MASTER CIRCULAR – RETURNS TO BE SUBMITTED BY NBFCs
CIRCULAR NO. DNBS.PD.CC. NO.227/03.10.042/2011-12, DATED 1-7-2011
In order to have all current instructions in one place, the Reserve Bank of India has issued master circulars to NBFCs on various subjects. It is advised that instructions on various returns to be submitted by NBFCs issued up to June 30, 2011, have been compiled herein. A consolidated list of all such instructions is enclosed for ready reference. The master circular has also been placed on the RBI web-site (http://www.rbi.org.in).
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 Annual Returns on deposits in First Schedule.1
2. NBS-2 Half-yearly return on Prudential Norms is required to be submitted by NBFC accepting public deposits.2
3. NBS-3 Quarterly return on Liquid Assets by deposit taking NBFC.3
4. NBS-4 Yearly return of critical parameters by a rejected company holding public deposits.4
5. NBS-5 Monetary and supervisory return by NBFC having public deposits of Rs.20 crore and above.5
6. NBS-6 Monthly return on exposure to capital market by deposit taking NBFC with total assets of Rs. 100 crore and above.6
7. Half-yearly ALM return by NBFC holding public deposits of more than Rs.20 crore or asset size of more than Rs. 100 crore.7
8. Audited Balance sheet and Auditor’s Report by NBFC accepting public deposits.8
B. Returns to be submitted by NBFCs-ND-SI
1. NBS-7 An annual statement of capital funds, risk weighted assets, risk asset ratio etc., as at end of March every year for NBFC-ND-SI9
2. Monthly Return on Important Financial Parameters of NBFCs-ND—
3. SI10
4. ALM returns:
5. (i) Statement of short term dynamic liquidity in format ALM [NBS-ALM1 ]-Monthly,
6. (ii) Statement of structural liquidity in format ALM [NBS-ALM2]-Half Yearly
7. (iii) Statement of Interest Rate Sensitivity in format ALM -[NBS-ALM3]-Half yearly.11
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
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 crore.12
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 Company.13
2. 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 FEMA.14
3. 15Opening of Branch/Subsidiary/Joint Venture/Representative Office or Undertaking Investment Abroad by NBFCs
Quarterly Return is to be submitted by all NBFCs to the Regional Office of DNBS and also Department of Statistics and Information Management (DSIM)
A table showing periodicity and particulars of returns is as per Annex .
Reporting dates and Due dates for Returns to be submitted by NBFCs
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Sl. No
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Name of the Return
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Short Name
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Periodicity
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Reference Date
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Reporting Time
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Due on
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Purpose
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To be submitted by
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1.
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Annual Returns By deposit taking NBFCs (As required by “Non-Banking Financial Companies Acceptance of Public Deposits (Reserve Bank) Directions, 1998”.)
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NBS1
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Annual
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31st March
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6 months
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30th Sept
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Details of Assets And Liabilities
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NBFCs-D
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2.
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Half-Yearly 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
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NBS2
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Half-yearly
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31st March/30th Sept.
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3 months
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30th June/31st Dec.
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Capital Funds, Risk Assets, Asset Classification etc.
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NBFCs-D
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|
3.
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Quarterly Return on Statutory Liquid Assets as per section 45-IB of the Act By Deposit Taking NBFCs
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NBS3
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Quarterly
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31st March/ 30th June/30th Sept/31st Dec
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15 days
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15th April/15th July/15th Oct/15th Jan
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Statutory Liquid Assets
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NBFCs-D
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4.
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Quarterly Return on Repayment of Deposits by the Rejected Companies holding Public Deposits (The return was subsequently simplified for better response)
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NBS4
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Yearly
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31st March
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30 days
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to be submitted within 30 days from the close of the financial year,
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Details of Public Deposits, Other Liabilities
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NBFCs holding public deposits whose application for Certificate of Registration under Section 45-IA of RBI Act, 1934 have been rejected
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5.
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Quarterly submission of Monetary and Supervisory Return
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NBS5
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Quarterly
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31st March/30th June/30th Sept./31st Dec
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10 days
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10th April/10th July/10th Oct./10th Jan
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Components of Assets, Liabilities, Interest Rates, Cash Inflow/Outflow etc.
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NBFCs-D holding Public Deposits of Rs.20 crore and above as per the last audited balance sheet.
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6.
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Monthly Return on Capital Market Exposure
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NBS6
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Monthly
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As at the end of the month
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7days
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7th day of next month
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Details of Capital Market Exposure
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NBFCs-D
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|
7.
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Annual Return of Capital Funds, Risk-Asset Ratio from NBFCs-ND-SI (Supervisory Return)
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NBS7
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Annual
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31st March
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3 months
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30th June
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Capital Funds, Risk Assets, Risk Weighted off-balance sheet items (Non-Funded Exposures), Asset Classification etc.
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NBFCs-ND-SI
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8.
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Asset-Liability Management (ALM) Return
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ALM
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Half-yearly
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31st March/ 30th Sept.
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1 month
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30th April/30th Oct.
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Structural Liquidity, Short-term dynamic liquidity, Interest Rate sensitivity etc.
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NBFCs-D having public deposit of Rs 20 crore
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9.
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A Statement of short term dynamic liquidity in format ALM-NBS-ALM1
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ALM-1
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Monthly
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As at end of the month
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10 days
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10th day of next month
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Short-term dynamic liquidity
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NBFC-ND-SI
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|
10.
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Statement of structural liquidity in format ALM -NBS-ALM2
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ALM-2
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Half-yearly
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31st March/ 30th Sept.
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20 days
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20th April/20th Oct.
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Structural liquidity
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NBFC-ND-SI
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|
11.
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Statement of Interest Rate Sensitivity in format ALM-NBS-ALM3.
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ALM-3
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Half yearly
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31st March/30th Sept.
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20 days
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20th April/20th Oct
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Interest Rate sensitivity
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NBFC-ND-SI
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12.
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Monthly Return on Important Financial Parameters of NBFCs not accepting/holding public deposits and having asset size of Rs.100 crore and above
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100 Crore NBFCs-ND-SI
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Monthly
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end of every month
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7days
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7th of next month
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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.
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NBFC-ND-SI
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|
13
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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
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Quarterly
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31st March/30th June/30th Sept./31st Dec.
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within a period of one month from the close of the quarter
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Basic information like name of the company, address. NOF, profit/loss during the last three years
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|||
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14
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Quarterly Return to be submitted by NBFCs having overseas investment
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Quarterly
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31st March/30th June/30th Sept./31st Dec.
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within a period of one month from the close of the quarter
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Name of the WOS/JV, Country and date of incorporation, Date of NoC from DNBS, Business undertaken
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All NBFCs
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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
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Sl. No.
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Circular No.
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Date
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(i)
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Notification No.DFC.118/DG (SPT)-98
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January 31, 1998
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(ii)
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NOTIFICATION No. DNBS. 192/DG (VL)-2007
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February 22, 2007
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(iii)
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NOTIFICATION No. DNBS. 193/DG (VL)-2007
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February 22, 2007
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(iv)
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Notification DFC(COC) No.108.ED(JRP)/97
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April 30, 1997
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(v)
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Notification No. DFC.120/ED(G)-98
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January 31, 1998
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(vi)
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Notification No.DFC.121/ED(G)-98
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January 31, 1998
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(vii)
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DNBS.PD/CC.No. 93/03.05.002/2006-07
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April 27, 2007
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(viii)
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DNBS (RID) C.C. No. 57/02.05.15/2005-06
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September 6 , 2005
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(ix)
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DNBS (PD). CC. No. 125/03.05.002/2008-2009
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August 1, 2008
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(x)
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Notification No. DNBS.(PD)229/CGM(US)-2011
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June 14, 2011
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nn
1. Inserted vide Notification No.DFC.118/DG (SPT)-98, dated January 31, 1998
2. Inserted vide Notification No. DNBS. 192/DG (VL)-2007, dated February 22, 2007
3. Inserted vide Notification No DFC(COC) No.108.ED(JRP)/97, dated April 30, 1997
4. Inserted vide Circular No. 3/03.02.02/2009-10, dated August 13, 2009.
5. Inserted vide DNBS (PD) CC. No. 19/02.01/2001-02, dated April 22, 2002.
6. Inserted vide Notification No. DNBS. 192/DG (VL)-2007, dated February 22, 2007
7. Inserted vide DNBS (PD).CC. No.15/02.01/2000-2001, dated June 27,2001
8. Inserted vide Notification No. DFC.118/DG (SPT)-98, dated January 31, 1998
9. Inserted vide DNBS.PD/CC. No. 93/03.05.002/2006-07, dated April 27, 2007
10. Inserted vide DNBS (RID) C.C. No. 57/02.05.15/2005-06, dated September 6, 2005
11. Inserted vide Notification No. DNBS. 200/CGM(PK)-2008, dated August 1, 2008
12. Inserted vide DNBS.PD/ CC.No.130/ 03.05.002/2008-09, dated September 24, 2008
13. Inserted 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
14. Inserted vide DNBS (PD).CC. No 167/03.10.01/2009-10, dated February 4, 2010
15. Inserted vide Notification No. DNBS.(PD)229/CGM(US)-2011, dated June 14, 2011
