RBI Issues Master Directions for Filing of Supervisory Returns by Banks, NBFCs and ARCs

Master Direction No. RBI/DoS.DSG/2023-24/110 DoS.DSG.No.10/33.01.001/2023-24; Dated: 27.02.2024

The RBI has issued master directions on the ‘Filing of Supervisory Returns’ by all Supervised Entities (i.e. commercial banks, all Primary Urban Co-operative banks, Select All India Financial Institutions as well as all NBFCs and Asset Reconstruction Companies (ARCs). The RBI has excluded Regional Rural Banks (RRBs) and Housing Finance Companies (HFCs) from these norms. These directions shall be effective immediately.

These directions aim to consolidate all relevant instructions issued to supervisory entities (SEs) for the submission of returns, providing clarity and reducing the compliance burden. They offer a broader framework to understand the purpose of the return and harmonise the timelines for filing of returns.

“Supervisory Returns” refer to all periodic/ad-hoc data submitted to RBI in formats prescribed from time to time, irrespective of the technology platform, periodicity and the mode of submission. The list of periodic returns can be obtained from the Bank’s website.

The list of applicable returns to be filed by all Supervised Entities is mentioned in Annexure III attached to the directions. Commercial banks have to file 36 returns including Return on Asset Liability and Off-Balance Sheet Exposures, Return on Asset Quality, Liquidity Return, Return on Ownership and Control, Return on Defaulted Borrowers etc. Similarly, select All India Financial Institutions have to file 10 returns.

Further, all the SEs have to file returns relating to ‘Financial Soundness Indicators’ and ‘Fraud Monitoring and Vigilance Monitoring’.

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