Process & filing of periodic returns by NBFCs:
They are required to submit periodic returns to RBI. The periodicity and type of these returns is based on the asset size of the companies as well as their business. This table deals with the periodic returns required to be filed by NBFCs.
I. NBFCs accepting or holding public deposits
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Name of return
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Details of the return
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Frequency and due dates
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Purpose
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NBS-1 Return/DNBS-01
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Return on Financial Indicators by NBFC accepting or holding deposit to be filed within 15 days of closure of the quarter
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Quarterly basis, 15th April, 15th July, 15th October, 15th January
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To capture financial details, viz. components of Assets and Liabilities, Profit and Loss Account, Exposure to sensitive sectors etc.
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NBS-2 Return/DNBS-03
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Return on Prudential norms to be filed by deposit taking NBFC within 15 days of the closure of the quarter
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Quarterly basis, 15th April, 15th July, 15th October, 15th January
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To capture compliance with various prudential norms e.g. Capital Adequacy, Asset Classification, Provisioning, NOF etc.
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NBS-3 Return/DNBS-03
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Return on Liquid assets to be filed by deposit taking NBFC within 15 days of the closure of the quarter
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Quarterly basis, 15th April, 15th July, 15th October, 15th January
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To capture details of Statutory Investments in Liquid Assets (Central/ State Government Securities, Fixed Deposits in Scheduled Commercial Bank etc)
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Statutory Auditors Certificate (SAC)
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Annually, One month from the date of finalization of Balance Sheet but not later than 31st December
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Certificate in the prescribed format from its Statutory Auditor every year to the effect that it is engaged in the business of non-banking financial institution requiring it to hold a Certificate of Registration- To ensure continued regulatory compliance.
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Branch Information Return
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Quarterly basis, 15th April, 15th July, 15th October, 15th January
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To capture the reach and geographical spread of NBFC’s
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Reporting to Central Repository of Information on Large Credits (CRILC) return (credit information on all the borrowers having aggregate fund-based and non-fund based exposure of Rs 5 crore and above)
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Quarterly basis, 21st April, 21st July, 21st October, 21st January
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To facilitate early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders
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Report of SMA-2 Accounts (Special Mention Accounts where Principal or interest payment overdue between 61-180 days)
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Friday of the week when the relevant account first came in SMA-2 category/ preceeding day when the Friday is a holiday.
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II. Submission of additional returns by NBFCs accepting/ holding Public Deposits with asset base of Rs 100 Crore & more, or holding public deposits of Rs 20 crore or more
NBFCs accepting/ holding Public Deposits with asset base of Rs 100 Crore & more, or holding public deposits of Rs 20 crore or more (irrespective of their asset size), as per their latest audited balance sheet as of 31st March.
In addition to the returns mentioned under Category – I, the following additional returns are required to be submitted.
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Details of the return
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Frequency and due dates
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Purpose
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Asset-Liability Management (ALM) Return NBFC-D
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Half yearly basis, 30th April, 30th October
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To address concerns regarding Asset Liability mismatches and interest rate risk exposures, an ALM System was introduced for the deposit taking NBFCs as part of their overall system for effective risk management.
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III. NBFC-ND-SI (NBFCs which are non-deposit taking and systematically important i.e having total assets of Rs 500 crores or more as per the last audited balance sheet)
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Name of return
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Details of the return
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Frequency and due dates
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Purpose
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NBFC-ND-SI 500 cr return
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Quarterly basis, 15th April, 15th July, 15th October, 15th January
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To capture financial details, viz. components of Assets and Liabilities, Profit and Loss Account, Exposure to sensitive sectors, sectoral deployment of credit etc.
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NBS-7 Return/DNBS-03
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Return on Prudential norms to be filed by Non deposit taking systematically important NBFC within 15 days of the closure of the quarter
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Quarterly basis, 15th April, 15th July, 15th October, 15th January
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To capture compliance with various prudential norms e.g. Capital Adequacy, Asset Classification, Provisioning, Net Owned Funds etc.
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Statement of short term dynamic liquidity (NBS-ALM1)
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Quarterly basis, 15th April, 15th July, 15th October, 15th January
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To address concerns regarding Asset Liability mismatches and interest rate risk, an ALM System was introduced for the NBFC-ND-SI as part of their overall system for effective risk management
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Statement of structural liquidity (NBS-ALM2)
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Half yearly basis, 30th April, 30th October
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To address concerns regarding Asset Liability mismatches and interest rate risk, an ALM System was introduced for the NBFC-ND-SI as part of their overall system for effective risk management
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Statement of Interest Rate Sensitivity (NBS-ALM3)
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Half yearly basis, 30th April, 30th October
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To address concerns regarding Asset Liability mismatches and interest rate risk, an ALM System was introduced for the NBFC-ND-SI as part of their overall system for effective risk management
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Statement on Assets Liability Mismatch (ALM-YRLY)
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Annually, 15th April
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To address concerns regarding Asset Liability mismatches and interest rate risk, an ALM System was introduced for the NBFC-ND-SI as part of their overall system for effective risk management
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Statutory Auditors Certificate (SAC)
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Annually, One month from the date of finalization of Balance Sheet but not later than 31st December
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Certificate in the prescribed format from its Statutory Auditor every year to the effect that it is engaged in the business of non-banking financial institution requiring it to hold a Certificate of Registration- To ensure continued regulatory compliance.
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Branch Information Return
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Quarterly basis, 15th April, 15th July, 15th October, 15th January
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To capture the reach and geographical spread of NBFC’s
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Reporting to Central Repository of Information on Large Credits (CRILC) return (credit information on all the borrowers having aggregate fund-based and non-fund based exposure of Rs 5 crore and above)
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Quarterly basis, 21st April, 21st July, 21st October, 21st January
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To facilitate early Recognition of Financial Distress, Prompt Steps for Resolution and Fair Recovery for Lenders
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Report of SMA-2 Accounts ( Special Mention Accounts where Principal or interest payment overdue between 61-180 days)
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Friday of the week when the relevant account first came in SMA-2 category/ preceeding day when the Friday is a holiday.
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IV. Non-deposit taking NBFCs with asset size between Rs 100 crores and Rs 500 crores
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Name of the Return
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Details of the return
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Frequency and due dates
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Purpose
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NBS-8 Return/DNBS-02
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Every Non-Deposit taking NBFC having asset size of INR 100 Cr-500 Cr. It is required to file this return every year within 60 days of closure of financial year
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Annually, 30th May
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To capture financial details, viz. components of Assets and Liabilities, Profit and Loss Account, Exposure to sensitive sectors, Branch Information etc.
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Statutory Auditors Certificate (SAC)
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Annually, One month from the date of finalization of Balance Sheet but not later than 31st December
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Certificate in the prescribed format from its Statutory Auditor every year to the effect that it is engaged in the business of non-banking financial institution requiring it to hold a Certificate of Registration- To ensure continued regulatory compliance.
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V. Non-deposit taking NBFCs with asset size below Rs 100 crores
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Name of the Return
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Details of the return
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Frequency and due dates
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Purpose
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NBS-9 Return/DNBS-02
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Every Non-Deposit taking NBFC having asset size upto INR 100 Crore . It is required to file this return every year within 60 days of closure of financial year
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Annually, 30th May
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To capture financial details, viz. components of Assets and Liabilities, Profit and Loss Account, Exposure to sensitive sectors, Branch Information etc.
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Statutory Auditors Certificate (SAC)
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Annually, One month from the date of finalization of Balance Sheet but not later than 31st December
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Certificate in the prescribed format from its Statutory Auditor every year to the effect that it is engaged in the business of non-banking financial institution requiring it to hold a Certificate of Registration- To ensure continued regulatory compliance.
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VI. Residuary NBFCs
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Details of the return
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Frequency and due dates
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Purpose
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NBS1A
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Annually, 30th September
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To capture financial details, viz. components of Assets and Liabilities, Profit and Loss Account, Exposure to sensitive sectors, Statutory Investments in Liquid Assets etc.
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NBS3A
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Quarterly basis, 15th April, 15th July, 15th October, 15th January
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To capture financial details, viz. components of Assets and Liabilities, Profit and Loss Account, Exposure to sensitive sectors, Statutory Investments in Liquid Assets etc.
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Statutory Auditors Certificate (SAC)
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Annually, One month from the date of finalization of Balance Sheet but not later than 31st December
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Certificate in the prescribed format from its Statutory Auditor every year to the effect that it is engaged in the business of non-banking financial institution requiring it to hold a Certificate of Registration- To ensure continued regulatory compliance.
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VII. NBFCs having Foreign Direct Investment
In addition to the returns mentioned under above categories, the following additional returns are required to be submitted.
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Details of the return
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Frequency and due dates
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Purpose
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Certificate from Statutory Auditor on compliance with FDI norms
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Half yearly basis, 30th April, 30th October
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To capture compliance with the stipulated minimum capitalization norms and that its activities are restricted to the activities prescribed under FEMA.
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VIII. NBFCs having overseas investment
In addition to the returns mentioned under above categories, the following additional returns are required to be submitted
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Details of the return
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Frequency and due dates
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Purpose
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Quarterly Return to be submitted by NBFCs having overseas Investment
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Quarterly basis, 15th April, 15th July, 15th October, 15th January
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To capture details on overseas investment by NBFCs.
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Certificate from Statutory Auditor on compliance with the conditions of Master Direction
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Annually
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To capture details on overseas investment by NBFCs.
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IX. Asset Reconstruction Companies
In addition to the returns mentioned under above categories, the following additional returns are required to be submitted.
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Details of the return
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Frequency and due dates
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Purpose
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ARC Return
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Quarterly basis, 15th April, 15th July, 15th October, 15th January
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To capture financial parameters and various operational details e.g assets (NPA) acquired, acquisition cost, their recovery status etc.
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X. NBFCs participating in interest rate futures transaction
In addition to the returns mentioned under above categories, the following additional returns are required to be submitted.
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Details of the return
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Frequency and due dates
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Purpose
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Interest rate futures transactions for the purpose of hedging by NBFCs
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Half yearly basis, 31st October, 30th April,
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To know the extent of participation of NBFCs in Interest rate Future market
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Compliance Calendar ®