Category: RBI News

Reserve Bank of India – Tenders

Tenders

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Please refer to the tender notice published on the Bank’s website www.rbi.org.in on August 13, 2021 inviting quotations from eligible vendors for the Application for Empanelment of Contractors for Civil, Electrical, Other Works, Architects and Structural Consultants etc. wherein last date of submission of applications was specified as 4:00 PM on September 13, 2021.

Extension of Time:

It is advised that the time for submission of applications has been extended to 04:00 PM on September 21, 2021. All other terms and conditions mentioned in the above tender Document remains unchanged.

Regional Director
Nagpur

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Reserve Bank of India – Press Releases

Press Releases

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The Result of the auction of State Development Loans for 11 State Governments held on September 14, 2021.

Table
(Amount in ₹ crore)
  ANDHRA PRADESH 2036 ASSAM 2031 CHHATTISGARH 2028 GOA 2031
Notified Amount 1000 600 1000 100
Tenure 15 10 7 10
Competitive Bids Received        
(i) No. 104 54 75 22
(ii) Amount 3275 2820 7715 720
Cut-off Yield (%) 6.98 6.87 6.53 6.85
Competitive Bids Accepted        
(i) No. 10 14 11 3
(ii) Amount 954.853 559 940.995 94
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 78.0444 37.381 48.9298 54
(ii) No. (8 bids) (6 bids) (3 bids) (1 bid)
Non – Competitive Bids Received        
(i) No. 6 8 10 5
(ii) Amount 45.147 41 59.005 6
Non-Competitive Price (₹) 100.05 100.05 100.05 100.05
Non-Competitive Bids Accepted        
(i) No. 6 8 10 5
(ii) Amount 45.147 41 59.005 6
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage – – – –
(ii) No. – – – –
Weighted Average Yield (%) 6.9747 6.8636 6.5203 6.8436
Total Allotment Amount 1000 600 1000 100

  JHARKHAND 2031 MADHYA PRADESH 2031 MAHARASHTRA 2033 MAHARASHTRA 2034
Notified Amount 500 2000 2000 2000
Tenure 10 10 12 13
Competitive Bids Received        
(i) No. 51 152 173 157
(ii) Amount 2400 11695 8843 6967.5
Cut-off Yield (%) 6.87 6.85 6.91 6.91
Competitive Bids Accepted        
(i) No. 11 22 25 5
(ii) Amount 459.998 1800 1885.008 1867.948
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 33.684 58.3333 37.2858 81.9382
(ii) No. (8 bids) (11 bids) (13 bids) (3 bids)
Non – Competitive Bids Received        
(i) No. 10 15 10 13
(ii) Amount 40.002 230.233 114.992 132.052
Non-Competitive Price (₹) 100.02 100.05 100.09 100.05
Non-Competitive Bids Accepted        
(i) No. 10 15 10 13
(ii) Amount 40.002 200 114.992 132.052
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage – 86.8685 – –
(ii) No. – (15 bids) – –
Weighted Average Yield (%) 6.867 6.8425 6.899 6.9046
Total Allotment Amount 500 2000 2000 2000

  MANIPUR 2031 PUNJAB 2031 UTTAR PRADESH 2031 WEST BENGAL 2036
Notified Amount 147 1000 2500 1000
Tenure 10 Re-issue of 6.89% Punjab SDL 2031 Issued on September 08, 2021 10 15
Competitive Bids Received        
(i) No. 12 69 141 90
(ii) Amount 439 3580 14225 3932.7
Cut-off Yield (%) 6.87 6.8785 6.87 6.98
Competitive Bids Accepted        
(i) No. 3 10 31 9
(ii) Amount 141.126 945.49 2276.686 939.799
Partial Allotment Percentage of Competitive Bids        
(i) Percentage 68.4328 67.745 19.1226 52.2575
(ii) No. (2 bids) (1 bid) (15 bids) (8 bids)
Non – Competitive Bids Received        
(i) No. 6 8 16 7
(ii) Amount 5.874 54.51 223.314 60.201
Non-Competitive Price (₹) 100.01 100.13 100.09 100.02
Non-Competitive Bids Accepted        
(i) No. 6 8 16 7
(ii) Amount 5.874 54.51 223.314 60.201
Partial Allotment Percentage of Non-Competitive Bids        
(i) Percentage – – – –
(ii) No. – – – –
Weighted Average Yield (%) 6.8686 6.8715 6.8579 6.9773
Total Allotment Amount 147 1000 2500 1000

  Total
Notified Amount 13847
Tenure  
Competitive Bids Received  
(i) No. 1100
(ii) Amount 66612.2
Cut-off Yield (%)  
Competitive Bids Accepted  
(i) No. 154
(ii) Amount 12864.903
Partial Allotment Percentage of Competitive Bids  
(i) Percentage  
(ii) No.  
Non – Competitive Bids Received  
(i) No. 114
(ii) Amount 1012.330
Non-Competitive Price (₹)  
Non-Competitive Bids Accepted  
(i) No. 114
(ii) Amount 982.097
Partial Allotment Percentage of Non-Competitive Bids  
(i) Percentage  
(ii) No.  
Weighted Average Yield (%)  
Total Allotment Amount 13847

Ajit Prasad
Director   

Press Release: 2021-2022/863

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Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India (RBI) has imposed, by an order dated September 14, 2021, a monetary penalty of ₹5.00 lakh (Rupees five lakh only) on The Kuppam Co-operative Town Bank Ltd., Kuppam, Chittoor District., Andhra Pradesh (the bank) for contravention of / non-compliance with certain provisions of the directions issued by RBI contained in the Master Circular on Income Recognition, Asset Classification, Provisioning and other related Matters – UCB’s dated July 01, 2015 and Master Circular on Board of Directors – UCBs dated July 01, 2015. 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.

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 Inspection report of the bank based on its financial position as on March 31, 2019 revealed, inter alia contravention of / non-compliance with the directions issued by RBI on “Income Recognition, Asset Classification, Provisioning and other related Matters – UCB’s and also on Board of Directors – UCBs”. Based on 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 directions.

After considering the bank’s written reply and oral submissions made during the personal hearing, RBI came to the conclusion that the aforesaid charges of non-compliance with RBI directions were substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/862

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Reserve Bank of India – Tenders

Tenders

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The Department of Economic & Policy Research, Central Office, Reserve Bank of India (hereinafter referred to as ‘’the Bank’’) invites e-Tenders from eligible tenderers for the Supply of Indian and Foreign Newspapers at Department of Economic & Policy Research, Reserve Bank of India, Central Office, Mumbai, subject to the terms and conditions of this Tender. The contract will be valid for a period of 1 year from 1st October 2021 to 30th September 2022 and is extendable on a yearly basis for a maximum of two more years or other shorter periods, on mutual consent, subject to satisfactory service rendered by the Tenderer.

The Tendering will be done through the e-Tendering portal of MSTC Ltd. (https://www.mstcecommerce.com/eprochome/rbi). Interested tenderers must register themselves with MSTC Ltd through the above-mentioned website to participate in the tendering process.

Tender document can be downloaded from both RBI and MSTC website www.rbi.org.in under tender section and www.mstcecommerce.com. Any Amendment(s) / Corrigendum / Clarification(s) with respect to this Tender shall be uploaded only on the RBI website / MSTC e-portal and will not be published in the newspaper. The Tenderer should check the above website / e-portal for any Amendment / Corrigendum / Clarification before submitting the bid. The Bank shall have the right to cancel, modify the Tender and extend the deadline for submission of Tender. Further, the Bank reserves the right to accept any Tender, either in full or in part and to reject any or all the Tenders without assigning any reason thereof.

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Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India (RBI) has imposed monetary penalty of ₹2.44 lakh (Rupees two lakh forty four thousand only) on Spice Money Limited (the entity) for contravention of / non-compliance with certain provisions of the directions issued by RBI contained in the Master Direction on Issuance and Operation of PPIs in India dated October 11, 2017 (updated as on November 17, 2020).

The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 30 of the Payment and Settlement Systems Act, 2007. 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 entity with its customers.

Background

It was observed that the entity was non-compliant with the directions issued by RBI on maintenance of escrow account balance. Accordingly, notice was issued to the entity advising it to show cause as to why penalty should not be imposed for non-compliance with the directions.

After considering the entity’s written responses and oral submissions made during the personal hearings, RBI concluded that the aforesaid charges of non-compliance with RBI directions were substantiated and warranted imposition of monetary penalty.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/861

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Supply of Indian and Foreign Magazines at Department of Economic & Policy Research, Reserve Bank of India, Central Office, Mumbai

Tenders

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The Department of Economic & Policy Research, Central Office, Reserve Bank of India (hereinafter referred to as ‘’the Bank’’) invites e-Tenders from eligible tenderers for the Supply of Indian and Foreign Magazines at Department of Economic & Policy Research, Reserve Bank of India, Central Office, Mumbai, subject to the terms and conditions of this Tender. The contract will be valid for a period of 1 year from 1st October 2021 to 30th September 2022 and is extendable on a yearly basis for a maximum of two more years or other shorter periods, on mutual consent, subject to satisfactory service rendered by the Tenderer.

The Tendering will be done through the e-Tendering portal of MSTC Ltd. (https://www.mstcecommerce.com/eprochome/rbi). Interested tenderers must register themselves with MSTC Ltd through the above-mentioned website to participate in the tendering process.

Tender document can be downloaded from both RBI and MSTC website www.rbi.org.in under tender section and www.mstcecommerce.com. Any Amendment(s) / Corrigendum / Clarification(s) with respect to this Tender shall be uploaded only on the RBI website / MSTC e-portal and will not be published in the newspaper. The Tenderer should check the above website / e-portal for any Amendment / Corrigendum / Clarification before submitting the bid. The Bank shall have the right to cancel, modify the Tender and extend the deadline for submission of Tender. Further, the Bank reserves the right to accept any Tender, either in full or in part and to reject any or all the Tenders without assigning any reason thereof.

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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 6.98 15
2 Assam 600 600 6.87 10
3 Chhattisgarh 1000 1000 6.53 7
4 Goa 100 100 6.85 10
5 Jharkhand 500 500 6.87 10
6 Madhya Pradesh 2000 2000 6.85 10
7 Maharashtra 2000 2000 6.91 12
2000 2000 6.91 13
8 Manipur 147 147 6.87 10
9 Punjab 1000 1000 100.08/6.8785 Re-issue of 6.89% Punjab SDL 2031 Issued on September 08, 2021
10 Uttar Pradesh 2500 2500 6.87 10
11 West Bengal 1000 1000 6.98 15
  TOTAL 13847 13847    

Ajit Prasad
Director   

Press Release: 2021-2022/860

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Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India (RBI) and the Monetary Authority of Singapore (MAS) announce a project to link their respective fast payment systems viz. Unified Payments Interface (UPI) and PayNow. The linkage is targeted for operationalisation by July 2022.

The UPI-PayNow linkage will enable users of each of the two fast payment systems to make instant, low-cost fund transfers on a reciprocal basis without a need to get onboarded onto the other payment system.

The UPI-PayNow linkage is a significant milestone in the development of infrastructure for cross-border payments between India and Singapore, and closely aligns with the G20’s financial inclusion priorities of driving faster, cheaper and more transparent cross-border payments. The linkage builds upon the earlier efforts of NPCI International Private Limited (NIPL) and Network for Electronic Transfers (NETS) to foster cross-border interoperability of payments using cards and QR codes, between India and Singapore and will further anchor trade, travel and remittance flows between the two countries. This initiative is also in line with RBI’s vision of reviewing corridors and charges for inbound cross-border remittances outlined in the Payment Systems Vision Document 2019-21.

UPI is India’s mobile based, ‘fast payment’ system that facilitates customers to make round the clock payments instantly using a Virtual Payment Address (VPA) created by the customer. This eliminates the risk of sharing bank account details by the remitter. UPI supports both Person to Person (P2P) and Person to Merchant (P2M) payments as also it enables a user to send or receive money.

PayNow is the fast payment system of Singapore which enables peer-to-peer funds transfer service, available to retail customers through participating banks and Non-Bank Financial Institutions (NFIs) in Singapore. It enables users to send and receive instant funds from one bank or e-wallet account to another in Singapore by using just their mobile number, Singapore NRIC/FIN, or VPA.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/858

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Reserve Bank of India – Tenders

Tenders

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E-tender no. RBI/Guwahati/Guwahati/7/21-22/ET/144

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

The tender forms can be downloaded from http://www.rbi.org.in and https://www.mstcecommerce.com up to 14:00 Hrs. on 07.10.2021. Your tender, duly filled-in and e-signed, should be submitted by e-tendering only through https://www.mstcecommerce.com.

1. Estimated cost :- ₹ 15,50,000/-

2. Earnest Money :- ₹ 31,000/-

3. Event View date & time:- from 11:00 hours on 14.09.2021

4. Date of pre-bid meeting:- From 11:00 hours to 14:00 hours on 24.09.2021

5. Bid start date & time:- 14.09.2021 at 11:00 hours.

6. Bid close date & time:- 07.10.2021 at 14:00 hours.

7. TOE start time:- 07.10.2021 at 15:30 hours.

8. Time allowed for completion of the work: 60 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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