What changed
The format of Special Return III, which captures disbursal of advances to priority sectors, has been revised. Formats for Special Returns I and II remain unchanged. Banks must now use the new format for reporting data as on the last reporting Friday of June 2008 and onwards.
What it means for you
Banks need to update their internal reporting systems to align with the revised Special Return III format. This ensures RBI receives consistent and accurate data on priority sector lending disbursements, which is critical for monitoring compliance with priority sector lending targets.
What you must do
- Obtain the revised format for Special Return III from the enclosed circular.
- Update internal data collection and reporting processes to capture priority sector disbursal data in the new format.
- Ensure data for the last reporting Friday of June 2008 is submitted within two months of the reference date.
- Acknowledge receipt of this circular to the RBI.
Who it affects
All scheduled commercial banks (excluding Regional Rural Banks), Priority sector lending monitoring teams, Bank compliance and reporting departments
What is the deadline for submitting the revised Special Return III?
Data must be submitted within two months from the reference date, which is the last reporting Friday of June each year, starting with June 2008.
Are there any changes to Special Returns I and II?
No, the formats for Special Returns I and II remain unchanged as per the circular.