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Reserve Bank of India – Press Releases

January 13, 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)	408,569.75	3.15	1.00-5.30
I. Call Money	9,000.97	3.19	1.90-3.50
II. Triparty Repo	304,835.65	3.14	2.96-3.22
III. Market Repo	93,533.13	3.18	1.00-3.35
IV. Repo in Corporate Bond	1,200.00	3.39	3.30-5.30
B. Term Segment
I. Notice Money**	94.00	2.98	2.50-3.25
II. Term Money^@@	436.00	–	3.15-3.40
III. Triparty Repo	310.00	3.10	3.10-3.10
IV. Market Repo	525.00	2.28	1.95-2.90
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, 12/01/2021	1	Wed, 13/01/2021	6,59,817.00	3.35
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo	–	–	–	–	–
3. MSF	Tue, 12/01/2021	1	Wed, 13/01/2021	3.00	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 (-)]*				-6,59,814.00
II. Outstanding Operations
1. Fixed Rate
(i) Repo
(ii) Reverse Repo
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo
(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^$				33,592.17
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*				110,689.17
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*				-5,49,124.83
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on		12/01/2021		4,31,998.97
(ii) Average daily cash reserve requirement for the fortnight ending		15/01/2021		441,636.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on^¥		12/01/2021		0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on		18/12/2020		815,721.00
^@ 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 : 2020-2021/931

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Reserve Bank of India – Tenders

January 12, 2021 root Tenders

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Tender No: RBI/KANPUR/DIT/11/20-21/ET/427

Regional Director, Reserve Bank of India, Kanpur invites e-Tender through MSTC for Supply and Installation of Laptops at RBI, Kanpur. 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 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 purchase is ₹6.15 lakh (approx.), however the actual amount may vary.

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

a. Name of Work	Supply and installation of Laptops at Reserve Bank of India, Kanpur.
b. E-Tender No.	RBI/KANPUR/DIT/11/20-21/ET/427
c. Mode of tender	e-Procurement System (Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi)
d. Date of NIT available to parties to download (Notice for Inviting Tender)	January 12, 2021 after 17.30 Hrs.
e. Clarification, if any, may be sent to ditkanpur@rbi.org.in	Last date of receipt – January 22, 2021 upto 17.00
h. Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid at www.mstcecommerce.com/eprochome/rbi	January 12, 2021 after 17.30 Hrs.
i. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid	January 27, 2021 up to 17.00 Hrs.
j. Date & time of opening of Part-I (i.e. Technical Bid) Part-II Price Bid: Date of opening of Part II i.e. price bid	January 28, 2021 at 11.00 Hrs. January 28, 2021 at 11.30 Hrs.
k. Transaction Fee	Payment of transaction fees will be paid online through MSTC payment gateway.

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
Reserve Bank of India
Kanpur
Date: January 12, 2021

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Reserve Bank of India – Press Releases

January 12, 2021 root Press Releases

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The Reserve Bank of India (RBI) has, by an order dated January 12, 2021, imposed a monetary penalty of ₹2 crore (Rupees Two Crore only) on Deutsche Bank AG (the bank) for non-compliance with certain provisions of directions issued by RBI contained in the “Reserve Bank of India (Interest Rate on Deposits) Directions, 2016”. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949.

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Background

The statutory inspection of the bank with reference to its financial position as on March 31, 2019 and the Risk Assessment Report pertaining thereto revealed, inter-alia, non-compliance with above-mentioned directions issued by RBI. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions. After considering the bank’s reply to the notice, oral submissions made in the personal hearing and examination of additional submissions, RBI concluded that the charge of non-compliance with aforesaid RBI directions was substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)
Chief General Manager

Press Release: 2020-2021/930

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Corrigendum – Request for Proposal (RFP) for RBI Website & Mobile App – Redesign and Development

January 12, 2021 root Tenders

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E-tender No. – RBI/Central Office/DOC/7/20-21/ET/337

Please refer to the RFP notice for the captioned RFP published on the RBI Website on December 03, 2020 inviting application from bidders shortlisted during EOI stage, through e-tender on MSTC Portal (https://www.mstcecommerce.com/eprochome/rbi/).

2. The following sections have been revised and the modified provisions are tabled below:

Sr. No.	Section	Existing Provision	Modified Provision
1	Warranty Pay-outs (8.3 Page 112)	Amount payable during the warranty period, following successful implementation of application, will be paid on completion of warranty period of three (3) years.	Amount payable during the warranty period, following successful implementation of application, will be paid at the end of every quarter for three years, subject to meeting expected service levels during the quarter.
2	AMC Pay-outs (8.4 Page 112)	The annual amount payable towards AMC would be paid at the end of every year following successful implementation of the application and delivery of satisfactory services.	The amount payable towards AMC would be paid at the end of each quarter for four years after the warranty period following successful implementation of the application and delivery of satisfactory services.
3	Software Cost (8.1 Page 110)	Reads as ‘8.1 Software Cost – Payment Milestones’	‘Software Cost’ heading is deleted and to be read as ‘8.1 Payment Milestones’.
4	Schedule (page 10)	Date & Time of Final Submission of Technical & Commercial Bids on the MSTC Portal: January 15, 2021; 15:00 hours. Date and Time of Technical Bid Opening: January 18, 2021; 15:00 hours.	Date and Time of Final Submission of Technical and Commercial Bids on MSTC Portal: January 28, 2021; 1500 hrs Date and Time of Technical Bid Opening: January 29, 2021; 1500 hrs

Note: All other provisions and terms and conditions of the RFP remain unchanged.

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Reserve Bank of India – Press Releases

January 12, 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 – Press Releases

January 12, 2021 root Press Releases

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The Reserve Bank of India has launched the 52nd round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period October-December 2020 (Q3:2020-21).

The Reserve Bank has been conducting the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008. The information collected in the survey includes quantitative data on new orders received during the reference quarter, backlog of orders at the beginning of the quarter, pending orders at the end of the quarter, total inventories with a breakup between work-in-progress (WiP) and ﬁnished goods (FG) inventories at the end of the quarter and item-wise production in terms of quantity and value during the quarter vis-à-vis the installed capacity from the targeted group. The level of capacity utilisation (CU) is estimated from these responses. The survey provides valuable input for monetary policy formulation.

The survey findings are released on the website of the bank regularly. The latest results pertaining to the quarter July-September 2020 will be released shortly.

During this quarter, selected manufacturing companies will be approached by the Bank. Other manufacturing companies may also participate in the survey by downloading the survey questionnaire from the Reserve Bank’s website https://www.rbi.org.in. The survey questionnaire is placed under the head ‘Forms’ (available under the ‘More Links’ at the bottom of the home page) and sub-head ‘Survey’. The duly authenticated filled-in survey schedule may be e-mailed as per contact details provided in the survey schedule.

Company level data are treated as confidential and never disclosed.

In case of any query/clarification, kindly contact us at the following address:

The Director, Division of Enterprise Surveys, Department of Statistics and Information Management, Reserve Bank of India, C-8, 2nd floor, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051, Phone – 022-26578235/279; Please click here to send email.

Ajit Prasad
Director

Press Release: 2020-2021/928

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Reserve Bank of India – Press Releases

January 12, 2021 root Press Releases

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Sr. No.	State	Notified amount (₹ Cr)	Amount Accepted (₹ Cr)	Cut off Yield (%)	Tenure (Yrs)
1	Andhra Pradesh	1,000	1,000	6.63	16
2	Assam*	500	0	NA	4
2	Assam*	500	0	NA	10
3	Bihar	2,000	2,000	5.72	5
4	Chhattisgarh	1,000	1,000	5.97	6
5	Mizoram	90	90	6.64	11
6	Punjab	500	500	6.63	30
7	Rajasthan	1,000	1,000	6.61	10
8	Sikkim	204	204	6.64	10
9	Tamil Nadu	2,000	2,000	6.57	10
10	Uttar Pradesh	2,500	2,500	6.61	10
11	West Bengal	2,000	2,000	6.63	20
	Total	13,294	12,294
* Assam has not accepted any amount in today’s auction.

Ajit Prasad
Director

Press Release: 2020-2021/927

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Reserve Bank of India – Press Releases

January 12, 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)	4,17,290.97	3.21	1.00-3.50
I. Call Money	9,528.35	3.19	1.90-3.50
II. Triparty Repo	3,29,217.05	3.20	3.04-3.36
III. Market Repo	78,545.57	3.25	1.00-3.37
IV. Repo in Corporate Bond	0.00		–
B. Term Segment
I. Notice Money**	735.37	3.16	2.50-3.40
II. Term Money^@@	145.00	–	3.30-3.40
III. Triparty Repo	225.00	3.14	3.10-3.18
IV. Market Repo	150.00	2.50	2.50-2.50
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	Mon, 11/01/2021	1	Tue, 12/01/2021	6,55,478.00	3.35
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo	–	–	–	–	–
3. MSF	Mon, 11/01/2021	1	Tue, 12/01/2021	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 (-)]*				-6,55,478.00
II. Outstanding Operations
1. Fixed Rate
(i) Repo
(ii) Reverse Repo
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo
(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^$				33,592.17
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*				1,10,689.17
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*				-5,44,788.83
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on		11/01/2021		4,33,754.90
(ii) Average daily cash reserve requirement for the fortnight ending		15/01/2021		4,41,636.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on^¥		11/01/2021		0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on		18/12/2020		8,15,721.00
^@ 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 : 2020-2021/926

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Reserve Bank of India – Press Releases

January 11, 2021 root Press Releases

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Government of India has been undertaking conversion or switch operations with market participants as well as with the Reserve Bank with the objective of smoothening the liability profile as well as for market development. As a part of these operations, Government has today done a conversion transaction with the Reserve Bank for an amount of ₹35,142.399 crore (Face Value). The transaction involved buying back securities maturing in FY 2023-24 from the Reserve Bank and issuing fresh securities for equivalent market value, to make the transaction cash neutral. The transactions were carried out using Financial Benchmarks India Pvt Ltd. (FBIL) prices as on January 8, 2021. The details are as below:

Security bought back by the Government from RBI	Amount (Face Value) (₹ in crore)	FBIL Price of the security bought back by Govt (₹)	Security issued by the Government to RBI	Amount (Face Value) (₹ in crore)	FBIL Price of the security issued by Govt (₹)
6.30% GS 2023	290.000	104.55	6.57% GS 2033	294.221	103.05
7.37% GS 2023	4,205.000	106.88	6.57% GS 2033	4361.284	103.05
6.17% GS 2023	2,000.000	104.48	6.57% GS 2033	2027.753	103.05
8.83% GS 2023	14,357.779	111.94	6.57% GS 2033	15596.407	103.05
7.32% GS 2024	14,289.620	108.27	6.22% GS 2035	15516.369	99.71

(Yogesh Dayal)
Chief General Manager

Press Release: 2020-2021/925

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Reserve Bank of India – Tenders

January 11, 2021 root Tenders

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A pre-bid meeting for Design, Supply, Installation, Testing and Commissioning of 2X 20 KVA Uninterrupted Power Supply System in N+1 Parallel Redundant Mode was held on January 07, 2021 at 11:00 hours in Conference Hall at RBI, Dehradun.

2. The list of participants is as under:

RBI, Dehradun
1.	Shri Moti Lal, AGM, Estate
2.	Shri Khemchand, AM-Tech
3.	Smt. Smriti Gupta, AM
4.	Shri Mohit Chauhan, Assistant

List of vendors
Sr. No.	Name of firm	Name of representatives
1.	K.B. Electronics	Shri Binoy Mathew
2.	Arvind Enterprises	Arvind Kumar and Nitish Bhardwaj
3.	Numeric Legrand	Aditya Kumar
4.	Harmohan Singh	J P Sales

3. The following queries/ suggestions were raised by the vendors-

Sr. No.	Queries	Clarifications furnished by the Bank
1.	Whether the Type of batteries as mentioned at page 50 of tender document is “SMF and Fire-Retardant Casing” or “SMF with Fire Retardant Casing”?	Batteries shall be SMF with fire retardant casing.
2.	VAH for batteries is not mentioned in the tender document. The vendors accordingly requested to mention the VAH for batteries to help them arrive at a common platform enabling them to bid.	Voltage and AH rating of each battery, VAH of each battery Bank shall be mentioned by the bidder (as per the design) in the Technical data to be furnished by the bidder (as requested by RBI in the Tender). Each battery bank shall provide 30 min. back up for 20 KVA full load and battery backup calculation shall be furnished by the bidder.
3.	Vendors suggested to mention requirement of OEM certification for batteries.	OEM certification is required to be furnished by the bidder for the make, FR casing and type of battery offered in the Tender.
4.	Vendors suggested that Page No. 44 & 48 of the tender document mentions only about External isolation transformers. Vendors however suggested the same may be inbuilt to reduce consumption of space.	Isolation Transformer shall be provided either externally or inbuilt to the UPS as per the standard design of the OEM. Both external and inbuilt Isolation Transformer options are accepted.
5.	Vendors enquired if copper winding in isolation transformer can be replaced with aluminium winding with copper coating as mentioned in Page 48.	Please follow the Tender for winding of isolation transformer.
6.	Vendors suggested to include dust filter in UPS so that the maintenance of the system becomes smoother	Shall be as per OEM’s design of UPS for dust filter.

Note: This document shall form part and parcel of the tender. Hence, shall be signed and submitted along with the tender by the tenderers. All the other Commercial & Technical terms & conditions will be as per the tender document

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