Markets Reserve Bank of India
Treasury app migration awarded to original developer on nomination basis
The Bank contracted M/s Intellect Design Arena Limited to migrate the Ekuber Treasury application to new infrastructure.
₹93.3 lakhContract Value: ₹93,31,945/-
Who can bid: The tender was awarded on a Nomination Basis to M/s IDAL (Intellect Design Arena Limited), the developer of the application. The document states that awarding the work to any other vendor may have exposed the Bank to operational risk. No other eligibility criteria are stated in the document.
Key terms
- Contract Value: ₹93,31,945/-
- Tender Mode: Nomination Basis
- Contract Date: Apr 21, 2025
- Work Start Date: Jun 16, 2025
- Work Completion Date: Nov 14, 2025
Also in the document
- The tender was awarded on a 'Nomination Basis' rather than through an open competitive bidding process.
- The document explicitly states that awarding the work to any vendor other than the original developer (M/s IDAL) was considered a potential operational risk.
Who won this contract: M/s Intellect Design Arena Limited, ₹93,31,945/- — 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 · 16 Jul 2026
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