Amendment Revises Banking Company Reporting Timelines

The Banking Regulation (Companies) Amendment Rules, 2025, notified on 10 December 2025 and effective from 15 December 2025, amend the 1949 Rules governing banking companies. Key changes include omission of references to “subsidiary banks” in rules and forms, and removal of certain sub-clauses in rule 2, rule 2A, and rule 15B. Reporting timelines in FORM VIII and FORM X are revised from alternate Fridays to the 15th and last day of the month, aligning filings with a regular monthly schedule. Reporting formats are updated to include Exim Bank, National Bank, National Housing Bank, Small Industries Bank, and other development financial institutions as defined under the RBI Act, 1934. Clause adjustments in forms incorporate amounts deposited under the Reserve Bank’s Standing Deposit Facility Scheme and revise percentage-based reporting references. The amendments streamline reporting, update institutional references, and remove obsolete provisions, ensuring clarity and compliance for banking companies under the Banking Regulation Act, 1949.

MINISTRY OF FINANCE
(Department of Financial Services)
NOTIFICATION
New Delhi, the 10th December, 2025

G.S.R. 890(E).—In exercise of the powers conferred by section 52 of the Banking Regulation Act, 1949 (10 of 1949), and after consultation with the Reserve Bank of India, the Central Government hereby makes the following rules further to amend the Banking Regulation (Companies) Rules, 1949, namely: —

1. Short title and commencement. — (1) These rules may be called the Banking Regulation (Companies) Amendment Rules, 2025.

(2) They shall come into force on the 15th day of December, 2025.

In the Banking Regulation (Companies) Rules, 1949 (hereinafter referred to as the ‘said rules’), in rule 2, in sub-rule (1), in clause (f), sub-clause (iv)shall be omitted.

3. In the said rules, –

i. in rule 2A, the words “subsidiary bank” and “a subsidiary bank” shall be omitted.

ii. rule 15B shall be omitted.

iii. in the FORM VIII, –

(a) under the heading “As at the close of business on”, for “First alternate Friday@”, “Second alternate Friday@” and “Third alternate Friday@”, the following shall be substituted, namely: –

“15^th day of the month@” and “Last day of the month@,”;

(b) in PART A,

i. in clause I, in sub-clause (a), in item (i), the words “subsidiary banks” shall be omitted.

ii. in clause II, for the words “Industrial Development Bank of India, Export Import Bank of India and National Bank for Agriculture and Rural Development”, the words, brackets, letters and figures “Exim Bank, National Bank, National Housing Bank, Small Industries Bank, National Bank for Financing Infrastructure and Development and other development financial institution as defined in section 2 (cccii) of the Reserve Bank of India Act, 1934” shall be substituted.

iii. in clause V, in sub-clause (a), in item (i), the words “subsidiary banks” shall be omitted.

(c) in PART B, for clause VIII, for the brackets, figure and words “(3 per cent of VII as on the last Friday of the second preceding fortnight)” the brackets, figure and words “(Such per cent of VII, as on the last day of the second preceding fortnight, as notified by the Reserve Bank)” shall be substituted.

(d) in PART C, –

a. in clause XI, for the brackets, figures and words “(25 per cent or such other specified percentage of VII as on the last Friday of the second preceding fortnight)” the brackets, figures and words “(Such per cent of VII, as on the last day of the second preceding fortnight, as notified by the Reserve Bank)” shall be substituted.

b. in clause XIII, –

(i) after sub-clause (h), the following sub-clause shall be inserted, namely: –

“(i) Amount deposited with the Reserve Bank, under Standing Deposit Facility Scheme.”

(ii) after clause (i), so as inserted, for the brackets, words and letters “Total of (a) to (h)”, the brackets, words and letters “Total of (a) to (i)” shall be substituted.

(e) in the note, –

i. the words “Subsidiary banks” shall be omitted.

ii. for the word “Friday” the figures, letter and words “15^th or the last day of month” shall be substituted.

(iv) in FORM X, –

(a) in the heading, for the word “Friday”, the word “day” shall be substituted.

(b) in PART I, in item A.4, –

i. sub-item 4.1.3, shall be omitted.

ii. sub-item 4.3.1, shall be omitted.

iii. in item B, sub-item 3.2 shall be omitted.

(c) after PART III, in the Notes, –

i. in the Note 1, for the word “Friday”, the word “day” shall be substituted.

ii. in the Note 4, for the words “concerned Friday”, the words “the last day of a month” shall be substituted.

[F. No. 7/19/2023 (Part-I)-BOA-I]
SHALINI PANDIT, Jt. Secy.

Note: The principal rules were published in the Gazette of India, Part 1, Section 1 vide Notification No. F.4(55)-F-1/49 dated 26th March, 1949 and subsequently amended vide the Ministry of Finance Notifications listed below: —