RBI's own words: “in supersession of our circulars RPCD.No.Plan.BC. 21/04.09.01/2007-08 dated September 3, 2007” — RBI/2012-13/364
Source: Reserve Bank of India · RBI/2007-2008/129 · issued 03 Sep 2007 · ~2 min read
Quick answerRBI has revised the half-yearly and yearly return formats for priority sector advances data. Scheduled commercial banks must use these new formats starting from the half-year ending September 2007 (last reporting Friday), with data due within 15 days for half-yearly and two months for yearly returns from the reference date.
The rule, in the simplest words
Banks must use new forms (called 'revised formats') to report their loans to farmers, small businesses, and other priority groups starting from the half-year that ends in September 2007.
Half-yearly reports (for March and September) must be sent within 15 days after the last reporting Friday of that month.
Yearly reports (for March only) must be sent within 2 months after the last reporting Friday of March.
The new forms match the updated rules for priority sector lending that started in April 2007.
How it plays out — a real example
An agri & priority-sector lending officer in Indore, Priya, is preparing the half-yearly report for September 2007. She checks the new form from RBI and makes sure her team enters all loan data correctly, then submits it to the RBI within 15 days after the last Friday of September, so her bank avoids any penalties.
What changed
RBI issued revised formats for half-yearly and yearly returns on priority sector advances, replacing the previous formats. The new formats align with the updated priority sector lending guidelines from April 2007. Banks must now submit data using these revised formats effective from the half-year ended September 2007 (last reporting Friday).
What it means for you
Banks need to update their internal reporting systems to capture priority sector data in the new formats, ensuring compliance with the revised guidelines. The tighter deadlines—15 days for half-yearly and two months for yearly—require efficient data aggregation and submission processes. Non-compliance could lead to regulatory scrutiny or penalties.
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
Obtain the revised half-yearly and yearly return formats from the RBI circular and update your reporting templates.
Train your priority sector and compliance teams on the new data fields and submission timelines.
Ensure data for the half-year ending September 2007 is compiled and submitted within 15 days of the last reporting Friday.
Review your priority sector lending portfolio to align with the April 2007 revised guidelines before filing returns.
Who it affects
All scheduled commercial banks (excluding Regional Rural Banks), Priority sector lending departments, Compliance and reporting teams, RBI's Rural Planning and Credit Department
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What is the deadline for submitting the half-yearly priority sector return?
The half-yearly return must be submitted within 15 days from the last reporting Friday of March and September.
Do these revised formats apply to Regional Rural Banks?
No, the circular explicitly excludes Regional Rural Banks from these revised reporting requirements.
When do the new formats become effective?
The revised formats are effective from the half-year ended September 2007, meaning the first submission under the new format is due after the last reporting Friday of September 2007.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
RBI’s words: “in supersession of our circulars RPCD.No.Plan.BC. 21/04.09.01/2007-08 dated September 3, 2007”
📜 Read the original circular — full text as issued by RBI
RBI/2007-2008/129
RPCD.No.Plan.BC. 21 / 04.09.01/
2007-08
September 3, 2007
The Chairman/ Managing
Director/
Chief Executive Officer
[All
scheduled commercial banks
(excluding Regional Rural Banks)]
Dear
Sir,
Revised Guidelines on Lending to Priority
Sector – Revised formats of half-yearly and yearly returns for reporting
data on priority sector advances
Please refer to our circular
RPCD. No. Plan. CO. 84/04.09.01/2006-07 dated April 30, 2007 advising the revised
guidelines on lending to priority sector.
2. The scheduled commercial banks
are required to furnish data on priority sector advances to Rural Planning and
Credit Department, Central Office, on a half-yearly (adhoc) basis as on last reporting
Fridays of March and September of a particular year (within fifteen days from
the reference date), as also on a yearly basis (final data) as on the last reporting
Friday of March of a particular year (within two months from the reference date).
On the basis of the revised guidelines on lending to priority sector, the existing
formats for the above returns stand revised. Accordingly, the revised formats
of half-yearly and yearly returns for reporting data on priority sector advances
are enclosed.
3. The banks are, therefore, requested to furnish data on
priority sector advances, as mentioned above, in the revised formats with effect
from the half-year
ended September 2007 (last reporting Friday).
4. Please acknowledge
receipt.
Yours faithfully,
(Surekha
Marandi)
General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2007-2008/129 · issued 03 Sep 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=3800&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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