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The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period August 02 – August 06, 2021.
Ajit Prasad Press Release: 2021-2022/904 |
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Ajit Prasad Press Release: 2021-2022/903 |
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Tender for Conducting Electrical Safety Audit of Bank’s Campus at College of Agricultural Banking, Reserve Bank of India, Pune – 411 016. The Schedule of the tender is given below:
Principal |
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Ajit Prasad Press Release: 2021-2022/902 |
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Tender No.: RBI/Chandigarh/Issue/2/21-22/ET/96 The captioned advertisement for inviting “E-Tender for providing Catering and Maintenance Services at the Officers’ Lounge and Dining Room (OLDR) and the Staff Canteen at Reserve Bank of India, Chandigarh” was published on August 14, 2021 in the newspapers namely Jag Bani, The Tribune and Punjab Kesari. The same was uploaded on the MSTC portal (https://www.mstcecommerce.com/eprochome/rbi/) and RBI website on August 17, 2021. The last date for submission of bids was decided as September 13, 2021, 1400 hours, which was further extended to September 21, 2021 (1400 hrs). Extension of Last Date of Submission: – 1. It has been decided to further extend the last date for submission of bids to September 28, 2021 till 14:00 hours. The Part-I i.e. Technical Bid of the e-tender will be opened on September 28, 2021 at 16:00 hours. Part-II, i.e., Price Bid will be opened only in respect of the tenderers/ bidders satisfying all criteria stipulated in Part-I, on a later date to be intimated by the Bank. 2. Tenderers /Bidders who have already submitted their bid/tender pursuant to the e-tender notice dated August 17, 2021 need not submit their bids again. 3. All other terms and conditions of this e-tender shall remain unchanged. Regional Director |
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The Reserve Bank of India (RBI) has, by an order dated September 21, 2021, imposed a monetary penalty of ₹1.00 lakh (Rupees one lakh only) on Porbandar Commercial Co-operative Bank Ltd., Porbandar (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Loans and advances to directors, relatives and firms /concerns in which they are interested’. This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI. 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 bank with its customers. Background The statutory inspection of the bank conducted by the RBI with reference to the bank’s financial position as on March 31, 2019, the Inspection Report pertaining thereto and examination of all related correspondence revealed, inter alia, non-compliance with aforesaid directions issued by the RBI. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for non-compliance with the aforesaid directions issued by the RBI. After considering the bank’s reply to the notice and oral submissions made during the personal hearing, the RBI came to the conclusion that the aforesaid charge was substantiated and warranted imposition of monetary penalty. (Yogesh Dayal) Press Release: 2021-2022/899 |
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The rate of interest on Government of India Floating Rate Bonds, 2033 (GOI FRB 2033) applicable for the half year September 22, 2021 to March 21, 2022 shall be 4.62 percent per annum. It may be recalled that FRB, 2033 will carry a coupon, which will have a Base rate equivalent to the average of the Weighted Average Yield (WAY) of last 3 auctions of 182 Day T-Bills, plus a fixed spread (1.22%). Ajit Prasad Press Release: 2021-2022/900 |
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Ajit Prasad Press Release: 2021-2022/897 |
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