Reserve Bank of India – 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

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1. Reserve Bank of India invites competitive e-tenders/ e-bids for Reserve Bank of India invites competitive e-tenders/ e-bids for Design, Supply, Installation, Testing and Commissioning (DSITC) of Grid Interactive SPV based 104 KWp Solar Power Plant (SPP) for RBI at Byculla Office Building, RBI Officers Quarters at BKC, RBI Officers Quarters at Kailash, Malad (East), RBI Staff Quarters at Bhandup and RBI Staff Quarters at Chembur in Mumbai from eligible bidders as per the specified pre-qualification criteria. The work is estimated to cost of ₹60 Lakhs and the contract duration shall be 16 weeks from the 14th day of work order.

2. The Earnest Money Deposit (EMD) shall be submitted in the form of Demand Draft, NEFT or Bank Guarantee from scheduled bank. The Demand Draft shall be submitted in sealed cover addressed by name to Shri Ajay Michyari, Regional Director, Reserve Bank of India, Bandra Kurla Complex, Mumbai – 400051 so as to reach Estate Office, Bandra Kurla Complex, Reserve Bank of India, Mumbai – 400051 up to 2.00 PM on October 11, 2021 superscribed as “EMD for Design, Supply, Installation, Testing and Commissioning (DSITC) of Grid Interactive SPV based 104 KWp Solar Power Plant (SPP) for RBI at Byculla Office Building, RBI Officers Quarters at BKC, RBI Officers Quarters at Kailash, Malad (East), RBI Staff Quarters at Bhandup and RBI Staff Quarters at Chembur in Mumbai. Online tenders will be available for viewing /downloading by all firms till 02:00 PM on October 11, 2021.

3. All the Pre-Qualification papers shall be submitted by hard copy or e-mail on or before September 16, 2021. The same shall be examined by the Bank and the eligible participants shall be intimated accordingly.

4. 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 (Price Bid):

a) The intending bidder must have minimum 5 years of experience in carrying out similar nature of works viz. Design, Supply, Installation, Testing and Commissioning (DSITC) of Grid Interactive SPV based Solar Power Plant (SPP). The similar work* should have been completed on or before March 31, 2016.

b) The intending bidder must have executed successfully “Design, Supply, Installation, Testing and Commissioning (DSITC) of Grid Interactive SPV based Solar Power Plant (SPP), during last five years ending on March 31, 2021 as under:

(a) Three works each costing not less than 40% of Rs. 60 Lakh

OR

(b) Two works each costing not less than 50% of Rs. 60 Lakh

OR

(c) One work costing not less than 80% of Rs. 60 Lakh

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

d) Should furnish solvency certificate issued by applicant’s Banker for the estimated cost of work.

5. In addition to above, intending bidders shall also submit following details and supporting documents along with PQ papers for Bank’s examination:

(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/other relevant document.
(b) Work experience & Completion of similar works of specified value during the specified period Copies of the detailed work orders 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 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 8) 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 Service setup Full fledged service setup should be available for the specified job either at Mumbai or at nearby city/place wherefrom required quality after sales services can be regularly provided.
(j) Details of registration and copies of registration certificate/ documents for PAN
GST
Office of Labour Commissioner, if applicable

6. In the event of intending bidder’s failure to satisfy the Bank; the Bank reserves the right to not allow him to participate in tendering process.

7. A pre-bid meeting (off-line mode) of the intending bidders will be held on October 01, 2021 at 11.00 AM at Estate Office, BKC, Reserve Bank of India, Mumbai. The duly filled in tender documents shall be uploaded on MSTC site till 2.00 PM on October 11, 2021. No further clarifications/queries will be entertained after the pre-bid meeting.

8. (a) Tender forms can be downloaded for viewing from the website www.mstcecommerce.com w.e.f. August 26, 2021 from 5.00 PM.

(b) EMD of ₹ 1,20,000/- (Rupees One Lakh Twenty Thousand only) in the form of DD, NEFT or Bank Guarantee issued by a scheduled Bank should be submitted on or before 2.00PM on October 11, 2021.

(c) Tenderers shall submit all the information and the documents as mentioned in the tender.

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

9. Part I of the tenders will be opened on-line at 3.30 PM on October 12, 2021 in the presence of the authorized representative of the bidders who choose to be present. 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.

10. The applicants/tenderers have to upload

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

  2. Banker’s certificate as per format given in the tender 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.

11. 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.

12. 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.

Regional Director

Mumbai :
Date :


Schedule of Tender (SOT)

Name of Work: Design, Supply, Installation, Testing and Commissioning (DSITC) of Grid Interactive SPV based 104 KWp Solar Power Plant (SPP) for RBI at Byculla Office Building, RBI Officers Quarters at BKC, RBI Officers Quarters at Kailash, Malad (East), RBI Staff Quarters at Bhandup and RBI Staff Quarters at Chembur in Mumbai
a. E-Tender NO RBI/Mumbai/Estate/79/21-22/ET/108
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. Estimated cost of work ₹ 60 Lakhs (Rupees Sixty lakhs only)
d. Date of NIT available to parties to download
(View Tender Time)
August 26, 2021 from 05:00 PM onwards
e. Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid (Start Bid Date and Time) www.mstcecommerce.com/eprochome/rbi August 26, 2021 from 05:00 PM onwards
f. last date of submission of Pre-qualification documents September 16, 2021 till 05.00 PM
g. Schedule of Off line pre-bid meeting of eligible bidders only. October 01, 2021 at 11.00 AM at Estate Office, BKC, Reserve Bank of India, Mumbai
h. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid (Close Bid Date and Time) October 11, 2021 till 2.00 PM
i. Date & time of opening of Part-I (i.e. Techno-Commercial Bid) October 12, 2021 from 3.30 PM onwards
j. Date and Time of Opening of Part II (Price Bid) Shall be intimated to the eligible bidders subsequently
k. Earnest Money Deposit (EMD) ₹ 1,20,000/- (Rupees One Lakh Twenty Thousand only) by NEFT, in the form of DD or Bank Guarantee from scheduled bank on or before 2:00 PM on October 11, 2021.

The DD shall be submitted in sealed cover addressed by name to Shri Ajay Michyari, Regional Director, Bandra Kurla Complex, Reserve Bank of India, Mumbai -400051 so as to reach Estate Office, BKC, Reserve Bank of India, Mumbai- 400051

NEFT Details
A/c No – 04861436223
IFSC CODE – RBIS0MBPA04
(5th & second from last digit are zero)

l. Last date of submission of EMD 1,20,000/- (Rupees One Lakh Twenty Thousand only) October 11, 2021 till 2.00 PM
m. Transaction Fees
(To be paid in consultation with MSTC preferably one day prior to the final date of submission)
Rs. 3000/- plus GST @18%
To be paid through MSTC payment Gateway/ NEFT/RTGS in favour Of MSTC Ltd.

Regional Director

Mumbai :
Date :

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Reserve Bank of India – Press Releases

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I. SUMMARY – PURCHASE RESULTS

Aggregate Amount (Face Value) notified by RBI : ₹25,000 crore
Total amount offered (Face Value) by participants : ₹72,822 crore
Total amount accepted (Face Value) by RBI : ₹25,000 crore

II. DETAILS OF PURCHASE ISSUE

Security 7.59% GS 2026 8.28% GS 2027 7.59% GS 2029 7.88% GS 2030 6.64% GS 2035
No. of offers received 76 52 89 82 267
Total amount (face value) offered (₹ in crore) 8,762 4,686 12,739 8,614 38,021
No. of offers accepted 20 14 39 29 50
Total offer amount (face value) accepted by RBI (₹ in crore) 4,496 2,105 7,622 4,376 6,401
Cut off yield (%) 5.6935 6.0700 6.3421 6.4527 6.8192
Cut off price (₹) 107.24 111.07 107.40 109.27 98.40
Weighted average yield (%) 5.7336 6.0888 6.3856 6.4629 6.8215
Weighted average price (₹) 107.08 110.97 107.13 109.20 98.38
Partial allotment % of competitive offers at cut off price NA NA NA NA 64.26

Ajit Prasad
Director   

Press Release: 2021-2022/750

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Reserve Bank of India – Press Releases

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The Reserve Bank of India will conduct a Variable Rate Reverse Repo auction on August 27, 2021, Friday, as under:

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 3,00,000 13
(September 10, 2021 being a holiday)
10:30 AM to 11:00 AM September 09, 2021
(Thursday)

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.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/749

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Reserve Bank of India – Press Releases

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Security 7.59% GS 2026 8.28% GS 2027 7.59% GS 2029 7.88% GS 2030 6.64% GS 2035
Total amount notified (₹ in crore) Aggregate amount of ₹25,000 crore
(no security-wise notified amount)
Total amount (face value) accepted by RBI (₹ in crore) 4,496 2,105 7,622 4,376 6,401
Cut off yield (%) 5.6935 6.0700 6.3421 6.4527 6.8192
Cut off price (₹) 107.24 111.07 107.40 109.27 98.40

Detailed results will be issued shortly.

Ajit Prasad
Director   

Press Release: 2021-2022/748

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Reserve Bank of India – Tenders

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1. Reserve Bank of India invites competitive e-tenders/ e-bids for Reserve Bank of India invites competitive e-tenders/ e-bids for Supply, Installation, Testing and Commissioning (SITC) of 120 Nos. Sealed Maintenance Free (SMF), Valve regulated Lead Acid batteries (12 V, 150 AH) having Fire retardant casing at Bank’s Office Building at Bandra Kurla Complex in Mumbai from eligible bidders as per the specified pre-qualification criteria. The work is estimated to cost of ₹16 Lakhs and the contract duration shall be 12 weeks from the 14th day of work order.

2. The Earnest Money Deposit (EMD) shall be submitted in the form of Demand Draft or NEFT. The Demand Draft shall be submitted in sealed cover addressed by name to Shri Ajay Michyari, Regional Director, Reserve Bank of India, Bandra Kurla Complex, Mumbai – 400051 so as to reach Estate Office, Bandra Kurla Complex, Reserve Bank of India, Mumbai – 400051 up to 2.00 PM on October 11, 2021 superscribed as “EMD Supply, Installation, Testing and Commissioning (SITC) of 120 Nos. Sealed Maintenance Free (SMF), Valve regulated Lead Acid batteries (12 V, 150 AH) having Fire retardant casing at Bank’s Office Building at Bandra Kurla Complex in Mumbai. Online tenders will be available for viewing /downloading by all firms till 02:00 PM on October 11, 2021.

3. All the Pre-Qualification papers shall be submitted by hard copy or e-mail on or before September 16, 2021 till 05.00 PM. The same shall be examined by the Bank and the eligible participants shall be intimated accordingly.

4. 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 (Price Bid):

a) Only OEM or its Authorized dealer with valid Authorization certificate having minimum 5 years of experience in the field of undertaking similar work viz. Supply, Installation, Testing and Commissioning (SITC) of Sealed Maintenance Free (SMF), Valve regulated Lead Acid batteries having Fire retardant casing. The similar work should have been completed on or before March 31, 2016.

b) The intending bidder must have executed successfully “Supply, Installation, Testing and Commissioning (SITC) of Sealed Maintenance Free (SMF), Valve regulated Lead Acid batteries (having Fire retardant casing” during last five years ending on March 31, 2021 as under:

(a) Three works each costing not less than 40% of Rs. 16 Lakh

OR

(b) Two works each costing not less than 50% of Rs. 16 Lakh

OR

(c) One work costing not less than 80% of Rs. 16 Lakh

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

d) Should furnish solvency certificate issued by applicant’s Banker for the estimated cost of work.

5. In addition to above, intending bidders shall also submit following details and supporting documents along with PQ papers for Bank’s examination:

(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/other relevant document.
(b) Work experience & Completion of similar works of specified value during the specified period Copies of the detailed work orders 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 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 D) 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 Service setup Full fledged service setup should be available for the specified job either at Mumbai or at nearby city/place wherefrom required quality after sales services can be regularly provided.
(j) Details of registration and copies of registration certificate/ documents for PAN
GST
Office of Labour Commissioner, if applicable

6. In the event of intending bidder’s failure to satisfy the Bank; the Bank reserves the right to not allow him to participate in tendering process.

7. A pre-bid meeting (off-line mode) of the intending bidders will be held on October 01, 2021 at 03.00 PM at Estate Office, BKC, Reserve Bank of India, Mumbai. The duly filled in tender documents shall be uploaded on MSTC site till 2.00 PM on October 11, 2021. No further clarifications/queries will be entertained after the pre-bid meeting.

8. (a) Tender forms can be downloaded for viewing from the website www.mstcecommerce.com w.e.f. August 26, 2021 from 05.00 PM.

(b) EMD of ₹ 32,000/- (Rupees Thirty Two Thousand only) in the form of NEFT or DD issued by a scheduled Bank should be submitted on or before 2.00 PM on October 11, 2021.

(c) Tenderers shall submit all the information and the documents as mentioned in the tender.

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

9. Part I of the tenders will be opened on-line at 3.30 PM on October 12, 2021 in the presence of the authorized representative of the bidders who choose to be present. 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.

10. The applicants/tenderers have to upload

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

  2. Banker’s certificate as per format given in the tender 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.

11. 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.

12. 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.

Regional Director

Mumbai :
Date :


Schedule of Tender (SOT)

Name of Work: Supply, Installation, Testing and Commissioning (SITC) of 120 Nos. Sealed Maintenance Free (SMF), Valve regulated Lead Acid batteries (12 V, 150 AH) having Fire retardant casing at Bank’s Office Building at Bandra Kurla Complex in Mumbai
a. E-Tender NO RBI/Mumbai/Estate/78/21-22/ET/107
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. Estimated cost of work ₹ 16 Lakhs (Rupees Sixteen lakhs only)
d. Date of NIT available to parties to download (View Tender Time) August 26, 2021 from 05:00 PM onwards
e. Date of Starting of e-Tender for submission of on line Techno-Commercial Bid and price Bid (Start Bid Date and Time) www.mstcecommerce.com/eprochome/rbi August 26, 2021 from 05:00 PM onwards
f. last date of submission of Pre-qualification documents September 16, 2021 till 05.00 PM
g. Schedule of Off line pre-bid meeting of eligible bidders only. October 01, 2021 at 03.00 PM at Estate Office, BKC, Reserve Bank of India, Mumbai
h. Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid (Close Bid Date and Time) October 11, 2021 till 2.00 PM
i. Date & time of opening of Part-I (i.e. Techno-Commercial Bid) October 12, 2021 from 3.30 PM onwards
j. Date and Time of Opening of Part II (Price Bid) Shall be intimated to the eligible bidders subsequently
k. Earnest Money Deposit (EMD) ₹ 32,000/- (Rupees Thirty Two Thousand only) by NEFT or in the form of DD on or before 2:00 PM on October 11, 2021.

The DD shall be submitted in sealed cover addressed by name to Shri Ajay Michyari, Regional Director, Bandra Kurla Complex, Reserve Bank of India, Mumbai -400051 so as to reach Estate Office, BKC, Reserve Bank of India, Mumbai- 400051

NEFT Details
A/c No – 04861436223
IFSC CODE – RBIS0MBPA04
(5th & second from last digit are zero)

l. Last date of submission of EMD 32,000/- (Rupees Thirty Two Thousand only) October 11, 2021 till 2.00 PM
m. Transaction Fees
(To be paid in consultation with MSTC preferably one day prior to the final date of submission)
Rs. 1000/- plus GST @18%
To be paid through MSTC payment Gateway/ NEFT/RTGS in favour of MSTC Ltd.

Regional Director

Mumbai :
Date :

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Reserve Bank of India – Press Releases

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The Payments Infrastructure Development Fund (PIDF) Scheme was announced by the Reserve Bank on January 5, 2021. The objective of the scheme was to encourage deployment of Points of Sale (PoS) infrastructure (both physical and digital modes) in tier-3 to tier-6 centres and north eastern states.

The Reserve Bank has now decided to include street vendors identified as part of the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi Scheme) in tier-1 and tier-2 centres as beneficiaries under the PIDF Scheme. As hitherto, the street vendors in tier-3 to tier-6 centres will continue to be covered under the Scheme.

This decision to expand the targeted beneficiaries under the PIDF scheme will provide fillip to the Reserve Bank’s efforts towards promoting digital transactions at the grass root level.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/747

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Government of India has announced the sale (re-issue) of Government Stock detailed below through auctions to be held on August 27, 2021.

As per the extant scheme of underwriting notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) for the underwriting auction, applicable to each Primary Dealer (PD), are as under:

(₹ crore)
Security Notified Amount Minimum Underwriting Commitment (MUC) amount per PD Minimum bidding commitment per PD under ACU auction
5.63% GS 2026 11,000 262 262
New GoI FRB 2034 3,000 72 72
6.64% GS 2035 10,000 239 239
6.67% GS 2050 7,000 167 167

The underwriting auction will be conducted through multiple price-based method on August 27, 2021 (Friday). PDs may submit their bids for ACU auction electronically through Core Banking Solution (E- Kuber) System between 09:00 A.M. and 09:30 A.M. on the date of underwriting auction.

The underwriting commission will be credited to the current account of the respective PDs with RBI on the date of issue of securities.

Ajit Prasad
Director   

Press Release: 2021-2022/745

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The Reserve Bank of India has appointed Shri Ajay Kumar as Executive Director (ED) with effect from August 20, 2021.

Prior to being promoted as ED, Shri Ajay Kumar was heading the New Delhi Regional Office of the Bank as Regional Director.

Shri Kumar has, over a span of three decades, served in foreign exchange, banking supervision, financial inclusion, currency management and other areas in the Reserve Bank.

As Executive Director, Shri Kumar will look after Department of Currency Management, Foreign Exchange Department and Premises Department.

Shri Kumar is Masters in Economics from Patna University, MS in Banking from ICFAI and Certified Bank Manager from Institute of Bank Management and Research, Hyderabad. He has undertaken Executive Management Programme from Kellogg School of Management, Chicago and holds other professional qualifications including Certified Associate of Indian Institute of Banking and Finance (CAIIB).

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/746

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Reserve Bank of India – Tenders

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E-Tenders are invited from eligible contractors / firms for the captioned work estimated to cost ₹17.44 lakh through the MSTC portal. The close bid date is 10.09.2021 at 1400 hrs.

NIT Number and Timeline is given below:

S. No. Activity Tentative date
1. Date of Press-Web Advertisements 26.08.2021
2. e-Tender no. RBI/Patna/Estate/81/21-22/ET/110
3. Mode of Tender e- Procurement System
(Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.Mstcecommerce.com/eprochome/rbi)
4. Date of NIT (along with complete tender document) available to parties to download 12:00 Noon of 26.08.2021
5. Date of Pre-bid meeting at Estate Department, RBI Main Building, Patna (offline) 12:30 Noon of 02.09.2021
6. Earnest Money Deposit ₹ 34,888/-
7. Start Bid date- Date of Starting of e-Tender for submission of online Techno-Commercial Bid and Price Bid at www.mstcecommerce.com/eprochome/rbi 12:00 Noon of 26.08.2021
8. Close Bid date- Date of closing of online e–tender for submission of Techno-Commercial Bid & Price Bid 1400 hrs of 10.09.2021
9. Date & time of opening of Part–I (i.e. Techno-Commercial Bid) :
Part–II (Price Bid) : Part–II (Price bid) shall be opened at a later date that will be intimated to vendors earlier.
15:00 hrs of 10.09.2021
10. Transaction Fee Payment of transaction fee through MSTC payment gateway/NEFT/RTGS in favour of MSTC LIMITED

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

Sanjiv Dayal
Regional Director
(Bihar)

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