What changed
RBI circular dated August 26, 2005 introduces a revised reporting format for quarterly data on credit flow to the SME sector, replacing the earlier SSI-focused format. Banks must now provide separate break-up for tiny, small, and medium enterprises, as advised in circular dated August 19, 2005. Data for quarters ending March and June 2005 also need to be submitted retrospectively.
What it means for you
Public sector banks must enhance their data granularity for SME lending, distinguishing between tiny, small, and medium enterprises. This will enable better monitoring by the Secretary (SSI & ARI), Government of India and may influence policy decisions. Banks need to ensure their systems capture and report these sub-segments accurately.
What you must do
- Compile and submit quarterly data on SME credit flow in the prescribed format for quarter ending September 2005.
- Arrange to forward data for quarters ending March and June 2005 in due course.
- Ensure internal systems capture separate break-up for tiny, small, and medium enterprises as per the revised format.
Who it affects
Public sector banks, SME lending departments, Data reporting and compliance teams
What is the key change in the new reporting format?
The format now requires separate break-up for tiny, small, and medium enterprises, instead of only SSI data, as per circular dated August 19, 2005, referenced in the August 26, 2005 circular.
Which quarters need to be reported retrospectively?
Data for quarters ending March 2005 and June 2005 must also be submitted in due course, along with the current quarter ending September 2005.
Who is the reporting authority for this data?
The data is submitted to RBI for review by the Secretary (SSI & ARI), Government of India.