Category: RBI News

Reserve Bank of India – Tenders

Tenders

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Ref No: RBI/Chennai/HRMD/54/20-21/ET/560

Reserve Bank of India, Chennai Regional Office (hereinafter called “the Bank”), invites E-tenders under Two – Bid system (Technical & Financial Bid) for the empanelment of highly reputed and capable Car Hiring Agencies/Companies for hiring cars on need basis. The empanelment shall be for a period of one year (April 01, 2021 to March 31, 2022). However, contract can be extended on yearly basis for further two years (till March 31, 2024), subject to the satisfactory performance of duties and proper fulfilment of all terms and conditions of the agreement of the agency on mutually agreed rates.

For the above empanelment, the tenderers should submit their proposal, as per the important instructions regarding E-Tender, along with all supporting documents complete in all respects on or before March 10, 2021 up to 14:00 hrs. Tenderers shall submit tender proposal along with refundable EMD of ₹60,000/-, complete in all respect as per the prescribed format. The technical bids will be opened electronically on March 11, 2021 at 15:00 hrs. 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 and www.mstcecommerce.com. Any amendment(s) / corrigendum / clarifications with respect to this tender shall be uploaded on the website / e-portal only. The tenderer should regularly check the above website / e-portal for any Amendment / Corrigendum / Clarification on the above website.

Regional Director
Reserve Bank of India
Rajaji Salai
Chennai

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Reserve Bank of India – Tenders

Tenders

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Reserve Bank of India, Kochi, invites sealed applications for Empanelment of Contractors/ Suppliers under various categories for maintenance/ renovation works in its Office and Residential Premises at Kochi.

Interested Contractors/ Suppliers may visit web-site http://www.rbi.org.in for full details and downloading the application form. The last date of submission of duly completed application forms is March 17, 2021 (by 04:00 pm)

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

General Manager (Officer-in-Charge)

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Reserve Bank of India – Tenders

Tenders

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(Tender No.- RBI/Dehradun/Dehradun/2/20-21/ET/536)

Reserve Bank of India, Dehradun (hereinafter called “the Bank”), invites E-tender under Two – Bid system (Technical & Financial Bid) from reputed agencies/companies/firms for Management and Housekeeping (including catering) of the Bank’s Holiday Home located at North View Lodge, Camel back Road, Mussoorie, Uttarakhand (Bank, however, reserves the right to change the location of Holiday Home) having eight rooms i.e. two executive rooms (with attached washroom), three rooms for officers (with attached wash room) and three rooms (with attached washroom) for workmen employees, reception area, one living room for contract workers, one small store room, two dining area, two kitchen & two open lawn . The Bank, however, reserves the right to change the location of Holiday Home or increase /decrease the number of rooms as per its requirements.

The initial contract shall be valid for a period of one year i.e. from April 01, 2021 to March 31, 2022 which may be further extended up to two years, one year at a time, at the sole discretion of the Bank, subject to annual review by the Bank based on the satisfactory performance of the agency. The e-tendering process would be done through the e-Tendering portal of MSTC Ltd https://www.mstcecommerce.com/eprochome/rbi. All interested companies/ firms /proprietors/agencies must register themselves with MSTC Ltd through the above-mentioned website to participate in the e-tendering process. The Schedule of e-tender is as mentioned below: –

Sr.No. Particular Details
1 E-tender No. RBI/Dehradun/Dehradun/2/20-21/ET/536
2 Mode of E-tender e-Procurement System
(Online Part I – Technical Bid and Part II – Financial Bid through
https://www.mstcecommerce.com/eprochome/rbi)
3 Date of Notice Inviting e-tender available for download in RBI Website and MSTC Portal February 17, 2021
4 Date & Time of Pre-Bid meeting (offline) February 25, 2021 at 1200 hrs.
5 Venue of Pre-Bid meeting Reserve Bank of India, 74/1, 3rd Floor GMVN Building, Raipur Road, Dehradun, Uttarakhand 248001
6 Estimated value of e-tender ₹18,00,000/-
7 Transaction fees for e-tender in the MSTC Portal Payment of Transaction fee through MSTC Gateway/NEFT/RTGS in favour of MSTC Limited or as advised by M/s MSTC Ltd
8 Date & time of starting of online submission of e-tender (Technical Bid and Financial Bid) at
https://www.mstcecommerce.com/eprochome/rbi		 February 25, 2021 at 1600 hrs.
9 Cut-off date and time of online submission of e-tender (Technical Bid and Financial Bid). March 10, 2021 at 1000 hrs.
10 Date & time of opening of Part-I (Technical Bid) March 10, 2021 at 1200 hrs.
11 Date and time of opening of Part-II (Financial Bid) Part-II (Financial Bid) of only those tenderers will be opened electronically in the MSTC portal who qualify in the technical bid evaluation. The Date and time of opening of Part-II (Financial Bid) will be intimated to the tenderers who are found eligible in the Part-I (Technical Bid evaluation). The intimation of the same will be sent to the email address of the tenderers as given in Part-I Section-III techno commercial details.
12 Earnest Money Deposit Rs.36,000/- (Thirty six thousand only) –
Last date for submission of EMD is March 10, 2021 before 1000 hrs.

Through National Electronic Fund Transfer (NEFT) only to the Bank account as given in Part-I Section-II techno commercial details.

Beneficiary Name- Reserve Bank of India
IFSC Code- RBIS0DNPA01 (Fifth and tenth character are Zero)
Beneficiary Account Number: 186003001

The tender should be submitted in the MSTC portal along with all supporting documents complete in all respects to satisfy the Bank about the eligibility of the tenderers as specified in technical Bid and financial Bid of the e-tender document. In case, the said eligibility criteria are not fulfilled, the e-tender will be rejected. Tenderers shall submit e-tender proposal along with refundable Earnest Money Deposit (EMD) of ₹36,000/- (Rupees Thirty-six thousand only), complete in all respect as per the prescribed format. However, at any time prior to the last date for receipt of e-tender, the Bank may, for any reason, whether on its own or in response to a clarification requested by a prospective tenderer, may modify the e-tender document by an amendment. The amendment so made will be notified on the Bank’s website at https://www.rbi.org.in/Scripts/BS_ViewTenders.aspx, in the e-Tendering portal of MSTC Ltd at link https://www.mstcecommerce.com/eprochome/rbi and shall be binding on the prospective tenderers. In order to provide the prospective tenderers with reasonable time to take the amendments if any, into account in preparing their bids, the Bank may at its discretion, extend the last date of submission of the e-tender. The tenderer should regularly check the Bank’s website / MSTC-portal for any amendment / corrigendum / clarification regarding the e-tender. No e-tender can be modified subsequent to the last date of submission of the same. No e-tender can be withdrawn in the time period between the last date for submission of e-tender and the expiry of the validity period of the e-tender as specified in the e-tender document. Withdrawal of the tender during the said interval shall result in forfeiture of the EMD submitted by the tenderer. In the event of the opening of Part-I (Technical Bid) being declared a Holiday, the same will be opened on the next working day at 1200 hrs.

The Bank is not bound to accept the lowest e- tender and reserve the right to accept either in full or in part any e-tender and to reject any e- tender without assigning any reason thereof. The e-tender document is also available in the Bank’s website link – https://www.rbi.org.in/Scripts/BS_ViewTenders.aspx

Any amendment (s) /corrigendum / clarifications with respect to the e-tender shall be uploaded on the Bank’s website (www.rbi.org.in) / MSTC portal only and the same shall be part of this tender and shall be binding on the prospective tenderers. The tenderer should regularly check the above website/MSTC portal for any amendment / corrigendum / clarification with respect to the e-tender.

Regional Director
Reserve Bank of India
Dehradun

Tel No: 0135-2742456
February 17, 2021

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Reserve Bank of India – Tenders

Tenders

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Tender No.: RBI/DEHRADUN/DEHRADUN/3/20-21/ET/539

Reserve Bank of India, Dehradun Regional Office (hereinafter called the Bank), invites E-tenders under Two – Bid system (Technical & Financial Bid) for the empanelment of reputed and capable Car Hiring Agencies/Companies for the purpose of hiring cars on need basis. The empanelment shall initially be for a period of one year (April 01, 2021 to March 31, 2022) which may be extended further for a maximum period of two years (one year at a time) on the same rate, terms & conditions as agreed upon based on annual review to be conducted by the Bank subject to the satisfactory performance and compliance to the terms and conditions of the agreement by the agency.

For the above empanelment, the tenderers should submit their proposal, as per the instructions regarding E-Tender, along with all supporting documents complete in all respects on or before 11:00 AM of March 10, 2021. Tenderers shall submit e-tender proposal complete in all respects along with refundable Earnest Money Deposit (EMD) of ₹20,000/- (Rupees Twenty Thousand Only). Micro and Small Enterprises (MSEs) having Udyam Registration Number (Udyog Aadhar Memorandum Number) will be exempted from submission of EMD on submission of necessary documents. The technical bids will be opened in the MSTC Portal on March 10, 2021 at 3:00 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.

The e-tender document can be downloaded from the Bank’s website www.rbi.org.in under ‘Tenders’ section and from www.mstcecommerce.com. At any time prior to the last date for receipt of e-tender, the Bank, may, for any reason, whether at its own initiative or in response to a clarification requested by a prospective tenderer, modify the e-tender document by an amendment / corrigendum. Any amendment(s) / corrigendum / clarifications with respect to the e-tender shall be uploaded on the Bank’s website (www.rbi.org.in) / MSTC portal (www.mstcecommerce.com) only and the same shall be part of the tender and binding on the prospective tenderers. The tenderer should regularly check the Bank’s website / MSTC portal for any Amendment / Corrigendum / Clarification in the matter. The Bank reserves the right to accept or reject any or all of the bids without assigning any reason thereof.

S. No. Event Date
1. Publication of Notice of Tender 17.02.2021
2. Last date for accepting completed tenders 10.03.2021 on or before 11:00 AM
3. Opening of Technical Bids 10.03.2021 – 03:00 PM
4. Opening of Financial Bids Shall be informed separately to the tenderers who qualify the technical bid evaluation.

Regional Director
Reserve Bank of India, Dehradun

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Reserve Bank of India – Press Releases

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) 4,37,810.81 2.74 0.01-5.30
     I. Call Money 8,111.63 3.21 1.90-3.50
     II. Triparty Repo 3,34,731.90 2.71 1.80-3.10
     III. Market Repo 94,822.28 2.78 0.01-3.25
     IV. Repo in Corporate Bond 145.00 5.30 5.30-5.30
B. Term Segment      
     I. Notice Money** 250.60 3.03 2.50-3.25
     II. Term Money@@ 264.00 – 3.25-3.70
     III. Triparty Repo 1,100.00 2.84 2.70-2.90
     IV. Market Repo 0.00 – –
     V. Repo in Corporate Bond 50.00 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, 16/02/2021 1 Wed, 17/02/2021 5,31,641.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Tue, 16/02/2021 1 Wed, 17/02/2021 0.00 4.25
4. Long-Term Repo Operations –   –   –
5. Targeted Long Term Repo Operations – – – – –
6. Targeted Long Term Repo Operations 2.0 – – – – –
7. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -5,31,641.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Repo          
     (ii) Reverse Repo          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 12/02/2021 14 Fri, 26/02/2021 2,00,017.00 3.52
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
3. MSF          
4. Long-Term Repo Operations# Mon, 24/02/2020 365 Tue, 23/02/2021 15.00 5.15
  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$       29,990.06  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -92,929.94  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -6,24,570.94  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 16/02/2021 4,37,184.73  
     (ii) Average daily cash reserve requirement for the fortnight ending 26/02/2021 4,49,962.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 16/02/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 29/01/2021 8,48,955.00  
@ 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. 2014-2015/1971 dated March 19, 2015.
Rupambara
Director   
Press Release : 2020-2021/1112

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Reserve Bank of India – Notifications

Notifications

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RBI/2020-21/99
A.P. (DIR Series) Circular No. 11

February 16, 2021

To

All Category-I Authorised Dealer Banks

Madam / Sir

Remittances to International Financial Services Centres (IFSCs) in India under the
Liberalised Remittance Scheme (LRS)

Please refer to the Statement on Development and Regulatory Polices announced as part of the Bi-monthly Monetary Policy Statement dated February 05, 2021 on the above subject.

2. With a view to deepen the financial markets in International Financial Services Centres (IFSCs) and provide an opportunity to resident individuals to diversify their portfolio, the extant guidelines on Liberalised Remittance Scheme (LRS) have been reviewed and it has been decided to permit resident individuals to make remittances under LRS to IFSCs set up in India under the Special Economic Zone Act, 2005, as amended from time to time. Accordingly, AD Category – I banks may allow resident individuals to make remittances under LRS to IFSCs in India, subject to the following conditions:

  1. The remittance shall be made only for making investments in IFSCs in securities, other than those issued by entities/companies resident (outside IFSC) in India.

  2. Resident Individuals may also open a non interest bearing Foreign Currency Account (FCA) in IFSCs, for making the above permissible investments under LRS. Any funds lying idle in the account for a period upto 15 days from the date of its receipt into the account shall be immediately repatriated to domestic INR account of the investor in India.

  3. Resident Individuals shall not settle any domestic transactions with other residents through these FCAs held in IFSC.

3. AD Category – I banks, while allowing such remittances, shall ensure compliance with all other terms and conditions, including reporting requirements prescribed under the Scheme. It may be noted that any person resident in India (outside IFSC) entering into any transaction with a person/entity in IFSC shall only be governed by regulations/directions and rules issued/notified by the Reserve Bank of India and the Government of India respectively under Foreign Exchange Management Act (FEMA), 1999. Further, compounding of any contravention of FEMA provision by such person resident in India shall be dealt by the Reserve Bank of India in accordance with the extant instructions/provisions on compounding of contraventions under FEMA.

4. Master Direction No.7 (Master Direction – Liberalised Remittance Scheme) is being updated to reflect the above changes. AD Category – I banks should bring the contents of this circular to the notice of their constituents and customers.

5. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law.

Yours faithfully

Ajay Kumar Misra
Chief General Manager-in-Charge

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Reserve Bank of India – Tenders

Tenders

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Reserve Bank of India, Chandigarh, invites e-tender under Two – Bid system (Technical & Financial Bid) for the provision of Catering and Maintenance services at the Officers’ Lounge and Dining Room (OLDR) and the Staff Canteen of Reserve Bank of India, Chandigarh. The agreement shall be for a period of one year from April 1, 2021 to March 31, 2022 and annually extendable up to two more years subject to mutual consent of both the parties and based on the performance of the service provider (s). The estimated cost of the work for the year is ₹ 40 lakh.

2. The tenderers should submit their proposal for the above mentioned service, as per the important instructions regarding e-Tender, along with all supporting documents on www.mstcecommerce.com/eprochome/rbi on or before March 12, 2021 up to 02:00 p.m. The tenderers shall submit tender proposal along with refundable EMD of ₹80,000/-, complete in all respect as per the prescribed format. The technical bids will be opened electronically on March 12, 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. No entity will be given exemption from payment of EMD.

3. Tender documents can be downloaded from website www.rbi.org.in and www.mstcecommerce.com. Any amendment(s) / corrigendum / clarifications with respect to this tender shall be uploaded on the website / e-portal only. The tenderer should regularly check the above website / e-portal for any amendment / corrigendum / clarification..

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

Regional Director

Section I – Schedule of Tender

A e-Tender No. RBI/Chandigarh/HRMD/53/20-21/ET/559
B Mode of Tender e-Procurement System
(Online Part I – Technical Bid and Part II – Financial Bid through www.mstcecommerce.com/eprochome/rbi)
C Date of Notice inviting e-tender available for download on RBI Website February 16, 2021
D Date of Pre-bid meeting 03:30 PM on February 24, 2021
E Venue of Pre-bid meeting Human Resource Management Department,
3rd Floor, Reserve Bank of India, Sector-17, Chandigarh
F Estimated value of tender ₹ 40 Lakh
G Transaction fees MSTC Charges as applicable.
H Earnest Money Deposit ₹ 80,000.00 (Rupees Eighty Thousand Only) through NEFT only
Beneficiary Name: Reserve Bank of India, Chandigarh
Beneficiary Account No: 186003001
IFSC: RBIS0CGPA01 (5th and 10th digits are Zero)
No entity will be given exemption from payment of EMD.
I Date of starting of online submission of e-tender (Technical Bid and Financial Bid) at www.mstcecommerce.com/eprochome/rbi 11:00 am on February 19, 2021
J Date of closing of online e-tender for submission of Technical Bid and Financial Bid 02:00 PM on March 12, 2021
K Date and Time of opening of Part-I (i.e. Technical Bid) 03:00 PM on March 12, 2021
L Part II Financial Bid: Date of opening of Part II Part II Financial Bid will be opened electronically of only those bidder(s) whose Part I: Technical Bid is found acceptable by the Bank. Such bidder(s) will be intimated date of opening of Part II: Financial bid, through valid email confirmed by them.

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Reserve Bank of India – Press Releases

Press Releases

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Sr. No. State/ UT Notified amount
(₹ Cr)		 Amount Accepted
(₹ Cr)		 Cut off Yield
(%)		 Tenure
(Yrs)
1. Assam 500 500 6.21 5
500 500 7.07 10
2. Gujarat 500 500 6.93 10
3. Himachal Pradesh 500 500 7.05 14
500 500 7.02 15
4. Madhya Pradesh 3000 3000 7.03 10
5. Nagaland 437 437 7.05 10
6. Rajasthan 1500 1500 7.05 10
500 500 7.03 15
500 500 6.99 20
500 500 6.97 30
7. Tamil Nadu 2500 2500 6.95 10
8. Telangana* 750 1000 7.00 30
9. Uttar Pradesh 4000 4000 7.08 10
10. West Bengal 1500 1500 7.05 10
  Total 17687 17937    
* Telangana has accepted an additional amount of ₹ 250 crore.

Rupambara
Director    

Press Release: 2020-2021/1108

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Reserve Bank of India – Press Releases

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) 439,688.20 2.98 0.01-5.30
     I. Call Money 8,300.99 3.25 1.90-3.50
     II. Triparty Repo 336,483.75 3.03 2.90-3.40
     III. Market Repo 94,758.46 2.78 0.01-3.26
     IV. Repo in Corporate Bond 145.00 5.30 5.30-5.30
B. Term Segment      
     I. Notice Money** 985.43 3.25 2.40-3.40
     II. Term Money@@ 179.00 – 3.05-3.40
     III. Triparty Repo 500.00 3.10 3.10-3.10
     IV. Market Repo 10.00 2.70 2.70-2.70
     V. Repo in Corporate Bond 0.00 – –
  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) Reverse Repo Mon, 15/02/2021 1 Tue, 16/02/2021  5,23,880.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Mon, 15/02/2021 1 Tue, 16/02/2021 2.00 4.25
4. Long-Term Repo Operations –   –   –
5. Targeted Long Term Repo Operations          
6. Targeted Long Term Repo Operations 2.0          
7. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*		       -5,23,878.00  
II. Outstanding Operations
1. Fixed Rate          
     (i) Reverse Repo – – – – –
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 12/02/2021 14 Fri, 26/02/2021 200,017.00 3.52
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF – – – – –
4. Long-Term Repo Operations# Mon, 24/02/2020 365 Tue, 23/02/2021 15.00 5.15
  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$       29,990.06  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -92,929.94  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -6,16,807.94  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 15/02/2021 4,35,768.61  
     (ii) Average daily cash reserve requirement for the fortnight ending 26/02/2021 449,962.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 15/02/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 29/01/2021 848,955.00  
@ 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. 2014-2015/1971 dated March 19, 2015.
Rupambara
Director   
Press Release : 2020-2021/1107

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Reserve Bank of India – Notifications

Notifications

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RBI/2020-21/98
A. P. (DIR Series) Circular No. 10

February 15, 2021

All Authorised Dealer Category-I Banks

Madam/Sir,

Margin for Derivative Contracts

Attention of Authorised Dealer Category-I (AD Cat-I) banks is invited to the Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 notified in the Gazette of India vide notification no. FEMA.399/RB-2020 dated October 23, 2020 (Annex I). Accordingly, directions are being issued to allow posting and collection of margin for permitted derivative contracts between a person resident in India and a person resident outside India.

2. AD Cat-I banks may post and collect margin in India, on their own account or on behalf of their customers, for a permitted derivative contract entered into with a person resident outside India in the form of:

  1. Indian currency;

  2. Freely convertible foreign currency;

  3. Debt securities issued by Indian Central Government and State Governments;

  4. Rupee bonds issued by persons resident in India which are:

    1. Listed on a recognized stock exchange in India; and

    2. Assigned a credit rating of AAA issued by a rating agency registered with the Securities and Exchange Board of India. If different ratings are accorded by two or more credit rating agencies, then the lowest rating shall be reckoned.

Explanation: Permitted derivative contract shall have the same meaning as assigned to it in the Foreign Exchange Management (Margin for Derivative Contracts) Regulations, 2020 [Notification no. FEMA.399/RB-2020 dated October 23, 2020].

3. AD Cat-I banks may post and collect such margin outside India in the form of:

  1. Freely convertible foreign currency; and

  2. Debt securities issued by foreign sovereigns with a credit rating of AA- and above issued by S&P Global Ratings / Fitch Ratings or Aa3 and above issued by Moody’s Investors Service. If different ratings are accorded by two or more credit rating agencies, then the lowest rating shall be reckoned.

4. AD Cat-I banks may receive and pay interest on margin posted and collected on their own account or on behalf of their customers for a permitted derivative contract entered into with a person resident outside India.

5. AD Cat-I banks shall maintain a separate account in the name of persons resident outside India for the purpose of posting and collecting cash margin in India, and transactions incidental thereto.

6. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.

Yours faithfully,

(Dimple Bhandia)
Chief General Manager

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