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Date: 01/07/2014
Master Circular - Returns to be submitted by NBFCs

RBI/2014-15/38
DNBS.PD.CC.No.383 /03.10.042/2014-15

July 1, 2014

To,

All NBFCs (Excluding RNBCs)

Dear Sirs,

Master Circular - Returns to be submitted by NBFCs

In order to have all current instructions in one place, the Reserve Bank of India issues updated circulars/notifications to NBFCs on various subjects. It is advised that instructions on various returns to be submitted by NBFCs as updated till June 30, 2014, have been compiled herein and enclosed for ready reference. The Master Circular has also been placed on the RBI web-site (http://www.rbi.org.in).

Yours faithfully,

(K. K. Vohra)
Principal Chief General Manager

Table of Contents

Para No.

Particulars

A

Returns to be submitted by deposit taking NBFCs

B

Returns to be submitted by NBFCs-ND-SI

C

Quarterly return on important financial parameters of non deposit taking NBFCs having assets of more than Rs.50 crore and above but less than Rs 100 crore

D

Other Returns

E

Reporting dates and Due dates for Returns to be submitted by NBFCs

 

Appendix

Introduction

NBFCs are required to submit various returns to RBI w.r.t their deposit acceptance, prudential norms compliance, ALM etc. Detailed instructions regarding submission of returns by NBFCs have been issued through various company circulars. A list of such returns to be submitted by NBFCs-D, NBFCs-ND-SI and others is as under:

A. Returns to be submitted by deposit taking NBFCs

  1. NBS-1 Quarterly1 Returns on deposits in First Schedule2.

  2. NBS-2 Quarterly3 return on Prudential Norms is required to be submitted by NBFC accepting public deposits4.

  3. NBS-3 Quarterly return on Liquid Assets by deposit taking NBFC5.

  4. NBS-4 Annual return of critical parameters by a rejected company holding public deposits.

    (NBS-5 stands withdrawn as submission of NBS 1 has been made quarterly6.)

  5. NBS-6 Monthly return on exposure to capital market bydeposit taking NBFC with total assets of Rs 100 crore and above7.

  6. Half-yearly ALM return by NBFC holding public deposits of more than Rs.20 crore or asset size of more than Rs. 100 crore8.

  7. Audited Balance sheet and Auditor’s Report by NBFC accepting public deposits9.

  8. Branch Info Return10.

B. Returns to be submitted by NBFCs-ND-SI

  1. NBS-7 A Quarterly11 statement of capital funds, risk weighted assets, risk asset ratio etc., for NBFC-ND-SI12.

  2. Monthly Return on Important Financial Parameters of NBFCs-ND-SI13.

  3. ALM returns:

    (i) Statement of short term dynamic liquidity in format ALM [NBS-ALM1] -Monthly,

    (ii) Statement of structural liquidity in format ALM [NBS-ALM2] Half yearly,

    (iii) Statement of Interest Rate Sensitivity in format ALM -[NBS-ALM3], Half yearly14.

  4. Branch Info return15

C. Quarterly return on important financial parameters of non deposit taking NBFCs having assets of more than Rs.50 crore and above but less than Rs 100 crore

13. Basic information like name of the company, address, NOF, profit / loss during the last three years has to be submitted quarterly by non-deposit taking NBFCs with asset size between Rs 50 crore and Rs 100 crore16.

D. Other Returns

  1. As at the end of March every year, all NBFCs are required to submit an annual certificate duly certified by the Statutory Auditors that the company is engaged in the business of NBFI requiring it to hold the CoR. The certificate shall also indicate the asset / income pattern of the NBFC for making it eligible for classification as AFC, Investment Company, or Loan Company17.

  2. An NBFC with FDI has to submit a half yearly (half year ending March and September) certificate to the effect that it has complied with the minimum capitalisation norms and that its activities are restricted to the activities prescribed under FEMA18.

  3. With regard to overseas investment a Quarterly Return is to be submitted by all NBFCs to the Regional Office of DNBS and also Department of Statistics and Information Management (DSIM)19.

A table showing periodicity and particulars of returns is as per Annex.

E. Reporting dates and Due dates for Returns to be submitted by NBFC

Sr No

Name of the Return

Short Name

Periodicity

Reference Date

Reporting Time

Due on

Purpose

To be submitted by

1.

Quarterly Returns By deposit taking NBFCs (As required by “Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998”.)

NBS1

Quarterly

31st March/ 30th June/
30th Sept/
31st Dec

15 days

15th April/
15th July/ 15th Oct/ 15th Jan

Details of Assets And Liabilities

NBFCs-D

2.

Quarterly Statement of Capital Funds, Risk Assets etc as required under the Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions 2007 By deposit taking NBFCs

NBS2

Quarterly

31st March/ 30th June/
30th Sept/
31st Dec

15 days

15th April/
15th July/ 15th Oct/ 15th Jan

Capital Funds, Risk Assets, Asset Classification etc

NBFCs-D

3.

Quarterly Return on Statutory Liquid Assets as per Section 45 IB of the Act By Deposit Taking NBFCs

NBS3

Quarterly

31st March/ 30th June/
30th Sept/
31st Dec

15 days

15th April/
15th July/ 15th Oct/ 15th Jan

Statutory Liquid Assets

NBFCs-D

4.

Annual Return on Repayment of Deposits by the Rejected Companies holding Public Deposits (The return was subsequently simplified for better response)

NBS4

Annual

March 31

30 days

May 01

Details of Public Deposits, Other Liabilities

NBFCs holding public deposits whose application
for Certificate of Registration under Section 45-IA of
RBI Act, 1934 have been rejected

5.

Monthly Return on Capital Market Exposure

NBS6

Monthly

As at the end of the month

7days

7th day of next month

Details of Capital Market Exposure

NBFCs-D

6.

Quarterly Return of Capital Funds, Risk-Asset Ratio from NBFCs-ND-SI (Supervisory Return)

NBS7

Quarterly

31st March/ 30th June/
30th Sept/
31st Dec

15 days

15th April/
15th July/ 15th Oct/ 15th Jan

Capital Funds, Risk Assets,
Risk Weighted off-balance sheet items
(Non-Funded Exposures), Asset Classification etc.

NBFCs-ND-SI

7.

Asset-Liability Management (ALM) Return

ALM

Half yearly

31st March/ 30th Sept

1 month

30th April/ 30th Oct

Structural Liquidity,
Short-term dynamic liquidity, Interest Rate sensitivity etc.

NBFCs-D having public deposit of Rs 20 crore and/or asset size of more than Rs. 100 crore

8.

ALM Returns of NBFC-ND-SI

i.

A Statement of short term dynamic liquidity in format ALM -NBS-ALM1

ALM-1

Monthly

As at end of the month

10 days

10th day of next month

Short-term dynamic liquidity

NBFC-ND-SI

ii.

Statement of structural liquidity in format ALM – NBS-ALM2

ALM-2

Half yearly

31st March/ 30th Sept

20 days

20th April/ 20th Oct

Structural liquidity

NBFC-ND-SI

iii.

Statement of Interest Rate Sensitivity in format ALM-NBS-ALM3.

ALM-3

Half yearly

31st March/ 30th Sept

20 days

20th April/ 20th Oct

Interest Rate sensitivity

NBFC-ND-SI

9.

Monthly Return on Important Financial Parameters of NBFCs not accepting/holding public deposits and having asset size of Rs.100 crore and above

100 Crore
NBFCs-ND-SI

Monthly

end of every month

7days

7th of next month

Sources and Application of Funds, Profit and Loss Account, Asset Classification, Bank's/FIs exposure on the company, Details of Capital Market Exposure, Foreign Sources etc.

NBFC-ND-SI

10.

Quarterly return to be submitted by non-deposit taking NBFCs with asset size of Rs 50 crore and above but less than Rs 100 crore,

 

Quarterly.

31st March/ 30th June/
30th Sept/
31st Dec

within a period of one month from the close of the quarter

 

Basic information like name of the company, address. NOF, profit / loss during the last three years

 

11.

Quarterly Return to be submitted by NBFCs having overseas investment

 

Quarterly.

31st March/ 30th June/
30th Sept/
31st Dec

within a period of one month from the close of the quarter

 

Name of the WOS/JV, Country and date of incorporation Date of NoC from DNBS, Business undertaken

All NBFCs

12.

Branch Info Return

 

Quarterly

31st March/ 30th June/
30th Sept/
31st Dec

Within 10 days from the close of the quarter

10th April/
10th July/ 10th Oct/ 10th Jan

Branch information

NBFCs-D

13.

Branch Info Return

 

Quarterly

31st March/ 30th June/
30th Sept/
31st Dec

Within 10 days from the close of the quarter

10th April/
10th July/ 10th Oct/ 10th Jan

Branch information

NBFCs-ND-SI

14.

Return on FDI

 

Half yearly

31st March/ 30th Sept

 

 

 

All NBFCs

15

Overseas Investments

 

Quarterly

31st March/ 30th June/
30th Sept/
31st Dec

Within 15 days from the close of the quarter

 

 

All NBFCs

16

Statutory Auditor’s
Certificate

 

Annual

 

1 month from the date of finalization of the balance sheet. And in any case, not later than Dec 30th of that year.

 

To report that the NBFC is engaged in the business of NBFI, requiring the CoR.

All NBFCs

Note: NBFCs-D -> Deposit taking Non-Banking Financial Companies (NBFCs);
NBFCs-ND -> Non-Deposit taking NBFCs.
NBFCs-ND-SI -> Non-Banking Financial Companies (NBFCs) not accepting/holding public deposits and having asset sizes of Rs.100 crore and above (also termed as Systemically Important NBFCs or in short NBFCs-ND-SI)

Appendix

List of Circulars

Sr. No.

Circular No.

Date

(i)

Notification No.DFC.118/DG (SPT)-98

January 31, 1998

(ii)

Notification No. DNBS. 192 / DG (VL)-2007

February 22, 2007

(iii)

Notification No. DNBS. 193 / DG (VL)-2007

February 22, 2007

(iv)

Notification DFC(COC) No.108.ED(JRP)/97

April 30, 1997

(v)

Notification No. DFC.120/ED(G)-98

January 31, 1998

(vi)

Notification No.DFC.121/ED(G)-98

January 31, 1998

(vii)

DNBS.PD/ CC.No. 93 / 03.05.002 /2006-07

April 27, 2007

(viii)

DNBS (RID) C.C. No. 57/02.05.15/2005-06

September 6, 2005

(ix)

DNBS (PD). CC. No. 125/03.05.002 / 2008-2009

August 1, 2008

(x)

DNBS (PD). CC. No. 243/03.02.002 / 2011-12

September 22, 2011

(xi)

DNBS (PD).261/2013-14

September 3, 2013

(xii)

DNBS (PD).262/2013-14

September 3, 2013

1Revised vide CC NO.243 dated September 22, 2011

2Inserted vide Notification No.DFC.118/DG (SPT)-98 dated January 31, 1998

3Revised vide CC NO.243 dated September 22, 2011

4Inserted vide Notification No. DNBS. 192 / DG (VL)-2007 dated February 22, 2007

5Inserted vide Notification No DFC(COC) No.108.ED(JRP)/97 dated April 30, 1997

6Deleted vide CC NO.243 dated September 22, 2011

7Inserted vide Notification No. DNBS. 192 / DG (VL)-2007 dated February 22, 2007

8Inserted vide DNBS (PD).CC.No.15 /02.01 / 2000-2001 dated June 27, 2001

9Inserted vide Notification No.DFC.118/DG (SPT)-98 dated January 31, 1998

10Inserted in NBFC Deposits Directions 1998 vide Notification No.DNBS.(PD):261/2013-14 dated September 3, 2013

11Revised vide CC NO.243 dated September 22, 2011

12Inserted vide DNBS.PD/ CC.No. 93/ 03.05.002 /2006-07 dated April 27, 2007

13Inserted vide DNBS (RID) C.C. No. 57/02.05.15/2005-06 dated September 6, 2005

14Inserted vide Notification No. DNBS. 200 / CGM(PK)-2008 dated August 1, 2008

15Inserted in NBFC Non-Deposit Taking Companies Prudential Norms Directions 2007 vide Notification No.DNBS.(PD): 262 /2013-14 dated September 3, 2013

16Inserted vide DNBS.PD/ CC.No.130/ 03.05.002 /2008-09 dated September 24, 2008

17Inserted vide DNBS (PD) C.C. No. 79 / 03.05.002/ 2006-07 September 21, 2006 and
DNBS (PD) C.C. No. 81 / 03.05.002/ 2006-07 dated October 19, 2006

18 Inserted vide DNBS (PD).CC. No 167 /03.10.01 /2009-10 dated February 04, 2010

19 Inserted vide Notification No. DNBS.(PD)229/ CGM(US)-2011 dated June 14, 2011
Footnote: The Reference to Companies Act, 1956 in the Master Circular will be changed as and when change is effected in the original circular/notifications.
 
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