Category: RBI News

Reserve Bank of India – Press Releases

Press Releases

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Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, 8D Krishna Laha Lane, Kolkata – 700012, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on July 09, 2019 as modified from time to time which was last extended upto January 09, 2021. Reserve Bank of India has now, in public interest, further extended the Directions for a period of three months from January 10, 2021 to April 09, 2021. A copy of the Directive is displayed at bank’s premises for perusal of the public.

The issue of the above Directions by Reserve Bank of India should not per se be construed as cancellation of banking licence. The bank will continue to undertake banking business with restrictions till its financial position improves. Reserve Bank of India may consider modifications of these Directions depending upon circumstances from time to time.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/920

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Reserve Bank of India – Tenders

Tenders

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E-tender no. RBI/Guwahati/Guwahati/11/20-21/ET/417

Reserve Bank of India, Guwahati invites tenders for the above mentioned work.

The tender forms can be downloaded from https://www.rbi.org.in and https://www.mstcecommerce.com. Your tender, duly filled-in and e-signed, should be submitted by e-tendering only through https://www.mstcecommerce.com up to 14:00 hours on February 01, 2021.

1. Estimated cost: – ₹9,86,240/-

2. Earnest Money: – ₹19,725/-

3. Event View date & time: – 11.01.2021 from 11:00 hours.

4. Event start date & time: – 11.01.2021 at 11:00 hours.

5. Pre Bid Meeting: 18.01.2021 from 11:00 hours to 14:00 hours.

6. Event close date & time: – 01.02.2021 at 14:00 hours.

7. TOE start time: – 01.02.2021 at 15:30 hours.

8. Time allowed for completion of the work: 45 days from tenth day of issue of written order to commence the work.

Bank reserves the right to accept or reject any or all the tenders, either in whole or in part, without assigning any reasons for doing so.

Regional Director
Reserve Bank of India
Guwahati

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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) 4,16,151.92 3.21 0.01-3.50
     I. Call Money 9,773.43 3.18 1.90-3.50
     II. Triparty Repo 3,15,757.90 3.22 3.02-3.25
     III. Market Repo 90,120.59 3.20 0.01-3.35
     IV. Repo in Corporate Bond 500.00 3.35 3.35-3.35
B. Term Segment      
     I. Notice Money** 184.05 3.06 2.55-3.40
     II. Term Money@@ 38.00 – 3.25-3.30
     III. Triparty Repo 186.40 3.18 3.18-3.18
     IV. Market Repo 495.00 2.74 2.50-2.80
     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 Fri, 08/01/2021 3 Mon, 11/01/2021 6,69,422.00 3.35
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo – – – – –
3. MSF Fri, 08/01/2021 3 Mon, 11/01/2021 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 (-)]*		       -6,69,422.00  
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 (-)]*     -5,58,732.83  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 08/01/2021 4,52,435.03  
     (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¥ 08/01/2021 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 : 2020-2021/919

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Reserve Bank of India – Tenders

Tenders

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Reserve Bank of India, Bengaluru intends to prepare a panel of vendors for Sale of empty wooden boxes, steel strappings (Good and Rusted), Plastic Scrap, Dead wood Planks of Currency note packing boxes (Good and Damaged) from the RBI premises and repair of wooden boxes (service contract). The panel will be valid from April 01, 2021 to March 31, 2024.

Application form can be obtained from the General Manager, Issue Department, Reserve Bank of India, 10/3/8 Nrupthunga Road, Bengaluru, Karnataka-560001 from January 11, 2021, during office working hours from 10.00 A.M. to 5.00 P.M up to February 01, 2021, or may be downloaded from the RBI website (www.rbi.org.in under the menu “Tenders”). Last date for downloading of application form is February 01, 2021.

Duly completed application forms super-scribed “Application for empanelment of vendors for lifting of wooden, steel straps, plastic waste and repair of wooden boxes” may be submitted in sealed covers to the Regional Director, Reserve Bank of India, 10/3/8 Nrupthunga Road, Bengaluru, Karnataka-560001, not later than 5:00 PM on February 01, 2021.

Tenders will be opened on February 02, 2021, at 03:00 pm in the presence of the tenderers or their authorized representatives, who choose to be present. The Bank is not bound to accept the highest or any other tender and reserves the right to reject any or all applications/quotations without assigning any reason there for.

For any queries, please contact Records Section, Issue Department, Reserve Bank of India, at 080-22180108/ 22180111.

Regional Director
RBI, Bengaluru

January 10, 2021

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Reserve Bank of India – Tenders

Tenders

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RBI/Bengaluru/Issue/6/20-21/ET/412

Reserve Bank of India, Bengaluru invites e-Tender for Sale of Briquettes of Shredded Currency Notes from reputed and experienced contractors 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. under the menu ‘Tenders”.

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 ₹10 lakhs (approx.) per year, however, the actual amount may vary.

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

Sr. No. e-Tender Schedule Scheduled Date and Time
1) e-tender view date on MSTC Website From 10:00 AM of January 10, 2021 (Sunday) to February 01, 2021 (Monday) till 05:00 PM
2) Date of starting of e-tender January 10, 2021 (Sunday) at 10:00 AM
3) Last date of submission of e-tender February 01, 2021 (Monday) till 05:00 PM
4) Date of opening of Part-I Technical Bid February 02, 2021 (Monday) at 11:00 AM

6. The Bank is not bound to accept the highest 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
Bengaluru.

January 10, 2021

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Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India issued Directions to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive DOS.CO.UCB.BSD-III/D-2/12.23.283/2019-20 dated January 02, 2020, the validity of which was extended from time to time, last been vide Directive DOR.AID.No.D-02/12.23.283/2020-21 dated July 07, 2020 upto January 10, 2021.

2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive DOS.CO.UCB.BSD-III/D-2/12.23.283/2019-20 dated January 02, 2020, issued to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka, and as last modified vide Directive DOR.AID.No.D-02/12.23.283/2020-21 dated July 07, 2020. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive DOS.CO.UCB.BSD-III/D-2/12.23.283/2019-20 dated January 02, 2020 issued to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka, as modified vide Directive DOR.AID.No.D-02/12.23.283/2020-21 dated July 07, 2020, the validity of which was upto January 10, 2021, shall continue to apply to the bank for a further period of six months from January 11, 2021 to July 10, 2021, subject to review.

3. Other terms and conditions of the Directives under reference shall remain unchanged.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/918

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Reserve Bank of India – Tenders

Tenders

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E-tender- No: RBI/Kochi/Estate/298/20-21/ET/414

Reserve Bank of India, Kochi invites two-part tender by e-tender mode for Renovation of two Class III type flats and staircase area at Bank’s Staff Quarters, Kaloor, Kochi. The tendering would be done through the E-Tendering mode from empanelled contractors.

The Schedule of e-Tender is as follows:

a. E-Tender No. RBI/Kochi/Estate/298/20-21/ET/414
b. Name of work: Renovation of two Class III type flats and staircase area at Bank’s Staff Quarters, Kaloor, Kochi
c. Mode of Tender e-Procurement System Online (Part I – Techno-Commercial Bid and Part II – Financial Bid through MSTC portal (https://www.mstcecommerce.com/eprochome/rbi)
d. Date of NIT available to the parties to download / View Tender Time 10:00 Hrs of January 09, 2021 onwards
e. Estimated cost of work (for an year) ₹ 8,90,000/- (Rupees Eight lakh Ninety thousand only) inclusive of GST
f. Earnest Money Deposit (EMD) Shall be collected from successful bidder @2% of the Contract value of work, on awarding the work.
g. Bidding start date of Techno-Commercial Bid and Financial Bid at https://mstcecommerce.com/eprochome/rbi 10:00 Hrs. of January 09, 2021
h. Date of closing of online e-Tender for submission of Techno-Commercial Bid & Financial Bid 10:00 Hrs. of January 25, 2021
i. Date & time of opening of
Part-I (i.e. Techno-Commercial Bid) 		11:00 Hrs. of January 25, 2021
j. Date & Time of opening of Part- II (Financial Bid) On same day above or subsequent day which will be intimated to all the bidders later
k. Transaction Fee Amount as advised by M/s MSTC Ltd.

(Vijay Kumar Nayak)
General Manager (O-i-C)
Reserve Bank of India
Kochi
January 09, 2021

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Reserve Bank of India – Notifications

Notifications

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RESERVE BANK OF INDIA
FOREIGN EXCHANGE DEPARTMENT
CENTRAL OFFICE
MUMBAI 400 001

Notification No. FEMA 23(R)/(4)/2021-RB

January 08, 2021

Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021

In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of section 7 and clause (b) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 [Notification No. FEMA 23(R)/2015- RB dated January 12, 2016] (hereinafter referred to as ‘the Principal Regulations’), namely:

1. Short title and commencement: –

  1. These Regulations may be called the Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021.

  2. They shall come into force from the date of their publication in the official Gazette.

2. In the Principal Regulations, in regulation 4, for sub-regulation (ea), the following shall be substituted, namely:-

“(ea) re-export of leased aircraft/helicopter and/or engines/auxiliary power units (APUs), either completely or in partially knocked down condition re-possessed by overseas lessor and duly de-registered by the Directorate General of Civil Aviation (DGCA) on the request of Irrevocable Deregistration and Export Request Authorisation (IDERA) holder under ‘Cape Town Convention’ or any other termination or cancellation of the lease agreement between the lessor and lessee subject to permission by DGCA/Ministry of Civil Aviation for such export/s.”

(R. S. Amar)
Chief General Manager

Foot Note: – The Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 [Notification No. FEMA 23(R)/2015-RB dated January 12, 2016] were published in the Official Gazette vide G.S.R.No.19 (E) dated January 12, 2016 in Part II, Section 3, sub-Section (i) and subsequently amended by Notification No. FEMA 23(R)/(1)/2017-RB dated June 23, 2017 published in the Official Gazette vide G.S.R.No.635(E) dated June 23, 2017, No. FEMA 23(R)/(2)/2019-RB dated December 03, 2019 published in the Official Gazette on December 09, 2019 and No. FEMA 23(R)/(3)/2020-RB dated March 31, 2020 published in the Official Gazette on March 31, 2020.

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Reserve Bank of India – Tenders

Tenders

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NIT: RBI/Patna/Estate/244/20-21/ET/341

Please refer to the tender notice for the captioned tender published on the Bank’s website www.rbi.org.in on December 08, 2020 inviting application from eligible vendors for the said work through e-tender route on MSTC website (https://www.mstcecommerce.com/eprochome/rbi/).

The last date of submission of bids online through MSTC website was specified as 2:00 PM on January 08, 2021.

Extension of Time:

It is advised that the time for submission of bids has been extended to 18:00 hrs on January 15, 2021. The bids will be opened on January 18, 2021.at 12:00 Noon. All other terms and conditions mentioned in the tender remain unchanged.

Regional Director
Bihar

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Reserve Bank of India – Press Releases

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 X will be open for subscription for the period from January 11, 2021 to January 15, 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 06 – 08, 2021 works out to ₹5,104/- (Rupees five thousand one hundred and four 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 ₹5,054/- (Rupees five thousand and fifty four only) per gram of gold.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/917

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