Submission of returns to RBI

Submission of returns to RBI

Each banking company has to prepare and furnish returns to the Reserve Bank under various provisions of the Banking Regulation Act and the Reserve Bank of India Act. The returns which are to be submitted to RBI are
discussed below:

1. Return of Liquid Assets

Every banking company has to submit a return of its liquid assets as per the provisions of the Banking Regulation
Act. The return should contain particular of assets and the demand and time liabilities as at the close of business
of each alternate Friday. In case such Friday is a holiday then as at the close of business of the preceding working
day. The Reserve Bank is also empowered to require a banking company to furnish returns showing particulars
of assets and demand and time liabilities as at the close of each day of the month.

2. Monthly Returns

Every month, a banking company has to submit a monthly return to the Reserve Bank as per the provisions of the
Banking Regulation Act,1949. This return is prepared as on the last Friday of the previous month, and the return
should be submitted before the end of the month succeeding to which it relates. Reserve Bank can call for
information and statements at any time relating to the business or affairs of the banking company.

3. Accounts and Balance Sheet

The annual accounts and balance sheet have to be submitted to the Reserve Bank within three months from the
end of the period for which they relate.

4. Return of Assets in India

A banking company has to submit to Reserve Bank under the Banking Regulations Act, a quarterly return regarding
its assets in India. The return is to be submitted within one month of the end of the quarter.

5. Return of Unclaimed Deposits

Under Sec 26 of the Banking Regulation Act a banking company has to submit within thirty days of the close of
each calendar year a return on unclaimed deposits (not operated for ten years)

6. Return of CRR of Non Scheduled Banks

Every banking company ( non- scheduled bank) has to furnish a return to the Reserve Bank of India under Sec 18
(i) of the Banking Regulation Act in respect of cash reserve.

7. Fortnightly Return in Form A (CRR)

Under Section 42 (2) of the RBI Act, 1934, all SCBs are required to submit to Reserve Bank a provisional Return
in Form ‘A’ within 7 days from the expiry of the relevant fortnight and the final report to be submitted to RBI within
20 days from expiry of the relevant fortnight. Based on the recommendation of the Working Group on Money
Supply: Analytics and Methodology of Compilation, all SCBs in India are required to submit this report.

Memorandum
to form ‘A’ return giving details about paid-up capital, reserves, time deposits comprising short-term (of contractual
maturity of one year or less) and long-term (of contractual maturity of more than one year),certificates of deposits,
NDTL, total CRR requirement etc., Annexure A to Form ‘A’ return showing all foreign currency liabilities and
assets and Annexure B to Form ‘A’ return giving details about investment in approved securities, investment in non-approved securities, memo items such as subscription to shares/debentures/bonds in primary market and
subscriptions through private placement. For reporting in Form ‘A’ return, banks should convert their overseas
foreign currency assets and bank credit in India in foreign currency in four major currencies viz., US dollar, GBP,
Japanese Yen and Euro into rupees at RBI Reference Rates announced on its website from time to time.

8. Return in Form VIII (SLR)

(i) Banks should submit to the Reserve Bank before 20th day of every month, a return in Form VIII showing
the amounts of SLR held on alternate Fridays during immediate preceding month with particulars of their
DTL in India held on such Fridays or if any such Friday is a Public Holiday under the Negotiable Instruments
Act, 1881, at the close of business on preceding working day.
(ii) Banks should also submit a statement as annexure to Form VIII return giving daily position of; (a) assets
held for the purpose of compliance with SLR, (b) the excess cash balances maintained by them with RBI
in the prescribed format, and (c) the mode of valuation of securities.

9. Report on NRE Deposits

NRD-CSR software package being used by the banks for submission of detailed monthly data on non-resident
deposits to the Reserve Bank, has been replaced by eXtensible Business Reporting Language (XBRL) platform
to provide validations for processing requirement in respect of existing NRD schemes, improve data quality,
enhance the security-level in data submission, and enable banks to use various features of XBRL-based data
submission, and tracking.

10. Priority Sector Lending –Revised Reporting System

Disbursement to be reported in the monthly and yearly reporting formats is defined as under:
(i) Cash credit/over draft account and running accounts of similar nature: Debit summation minus interest and other charges or sanctioned limit, whichever is lower for the particular period under consideration (monthly/quarterly/half yearly/yearly).
(ii) Term Loans: Debit summation minus interest and other charges for the particular period under consideration (monthly/quarterly/half yearly/yearly).