a िन पे बीमा और यय गारंटी िनगम
DEPOSIT INSURANCE AND CREDIT GUARANTEE CORPORATION
(भारतीय रज़व बक क सपं णू वािम ववाली सहयोग/A wholly owned subsidiary of Reserve Bank of India)
_____________________________________www.dicgc.org.in____________________________________
Ref. CO.DICG.CSD.No.S227 / 05.03.001/2021-22 September 19, 2021
To
Chartered Accounts Firms
(CAG empanelled SCAs)
Tender for Empanelment of CA firm for verification / certification of claim list and
books of records of insured banks placed under All Inclusive Direction (AID) &
Transferee banks - Expression of Interest
DICGC, a wholly owned subsidiary of Reserve Bank of India, settles the deposit insurance
claims of eligible depositors (of Liquidated/ Placed under AID/ Transferee banks) in terms of
provisions of the DICGC Act, 1961. For this purpose, we appoint Chartered Accountants
(CAs) for verification / certification of claim list and books of records of insured banks under
AID and transferee banks which involves on-site verification and submission of report.
2. The DICGC Act has been amended with a provision in Sec 18 A for discharging the liability
towards banks which are placed under restrictions under BR Act. Specifically and exclusively
for this purpose and to complete the verification process within the time period, DICGC
invites bids [as per DICGC prescribed format (Annexure I) of Technical bidding - Form 1
along with appendices 1 & 2, Annex I A and (Annexure II) Financial bidding - Form 2] from
all such eligible Statutory Central Auditors (SCAs) who are empanelled with C&AG have their
head office/branch office headed by a CA partner in the state in which the bank is
headquartered placed under restrictions under BR Act,1949. The List of banks is indicated
in annexure to the enclosed RfP (Annex VI). Considering that the work pertains to verification
of claims and ascertainment of genuineness of the willingness of depositors to enable DICGC
to make payment, the present Statutory Auditor, and present Concurrent Auditor of DICGC
whose duty it is to verify whether DICGC has carried out the said process appropriately, shall
not be eligible to apply, in view of the perceived conflict of interest. Further, this being a
specific assignment and in order to ensure that the work is completed within the time period
stipulated under the statute (in respect of banks which are under such restrictions specified
in Sec 18 A of DICGC Act), those CA firms who have been currently empanelled for
verification of claims of banks under liquidation (in 2018, 2019 and 2020) and any other CA
firm presently doing any assignment for DICGC are not eligible to apply. In order to ensure
compliance with the statutory prescriptions of time, it has been decided that no two banks
shall be allotted to the same CA firm and accordingly, a CA firm selected as per the process
shall not be allotted more than one bank. The decision of DICGC in this regard shall be final.
An indicative ‘Terms of reference (TOR) for appointment of CA’ are annexed (Annexure III)
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
1
for reference. Detailed guidelines are furnished in the Request for Proposal (RfP) document
(enclosed). The bids will be received based on eligibility.
3. In view of the current COVID19 situation, it has been decided to invite bids through email
only. Accordingly, interested eligible firms willing to apply, may forward their quotations via
e-mail to rakeshyadav@rbi.org.in with a copy to the undersigned at shoda@rbi.org.in along
with duly filled in enclosed Form 1 for Technical Bidding and Form 2 for Financial Bidding in
2 separate password protected PDF files (scanned copy with seal of the firm and signature
of the authorised official/person) respectively, naming “Technical Bidding / Financial
Bidding - Empanelment of CA Firms – YYYY- Name of the Bank “XXXX” (YYYY- pl
indicate abbreviation of Firm’s name; XXXX – pl indicate abbreviation of Bank’s name)
so as to reach not later than 17.00 hrs on October 11, 2021. The name of the Authorised
official/person, designation with his contact details is required to be furnished in the e-mail.
Further, it may please be noted that the passwords of the above. PDF quotation files should
be sent by that Authorised official/person only by email for each bid to shiprasuri@rbi.org.in;
bsavitha@rbi.org.in; sonalmalik@rbi.org.in. The technical bids shall be opened on October
12, 2021 at 11:00 hrs and the financial bids shall be opened on October 12, 2021 at 15:30
hrs.
4. It may be noted that the quotation for the said work shall include all charges in terms of
claim verification/ certification of depositor which also includes KYC verification to ascertain
the traceability of the depositor for payment of claims by the Corporation and verifying the
willingness of depositors to receive insurance claim amount from DICGC. The claims will be
prepared and submitted by the bank in phases. As the payments to depositors who are willing
to receive the insured amount have to be made within the statutory time limits, it is
emphasised that time is the essence and verification and ascertainment process has to be
completed within the period specified by the Corporation at the time of giving the claim lists.
As such, the CA Firms while applying must ensure that they have the adequate experienced
manpower to carry out the task in a timely manner.
4.1 The first list with willingness of depositors (with KYC list) will be provided within 45 days
of notification date (September 01, 2021). This will be including the Principal Outstanding
with interest due and payable (as on 1 September with updated Interest due and payable up
to 29 November 2021 on such deposits which will not vary (unless there is any withdrawal
allowed in terms of regulatory approval) due to restrictions in the bank. This will be verified
within a period of 25 days for banks (outer limit i.e. November 10, 2021) strictly in terms of
the claim submission guidelines issued (to be provided to CA on enlisting) which will be paid
by DICGC on or before 29 November 2021 after giving a fresh list, the bank would submit a
second and final list with willingness of depositors along with KYC documents and other
details for the purpose of verification. The second list would be verified within a maximum
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
2
period of 15 days of receipt from bank by CA and certified. The outstanding deposit liability
will be certified by the Statutory Auditor of the bank (or any other procedure that would be
advised by DICGC) and the claims would be prepared as per claim list as Part A (list of
depositors who have given willingness to get the insured claim from DICGC and with KYC
records). Part B will list all other claims (by the insured bank) to tally with total deposit liability
of the bank and confirmed by the Auditor. The CA verification will also include certification
of the liquid funds position of the bank (based on trial balance/audit confirmation/CEO’s
certification verified from actual books) along with claim verification report or has to submit
the report on the date before the claim is sanctioned and paid by DICGC (as directed by
Corporation). In order to enable processing under COVID 19 (restrictions, if any) Corporation
can also advise the insured bank to provide the data and scanned copies of KYC for
verification of the CA firm at the head office of bank on the due date for submission of claim
including a provisional/audited liabilities as on the date to be reckoned for payment of the
claim by DICGC. An official from the Corporation would liaise with CA firm for monitoring and
getting the data from bank while the bank will provide an official for coordination.
5. The Corporation estimates that the fees for the assignment could vary between Rs 10/-
and Rs 12/- per depositor, excluding applicable taxes (including verification of the number of
accounts in the same depositors name provided by the bank). DICGC may, if needed,
consider paying over and above, an incidental charges of up to 15% of the value of the
assignment (decided on case by case basis) in case of banks having deposits less than Rs
1000 crores and 15% for banks above Rs 1000 crores respectively. DICGC may consider
paying a maximum amount of Rs 50,000 (all inclusive) for banks which have less than 2500
depositors (as implied maximum number of depositors x L1 quote accepted for the bank).
The estimate of number of deposit accounts of the bank under liquidation would be
communicated at the time of allotting the assignment to the empanelled CA firm. It may be
noted that the terms ‘Number of Accounts’ and ‘Number of Depositors’ are different. For
example, if depositor ‘X’ has Saving Bank account, Recurring Deposit account and Fixed
Deposit account, the charges will be paid for one depositor only irrespective of the number
of accounts in their name. The CA firms appointed will sign a confirmation
agreement/confidentiality clause with DICGC as would be drafted and signed after enlisting
the panel.
6. It may be noted that after finalisation of internal scrutiny process, a bank wise empanelled
list of SCA firms shall be published on our website (https://dicgc.org.in). This empanelment
will be only for the banks specified in the list and the list may undergo change subject to
regulatory decisions. If any bank is removed from the list, accordingly the bids for that bank
will stand cancelled. Allotment of a bank to a CA firm will be at the sole discretion of DICGC.
Where DICGC, being required to discharge its liability in respect of any bank not named in
the list annexed (Annex VI) to the present RFP and for which it notifies another RFP, the CA
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
3
firms empanelled under the present RFP, shall not, during the currency of their empanelment,
be eligible to apply.
7. A separate appointment letter shall also be issued to all the selected firms. It is pertinent
to note that the said appointment is for carrying out the work as specified in the RfP and
appointment letter and subject to satisfactory performance at the DICGC’s sole discretion.
DICGC reserves the right to disengage the services of the firm in case of unsatisfactory
performance during the tenure. It is emphasized that empanelment of the firm by DICGC
does not entail assurance of employment. The firms will be engaged as and when the need
for the services of the firm arises. The DICGC would provide assistance to the CA firms with
respect to the data to be obtained from allotted banks.
8. The quotations should reach the aforesaid e-mail IDs within the stipulated timelines and
DICGC will not entertain any request for extension of timelines. The incomplete and partial
bids received within the stipulated timeframe and the bids received after the timeframe shall
be rejected by DICGC. Incomplete bids would mean that both technical and financial bids are
received within the timeframe but not filled in completely, whereas partial bids would mean
that submission of only one bid, i.e. either technical or financial bid was received within the
timeframe and the other bid was received after the stipulated timeframe.
9. The CA firm should abide by the guidelines furnished in the RFP document and
appointment letter. DICGC reserves the right to reject any or all the applications without
assigning any reason and will not entertain any further correspondence in the matter.
Yours faithfully,
(शा रक होदा Shariq Hoda)
उप महा बंधक Deputy General Manager
Encl: As stated
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
4
Request for Proposal (RfP) for Empanelment of CA firm for verification of books in
respect of claim list submitted by insured banks placed under All Inclusive
Direction (AID) and transferee banks
िन ेप बीमा और यय गारंटी िनगम
Deposit Insurance and Credit Guarantee Corporation
www.dicgc.org.in
Head Office: Reserve Bank of India Building, Second Floor,
(Opp. Mumbai Central Railway Station), Byculla, Mumbai, Maharashtra – 400008.
This document is the property of DICGC. It may not be copied, distributed or recorded on any medium,
electronic or otherwise, without DICGC’s written permission. Use of contents given in this document, even
by the authorised personnel / agencies for any other purpose other than the purpose specified herein, is
strictly prohibited as it shall amount to copyright violation and thus shall be punishable.
धान कायालय : भारतीय रज़व बक िब डंग, दसू री मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स सं.4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
5
Brief about the tender for Empanelment of CA firm for verification / certification of
claim list and books of records of insured banks placed under All Inclusive
Direction (AID) and Transferee banks
Deposit Insurance & Credit Guarantee Corporation (DICGC) invites sealed tenders in two
parts (Technical Bid & Financial Bid) from eligible CA firms for Empanelment of CA
firms(bids to be submitted bank wise in the zone) for verification / certification of
claim list and books of records of insured banks under All Inclusive Direction (AID)/
transferee banks. The CA firms should have competence to audit the books of the banks
and making available the number of CAs/Qualified Assistants/Officials to arrive at the
eligible claim amount.
2. The Proposals be submitted by E-mail in two (2) separate password protected .PDF
files for the above purpose.
2.1 The first .PDF file should be captioned “Technical Bidding - Empanelment of
CA Firms – YYYY - Name of the Bank “XXXX”” (YYYY- pl indicate abbreviation of
Firm’s name; XXXX – pl indicate abbreviation of Bank’s name) and shall contain details
such as technical specifications of the proposal covering aspects like name and address
of firm, year of establishment, names of its partners, staff, their qualification / experience,
registration number of the firm and all other such relevant particulars given in Annex I
with Appendix 1 & 2 and Annex I(A) [FORM-1].
2.2 The second .PDF file should be captioned “Financial Bidding - Empanelment of CA
Firms – YYYY - Name of the Bank “XXXX”” (YYYY- pl indicate abbreviation of Firm’s
name; XXXX – pl indicate abbreviation of Bank’s name) as per the Scope of Work given
in Annex III and contain the details of the financial bid of the proposal exclusive of taxes,
in the format given in Annex II [FORM-2].
2.3 In view of the current COVID19 situation, it has been decided to invite bids through email
only. Accordingly, interested eligible firms willing to apply, may forward their quotations via
e-mail to rakeshyadav@rbi.org.in with a copy to the undersigned at shoda@rbi.org.in along
with duly filled in enclosed Form 1 for Technical Bidding and Form 2 for Financial Bidding in
2 separate password protected PDF files (scanned copy with seal of the firm and signature
of the authorised official/person) respectively, naming “Technical Bidding / Financial
Bidding - Empanelment of CA Firms – YYYY- Name of the Bank “XXXX” (YYYY- pl
indicate abbreviation of Firm’s name; XXXX – pl indicate abbreviation of Bank’s name)
so as to reach not later than 17.00 hrs on October 11, 2021. The name of the Authorised
official/person, designation with his contact details is required to be furnished in the e-mail.
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
6
Further, it may please be noted that the passwords of the above. PDF quotation files should
be sent by that Authorised official/person only by email for each bid to shiprasuri@rbi.org.in;
bsavitha@rbi.org.in; sonalmalik@rbi.org.in which too shall have to reach not later than 17.00
hrs on October 11, 2021. The technical bids shall be opened on October 12, 2021 at 11:00
hrs and the financial bids shall be opened on October 12, 2021 at 15:30 hrs.
3. Objective & Scope
The objective of the RfP is to appoint a panel of CA Firms at DICGC for
verification/certification of claims submitted by banks placed under AID and transferee
banks (as per Annex VI). Further, CA firms must be empanelled with C&AG of India and
must also be eligible to be Statutory Central Auditors (SCAs) in Public Sector Banks
(PSBs) for the Financial Year 2021-22.
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
7
Important Bidding Information Summary:
Purpose Particulars
Cost of Bidding Document No cost has been prescribed for the Bidding Document.
Last Date and time of October 11, 2021 at 17:00 hrs
Submission of
Last Date for seeking Clarifications, if any, regarding RfP may be asked through
clarifications e-mail only, not later than 17.00 hrs on September 24,
2021.
Bid Validity The proposal must remain valid and open for evaluation
according to their terms for a period of at least thirty
days (30 days) from the time the RfP closes on the
deadline. Once bid is accepted and conveyed the CA
would convey acceptance within 2 working days or it
would be allotted to the L2 bidder selected for the
specific bank.
Address for submission of Bids Via e-mails only at rakeshyadav@rbi.org.in with a copy to
shoda@rbi.org.in
Number of .PDF password In view of the current COVID19 situation, it has been decided
protected bids to be submitted. to invite bids through email only. Accordingly, interested
eligible firms willing to apply, may forward their quotations
via e-mail to rakeshyadav@rbi.org.in with a copy to the
undersigned at shoda@rbi.org.in along with duly filled in
enclosed Form 1 for Technical Bidding and Form 2 for
Financial Bidding in 2 separate password protected PDF
files (scanned copy with seal of the firm and signature of the
authorised official/person) respectively, naming “Technical
Bidding / Financial Bidding - Empanelment of CA Firms
– YYYY- Name of the Bank “XXXX” (YYYY- pl indicate
abbreviation of Firm’s name; XXXX – pl indicate
abbreviation of Bank’s name) so as to reach not later than
17.00 hrs on October 11, 2021. The name of the Authorised
official/person, designation with his contact details is
required to be furnished in the e-mail. Further, it may please
be noted that the passwords of the above. PDF quotation
files should be sent by that Authorised official/person only by
email for each bid to shiprasuri@rbi.org.in;
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
8
Purpose Particulars
bsavitha@rbi.org.in; sonalmalik@rbi.org.in. The technical
bids shall be opened on October 12, 2021 at 11:00 hrs and
the financial bids shall be opened on October 12, 2021 at
15:30 hrs.
Note:
Details sought for as per the RFP, along with the
attachments must be submitted in password protected
.PDF files only.
Important dates
Opening of envelope - Technical October 12, 2021 at 11:00 hrs
Bids
Opening of envelope - Financial October 12, 2021 at 15:30 hrs
Bids
Convey of Selection by DICGC October 13, 2021 at 11.00 hrs
Acceptance of Offer October 15, 2021 at 11.00 hrs
Note: Please note that all the information as required under this RfP needs to be provided.
Proposal submitted with incomplete information is liable to be rejected. DICGC’s decision in
this regard will be final and binding. The RfP is also hosted on DICGC website
http://www.dicgc.org.in under the link “Tender Notices”. DICGC reserves the right to change
the dates as mentioned above. Bidders must check the website before submitting response
to RfP.
Contact Details of DICGC Officials
Name (Smt / Designation Phone No. Email ID
Shri)
Rakesh Kumar Manager 9004918381 rakeshyadav@rbi.org.in
Ishan Katyal Manager 7045696963 ishankatyal@rbi.org.in
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
9
1. Introduction and Disclaimers
1.1 Purpose of RfP
The purpose of RfP is to “appoint a panel of CA firms for verification / certification
of claim list and books of records of insured banks placed under All Inclusive
Direction (AID) and transferee banks (as per Annex VI)”. The firm must have
experience in audit of PSBs / co-operative banks. The CA Firm should have competence
to verify the books of records and claims of depositors of insured banks placed under AID
and transferee banks.
1.2 Information Provided
The Request for Proposal (RfP) document contains statements derived from information
that is believed to be relevant at the date but does not purport to provide all the
information that may be necessary or desirable to enable an intending contracting party
to determine whether to enter into a contract or arrangement with DICGC. Neither DICGC
nor any of its employees, agents, contractors, or advisors give any representation or
warranty, express or implied, as to the accuracy or completeness of any information or
statement given or made in this document. Neither DICGC nor any of its employees,
agents, contractors, or advisors has carried out or will carry out an independent audit or
verification exercise in relation to the contents of any part of the document.
1.3 Disclaimer
Subject to any law to the contrary, and to the maximum extent permitted by law, DICGC
and its officers, employees, contractors, agents, and advisors disclaim all liability from
any loss or damage (whether foreseeable or not) suffered by any person acting on or
refraining from acting because of any information including forecasts, statements,
estimates, or projections contained in this RfP document or conduct ancillary to it whether
or not the loss or damage arises in connection with any negligence, omission, default,
lack of care or misrepresentation on the part of DICGC or any of its officers, employees,
contractors, agents, or advisers.
1.4 Costs to be borne by Respondents
All costs and expenses incurred by Respondents in any way associated with the
development, preparation, and submission of responses, including but not limited to the
attendance at meetings, discussions, demonstrations etc. and providing any additional
information required by DICGC, will be borne entirely and exclusively by the Respondent.
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
10
1.5 No Legal Relationship
No binding legal relationship will exist between any of the Respondents and DICGC until
execution of a contractual agreement.
1.6 Respondent Obligation to Inform Itself
The Respondent must conduct its own investigation and analysis regarding any
information contained in the RfP document and the meaning and impact of that
information.
1.7 Evaluation of Offers
1.7.1 Each respondent acknowledges and accepts that DICGC may in its absolute
discretion apply selection criteria specified in the document for evaluation of proposals
for short listing / selecting the eligible vendor (s). The RfP document will not form part of
any contract or arrangement, which may result from the issue of this document or any
investigation or review, carried out by a recipient.
1.7.2 To ensure the uniformity in fees paid per depositor, the CA firms may be ranked
in ascending order of rates starting from lowest rate quoted (L1) and the selected firm will
have to provide the services for the bank at a uniform rate as quoted by L1 firm.
1.8 Maintaining Secrecy and Confidentiality
The respondent shall be liable to maintain secrecy and confidentiality of all the
information / data / operations, etc. of DICGC.
1.9 Errors and Omissions
The respondent should notify DICGC of any error, omission, or discrepancy found in its
RfP document by September 27, 2021.
1.10 Acceptance of Terms
A respondent will, by responding to DICGC for RfP, be deemed to have accepted the
terms of this Introduction and Disclaimer.
1.11 Lodgement of RfP
1.11.1 RfP Submission: Please refer to Para 3 & 4 of this document.
1.11.2 The authorised signatory(s) signing the bid documents shall put his signature on
all pages of the bid. The bid shall contain no erasures or overwriting except as necessary
to correct errors made by the bidder, in which case corrections shall be initiated by the
person (s) signing the bid. The bidder shall duly fill the two bids separately. The two .PDF
password protected files should be mailed on or before the last date and time of the
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
11
receipt of bids. If the submission does not include all the information required or is
incomplete, the proposal is liable to be rejected. A letter of authorisation for the signing
authority of the official may be also submitted on the letterhead of the firm.
1.11.3 All submissions, including any accompanying documents, will become the
property of DICGC. Respondents shall be deemed to license, and grant all rights to
DICGC to reproduce the whole or any portion of their submission for the purpose of
evaluation, to disclose the contents of the submission to other respondents and to
disclose and / or use the contents of the submission as the basis for any resulting RfP
process, notwithstanding any copyright or other intellectual property right that may subsist
in the submission or accompanying documents.
1.11.4 RfP Validity period Please refer to para 3 & 4 of this document.
1.11.5 Cost of Bidding Document
No cost has been prescribed for the bidding document.
1.11.6 One bid per bidder
Each bidder shall submit only one bid for the empanelment
1.11.7 Late Bids
Any bid received after the deadline for submission of the bids will be treated as “Late Bid”
and such bids shall not be considered at all for competitive bidding.
1.12 Quote Reference: The bids must be quoted per depositor-wise only. Please note
that the number of accounts may be different than the number of depositors as one
depositor may be holding more than one account in his/her name.
1.13 Communication in respect of queries relating to RfP
Respondents are required to direct all communications related to this RfP, through the
Nominated Point of contact persons: Shri Rakesh Kumar, Manager,
rakeshyadav@rbi.org.in Mobile- 9004918381; Shri Ishan Katyal, Manager,
ishankatyal@rbi.org.in Mobile: 7045696963 with copy marked to Shri Shariq Hoda,
shoda@rbi.org.in.
1.13.1 DICGC may, in its absolute discretion, seek additional information or material from
any respondents after the RfP closes and all such information and material provided must
be taken to form part of that respondent’s response.
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
12
1.13.2 Respondents should provide details of their contact/ nodal person’s Fax,
Telephone number, Mobile number, E-mail and full postal address(s) to ensure that
replies to RfP could be conveyed promptly.
1.13.3 If DICGC, in its absolute discretion, deems that the originator of the question will
gain an advantage by a response to a question, then DICGC reserves the right to
communicate such response to all respondents.
1.13.4 DICGC may, in its absolute discretion, engage in discussion or negotiation with
any Respondent (or simultaneously with more than one Respondent) after the RfP closes
to improve or clarify any response. Additional work, if any as separate assignment for
same bank regarding the work undertaken (verification) as per RfP may be given with
consent of Board (post audit).
1.14 Notification
DICGC will notify the successful bidder/s in writing and same shall be hosted on its
website as soon as practicable about the outcome of the RfP. DICGC is not obliged to
provide any reasons for any such acceptance or rejection. The bidder selected in respect
of a bank may, if directed so to do, have to carry out assignments incidental to work
undertaken for that bank.
1.15 Disqualification
Any form of canvassing / lobbying / influence / query regarding short listing, status, etc.
will be a disqualification.
2. Tenure
2.1. The appointment if for verification/certification of claims submitted by banks placed
under AID and transferee banks (as per Annex VI) and subject to satisfactory
performance at DICGC’s sole discretion. DICGC reserves the right to disengage the
services of the firm in case of unsatisfactory performance during the tenure. In case the
service of L1 bidder has been terminated by DICGC for a particular bank DICGC will
appoint L2 bidder for the respective bank.
2.2. Decision of DICGC in all matters as eligibility in such stages is to be undertaken at
which such scrutiny to the documents to be produced, award of assignment and any other
matter relating to this notification will be final and binding on the applicants. No
correspondence or personal enquiries shall be entertained by the DICGC in this regard.
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
13
3. Selection Process
It may be noted that after finalisation of internal scrutiny process, a bank wise empanelled
list of SCA firms shall be published on our website (https://dicgc.org.in). This
empanelment will be only for the banks specified in the list and the list may undergo
change subject to regulatory decisions. If any bank is removed from the list, accordingly
the bids for that bank will stand cancelled. Allotment of a bank to a CA firm will be at the
sole discretion of DICGC.
This RfP will be assessed on the following basis: -
Phase 1 – Technical evaluation
Phase 2 – Financial evaluation
The bids would be opened on October 12, 2021. The first .PDF password protected file
containing the technical bid particulars would be opened and the list of technically
qualified bidders would be short listed based on the following criteria:
Phase – 1: Technical Evaluation:
A. Eligibility Criteria:
a) The bidder should be a Statutory Central Auditor (SCA) and should have their head
office / branch office headed by a CA partner in the state in which the bank is
headquartered.
b) The firm should have an experience of auditing PSBs/Co-operative banks for more
than three years.
c) The firm should be on C&AG Panel for the current year viz., FY 2021-22.
d) Firms which are currently Statutory / Statutory Branch Auditors / Concurrent auditors
/ Consultants of RBI / Deposit Insurance and Credit Guarantee Corporation of India
(DICGC) / Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) /
Reserve Bank Information Technology Private Limited (ReBIT) / Indian Financial
Technology and Allied Services (IFTAS)/presently doing verification audit of liquidated
banks and in the past but at least two years have not elapsed since the completion of
such assignment as on March 31, 2021 are Not eligible.
e) Those CA firms who have been currently empanelled for verification of claims of
banks under liquidation (in 2018, 2019 and 2020) are not eligible to apply.
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
14
B. Mandatory Criteria:
a) The CA firms bidding for banks with deposits more than ₹1000 crore should have at
least eight experienced CA partners, at least 20 years of establishment and should
have their head office/branch office headed by a CA partner in the state in which the
bank is headquartered.
b) CA firms for banks with deposits more than ₹100 crore to ₹1000 crore should have at
least five experienced CA partners, at least 15 years of establishment and have their
head office/branch office headed by a CA partner in the state in which the bank is
headquartered.
c) All the other CA firms applying for banks with deposits less than ₹100 crore should have
at least three experienced CA partners, 5 years of establishment as CA firm and should
have their head office/branch office headed by a CA partner in the state in which the
bank is headquartered.
d) The firm should not have been blacklisted/debarred anytime during last 4 years ended
March 31, 2021 from participation in a tender floated by any central/state PSU
including DICGC / RBI or any State/Central Government Department/Institutes or any
autonomous body funded and/or controlled by any state/central government.
e) The firm/partner associated should not been penalized for any disciplinary
proceedings and no disciplinary proceedings should be pending against them as on
the date of application.
f) It is essential that, all the above criteria prescribed are fulfilled in order to be eligible
for empanelment as CA for verification of books of record and claims of banks under
AID. The eligibility / mandatory criteria shall have to be met at the time of application
and the firm shall continue to meet the criteria throughout the tenure of the agreement.
Firm/ Partners should disclose relationship, if any, to any director/employee/officer of
DICGC. The decision of DICGC will be final in this regard.
Phase – 2: Financial Bid Evaluation:
a) The financial bid of technically qualified bidders only will be opened and evaluated.
In order to be technically qualified the bidders must have a score of at least 60 marks
in Technical Parameter evaluation.
b) The methodology of selection of CA firm is elucidated in Annex IV.
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
15
c) DICGC reserves all rights to accept or reject any or all proposals without assigning
any reasons thereof. The decision of DICGC will be final in this regard.
4. Guidelines & Instructions
4.1 DICGC has made an endeavour to make available all relevant information in the
RfP. For any further information or clarification during the tender period, only the identified
Contact Officer named above may be contacted. Except with express permission, the
bidder should not communicate directly with any other DICGC personnel involved in work
concerning this invitation. Failure to comply with this requirement may result in the
disqualification of the firm from this competition.
4.2 Government Tax – Bidders are responsible for establishing the status of the
services for the purpose of any government tax including Indirect tax, cess, etc. to GoI.
Any applicable taxes should be shown in financial proposal.
4.3 Alterations to Tenders - Any manuscript or other alteration to the bid must be
countersigned and dated by the person submitting the tender within the stipulated
timeframe.
4.4 Letters and Declaration to Accompany Tenders - The bid must be
accompanied by scanned copy of a letter on firm’s letter head showing the full registered
name (s) and registered office address of the bidder. It should be signed by a person of
suitable authority to commit the bidders to a binding contract.
4.5 Packaging and Delivery of Tenders - Bids must be mailed in a .PDF scanned
password protected file clearly indicating the following:
a) Project Title;
b) Tender Due Date;
c) Bidder’s Name;
DICGC accepts no responsibility for the premature opening or non-opening of any
incorrectly marked tenders.
4.6 Conflict of Interest - Bidders must disclose in their bid details of any
circumstances, including personal, financial and business activities that will, or might,
give rise to a conflict of interest. Where bidders identify any potential conflicts they should
state how they intend to avoid such conflicts. DICGC reserves the right to reject any bid
which, in DICGC’s opinion, gives rise, or could potentially give rise to, a conflict of interest.
4.7 Undertaking - Bidders must give an undertaking that:
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
16
- There has not been any disciplinary action initiated or contemplated/suspension of
business against the entity or its partners by ICAI/DICGC or other regulatory / statutory
authority during the last five years.
- None of the partner/employees have been convicted of any offence involving moral
turpitude or has been found guilty of economic offence.
- No appeal/unresolved dispute/suit/case/application has been pending at any court in
India regarding the existence of the business / right to carry on practice.
4.8 Indemnity - The successful bidder shall exercise reasonable skill, care and
diligence in the performance of the assignment and indemnify and keep DICGC, its
officers and other staff indemnified in respect of any loss, damage or claim howsoever
arising out of or related to breach of contract, statutory duty or negligence by the firm or
its staff, agents or sub-contractors in relation to the performance or otherwise of the
services to be provided under the Contract.
4.9 Assigning to Others - The successful bidder shall not, without the prior written
consent of DICGC, assign or transfer or cause to be assigned or transferred, whether
actually or as the result of takeover, merger or other change of identity or character of
the Experts, any of its rights or obligations under the Contract or any part, share or interest
therein. Upon any such assignment or transfer, this engagement may forthwith be
terminated by DICGC.
4.10 Termination - DICGC may, at its sole discretion and at any time terminate the
Contract by giving a month’s notice, and inform the CA firm of DICGC’s decision by
written instruction to that effect. In the event of the Contract being so terminated, the firm
shall take such steps as are necessary to bring the services to an end, (including
terminating any sub-contracts placed by the firm) in a cost effective, timely and orderly
manner. In case the service of L1 bidder has been terminated by DICGC for a particular
bank DICGC will appoint L2 bidder for the respective bank. Where the L2 firm at the time
of such appointment expresses its unwillingness work at the uniform rate quoted by L1,
it may become liable for such action as the DICGC may deem fit to take in accordance
with law.
--------- XXXX ---------
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
17
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
18
FORM-1 (Technical Bidding)
[Contains Annex I with Appendix 1 & 2 and Annex 1(A)]
Annex I
Technical Bid for Empanelment of CA firm for verification of books in respect of
claim list submitted by insured banks placed under All Inclusive Direction (AID)
and transferee banks
Sr.No Technical Bid - Eligibility Criteria Please Documents Required
specify
Certificate issued in this
1. The applicant firm should be eligible regard.
to be Statutory Central Auditor
(SCA) of a PSB and should have its
headquarter in any one of the four
Zones1, which are empanelled with
C&AG of India.
2. No. of years of experience of the Address of branch / Head
office of the firm:
firm.
Name of full time partner
heading the branch:
Phone Number & e-mail:
2 No. of full time FCA partners Name of full time partner:
Qualification:
3 No. of years on C&AG Panel Address:
Phone Number & e-mail:
continuously. Date since engaged with firm in
matters pertaining bank audit.
4 Number of qualified CAs employed Details to be furnished as per
Appendix 1
with the firm. Specify no. of years.
Names and date since
engaged with above entity:
1 For our administrative convenience, four Zones have been created viz. East Zone (All North-eastern states, West
Bengal, Bihar, Jharkhand & Orissa), Andaman & Nicobar Island (UT), Lakshadweep (UT), West Zone (Maharashtra,
Goa, Dadra and Nagar Haveli (UT) & Daman and Diu (UT)), Gujarat, Madhya Pradesh & Chhatisgarh) North Zone
(Rajasthan, NCR Delhi, Uttar Pradesh, Haryana, Punjab, Uttarakhand, Chandigarh (UT), Himachal Pradesh, Jammu
& Kashmir (UT) & Ladakh (UT), and South Zone (Telangana, Andhra Pradesh, Karnataka, Tamilnadu, Kerala,
Puducherry (UT).
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
19
Sr.No Technical Bid - Eligibility Criteria Please Documents Required
specify
5 Experience of firm in bank audit. Name of Partner who audited:
No of banks audited:
(As per Appendix 1)
6 Prior assignments with DICGC on If yes, details of the same viz.,
Name of bank; Period of
claims verification for banks under Assignment (From date to
date);
Liquidation.
7 The firm should not have been Details, if yes.
blacklisted/debarred anytime during
last 4 years ended March 31, 2021
from participation in a tender floated
by any central/state PSU including
DICGC / RBI or any State/Central
Government Department/Institutes
or any autonomous body funded
and/or controlled by any
state/central government.
8 The firm/partner associated should Details, if yes.
not been penalized for any
disciplinary proceedings and no
disciplinary proceedings should be
pending against them as on the
date of application.
The firm which are currently Statutory Central / Statutory Branch Auditors / Concurrent auditors /
Consultants of RBI / Deposit Insurance and Credit Guarantee Corporation of India (DICGC) /
Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) / Reserve Bank Information
Technology Private Limited (ReBIT) / Indian Financial Technology and Allied Services (IFTAS)
and at least two years have not elapsed since the completion of such assignment as on March
31, 2021 are Not eligible.
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
20
Appendix 1 (to Annex I)
Details of Partners of the Firm
Appendix 1
Details of the Partners
Dates of becoming Date of Membership Educational
joining the Number Qualification
Name of the Partner Experience
firm
ACA FCA
Signature of Partner of the firm with the Seal of the firm
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
21
Appendix 2 (to Annex I)
Details of experience of the firm in Bank Audit
Appendix 2
Details of experience of the firm in audit in banks/ RBI
Type of Audit* Name of the Bank Branch (es) No. Of years of Period of
engaged engagement
From Date To date
*Statutory Central Audit/ Statutory Branch Audit/ Concurrent Audit/ IS audit/ Claim verification of
banks under AID for DICGC/ Experience in KYC Audit /forensic audit.
Signature of Partner of the firm with the Seal of the firm
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
22
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
23
Annex I (A)
Particulars to be furnished for the purpose of Empanelment of CA firm for verification
/ certification of books in respect of claim list submitted by insured banks placed
under All Inclusive Direction (AID) and transferee banks
1 Name of the firm
2 Complete Postal Address
Details of the branches operating in India:
(i) Address:
(ii) Name and Designation of the person
heading the branch (pl. specify whether partner
or not also)
(iii) Email ID
(iv) Phone Number:
3 (v) Whether it is a Head Office or branch
Email address and Telephone Number of the
4 Head Office of the Firm
5 Date of Establishment of the firm
No. of completed years for which practicing in
6 India as on March 31, 2021
7 GSTIN
8 Firm Registration No.
9 Permanent Account Number (PAN)
I declare that:
(a) The firm/partners associated with the firm have not been penalized for any disciplinary
proceedings initiated by ICAI/ICMAI and no disciplinary proceedings are pending against
the firm / partners associated with the firm as on the date of application;
(b) The firm / partners of the firm not have been blacklisted/debarred anytime during last 4
years ending March 31, 2021 from participation in a tender floated by any Central/State
PSU including DICGC / RBI or any State/Central Government Department/Institute or any
autonomous body funded and/or controlled by any State/Central government/any other
regulatory body.
*Firms which are currently auditors of RBI / Deposit Insurance and Credit Guarantee
Corporation of India (DICGC)(verification/concurrent/statutory/consultants) / Bharatiya
Reserve Bank Note Mudran Private Limited (BRBNMPL) / Reserve Bank Information
Technology Private Limited (ReBIT) / Indian Financial Technology and Allied Services
(IFTAS) in the past but at least two years have not elapsed since the completion of such
assignment as on March 31, 2021 are Not eligible.
Signature of Partner of the firm with the Seal of the firm
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
24
Annex II
FORM-2 (Financial Bidding)
Application for Empanelment of CA Firm for verification / certification of books of
records and claim list submitted by insured banks placed under All Inclusive
Direction (AID) and transferee banks
FINANCIAL BID FORM
1. Name of the Firm
2. Complete Postal Address (with contact details, phone no./ Mobile no./E-mail-id)
3. BID Price PER DEPOSITOR (excluding applicable taxes) for carrying out
verification of records and Claim-List of insured bank under AID and transferee
bank, quoted as;
Amount in Rs………………(in figure)
Amount in Rs………………………………(in words)
We understand that notwithstanding the bid price quoted herein, where, despite the firm
not being ranked as L-1, but selected as a successful bidder, it shall be liable to perform
the work at the rate quoted by L-1. The firm undertakes to perform the work at the said
rate.
We also understand that where the firm at the time of such selection expresses its
unwillingness to do so, it may become liable for such action as the DICGC may deem fit to
take in accordance with law.
Signature of the Authorised Signatory
With seal of the Firm
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
25
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
26
Annex III
Terms of reference for appointment
1. To verify the books and records of the bank at Head Office and its branch/(es) and certify that
the claim list prepared/ submitted by the Bank contains the names of the genuine insured
depositors of the bank and is in accordance with the provisions of DICGC Act, 1961 and the
guidelines issued by the Corporation. This shall also include verification/audit of KYC records
of the depositor.
2. To verify that the claim list does not contain the claims in respect of depositors like Banks,
Central/State Government Accounts etc., who are not eligible for the deposit insurance cover
in terms of Section 2(g) of DICGC Act, 1961.
3. To verify that the bank has exercised the right to set-off in regard to recovery of its loans,
advances and other dues while preparing the claim list as on cut-off date and before making
payment to the depositors as provided in Section 16 (3) of DICGC Act, 1961.
4. To ascertain whether the bank has carried out the exercise of clubbing of the deposit
accounts of all the depositors in the ‘same right and in the same capacity’ in accordance with
the provisions of the DICGC Act, 1961 and the guidelines issued by DICGC in this regard.
5. To verify KYC records of each and every depositor and ascertain whether the willingness of
depositor for Claiming Deposit Insurance claims from DICGC has been obtained.
6. To verify and report whether the bank has meticulously followed the directions, if any, issued
to the bank by Reserve Bank of India under Section 35-A of the Banking Regulation Act, 1949
(As Applicable to Co-operative Societies) and whether any withdrawal was allowed by the
bank from depositor’s account(s) during the period such directions were in force.
7. Uploading the verified claim templates online (if applicable) and furnishing physical copy of
verification report to DICGC.
8. The CA firm would ensure that it would in no way involve itself with the preparation of claim
list.
9. The detailed guidelines for verification/certification of bid shall be sent after acceptance of bid.
(The above list is inclusive and not exhaustive i.e. Terms of reference shall include
providing professional assistance incidental to verification of claims)
2. Penalties
(i) The CA firm so appointed shall be liable for their acts of omissions & commissions as
per law.
(ii) The appointment shall be cancelled in case of unsatisfactory performance.
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
27
Annex IV
Technical Evaluation for selection of CA firms for verification / certification of
books in respect of claim list submitted by insured banks placed under All
Inclusive Direction (AID) and transferee banks
Sr.No Technical Bid Basis of Marking
Mandatory Criteria
1. The firm should not have been Documents Required - Details, if Yes. If
blacklisted/debarred anytime not, self-declaration on letter head duly
during last 4 years ended March 31, signed by partner of the firm.
2021 from participation in a tender
floated by any central/state PSU
including DICGC / RBI or any
State/Central Government
Department/Institutes or any
autonomous body funded and/or
controlled by any state/central
government.
2. The firm/partner associated Details, if Yes. If not, self-declaration on
should not have been penalized for letter head duly signed by partner of the
any disciplinary proceedings and firm.
no disciplinary proceedings should
be pending against them as on the
date of application.
3. Firms which are currently Statutory Details, if Yes. If not, self-declaration on
/ Statutory Branch Auditors / letter head duly signed by partner of the
firm.
Concurrent auditors / consultants of
RBI / Deposit Insurance and Credit
Guarantee Corporation of India
(DICGC) / Bharatiya Reserve Bank
Note Mudran Private Limited
(BRBNMPL) / Reserve Bank
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
28
Information Technology Private
Limited (ReBIT) / Indian Financial
Technology and Allied Services
(IFTAS) in the past but at least two
years have not elapsed since the
completion of such assignment as
on March 31, 2021 are Not
eligible.
Eligibility Criteria
4. Experience of the firm – No of years Information Required
Registration Certificate;
Basis of Marking:
Marks
Less than 5 years 0
5 to 15 years 5
15-20 years 10
Above 20 years 15
Max Marks-15
5. Full Time Fellow Chartered Information Required
Accountant (FCA) Partners 1. Name of full time partner(s)/ full time
employee(s):
2. Qualification:
3. Address:
4. Phone Number & e-mail:
5. Date since engaged with firm Post
qualification:
Basis of Marking:
No. of full time full partner Marks
(s)/ full time employee (s)
having post qualification 0
experience in firm 5
10
Less than 3 15
3 to 5
5-8
Above 8
Max Marks-15
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
29
6. Key Professional Staff – Full time Basis of Marking: Marks
CA employees Less than 3 CAs 0
3 to 5 CAs 5
5 to 10 CAs 10
15
More than 10 CAs
Max Marks -15
7. The firm should have an experience Information Required
of auditing PSBs/Co-operative 1. Name of PSB / Co-operative Bank
banks for more than three years. audited;
2. Date of appointment and letter of
appointment;
Basis of Marking:
Audit of PSB / Co-operative Marks
bank – No. of banks
0
Less than 3 years 10
3 years – 10 years 15
Above 10 years
Max. Marks -15
8. Concurrent / Statutory Audit of RBI Information Required:
/ DICGC 1. Appointment Letter confirming the
same may be attached.
Max Marks- 20
9. Verification of claim list of liquidated Information Required
banks upon appointment by DICGC 1. Letter of Appointment confirming the
same may be attached.
Max Marks-20
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
30
Annex V
B. Financial Bid Evaluation for selection of CA firms for verification / certification of
books in respect of claim list submitted by insured banks placed under All Inclusive
Direction (AID) and transferee banks
SL. No Particulars of the Bid Marks
1
2 L-1 (Lowest Bid) 100
3
4 L-2 90
5
6 L-3 80
L-4 70
L-5 60
Above L-5 0
C. Methodology for evaluation of technical and financial parameters for selection of
CA firms for verification / certification of books in respect of claim list submitted by insured
banks placed under All Inclusive Direction (AID) and transferee banks:
SL. No Parameters Weightage
1. Technical Parameters 60
2. Financial Parameters 40
The bidders scoring minimum 60 marks in Technical bid, shall only be eligible for next step i.e.
evaluation of Financial bidding. The decision of DICGC in this regard shall be final and binding.
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
31
Annex VI
The number of depositors may be less that the number of insured accounts mentioned.
This is to provide an approximation of number of depositors.
Sl.No. Bank Name State No. of Insured Deposits
insured (Rs.)
accounts
1 ADOOR CO-OPERATIVE URBAN BANK LTD Kerala 2,951 8,19,04,000
2 BIDAR MAHILA URBAN CO-OP. BANK LTD Karnataka 2,714 3,15,78,000
Maharashtra 67,026 3,57,34,05,000
3 CITY CO-OPERATIVE BANK LTD
4 HINDU CO-OPT BANK LTD, PATHANKOT Punjab 75,061 1,96,49,26,000
5 KAPOL CO-OPERATIVE BANK LTD. Maharashtra 78,503 3,35,53,23,000
6 MARATHA SAHAKARI BANK LTD., MUMBAI. Maharashtra 60,400 2,08,79,77,000
7 MILLATH CO-OPERATIVE BANK LTD Karnataka 12,867 14,63,73,000
8 NEEDS OF LIFE CO-OPERATIVE BANK LTD. Maharashtra 2,594 9,25,64,000
9 PADMASHREE DR. VITHAL RAO VIKHE PATIL Maharashtra 4,155 7,00,09,000
10 People’s Co-operative Bank Ltd., Kanpur Uttar 4,271 9,38,85,000
Pradesh
11 PUNJAB & MAHARASHTRA CO-OP. BANK LTD. Maharashtra 13,17,283 65,46,26,16,000
12 RUPEE CO-OPERATIVE BANK LTD. Maharashtra 4,88,898 9,64,37,17,000
13 SHRI ANAND COOP. BANK LTD., PUNE Maharashtra 15,284 13,30,01,000
14 SIKAR URBAN CO-OP. BANK LTD. Rajasthan 9,776 37,86,83,000
SRI GURURAGHVENDRA SAHAKARA BANK Karnataka 40,568 6,82,88,84,000
15 NIYAMITHA
16 THE MUDHOL CO-OPERATIVE BANK LTD Karnataka 13,549 25,50,55,000
17 MANTHA URBAN COOPERATIVE BANK LTD. Maharashtra 73,889 65,66,44,000
SARJERAODADA NAIK SHIRALA SAHAKARI BANK Maharashtra 64,428 88,87,94,000
18 LTD.
19 INDEPENDENCE COOPERATIVE BANK LTD, NASHIK Maharashtra 6,125 4,43,33,000
DECCAN URBAN CO-OPERATIVE BANK LTD.,
20 VIJAYAPUR Karnataka 10,835 17,15,08,000
Madhya
21 GARHA CO-OPERATIVE BANK LTD., GUNA Pradesh 7,619 27,88,86,000
Note: The bids must be quoted per depositor-wise only. The number of accounts may be different
from the number of depositors as one depositor may be holding more than one account in his/her
name. The list of banks is subject to change depending on the regulatory decisions.
धान कायालय : भारतीय रज़व बक िब डंग, दूसरी मंिजल, मुंबई स ल रेलवे टेशन के सामने, पो ट बॉ स स.ं 4571 मुंबई स ल, मुंबई- 400008
दरू भाष : 23084121 Ext :2213, 2216 फै स: 022-23018165, 23015662, 23021131, ई-मेल : dicgc@rbi.org.in
HEAD OFFICE : Reserve Bank of India Building, Second Floor, Opp. Mumbai Central Railway Station, Post Box No.4571, Mumbai Central, Mumbai-400008
Tel: 23084121 Ext: 2213,2216 Fax: 022-23018165,23015662,23021131, mail: dicgc@rbi.org.in
हंदी आसान है, इसका योग बढ़ाइए।
32
|
