Tenders

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e-Tender – RBI/Lucknow/Estate/496/20-21/ET/768

E-Tenders are invited from manufactures/ their authorised agents/distributors/ suppliers to provide Computer Cartridges/Toner to Reserve Bank of India, Lucknow from July 01, 2021 to March 31, 2022. The tendering would be done through the e-Tendering portal of MSTC Ltd (https://mstcecommerce.com/eprochome/rbi/). All interested manufactures/their authorised agents/distributors/suppliers must register themselves with MSTC Ltd through the above mentioned website to participate in the tendering process. The last date for submission of e-Tender on RBI portal of MSTC website (https://mstcecommerce.com/eprochome/rbi/) is 17:00 hrs, June 24, 2021. Pre-bid meeting for any clarification, is scheduled at our office at 15:00 hrs on May 28, 2021.

2. 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 Lucknow

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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 – Press Releases

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    5.63% GS 2026* GOI FRB 2033** 6.64% GS 2035*** 6.67% GS 2050****
I. Notified Amount ₹11,000 cr ₹4,000 cr ₹10,000 cr ₹7,000 cr
II. Cut off Price / Implicit Yield at cut-off 100.29/5.5597% 98.98/4.8779% 100.44/6.5910% 97.48/6.8698%
III. Amount accepted in the auction ₹13,500 cr ₹4,430 cr ₹12,500 cr ₹7,380 cr
IV. Devolvement on Primary Dealers Nil Nil Nil Nil
* Greenshoe amount of ₹2500 crore has been accepted
** Greenshoe amount of ₹430 crore has been accepted
*** Greenshoe amount of ₹2500 crore has been accepted
**** Greenshoe amount of ₹380 crore has been accepted

Ajit Prasad
Director   

Press Release: 2021-2022/253

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Corrigendum – Request for Proposal (RFP) for Next Generation Firewall Solution, Endpoint Protection (EPP) – EDR and Email security with Sandbox Solution-Supply, Design, Installation, Implementation, Integration, Maintenance and Facilities Management

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E-tender No: RBI/Central Office/DIT/19/20-21/ET/753

A Pre-bid meeting in connection with the above tender, floated for ‘Next Generation Firewall Solution, Endpoint Protection (EPP) – EDR and Email security with Sandbox Solution-Supply, Design, Installation, Implementation, Integration, Maintenance and Facilities Management’ was held on May 18, 2021 in the virtual presence of the prospective tenderers using web conferencing platform. The meeting was held in the presence of Shri. Vishwanath Giriraj, IAS (Retd.) who has been appointed as the Independent External Monitor (IEM) for RBI.

The queries raised by the vendor participants on the captioned tender document (E-tender No: RBI/Central Office/DIT/19/20-21/ET/753) of DIT, RBI CO were addressed. A Corrigendum to the RFP document has been uploaded on MSTC e-tendering portal (https://www.mstcecommerce.com/eprochome/rbi) for information and necessary compliance.

All other terms and conditions of the RFP shall remain unchanged.

Chief General Manager-in-Charge
Department of Information Technology

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Reserve Bank of India – Press Releases

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The 589th meeting of the Central Board of Directors of Reserve Bank of India was held today under the Chairmanship of Shri Shaktikanta Das, Governor, through video conferencing.

The Board in its meeting reviewed the current economic situation, global and domestic challenges and recent policy measures taken by the Reserve Bank to mitigate the adverse impact of the second wave of COVID-19 on the economy. With the change in the Reserve Bank’s accounting year to April-March (earlier July-June), the Board discussed the working of the Reserve Bank of India during the transition period of nine months (July 2020-March 2021) and approved the Annual Report and accounts of the Reserve Bank for the transition period. The Board also approved the transfer of ₹99,122 crore as surplus to the Central Government for the accounting period of nine months ended March 31, 2021 (July 2020-March 2021), while deciding to maintain the Contingency Risk Buffer at 5.50%.

Deputy Governors Shri Mahesh Kumar Jain, Dr. Michael Debabrata Patra, Shri M. Rajeshwar Rao, Shri T. Rabi Sankar and other Directors of the Central Board viz. Shri N. Chandrasekaran, Shri Satish K. Marathe, Shri S. Gurumurthy, Ms. Revathy Iyer and Prof. Sachin Chaturvedi attended the meeting. Shri Debasish Panda Secretary, Department of Financial Services and Shri Ajay Seth, Secretary, Department of Economic Affairs also attended the meeting.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/252

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Reserve Bank of India – Tenders

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Reserve Bank of India invites E-Tender for Design, Supply, Installation, Testing and Commissioning of UVGI System for 10 Nos. Air Handling Units at RBI Main Office Building at Lucknow. The tendering would be done through the e-Tendering portal of MSTC Ltd (http://mstcecommerce.com/eprochome/rbi). All interested companies/agencies/firms 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/Lucknow/Estate/495/20-21/ET/766
Mode Of Tender E-tender (Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi)
Estimated Cost Rs. 09.50 lakh
Date of NIT (Notice Inviting Tender) available to parties for download 12:00 PM of May 21, 2021 onwards
Date by which the pre-bid queries shall be entertained through e-mail by Estate Department, RBI, Lucknow May 31, 2021
(i) EMD through DD/NEFT and intimate/forward the transaction details (UTR number in case of NEFT) to milanmangal@rbi.org.in, edlucknow@rbi.org.in and upload www.mstcecommerce.com/eprochome/rbi

(ii) Tender Fees- (NIL)

Rs. 19,000.00
Last Date of submission of EMD 14:00 PM of June 04, 2021
Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid 14:00 PM of May 21, 2021 onwards
Date of closing of online e-tender for submission of techno-commercial bid & price bid 14:00 PM of June 04, 2021
Date of opening of Part-I (techno-commercial bid) 15:00 PM of June 04, 2021
Date of opening of Part-II (price bid) Shall be informed separately to parties
Transaction fee Rs. 1180/- (i/c GST) 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.19,000/- by way of NEFT to Reserve Bank of India, Lucknow or by a Demand Draft in favour of Reserve Bank of India payable at Lucknow.

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/MSTC Website as given above and will not be published in the newspaper.

Regional Director
Reserve Bank of India
Lucknow

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