Vivek Jalan
Quick Summary
As per FEMA Norms, Supervisory returns refer to all periodic/ ad-hoc data submitted to RBI in formats prescribed from time to time. Commercial banks have to file 36 returns, including on Asset Liability and Off-Balance Sheet Exposures, asset quality, liquidity return, Interest Rate Sensitivity, Larg
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FAQ :
Supervisory returns refer to all periodic or ad-hoc data submitted to the RBI in formats that are prescribed from time to time.
The master direction applies to banks, non-banking finance companies (NBFCs), and select all-India financial institutions.
Regional rural banks and housing finance companies have been excluded from these specific norms.
Banks need to file returns on topics such as Asset Liability and Off-Balance Sheet Exposures, asset quality, liquidity, Interest Rate Sensitivity, Large Credits, Red Flagged Accounts/Fraud Borrowers, and Ownership and Control, among others.
Yes, Public Sector Banks (PSBs) must now submit half-yearly and quarterly reviews within 21 days of receiving the auditor's report, and interest rate sensitivity returns are mandated within 15 days for all months, a change from previous quarterly requirements.
The primary goal is to provide a single document for compliance related to supervisory data submission, offering clarity and reducing the overall compliance burden for the covered institutions.
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