Home India Reserve Bank of India CIMS Project Implementation - Submission of Statutory Return...
Date: 2024-04-15 Category: Not Applicable State: Union Government Country: India

CIMS Project Implementation - Submission of Statutory Returns (Form A, Form VIII and Form IX) on CIMS Portal

Issued by Reserve Bank of India · Not Applicable

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Executive Summary & Key Takeaways

**Policy Summary:** This policy, issued by the Reserve Bank of India (RBI) on April 15, 2024, announces the transition of statutory return submissions (Form A, Form VIII, and Form IX) from the eXtensible Business Reporting Language (XBRL) Portal to the Centralised Information Management System (CIMS) Portal. This change is in accordance with Para 29 of the Master Direction Reserve Bank of India Cash Reserve Ratio CRR and Statutory Liquidity Ratio SLR Directions 2021. Effective dates for CIMS Portal submissions are as follows: * **Form A (fortnightly):** Reporting Friday, June 14, 2024 * **Form VIII (monthly):** May 2024 * **Form IX (annual):** December 31, 2024 Banks are instructed to submit Form A and Form VIII concurrently on both the XBRL and CIMS portals until the aforementioned dates. The issuing authority is the Department of Regulation, Central Office, located on the 12th-13th Floor, Nariman Bhavan, Nariman Point, Mumbai 400021. Mr. Manoranjan Padhy, Chief General Manager, is the contact person.

Key Entities Referenced

Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system. CIMS Project: Centralised Information Management System, Reserve Bank of India's next generation data warehouse. Form A: Statutory return related to unclaimed deposits, submitted by banks. Form VIII: Statutory return related to unclaimed deposits, submitted by banks. Form IX: Statutory return related to unclaimed deposits, submitted by banks. XBRL Portal: eXtensible Business Reporting Language Portal, the previous platform for submitting statutory returns. Master Direction Reserve Bank of India Cash Reserve Ratio CRR and Statutory Liquidity Ratio SLR Directions 2021: Regulatory document outlining requirements for banks regarding CRR and SLR. Mumbai, Maharashtra: City in India where the Central Office of the Department of Regulation of the Reserve Bank of India is located.
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भारतीय � रज़व� ब�क RESERVE BANK OF INDIA www.rbi.org.in RBI/2024-25/16 DoR.RET.REC.12/12.01.001/2024-25 April 15, 2024 The Chairperson / CEOs of all Commercial Banks Madam / Dear Sir, CIMS Project Implementation - Submission of Statutory Returns (Form A, Form VIII and Form IX) on CIMS Portal In terms of Para 29 of the Master Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021 (Updated as on September 25, 2023), banks submit the statutory Form A, Form VIII and Form IX (on unclaimed deposits) Returns in electronic form on the eXtensible Business Reporting Language (XBRL) Portal. 2. Following the launch of Reserve Bank’s next generation data warehouse, viz., the Centralised Information Management System (CIMS), it has been decided to shift the submission of Form A, Form VIII and Form IX Returns from the XBRL Portal to the CIMS Portal. Banks shall, accordingly, submit the fortnightly Form A Return from the Reporting Friday June 14, 2024, monthly Form VIII Return from May 2024 and the annual Form IX Return from December 31, 2024 respectively on the CIMS Portal only. 3. Banks shall continue to submit Form A & Form VIII both on XBRL as well as CIMS portals concurrently till the date/month indicated above. Yours faithfully, (Manoranjan Padhy) Chief General Manager ________________________________________________________________________________________________________________________________________________________ िविनयमन िवभाग, क�द्रीय काया�लय, 12वी ं और 13वी ं मंिज़ल, नरीमन भवन, नरीमन पॉइंट, मुंबई 400021 Department of Regulation, Central Office, 12th & 13th Floor, Nariman Bhavan, Nariman Point, Mumbai 400021 ब�क िहंदी म� पत्राचार का �ागत करता है Caution: RBI never sends mails, SMSs or makes calls asking for personal information like bank account details, passwords, etc. It never keeps or offers funds to anyone. Please do not respond in any manner to such offers.

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