Reserve Bank of India – Tenders

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Reserve Bank of India, Bengaluru Regional Office invites E-tenders under Two – Bid system [Part-I (Technical Bid) & Part-II (Financial Bid)] for deployment of 03 Fire Supervisor and 06 Fire men at Bank’s Main office premises.

2. Last date for submission of e-tender on MSTC (https://www.mstcecommerce.com) is February 23, 2021 before 1000 hours. Tender will be opened electronically by the Tender Committee in the presence of tenderers or their authorized representatives (who wish to be present on the same day at 1500 hrs at HRMD, RBI, 10/3/8, Nrupathunga Road, Bengaluru 560001). In case of any holiday on the day of opening, the tenders will be opened on the next working day at the same time but the tender shall be closed for bidding on February 23, 2021 at 1000 hrs, as scheduled above. No tender by FAX/E-Mail/Telephone will be entertained. The Bank reserves the right to reject any or all the tenders without assigning any reason thereof.

Regional Director

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Reserve Bank of India – Tenders

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Reserve Bank of India, Chennai invites E-Tender for 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

E-tender No. RBI/Chennai/Estate/336/20-21/ET/487
Name of work 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
Mode of Tender e-Procurement System (Online Part I – Techno-Commercial Bid and Part II – Price Bid through (www.mstcecommerce.com/eprochome/rbi) Guidelines for e-tender has been provided as Annexure – I.
Date of NIT available to parties to download 17:00 Hrs of January 29, 2021
Earnest Money Deposit Rs.13,800/- from each bidder
Date of starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid at (www.mstcecommerce.com/eprochome/rbi) 17:00 Hrs. on January 29, 2021
Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid. 15:00 Hrs on February 19, 2021
Date & time of opening of Tender Part I (Techno-Commercial Bid) of the tender shall be opened at 16:00 Hrs on February 19, 2021. Part II (Price Bid) shall be opened on a later date which shall be intimated to the bidders.
Transaction Fee Payment of Transaction Fee as mentioned in the MSTC portal through MSTC payment gateway / NEFT / RTGS in favour of MSTC Limited.

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Reserve Bank of India – Tenders

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e-Tender No.: RBI/Belapur/Estate/67/20-21/ET/111

Attention is invited to the captioned e-tender No. RBI/Belapur/Estate/67/20-21/ET/111. This e-tender was floated on September 1, 2020 under the “Tenders” link of RBI website (www.rbi.org.in) and MSTC portal (www.mstcecommerce.com).

2. The captioned tender stands cancelled. A fresh tender will be uploaded on RBI website as well as MSTC Portal shortly. Firms who had deposited EMD with RBI, Belapur for the captioned tender shall get their EMD refund shortly.

Chief General Manager
Reserve Bank of India, CBD Belapur
Navi Mumbai

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Reserve Bank of India – Tenders

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The Pre-Bid meeting for the captioned tender was held on January 28, 2021 at 11.00 A.M in conference room, Estate Office, MRO. The meeting was chaired by Shri Ramesh J. Mane, Assistant Manager(Tech) and officials of Estate office, Shri Anand Mahadevan, Asst. Manager also attended the meeting. One firm namely M/s Reddonatura India Pvt Ltd. participated in the pre-bid meeting.

2. All the terms and conditions were explained to the firm and no specific query was raised by the firm and the firm has agreed with the tender terms and conditions.

3. Meeting ended with Thanks

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Reserve Bank of India – Press Releases

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Today, the Reserve Bank of India (RBI) has, vide order dated January 28, 2021 cancelled the licence of Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra. Consequently, the bank ceases to carry on banking business, with effect from the close of business on January 29, 2021. The Commissioner for Cooperation and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

The Reserve Bank cancelled the licence of the bank as:

  1. The bank does not have adequate capital and earning prospects. As such, it does not comply with the provisions of section 11(1) and section 22 (3) (d) read with section 56 of the Banking Regulation Act, 1949.

  2. The bank has failed to comply with the requirements of section 22(3) (a), 22 (3) (b), 22(3)(c), 22(3) (d) and 22(3)(e) read with section 56 of the Banking Regulation Act, 1949;

  3. The continuance of the bank is prejudicial to the interests of its depositors;

  4. The bank with its present financial position would be unable to pay its present depositors in full; and

  5. Public interest would be adversely affected if the bank is allowed to carry on its banking business any further.

2. Consequent to the cancellation of its licence, Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra is prohibited from conducting the business of ‘banking’ which includes acceptance of deposits and repayment of deposits as defined in Section 5(b) read with Section 56 of the Banking Regulation Act, 1949 with immediate effect.

3. With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of Shivam Sahakari Bank Ltd, Ichalkaranji, Kolhapur, Maharashtra as per the DICGC Act, 1961 will be set in motion. As per the data submitted by the bank, more than 99% of the depositors are fully insured by Deposit Insurance and Credit Guarantee Corporation (DICGC). On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to a monetary ceiling of ₹5,00,000/- (Rupees Five lakh only) from the DICGC subject to the provisions of the DICGC Act, 1961.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1019

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Reserve Bank of India – Tenders

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E-Tender No.: RBI/Thiruvananthapuram/HRMD/33/20-21/ET/422

The Pre-bid meeting for the captioned tender was held on January 20, 2021 from 11.00 hours to 12.00 hours through Webex Meeting, chaired by Shri S Sankar, Assistant General Manager. Officials from Human Resource Management Department, Protocol & Security Cell and representatives of various prospective bidders participated in the meeting.

Shri S Sankar, Assistant General Manager welcomed all participants (List attached – Annexure P) to the meeting and invited queries from the prospective bidders regarding the captioned tender.

The queries raised by the prospective bidders during the meeting, over telephone and email along with the Bank’s clarifications, comments, corrections and additions are tabulated below.

No Query Clarification, Comments, Corrections and Additions
1 Whether any relaxation for EMD eligible for MSME / NSIC certificate holders Bidders, irrespective of their category, are ineligible for relaxation in submission of Earnest Money Deposit (EMD).
2 Whether wages are to be paid to the staff based on DGR guidelines Para ‘4.15’ of the tender document may be referred to. Please keep in mind the latest DGR wage rates effective October 2020 while quoting rates. Please note that the Bank will obtain documentary proof of payment of DGR wages to their employees for processing contractor’s monthly invoices.
3 Whether the Bank reimburses revision in Minimum Wages as and when the Government of India revises Minimum Wages effective from April and October every year. Para ‘4.49’ of the tender document may be referred to for more details.
4 Whether the Bank reimburses the components that form part of the salary of employees viz. EPF, ESI, Bonus, etc. as and when the Government of India revises Minimum Wages effective from April and October every year. Para ‘4.49’ of the tender document may be referred to for more details.
5 How to quote rates in the Financial Bid

The rates (exclusive of GST) are to be quoted in lumpsum under the two rows/fields in the Bank’s e-procurement portal.

a) Serial No. ‘1’ of the Financial Bid is exclusively meant for quoting Basic Wages (BW) including Variable Dearness Allowance (VDA) per Annum for the unarmed security guards deployed for the entire 12 months based on the estimated annual duties. The bidders shall keep in mind the applicable minimum wages effective from October 2020. The current Basic wage plus VDA as notified by the Central Labour Commissionerate, Govt. of India under the category ‘WATCH AND WARD (without arms) for ‘Area B’ is ₹707.00 per duty. The bidders shall refer to Part-I of the document for more details.

b) Serial No. ‘2’ of the Financial Bid is exclusively meant for quoting Annual Service Charges of the bidder which shall also be inclusive of the following:

  1. All components of wage structure, excluding the charges for Basic Wages plus VDA components which must be quoted under Serial No. ‘1’, as per latest DGR notification available as on date (effective from October 2020).

  2. All statutory charges viz. Employer’s EPF and ESI contribution, Bonus to Employees, other DGR wage components, levies, duties, etc. and their possible escalation in future. The bidders shall keep in mind the applicable rates, limits and other criteria as per various statutes viz. Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, The Employees State Insurance Act, 1948, The Payment of Bonus Act, 1965, etc. and their rules, regulations, latest notifications, etc.

  3. All expenses related to the supply of all accessories / Uniform / duty mobile phone / equipment to be provided to the security guards.

  4. Overtime wages / charges, if any, payable.

  5. Overtime wages, if any, to be paid for deploying guards on specified National Holidays, etc.

  6. Any such expense which form part of the Contractor’s obligations as per the tender document or obligation(s) which is/are statutory in nature.

6 Provision of Mobile phones The contractor shall at their own cost provide a mobile phone each for the four colonies. The same shall be with the designated security guard posted at the colony for communicating by means of calls and/or messages with the authorized officials of the Bank. The mobile phones shall always be in active state, adequately charged and will be handed over to the next shift (i.e. it will always be at the place of duty). The Bank will not tolerate any misuse of mobile phone while on duty.
7 Relaxation of ex-servicemen criteria for Lady Guard to be deployed at Main Office Premises The contractor shall preferably deploy ex-service personnel as lady guard for the Bank’s Main Office Premises. However, the contractor can deploy properly trained ladies who are firm, disciplined, physically fit, alert and smartly dressed in proper and tidy uniform. The suitability of such lady guard who is not ex-service personnel, shall, however, be determined by the Bank.
8 Whether the bidders can offer ‘zero’ in any of the fields of the Price Bid Para ‘3.20’ of the tender document may be referred to. Bidders offering ‘zero’ or irrational quotes shall be liable for disqualification. However, variation in bidder’s offer from that of the Bank’s estimate with respect to any of the fields of Part-II – Financial Bid (Price Bid) due to difference in method of round-off or difference in method of estimation but adhering to the tender conditions, shall not be treated as an irrational quote.
9 Short description provided in the Financial Bid The description provided in the user interface of the Bank’s e-procurement portal, against the two price fields shall be considered as ‘short description’ due to character limit and symbol restriction. The bidders shall refer to Part-II-Financial Bid of the tender document for detailed information before quoting.
In continuation to the Bank’s clarification for Query No. ‘2’, it is further clarified that DGR wages as mentioned in the tender document represents all components ranging from serial numbers ‘(a)’ to ‘(j)’ for the category ‘Security Guard Without Arms (skilled) for ‘Area B’ of the latest DGR notification “NOTICE OF REVISION OF MINIMUM WAGES FOR ONE DAY W.E.F. 01 October 2020”. The limits, applicability, contribution/payment percentage, etc. shall be read in conjunction with latest rules / Acts / regulations and policies as promulgated by Competent Government Authority.

Shri Sabu S Rajan, Assistant Manager thanked all participants for attending the meeting. The Meeting came to an end at 12.00 hours

Regional Director for Kerala and Lakshadweep


Annexure P

List of Participants

SL No. Name of the Service Provider Name (s) of the Representative
1 Total Care Security Shri Baiju T R
2 Thunder Force Limited Shri Suresh Kumar
3 4M Security and Allied Service Pvt. Ltd. Shri Sasikumar K S
4 Devika Securities Shri Krishnan Nair
5 Private Eye Pvt. Ltd. Shri Sunny Mullackal

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Reserve Bank of India – Press Releases

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In terms of GoI notification F.No.4(4)-B(W&M)/2020 and RBI circular IDMD.CDD.No.730/14.04.050/2020-21, dated October 09, 2020, the Sovereign Gold Bond Scheme 2020-21 – Series XI will be open for subscription for the period from February 01, 2021 to February 05, 2021. The nominal value of the bond based on the simple average closing price [published by the India Bullion and Jewellers Association Ltd (IBJA)] for gold of 999 purity of the last three business days of the week preceding the subscription period, i.e. January 27 – 29, 2021 works out to ₹4,912/- (Rupees Four thousand nine hundred and twelve only) per gram of gold.

Government of India, in consultation with the Reserve Bank of India, has decided to offer a discount of ₹50/- per gram less than the nominal value to those investors applying online and the payment against the application is made through digital mode. For such investors, the issue price of Gold Bond will be ₹4,862/- (Rupees Four thousand eight hundred and sixty two only) per gram of gold.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/1018

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Reserve Bank of India – Tenders

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E-Tender No.: RBI/Thiruvananthapuram/HRMD/34/20-21/ET/423

The Pre-bid meeting for the captioned tender was held on January 20, 2021 from 15.00 hours to 16.00 hours through Webex Meeting, chaired by Shri S Sankar, Assistant General Manager. Officials from Human Resource Management Department, Protocol & Security Cell and representative of a prospective bidder participated in the meeting.

Shri S Sankar, Assistant General Manager welcomed the participant (List attached – Annexure P) to the meeting and invited queries from the prospective bidder regarding the captioned tender.

The queries raised by the prospective bidders during the meeting, over telephone and email along with the Bank’s clarifications, comments, corrections and additions are tabulated below.

No Query Clarification, Comments, Corrections and Additions
1 Whether any relaxation for EMD eligible for MSME / NSIC certificate holders Bidders, irrespective of their category, are ineligible for relaxation in submission of Earnest Money Deposit (EMD).
2 Whether wages are to be paid to the staff based on DGR guidelines Para ‘4.19’ of the tender document may be referred to. The latest DGR wage rates, which are effective from October 01, 2020, may be borne in mind while quoting rates. The documentary proof of payment of DGR wages to their employees will be obtained by the Bank for processing contractor’s monthly invoices. DGR wages as mentioned in the tender document represents all components ranging from serial numbers ‘(a)’ to ‘(j)’ for the category ‘Security Guard Without Arms (skilled) for ‘Area B’ of the latest DGR notification “NOTICE OF REVISION OF MINIMUM WAGES FOR ONE DAY W.E.F. 01 October 2020”. The limits, applicability and contribution/payment percentage, etc. shall be read in conjunction with latest rules / Acts / regulations and policies as promulgated by Competent Government Authority.
3 Whether the Bank reimburses revision in Minimum Wages as and when the Government of India revises Minimum Wages effective from April and October every year. Para ‘4.51’ of the tender document may be referred to for more details.
4 Whether the Bank reimburses the components that form part of the salary of employees viz. EPF, ESI, Bonus, etc. as and when the Government of India revises Minimum Wages effective from April and October every year. Para ‘4.51’ of the tender document may be referred to for more details.
5 How to quote rates in the Financial Bid

The rates (exclusive of GST) are to be quoted in lumpsum under the two rows/fields in the Bank’s e-procurement portal.

a) Serial No. ‘1’ of the Financial Bid is exclusively meant for quoting Basic Wages (BW) including Variable Dearness Allowance (VDA) per Annum for the firemen and supervisor deployed for the entire 12 months based on the estimated annual duties. The bidders shall keep in mind the applicable minimum wages effective from October 2020. The current Basic wage plus VDA as notified by the Central Labour Commissionerate, Govt. of India under the category ‘WATCH AND WARD (without arms) for ‘Area B’ is ₹707.00 per duty. The bidders shall refer to Part-I of the document for more details.

b) Serial No. ‘2’ of the Financial Bid is exclusively meant for quoting Annual Service Charges of the bidder which shall also be inclusive of the following:

  1. All components of wage structure, excluding the charges for Basic Wages plus VDA components which must be quoted under Serial No. ‘1’, as per latest DGR notification available as on date (effective from October 2020).

  2. All statutory charges viz. Employer’s EPF and ESI contribution, Bonus to Employees, other DGR wage components, levies, duties, etc. and their possible escalation in future. The bidders shall keep in mind the applicable rates, limits and other criteria as per various statutes viz. Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, The Employees State Insurance Act, 1948, The Payment of Bonus Act, 1965, etc. and their rules, regulations, latest notifications, etc.

  3. All expenses related to the supply of all accessories / Uniform / equipment to be provided to the firemen.

  4. Overtime wages / charges, if any, payable.

  5. Overtime wages, if any, to be paid for deploying guards on specified National Holidays, etc.

  6. Any such expense which form part of the Contractor’s obligations as per the tender document or obligation(s) which is/are statutory in nature.

6 Whether the bidders can offer ‘zero’ in any of the fields of the Price Bid Para ‘3.20’ of the tender document may be referred to. Bidders offering ‘zero’ or irrational quotes shall be liable for disqualification. However, variation in bidder’s offer from that of the Bank’s estimate with respect to any of the fields of Part-II – Financial Bid (Price Bid) due to difference in methods of round-off or difference in method of estimation but adhering to the tender conditions, shall not be treated as an irrational quote.
7 Short description provided in the Financial Bid The description provided in the user interface of the Bank’s e-procurement portal, against the two price fields shall be considered as ‘short description’ due to character limit and symbol restriction. The bidders shall refer to Part-II-Financial Bid of the tender document for detailed information before quoting.
8 Page 10 of tender document says that details of similar completed works (providing security guards) to be submitted. Please clarify.

Following corrections shall be noted by bidders before offering the quote:

  1. The words “security guards”, “guard” and “guards” appearing in para ‘2.4’, para ‘4.10’ and para ‘4.30’ of the tender document shall be replaced with the word “fire-staff” and read accordingly.

  2. The word “colonies” appearing in para ‘4.33’ of the tender document shall be replaced with the word “premises” and read accordingly.

  3. The word “colonies” appearing in para “4.10” of the tender document shall be deleted.

  4. The word “residential” appearing in para “4.24 (e)” of the tender document shall be deleted.

  5. The entire para ‘6.4’ of the tender document shall be replaced with the words “6.4. I/We shall provide fire security services by deploying requisite number of fire staff as and when required by the Bank.” and read accordingly.

  6. The entire para ‘6.5’ of the tender document shall be replaced with the words “6.5. I/We do hereby undertake that the fire security of the Bank’s Main Office Premises shall be ensured by us, as well as any other assignment considered by the Bank.” and read accordingly.

9 As per the gratuity Act, every employee who has worked for over 4.8 years will be eligible for the same. Whether RBI reimburses gratuity amount wherever applicable? Para ‘4.9’, para ‘4.30’ and para ‘6.3’ of the tender document may be referred to. It is reiterated that the personnel deployed by the contractor will be the employees of the contractor for all intents and purposes. They shall not have any claim or right against the Bank, nor can they claim any Association / rights as an employee of the Bank. Hence, the possible expense, if any, in this regard under Serial No. ‘2’ of the Financial Bid may be incorporated by the bidder.
10 We understand that the tender (contract) is for a period of one year extendable for a further period up to 2 years. We would like to know whether the said extension is on a mutually agreeable basis. Kindly explain the notice period the service provider will have to serve. Para ‘4.49’ and para ‘4.50’ of the tender document may be referred to.
11 Whether RBI will be compliant as per the wage code, 2019 that is coming into effect in the next couple of months? Para ‘4.9’, para ‘4.30’ and para ‘6.3’ of the tender document may be referred to. It is reiterated that the personnel deployed by the contractor will be the employees of the contractor for all intents and purposes. They shall not have any claim or right against the Bank, nor can they claim any Association / rights as an employee of the Bank. Hence, the possible expense, if any, in this regard under Serial No. ‘2’ of the Financial Bid may be incorporated by the bidder.
12 Please confirm whether casual leave as per act will be provided by RBI. Also, please confirm whether NFH (Double wages) will be provided by RBI Para ‘4.9’ and para ‘4.30’ of the tender document may be referred to. It is reiterated that the personnel deployed by the contractor will be the employees of the contractor for all intents and purposes. They shall not have any claim or right against the Bank, nor can they claim any Association / rights as an employee of the Bank. Hence, the possible expense, if any, in this regard may be incorporated under Serial No. ‘2’ of the Financial Bid by the bidder. The duties as per the scope of work shall be ensured by the contractor. Provision of Casual Leave, Overtime Wages, Double the wages for National / Festival holidays, etc. shall be the responsibility of the contractor based on applicable statutes and the deployment of adequate relievers shall be the responsibility of the contractor only. Any additional cost in this regard may be incorporated by the bidder under Serial No. ‘2’ of the Financial Bid.
13 Request to change the age limit criteria for Supervisors The firemen deployed shall not be above the age of sixty. Based on the market conditions pointing to limited availability of experienced supervisors, the Bank, based on the advice of its Security Officer (s), shall permit deployment of supervisors beyond the age of sixty considering their suitability, efficiency, experience and exposure in this field.

Shri Sabu S Rajan, Assistant Manager thanked all participants for attending the meeting. The Meeting came to an end at 16.00 hours

Regional Director for Kerala and Lakshadweep


Annexure P

List of Participants

SL No. Name of the Service Provider Name (s) of the Representative
1 Updater Service Private Limited Shri Sanjayanadh

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Reserve Bank of India – 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 03, 2021
(Wednesday)
February 04, 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 03, 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 04, 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).

Ajit Prasad
Director   

Press Release: 2020-2021/1017

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1. Reserve Bank of India – Liabilities and Assets*
(₹ Crore)
Item 2020 2021 Variation
Jan. 24 Jan. 15 Jan. 22 Week Year
1 2 3 4 5
4 Loans and Advances          
4.1 Central Government 24184 -24184
4.2 State Governments 3234 9955 5868 -4088 2634
* Data are provisional.

2. Foreign Exchange Reserves
Item As on January 22, 2021 Variation over
Week End–March 2020 Year
₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn.
1 2 3 4 5 6 7 8
1 Total Reserves 4271528 585334 2383 1091 669373 107527 942898 118641
1.1 Foreign Currency Assets 3956665 542192 -229 685 622850 99979 868893 109273
1.2 Gold 266058 36459 2560 398 35531 5880 61247 7743
1.3 SDRs 11038 1513 -8 1 238 80 748 70
1.4 Reserve Position in the IMF 37767 5171 61 7 10754 1588 12010 1555
* Difference, if any, is due to rounding off

4. Scheduled Commercial Banks – Business in India
(₹ Crore)
Item Outstanding as on Jan. 15, 2021 Variation over
Fortnight Financial year so far Year-on-year
2019-20 2020-21 2020 2021
1 2 3 4 5 6
2 Liabilities to Others            
2.1 Aggregate Deposits 14624957 -93114 552823 1057465 1140621 1498362
2.1a Growth (Per cent)   –0.6 4.4 7.8 9.5 11.4
2.1.1 Demand 1573361 -47184 -177304 -43642 117165 239378
2.1.2 Time 13051596 -45930 730127 1101107 1023456 1258984
2.2 Borrowings 244418 -8737 -68092 -65020 -51445 -65744
2.3 Other Demand and Time Liabilities 570157 -77813 -28034 -33519 25778 54545
7 Bank Credit 10640563 -55765 231920 269703 671088 636921
7.1a Growth (Per cent)   –0.5 2.4 2.6 7.2 6.4
7a.1 Food Credit 86950 -5595 40491 35186 11153 4849
7a.2 Non-food credit 10553613 -50171 191429 234517 659935 632072

6. Money Stock: Components and Sources
(₹ Crore)
Item Outstanding as on Variation over
2020 2021 Fortnight Financial Year so far Year-on-Year
2019-20 2020-21 2020 2021
Mar. 31 Jan. 15 Amount % Amount % Amount % Amount % Amount %
1 2 3 4 5 6 7 8 9 10 11 12
M3 16799963 18239236 -52481 -0.3 785537 5.1 1439273 8.6 1458820 9.9 2021632 12.5
1 Components (1.1.+1.2+1.3+1.4)                        
1.1 Currency with the Public 2349748 2716961 42207 1.6 163306 8.0 367212 15.6 228781 11.5 501445 22.6
1.2 Demand Deposits with Banks 1737692 1695727 -47943 -2.7 -173393 -10.7 -41966 –2.4 123133 9.3 242607 16.7
1.3 Time Deposits with Banks 12674016 13783957 -46926 -0.3 794172 6.8 1109942 8.8 1099562 9.6 1268182 10.1
1.4 ‘Other’ Deposits with Reserve Bank 38507 42591 181 0.4 1452 4.6 4084 10.6 7344 28.4 9398 28.3
2 Sources (2.1+2.2+2.3+2.4-2.5)                        
2.1 Net Bank Credit to Government 4960362 5718167 -105724 -1.8 611398 13.9 757805 15.3 567010 12.8 718280 14.4
2.1.1 Reserve Bank 992192 1051665 -50388   268067   59473   205958   -18353  
2.1.2 Other Banks 3968170 4666502 -55336 -1.2 343331 9.6 698332 17.6 361052 10.1 736633 18.7
2.2 Bank Credit to Commercial Sector 11038644 11298773 -55887 -0.5 282829 2.7 260129 2.4 736691 7.4 633225 5.9
2.2.1 Reserve Bank 13166 9341 -2155   -9127   -3825   -2042   3105  
2.2.2 Other Banks 11025478 11289433 -53732 -0.5 291956 2.8 263954 2.4 738733 7.4 630120 5.9

8. Liquidity Operations by RBI
(₹ Crore)
Date Liquidity Adjustment Facility MSF* Standing Liquidity Facilities Market Stabi lisation Scheme OMO (Outright) Long Term Repo Opera tions & Targeted Long Term Repo Opera tions# Special Liquidity Facility for Mutual Funds Special Liquidity Scheme for NBFCs/ HFCs** Net Injection (+)/ Absorption (-) (1+3+5+6+9+ 10+11+12+ 13-2-4-7-8)
Repo Reverse Repo* Variable Rate Repo Variable Rate Reverse Repo Sale Pur chase
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Jan. 18, 2021 438666 121 -438545
Jan. 19, 2021 451593 31 2895 -448667
Jan. 20, 2021 415601 22 -415579
Jan. 21, 2021 428965 0 –834 -429799
Jan. 22, 2021 409837 10 10000 -399827
Jan. 23, 2021 2286 35 -2251
Jan. 24, 2021 5795 79 -5716
*Includes additional Reverse Repo and additional MSF operations (for the period December 16, 2019 to February 13, 2020)
#Includes Targeted Long Term Repo Operations (TLTRO) and Targeted Long Term Repo Operations 2.0 (TLTRO 2.0). Negative (-) sign indicates repayments done by Banks.
**As per RBI Notification No. 2020-21/01 dated July 01, 2020. Negative (-) sign indicates maturity proceeds received for RBI’s investment in the Special Liquidity Scheme.
& Negative (-) sign indicates repayments done by Banks.

The above information can be accessed on Internet at https://wss.rbi.org.in/

The concepts and methodologies for WSS are available in Handbook on WSS (https://rbi.org.in/scripts/PublicationsView.aspx?id=15762).

Time series data are available at https://dbie.rbi.org.in

Ajit Prasad
Director   

Press Release: 2020-2021/1016

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