RBI Extends Due Dates of Regulatory Returns

RBI has extended the timelines for Submission of regulatory returns. In order to mitigate the difficulties in timely submission of various regulatory returns, in view of disruptions on account of COVID-19 pandemic

RBI Extends Due Date of regulatory returns

  • Submission of regulatory returns - Extension of timelines

RESERVE BANK OF INDIA vide RBI/2019-20/228 and DOR.BP.BC.No .68/21.04.018/2019-20 dated 29th April, 2020 has extended the timelines for Submission of regulatory returns. In order to mitigate the difficulties in timely submission of various regulatory returns, in view of disruptions on account of COVID-19 pandemic.

The circular was issued to:

  • All Scheduled Commercial Banks
  • (including RRBs and Small Finance Banks),
  • Payments Banks and Local Area Banks,
  • All India Financial Institutions,
  • All Co-operative Banks,

Kindly note:  all regulatory returns required to be submitted by the above entities to the Department of Regulation can be submitted with a delay of upto 30 days from the due date.

  • No Extension for

It may be noted that no extension in timeline is permitted for submission of statutory returns i.e. returns prescribed under the Banking Regulation Act, 1949, RBI Act, 1934 or any other Act (for instance, returns related to CRR/SLR).

 

  • List of regulatory returns which can be submitted with a delay of a maximum of 30 days from the due date

Sr. No

Name of the return

Reference of Act or circular under which the return is prescribed

Regulated entities to which the return is applicable

Frequency of the return

Current timeline

1

Payment of dividend

DBOD.NO.BP.BC.88/21.02.067/2004-05 May 04, 2005

SCBs (excluding RRBs)

As and when basis

Within a fortnight after declaration of dividend

2

Report on issue of Subordinated Debt, raising of Upper Tier II Capital, Perpetual Debts and Equity Capital (Qualified Institutional Placements-QIP, Preferential issue to Promoters, GDR issue) together with copy of document

Reporting Requirements under Basel III Capital Regulations- Review dated June 23, 2016

Master Direction Issue and Pricing of shares by Private Sector Bank dated April 21, 2016

DBR.No.BP.BC.01/21.06.201/2015-16 dated July 01, 2015

All Commercial Banks (Excluding Local Area Banks and RRBs)

As and when basis

Within one week from date of issue

3

Form I

Operational Guidelines issued for DEA Fund Scheme, 2014 vide letter no. 3044/30.01.002/2017-18 dated September 27, 2017 to all banks

SCBs (including RRBs), Local Area Banks, UCBs, StCBs, DCCBs, SFBs and PBs

Monthly

Within 30 days

4

Form II

Operational Guidelines issued for DEA Fund Scheme, 2014 vide letter no. 3044/30.01.002/2017-18 dated September 27, 2017 to all banks

SCBs (including RRBs), Local Area Banks, UCBs, StCBs, DCCBs, SFBs and PBs

Monthly

Within 25 days

5

Monthly Statement on Gold Monetisation Scheme, 2015

Master Direction No.DBR.IBD.No.45/23.67.003/2015-16 dated October 22, 2015 (updated as on August 16, 2019)

SCBs (excluding RRBs)

Monthly

Within 30 days

6

Statement of Gold and Silver imported during the month

IBS.1758/23.67.001/2002-03 dated April 23, 2003

SCBs (excluding RRBs)

Monthly

Within 30 days

7

Return on exposures to QCCP

DBOD.No.BP.BC.82/21.06.217/2013-14 dated January 7, 2014 "Banks’ Exposure to Central Counterparties (CCPs) - Interim Arrangements"

SCBs (excluding RRBs)

Monthly

Within 30 days

8

Monthly Return on Aggregate Resources Raised

Master Circular on Resource Raising Norms for Financial Institutions DBR.No.FID.FIC.1/01.02.00/2015-16 dated July 01, 2015

All India Financial Institutions

Monthly

Within 10 days

9

Return on Large Exposure

DBR.No.BP.BC.43/21.01.003/2018-19 dated June 3, 2019 - Large Exposure Framework (non-centrally cleared derivative exposures)

SCBs (excluding RRBs)

Quarterly

Within 30 days

10

Ind AS proforma

Banks are advised by e-mails at end of every quarter.

SCBs (excluding RRBs)

Quarterly

Within 60 days

11

Format for interim reporting to Reserve Bank of India - BC Outlets

DBR.RRB.BL.BC.No.40/31.01.002/2018-19 dated May 31, 2019 on Rationalization of Branch Authorization Policy- Revision of Guidelines

RRBs

Quarterly

Within 20 days

12

PSU Investment statement

RPCD.No.RF.ROC.9/07.02.03/98-99, dated June 23, 1999

StCBs, DCCBs

Quarterly

Within 30 days

13

Form III

Operational Guidelines issued for DEA Fund Scheme, 2014 vide letter no. 3044/30.01.002/2017-18 dated September 27, 2017 to all banks

SCBs (including RRBs), Local Area Banks, UCBs, StCBs, DCCBs, SFBs and PBs

Half-yearly
(ended on 31 March and 30 September)

Within 30 days

14

Statement of Merchant Acquiring Business of RRBs

DOR.RRB.BL.BC.No. 31/31.01.001/2019 - 20 dated February 06, 2020 on Guidelines on Merchant Acquiring Business – Regional Rural Banks

RRBs

Half Yearly (ended on 31 March and 30 September)

Within 10 days

15

Proforma Ind AS Financial Statement for AIFIs

Circular on "Implementation of Indian Accounting Standards (Ind AS)" dated August 4, 2016 addressed to AIFIs

All India Financial Institutions

Half-yearly
(ended on 31 March and 30 September)

Within 60 days

16

Statement of shareholding (Restrictions on holding shares)

ACD.B.R.388/A.11(19)65-6 dated March 01, 1966

StCBs, DCCBs

Yearly

Within 30 days

17

Non-banking Asset

RPCD.RF/ROC.No.15/07.07.11/2000-01, dated December 15, 2000

StCBs, DCCBs

Yearly

Within 30 days

18

Table 34 (Distribution of offices population/group wise)

RPCD.CO.RF.No.BC.9/07.06.00/2005-06, dated July 06, 2005

StCBs, DCCBs

Yearly

Within 30 days

 

Source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11882&Mode=0

Disclaimer:

IN NO EVENT THE AUTHOR SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM OR ARISING OUT OF OR IN CONNECTION WITH THE USE OF THIS INFORMATION.

 

About Author:

CS Lalit Rajput 

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