RBI/2004-05/454
DBS. CO. OSMOS. BC. No. 20 /33.01.001/2004-05
May 04, 2005
To
Chairmen/Chief Executive Officers,
All Scheduled Commercial Banks (excl. RRBs)
Dear Sir,
Supervisory Reporting System – Off-site
Monitoring and Surveillance (OSMOS) - DSB Returns - Time for Filing the Returns
As you aware, pursuant to the new
supervision approach approved by the Board for Financial Supervision (BFS),
an off-site monitoring and surveillance (OSMOS) system comprising a set of periodic
returns was introduced in 1995. Since then, the reporting system has travelled
a long way both in terms of coverage and technological upgradation. With the
stabilisation of the reporting system, it has become a very important tool in
regulation and supervision.
While introducing the OSMOS system
in 1995, the time limit for filing the returns was set at 21 days for Foreign
and New Private Banks and 30 days for Public Sector and Old Private Sector Banks.
The time limits for filing the returns were set keeping in view of the state
of technology, spread of branch network, etc. at that time. During the last
one decade, the level of computerisation and branch networking has gone up significantly
in the banking industry which should, inter-alia, enable the banks to collect
and consolidate data more expeditiously.
In view of the increasing importance
of off-site data in regular monitoring of banks, it is imperative that the data
be made available with minimum lag possible from the reference date. Accordingly,
it has been decided that effective quarter ended June 2005, the time limit for
filing the monthly and quarterly off-site returns stands changed to 15 days
and 21 days respectively from the close of the relevant period for all categories
of banks, a detail schedule of submission of various returns is given in the
enclosed sheet. We request you to bestow personal attention
to ensure that the revised schedule is strictly adhered to from June 2005 onwards.
Please acknowledge receipt of the
circular.
Yours faithfully,
Sd/-
(G. Gopalakrishna)
Chief General Manager-in-Charge
Revised Time Schedule for Submission
of Off Site Returns effective from June 2005
|
Returns
|
Periodicity
|
Time Limit for Submission
|
|
Foreign / New Private Banks
|
Existing
|
Revised
|
|
Tranche I & II Returns
Return I ALE
Return IV RAQ,
Return VIII STL,
Return IX IRS,
Return X MAP &
Return XI SIR
|
Monthly
|
21 days from the close of
the period
|
15 days from the close of
the month
|
|
Tranche I and II Returns
Return I ALE,
Return II RCA,
Return III ROR,
Return IV RAQ,
Return V RLC,
Return VI RCL*,
Return VII ROC*,
Return VIII STL,
Return IX, IRS,
Return X MAP,
Return XI SIR,
Return RBS1 &
Return XII RIS*
* Not applicable for Foreign
Banks
|
Quarterly /
ROC is half yearly
|
21 days from the close of
the period
|
No change
|
|
Public Sector / Old Private
Banks
|
|
|
|
Tranche I & II Returns
Return 1 ALE
Return IV RAQ,
Return VIII STL,
Return IX IRS,
Return X MAP &
Return XI SIR
|
Monthly
|
30 days from the close of
the month
|
15 days from the close of
the month
|
|
Tranche I and II Returns
Return I ALE,
Return II RCA,
Return III ROR,
Return IV RAQ,
Return V RLC,
Return VI RCL,
Return VII ROC,
Return VIII STL,
Return IX, IRS,
Return X MAP,
Return XI SIR,
Return RBS1 &
Return XII RIS
|
Quarterly /
ROC is half yearly
|
30 days from the close of
the month
|
21 days from the close of
the quarter
|
|
Returns
|
Periodicity
|
Time Limit for Submission
|
|
Other Returns
|
|
Existing
|
Revised
|
|
DSB - O Return I to VII
Applicable for Indian Banks having overseas
operations
|
Quarterly
|
21 days from the close of the quarter
|
No change
|
|
CPR
|
Half Yearly
|
As per CPR guidelines
|
No Change
|
|
BSA
|
Yearly
|
Immediately on completion of audit
|
No Change
|
|