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Reserve Bank of India – Press Releases

Press Releases

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The following State Governments have offered to sell securities by way of an auction, for an aggregate amount of ₹23,906 Cr. (Face Value).

Sr. No. State Amount to be raised
(₹ Cr)		 Additional Borrowing (Green shoe) Option
(₹ Cr)		 Tenure
(Yrs)		 Type of Auction
1. Andhra Pradesh 1314 – 16 Yield
2. Assam 500 – 6 Yield
1000 – 10 Yield
3. Chhattisgarh 1000 – 8 Yield
4. Goa 200 – 10 Yield
5. Gujarat 1000 – 10 Yield
6. Haryana 1000 – 20 Yield
7. Jharkhand 1000 400 14 Yield
8. Karnataka 1000 – 17 Yield
1000 – 18 Yield
1000 – 19 Yield
9. Madhya Pradesh 3000 – Re-issue of 7.03% Madhya Pradesh SDL 2031 issued on February 17, 2021 Price
10. Maharashtra 1000 – 10 Yield
11. Puducherry 150 – 5 Yield
12. Punjab 500 – Re-issue of 7.05% Punjab SDL 2031 issued on February 10, 2021 Price
13. Rajasthan 500 – 20 Yield
14. Sikkim 100 – 10 Yield
15. Tamil Nadu 2500 – Re-issue of 6.95% Tamil Nadu SDL 2031 issued on February 17, 2021 Price
16. Tripura 142 – 15 Yield
17. Uttar Pradesh 4000 – 10 Yield
18. West Bengal 2000 – 20 Yield
  Total 23906      

The auction will be conducted on the Reserve Bank of India Core Banking Solution (E-Kuber) system on February 23, 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 February 23, 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 February 23, 2021 (Tuesday) and payment by successful bidders will be made during banking hours on February 24, 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 August 24 and February 24 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.

Rupambara
Director   

Press Release: 2020-2021/1126

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Reserve Bank of India – Tenders

Tenders

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Corrigendum

The Pre-bid meeting for the captioned tender was held on February 16, 2021 at 3:00 PM at RBI Chandigarh. The meeting was chaired by Shri Vinod Kumar, General Manager and attended by following officials from IT Cell and prospective bidders.

a) The following Bank’s officials and representative of prospective bidder were present during the pre-bid meeting:

Sr No. Name and Designation of RBI Officials
1 Shri Vinod Kumar, General Manager
2 Shri Mahesh Kumar, Assistant General Manager
3 Shri Robin, Assistant Manager

b) Prospective Bidders present during the pre-bid meeting:

Sr No Prospective Bidders Representative Name
1 M/s Aforeserve.com Ltd., Shri Rajeev Shori
2 M/s Bharti IT Services Shri Satbir Singh
3 M/s LRS Services Pvt. Ltd. Shri Ashwani
4 M/s Ensure Services Shri Deepak
5 M/s Karvy Innotech Shri Puneet Sharma
6 M/s Sysnet Global Shri Dilaver
7 M/s Rapidtech IT Services Pvt. Ltd. Shri Sanjay Dhanotia

2. Shri Vinod Kumar, General Manager welcomed all participants (Annex I) and requested the participants to raise the queries, if any. A brief introduction of the tender was also given to the participants. The queries raised by the representatives of prospective bidders were replied by Shri Vinod Kumar, General Manager and Shri Mahesh Kumar, AGM.

3. The queries raised by the prospective bidders during the meeting along with our clarifications and comments are given below.

Queries and Clarifications/Comments
Sr. No Query Clarification/ Comments
1 Whether company is required to have Registered Office in Chandigarh? It was clarified that Registered Office may be anywhere in India. However, the company should have a full-fledged service centre / office in Tricity – Chandigarh, Mohali and Panchkula as stipulated at para 6 of the Section II (Eligibility Criteria)
2 As per extant guidelines of Govt of India, the Performance Bank Guarantee has been capped at 3% of Contract Amount? It was decided to continue with 10% of contract value for PBG as stipulated at para 5 of Section IV (Submission of Bids).

(The clarification was given based on the Legal Cells opinion obtained by Estate Department wherein it was clarified that the provisions of General Financial Rules (GFR) are not applicable to Reserve Bank of India).
3. Whether MSEs are exempted from submission of EMD? It was clarified that the MSEs are exempted from submission of EMD only in cases where the estimated cost of procurement (Goods, Services or Work Contracts) is upto Rs. 10 Lakh (including all taxes, duties etc.). In the extant case the estimated cost of the tender is more than Rs. 10 lakh and therefore submission of EMD is compulsory.
4 Can a company submit details of qualified engineers available at locations other than Chandigarh? It was clarified that the company may submit details of qualified engineers from other locations also. However, they must be resident in Chandigarh – Tricity on award of the Tender.
5 Whether RBI will pay additional charges for the engineers deputed on holidays? The minimum wages have been calculated considering 26 days in a month as per prevalent practice. Normally, RBI remains closed on holidays/Sundays and Non-working Saturdays. The RE shall be compensated by the company suitably with compensatory offs if their deployment is done on holidays and ensure that total number of working days does not go beyond 26 days in a month.

Therefore, services shall be required to be provided on holidays/Nonworking Saturdays/ Sundays whenever required at no additional cost as mentioned at para 16. 11 of Section I (Scope and Important Terms & Conditions).
6 Whether the minimum wages prescribed will be revised as per the Govt of India notifications? Such provision has been duly prescribed in the Tender document itself. The revision in wages is binding on both the parties. In case the minimum wages are reduced, the wages will be paid by RBI on reduced rates and vice-a-versa
7 The physical damage of IT Assets shall not be the responsibility of vendor. It was clarified that the physical damage due to normal wear and tear has been covered under Comprehensive AMC. However, in cases where the physical damage is due to mishandling by RBI’s user, the actual cost of the component may be paid to the company and no service charges for such repairs will be paid. For the purpose, the physical damage has be justified before undertaking the repairs and in the presence of user.
8 Whether Original Equipment Manufacturer (OEM) certificate is mandatory for the vendor? The vendor is required to give L1 Support for assets under warranty and therefore, OEM Certificate is required.
9 Whether Client Certificate should be as per the format specified in the tender document? Yes. The format has been prescribed to keep uniformity and avoid any ambiguity in the Client Certificate.
10 Whether private companies would be considered under reputed concerns? Yes. Only reputed private companies would be considered under reputed concerns and a copy of TDS certificate need to be submitted for establishing that services have been provided to the private reputed company.

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Reserve Bank of India – Tenders

Tenders

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RBI/Mumbai/Others/18/20-21/ET/528

1. Reserve Bank of India, Protocol & Security Establishment, Mumbai Regional Office, Mumbai (RBI) invites E-tenders from FMS Companies/Horticultural Firms /Agencies “TENDER FOR ANNUAL MAINTENANCE CONTARCT OF GARDEN, HEDGES, LAWNS AND PROVIDING HOLTICULTURAL SERVICES AT BANKS RESIDENTIAL COLONIES AND OFFICES OF RESERVE BANK OF INDIA, MUMBAI”. The period of contract will be up to March 31, 2022 from 01-04-2021 / 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. 3,49,00,000/-(Rupees Three crore forty nine lakh only) all taxes inclusive (including 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. 6,98,000/- (Rupees Six lakhs ninety eight 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 45 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 P&SE Office up to 2:00 PM on 18/03/2021 super scribing as “EMD for TENDER FOR ANNUAL MAINTENANCE CONTARCT OF GARDEN, HEDGES, LAWNS AND PROVIDING HOLTICULTURAL SERVICES AT BANKS RESIDENTIAL COLONIES AND OFFICES OF RESERVE BANK OF INDIA, MUMBAI.

4. Online tenders will be available for viewing /download from 3.00 PM on 18/02/2021 from the website www.mstcecommerce.com.

5. A pre-bid meeting (off-line mode) of the intending Tenderers will be held on 23/02/2021 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 05:00 PM on or before 22/02/2021.

8. The duly filled in tender documents shall be uploaded on MSTC site. (Date of Starting of online submission of e-tender from 26/02/2021 at 3:00 PM and Date of closing of online submission of e-tender is 18/03/2021 up to 5:00 PM)

9. Part I of the tenders will be opened on-line at 2.30 PM on 19/03/2021 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

Tender No. : RBI/CHANDIGARH/DIT/14/20-21/ET/546

Existing Clause Amended Clause
Section IV – Submission of Bids

5. Vendor shall deposit an Earnest Money Deposit of Rs. 30,000/- by NEFT in Bank’s A/c No. Beneficiary Ac No: 186003001, IFSC — RBIS0CGPA01 (5th and 10th digit being zero) on or before 16:00 Hrs of March 05, 2021 (Kindly Mention UTR transaction detail as given in Annexure IX) which will be refunded in the event of (i) Completion of financial/commercial bid evaluation for vendors other than L1 or (ii) Commencement of AMC and submission of 10% Performance Bank Guarantee in case of L1 vendor. Interest will not be paid on the EMD. Bids submitted without EMD are liable to be rejected. However, all the Micro and Small Enterprises (as defined in the Micro, Small and Medium Enterprises Development Act 2006 are exempted from depositing EMD amount. The eligible firms claiming exemption under Micro and Small Enterprises need to submit Certificate of Registration under Ministry of Micro, Small and Medium Enterprises, Govt of India.

 Section IV – Submission of Bids

5. Vendor shall deposit an Earnest Money Deposit of Rs. 30,000/- by NEFT in Bank’s A/c No. Beneficiary Ac No: 186003001, IFSC — RBIS0CGPA01 (5th and 10th digit being zero) on or before 16:00 Hrs of March 05, 2021 (Kindly Mention UTR transaction detail as given in Annexure IX) which will be refunded in the event of (i) Completion of financial/commercial bid evaluation for vendors other than L1 or (ii) Commencement of AMC and submission of 10% Performance Bank Guarantee in case of L1 vendor. Interest will not be paid on the EMD. Bids submitted without EMD are liable to be rejected. Registered Micro and Small Enterprises (as defined in the Micro, Small and Medium Enterprises Development Act 2006) are also required to deposit the EMD amount.

Regional Director

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Reserve Bank of India – Press Releases

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 4,000 February 24, 2021
(Wednesday)		 February 25, 2021
(Thursday)
2 182 Days 7,000
3 364 Days 8,000
  Total 19,000    

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 Wednesday, February 24, 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, February 25, 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).

Rupambara
Director   

Press Release: 2020-2021/1125

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Reserve Bank of India – Notifications

Notifications

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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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Sealed tenders in two parts are invited from eligible contractors for providing quarterly cleaning of Netlon Window Mesh, Fan etc. in Officers’ Residential Flats at Bank’s Officers’ Quarters, Nayapalli and Officers’ flat at Main Office Premises.

The Tender shall be submitted in two separate sealed envelopes viz part- I and part -II and those should be kept in a bigger sealed envelope.

For details of the tender, please see the ‘Tenders’ section of the Bank’s website www.rbi.org.in.

Tender forms can also be obtained from the Maintenance Section of Human Resource Management Department, 2nd Floor, Reserve Bank of India, Bhubaneswar, between 11.00 HRs and 14.00 HRs from March 12, 2021 to March 22, 2021. The last date for submission of the completed tender forms is up to 14.00 HRs on March 22, 2021.

Regional Director
Reserve Bank of India,
Bhubaneswar

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Reserve Bank of India – Tenders

Tenders

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Please refer to the tender notice event No. RBI/Lucknow/DIT/12/20-21/ET/469 for the subject published on the Bank’s website www.rbi.org.in on January 27, 2021, inviting “E-tender for Supply and Installation of Laptops at Bank main office premises, RBI Lucknow.”

In this connection, it is hereby informed that the last date for submission of bids has been extended up to 14.00 Hrs on February 24, 2021. The bids will be opened at 16.00 Hrs on February 24, 2021.

All other terms and conditions mentioned in the tender remain unchanged.

Date: 17.02.2021

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Reserve Bank of India – Press Releases

Press Releases

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    3.96% GS 2022* 5.15% GS 2025 5.85% GS 2030 New GS 2061**
I. Notified Amount ₹ 2,000 cr ₹ 11,000 cr ₹ 11,000 cr ₹ 7,000 cr
II. Cut off Price / Implicit Yield at cut-off 99.39/4.3299 98.18/5.5924 98.46/6.0596 6.7600
III. Amount accepted in the auction ₹ 2,145.052 cr ₹ 300.24 cr ₹ 106.176 cr ₹ 3,501.335 cr
IV. Devolvement on Primary Dealers Nil ₹ 10,699.76 cr ₹ 10,893.824 cr Nil
*Greenshoe amount of 145.052 crore has been accepted
**Partial amount of ₹3501.335 crore has been accepted

Rupambara
Director   

Press Release: 2020-2021/1124

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Reserve Bank of India – Tenders

Tenders

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E-Tender No.: RBI/RBSC//516/21-22/ET/516

The Pre-bid meeting for the captioned tender was held at 11.30 a.m. on February 15, 2021 in the Seminar Hall at Reserve Bank Staff College, Chennai, chaired by Dr.M Sreeramulu, Director (Gr D)/MoF. Shri Shaji Thomas, AGM, IT Cell, other officials of IT Cell and Shri. F Johnson, representative of ‘M/s Finecons Pvt Ltd’, a prospective bidder, participated in the meeting.

Shri Shaji Thomas, welcomed the participant and others to the meeting and invited queries from the participant regarding the captioned tender.

The queries raised by the participant during the meeting along with clarifications and comments of the College are tabulated below:

SL No. Query Clarifications and Comments
1 Whether Micro Small and Medium Enterprises (MSMEs) are eligible for any exemption from remitting Earnest Money Deposit (EMD)? The bidder is required to remit EMD as specified in the tender document irrespective of their category.
2 Whether client certificate is required to be submitted in the specified format? Client Certificate, containing all details specified in the format in Annexure XI, of the tender, is required to be submitted.
3 What are the components to be considered while quoting price bid? While quoting the price bids for AMC/FMS charges, the bidder must take into consideration the requirement of payment of not less than minimum wages to Resident Engineers (REs)-(Central Government Minimum Wages as specified at para 23 of Tender) and all statutory requirements like ESI, EPF, Bonus, etc. No separate field is provided to quote REs’ charges separately in the Price Bid format in MSTC Portal, which shall be inclusive in the AMC/FMS charges being quoted by the bidder against each item of IT equipment.
4 Whether the transaction fee and EMD are to be remitted to RBSC? What is the amount of Transaction fee? Transaction fee and EMD are to be remitted to MSTC and RBSC respectively.

Transaction fee is 0.05 per cent of the estimated cost, subject to a maximum of Rs.15,000/-, plus applicable GST thereon.
5 Whether the hard copies of documents are to be submitted separately? Scanned copies of all documents, as specified in the tender document, are to be submitted only through online.

Note: –

1. The shift timings of REs, mentioned under duty hours at Sl No.1 of para 3 (II) (G) (ii) of Section III of Tender is modified as 9.00 hours to 17.00 hours.

2. Annexure XIV A and Annexure XIV B referred at Sl No 5 and 9 of para 3 of Section II of Tender may please be read as Annexure XIV and Annexure XIX respectively.

3. Rate analysis in respect of the prices quoted for the items indicated in the Price Bid, clearly indicating the cost of manpower deployment and AMC/FMS charges, may be called for from the bidders, if required, during the process of evaluation. However, successful bidder is required to submit the same on award of work.

Dr Sreeramulu thanked the bidder’s representative and others for attending the meeting. The meeting ended at 12.00 p.m.

R. Kesavan
Chief General Manager/Principal
Reserve Bank Staff College, Chennai

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