RBI extends due date of Regulatory Returns


RESERVE BANK OF INDIA (RBI) 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 tothe Department of Regulation can be submitted with a delay of upto 30 days from thedue 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).

Tax calendar for the month of May, 2020 – Income Tax, GST

List of regulatory returns which can be submitted with a delay of a maximum of 30 days from the due date

Name of the returnRegulated entities to which the return is applicableFrequency of the returnCurrent timeline
Payment of dividendSCBs (excluding RRBs)As and when basisWithin 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 documentAll Commercial Banks (Excluding Local Area Banks and RRBs)As and when basisWithin one week from date of issue
Form ISCBs (including RRBs), Local Area Banks, UCBs, StCBs, DCCBs, SFBs and PBsMonthlyWithin 30 days
Form IISCBs (including RRBs), Local Area Banks, UCBs, StCBs, DCCBs, SFBs and PBsMonthlyWithin 25 days
Monthly Statement on Gold Monetisation Scheme, 2015SCBs (excluding RRBs)MonthlyWithin 30 days
Statement of Gold and Silver imported during the monthSCBs (excluding RRBs)MonthlyWithin 30 days
Return on exposures to QCCPSCBs (excluding RRBs)MonthlyWithin 30 days
Monthly Return on Aggregate Resources RaisedAll India Financial InstitutionsMonthlyWithin 10 days
Return on Large ExposureSCBs (excluding RRBs)QuarterlyWithin 30 days
Ind AS proformaSCBs (excluding RRBs)QuarterlyWithin 60 days
Format for interim reporting to Reserve Bank of India – BC OutletsRRBsQuarterlyWithin 20 days
PSU Investment statementStCBs, DCCBsQuarterlyWithin 30 days
Form IIISCBs (including RRBs), Local Area Banks, UCBs, StCBs, DCCBs, SFBs and PBsHalf-yearly
(ended on 31 March and 30 September)
Within 30 days
Statement of Merchant Acquiring Business of RRBsRRBsHalf Yearly (ended on 31 March and 30 September)Within 10 days
Proforma Ind AS Financial Statement for AIFIsAll India Financial InstitutionsHalf-yearly
(ended on 31 March and 30 September)
Within 60 days
Statement of shareholding (Restrictions on holding shares)StCBs, DCCBsYearlyWithin 30 days
Non-banking AssetStCBs, DCCBsYearlyWithin 30 days
Table 34 (Distribution of offices population /group wise)StCBs, DCCBsYearlyWithin 30 days

The author of the above article is CS Lalit Rajput, Partner at Xcede Consultech LLP.
Email id: [email protected]

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