Executive Summary:
The Reserve Bank of India (RBI) has extended the timelines for submitting regulatory returns to ease difficulties arising from the COVID-19 pandemic. Scheduled Commercial Banks, RRBs, Small Finance Banks, Payments Banks, Local Area Banks, All India Financial Institutions and All Cooperative Banks can delay submissions by up to 30 days for returns due by June 30, 2020. Statutory returns under specific acts are excluded from this extension.
Key Points / Main Content:
Extension of Regulatory Return Timelines:
* Regulatory returns to the Department of Regulation can be submitted up to 30 days late.
* This extension applies to returns due by June 30, 2020.
* Entities able to submit returns earlier should continue to do so.
Exclusions:
* No timeline extension is permitted for statutory returns under the Banking Regulation Act, 1949, RBI Act, 1934, or any other Act (e.g., CRR/SLR returns).
Communication Protocol:
* All communication to the Department of Regulation should be via corporate email, avoiding physical documents, until further notice.
Annex Details:
* The annex lists specific regulatory returns eligible for the 30-day extension, along with their frequency and the reference act or circular under which they are prescribed. Returns include those related to payment of dividend, issue of shares, DEA Fund Scheme, Gold Monetisation Scheme, exposures to QCCP, resources raised, large exposure framework, Ind AS proforma, branch outlets, PSU investment statement, Merchant Acquiring Business, shareholding restrictions and distribution of offices.
Impact Analysis:
Regulated Entities (Scheduled Commercial Banks, RRBs, Small Finance Banks, Payments Banks, Local Area Banks, All India Financial Institutions, and All Cooperative Banks):
Impact: Benefit from extended timelines for submitting regulatory returns due to COVID-19 disruptions.
Action Required: Be aware of the extended deadlines for eligible returns and ensure timely submission within the new timeframe. Continue to submit returns earlier if possible. Note that statutory returns are excluded from the extended timeline.
Key Entities Referenced
Reserve Bank of India (RBI): The central bank of India, responsible for regulating the banking system and monetary policy.
Scheduled Commercial Banks (SCBs): Banks in India that are listed in the Second Schedule to the Reserve Bank of India Act, 1934.
Regional Rural Banks (RRBs): Regional Rural Banks are financial institutions in India that operate at the regional level to provide credit and other financial services to rural areas.
Small Finance Banks (SFBs): Niche banks in India focusing on providing financial services to the unserved and underserved population.
Payments Banks: A type of bank in India that can accept deposits, offer payments and remittance services, but cannot grant loans.
Local Area Banks: Private sector banks operating in a limited area.
All India Financial Institutions (AIFIs): Financial institutions in India that have been set up to cater to the specific financial needs of the country.
COVID-19: The coronavirus disease (COVID-19) pandemic that caused disruptions and necessitated the extension of regulatory timelines.
भारतीय �रजव र् ब�क
RESERVE BANK O F INDIA
www.rbi.org.in
RBI/2019-20/228
DOR.BP.BC.No.68/21.04.018/2019-20 April 29, 2020
All Scheduled Commercial Banks
(including RRBs and Small Finance Banks),
Payments Banks and Local Area Banks,
All India Financial Institutions,
All Co-operative Banks,
Madam / Dear Sir,
Submission of regulatory returns - Extension of timelines
In order to mitigate the difficulties in timely submission of various regulatory returns, in
view of disruptions on account of COVID-19 pandemic, it has been decided to extend
the timelines for their submission.
2. Accordingly, 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. The extension will be applicable to regulatory returns required to be
submitted upto June 30, 2020. Further details are furnished in the Annex. Those
entities that are in a position to submit the returns earlier may continue to do so.
3. 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).
4. Further, all communication to the Department of Regulation should be through
corporate e-mail to the extent possible (i.e., without involving physical movement of
papers). This arrangement shall continue till further notice.
Yours faithfully,
(Saurav Sinha)
Chief General Manager-in-Charge
िविनयमनिवभागक��ीय कायार्लय व�और व� मंिजल क��ीयकायार्लय भवन शहीद भगत�संहमागर्फोटर्मबुं ई
दरू भाष फैक्स ईमेल cgmicdor@rbi.org.in
, , 12 13 , , , , -400001
_______________________________________________________________________________________________________________________________________
Department of Regulation, Central O: f0fic2e2,- 1222th6 a0n1d0 0130t h Floo:r ,0 C22en-2tr2a7l O05ffi6c9e 1B u-ilding:, Shahid Bhagat Singh M arg, Fort, Mumbai- 400 001
Tel: 022- 2260 1000 Fax: 022-2270 5691 email: cgmicdor@rbi.org.in
�हंदीआसानहैइसका�योगबढ़ाइएAnnex: List of regulatory returns which can be submitted with a delay of a maximum of 30 days from the due date
Regulated entities to Frequency of the
Sr. Reference of Act or circular under which the
Name of the return which the return is return Current timeline
No return is prescribed
applicable
DBOD.NO.BP.BC.88/21.02.067/2004-05 May SCBs (excluding Within a fortnight after
1 Payment of dividend As and when basis
04, 2005 RRBs) declaration of dividend
Reporting Requirements under Basel III Capital
Report on issue of Subordinated Debt,
Regulations- Review dated June 23, 2016
raising of Upper Tier II Capital,
Perpetual Debts and Equity Capital All Commercial Banks
Master Direction Issue and Pricing of shares by Within one week from date
2 (Qualified Institutional Placements- (Excluding Local Area As and when basis
Private Sector Bank dated April 21, 2016 of issue
QIP, Preferential issue to Promoters, Banks and RRBs)
GDR issue) together with copy of
DBR.No.BP.BC.01/21.06.201/2015-16 dated
document
July 01, 2015
SCBs (including
Operational Guidelines issued for DEA Fund
RRBs), Local Area
Scheme, 2014 vide letter no.
3 Form I Banks, UCBs, StCBs, Monthly Within 30 days
3044/30.01.002/2017-18 dated September 27,
DCCBs, SFBs and
2017 to all banks
PBs
SCBs (including
Operational Guidelines issued for DEA Fund
RRBs), Local Area
Scheme, 2014 vide letter no.
4 Form II Banks, UCBs, StCBs, Monthly Within 25 days
3044/30.01.002/2017-18 dated September 27,
DCCBs, SFBs and
2017 to all banks
PBs
Master Direction
Monthly Statement on Gold No.DBR.IBD.No.45/23.67.003/2015-16 dated SCBs (excluding
5 Monthly Within 30 days
Monetisation Scheme, 2015 October 22, 2015 (updated as on August 16, RRBs)
2019)Regulated entities to Frequency of the
Sr. Reference of Act or circular under which the
Name of the return which the return is return Current timeline
No return is prescribed
applicable
Statement of Gold and Silver imported IBS.1758/23.67.001/2002-03 dated April 23, SCBs (excluding
6 Monthly Within 30 days
during the month 2003 RRBs)
DBOD.No.BP.BC.82/21.06.217/2013-14 dated
SCBs (excluding
7 Return on exposures to QCCP January 7, 2014 "Banks’ Exposure to Central Monthly Within 30 days
RRBs)
Counterparties (CCPs) - Interim Arrangements"
Master Circular on Resource Raising Norms for
Monthly Return on Aggregate Financial Institutions All India Financial
8 Monthly Within 10 days
Resources Raised DBR.No.FID.FIC.1/01.02.00/2015-16 dated July Institutions
01, 2015
DBR.No.BP.BC.43/21.01.003/2018-19 dated
SCBs (excluding
9 Return on Large Exposure June 3, 2019 - Large Exposure Framework (non- Quarterly Within 30 days
RRBs)
centrally cleared derivative exposures)
Banks are advised by e-mails at end of every SCBs (excluding
10 Ind AS proforma Quarterly Within 60 days
quarter. RRBs)
DBR.RRB.BL.BC.No.40/31.01.002/2018-19
Format for interim reporting to Reserve
11 dated May 31, 2019 on Rationalisation of Branch RRBs Quarterly Within 20 days
Bank of India - BC Outlets
Authorisation Policy- Revision of Guidelines
RPCD.No.RF.ROC.9/07.02.03/98-99, dated
12 PSU Investment statement StCBs, DCCBs Quarterly Within 30 days
June 23, 1999
SCBs (including
Operational Guidelines issued for DEA Fund Half-yearly
RRBs), Local Area
Scheme, 2014 vide letter no. (ended on 31
13 Form III Banks, UCBs, StCBs, Within 30 days
3044/30.01.002/2017-18 dated September 27, March and 30
DCCBs, SFBs and
2017 to all banks September)
PBsRegulated entities to Frequency of the
Sr. Reference of Act or circular under which the
Name of the return which the return is return Current timeline
No return is prescribed
applicable
DOR.RRB.BL.BC.No. 31/31.01.001/2019 - 20
Half Yearly (ended
Statement of Merchant Acquiring dated February 06, 2020 on Guidelines on
14 RRBs on 31 March and Within 10 days
Business of RRBs Merchant Acquiring Business – Regional Rural
30 September)
Banks
Half-yearly
Circular on "Implementation of Indian Accounting
Proforma Ind AS Financial Statement All India Financial (ended on 31
15 Standards (Ind AS)" dated August 4, 2016 Within 60 days
for AIFIs Institutions March and 30
addressed to AIFIs
September)
Statement of shareholding ACD.B.R.388/A.11(19)65-6 dated March 01,
16 StCBs, DCCBs Yearly Within 30 days
(Restrictions on holding shares) 1966
RPCD.RF/ROC.No.15/07.07.11/2000-01, dated
17 Non-banking Asset StCBs, DCCBs Yearly Within 30 days
December 15, 2000
Table 34 (Distribution of offices RPCD.CO.RF.No.BC.9/07.06.00/2005-06, dated
18 StCBs, DCCBs Yearly Within 30 days
population/group wise) July 06, 2005