RBI's own words: “A Master Circular giving gist of circulars/notifications issued up to June 30, 2008” — RBI/2008-2009/13
Source: Reserve Bank of India · RBI/2006-2007/346 · issued 25 Apr 2007 · ~1 min read
Quick answerRBI mandates all registered Securitisation Companies/Reconstruction Companies to submit quarterly statements (SCRC 1 & SCRC 2) within 15 days of quarter-end, starting with the quarter ending March 31, 2007.
The rule, in the simplest words
All registered Securitisation Companies (SCs) and Reconstruction Companies (RCs) must submit quarterly statements (SCRC 1 & SCRC 2) to RBI within 15 days of quarter-end.
The first submission is due for the quarter ending March 31, 2007, and must be sent to RBI's Department of Non-Banking Supervision, Central Office, Mumbai.
SCs/RCs must maintain accurate records of asset book values, acquisition costs, security receipts issued/redeemed, and bank-wise details as per formats.
How it plays out — a real example
Rahul, a branch operations officer in Indore, ensures that his company submits the quarterly statements (SCRC 1 & SCRC 2) to RBI within 15 days of the quarter-end, as per the prescribed formats. Rahul reviews the company's asset acquisition, securitisation, and reconstruction details, and ensures that the records are accurate and up-to-date. He then submits the quarterly statements to RBI, meeting the deadline and maintaining transparency in the company's operations.
What changed
RBI, under Section 12A of the SARFAESI Act, prescribed two new quarterly reporting formats (SCRC 1 and SCRC 2) for all registered SCs/RCs. The first submission is due for the quarter ending March 31, 2007, and must be sent to the Department of Non-Banking Supervision, Central Office, Mumbai within 15 days of quarter close.
What it means for you
SCs/RCs now have a standardized, recurring reporting obligation to RBI, enhancing transparency on asset acquisition, securitisation, reconstruction, and security receipt details. This allows RBI to monitor the sector's health and compliance more closely, impacting operational timelines and data management for these entities.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Prepare and submit SCRC 1 and SCRC 2 quarterly within 15 days of quarter-end to RBI's Department of Non-Banking Supervision, Central Office, Mumbai.
Ensure first submission covers the quarter ending March 31, 2007.
Maintain accurate records of asset book values, acquisition costs, security receipts issued/redeemed, and bank-wise details as per formats.
Who it affects
All registered Securitisation Companies (SCs), All registered Reconstruction Companies (RCs)
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What are the key fields in SCRC 1?
SCRC 1 captures book value of assets acquired, cost of acquisition (split by bonds/debentures and cash), assets transferred to trust, security receipts issued and subscribed (by selling banks, FIIs, QIBs, SC/RC), and amounts redeemed (fully/partially).
Where should the quarterly statement be sent?
The statement must be sent to the Department of Non-Banking Supervision, Central Office, Reserve Bank of India, 2nd floor, 'B' Wing, World Trade Centre, Centre I, Cuffe Parade, Colaba, Mumbai 400005.
What is the deadline for the first submission?
The first quarterly statement is due for the quarter ending March 31, 2007, and must be submitted within 15 days of that quarter's close.
📜 This document’s life story (3 recorded events, each backed by RBI’s own words)
RBI’s words: “Please refer to our Circular DNBS (PD) CC. No. 5/SCRC/10.30.000/2006-2007 dated April 25, 2007”
📜 Read the original circular — full text as issued by RBI
RBI/2006-2007/346
DNBS (PD) CC. No. 5 / SCRC
/ 10.30.000/ 2006-2007
April 25, 2007
All registered Securitisation Companies/Reconstruction Companies
Quarterly Statement to be submitted by Securitisation
Companies/Reconstruction Companies registered with the Reserve Bank of India
under Section 3(4) of the SARFAESI Act
The Reserve Bank of India
in exercise of the powers conferred on it under Section 12 A of the Securitisation
and Reconstruction of Financial Assets and Enforcement of Security Interest Act,
2002 (SARFAESI Act) hereby prescribes quarterly statement in the formats enclosed
viz. SCRC 1 & SCRC 2 , to be submitted
by Securitisation Companies/Reconstruction Companies registered with the Bank.
The statements should be submitted within 15 days of the close of the quarter
to which it pertains, to the Department of Non-Banking Supervision, Central Office,
Reserve Bank of India, 2 nd floor, "B" Wing, World Trade Centre,
Centre I, Cuffe Parade, Colaba, Mumbai 400005. The first such statement should
be forwarded for the quarter ending March 31, 2007.
Kindly
acknowledge receipt.
Yours faithfully,
(P.Krishnamurthy)
Chief
General Manager-in-Charge
SCRC
1
Quarterly Statement on Asset acquired, securitized and reconstructed
Name
of the SC/RC:
Amount
in Rs. in lakh
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2006-2007/346 · issued 25 Apr 2007. The plain-English explanation above is BankPulse’s own independent summary.
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BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=3450&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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