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Reserve Bank of India – Tenders

March 23, 2021 root Tenders

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Annual Maintenance Contract for day to day operation and maintenance of Central AC Plant and its accessories at Bank’s Main Office Building, 15, N.S. Road, Kolkata and package AC, Tower AC, Split AC at Zonal Training Center (ZTC), 8 Council House Street.

1. e-Tenders in two parts (part-I and II) are invited for “Annual Maintenance Contract for day to day operation and maintenance of Central AC Plant and its accessories at Bank’s Main Office Building, 15, N.S. Road, Kolkata and package AC, Tower AC, Split AC at Zonal Training Center (ZTC), 8 Council House Street. The work is estimated to cost Rs.18,75,000/- and the Contract will be started from 10th day after the date of written order to commence work. It may be noted that validity of tender is three years (to be renewed every year based on satisfactory performance).

2. The e-tender forms will be issued only to the empaneled vendors enlisted under section-C, Trade-01, Category – III of List of empaneled vendors for the period 2021-24.

3. e-Tender documents will be available at MSTC website i.e., www.mstcecommerce.com on March 23, 2021 at 12:00 Hrs. This e-Tender needs to be mandatorily filled up / online submission through MSTC website i.e., www.mstcecommerce.com. Deadline for filing up and submitting the e-Tender is up to 15:00 Hrs. on April 13, 2021. Part I of the e-Tender will be opened on April 13, 2021 at 15:30 Hrs. Detailed guideline on the process to submit e-Tender by the vendors have been mentioned in Annexure 1 following the Schedule of Tender (SOT). After scrutiny of part I of the e-Tender document along with supporting documents, if any of the contractors is not found to possess the required eligibility, their e-Tenders will not be accepted by the Bank for further processing.

4. Filled and signed Tender documents (i.e., Part-I only) in prescribed form shall be uploaded on MSTC website. Part-I of the e-Tender will contain the Bank’s standard technical and commercial conditions for the proposed work and Tenderers’ covering letter. However, an earnest money deposit (EMD) of ₹.37500/- shall be paid through NEFT, details of NEFT: Beneficiary name: Reserve Bank of India, Kolkata; IFSC: RBIS0KLPA01 (Numeric Zero at 5th and 10th place from left); A/c no. 186003001. Proof of remittance with transaction number (scanned copy) shall be attached / uploaded. The bidders are also advised to send the proof of remittance with transaction number (scanned copy) to estatekolkata@rbi.org.in before 15:00 Hrs. on April 13, 2021 or EMD shall be deposited in the form of an irrevocable Bank Guarantee issued by a scheduled Bank in the Bank’s standard proforma which is available in the e-Tender form, needs to be submitted in person to Estate Dept. Reserve Bank of India, 3rd Floor, 15 N.S. Road, Kolkata – 700 001 before 15:00 Hrs. April 13, 2021. Part-II (Price bid) shall be opened of the eligible tenderer on a subsequent date which will be intimated to the tenderers by a system generated mail / message.

5. The applicants / Tenderers have to be upload all annexure / documents mentioned in the tender through above cited website.

6. The Bank shall obtain reports on past performance of the tenderer from his clients and bankers. The Bank shall evaluate the said reports before opening of the Part – II of the tenders. If any tenderer is not found to possess the required eligibility for participating in the tendering process at any point of time and/or his performance reports received from his clients and/or his bankers are found unsatisfactory, the Bank reserves the right to reject his offer even after opening of Part – I of the tender and his EMD shall be returned back to him as it is. The Bank is not bound to assign any reason for doing so.

7. The Bank is not bound to accept the lowest e-tender and reserves the right to accept either in full or in part any e-Tender. The Bank also reserves the right to reject all the e-Tenders without assigning any reason therefore.

Regional Director,
West Bengal

Place: Kolkata.
Date: March 23, 2021

SCHEDULE OF TENDER (SOT)

1. e-Tender No.	RBI/Kolkata/Estate/438/19-20/ET/679
2. Name of the Work:	Annual Maintenance Contract for day to day operation and maintenance of Central AC Plant and its accessories at Bank’s Main Office Building, 15, N.S. Road, Kolkata and package AC, Tower AC, Split AC at Zonal Training Center (ZTC), 8 Council House Street
3. Mode of Tender:	e-Procurement System, Online (Part I – Techno-Commercial Bid and Part II – Financial Bid) through the website https://www.mstcecommerce.com/eprochome/rbi
4. Date & time from which NIT (along with complete tender documents) will available to the parties to download at website https://www.mstcecommerce.com/eprochome/rbi	On March 23, 2021 from 16:00 hrs.
5. Date and venue of the Pre-Bid Meeting (offline)	On April 07, 2021 at 11 AM. Venue: – Estate Dept. Reserve Bank of India, 3rd Floor, 15 N.S. Road, Kolkata – 700 001.
6. Estimated cost of the work:	Rs. 18,75,000/- (Rupees Eighteen Lakhs Seventy-Five Thousand)
7. Earnest Money Deposit (EMD)	EMD of Rs. shall be paid through NEFT, details of NEFT: Beneficiary name: Reserve Bank of India, Kolkata; IFSC: RBIS0KLPA01 (Numeric Zero at 5th and 10th place from left); A/c no. 186003001. Proof of remittance with transaction number (scanned copy) shall be attached / uploaded. The bidders are also advised to send the proof of remittance with transaction number (scanned copy) to estatekolkata@rbi.org.in before 15:00 Hrs. on April 13, 2021. Please mention your company name in NEFT transaction remarks. or EMD shall be deposited in the form of an irrevocable Bank Guarantee issued by a scheduled Bank in the Bank’s standard proforma which is available in the e-Tender form, needs to be submitted in person to Estate Dept. Reserve Bank of India, 3rd Floor, 15 N.S. Road, Kolkata – 700 001 before 15:00 Hrs. on April 13, 2021.
8. Last date of submission of NEFT transaction details / Bank Guarantee for EMD	Before 15:00 hrs, on April 13, 2021.
9. Performance Bank Guarantee (PBG)	10% of Contract amount.
10. Validity of quoted rate	Three years (to be renewed every year based on satisfactory performance)
11. Bidding start date of Techno-commercial Bid and Financial Bid at https://www.mstcecommerce.com/eprochome/rbi	On April 08, 2021 from 12:00 hrs.
12. Date of closing of online e-Tender for submission of Techno-commercial Bid and Financial Bid	On April 13, 2021 up to 15:00 hrs.
13. Date & Time of opening of Part-I (i.e. Techno-Commercial Bid)	On April 13, 2021 at 15:30 hrs.
14. Date & Time of opening of Part- II (i.e. Financial Bid)	Will be intimated through system generated mail / message.
15. Transaction fees	Charges for participation in e-procurement will be made to M/s MSTC Ltd. through MSTC Gateway/NEFT/RTGS in favour of MSTC Limited or as advised by M/s MSTC Ltd.
16. Tender fees for download from portal	Nil.

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Amendment to Master Direction (MD) on KYC – Procedure for Implementation of Section 51A of the Unlawful Activities (Prevention) Act, 1967

March 23, 2021 root Notifications

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RBI/2020-21/110
DOR.AML.REC.48/14.01.001/2020-21

March 23, 2021

The Chairpersons/ CEOs of all the Regulated Entities

Dear Sir/Madam,

Amendment to Master Direction (MD) on KYC – Procedure for Implementation of Section
51A of the Unlawful Activities (Prevention) Act, 1967

Please refer to Chapter IX (‘Requirements/obligations under International Agreements Communications from International Agencies’) of the Master Direction on KYC dated February 25, 2016. In terms of instructions contained therein, Regulated Entities (REs) have been instructed, inter alia, that the procedure laid down in the Unlawful Activities (Prevention) Act, 1967, (UAPA) Order dated March 14, 2019, as provided in the Annex-II to the Master Direction, shall be strictly followed and meticulous compliance with the order issued by the Government shall be ensured.

2. In this regard, Ministry of Home Affairs (MHA) has issued a revised order dated February 2, 2021, in supersession of the earlier order dated March 14, 2019.

3. In line with the revised order dated February 2, 2021, issued by the MHA, Sections 52 and 54 of the Master Direction on KYC dated February 25, 2016, are hereby amended.

4. Further, Section 54 has been amended to include the following:

“The list of Nodal Officers for UAPA is available on the website of Ministry of Home Affairs.”

5. These changes in the Master Direction shall come into force with immediate effect.

Yours faithfully,

(Thomas Mathew)
Chief General Manager

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Reserve Bank of India – Press Releases

March 23, 2021 root Press Releases

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The Reserve Bank of India (RBI) has, by an order dated March 23, 2021, imposed a monetary penalty of ₹15 lakh (Rupees Fifteen lakh only) on Sonata Finance Private Limited, Lucknow, Uttar Pradesh (the company), for non-compliance with certain provisions of the directions issued by RBI on ‘Pricing of Credit’ contained in Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016. This penalty has been imposed in exercise of powers vested in RBI under the provisions of clause (b) of sub-section (1) of section 58 G read with clause (aa) of sub-section (5) of section 58B of the Reserve Bank of India Act, 1934, taking into account the failure of the company 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 company with its customers.

Background

The statutory inspections of Sonata Finance Private Limited with reference to its financial positions as on March 31, 2018 and March 31, 2019, revealed, inter alia, non-compliance with above mentioned directions issued by RBI. In furtherance to the same, a notice was issued to the company advising it to show cause as to why penalty should not be imposed for failure to comply with the directions issued by RBI. After considering the company’s reply to the notice, oral submissions made during the personal hearing and examination of additional submissions made by it, RBI came to the conclusion that the charge of non-compliance with aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)
Chief General Manager

Press Release: 2020-2021/1288

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Large Exposures Framework – Deferment of applicability of limits on non-centrally cleared derivatives exposures

March 23, 2021 root Notifications

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RBI/2020-21/109
DOR.No.CRE.BC.47/21.01.003/2020-21

March 23, 2021

All Scheduled Commercial Banks
(Excluding Small Finance Banks, Payments Banks
Local Area Banks and Regional Rural Banks)

Dear Sir/Madam,

Large Exposures Framework – Deferment of applicability of limits on non-centrally cleared derivatives exposures

Please refer to circular No.DOR.No.BP.BC.43/21.01.003/2019-20 dated March 23, 2020 on Large Exposures Framework (LEF).

2. On a review it has been decided that non-centrally cleared derivatives exposures will continue to be outside the purview of exposure limits till September 30, 2021.

Yours faithfully,

(Manoranjan Mishra)
Chief General Manager

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Reserve Bank of India – Press Releases

March 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 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

March 23, 2021 root Press Releases

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The Reserve Bank of India (RBl) has imposed, by an order dated March 23, 2021, a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on Nagpur Mahanagarpalika Karmachari Sahakari Bank Ltd., Nagpur (the bank) for contravention of/ non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions – UCBs”. 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 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, inter alia, contravention of/ non-compliance with the directions issued by Reserve Bank of India (RBI) on “Exposure Norms and Statutory/Other Restrictions -UCBs”. 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 replies, RBI came to the conclusion that the aforesaid charge of non-compliance with RBI directions was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)
Chief General Manager

Press Release: 2020-2021/1286

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Reserve Bank of India – Press Releases

March 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 – Tenders

March 23, 2021 root Tenders

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(RBI/Mumbai/Others/24/20-21/ET/649)

An open tender for the captioned work was floated on March 15, 2021. As per the tender time lines and Schedule of Tender, the Pre-bid meeting was held on March 18, 2021 at 2.30 PM in Old Conference Room of Mumbai Regional Office, Fort, Mumbai.

In this connection, written queries for pre-bid meeting were not received from any vendor on e-mail /hand delivery up to the scheduled date and time given in the tender document.

Further, on March 18, 2021, two bidders participated in the pre-bid meeting i.e. M/s. Universal K N Ltd & M/s. Force One Dog Security Services and had raised the queries w.r.t. to the tender document.

The following participated the Pre-bid meeting:

Sr No.	Name (Mr./Ms.)
	Reserve Bank of India
1.	Capt.P.C.Joshi (Retd.) CPP, DGM, P&SE
2.	Flt.Lt. Vijay Prakash, AGM, P&SE
3.	Shri. Sheetal Dhongade, Assistant Manager, P&SE
4.	Smt Ujjwala Mundhe, Assistant Manager, P&SE
5.	Shri. Sumit Andure, Assistant, P&SE
	Vendors
1	M/s. Universal K N Ltd.
2	M/s. Force One Dog Security Services.

The issues raised by the vendors regarding the Technical and Commercial Specifications and other Terms and Conditions, Schedule of quantity, Price bid and related with MSTC queries were clarified/noted. The clarifications to the points raised by the vendors are furnished in the Annex. – A.

Annexure – A

Minutes of Pre-bid meeting held on March 18, 2021- Clarification of queries

Sr. No.	Clause/Page No/ Particulars	Query Raised by the Vendor	Clarification of queries
a	Section II, (1.18) on Page no. 18	M/s Universal K N Ltd raised a query whether EMD is exempted for MSME vendors.	Clarification was given that the Tender Application must be submitted along with Earnest Money Deposit (EMD). (It has been elaborated in Section II, 1.18, page no 18)
b	Part II on Page no 65	M/s Universal K N Ltd raised a query about quantity of Dogs and handler mentioned in tender document i.e the required quantity of Dog Handlers is 10 Nos but in the Price bid quantity has been mentioned 11 Nos.	The total quantity of Dogs and Handlers (Semi Skilled) is 10 Nos. And the rate shall be quoted for Per month to total number of 10 -Handlers (in Item No-1) and 10 – Sniffer Dog (in Item No-2). The period of contract will be up to March 30, 2022 from May 01, 2021 (i.e. 11 months). (Elaborated in Part II on page no.65).
c	Section VII, on Page no. 49	M/s Universal K N Ltd asked about details of Office Premises where work is to be carried out	The Successful bidder shall Deployment of sniffer dogs with handler is as under: Main Office Building – 2 Nos. Amar Building – 2 Nos. Byculla Office Building – 2 Nos. BKC Office Building – 2 Nos. Central Office Building – 2 Nos. Total number of sniffer dogs with handler is 10 Nos (It has been elaborated in Section VII on Page no 49)

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Reserve Bank of India – Press Releases

March 23, 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)	4,03,125.05	3.28	0.01-5.30
I. Call Money	16,161.76	3.27	1.90-3.50
II. Triparty Repo	2,91,767.30	3.29	3.01-3.32
III. Market Repo	91,205.99	3.27	0.01-3.45
IV. Repo in Corporate Bond	3,990.00	3.49	3.45-5.30
B. Term Segment
I. Notice Money**	357.40	3.14	2.50-3.40
II. Term Money^@@	318.00	–	3.25-3.85
III. Triparty Repo	156.00	3.30	3.30-3.30
IV. Market Repo	62.30	3.00	3.00-3.00
V. Repo in Corporate Bond	1,440.00	3.74	3.70-5.35

	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	Mon, 22/03/2021	1	Tue, 23/03/2021	3,36,724.00	3.35
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo	–	–	–	–	–
3. MSF	Mon, 22/03/2021	1	Tue, 23/03/2021	2,530.00	4.25
4. Long-Term Repo Operations	–		–		–
5. Targeted Long Term Repo Operations	–	–	–	–	–
6. Targeted Long Term Repo Operations 2.0	–	–	–	–	–
7. On Tap Targeted Long Term Repo Operations^€	Mon, 22/03/2021	1095	Thu, 21/03/2024	5,000	4.00
8. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*				-3,29,194.00
II. Outstanding Operations
1. Fixed Rate
(i) Repo
(ii) Reverse Repo
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo	Fri, 12/03/2021	14	Fri, 26/03/2021	2,00,007.00	3.51
(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
D. Standing Liquidity Facility (SLF) Availed from RBI^$				32,657.06
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*				-90,267.94
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*				-4,19,461.94
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on		22/03/2021		4,37,066.54
(ii) Average daily cash reserve requirement for the fortnight ending		26/03/2021		4,55,339.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on^¥		22/03/2021		0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on		26/02/2021		8,64,316.00
^@ 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.
Ajit Prasad Director
Press Release : 2020-2021/1284

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Reserve Bank of India – Press Releases

March 22, 2021 root Press Releases

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The Reserve Bank of India (RBI) has imposed, by an order dated March 22, 2021, a monetary penalty of ₹6 lakh (Rupees Six lakh only) on Koyana Sahakari Bank Limited, Karad (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 RBI under the provisions of Section 47 A (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.

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, RBI came to the conclusion that the aforesaid charge of non-compliance with RBI directions was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)
Chief General Manager

Press Release: 2020-2021/1283

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