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Reserve Bank of India – Press Releases

February 3, 2021 root Press Releases

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RBI had announced in the ‘Statement on Developmental and Regulatory Policies’ issued as part of the Monetary Policy Statement dated December 4, 2020 that with a view to strengthen the Internal Audit Function, which works as a third line of defence, suitable guidelines will be issued to large UCBs and NBFCs on adoption of Risk Based Internal Audit (RBIA).

Accordingly, a circular on RBIA covering all deposit taking Non-Banking Finance Companies (NBFCs); all non-deposit taking NBFCs (including Core Investment Companies) with asset size of ₹5,000 crore and above; and all Primary (Urban) Co-operative Banks (UCBs) with asset size of ₹500 crore and above has been issued today.

The circular intends, inter alia, to provide the essential requirements for a robust internal audit function, which include sufficient authority, stature, independence, resources and professional competence, so as to align these requirements in larger NBFCs/UCBs with those stipulated for Scheduled Commercial Banks. It is expected that the adoption of RBIA by such entities would help to enhance the quality and effectiveness of their internal audit system.

(Yogesh Dayal)
Chief General Manager

Press Release: 2020-2021/1036

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Reserve Bank of India – Tenders

February 3, 2021 root Tenders

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Reserve Bank of India, Jammu invites e-tender for “Providing Services for Housekeeping /Cleaning of Washrooms (Under Annual Maintenance Contract) at Main Office Building and Annexe Building, RBI Jammu (from April 01, 2021 to March 31, 2022)”. The e-tendering shall be done through the e-tendering portal of MSTC Ltd. (https://www.mstcecommerce.com/eprochome/rbi/). All eligible and interested companies / agencies / firms 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 follows:

Estimated cost of the work	₹ 40,00,000 (Rupees Forty Lakh only)
Online application form available from	February 03, 2021, 0800 hours onwards
Last date and time for submission of online application	March 03, 2021 up to 1700 hours.
Date of opening of the online applications (Part-I)	March 04, 2021 at 1100 hours

Regional Director

Date: 03.02.2021

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Reserve Bank of India – Press Releases

February 3, 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)	4,43,529.25	3.18	0.01-5.30
I. Call Money	10,036.54	3.20	1.90-3.55
II. Triparty Repo	3,52,444.55	3.21	2.90-3.35
III. Market Repo	80,518.16	3.05	0.01-3.38
IV. Repo in Corporate Bond	530.00	3.62	3.30-5.30
B. Term Segment
I. Notice Money**	158.30	3.06	2.50-3.40
II. Term Money^@@	123.00	–	3.05-3.45
III. Triparty Repo	417.00	3.17	3.17-3.17
IV. Market Repo	325.00	2.05	2.00-2.70
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) Repo
(ii) Reverse Repo	Tue, 02/02/2021	1	Wed, 03/02/2021	5,79,114.00	3.35
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo	–	–	–	–	–
3. MSF	Tue, 02/02/2021	1	Wed, 03/02/2021	1.00	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 (-)]*				-5,79,113.00
II. Outstanding Operations
1. Fixed Rate
(i) Repo
(ii) Reverse Repo
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo	Fri, 29/01/2021	14	Fri, 12/02/2021	2,00,007.00	3.54
(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^$				29,770.06
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*				-93,139.94
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*				-6,72,252.94
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on		02/02/2021		4,39,254.69
(ii) Average daily cash reserve requirement for the fortnight ending		12/02/2021		4,44,286.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on^¥		02/02/2021		0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on		15/01/2021		8,08,585.00
^@ 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.
Ajit Prasad Director
Press Release : 2020-2021/1035

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Reserve Bank of India – Tenders

February 2, 2021 root Tenders

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Regional Director, Reserve Bank of India, Chandigarh invites e-Tender for Supply of Mazdoors (Labourers) from reputed and experienced Labour Contractors (with at least 3 years’ experience) for the period April 01, 2021 to March 31, 2022.

2. The e-Tender along with the detailed tender notice is available at MSTC website https://www.mstcecommerce.com/eprochome/rbi and the website of the Bank at https://www.rbi.org.in.

3. All interested bidders must register themselves with MSTC through the above referred website to participate in the e-Tendering process.

4. The estimated cost of work is ₹ 25 lakh (approx.), however, the actual cost may vary.

5. The schedule for the e-Tendering process is as under:

	e- Tender Schedule	Schedule Date and Time
1	e-Tender view date at MSTC website	February 02, 2021 (Tuesday) onwards
2	Date of starting of e-Tender	February 02, 2021 (Tuesday) onwards
3	Pre Bid Meeting (optional)	February 11, 2021 (Thursday) at 11.00 AM Issue Department, 1st Floor Reserve Bank of India Central Vista, Sector 17 Chandigarh – 160 017
4	Last date of submission of e-Tender	February 23, 2021 (Tuesday) upto 04.00 PM
5	Date of opening of Part – I	February 23, 2021 (Tuesday) at 4.00 PM

6. 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 reserves the right to accept or reject any or all e-tenders without assigning any reason thereof.

Note: All the tenderers may please note that any amendments / corrigendum to the e-Tender, if issued in future, will only be notified on the website of RBI and MSTC as given above and will not be published in the newspaper.

Regional Director
Reserve Bank of India
Chandigarh

February 02, 2021

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Reserve Bank of India – Tenders

February 2, 2021 root Tenders

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Regional Director, Reserve Bank of India, Chandigarh invites e-Tender through MSTC for supply of sufficient number of fully covered container trucks/vehicles for transportation of Coins from RBI, Chandigarh to various currency chests and other places in the States of Punjab, Haryana, Himachal Pradesh & U.T. Chandigarh and. The period of contract will be initially for one year i.e. from April 01, 2021 to March 31, 2022 and extendable for 2 more years (for one year at once) on satisfactory performance & mutual agreement. The e-Tender along with the detailed tender notice is available at MSTC site https://www.mstcecommerce.com/eprochome/rbi and the website of the RBI at https://www.rbi.org.in under the menu “Tenders”.

2. All interested bidders must register themselves with MSTC through the above referred website to participate in the e-Tendering process.

3. The estimated cost of the work is ₹25 lakh (approx.), however the actual amount may vary.

4. The schedule for the e-Tendering process is as under:

e-Tender Schedule	Schedule Date
e-Tender view date at MSTC website	February 02, 2021 (Tuesday) onwards
Offline Pre- Bid Meeting (optional)	11.02.2021 (Thursday, 12.00 hrs)
Start Bid Date	02.02.2021
Last date of submission of EMD	23.02.2021 (Tuesday, 16:00 hrs)
Last date of submission of e-Tender	23.02.2021 (Tuesday, 14:00 hrs)
Date of opening of Part-I (Technical Bid)	23.02.2021 (Tuesday, 16:00 hrs)

5. The Part-II i.e. price bid will be opened on the same day or at a later date as intimated by the Bank in respect of only those contractors/bidders who satisfies all criteria stipulated in Part-I. The Bank reserves the right to accept or reject any or all e-Tenders without assigning any reasons thereof.

Note: All the tenderers may please note that any amendments / corrigendum to the e-Tender, if issued in future, will only be notified on the RBI and MSTC Website as given above and will not be published in the newspaper.

Regional Director
Chandigarh

February 02, 2021

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Reserve Bank of India – Press Releases

February 2, 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 – Tenders

February 2, 2021 root Tenders

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Reserve Bank of India, Thiruvananthapuram invites e- tender for the captioned work from Bank’s empanelled vendors/contractors under the captioned category of the work costing between ₹ 10 Lakh and ₹ 25 lakh. The tendering would be done through the e-Tendering portal of MSTC Ltd (https://www.mstcecommerce.com/eprochome/rbi). All interested empanelled vendors /contractors 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:

a. Name of Work	Renovation of Selected portion of Second Floor of Main Office Building, Reserve Bank of India, Thiruvananthapuram
b. e-Tender no	RBI/Thiruvananthapuram/Estate/341/20-21/ET/499
c. Estimated Cost	Rs 17.68 lakhs
d. Mode of Tender	e-Procurement System (Online Part I – Techno-Commercial Bid and Part II – Price Bid through https://www.mstcecommerce.com/eprochome/rbi)
e. Earnest Money Deposit(EMD)	₹ 35,360/- (Thirty-Five thousand Three hundred and Sixty only) in the form of DD or BG, in favour of Reserve Bank of India, Thiruvananthapuram to be delivered in physical form at Estate Dept., Reserve Bank of India, Bakery Junction, Thiruvananthapuram – 695033 OR ₹ 35,360/- (Thirty-Five thousand Three hundred and Sixty only) towards Beneficiary Name: ESTATEMOB Beneficiary Ac No: 8614038 IFSC Code : RBIS0THPA01 (5th and 10th character: zero)
f. Date of NIT available to parties to download	17:00 Hrs on February 02, 2021
g. Date of Pre-Bid Meeting	11:00 Hrs on February 08, 2021
h. Date of starting of e-Tender for submission of Techno-Commercial Bid and price Bid in MSTC Portal	17:00 Hrs on February 08, 2021
i. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid	14:00 Hrs on February 17, 2021
j. Last date of submission of EMD	13:00 Hrs on February 17, 2021
k. Date & time of opening of tender	15:00 Hrs on February 17, 2021
l. Transaction Fee	To be charged by MSTC Ltd.

Amendments / Corrigendum to the tender, if any, issued in future will only be notified on the RBI Website and MSTC Website and will not be published in any newspaper.

Regional Director
(Kerala and Lakshadweep)

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Reserve Bank of India – Press Releases

February 2, 2021 root Press Releases

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The Reserve Bank of India (RBI) has, by orders dated January 29, 2021 imposed monetary penalties on the following co-operative banks for contravention of/non-compliance with the directions issued by RBI on “Exposure Norms and Statutory/Other Restrictions-UCBs”:

Sl. No.	Name of the Bank	Penalty Amount (₹ In lakh)
1	Konnagar Samabaya Bank Limited, Hoogly, West Bengal	2.00
2	The Santragachi Co-operative Bank Limited, Howrah, West Bengal	2.00

The penalties have 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 banks to adhere to the prudential limits on gross and counterparty inter-bank exposures contained in the aforesaid directions issued by RBI.

The violations of the Reserve Bank directions were revealed during the inspection of the above mentioned banks with reference to their financial position as on March 31, 2019. Taking note of the violations, notices were issued to the banks advising them to show cause as to why penalty should not be imposed for contravention of/ non-compliance with the directions. The banks’ replies and additional submissions made in writing/during the personal hearing were considered, and RBI came to the conclusion that the aforesaid charges of contravention of/ non-compliance with RBI directions were substantiated and warranted imposition of monetary penalty.

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 banks with their customers.

(Yogesh Dayal)
Chief General Manager

Press Release: 2020-2021/1033

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