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
   

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
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
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
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
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
Monthly Statement on Gold Monetization 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
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
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
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
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
Ind AS proforma	Banks are advised by e-mails at end of every quarter.	SCBs (excluding RRBs)	Quarterly	Within 60 days
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
PSU Investment statement	RPCD.No.RF.ROC.9/07.02.03/98-99, dated June 23, 1999	StCBs, DCCBs	Quarterly	Within 30 days
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
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	(ended on 31 March and 30 September)	Within 10 days
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
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
Non-banking Asset	RPCD.RF/ROC.No.15/07.07.11/2000-01, dated December 15, 2000	StCBs, DCCBs	Yearly	Within 30 days
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.

Written By: CS Lalit Rajput
Email id : [email protected], Contact No. +91 8802581290