Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions – 2024 issued by Reserve Bank of India on 27th February, 2024. At present, all the existing returns in XBRL Portal have been discontinued, and a new CIMS portal has come into effect. As per the latest direction all NBFCs are required to submit the supervisory returns on CIMS Portal.
Following table shows the applicable returns and revised timelines :
|
Return Name |
Applicability | Existing Timelines | Revised Timelines | Reference Date |
|---|---|---|---|---|
| DNBS02 | NBFCs in Base Layer |
Frequency- Annual | Frequency- Quarterly | 31st March/ 30th June/ 30th September/ 31st December |
| Timeline – Within 60 days from 31st March | Timeline – Within 21 days from Reference Date | |||
| DNBS 10 | All NBFCs | Frequency- Annual | Frequency- Annual | 31st March |
| Timeline – Within 1 month from the date of signing of the Audit Report, but not later than 31st Dec. | Timeline – Within 5 working days from the date of signing of the Audit Report, but not later than 31st Dec. | |||
| DNBS 13 | All NBFCs | Frequency- Quarterly | Frequency- Quarterly | 31st March/ 30th June/ 30th September/ 31st December |
| Timeline – Within 15 days from end of each quarter (March, June, September, December) | Timeline – Within 21 days from Reference Date | |||
| DNBS04A- Short Term Dynamic Liquidity (STDL) | NBFC-BL with asset size of ₹100 crore and above solely |
Frequency- Quarterly | Frequency- Quarterly | 31st March/ 30th June/ 30th September/ 31st December |
| Timeline – Within 15 days from Reference Date | Timeline – Within 21 days from Reference Date | |||
| DNBS04B-Structural Liquidity & Interest Rate Sensitivity | NBFC-BL with asset size of ₹100 crore and above solely | Frequency- Monthly | Frequency- Monthly | 31st March/ 30th April/ 31st May/ 30th June/ 31st July/ 31st August/ 30th September/ 31st October/ 30th November/31st December/ 31st January/ 28th or 29th February as applicable |
| Within 10 days from the Reference Date | Within 15 days from the Reference Date | |||
| FORM A Certificate | Frequency- Yearly | Within one month from the date of appointment of Statutory Auditor (SA). |
Major change: The frequency for submission of DNBS02 return, which is applicable to Base Layer NBFCs, has been changed from Annual to Quarterly.
In view of XBRL portal’s discontinuation, all the NBFCs are required to submit the applicable returns on CIMS Portal on a timely basis, a strict action is being taken by RBI which may even extend to cancellation of certificates in extreme cases.
