Reserve Bank of India – Tenders

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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Far-right cryptocurrency follows ideology across borders, BFSI News, ET BFSI

Personal Finance

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The Daily Stormer website advocates for the purity of the white race, posts hate-filled, conspiratorial screeds against Blacks, Jews and women and has helped inspire at least three racially motivated murders. It has also made its founder, Andrew Anglin, a millionaire.

Anglin has tapped a worldwide network of supporters to take in at least 112 Bitcoin since January 2017 – worth $4.8 million at today’s exchange rate – according to data shared with The Associated Press. He’s likely raised even more.

Anglin is just one very public example of how radical right provocateurs are raising significant amounts of money from around the world through cryptocurrencies. Banned by traditional financial institutions, they have taken refuge in digital currencies, which they are using in ever more secretive ways to avoid the oversight of banks, regulators and courts, finds an AP analysis of legal documents, Telegram channels and blockchain data from Chainalysis, a cryptocurrency analytics firm.

Anglin owes more than $18 million in legal judgments in the United States to people whom he and his followers harassed and threatened. And while online, he remains visible – most days, dozens of stories on the Daily Stormer homepage carry his name – in the real world, Anglin’s a ghost.

His victims have tried – and failed – to find him, searching at one Ohio address after another. Voting records place him in Russia in 2016 and his passport shows he was in Cambodia in 2017. After that, the public trail goes cold. He has no obvious bank accounts or real estate holdings in the U.S. For now, his Bitcoin fortune remains out of reach.



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Indonesia to regulate cryptocurrencies and not prohibit it like China, BFSI News, ET BFSI

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The Indonesian minister for trade, Muhammad Luthfi confirmed to the local media Berita Satu about tightening cryptocurrencies regulations rather than prohibiting it like China. He said that Indonesia will focus on making cryptomarket less susceptible to illegal activities, Bitcoin.com reported

The statement from the Indonesian minister comes in the wake of stupendous growth registered by local exchanges in the first half of the year owing to the flourishing cryptocurrency market for 1 and a half years.

  • The report shows a 40 percent hike in transactions from 13 crypto exchanges in the first 5 months of 2021.
  • These crypto exchanges are regulated by the Futures Exchange Supervisory board.
  • The transaction volume reached $4.5 billion in 2020.
  • Crypto trading users also increased to 6.5 million in May 2021 from 4 million in 2020. This is more than the investors in Indonesia stock exchange (IDX) at just 5.37 million in May, according to Jakarta post.

China’s continued campaign against crypto trading and the final ban on 24th September affected Indonesian crypto prices too Currently Bitcoin, Ethereum and Dogecoin are legalized assets and commodities in Indonesia which can be traded by the citizens but can’t be used as a means of payment.

Major Indonesian exchange Luno Indonesia‘s manager expressed confidence in future growth of the customer base from the current 70,000 users.



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HC rejects bail pleas of Rana Kapoor’s wife, daughters, BFSI News, ET BFSI

Banking & Finance

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The Bombay High Court Tuesday rejected bail pleas filed by jailed banker Rana Kapoor’s wife Bindu Kapoor and their daughters Roshini and Radha Kapoor Khanna in a case of alleged fraud caused to Yes Bank Ltd (YBL).

Kapoor is the cofounder of YBL who was arrested in the said matter in March, 2020.

Justice Bharati Dangre, after hearing all the parties had posted the matter today for the pronouncement of the order. The court gave an oral in the said matter.

The Kapoors, in three identical but separate bail pleas, challenged a special Central Bureau of Investigation (CBI) court order that rejected their bail applications and remanded them to judicial custody.

The trio since then have been lodged at Byculla district jail in Mumbai.

As per the CBI, Rana Kapoor and his family members had allegedly received kickbacks of around Rs 600 crore for an investment of Rs 3,700 crore made by Yes Bank in DHFL’s debentures.

Counsels appearing for Bindu Kapoor and her two daughters argued that they have so far extended fullest cooperation to CBI and was not arrested during the investigation.

“On August 20, 2021, the trial court took cognizance of various non-bailable offences and summoned applicants to appear before it as an accused. The applicants immediately submitted to its jurisdiction by appearing personally on September 4, 2021, and moved a bail application in terms of Section 439 of CrPC,” argued counsel for the Bindu Kapoor.

However, special counsel Hiten Venegaonkar, appearing for the investigation agencies countered this argument and said that the CBI court had already considered all these submissions before rejecting the plea.

Senior Advocate Amit Desai appeared for Roshini Kapoor in the case, while Mahesh Jethmalani, senior advocate argued for Bindu Kapoor and Radha Kapoor Khanna in the case.

“The interest of the investigation agencies stand protected as the Enforcement Directorate (ED) has attached properties and bank accounts of the applicant to the tune of Rs 600 crore under various provisional attachment orders,” argued the petition filed by Radha Kapoor Khanna.

“Special Judge failed to consider that the applicant has been granted bail in the PMLA case arising out of the current FIR in the same facts and circumstances,” Khanna’s petition said.

The special court, while rejecting their bail petitions, had observed that the trio are involved in the wrongful loss of public money to the tune of Rs 4,000 crore, which belongs to the public at large, including bank depositors and shareholders.



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Deep Nishar, the man part of 36 investments, announces exit from SoftBank Vision Fund, BFSI News, ET BFSI

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Deep Nishar, a senior managing partner at SoftBank Vision Fund, announced his exit from the company today.

Nishar holds a top management post in the company, with only three executives outranking him, including Masayoshi Son, founder and chairman of SoftBank Group Corp.

In a LinkedIn post, Nishar said he would be leaving the firm at the end of the year. He has worked with the company for six years.

“I will bid adieu to my amazing team and colleagues at the end of this year. With much gratitude for the honor and privilege of serving the SoftBank family,” Nishar said in the LinkedIn post.

The reasons for his exit were not mentioned in the LinkedIn post.

Nishar is an IIT-Kharagpur alumnus, and has served on several public and private company boards, including Automation Anywhere, Cohesity and Slack.

Nishar joined SoftBank in 2015, and is based in US’ San Franciso Bay area.

With over 20 years of experience in helping build software businesses, Nishar has served as an asset to SoftBank, co-authoring 14 patents, and being involved in 36 investments, which include eight IPOs and two M&As.

Before SoftBank, Nishar played a pivotal role in LinkedIn as the site’s product head. He helped the site grow from 32 million members to 347 million, and annual revenue increased from $78 million to $2.22 billion.

Before LinkedIn, Nishar held several leadership roles at Google.

He was also the founder of enterprise software company Patkai Networks.

Apart from his strong technical background, Nishar has also been a lecturer at Stanford University.



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Reserve Bank of India – Tenders

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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Muthoot Finance launches AI-powered virtual assistant ‘Mattu’

Banking & Finance

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Muthoot Finance has joined hands with Senseforth.ai, a leader in Conversational AI technology to launch ‘Mattu’, an AI-powered virtual assistant.

Available on the website and mobile app, the intelligent assistant enables users to apply for various kinds of loans, address concerns, and perform transactions like checking account balance, paying gold loan interest, availing loan top-ups, making part payments and much more.

Customers of Muthoot Finance can chat or speak with the AI virtual assistant in both English and Hindi. This virtual assistant is also available on WhatsApp, making it very easy for users to access key services through natural human interactions.

Alexander George Muthoot, Deputy Managing Director, The Muthoot Group said, “The launch of a revamped and turbo-charged Mattu marks the beginning of a new chapter for us. This AI-powered virtual assistant offers various customer-friendly features like multi-lingual support, voice search capability, and can handle more than 250 frequently asked questions. Besides, if a user wants to speak with our customer service representative, they can do so via the virtual assistant. This is great customer convenience in current times”

Eapen Alexander Muthoot, Executive Director, The Muthoot Group said, “As a leading NBFC, technological innovations are at the core of our customer-centric approach. Mattu opens up another secure communication channel with our customers and offers a plethora of intuitive features and benefits. This is an excellent value addition for our customers and also demonstrates our commitment to the digital-first agenda at the company.”

Shridhar Marri, CEO & Co-founder of Senseforth.ai said, “The modern-day customer expects their needs to be fulfilled within seconds, without having to browse the website or visiting a branch. The launch of Mattu would eliminate buyer friction and ensure that customers of Muthoot Finance have instant access to key services on a channel of their choice.”

With the launch of this unique AI-powered Chatbot, Muthoot Finance is fast emerging as a leading lender that is persistently offering a range of tailor-made, technology-powered services bringing convenience to its customers. Recently it had launched a facility by which its gold loan customers can repay their loan or make interest payments through PayTM, Google Pay and PhonePe. There is also exciting cashback offers for online interest payments.

Muthoot Finance Gold Loan customers can also avail of loan top-ups in just a few clicks using WhatsApp. They can also get a gold loan from the convenience of their home through the Muthoot Finance Gold Loan@Home service.

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Punjab & Sind Bank Revises Interest Rates On Savings Account & FD: Latest Rates Here

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Punjab & Sind Bank Savings Account Interest Rates

PSB Savings Account Deposits are eligible for person/persons (Single or Joint names) and certain organizations/agencies like HUF, Non-Corporate Bodies, Clubs, Trusts, Societies, Associations, Schools, Executor(s) / Administrator(s), Government Bodies, Semi-Government Departments, Recognized PF Accounts, etc.

The account must have a minimum balance of Rs.50,000/- or more in Rural & Semi-Urban Branches and Rs.2,00,000/- or more in Urban & Metro Branches, and an account holder must maintain a minimum balance of Rs.50,000/- or more in Rural & Semi-Urban Branches and Rs.2,00,000/- or more in Urban & Metro Branches.

The account holder must maintain a minimum balance of Rs.50,000/- in the Rural & Semi-Urban Branches and Rs.2,00,000/- in the Urban & Metro Branches in these accounts. With effect from 16th September 2021 PSB is offering the below-listed interest rates on saving accounts.

Particular Rate of interest
Saving Deposits 3.00% p.a.

Punjab & Sind Bank Fixed Deposit Interest Rates

Punjab & Sind Bank Fixed Deposit Interest Rates

For a deposit amount of less than Rs 2 Cr, PSB is now offering the following interest rates to regular citizens on domestic term deposits, NRO accounts, capital gain accounts scheme 1988, recurring deposit scheme and PSB fixed deposit tax-saver scheme.

Maturity Rate of interest (p.a.) in %
7 – 14 Days 3
15 – 30 Days 3
31 – 45 Days 3
46 – 90 Days 3.7
91 – 120 Days 3.9
121-150 Days 3.9
151 – 179 Days 3.9
180 – 269 Days 4.45
270 – 364 Days 4.5
1 Year – 2 Years 5.05
Above 2 Year 5.15
3 Years – 5 Years 5.3
> 5 Year – 10 Years 5.3
Source: Bank Website, w.e.f. 16/09/2021

Punjab & Sind Bank Fixed Deposit Interest Rates For Senior Citizens

Punjab & Sind Bank Fixed Deposit Interest Rates For Senior Citizens

Senior citizens will get the following interest rates on their deposits of less than Rs 2 Cr.

Maturity Rate of interest (p.a.) in %
7 – 14 Days 3
15 – 30 Days 3
31 – 45 Days 3
46 – 90 Days 3.7
91 – 120 Days 3.9
121-150 Days 3.9
151 – 179 Days 3.9
180 – 269 Days 4.95
270 – 364 Days 5
1 Year – 2 Years 5.55
Above 2 Year 5.65
3 Years – 5 Years 5.8
> 5 Year – 10 Years 5.8
Source: Bank Website, w.e.f. 16/09/2021



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Indian Gold Rates Dropped By Rs. 240, On Sept 28, See Why

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Personal Finance

oi-Kuntala Sarkar

|

Today on September 28, gold rates have dropped again in the international future, and spot markets, went down even the $1740 level. IBJA today dropped daily Indian gold rates by Rs. 240/10 grams for both 22 carat and 24 carat gold. The 22 carat gold is quoted at Rs. 45,040 / 10 grams, while the 24 carat gold is quoted at Rs. 46,040 / 10 grams today. Indian gold rates are dependent on global gold prices, while international prices fell, it reflected the same trend in the Indian domestic markets. Gold is a dollar-dominated asset class, and the US dollar index in the spot market also hiked marginally. With fast economic recovery worldwide, gold is now losing its prices on a short-term basis. Hence, these factors dragged down Indian gold rates.

Indian Gold Rates Dropped By Rs. 240, On Sept 28, See Why

The Comex gold future fell by 0.71% at $1739, while the spot gold market fell by 0.61% at $1740/oz today till 3.19 PM IST. On the other hand, the US dollar index in the spot market gained by 0.21% today. In India, the Mumbai MCX gold in October future fell by 0.36% at Rs. 45,904/10 grams till today 3.48 PM IST. Although the future gold rates fell in the international markets, the IBJA hiked daily gold rates in the domestic market in India. But today, IBJA had to drop the prices marginally, ahead of the festive season. US durable goods orders, GDP Q2 report, and Personal Consumption Expenditures (PCE) price index data, yet to be published this week will further influence global gold markets.

Gold rates in different Indian cities are quoted differently, daily. Today’s gold rates in major Indian cities follow:

City 22 carat (INR/10 Grams) 24 carat (INR/10 Grams)
Mumbai 45,040/- 46,040/-
Delhi 45,350/- 49,480/-
Bangalore 43,200/- 47,130/-
Hyderabad 43,200/- 47,130/-
Chennai 43,550/- 47,510/-
Kerala 43,200/- 47,130/-
Kolkata 45,600/- 48,300/-

Chris Vermeulen, chief market strategist of TheTechnicalTraders.com told Kitco News, “I think gold is trying to put in a base. I think it’s going to try to range here before $1,700 and $2,000 until the end of the year, and next could be a very big year for gold.” Vermeulen thinks that in short term it seems like a downward trend but in long term, we can expect a bullish pattern from gold. “For investors, it is an attractive looking chart,” he said, showing the gold rate chart from 2019 to present days, as it went up and is going down now. “As an investment I like it, as a trade I do not like it at this point,” Vermeulen added. However, the investors and traders are now waiting for US Federal Reserve Chair Jerome Powell’s decisions over the tapering timeline in the USA, as it will decide the metal’s future in the next year.

Story first published: Tuesday, September 28, 2021, 15:55 [IST]



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