RBI/2004-05/437
Ref. DBS. FIMD. No. C-10 /10.06.00 / 2004-05
April 27, 2005
The CEOs of:
1. Industrial Investment Bank of India Limited
2. Tourism Finance Corporation of India Limited
3. Infrastructure Development Finance Company Limited
Dear Sir
Limited Off-site Supervision of select
Financial Institutions – Simplified Information System
Please refer to our Circular letter DBS.FID.No.
C-7 / 10.06.00 / 2001-2002 dated October 20, 2001 regarding revision of
the prudential return formats for off-site supervision. It has now been decided
that the Financial Institutions not accepting public deposits but having asset
size of Rs. 500 crore and above would be subjected to limited off-site supervision
by RBI. Therefore, with effect from the period ended March 31, 2005, the existing
system of off-site supervision would stand replaced by a simplified information
system known as the 'Quarterly return on important financial parameters in respect
of select Financial Institutions'. The format of the new return is given in
the Annexure to this letter.
2. The return, duly certified by the CEO and
the Statutory Auditor of the FI may be submitted to RBI within one month from
the end of the quarter to which it relates. As such, the first return in respect
of the period ended March 31, 2005 should reach RBI by April 30, 2005.
3. With the putting in place of the limited
off-site supervision system, the Annual Financial Inspection will no longer
be undertaken by RBI.
4. Please acknowledge receipt.
Sd/-
(Surekha Marandi)
General Manager
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