Markets Reserve Bank of India
₹8.8 crore treasury upgrade awarded on nomination basis
The Bank contracted M/s Intellect Design Arena Limited to perform a technical upgrade of the Ekuber Treasury application.
₹8.80 crContract Value: ₹8,80,00,000/-
Who can bid: The document states the work was awarded on a 'Nomination Basis' to M/s IDAL, noting that awarding it to any other vendor might expose the Bank to operational risk. No general eligibility criteria (turnover, experience, certifications) are stated in the document.
Key terms
- Contract Value: ₹8,80,00,000/-
- Contract Date: Dec 17, 2025
- Start Date: Dec 30, 2025
- Scheduled Completion Date: Jan 15, 2027
- Tender Mode: Nomination Basis
Also in the document
- The tender was awarded on a 'Nomination Basis' rather than through open competition.
- The document explicitly states that awarding the work to any vendor other than M/s IDAL (the original developers) may have exposed the Bank to operational risk.
Who won this contract: M/s Intellect Design Arena Limited, ₹8,80,00,000/- — read from the award document; check the original.
How this was written
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✓ Figures checked. Every number in this summary was found in the document by an automated check.
That check compares numbers only. It cannot confirm that the wording says what the document says — so the original document is always the authority.
The original document
Reserve Bank of India (RBI)
Tender · Ref. NA · 24 Jul 2026
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