RBI News – Page 37 – IFSCCodeof.in

Reserve Bank of India – Tenders

October 21, 2021 root Tenders

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The Reserve Bank of India intends to prepare a panel of reputed suppliers for undertaking supplies of a) Vegetables and Fruits b) Non – Vegetarian Items c) Milk and Dairy Items d) Groceries for its office situated at Nrupathunga Road, Bangalore – 560001.

2. The estimated cost of supplies per annum for each product to be supplied is as under:

Sl. No.	Items	Estimated Cost Rs. (In Lakhs)
1	Vegetables and Fruits	15.00
2	Non-Vegetarian items	5.00
3	Milk and Dairy items	5.00
4	Groceries	15.00

3. Suppliers who are registered with the Government/ Semi-Government Undertaking/s or any other major institution/s as suppliers or have made similar supplies for 2 years during the last 5 years with the minimum supplies for each year costing at least 50% of the estimated cost of supplies are eligible to apply.

4. The validity of the empanelment of suppliers will be initially for a period of one year and the period is renewable for a further period of up to two years (one year at a time) at the discretion of the Bank subject to conditions that the Bank finds the service of the supplier satisfactory.

5. Application has to be submitted in MSTC portal. The applications will be received by the Bank up to 3.00 pm on November 12, 2021.

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

Regional Director

SCHEDULE OF TENDER (SOT)

a	E-Tender Number	Empanelment of suppliers for Officers’ Lounge and Dining Room, RBI, Bengaluru
b	E-Tender No.	RBI/Bengaluru/Estate/169/21-22/ET/228
c	Mode of Tender	e-Procurement System (Online Part I – Technical Bid through www.mstcecommerce.com/eprochome/rbi)
d	Date of NIT available to parties to download	10.00 am of October 21, 2021
e	Pre-Bid meeting	Offline Prebid meeting will be conducted at 11.00 am on October 28, 2021 at HRMD, 3rd Floor, Reserve Bank of India, Bengaluru.
f	Earnest Money Deposit	EMD as mentioned in page 20 for respective categories shall be submitted by each bidder in the from NEFT to the Bank (details under para “bidding in e-tender) IFSC: RBIS0BGPA01 (Fifth and tenth digits are “zero” and not the English letter “o”) Account No.: 186003001
g	Last date of submission of EMD	November 12, 2021 by 12.00 pm
h	Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid at www.mstcecommerce.com/eprochome/rbi	October 21, 2021 by 11.00 am
i	Date and time of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid.	3.00 pm on November 12, 2021
j	Date and Time of opening of the tender	3.30 pm on November 12, 2021
k	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 – Press Releases

October 21, 2021 root Press Releases

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(Amount in Crore of ₹)
		SCHEDULED COMMERCIAL BANKS (Including RRBs and SFBs)			ALL SCHEDULED BANKS
		09-Oct-20	24-SEP-2021*	08-OCT-2021*	09-Oct-20	24-SEP-2021*	08-OCT-2021*
I	LIABILITIES TO THE BKG.SYSTEM (A)
	a) Demand & Time deposits from bks.	210483.02	166914.25	166196.73	215493.1	171131.42	170498.54**
	b) Borrowings from banks	50311.7	42383.43	46502.71	50315.22	42446.8	46502.71
	c) Other demand & time liabilities	15439.08	18644.94	23553.2	15636.28	18934.46	23855.21
II	LIABILITIES TO OTHERS (A)
	a) Deposits (other than from banks)	14301947.24	15598947.56	15755752.56	14717968.33	16019389.27	16173790.94
	i) Demand	1469978.63	1823739.26	1786334.63	1505420.4	1862811.78	1825168.04
	ii) Time	12831968.61	13775208.3	13969417.96	13212547.93	14156577.5	14348622.93
	b) Borrowings @	255244.75	245898.05	253398.88	259589.9	251043.48	258359.83
	c) Other demand & time liabilities	519762.29	583385.02	584167.2	531162.5	594425.5	594603.37
III	BORROWINGS FROM R.B.I. (B)	117466.7	92381.81	94399.47	117466.7	92416.84	94399.47
	Against usance bills and / or prom. Notes
IV	CASH	82613.26	98702.51	99431.28	84485.16	100793.63	101529.89
V	BALANCES WITH R.B.I. (B)	439497.31	638826.02	637545.1	452113.52	655608	654327.91
VI	ASSETS WITH BANKING SYSTEM
	a) Balances with other banks
	i) In current accounts	14388.2	19142.45	22568.95	16444.84	21548.39	24720.39
	ii) In other accounts	136744.5	125448.37	134002.03	169058.24	158297.52	166861.67
	b) Money at call & short notice	11125.08	7061.71	12553.48	32926.97	21958.76	27848.59
	c) Advances to banks (i.e. due from bks.)	21807.4	24278.02	24221.52	22272.87	24659.76	24606.13£
	d) Other assets	31187.77	25078.13	25287.57	36042.08	27925.39	28195.35
VII	INVESTMENTS (At book value)	4461110.04	4663318.47	4689311.87	4593312.8	4804691.03	4832607.41
	a) Central & State Govt. securities+	4459740	4662056.11	4688228.98	4585563.33	4797270.5	4825456.94
	b) Other approved securities	1370.04	1262.36	1082.89	7749.47	7420.54	7150.47
VIII	BANK CREDIT (Excluding Inter Bank Advance)	10343494.78	10956816.89	11013458.2	10677181.3	11295261.19	11354180.59
	a) Loans, cash credits & Overdrafts $	10176002.4	10754999.37	10798780.2	10507675.23	11091410.21	11137509.12
	b) Inland Bills purchased	21602.67	31812.04	33686.51	21885.75	31826.34	33719.57
	c) Inland Bills discounted	98792.7	118694.29	127504.71	99823.88	120032.67	128810.63
	d) Foreign Bills purchased	18185.98	19844.06	20340.63	18436.84	20016.21	20494.9
	e) Foreign Bills discounted	28911.02	31467.11	33146.15	29359.62	31975.75	33646.37

NOTE
*	Provisional figures incorporated in respect of such banks as have not been able to submit final figures.
(A)	Demand and Time Liabilities do not include borrowings of any Scheduled State Co-operative Bank from State Government and any reserve fund deposits maintained with such banks by any co-operative society within the areas of operation of such banks.
**	This excludes deposits of Co-operative Banks with Scheduled State Co-operative Banks. These are included under item II (a).
@	Other than from Reserve Bank, National Bank for Agriculture and Rural Development and Export Import Bank of India.
(B)	The figures relating to Scheduled Commercial Banks’ Borrowings in India from Reserve Bank and balances with Reserve Bank are those shown in the statement of affairs of the Reserve Bank. Borrowings against usance bills and/ or promissory notes are under Section 17(4)(c) of the Reserve Bank of India Act, 1934. Following a change in the accounting practise for LAF transactions with effect from July 11, 2014, as per the recommendations of Malegam Committee formed to review the Format of Balance Sheet and the Profit and Loss Account of the Bank, the transactions in case of Repo/ Term Repo/MSF are reflected under “Borrowings from RBI”.
£	This excludes advances granted by Scheduled State Co-operative Banks to Co-operative banks. These are included under item VIII (a).
+	Includes Treasury Bills, Treasury Deposits, Treasury Savings Certificates and postal obligations.
$	Includes advances granted by Scheduled Commercial Banks and State Co-operative Banks to Public Food Procurement Agencies (viz. Food Corporation of India, State Government and their agencies under the Food consortium).

Food Credit Outstanding as on
(₹ in Crore)
Date	09-Oct-20	24-Sep-21	08-Oct-21
Scheduled Commercial Banks	63393.08	62341.83	62408.14
State Co-operative Banks	30402.9	35817.79	35817.5

The expression ‘ Banking System ‘ or ‘ Banks ‘ means the banks and any other financial institution referred to in sub-clauses (i) to (vi) of clause (d) of the explanation below Section 42(1) of the Reserve Bank of India Act, 1934.

No. of Scheduled Commercial Banks as on Current Fortnight:135

Ajit Prasad
Director

Press Release: 2021-2022/1073

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Reserve Bank of India – Press Releases

October 21, 2021 root Press Releases

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The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction on October 22, 2021, Friday, as under:

Sl. No.	Notified Amount (₹ crore)	Tenor (day)	Window Timing	Date of Reversal
1	4,50,000	12 (November 4 & 5, 2021 being holidays)	10:30 AM to 11:00 AM	November 03, 2021 (Wednesday)

2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.

Ajit Prasad
Director

Press Release: 2021-2022/1072

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Reserve Bank of India – Tenders

October 21, 2021 root Tenders

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Regional Director, Reserve Bank of India, Bengaluru invites e-Tender through MSTC for Empanelment of vendors and award of work for Annual Maintenance Contract (AMC) and Facility Management Service (FMS) of Computer Hardware, Software and Peripherals at RBI, Bengaluru. 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 work is ₹23.00 lakh (approx.), however the actual amount may vary.

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

A	E-Tender No.	RBI/Bengaluru/Estate/168/21-22/ET/227
B	Mode of Tender	e-Procurement System (Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi)
C	Date of NIT available to parties to download	October 21, 2021 after 11.00 Hrs.
D	Earnest Money Deposit	Rs.46,000 from all the bidders in the form Demand Draft / Bank Guarantee / NEFT to the Bank (Please refer “Schedule of Tender” in e-tender)
E	Last date of submission of EMD	November 19, 2021 at 12:00 Hrs
F	Start Bid Date	October 21, 2021 after 11.00 Hrs
G	Date of Pre-Bid Meeting	All bid related queries shall be sent by Bidders through email at ditbangalore@rbi.org.in on or before 12.00 p.m. November 10, 2021. Pre-Bid Meeting will be conducted on November 10, 2021 at 15:00 hrs.
H	Last date for submission of DD/NEFT	November 19, 2021 at 12:00 Hrs
I	Last Date for submission of the tender	November 19, 2021 at 15:00 Hrs
J	Date of opening of Part I (Technical Bid) of tender	November 19, 2021 at 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
Bangalore

October 21, 2021

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Minutes of Pre-bid Meeting – Replacement of existing false ceiling of ground floor in combination with suspended Gyp Board and suspended 2’ x 2’ ‘T Grid system’ ceiling at Bank’s Main Office Building, Fort, Mumbai

October 21, 2021 root Tenders

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The Pre-Bid meeting for the captioned tender was held on October 14, 2021 at 11.00 A.M at Estate Office, MRO.

2. One bidder had attended the pre-bid meeting. No queries were raised by the firm and site visit was arranged to the representative of the firm.

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Reserve Bank of India – Press Releases

October 21, 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

October 21, 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)	438,715.92	3.32	1.50-3.50
I. Call Money	8,964.42	3.32	2.00-3.45
II. Triparty Repo	334,238.20	3.32	3.10-3.39
III. Market Repo	95,513.30	3.29	1.50-3.50
IV. Repo in Corporate Bond	0.00		–
B. Term Segment
I. Notice Money**	124.90	3.20	2.75-3.35
II. Term Money^@@	429.50	–	3.30-4.20
III. Triparty Repo	1,500.00	3.43	3.40-3.44
IV. Market Repo	1,349.87	2.64	2.00-3.55
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	Wed, 20/10/2021	1	Thu, 21/10/2021	207,337.00	3.35
(iii) Special Reverse Repo^~
(iv) Special Reverse Repo^ψ
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo	Wed, 20/10/2021	6	Tue, 26/10/2021	200,008.00	3.95
3. MSF	Wed, 20/10/2021	1	Thu, 21/10/2021	1,678.00	4.25
4. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)^£
5. Net liquidity injected from today’s operations [injection (+)/absorption (-)]*				-405,667.00
II. Outstanding Operations
1. Fixed Rate
(i) Repo
(ii) Reverse Repo
(iii) Special Reverse Repo^~	Fri, 08/10/2021	14	Fri, 22/10/2021	6,402.00	3.75
(iv) Special Reverse Repo^ψ	Fri, 08/10/2021	14	Fri, 22/10/2021	2,894.00	3.75
2. Variable Rate^&
(I) Main Operation
(a) Reverse Repo	Fri, 08/10/2021	14	Fri, 22/10/2021	400,002.00	3.99
(II) Fine Tuning Operations
(a) Repo
(b) Reverse Repo
3. MSF
4. Long-Term Repo Operations^#	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
7. On Tap Targeted Long Term Repo Operations^€	Mon, 22/03/2021	1095	Thu, 21/03/2024	5,000.00	4.00
	Mon, 14/06/2021	1096	Fri, 14/06/2024	320.00	4.00
	Mon, 30/08/2021	1095	Thu, 29/08/2024	50.00	4.00
	Mon, 13/09/2021	1095	Thu, 12/09/2024	200.00	4.00
	Mon, 27/09/2021	1095	Thu, 26/09/2024	600.00	4.00
	Mon, 04/10/2021	1095	Thu, 03/10/2024	350.00	4.00
8. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)^£	Mon, 17/05/2021	1095	Thu, 16/05/2024	400.00	4.00
	Tue, 15/06/2021	1095	Fri, 14/06/2024	490.00	4.00
	Thu, 15/07/2021	1093	Fri, 12/07/2024	750.00	4.00
	Tue, 17/08/2021	1095	Fri, 16/08/2024	250.00	4.00
	Wed, 15/09/2021	1094	Fri, 13/09/2024	150.00	4.00
D. Standing Liquidity Facility (SLF) Availed from RBI^$				21,695.80
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*				-301,960.20
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*				-707,627.20
G. Cash Reserves Position of Scheduled Commercial Banks
(i) Cash balances with RBI as on		20/10/2021		614,487.08
(ii) Average daily cash reserve requirement for the fortnight ending		22/10/2021		630,289.00
H. Government of India Surplus Cash Balance Reckoned for Auction as on^¥		20/10/2021		0.00
I. Net durable liquidity [surplus (+)/deficit (-)] as on		24/09/2021		1,205,314.00
^@ 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. 2020-2021/520 dated October 21, 2020, Press Release No. 2020-2021/763 dated December 11, 2020, Press Release No. 2020-2021/1057 dated February 05, 2021 and Press Release No. 2021-2022/695 dated August 13, 2021.
^¥ As per the Press Release No. 2014-2015/1971 dated March 19, 2015.
^£ As per the Press Release No. 2021-2022/181 dated May 07, 2021 and Press Release No. 2021-2022/1023 dated October 11, 2021.
^~ As per the Press Release No. 2021-2022/177 dated May 07, 2021.
^ψ As per the Press Release No. 2021-2022/323 dated June 04, 2021.
Ajit Prasad Director
Press Release: 2021-2022/1070

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Reserve Bank of India – Tenders

October 20, 2021 root Tenders

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Reserve Bank of India, Kanpur invites e-tender for ‘Renovation of Bank’s Staff Quarters (12 Nos. Class III) at Kidwai Nagar, Kanpur’

The e-tendering shall be done through the e-tendering portal of MSTC Ltd (http://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:

E-Tender No.	RBI/Kanpur/Estate/167/21-22/ET/226
a) Estimated cost	₹33,60,000/- (Rs. Thirty-Three Lakh Sixty Thousand Only) (Including GST)
b) Mode of e-tender	e-Procurement System (Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi)
c) Type of e-tender	Limited (Only for firms empaneled with RBI, Kanpur under 20 Lakh to 50 Lakh category of Civil Works)
d) Date of NIT available to parties to download	October 20, 2021 from 05.00 PM
e) Pre-bid meeting (Offline)	October 28, 2021 at 11.00 AM Venue: Estate Department, 2nd Floor, Reserve Bank of India, Mall Road, Kanpur, Uttar Pradesh-208001
f) EMD through NEFT and upload the details on the MSTC portal. Also, intimate / forward the transaction details (UTR number) to brijesh@rbi.org.in and / or estatekanpur@rbi.org.in	₹ 67,200/- (Rs. Sixty-Seven Thousand Two Hundred Only) paid through NEFT / Net banking to A/c No. 186003001, IFSC RBIS0KNPA01 (See Annexure- V)
g) E-Tender Fees	NIL
h) Date of Starting of e-tender for submission of on-line Techno-Commercial Bid and price Bid at http://mstcecommerce.com/eprochome/rbi	October 28, 2021 05.00 PM onwards
i) Last date of submission of EMD	November 10, 2021 till 10.00 AM
j) Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid.	November 10, 2021 till 10.00 AM
k) Date & time of opening of Part-I (i.e. Techno-Commercial Bid) Date of opening of Part II i.e. price bid shall be informed separately	November 10, 2021 12.15 PM onwards
l) Validity of the e-tender	90 days from the date of opening of Techno– Commercial bid
m) Transaction Fee (Non-refundable) (To be paid separately by the tenderers to MSTC vide MSTC E-Payment Gateway for participating in the e-tender)	As charged by MSTC Ltd.

2. Intending tenderers shall pay a sum of ₹ 67,200/- (Rs. Sixty-Seven Thousand Two Hundred Only) as earnest money through NEFT to Reserve Bank of India, Kanpur.

3. Applicants intending to apply will have to satisfy the Bank by furnishing documentary evidence in support of their possessing required eligibility and in the event of their failure to do so, the Bank reserves the right to reject their bids. E-tenders without EMD will not be accepted under any circumstances.

4. 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 also reserves the right to reject all the tenders without assigning any reason thereof.

5. Any amendments / corrigendum to the tender, if any, issued in future will only be notified on the RBI Website and MSTC Website as given above and will not be published in the newspaper.

Regional Director
Reserve Bank of India
Kanpur

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Reserve Bank of India – Tenders

October 20, 2021 root Tenders

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Reserve Bank of India, Jaipur invites e-Tender for Supply, Fabrication and Installation of Mobile Storage Unit Compactors in Bank’s Office Building at Jaipur. The tendering would be done through the e-Tendering portal of MSTC Ltd (http://mstcecommerce.com/eprochome/rbi). All the eligible firms /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. e-Tender Name	Supply, Fabrication and Installation of Mobile Storage Unit Compactors in Bank’s Office Building at Jaipur
b. e-Tender no	RBI/Jaipur/Estate/166/21-22/ET/225
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	October 20, 2021 after 17.00 PM
e. Earnest Money Deposit	Rs 13,000 (Rs. Thirteen thousand only) through NEFT – details as below along with the Part I / Technical – Commercial Bid. IFSC Code – RBIS0JPPA01 A/c number – 8692299 (Fifth digit in IFSC code is zero) Only successful bidder needs to submit EMD. MSE firms are exempted from submission of EMD subject to submission of required MSE Certificate. Necessary MSE registration certificate is needed to be uploaded along with tender.
f. Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid at www.mstcecommerce.com/eprochome/rbi	October 20, 2021 after 17.00 PM
g. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid	November 22, 2021 up to 14.00 Hrs
h. Date & time of opening of Part-I (i.e. Techno-Commercial Bid) Date & Time of opening of Part- II (i.e. Price Bid)	November 22, 2021 at 15.00 Hrs. Date and time of opening of price bid will be informed separately to all the eligible bidders later.
i. Transaction Fee	To be paid through MSTC Payment Gateway/NEFT/RTGS in favour of MSTC Limited or as advised by M/s MSTC Ltd.
j. Helpline	033-23400020, 033-23400021, 033-23400022 and 0141-2742208.
k. E-mail for query	helpdesk@mstcindia.co.in

Please note that there is no tender fees to download the tender document from Portal.

Applicants intending to apply will have to satisfy the Bank by furnishing documentary evidence in support of their possessing required eligibility and in the event of their failure to do so, the Bank reserves the right to reject their candidature.

Any amendments / corrigendum to the tender, if any, issued in future will only be notified on the RBI Website and MSTC Website as given above and will not be published in the newspaper.

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Reserve Bank of India – Press Releases

October 20, 2021 root Press Releases

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The Reserve Bank of India (RBI) had, by an order dated October 01, 2021, imposed a monetary penalty of ₹1 crore (Rupees one crore only) on Paytm Payments Bank Limited (PPBL), for an offence committed of the nature referred to in Section 26 (2) of Payment and Settlement Systems Act, 2007 (PSS Act).

A Compounding Order dated October 07, 2021 was also issued to Western Union Financial Services Inc (WUFSI), a Money Transfer Service – cross-border in-bound service (customer to customer only) operator – imposing a penalty of ₹27,78,750 (Rupees twenty seven lakh, seventy eight thousand, seven hundred and fifty only) for non-compliance with certain provisions of the directions contained in the Master Direction on Money Transfer Service Scheme (MTSS Directions) dated February 22, 2017.

The penalties have been imposed in exercise of powers vested in RBI under the provisions of Section 30 and Section 31 of the PSS Act. 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 entities with their customers.

Background

On examination of PPBL’s application for issue of final Certificate of Authorisation (CoA), it was observed that PPBL had submitted information which did not reflect the factual position. As this was an offence of the nature referred to in Section 26 (2) of the PSS Act, a notice was issued to PPBL. After reviewing the written responses and oral submissions made during the personal hearing, the RBI determined that the aforementioned charge was substantiated and warranted the imposition of a monetary penalty.

WUFSI had reported instances of breach of the ceiling of 30 remittances per beneficiary during the calendar years 2019 and 2020, and filed an application for compounding of the violation. RBI determined that the aforementioned non-compliance warranted the imposition of a monetary penalty after analysing the compounding application, and oral submissions made during the personal hearing.

(Yogesh Dayal)
Chief General Manager

Press Release: 2021-2022/1069

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