Reserve Bank of India – Tenders

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Reserve Bank of India invites competitive e-tenders/ e-bids for providing Design, Supply, Installation, Testing and Commissioning of a passenger lift (Capacity – 6 Persons), G+3, Machine room less Electrical Lift in Annex Building of the Bank at Thiruvananthapuram from eligible bidders as per the specified pre-qualification criteria. The estimated cost of the work is Rs.13.50 lakh. All the Pre-Qualification papers shall be uploaded on MSTC site.

2. The tenderers shall pay as Earnest Money a sum of ₹27,000.00/- (Rupees Twenty seven thousand only) through NEFT or by a demand draft or Bank Guarantee in a form (Annexure-3) valid for 6 months, acceptable to the Bank in favor of Reserve Bank of India drawn on a scheduled bank along with Part I of the tender or by 1.00 PM of October 21, 2021. The Earnest Money Deposit of the successful tenderer shall be released without any interest on issue of virtual completion certificate and submission of Performance Bank Guarantee. The Earnest Money Deposit of unsuccessful tenderer shall be released to them without any interest after award of work.

3. Online tenders will be allowed to be viewed/ downloaded by all firms after 17:00 Hrs of September 28, 2021. The firms which do not comply with the following pre-qualification criteria and/ or do not submit EMD will not be considered for opening of their tender Part-II.

i. The intending bidder must have minimum 5 years of experience in carrying out similar nature of works viz. “Design, Supply, Installation, Testing and Commissioning of Passenger Lifts at residential Quarters/ office buildings/ commercial premises.

ii. The intending bidder must have executed successfully “Design, supply, Installation, Testing and commissioning of Passenger lifts at residential Quarters/ office buildings/commercial premises, during last five years ending on or before August 31, 2021 as under:

(a) Three works each costing not less than the amount equal to 40% of the estimated cost

OR

(b) Two works each costing not less than the amount equal to 50% of the estimated cost

OR

(c) One work costing not less than the amount equal to 80% of the estimated cost.

iii. Minimum yearly turnover of 100% of the estimated cost during last 3 financial years, ending March 31, 2021, supported by audited financial statements.

iv. The bidder should have at least one ongoing contract of DSITC of Passenger lifts as on the last date of submission of tender.

v. Should have proper service setup in Thiruvananthapuram

4. The contractors shall submit the scanned copies of the following information/documents in e-tendering portal.

(a) Composition of the firm Full particulars (whether contractor is an individual or a partnership firm or a company etc.,) of the composition of the firm of contractors in details should be submitted along with name(s) and address(es), of the partner’s copy of the Articles of Association/ Power of Attorney/ another relevant document.
(b) Work experience & Completion of similar works of specified value during the specified period Copies of the detailed work orders for the qualifying works (2. (ii) and 2.(iv) above) indicating date of award, value of awarded work, time given for completing the work, etc. and the corresponding completion certificates indicating actual date of completion and actual value of executed similar works should be enclosed in proof of the work experience. The details along with documentary evidence of previous experience, if any, of carrying out works for the Reserve Bank of India at any Centre, should also be given.
(c) Turnover Copies of Audited financial statements for last three financial years i.e. 2018-19, 2019-20 and 2020-21 along with a certificate of Chartered Accountant indicating the turnover for these financial years.
(d) Credit worthiness of the contractor and their turnover during the specified period Copies of the Income Tax Clearance Certificates/ Income Tax Assessment Orders along with the latest final accounts of the business of the contractor duly certified by a Chartered Accountant should be enclosed in proof of their creditworthiness and turnover for last three years.
(e) Name(s) and address(es) of the Bankers and their present contact executives Written Information about the names and addresses of their bankers along with full details, like names, postal addresses, e-mail IDs, telephone (landline and mobile) nos., fax nos., etc. of the contact executives (i.e. the persons who can be contacted at the office of their bankers by the Bank, in case it is so needed) should be furnished.
(f) Details of bank accounts Full particulars of their bank accounts, like account no. type, when opened etc., should be given.
(g) Name(s) and address(es) of the Clients and their present contact executives Written information about the names and addresses of their clients along with full details, like names, postal addresses, e-mail IDs, telephone (landline and mobile) nos., fax nos. etc., of the contact executives (i.e. the persons who can be contacted at the office of their clients by the Bank in case it is so needed) should be furnished.
(h) Details of completed works (Annex 6) The client-wise names of work(s), year(s) of execution of work (s), awarded and actual cost (s) of executed work (s), completion time stipulated in the contract (s) and actual time taken to complete the work (s), Name(s) and full contact-details of the officers/authorities/departments under whom the work(s) was/were executed should be furnished.
(i) Details of office setup Address and contact details of the office set up in Thiruvananthapuram.
(j) Details of registration and copies of registration certificate/ documents for PAN
GST
Micro and Small Enterprises (MSE) GOI, if applicable,
Office of Labour Commissioner, if applicable.

5. In the event of intending bidder’s failure to satisfy the Bank on pre-qualification, the Bank reserves the right to not allow him to participate in the tendering process.

6. A pre-bid meeting (off-line mode) of the intending bidders will be held at 11:00 hrs. on October 05, 2021 at Estate Department, Main Office Building, Reserve Bank of India, Thiruvananthapuram. The duly filled in tender documents shall be uploaded on MSTC site by 14:00 Hrs. of October 21, 2021.

7. (a) Tender forms can be downloaded for viewing from the website www.mstcecommerce.com From 17:00 Hrs of September 28, 2021 onwards.

(b) EMD of ₹27,000.00/- (Rupees Twenty Seven thousand only) through NEFT or in the form of Demand Draft or an irrevocable Bank Guarantee issued by a scheduled Bank in the Bank’s standard proforma which is available in the tender form (Annex – 3).

(c) Tenderers shall submit all the information and the documents as mentioned in Para 3 above.

After examination, if any of the bidder is found not to possess the required eligibility, their tenders will not be accepted by the Bank for further processing.

8. Part I of the tenders will be opened at 15:00 Hrs. of October 21, 2021. Part-II (Price bid) shall be opened of the eligible bidders on a subsequent date which will be intimated to the eligible bidders in advance.

9. The applicants/ tenderers have to upload

a. Client’s certificate as per format at Annex- 7 from their clients for whom they have carried out “eligible works” in terms of the eligibility (Pre-qualification) criteria explained in this notice.

b. Banker’s certificate as per format at Annex – 8 from their banker/bankers.

The client’s certificate shall be accepted only when the same is signed by an official of the rank of Executive engineer/Superintendent Engineer or equivalent in respect of a Government/Semi Government organization or a PSU and only when they are supported by adequate proof of payment received by the contractor for the work done by him. The client’s certificate issued by the private organizations shall also accompany Tax Deducted at Source (TDS) certificates. Applications/tenders uploaded without the above certificates may be rejected. The Bank shall have the right to independently verify these certificates.

The Bank shall evaluate the said reports before processing the tenders and opening of price bid of the tenders. If any bidder is not found to possess the required eligibility for participating in the tendering process at any point of time and/or his performance reports received from his clients and/or his bankers are found unsatisfactory, the Bank reserves the right to reject his offer even after opening of Part-I of the tender. The Bank is not bound to assign any reason for doing so.

10. 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.

11. 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 there for.

The Schedule of e-Tender is as follows:

a. e-Tender Name Supply, Installation, Testing and Commissioning of a Passenger Lift (Capacity – 6 Persons) at Amenities Block at Reserve bank of India, Thiruvananthapuram.
b. e-Tender no RBI/Thiruvananthapuram/Estate/132/21-22/ET/178
c. Estimated Cost Rs 13.50 lakh
d. Mode of Tender e-Procurement System
Online Part I – Techno-Commercial Bid and Part II – Price Bid through (www.mstcecommerce.com/eprochome/rbi)
e. Date of NIT available to parties to download 17.00 Hrs onwards on September 28, 2021
f. Pre-Bid meeting 11.00 Hrs on October 05, 2021
g. Earnest Money Deposit Details for NEFT for EMD Payment of ₹27,000.00/-
Beneficiary Name: ESTATE(space)LIFT(space)Your Firm’s Name
Beneficiary Ac No: 8614038
IFSC: RBIS0THPA01
Remarks: ESTATE LIFT

OR

₹27,000.00/- (Rupees Twenty Seven Thousand Only) in the form of DD / BG (as per Annexure 3) in favour of Reserve Bank of India, Thiruvananthapuram, to be deposited in original at Estate Department, RBI, Thiruvananthapuram before 13.00 Hrs on October 21, 2021

h. 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 October 06, 2021
i. Last date of submission of EMD 13.00 Hrs on October 21, 2021
j. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid 14.00 Hrs on October 21, 2021
k. Date & time of Opening of Part I of e-Tender 15.00 Hrs on October 21, 2021
l. Date & Time of opening of Part- II (Financial Bid) Opening of Financial Bid shall be intimated separately
m. Transaction Fee To be paid through MSTC Payment Gateway/ NEFT/ RTGS in favour of MSTC Limited or as advised by M/s MSTC Ltd.

Regional Director for Kerala and Lakshadweep

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Reserve Bank of India – Press Releases

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In terms of GOI Notification F.No. 4(19)-W&M/2014 dated March 04, 2016 (SGB 2016 II- Issue date March 29, 2016) and Notification F.No. 4(7)-W&M/2016 dated August 29, 2016 (SGB 2016-17, Series II- Issue date September 30, 2016) of Sovereign Gold Bond (SGB) Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Therefore, the forthcoming due dates of premature redemption of the above tranches shall be September 29 and 30, 2021 respectively. Further, the redemption price of SGB shall be based on the simple average closing gold price of 999 purity [published by the India Bullion and Jewellers Association Ltd (IBJA)] of the week (Monday-Friday) preceding the date of redemption.

2. Accordingly, the redemption price for the premature redemption due on September 29 and 30, 2021 shall be ₹4652/- (Rupees Four thousand six hundred fifty-two only) per unit of SGB based on the simple average of closing gold price for the week September 20-24, 2021.

Ajit Prasad
Director   

Press Release: 2021-2022/945

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Reserve Bank of India – Tenders

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Reserve Bank of India, Jaipur invites e-Tender for Supply, Installation, Testing, Commissioning of Chilled Water cassette type and hi-wall type air conditioning units and associated piping at basement area of office Building at RBI, 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, Installation, Testing, Commissioning of Chilled Water cassette type and hi-wall type air conditioning units and associated piping at basement area of office Building at RBI, Jaipur
b. e-Tender no RBI/Jaipur/Estate/129/21-22/ET/175
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 September 28, 2021 after 05.00 PM
e. Earnest Money Deposit Rs 12,200 (Rs. Twelve thousand  two hundred 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)
f. Last date of submission of EMD October 29, 2021 up to 14.00 Hrs
EMD must be reflected in our account before the last date and time (October 29, 2021 up to 14.00 Hrs) of submission of tender.
MSE firms are exempted for submitting of EMD subject to submission of relevant certificate.
g. Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid at www.mstcecommerce.com/eprochome/rbi September 28, 2021 after 05.00 PM
h. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid October 29, 2021 up to 14.00 Hrs
i. Date & time of opening of Part-I
(i.e. Techno-Commercial Bid)

Date & Time of opening of Part-II
(i.e. Price Bid)

October 29, 2021 at 15.00 Hrs.

Date and time of opening of price bid will be informed separately to all the eligible bidders later.

j. Transaction Fee To be paid through MSTC Payment Gateway/NEFT/RTGS in favour of MSTC Limited or as advised by M/s MSTC Ltd.
k. Helpline 033 40645207, 033 40609118, 033 40645316, 033 22901004, 033 22895064 and 0141-2742208.
l. 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 – Tenders

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Estate Office, Mumbai Regional Office, Reserve Bank of India has invited limited e-tender for “Provision of anti-skid bituminous Mastic road carpet over the internal roads at Governor Bungalow, M L Dhanukar Marg, Mumbai” through MSTC portal (www.mstcecommerce.com/eprochome/rbi).

2. The schedule of tender activities for the captioned work has been revised as under:

a. Name of the work : Provision of anti-skid bituminous Mastic road carpet over the internal roads at Governor Bungalow, M L Dhanukar Marg, Mumbai
b. E-tender Number : RBI/Mumbai/Estate/77/21-22/ET/106
c. TOE start time (Opening of Part 1 – Technical Bid) : October 04, 2021 at 12.30 PM onwards
d. Close Bid date and time : October 04, 2021 at 12.00 PM
e. Opening of Part 2 – Price Bid : If no conditions are found, Part-II (Price Bid) shall also be opened on the same day. Otherwise, the same shall be opened on a subsequent date which shall be communicated to the eligible bidders

3. The remaining timelines remain unchanged.

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Reserve Bank of India – 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 500 500 6.93 17
500 500 6.94 20
2 Assam 600 600 6.85 10
3 Goa 100 100 6.83 10
4 Jammu and Kashmir 500 500 6.98 15
5 Kerala 1500 1500 6.99 15
6 Maharashtra 2000 2000 99.73/6.8169 Re-issue of 6.78% Maharashtra SDL 2031 Issued on May 25, 2021
7 Meghalaya 100 100 4.69 2
100 100 99.35/5.1899 Re-issue of 4.95% Meghalaya SDL 2024 Issued on September 08, 2021
8 Puducherry 123.86 123.86 5.96 5
9 Punjab* 1000 1000 6.84 10
1000 919.87 6.98 12
10 Rajasthan 1000 1000 6.23 6
1000 1000 6.94 12
11 Telangana 1000 1000 6.93 16
12 Tripura 300 300 6.99 15
13 Uttar Pradesh 2500 2500 6.84 10
14 West Bengal 3500 3500 6.99 15
  TOTAL 17323.86 17243.73    
* Punjab has accepted ₹919.87 crore in its 12 year security

Ajit Prasad
Director   

Press Release: 2021-2022/942

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Reserve Bank of India – 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) 406,171.74 3.27 1.95-5.15
     I. Call Money 6,409.18 3.15 1.95-3.45
     II. Triparty Repo 306,003.60 3.26 3.20-3.40
     III. Market Repo 93,708.96 3.31 2.00-3.40
     IV. Repo in Corporate Bond 50.00 5.15 5.15-5.15
B. Term Segment      
     I. Notice Money** 272.30 3.16 2.50-3.35
     II. Term Money@@ 30.00 3.10-3.45
     III. Triparty Repo 119.10 3.22 3.22-3.22
     IV. Market Repo 205.00 3.15 3.10-3.15
     V. Repo in Corporate Bond 1,505.00 3.60 3.60-3.60
  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, 27/09/2021 1 Tue, 28/09/2021 327,354.00 3.35
    (iii) Special Reverse Repo~          
    (iv) Special Reverse Repoψ          
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo          
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo          
           
3. MSF Mon, 27/09/2021 1 Tue, 28/09/2021 439.00 4.25
4. On Tap Targeted Long Term Repo Operations Mon, 27/09/2021 1095 Thu, 26/09/2024 600.00 4.00
5. Special Long-Term Repo Operations (SLTRO) for Small Finance Banks (SFBs)£          
6. Net liquidity injected from today’s operations
[injection (+)/absorption (-)]*
      -326,315.00  
II. Outstanding Operations
1. Fixed Rate          
    (i) Repo          
    (ii) Reverse Repo          
    (iii) Special Reverse Repo~ Fri, 24/09/2021 14 Fri, 08/10/2021 6,999.00 3.75
    (iv) Special Reverse Repoψ Fri, 24/09/2021 14 Fri, 08/10/2021 2,712.00 3.75
2. Variable Rate&          
  (I) Main Operation          
     (a) Reverse Repo Fri, 24/09/2021 14 Fri, 08/10/2021 344,515.00 3.60
  (II) Fine Tuning Operations          
     (a) Repo          
     (b) Reverse Repo Fri, 24/09/2021 4 Tue, 28/09/2021 50,001.00 3.44
  Tue, 21/09/2021 7 Tue, 28/09/2021 100,001.00 3.42
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
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$       25,395.80  
E. Net liquidity injected from outstanding operations [injection (+)/absorption (-)]*     -394,140.20  
F. Net liquidity injected (outstanding including today’s operations) [injection (+)/absorption (-)]*     -720,455.20  
G. Cash Reserves Position of Scheduled Commercial Banks
     (i) Cash balances with RBI as on 27/09/2021 635,947.10  
     (ii) Average daily cash reserve requirement for the fortnight ending 08/10/2021 630,489.00  
H. Government of India Surplus Cash Balance Reckoned for Auction as on¥ 27/09/2021 0.00  
I. Net durable liquidity [surplus (+)/deficit (-)] as on 10/09/2021 1,183,556.00  
@ 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.
~ 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: 2021-2022/941

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Reserve Bank of India – Press Releases

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Government of India (GOI) has announced the sale (issue / re-issue) of three dated securities for a notified amount of ₹24,000 crore as per the following details:

Sr No Security Date of Repayment Notified Amount
(₹ crore)
GoI specific Notification Auction Date Settlement Date
1 New GOI FRB 2028 * Oct 04, 2028 4,000 F.No.4(3)-B(W&M)/2021 dated September 27, 2021 October 01, 2021
(Friday)
October 04, 2021
(Monday)
2 6.10% GS 2031 July 12, 2031 13,000
3 6.76% GS 2061 Feb. 22, 2061 7,000
  Total   24,000      
* The base rate for the coupon payment for the period October 04, 2021 to April 03, 2022 for New GOI FRB 2028 shall be 3.40 per cent per annum.

2. GoI will have the option to retain additional subscription up to ₹2,000 crore each against one or more security/ies mentioned above.

3. The securities will be sold through Reserve Bank of India Mumbai Office, Fort, Mumbai – 400001. The sale will be subject to the terms and conditions spelt out in the ‘Specific Notification’ mentioned above and the General Notification F.No.4(2)–W&M/2018, dated March 27, 2018.

4. The auction will be conducted using uniform price method for New GOI FRB 2028, 6.10% GS 2031 and multiple price method for 6.76% GS 2061. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on October 01, 2021 (Friday). The non-competitive bids should be submitted between 10.30 a.m. and 11.00 a.m. and the competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. The result will be announced on the same day and payment by successful bidders will have to be made on October 04, 2021 (Monday).

5. Bids for underwriting of the Additional Competitive Underwriting (ACU) portion can be submitted by ‘Primary Dealers’ from 9.00 a.m. up to 9.30 a.m. on October 01, 2021 (Friday) on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

6. The Stocks will be eligible for “When Issued” trading for a period commencing from September 28, 2021 – October 01, 2021.

7. Operational guidelines for Government of India dated securities auction and other details are given in the Annex.

Ajit Prasad
Director   

Press Release: 2021-2022/940


ANNEX

Type of Auction

1. For multiple price-based auction, successful bids will get accepted at the respective quoted yield/price for the security. For uniform price-based auction, bids will get accepted at the cut off yield/price accepted in the auction.

2. The auction will be yield based for new security and price based for securities which are re-issued.

3. In case of a Floating Rate Bonds (FRB), the auction will be spread-based for new security and price based for securities which are reissued. At the time of placing bids for new FRB, the spread should be quoted in percentage terms.

Minimum Bid Size

4. The Stocks will be issued for a minimum amount of ₹10,000/- (nominal) and in multiples of ₹10,000/- thereafter.

Non-Competitive Segment

5. In all the auctions, Government Stock up to 5% of the notified amount of sale will be allotted to the eligible individuals and institutions under the Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities.

6. Each bank or Primary Dealer (PD) on the basis of firm orders received from their constituents will submit a single consolidated non-competitive bid on behalf of all its constituents in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

7. Allotment under the non-competitive segment to the bank or PD will be at the weighted average rate of yield/price of the successful bids that will emerge in the auction on the basis of the competitive bidding.

Submission of Bids

8. Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

9. Bids in physical form will not be accepted except in extraordinary circumstances.

Business Continuity Plan (BCP)-IT failure

10. Only in the event of system failure, physical bids will be accepted. Such physical bids should be submitted to the Public Debt Office, Mumbai through (email; Phone no: 022-22632527, 022-22701299) in the prescribed form which can be obtained from RBI website (https://www.rbi.org.in/Scripts/BS_ViewForms.aspx) before the auction timing ends.

11. In case of technical difficulties, Core Banking Operations Team should be contacted (email; Phone no: 022-27595666, 022-27595415, 022-27523516).

12. For other auction related difficulties, IDMD auction team can be contacted (email; Phone no: 022-22702431, 022-22705125).

Multiple Bids

13. An investor can submit more than one competitive bid in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system.

14. However, the aggregate amount of bids submitted by a person in an auction should not exceed the notified amount of auction.

Decision Making Process

15. On the basis of bids received, the Reserve Bank will determine the minimum price up to which tenders for purchase of Government Stock will be accepted at the auctions.

16. Bids quoted at rates lower than the minimum price determined by the Reserve Bank of India will be rejected.

17. Reserve Bank of India will have the full discretion to accept or reject any or all bids either wholly or partially without assigning any reason.

Issue of Securities

18. Issue of securities to the successful bidders will be by credit to Subsidiary General Ledger Account (SGL) of parties maintaining such account with Reserve Bank of India or in the form of Stock Certificate.

Periodicity of Interest Payment

19. Interest on the Government Stock will generally be paid half-yearly other than in case of securities with non-standard maturities. The exact periodicity of coupon payment is invariably mentioned in the specific notification for the issue of security.

Underwriting of the Government Securities

20. The underwriting of the Government Securities under auctions by the ‘Primary Dealers’ will be as per the “Revised Scheme of Underwriting Commitment and Liquidity Support” announced by the Reserve Bank vide circular RBI/2007-08/186 dated November 14, 2007 as amended from time to time.

Eligibility for Repurchase Transactions (Repo)

21. The Stocks will eligible for Repurchase Transactions (Repo) as per the conditions mentioned in Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018 (Reserve Bank) Directions, 2018 as amended from time to time.

Eligibility for ‘When Issued’ Trading

22. The Stocks will be eligible for “When Issued” trading in accordance with the guidelines on ‘When Issued transactions in Central Government Securities’ issued by the Reserve Bank of India vide circular No. RBI/2018-19/25 dated July 24, 2018 as amended from time to time.

Investment by Non-Residents

23. Investments by Non-Residents are subject to the guidelines on ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities and Investment by Foreign Portfolio Investors (FPI) in Government Securities: Medium Term Framework (MTF).

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Reserve Bank of India – Press Releases

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To enable institutional and retail investors to plan their investments efficiently and provide transparency and stability to the Government securities market, an indicative calendar for issuance of Government dated securities for the second half of the fiscal year 2021-22 (October 01, 2021 to March 31, 2022) has been prepared in consultation with the Government of India.

The second half borrowing programme of the Government of India is expected to be completed by February 2022.

The issuance calendar is as under:

Calendar for Issuance of Government of India Dated Securities
(October 01, 2021 to March 31, 2022)
Sr. No. Auction Week Amount in
(₹ Crore)
Security-wise Allocation
1 September 27-October 01, 2021 24,000 i) 10 Years for ₹13,000 crore
ii) FRB ₹4,000 crore
iii) 40 Years for ₹7,000 crore
2 October 04-08, 2021 24,000 i) 02 Years for ₹2,000 crore
ii) 05 Years for ₹6,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹7,000 crore
3 October 11-14, 2021 24,000 i) 10 Years for ₹13,000 crore
ii) FRB ₹4,000 crore
iii) 40 Years for ₹7,000 crore
4 October 18-22, 2021 24,000 i) 02 Years for ₹2,000 crore
ii) 05 Years for ₹6,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹7,000 crore
5 October 25-29, 2021 24,000 i) 10 Years for ₹13,000 crore
ii) FRB ₹4,000 crore
iii) 40 Years for ₹7,000 crore
6 November 08-12, 2021 24,000 i) 02 Years for ₹2,000 crore
ii) 05 Years for ₹6,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹7,000 crore
7 November 15-18, 2021 24,000 i) 10 Years for ₹13,000 crore
ii) FRB ₹4,000 crore
iii) 40 Years for ₹7,000 crore
8 November 22-26, 2021 24,000 i) 02 Years for ₹2,000 crore
ii) 05 Years for ₹6,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹7,000 crore
9 November 29-December 03, 2021 24,000 i) 10 Years for ₹13,000 crore
ii) FRB ₹4,000 crore
iii) 40 Years for ₹7,000 crore
10 December 06-10, 2021 24,000 i) 02 Years for ₹2,000 crore
ii) 05 Years for ₹6,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹7,000 crore
11 December 13-17, 2021 24,000 i) 10 Years for ₹13,000 crore
ii) FRB ₹4,000 crore
iii) 40 Years for ₹7,000 crore
12 December 20-24 2021 24,000 i) 02 Years for ₹2,000 crore
ii) 05 Years for ₹6,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹7,000 crore
13 December 27-31 2021 24,000 i) 10 Years for ₹13,000 crore
ii) FRB ₹4,000 crore
iii) 40 Years for ₹7,000 crore
14 January 03-07, 2022 24,000 i) 02 Years for ₹2,000 crore
ii) 05 Years for ₹6,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹7,000 crore
15 January 10-14, 2022 24,000 i) 10 Years for ₹13,000 crore
ii) FRB ₹4,000 crore
iii) 40 Years for ₹7,000 crore
16 January 17-21, 2022 24,000 i) 02 Years for ₹2,000 crore
ii) 05 Years for ₹6,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹7,000 crore
17 January 24-28, 2022 24,000 i) 10 Years for ₹13,000 crore
ii) FRB ₹4,000 crore
iii) 40 Years for ₹7,000 crore
18 January 31-February 04, 2022 24,000 i) 02 Years for ₹2,000 crore
ii) 05 Years for ₹6,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹7,000 crore
19 February 07-11, 2022 24,000 i) 10 Years for ₹13,000 crore
ii) FRB ₹4,000 crore
iii) 40 Years for ₹7,000 crore
20 February 14-18, 2022 24,000 i) 02 Years for ₹2,000 crore
ii) 05 Years for ₹6,000 crore
iii) 14 Years for ₹9,000 crore
iv) 30 Years for ₹7,000 crore
21 February 21-25, 2022 23,000 i) 10 Years for ₹13,000 crore
ii) FRB ₹4,000 crore
iii) 40 Years for ₹6,000 crore
Total 5,03,000  

2. As hitherto, all the auctions covered by the calendar will have the facility of non-competitive bidding scheme under which 5 per cent of the notified amount will be reserved for the specified retail investors.

3. Like in the past, the Reserve Bank of India in consultation with the Government of India, will continue to have the flexibility to bring about modifications in the above calendar in terms of notified amount, issuance period, maturities, etc. and to issue different types of instruments, including instruments having non-standard maturity and floating rate bonds (FRBs), including CPI linked inflation linked bonds, depending upon the requirement of the Government of India, evolving market conditions and other relevant factors, after giving due notice to the market. The calendar is subject to change, if circumstances so warrant, including for reasons such as intervening holidays. Such changes shall be communicated through Press Releases.

4. The Reserve Bank of India in consultation with the Government of India, reserves the right to exercise the green-shoe option to retain additional subscription up to ₹2000 crore each against one or more security/ies indicated in the auction notification.

5. RBI will also be conducting switches of dated securities through auction on every third Monday of the month or at more frequent intervals. In case third Monday is a holiday, switch auction will be conducted on fourth Monday of the month.

6. The auction of dated securities will be subject to the terms and conditions specified in the General Notification No. F.4(2)-W&M/2018 dated March 27, 2018 issued by the Government of India, as amended from time to time.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/937

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