Home › Circulars › RBI/2023-24/68

Reverse Repo Reporting in Form A: RBI Clarifies Classification

Current · Source: Reserve Bank of India · RBI/2023-24/68 · issued 16 Oct 2023 · ~2 min read

Quick answerRBI has standardized how banks report reverse repo transactions in Form A Return. Short-tenor reverse repos (≤14 days) with banks go under 'Money at call and short notice'; longer ones under 'Advances to banks'. All reverse repos with non-banks go under 'Bank Credit'.

The rule, in the simplest words

If your bank lends money to another bank for 14 days or less using a reverse repo (a short-term loan with a promise to sell back securities), report it under 'Money at call and short notice' (a category for very short loans).
If your bank lends money to another bank for more than 14 days using a reverse repo, report it under 'Advances to banks' (a category for longer loans to other banks).
If your bank lends money to a non-bank (like a company or mutual fund) using a reverse repo, always report it under 'Bank Credit' (a category for loans to customers), no matter how long the loan lasts.

How it plays out — a real example

A credit & lending officer in Indore processes a reverse repo transaction where her bank lends ₹5 crore to a non-bank financial company for 7 days. She must report this under 'Bank Credit' in Form A, not under inter-bank assets, because the counterparty is a non-bank, regardless of the short tenor.

What changed

RBI issued a clarification to ensure uniform reporting of reverse repo transactions in Form A Return. For reverse repos with banks, original tenors up to 14 days must be reported under Item III(b) and Memo 2.1; tenors over 14 days under Item III(c) and Memos 2.1 and 2.2. Reverse repos with non-banks, regardless of tenor, go under Item VI(a).

What it means for you

Banks must now consistently classify reverse repo transactions in their statutory returns, reducing ambiguity and ensuring comparability across institutions. This impacts how inter-bank assets and bank credit are reported, which could affect liquidity and CRR/SLR calculations. Lenders need to update their reporting systems to align with these categories.

What you must do

Review your current Form A reporting for reverse repo transactions and reclassify as per the new guidelines.
Update internal reporting templates and systems to separate reverse repos by counterparty (bank vs non-bank) and tenor (≤14 days vs >14 days).
Train treasury and compliance teams on the revised classification to ensure accurate submissions.
Audit past returns for consistency and prepare for potential RBI scrutiny on reporting uniformity.

Who it affects

Commercial banks reporting Form A Return, Treasury departments handling reverse repo transactions, Compliance and regulatory reporting teams

❓ Common questions

Regulatory timeline

Decoded by BankPulse 2026-06-18 04:18 IST
partially_modified_by — Revised Reporting of Reverse Repo with Non-Banks in Form A

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

What is the key change in reporting reverse repos with banks?

Reverse repos with banks must now be split by original tenor: up to 14 days under 'Money at call and short notice' (Item III(b)), and over 14 days under 'Advances to banks' (Item III(c)).

How should reverse repos with non-banks be reported?

All reverse repos with non-banks, regardless of tenor, should be reported under Item VI(a) as part of 'Bank Credit' (Loans, cash credits, and overdrafts).

Does this circular affect CRR or SLR calculations?

The circular focuses on reporting classification in Form A, which is used for CRR/SLR compliance. Correct classification ensures accurate asset reporting, which indirectly impacts these calculations.

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

Partially modified by Revised Reporting of Reverse Repo with Non-Banks in Form A

RBI’s words: “revise the instructions contained in Para B of the above circular”

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

RBI/2023-24/68
 DoR.RET.REC.43/12.01.001/2023-24
 October 16, 2023
 The Chairperson / CEOs of all Commercial Banks
 Madam / Dear Sir,
 Reverse Repo transactions - Reporting in Form ‘A’ Return
 Please refer to Form A Return in the Master Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions - 2021 (updated as on September 25, 2023) regarding the reporting of Reverse Repo transactions by Commercial Banks.
 2. In order to bring uniformity in reporting of Reverse Repo transactions in the Form A Return by various banks, it is clarified that the banks should adhere to the following practice for presentation of Reverse Repo transactions in the above return:
 A. Reverse Repo transactions with the banks should be reported as under:
 i. For original tenors up to and inclusive of 14 days 
 Item III(b) of Form A (i.e. Money at call and short notice) and;
 Memo item 2.1 of Annex A to Form A (i.e. under Inter Bank Assets)
 ii. For original tenors more than 14 days 
 Item III(c) of Form A (i.e. Advances to banks) and;
 Memo item 2.1 and 2.2 of Annex A to Form A (i.e. under Inter Bank Assets)
 B. Reverse Repo transactions with non-banks (other institutions) for all tenors should be reported under Item VI(a) of Form A [i.e. Loans, cash credits and overdrafts under Bank Credit in India (excluding inter-bank advances)]. 
 Yours faithfully,
 (Brij Raj)
 Chief General Manager

Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2023-24/68 · issued 16 Oct 2023. The plain-English explanation above is BankPulse’s own independent summary.

🧰 Tools — save, print, templates & related

Most relevant forTreasury Team / ALM Compliance Team Data Science / Analytics Internal Audit Risk Management Senior Management / Board

🛠 Banker’s toolkit — checklists & reply templates →

Related circulars · Department of Regulation

Revised Reporting of Reverse Repo with Non-Banks in Form A SFB Pillar 3 Disclosure Norms Aligned with Basel UCB Deposit Rate Disclosure & Uniformity Rules Updated LAB Deposit Rate Disclosure & Uniformity Rules Tightened Payments Banks: Interest Rates Must Match Disclosed Schedule

Browse all departments →

Who does what — compliance checklist

🏦 Branch Manager

Update internal reporting templates and systems to separate reverse repos by counterparty (bank vs non-bank) and tenor (≤14 days vs >14 days).

📜 Compliance

Review your current Form A reporting for reverse repo transactions and reclassify as per the new guidelines.
Train treasury and compliance teams on the revised classification to ensure accurate submissions.
Audit past returns for consistency and prepare for potential RBI scrutiny on reporting uniformity.

Grouped from the action items above — a single circular may involve more than one team.

Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (Commercial banks reporting Form A Return, Treasury departments handling reverse repo transactions, Compliance and regulatory reporting teams), your first concrete step on “Reverse Repo Reporting in Form A: RBI Clarifies Classification” is: “Review your current Form A reporting for reverse repo transactions and reclassify as per the new guidelines.” (RBI issued this 16 Oct 2023).

Circular: RBI/2023-24/68 -- Reverse Repo Reporting in Form A: RBI Clarifies Classification
Issued: 16 Oct 2023
Action required: Review your current Form A reporting for reverse repo transactions and reclassify as per the new guidelines.
Action required: Update internal reporting templates and systems to separate reverse repos by counterparty (bank vs non-bank) and tenor (≤14 days vs >14 days).
Action required: Train treasury and compliance teams on the revised classification to ensure accurate submissions.
Action required: Audit past returns for consistency and prepare for potential RBI scrutiny on reporting uniformity.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________

Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

💬 Banker Discussion

Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.

Loading comments…

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=12548&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.