What changed
RBI replaced old ACP target and achievement statements with three new formats: LBS-MIS-I (targets), LBS-MIS-II (disbursement/outstanding), and LBS-MIS-III (achievement vs target). Sub-sector classification now includes Agriculture & allied, MSE, Education, Housing, and others under priority sector, plus Medium/Large industries under non-priority. For FIPs, banks must prepare 3-year plans (2013-16) and report quarterly progress via LBS-MIS-IV and LBS-MIS-V. Data must be segregated by bank group (Public, Private, RRBs, Cooperatives) for consistency.
What it means for you
Banks and SLBCs must align their internal MIS to capture granular sub-sector credit data, enabling meaningful review of credit flow at DCC/SLBC meetings. The new formats will improve monitoring of priority sector lending and financial inclusion targets. Lenders need to ensure timely, accurate data submission to avoid discrepancies between state-level and all-India figures.
What you must do
- Adopt new LBS-MIS-I, II, III formats for ACP from FY 2013-14; submit consolidated state targets to RBI regional office by end-April 2013.
- Prepare 3-year Financial Inclusion Plans (2013-16) and compile state-wise data in LBS-MIS-IV; submit quarterly progress in LBS-MIS-V within 15 days of quarter-end.
- Segregate data by bank group (Public, Private, RRBs, Cooperatives) in all reports to ensure consistency with all-India data.
- Ensure controlling offices submit FIP data to both SLBCs and RBI Regional Offices on time; verify data integrity across sources.
Who it affects
SLBC Convenor Banks, Lead Banks, All Scheduled Commercial Banks (Public, Private, RRBs), State Cooperative Banks & DCCBs, RBI Regional Offices
What are the new ACP reporting formats and their deadlines?
Three new formats: LBS-MIS-I (targets), LBS-MIS-II (disbursement/outstanding), LBS-MIS-III (achievement vs target). Consolidated state targets must be submitted to RBI regional office by end-April 2013. Quarterly progress reports are due within 15 days of each quarter-end.
How should FIP data be reported under the new system?
Banks must prepare 3-year FIPs (2013-16) and submit state-wise data in LBS-MIS-IV. Quarterly progress is reported in LBS-MIS-V within 15 days of quarter-end, starting from June 2013 quarter. Data must be segregated by bank group.
Why is data segregation by bank group important?
Segregating data into Public Sector, Private Sector, RRBs, and Cooperatives ensures consistency with all-India scheduled commercial bank data, enabling meaningful review and analysis at DCC/SLBC meetings.