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Revised Microfinance Reporting Format for Banks

Current · Source: Reserve Bank of India · RBI/2006-2007/441 · issued 20 Jun 2007 · ~2 min read
Quick answerRBI has revised the half-yearly microfinance progress report format for scheduled commercial banks (excluding RRBs). Banks must now submit reports only to NABARD's Micro Credit Innovations Department within 30 days of each half-year ending September 30 and March 31.
The rule, in the simplest words
How it plays out — a real example

A credit & lending officer in Indore, Priya, updates her bank's microfinance data system to match the new format. She trains her team to collect extra details on self-help groups and microfinance companies, then submits the half-yearly report to NABARD's Micro Credit Innovations Department within 30 days of March 31, ensuring all loan recovery numbers are correct.

What changed

The reporting format for microfinance progress reports has been revised to capture additional information. Banks must now submit these reports exclusively to NABARD's Micro Credit Innovations Department, not to RBI. The submission timeline remains half-yearly, within 30 days of the half-year end.

What it means for you

Banks need to update their internal reporting systems to align with the new format, which includes more granular data on SHG-Bank Linkage and MFI-Bank Linkage programs. The shift to NABARD-only submission streamlines regulatory reporting but requires banks to ensure timely and accurate data delivery to NABARD. This change may increase operational focus on microfinance data quality and compliance.

What you must do

Who it affects

All scheduled commercial banks (excluding RRBs) engaged in microfinance, Banks' microfinance or financial inclusion departments, NABARD's Micro Credit Innovations Department

❓ Common questions

What is the new submission deadline for microfinance reports?

Reports must be submitted within 30 days of the half-year end, i.e., by October 30 for September data and by April 30 for March data.

Do we still need to send reports to RBI?

No, the circular specifies that reports should now be sent only to NABARD's Micro Credit Innovations Department, not to RBI.

What additional information does the revised format capture?

The format now includes separate reporting for SHG model and non-SHG model under MFI financing, and requires gross NPA data for March returns only.

📜 Read the original circular — full text as issued by RBI
RBI/2006-2007/441 RPCD.CO.MFFI.BC.No. 103 /12.01.01/2006-07 June 20, 2007 The Chairman/Managing Director Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) Dear Sir, Microfinance - Submission of progress reports In terms of our circular RPCD.No.PL.62/04.09.01/99-2000 dated February 18, 2000 and paragraph 2(i) of Master Circular on Micro Credit RPCD.No.Plan. BC.05/04.09.22/2006-07 dated July 3, 2006 , banks have been submitting progress reports under microfinance to Reserve Bank and NABARD on a half-yearly basis in the format specified for the purpose. 2.  With a view to capture certain additional information, it has been decided to revise the reporting format. A copy of the revised format is enclosed. Henceforth, the progress under microfinance may be reported in the enclosed format ( only to NABARD Micro Credit Innovations Department) on a half-yearly basis, as on 30 September and 31 March each year, so as to reach them within 30 days of the half-year to which the report relates. 3. Please acknowledge receipt. Yours faithfully (N.K.Bhatia) Deputy General Manager Micro Finance Progress Report
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2006-2007/441 · issued 20 Jun 2007. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
💰 Credit
  • Verify that your bank's reporting covers all required segments: SHG-Bank Linkage and MFI-Bank Linkage, including NPA and recovery data.
📜 Compliance
  • Obtain the revised reporting format from the RBI circular and update your internal microfinance data collection templates.
  • Train relevant staff on the new format, especially the additional fields like SHG model vs non-SHG model for MFIs.
  • Ensure half-yearly reports (as of September 30 and March 31) are submitted to NABARD's Micro Credit Innovations Department within 30 days.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (All scheduled commercial banks (excluding RRBs) engaged in microfinance, Banks' microfinance or financial inclusion departments, NABARD's Micro Credit Innovations Department), your first concrete step on “Revised Microfinance Reporting Format for Banks” is: “Obtain the revised reporting format from the RBI circular and update your internal microfinance data collection templates.” (RBI issued this 20 Jun 2007).

  1. Circular: RBI/2006-2007/441 -- Revised Microfinance Reporting Format for Banks
  2. Issued: 20 Jun 2007
  3. Action required: Obtain the revised reporting format from the RBI circular and update your internal microfinance data collection templates.
  4. Action required: Train relevant staff on the new format, especially the additional fields like SHG model vs non-SHG model for MFIs.
  5. Action required: Ensure half-yearly reports (as of September 30 and March 31) are submitted to NABARD's Micro Credit Innovations Department within 30 days.
  6. Action required: Verify that your bank's reporting covers all required segments: SHG-Bank Linkage and MFI-Bank Linkage, including NPA and recovery data.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

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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=3600&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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