What changed
RBI announced interim recommendations of RRA 2.0 to convert six paper/email-based returns (e.g., subordinated debt report, dividend details, DEA Fund Form II, reconciliation certificate, annual audit certificate, fit-and-proper certificate) to online filing. Separately, two returns—Leverage Ratio reporting (for SCBs excluding LABs and RRBs) and Table 34 (for StCBs/DCCBs)—are discontinued for submission to DoR and Regional Offices respectively, though reporting to other departments continues.
What it means for you
Banks must prepare to shift these returns to an online platform once RBI notifies the go-live date; until then, existing submission methods remain valid. The discontinuation of Leverage Ratio reporting to DoR and Table 34 to Regional Offices reduces duplication, but banks must ensure they still report to DoS (Leverage Ratio) and DSIM via CISBI (Table 34). This is part of RBI's broader push to streamline regulatory compliance and reduce manual submissions.
What you must do
- Identify the six returns in Annex 1 currently submitted on paper/email and plan for their migration to online filing when RBI announces the date.
- Stop submitting Leverage Ratio to DoR from quarter ended March 2022; continue reporting to DoS as before.
- Stop submitting Table 34 to Regional Offices from year ended March 2022; continue reporting to DSIM via CISBI portal.
- Monitor RBI notifications for the exact go-live date of online filing for Annex 1 returns.
Who it affects
All Scheduled Commercial Banks (excluding LABs and RRBs for Leverage Ratio; excluding LABs and RRBs for some Annex 1 returns), All Regional Rural Banks (for Annex 1 returns where applicable), All Payments Banks (for Annex 1 returns where applicable), All Small Finance Banks (for Annex 1 returns where applicable), All Local Area Banks (for Annex 1 returns where applicable), All Primary Urban Cooperative Banks (for Annex 1 returns where applicable), All State Cooperative Banks (for Annex 1 returns and Table 34), All District Central Cooperative Banks (for Annex 1 returns and Table 34)
When will the online filing for Annex 1 returns start?
RBI has not yet announced the exact date; it will be notified in due course. Until then, continue submitting returns as currently done.
Do we need to stop reporting Leverage Ratio entirely?
No. You must stop reporting it to DoR from quarter ended March 2022, but continue reporting to the Department of Supervision (DoS) as before.
Which returns are discontinued for submission to DoR?
Two returns: Leverage Ratio reporting (for SCBs excluding LABs and RRBs) and Table 34 (for StCBs/DCCBs). Both are redirected to other departments.