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ICAAP Submission Deadline Shifted to Q1

No longer current — withdrawn, no replacement on file yet

Source: Reserve Bank of India · RBI/2009-10/118 · issued 12 Aug 2009 · ~1 min read

Quick answerRBI has moved the annual ICAAP document submission deadline from March-end to the end of the first quarter (April-June) of the financial year, giving banks more time to finalize their internal capital adequacy assessments.

What changed

Previously, banks were required to submit their ICAAP document to RBI's Department of Banking Supervision by the end of March each year. The new circular extends this deadline to the end of the first quarter (April-June) of the relevant financial year.

What it means for you

Banks now have an additional quarter to prepare and finalize their ICAAP documents, aligning the submission with the start of the financial year. This change reduces the year-end rush and allows for more thorough capital planning and review processes.

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

Update internal compliance calendars to reflect the new ICAAP submission deadline of end-June each year.
Ensure ICAAP documents are reviewed and approved by the board or relevant committee before the new deadline.
Communicate the revised timeline to all departments involved in capital adequacy assessment and reporting.

Who it affects

All commercial banks (excluding Local Area Banks and Regional Rural Banks), Risk management and compliance teams, Board of directors and senior management

❓ Common questions

Regulatory timeline

Decoded by BankPulse 2026-06-19 09:04 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn 03 Aug 2026, 04:00 IST

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What is the new deadline for ICAAP submission?

Banks must submit their ICAAP document to RBI by the end of the first quarter (April-June) of the financial year, instead of the earlier March-end deadline.

Does this change apply to all banks?

Yes, it applies to all commercial banks covered under the New Capital Adequacy Framework, excluding Local Area Banks and Regional Rural Banks.

Where should the ICAAP document be submitted?

The document should be sent to the Chief General Manager-in-Charge, Department of Banking Supervision, RBI, at the World Trade Centre, Mumbai.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)

Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)

RBI’s words: “Official withdrawal register entry #1841: DBOD.No.BP.BC.29/21.06.001/2009-10 — "Prudential Guidelines on Capital Adequacy and Market Discipline - Implementation of the New Capital Adequacy Framework (”

📜 Read the original circular — full text as issued by RBI

RBI/2009-10/118
 DBOD.No.BP.BC. 29 / 21.06.001 / 2009-10 
 August 12,  2009
 All Commercial Banks
(excluding Local Area Banks and Regional Rural Banks) 
 Dear Sir,  
 Prudential Guidelines on Capital Adequacy and Market Discipline – 
 Implementation of the New Capital Adequacy Framework (NCAF ) 
 Please refer to our Master Circular DBOD.No.BP.BC.21 / 21.06.001 / 2009-10 dated July 1, 2009 on the captioned subject.

 2.  In terms of instructions contained vide paragraph 10.7 and 11.3.4  therein,  banks have been advised to furnish a copy of the ‘Internal Capital Adequacy Assessment Process’ (ICAAP) document  to the Chief General Manager-in-Charge,  Department of Banking Supervision, Reserve Bank of India, World Trade Centre, Centre - 1, Colaba, Cuffe Parade, Mumbai – 400005 by the end of March every year.  
 3. On a review, it has been decided that banks may submit their ICAAP document latest by the end of first quarter (i.e April – June) of the relevant financial year.

 Yours faithfully,
 (B Mahapatra) 
 Chief General Manager

Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2009-10/118 · issued 12 Aug 2009. The plain-English explanation above is BankPulse’s own independent summary.

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BankPulse Compliance Evidence Pack — generated 03 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=5211&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.