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The expression ‘Banking System’ or ‘Banks’ means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act, 1934. No. of Scheduled Commercial Banks as on Current Fortnight:133 Ajit Prasad Press Release : 2020-2021/1177 |
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Please refer to the tender notice event No. RBI/Chennai/Estate/336/20-21/ET/487 for the subject published on the Bank’s website www.rbi.org.in on January 29, 2021, inviting “E-tender for Supply, Installation, Testing and Commissioning of 03 nos. of door frame metal detectors for main office building at Reserve Bank of India, Chennai. In this connection, it is hereby informed that the last date for submission of bids has been extended up to 15.00 Hrs on March 08, 2021. The bids will be opened at 15.30 Hrs on March 08, 2021. All other terms and conditions mentioned in the tender remain unchanged. Date: 26.02.2021 |
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The Financial Action Task Force (FATF), vide public document ‘High-Risk Jurisdictions subject to a Call for Action’ dated February 25, 2021, has called on its members and other jurisdictions to refer to the statement on these jurisdictions adopted in February 2020.
FATF had earlier identified the following jurisdictions as having strategic deficiencies which have developed an action plan with the FATF to deal with them. These jurisdictions are: Albania, The Bahamas, Barbados, Botswana, Cambodia, Ghana, Jamaica, Mauritius, Myanmar, Nicaragua, Pakistan, Panama, Syria, Uganda, Yemen and Zimbabwe. As per the public statement, Burkina Faso, the Cayman Islands, Morocco, and Senegal have now been added to the list of Jurisdiction under increased Monitoring based on the decision made at the February 2021 FATF plenary. Further, based on the FATF publication dated December 18, 2020 The Bahamas has been removed from the list of Jurisdictions under Increased Monitoring. FATF plenary releases documents titled “High-Risk jurisdictions subject to a Call for Action” and “Jurisdictions under increased Monitoring” with respect to jurisdictions that have strategic AML/CFT deficiencies as a part of the ongoing efforts to identify and work with jurisdictions with strategic Anti-Money Laundering (AML)/Combating of Financing of Terrorism (CFT) deficiencies. Such advice does not preclude the regulated entities from legitimate trade and business transactions with the countries and jurisdictions mentioned there.
The detailed information is available in the updated public statements and document released by FATF on February 25, 2021. The statements and document can be accessed at the following URL:
About FATF
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF monitors the progress of its members in implementing necessary measures, reviews money laundering and terrorist financing techniques and counter-measures, and promotes the adoption and implementation of appropriate measures globally. The FATF’s decision making body, the FATF Plenary, meets three times a year and updates these statements, which may be noted.
(Yogesh Dayal)
Chief General Manager
Press Release: 2020-2021/1176
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“Reserve Bank of India, hereby, invites tender for Diesel Generator Set Operator Services for Bank’s office premises. The tender shall be submitted in two covers in accordance with the procedure detailed below. Specified documents shall be sealed in envelopes of appropriate size each of which shall be sealed. The Tender shall be prepared and submitted in two parts, viz, Part I and Part II, separately in sealed envelopes, clearly indicating on the covers, “Part I – Tender for Diesel Generator Set Operator Services – Technical Bid” and “Part II – Tender for Diesel Generator Set Operator Services – Commercial Bid”, respectively. These two envelopes containing Part-I (Technical Bid) and Part-II (Commercial Bid) should be properly sealed in a third envelope of adequate size. This envelope shall be superscribed as “Tenders for Diesel Generator Set Operator Services for Bank’s office premises” and addressed to The General Manager (O-i-C), Reserve Bank of India, Ranchi and should reach the office not later than 15:00 hours on March 26, 2021.” Tenders submitted through Telegraphic, Fax and E-mail mode will not be accepted. The full name, postal address, e-mail address and telefax/ telephone number of the tenderer shall be written on the bottom left corner of the sealed envelope. Insertions, post scripts, additions and alterations shall not be valid unless confirmed by the tenderers signature. All copies of the tenders should be complete in all respects with all attachments/ enclosures/ annexures. The technical Bid would be opened first and only those firms, who fulfil the terms and conditions will be eligible for participating in the Commercial Bid. The Technical Bids shall be opened at 16:00 hours on March 26, 2021 at Reserve Bank of India, RRDA Building, 4th floor, Pragati Sadan, Kutchhery Chowk, Ranchi – 834001. The bidders should be present at the time of opening of bids. |
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The Reserve Bank of India issued Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka, vide Directive DCBS.CO.BSD-III.No.D-8/12.23.212/2018-19 dated February 21, 2019, as modified from time to time, last being vide Directive DOR.CO.AID.NO.D-16/12.23.212/2020-21, dated August 25, 2020 in terms of which, the Directions were extended up to February 28, 2021. 2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of Directive DCBS.CO.BSD-III.No.D-8/12.23.212/2018-19 dated February 21, 2019 issued to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka as modified from time to time for a further period of six months. Accordingly, the Reserve Bank of India, 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, hereby directs that the Directive DCBS.CO.BSD-III.No.D-8/12.23.212/2018-19 dated February 21, 2019 issued to Bidar Mahila Urban Co-operative Bank Ltd., as modified from time to time, the validity of which was extended up to February 28, 2021, shall continue to apply to the bank for a further period of six months from March 01, 2021 to August 31, 2021, subject to review. 3. Other terms and conditions of the Directives under reference shall remain unchanged. (Yogesh Dayal) Press Release: 2020-2021/1174 |
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Reserve Bank of India, Kolkata invites application for empanelment of vendors for supplying Issue Department Stores items. Intending Firms/Vendors/Suppliers may apply in the prescribed form which can be obtained from the Reserve Bank of India, Issue Department, 4th Floor, 15, N. S. Road, Kolkata – 700001 during office hours. Prescribed application form with terms and conditions can also be downloaded from the Bank’s website www.rbi.org.in i.e ‘Tenders’ section under ‘More Links’. Application form duly filled in with necessary particulars and documents enclosed in a sealed cover superscripted “Application for Empanelment for Supply of Issue Department Stores Items” addressed to The GM-in-Charge (Issue Dept), Reserve Bank of India, 4th Floor, 15, N. S. Road, Kolkata – 700001 may be submitted up to 3.00 p.m. on or before March 19, 2021 The Bank reserves the right to accept or reject any or all the applications without assigning any reasons there for. Regional Director Date: 27.02.2021 |
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The Reserve Bank of India today released the February 2021 issue of its monthly Bulletin. The Bulletin includes Monetary Policy Statement, 2020-21: Resolution of the Monetary Policy Committee (MPC) February 3-5, 2021, one Speech, four Articles and Current Statistics. The four articles are: I. State of the Economy; II. Sectoral Deployment of Bank Credit in India: Recent Developments; III. Assessing the Future Path of Monetary Policy from Overnight Indexed Swap (OIS) Rates; IV. Do Markets Know More? India’s Banking Sector through the Lens of PBR. I. State of the Economy Highlights
II. Sectoral Deployment of Bank Credit in India: Recent Developments The analysis of sectoral credit data provides insights into the flow of credit to various important sectors of the economy. This article analyses the developments in sectoral deployment of bank credit during the period preceding the COVID-19 pandemic and compares them with developments during the COVID-19 period, i.e., during April-November 2020-21. Highlights
III. Assessing the Future Path of Monetary Policy from Overnight Indexed Swap (OIS) Rates The use of the overnight indexed swap (OIS) rate as a measure of monetary policy expectation is gaining popularity in the literature. This article, by adopting the methodology of Lloyd (2018), empirically tests whether onshore OIS trades in India of different tenors (ranging from 1 month to 10 years) for the period from August 03, 1999 to May 31, 2019 are efficient measures of market participants’ expectation of short-term interest rates. Highlights:
IV. Do Markets Know More? India’s Banking Sector through the Lens of PBR What is an appropriate measure of bank value? This article argues that price-to-book ratio (PBR) of banks may be considered as an alternative measure of bank value to better understand their health and stability in the Indian context. Highlights:
(Yogesh Dayal) Press Release: 2020-2021/1172 |
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