Ref. RBI.No. 323 - 2004
DBS.CO.PP.BC. 12 /11.01.005/2004-05
December 30, 2004
All Scheduled Commercial Banks
(excluding RRBs)
Dear sir,
Reducing burden on banks- Rationalisation
of returns submitted by banks to RBI
Banks are required to submit a
number of Returns / Statements to Reserve Bank of India, under various statutory
/ regulatory obligations at different points of time during a year. Several
such returns are submitted to the Department of Banking Supervision (DBS) of
Reserve Bank of India as part of off-site surveillance requirement. With a view
to reducing extra burden on banks, a review of various returns / statements
have been carried out. The review revealed that some of the returns (please
see Annexure) have become redundant or lost its relevance
owing to subsequent developments. It is therefore, advised that henceforth banks
need not submit these returns to Department of Banking Supervision (DBS), Reserve
Bank of India.
2. The review also revealed
that certain returns / statements are forwarded by the banks to both Central
Office as well as to the respective Regional Offices (ROs) of DBS. It has been
decided that henceforth, banks will be required to submit these returns (please
see Annexure) to the Central Office of DBS only and
such returns need not be forwarded to the respective Regional Offices any more.
3. Please acknowledge receipt.
Yours faithfully,
(K Gopalakrishnan)
General Manager
Encl. As above
Annexure
|
Sr.No.
|
Name of the Return
|
Description
|
Periodicity
|
Remarks
|
|
1
|
Progress report on the implementation
of the recommendations of the working group to review the internal control
& inspection / audit systems in banks (Jilani Committee)
|
Status of internal control
in terms of Jilani Committee recommendations.
|
Quarterly
|
Submission of the report
is discontinued.
|
|
2
|
Return on change in FCNR(B)
interest rates.
|
Change in FCNR(B) interest
rates.
|
As and when changed.
|
Submission of the report
is discontinued.
|
|
3
|
Bank Profile
|
Financial profile
|
Annual
|
The return will be discontinued
w.e.f. April 2005.
|
|
4
|
Statement showing position
of entries outstanding for more than 6 months in the Inter-bank (including
Nostro) Accounts.
|
Outstanding entries in Inter-bank
accounts.
|
Quarterly
|
Submission of copies to the
ROs discontinued.**
|
|
5
|
Statement showing position
of entries outstanding for more than 6 months in the Inter-branch Accounts.
|
Outstanding entries in Inter-branch
accounts.
|
Quarterly
|
Submission of copies to the
ROs discontinued.**
|
|
6
|
Review of loss making branches.
|
Sate-wise classification
of loss making branches.
|
Annual
|
Submission of copies to the
ROs discontinued.**
|
|
7
|
Statement on position of
balancing of books.
|
Position of balancing of
books
|
Quarterly
|
Submission of copies to the
ROs discontinued.**
|
|
8
|
Statement of bad debt written
off.
|
Position of bad debt written
off.
|
Quarterly
|
Submission of copies to the
ROs discontinued.**
|
|
9
|
Return on Forward Rate Agreement
(FRA) / Interest Rate Swaps (IRS)
|
FRA / IRS
|
Fortnightly
|
Submission of copies to the
ROs discontinued.**
|
|
10
|
DSB returns
|
Prudential supervisory information.
|
Monthly / Quarterly
|
Submission of the hard copies
to ROs (except Jammu RO) discontinued.**
|
**It should,
however, be continued to be submitted to DBS, Central Office.
|