What changed
RBI increased the supervisory reporting frequency of the Structural Liquidity statement from monthly to fortnightly, effective April 1, 2008. Banks must now report positions as on the first and third Wednesday of each month, with submission due within seven days.
What it means for you
Banks need to upgrade their MIS to generate daily structural liquidity data and submit fortnightly reports to RBI. This tighter frequency demands stronger internal systems for dynamic liquidity management and closer monitoring of maturity mismatches.
What you must do
- Ensure your MIS can produce the Statement of Structural Liquidity on a daily basis as advised earlier.
- Set up processes to submit the statement fortnightly (as on first and third Wednesday) to RBI's OSMOS Division.
- Adhere to the 7-day submission deadline from each reporting date.
- Review and fine-tune your liquidity risk measurement framework to align with the granular approach.
Who it affects
All commercial banks (excluding RRBs), Treasury and ALM teams, Risk management and compliance departments
What is the new reporting frequency for the Structural Liquidity statement?
From April 1, 2008, banks must report fortnightly—as on the first and third Wednesday of each month—instead of the earlier monthly frequency.
Where and by when should the statement be submitted?
Submit to RBI's Department of Banking Supervision, OSMOS Division, within seven days from the reporting date (the Wednesday).
Does this change affect the earlier requirement for daily liquidity management?
No. Banks were already advised to prepare the statement daily for internal use; this circular only increases the supervisory reporting frequency to fortnightly.