Markets Reserve Bank of India
₹1.38 crore security contract awarded on nomination basis to M/s Intellect Design Arena Limited
The Bank contracted M/s Intellect Design Arena Limited to implement a new security shell (ARX) for the Ekuber Treasury application.
₹1.38 crContract Value: ₹1,38,00,000/-
Who can bid: The tender was issued on a Nomination Basis. The document states that awarding the work to any vendor other than M/s IDAL, who developed the application, may have exposed the Bank to operational risk. No other eligibility criteria are stated in the document.
Key terms
- Contract Value: ₹1,38,00,000/-
- Mode of tender enquiry: Nomination Basis
- Contract Number: CO.DEIO.ITD.No.S316/18-08-084/2025-2026
- Contract Date: Sep 23, 2025
- Actual date of start of work: Sep 23, 2025
- Actual date of completion of work: Dec 29, 2025
Also in the document
- The tender was awarded on a nomination basis rather than through an open competitive process.
- The document explicitly cites operational risk as the reason for restricting the award to the original application developer (M/s IDAL).
Who won this contract: M/s Intellect Design Arena Limited, ₹1,38,00,000/- — read from the award document; check the original.
How this was written
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The original document
Reserve Bank of India (RBI)
Tender · Ref. NA · 17 Jul 2026
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