Master Direction on Filing of Supervisory Returns Directions 2024

RBI/DoS.DSG/2023-24/110 DoS.DSG.No.10/33.01.001/2023-24 February 27, 2024

All Commercial Banks excluding Regional Rural Banks All Primary (Urban) Cooperative Banks Select All India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NABFID) All Non-Banking Financial Companies (excluding Housing Finance Companies) and All Asset Reconstruction Companies

Madam/ Dear Sir,

Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions - 2024

Please refer to paragraph 4 of Statement on Developmental and Regulatory Policies dated August 10, 2023. All Supervised Entities (SEs) are required to submit certain supervisory returns to the Reserve Bank as per various directions / circulars/ notifications issued by the Bank from time to time.

2. In order to create a single reference for all Supervisory Returns and to harmonize the timelines for filing of returns, all the relevant instructions have been rationalised and consolidated into a single Master Direction. In exercise of powers conferred under sub section (2) of section 27 and section 35A of the Banking Regulation Act, 1949 as amended from time to time; Section 56 of the Banking Regulation Act, 1949 and extant provisions of The Banking Regulations (Co-operative Societies) Rules, 1966; extant provisions of Chapters IIIA and IIIB of the Reserve Bank of India Act, 1934; and pursuant to section 12 A of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, the Reserve Bank of India being satisfied that it is necessary and expedient in the public interest to do so, hereby issues this Master Direction hereinafter specified.

3. The summary of changes introduced in this Direction over the extant instructions is given in Annex I. The list of underlying notifications / circulars which form the basis of this Master Direction and are hereby being repealed (whole or in part) is furnished in Annex II. The set of applicable returns to be filed by SEs and the general description of the returns are compiled and presented in Annex III, with the alternate timelines for returns submission enlisted in Annex IV. Guidance on filing of these returns are available on Bank’s Website under the ‘Regulatory Reporting’ tab. Details of online portals for filing of applicable returns by SEs are given in Annex V. The list of abbreviations used in this Master Direction is provided in Annex VI.

4. It is clarified that submission of other regulatory/statutory returns will not be affected by these Directions.

Yours faithfully,

(Dr. Vijay Singh Shekhawat) Chief General Manager

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Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions - 2024

Particulars

• Chapter I Preliminary
• Chapter II General Guidelines
• Chapter III Repeal Provisions
• Annex I Summary of changes to the existing circulars / Directions
• Annex II List of circulars / notifications repealed with issuance of these Directions
• Annex III List of applicable returns to be filed by Supervised Entities
• Annex IV Alternate timelines for submission of select Returns
• Annex V Details of online portals for submission of returns by Supervised Entities
• Annex VI Abbreviations

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CHAPTER - I

PRELIMINARY

1. Short Title and Commencement

1.1. These Directions shall be called the Master Direction - Reserve Bank of India (Filing of Supervisory Returns) Directions – 2024.

1.2. These Directions shall come into immediate effect.

2. Applicability

2.1. These Directions shall apply to the following entities:

• All Commercial Banks excluding Regional Rural Banks. Commercial Banks include Public Sector Banks (PSBs), Private Sector Banks (PVBs), Small Finance Banks (SFBs), Payment Banks (PBs), Local Area Banks (LABs) and Foreign Banks (FBs).
• All Primary (Urban) Co-operative Banks.
• Select All India Financial Institutions (Exim Bank, NABARD, NHB, SIDBI and NABFID).
• All Non-Banking Financial Companies [excluding Housing Finance Companies (HFCs)] and all Asset Reconstruction Companies (ARCs).

2.2. The entities mentioned at paragraph 2.1. above shall hereafter be referred to as ‘Supervised Entities (SEs)’ for the purpose of these Directions.

2.3. Commercial Banks and NBFCs shall be required to report data on their domestic and overseas operations, including the operations of IFSC Banking Units (IBUs) and Overseas Banking Units (OBUs), wherever applicable.

2.4. These Directions shall be in addition to, and not in derogation of any other Instructions / Directions issued by the RBI, except for such clauses in the instructions / Directions that have been repealed herein.

3. Definitions

3.1. In these Directions, unless the context otherwise requires, the terms herein shall bear the meanings assigned to them as below:

• 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.
• CRILC refers to a database, i.e., Central Repository of Information on Large Credits (CRILC) as specified in the framework ‘Early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders: Framework for Revitalising Distressed Assets in the Economy’ dated January 30, 2014 and subsequent circulars/ guidelines in this regard.
• CIMS refers to an online platform, i.e., Centralised Information Management System of the RBI for return submission, data dissemination and other related purposes.
• ‘Commercial Banks’ here refers to all banking companies (including banks incorporated outside India licensed to operate in India (‘Foreign Banks’), Local Area Banks (LABs), Small Finance Banks (SFBs), Payment Banks (PBs)), corresponding new banks, regional rural banks (‘RRBs’) and State Bank of India as defined under subsections (c), (da), (ja) and (nc) of section 5 of the Banking Regulation Act, 1949.
• Scheduled Banks refers to banks which are included in the Second Schedule to the Reserve Bank of India Act, 1934.
• Select All India Financial Institutions refers to EXIM Bank, National Bank for Agriculture and Rural Development (‘NABARD’), National Housing Bank (‘NHB’), Small Industries Development Bank of India (‘SIDBI’) and National Bank for Financing Infrastructure and Development (‘NaBFID’) as established by the Export-Import Bank of India Act, 1981; the National Bank for Agriculture and Rural Development Act, 1981; the National Housing Bank Act, 1987; the Small Industries Development Bank of India Act, 1989 and the National Bank For Financing Infrastructure and Development Act, 2021 respectively.
• Urban Co-operative Banks (UCBs) refers to all primary co-operative banks as defined under clause (ccv) of subsection 1 of section 56 of the Banking Regulation Act, 1949.
• Non-Banking Financial Companies (NBFCs) refers to a company engaged in the business of financial institution as contained in clause (f) of Section 45 I of the RBI Act, 1934. The ‘Principal Business’ criteria may be referred to as given in RBI’s Press Release No. 1998-99/1269 dated April 8, 1999.
• Base, Middle, Upper and Top Layers NBFCs shall have the same meaning as given in RBI’s notification DoR.FIN.REC.No.45/03.10.119/2023-24 dated October 19, 2023 (Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023) and subsequent clarifications thereon.
• Asset Reconstruction Company (ARC) refers to a company registered with the Reserve Bank under Section 3 of the SARFAESI Act, 2002 for the purposes of carrying on the business of asset reconstruction or securitization, or both.

All other expressions unless defined herein shall have the same meaning as have been assigned to them under the Reserve Bank of India Act, 1934, or Banking Regulation Act, 1949, or Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 or Glossary of Terms published by Reserve Bank or as used in commercial parlance, as the case may be.