RBI releases Single Master Circular for all Supervisory Returns and Timelines for Filing of Returns

The Reserve Bank of India (RBI) has released a Single Master Circular for all Supervisory Returns and Timelines for Filing of Returns.

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.

To produce a single reference for all Supervisory Returns and to synchronize return filing timelines, all relevant instructions have been rationalised and combined 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.

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I. The list of underlying notifications/circulars which form the basis of this Master Direction and are hereby being repealed (whole or in part) is furnished in Annex II.

Annex III compiles and presents the set of applicable returns to be filed by SEs, as well as a basic description of the returns, while Annex IV lists the various dates for return submission.

Guidance on filing these returns is accessible on the Bank’s website under the ‘Regulatory Reporting’ category. Annex V lists online sites where SEs can file applicable returns. The abbreviations used in this Master Direction are listed in Annex VI.

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

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