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, 2016, have been compiled herein and enclosed for ready reference. TheMaster Circular has also been placed on the RBI web-site (http://www.rbi.org.in).
Yours faithfully,
(Dr. Sathyan David)
Chief General Manager
Chief General Manager
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:
- NBS-3 Quarterly return on Liquid Assets by deposit taking NBFC5.
- 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(NBS-5 stands withdrawn as submission of NBS 1 has been made quarterly6.) - NBS-6 Monthly return on exposure to capital market bydeposit taking NBFC with total assets of Rs 100 crore and above7.
- Half-yearly ALM return by NBFC holding public deposits of more than Rs.20 crore or asset size of more than Rs. 100 crore8.
- Audited Balance sheet and Auditor’s Report by NBFC accepting public deposits9.
- Branch Info Return10.
- Monthly Return on Important Financial Parameters of NBFCs-ND-SI13.
- 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. - 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
- 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.
- 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.
- 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.
- 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.
| Sr No | Name of the Return | Short Name | Periodicity | Reference Date | Reporting Time | Due on | Purpose | Who are supposed to file the Return |
| 1. | Quarterly Returns By NBFCs | 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 1998 By NBFCs and RNBCs | 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 and RNBCs |
| 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 | Yearly | 31st March/ 30th June/ 30th Sept/ 31st Dec | 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 | 7 days | 7th day of next month | Details of Capital Market Exposure | NBFCs-D & RNBCs having Asset size of 100 crore and above. holding Public Deposits of Rs.20 crore and above |
| 6. | Quarterly Return of Capital Funds, Risk-Asset Ratio from NBFCs-ND-SI (Supervisory Return) | NBS7 | Quarterly | 31st March | 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 above and/or asset size of Rs.100 crore and above |
| 8. | 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 | 7 days | 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 etc. | NBFCs-ND having asset-size of Rs.100 crore and above. |
| 9. | Quarterly Return on Assets acquired, securitized and reconstructed | SC/RC | Quarterly | 31st March/ 30th June/ 30th Sept/ 31st Dec | 15 days | 15th April/ 15th July/ 15th Oct/ 15th Jan | details of Assets acquired/securitized/reconstructed | SC/RC |
| 10. | Statement of Short Term Dynamic Liquidity (ALM 1) | 100 Crore NBFCs-ND-SI | Monthly | End of every month | 10 days | 10th of next month | Short Term Dynamic Liquidity | NBFC-ND-SI having asset-size of Rs.100 crore and above. |
| 11. | Statement of Structural Liquidity (ALM 2) Interest Rate Sensitivity (ALM3) | 100 Crore NBFCs-ND-SI | Half yearly | 31st March/ 30th Sept | 20 days | 20th April 20th Oct | Structural Liquidity/ Interest Rate Sensitivity | NBFC-ND-SI having asset-size of Rs.100 crore and above. |
| 12. | ALM Yrly | 100 Crore NBFCs-ND-SI | Annual | 31st March | 15 days | 15th April | Disclosure in Balance Sheet. CRAR, Exp to Real Estate, | NBFC-NDSI having asset-size of Rs.100 crore and above. |
| 13. | Quarterly Return of NBFC with Asset size of Rs.50-100Crs | NBFC-NDSI-50Cr | Quarterly | 31st March/ 30th June/ 30th Sept/ 31st Dec | 30 days | 15th April/ 15th July/ 15th Oct/ 15th Jan | Sources and Application of Funds, Profit and Loss Account, Sectoral deployment of Funds | NBFCs-ND having asset-size of Rs.50-100 crore and above. |
| 14. | Branch Info Return for NBFC with Asset size of Rs.50Crs and above | NBFC-NDSI-50Cr NBFCs-ND-SI-100 Crore NBFC-D | Quarterly | 31st March/ 30th June/ 30th Sept/ 31st Dec | 15 days | 15th April/ 15th July/ 15th Oct/ 15th Jan | Branch Details | All NBFCs-ND having asset-size of Rs.50-crore and above. |
| 15. | Quarterly Return to be submitted by NBFCs having overseas investment. | NBFC-NDSI-50Cr NBFCs-ND-SI-100 Crore NBFC-D | Quarterly | 31st March/ 30th June/ 30th Sept/ 31st Dec | 30 days | 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 |
| 16. | Annual Returns By RNBCs | NBS1A | Annual | 31st March | 6 months | 30th Sept | Details of Assets And Liabilities | RNBCs |
| 17. | Quarterly Return on Statutory Liquid Assets as per Section 45 IB of the Act of By RNBCs | NBS3A | Quarterly | 31st March/ 30th June/ 30th Sept/ 31st Dec | 15 days | 15th April/ 15th July/ 15th Oct/ 15th Jan | Statutory Liquid Assets | RNBCs |
| Note: NBFCs-D -> Deposit taking Non-Banking Financial Companies (NBFCs); RNBC-> Residuary Non-Banking Company; 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) SC/RC -> Securitisation Companies/ Reconstruction Companies | ||||||||
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