Category: RBI News

Reserve Bank of India – Notifications

Notifications

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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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Reserve Bank of India – Tenders

Tenders

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Reserve Bank of India, Gangtok had invited request for submission of price quotations for sale of Bank’s car (Hyundai Creta) on July 02, 2021.

In this regard it has been decided to cancel the tender process. A fresh tender will be uploaded shortly. Interested parties may follow up with fresh notification.

General Manager & Officer-in-Charge
Reserve Bank of India
Gangtok

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Reserve Bank of India – Press Releases

Press Releases

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Sr. No. State/UT Notified Amount
(₹ Cr) 		Amount Accepted
(₹ Cr) 		Cut off Price (₹) /Yield (%) Tenure
(Yrs)
1 Andhra Pradesh 1000 1000 7.04 13
1000 1000 7.09 18
2 Assam 600 600 6.91 10
3 Bihar 2000 2000 6.87 9
4 Chhattisgarh 1000 1000 6.59 7
5 Goa 100 100 6.89 10
6 Gujarat* 1000 1500 6.89 10
7 Jharkhand 1000 1000 7.00 12
8 Karnataka 1000 1000 6.88 10
1000 1000 6.93 11
9 Kerala 2000 2000 7.05 15
10 Meghalaya 100 100 99.37/6.9109 Re-issue of 6.82% Meghalaya SDL 2031 Issued on April 16, 2021
100 100 99.42/7.0740 Re-issue of 7.02% Meghalaya SDL 2041 Issued on September 08, 2021
11 Mizoram 104 104 7.06 13
12 Punjab** 750 750 99.43/6.9197 Re-issue of 6.84% Punjab SDL 2031 Issued on September 29, 2021
500 55.022 99.84/6.9997 Re-issue of 6.98% Punjab SDL 2033 Issued on September 29, 2021
13 Rajasthan 1000 1000 6.01 5
1000 1000 6.91 10
14 Tamil Nadu 1000 1000 6.90 10
15 Telangana 1500 1500 7.09 19
16 Uttar Pradesh 2500 2500 6.92 10
17 West Bengal 2500 2500 7.05 15
  TOTAL 22754 22809.022    
* Gujarat has accepted an additional amount of ₹ 500 crore
** Punjab has accepted ₹ 55.022 crore for the re-issue of 6.98% Punjab SDL 2033

Ajit Prasad
Director   

Press Release: 2021-2022/987

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Reserve Bank of India – Tenders

Tenders

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Regional Director, Reserve Bank of India, Bengaluru invites e-Tender through MSTC for Lift Shaft Erection Work at Annex Building, Main Office Premises, 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 empanelled 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 ₹13.13 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/134/21-22/ET/182
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 10.00 am of October 05, 2021
D Earnest Money Deposit Rs.26,260/- from each bidder in the from Demand Draft / Bank Guarantee / NEFT to the Bank (details under para “bidding in e-tender)
E Start Bid Date 11.00 am on October 05, 2021
F Last Date for submission of the tender 3.00 pm on November 08, 2021
G Date of opening of Part I (Technical Bid) of tender 3.30 pm on November 08, 2021

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 05, 2021

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Reserve Bank of India – Press Releases

Press Releases

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April 14, 2015




Dear All




Welcome to the refurbished site of the Reserve Bank of India.





The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge.




With this makeover, we also take a small step into social media. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy.




The site can be accessed through most browsers and devices; it also meets accessibility standards.



Please save the url of the refurbished site in your favourites as we will give up the existing site shortly and register or re-register yourselves for receiving RSS feeds for uninterrupted alerts from the Reserve Bank.



Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site.



Thank you for your continued support.




Department of Communication

Reserve Bank of India


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Reserve Bank of India – Tenders

Tenders

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Event No. RBI/Mumbai/Estate/79/21-22/ET/108:

Minutes of Pre-Bid meeting held on October 1st, 2021.

Prebid meeting for the above tender is conducted as per schedule on October 1st, 2021 at 11:00 AM online through Cisco WebEx platform and following vendors participated in the meeting,

  • M/s Solgen Greentech LLP, Shri. Amit Shah

  • M/s Vijay Engineering and Machinery Company, Shri.Manoj Kande

The participants were welcomed by Estate Cell, BKC, Mumbai and from Bank’s side Shri. B Dhal, GM (Tech.), Shri. I B Khobragade, DGM (Tech.), Shri. Ajit Bobhate, Manager (Tech.), Shri Y R Sonawane, AM(Elect.), Shri.Randeep Sangwan, JE(Elect.), Shri Navin Kumar, JE (Elect.), Smt. Soniya Gangurde, Manager (Adm.), Shri. Suraj Singh, AM(Adm.) and Shri. Aman Mishra, Assistant have attended the said online meeting. The meeting took place in conducive manner and general discussion on the tender took place.

2. Vendors enquired, whether they have to supply and install instrumentation, measurement and monitoring instruments per solar power plant at each site?

* It is clarified that vendor shall supply and install instrumentation, measurement and monitoring instruments for each site i.e. Byculla Office, BKC Officer Quarters, Kailash Officer Quarters, Bhandup Staff Colony and Chembur Staff Colony.

3. Vendors enquired about necessity of obtaining certification of SPV structure & foundation from a recognized Govt. Engineering College viz IIT / NIT etc. or by a reputed structural consultant.

* It is clarified that SPV structure & foundation shall be certified / vetted by a recognized Govt.Engineering College viz IIT / NIT etc. or by a reputed structural consultant or the consultant enlisted with MCGM or any statutory body and same shall be acceptable.

4. All other terms and conditions of the tender shall remain unchanged.

The meeting was ended with thanks to all participants.

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Reserve Bank of India – Tenders

Tenders

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Reserve Bank Staff College, Chennai invites e-tenders from the empaneled vendors (under the categories 1. Civil, Interior, Fabrication, Painting works above 10 lakhs and up to 25 lakhs and 2. Supply, Installation and Maintenance of Modular Furniture and Compactors above 10 lakhs and up to 25 lakhs) of Reserve Bank of India, Chennai for the work ‘Providing Modular Built in Wardrobes in Old Hostel Building Rooms at Reserve Bank Staff College, Chennai – 600018’. The work is estimated to cost ₹13.19 lakh and is to be completed within 45 days from the 10th day of issue of written order to commence the work.

E-Tenders comprising duly filled in details of both Part-I and Part II specifications of the tender should be uploaded in MSTC website under RBI portal not later than the date and time as indicated in the Schedule of Tender. Tenderers shall submit tender proposal complete in all aspects. The tenderers shall pay as Earnest Money a sum of ₹26,380/- (Rupees Twenty-six thousand three hundred and eighty only). The technical bids and price bids will be opened electronically on October 25, 2021 at 04:00 P.M. In the event of any date indicated above being declared a Holiday, the next working day shall become operative for the respective purpose mentioned herein.

Tender document can be downloaded from RBI website – www.rbi.org.in and www.mstcecommerce.com. Any amendment(s) / corrigendum / clarifications with respect to this tender shall be uploaded on the website / e-portal only. The tenderer should check the above website / e-portal for any Amendment / Corrigendum / Clarification before submitting the bid. The Employer is not bound to accept the lowest tender and reserves the right to accept either in full or in part any tender. The College reserves the right to reject any or all the tenders without assigning any reason thereof.

SCHEDULE OF TENDER (SOT)

a. E-tender No. RBI/RBSC//189//21-22/ET/189
b. Name of work Providing Modular Built in wardrobes in Old Hostel Building Rooms at Reserve Bank Staff College, Chennai – 600018.
c. 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.
d. Date of NIT available to parties to download 03:00 P.M. on October 04, 2021.
e. Earnest Money Deposit ₹26,380/- from each bidder.
f. Last date of submission of EMD. 01:00 P.M. on October 25, 2021.
g. Pre-bid Meeting 11:30 A.M. on October 11, 2021 at Seminar Hall, Reserve Bank Staff College, 359, Anna Salai, Teynampet, Chennai – 600018.
h. Date of starting of e-Tender for submission of on-line Techno-Commercial Bid and price Bid at
www.mstcecommerce.com/eprochome/rbi		 03:00 P.M. on October 13, 2021.
i. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid. 03:00 P.M. on October 25, 2021.
j. Date & time of opening of Tender 04:00 P.M. on October 25, 2021.
k. Transaction Fee Transaction fee is 0.05 % of estimated cost subject to a maximum of Rs. 15,000/-Payment of Transaction fee is as mentioned in the MSTC portal through MSTC payment gateway through /NEFT/RTGS in favour of MSTC LIMITED.

Chief General Manager/Principal
Reserve Bank Staff College
359 Anna Salai, Teynampet
Chennai – 600 018

October 04, 2021

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Basel III Capital Regulations – Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas

Notifications

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RBI/2021-22/106
DOR.CAP.REC.No.56/21.06.201/2021-22

October 4, 2021

All Scheduled Commercial Banks (Excluding RRBs)

Dear Sir/ Madam,

Basel III Capital Regulations – Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas

Please refer to paragraph 1.16 of Annex 4 (Criteria for Inclusion of Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital) to the Master Circular Ref DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on ‘Basel III Capital Regulations’ and the circular Ref. DBR.BP.BC.No.28/21.06.001/2016-17 dated November 3, 2016 on Issue of Rupee Denominated Bonds Overseas.

2. Several banks have approached us to clarify the amount of capital funds that can be raised overseas. The issue has been examined and it is clarified that the “eligible amount” for purpose of issue of PDIs in foreign currency as per para 1.16 (ii) of Annex 4 to the Master Circular dated July 1, 2015 referred to above, would mean the higher of:

(a) 1.5% of Risk Weighted Assets (RWAs) and

(b) Total Additional Tier 1 capital

as on March 31 of the previous financial year.

Not more than 49% of the “eligible amount” as above can be issued in foreign currency and/or in rupee denominated bonds overseas.

3. Accordingly, the sub para (ii) of paragraph 1.16 of Annex 4 to the Master Circular dated July 1, 2015 referred to above is amended as indicated in Annex 1 enclosed herewith. An illustration is enclosed in Annex 2 for greater clarity.

4. All the other terms of the Master Circular on Basel III Capital Regulations dated July 1, 2015, referred to above, as amended from time to time, shall remain unchanged. The issuances as above shall be subject to all applicable prudential norms and FEMA guidelines.

Yours faithfully

(Neeraj Nigam)
Chief General Manager-in-Charge

Annex 1

Amendment to sub para (ii) of paragraph 1.16 of Annex 4 to Master Circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on ‘Basel III Capital Regulations’

1.16 (ii) Not more than 49% of the eligible amount can be issued in foreign currency* and/or in rupee denominated bonds overseas.

“Eligible amount” in this context shall mean the higher of:

(a) 1.5% of RWA and

(b) Total Additional Tier 1 capital

as on March 31 of the previous financial year.

*Not applicable to foreign banks’ branches

Annex 2

Illustration on the “eligible amount” that can be raised as per Paragraph 1.16 (ii) of Annex 4 to Master Circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on ‘Basel III Capital Regulations’

We consider the RWAs of the bank as on March 31 of previous financial year as ₹ 1000 crore.

  Scenario Maximum amount of AT1 bonds that can be raised overseas (in foreign currency and/or in rupee denominated bonds overseas)
Case I The bank had AT1 capital of less than or equal to 1.5% of RWAs as on March 31 of the previous financial year.
Illustratively, the bank did not have any AT1 capital as on March 31 of the previous financial year.		 Equals ₹ 7.35 crore (49% of 1.5% of RWAs).
Case II The bank had AT1 capital more than 1.5% of RWAs as on March 31 of previous financial year.
Illustratively, the bank had AT1 capital of ₹ 50 crore as on March 31 of the previous financial year.		 Equals 49% of ₹ 50 crore i.e. ₹ 24.5 crore (49% of total AT1 capital as it is more than 1.5% of RWAs).

Note: The amount of AT1 capital recognised for inclusion in Tier 1 capital will be subject to the limits mentioned in para 4.2.2 of the Basel III Master Circular dated July 1, 2015 and para 1.3 of Annex 4 to the Master Circular ibid.

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Reserve Bank of India – Notifications

Notifications

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RBI/2021-22/105
DOR.ACC.REC.57/21.04.018/2021-22

October 4, 2021

All Member Banks of the Indian Banks’ Association
covered under the 11th Bipartite Settlement
and Joint Note dated November 11, 2020

Madam / Sir,

Enhancement in family pension of employees of banks –
Treatment of additional liability

The Indian Banks’ Association (IBA) has approached us for the amortisation of the increased expenditure resulting from the revision in family pension for employees of its member banks covered under the 11th Bipartite Settlement and Joint Note dated November 11, 2020.

2. The additional liability on account of revision in family pension consequent to the aforementioned settlement should be fully recognised and charged to the Profit and Loss Account in the current financial year. However, IBA has expressed that it would be difficult for some banks to absorb the large amount involved in a single year.

3. We have examined the issues from a regulatory perspective, and as an exceptional case, it has been decided that banks covered by the aforementioned settlement may take the following course of action in the matter:

a. The liability for enhancement of family pension shall be fully recognised as per applicable accounting standards.

b. The expenditure, as indicated in paragraph 2 above, may, if not fully charged to the Profit and Loss Account during the financial year 2021-22, be amortised over a period not exceeding five years beginning with the financial year ending March 31, 2022, subject to a minimum of 1/5th of the total amount involved being expensed every year.

c. Appropriate disclosures of the accounting policy followed in this regard shall be made in the ‘Notes to Accounts’ to the financial statements. The Notes to Accounts shall also disclose the amount of unamortised expenditure and the consequential net profit if the unamortised expenditure had been fully recognised in the Profit & Loss Account.

4. The Reserve Bank of India (Financial Statements – Presentation and Disclosures) Directions, 2021 shall be accordingly updated.

Yours faithfully,

(Neeraj Nigam)
Chief General Manager-in-Charge

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