Revised Reporting of Reverse Repo with Non-Banks in Form A
Current · Source: Reserve Bank of India · RBI/2023-24/92 · issued 22 Dec 2023 · ~2 min read
Quick answerRBI has revised reporting for bank reverse repo with non-banks: tenors up to 14 days need not be reported in Form A; tenors over 14 days must be reported under Item VI(a) as loans/cash credits/overdrafts.
The rule, in the simplest words
Banks don't need to report reverse repo with non-banks for tenors up to 14 days in Form A.
Reverse repo with non-banks for tenors over 14 days must be reported under Item VI(a) of Form A as loans/cash credits/overdrafts.
Banks must update their Form A reporting processes to exclude short-term reverse repo with non-banks and reclassify longer-term ones.
How it plays out — a real example
A credit & lending officer in Indore, Mr. Kumar, needs to update the Form A reporting template to exclude a short-term reverse repo transaction with a non-bank institution that lasted for 10 days. He also needs to reclassify a longer-term reverse repo transaction with the same institution that lasted for 30 days under Item VI(a) of Form A as a loan.
What changed
The December 22, 2023 circular revises instructions from the October 16, 2023 circular on reporting reverse repo transactions with non-banks. For original tenors up to and including 14 days, reporting in Form A is no longer required. For tenors exceeding 14 days, these transactions must now be reported under Item VI(a) of Form A, which covers loans, cash credits, and overdrafts under Bank Credit in India (excluding inter-bank advances).
What it means for you
Banks must update their Form A reporting processes to exclude short-term reverse repo with non-banks (≤14 days) and reclassify longer-term ones (>14 days) as bank credit items. This reduces reporting burden for short-term transactions but requires careful tracking of tenors to ensure accurate classification. Lenders should review their reverse repo portfolios and adjust internal reporting systems accordingly.
What you must do
Update Form A reporting templates to exclude reverse repo with non-banks for tenors up to 14 days.
Reclassify reverse repo with non-banks for tenors over 14 days under Item VI(a) of Form A.
Train reporting staff on the new tenor-based classification to avoid misreporting.
Audit current reverse repo transactions to ensure compliance with the revised instructions.
Who it affects
Commercial banks engaging in reverse repo with non-bank institutions, Bank reporting and compliance teams handling Form A submissions, Treasury departments managing short-term liquidity operations
❓ Common questions
What is the key change in reporting reverse repo with non-banks?
Transactions with original tenors up to 14 days are exempt from Form A reporting, while those over 14 days must be reported under Item VI(a) as loans/cash credits/overdrafts.
Does this circular affect reverse repo with other banks?
No, the circular specifically addresses reverse repo transactions with non-banks (other institutions). Inter-bank reverse repo reporting remains unchanged.
When does this revision take effect?
The circular is dated December 22, 2023, and applies immediately. All other instructions from the October 16, 2023 circular remain unchanged.
📜 Read the original circular — full text as issued by RBI
RBI/2023-24/92
DoR.RET.REC.59/12.01.001/2023-24
December 22, 2023
The Chairperson / CEOs of all Commercial Banks
Madam / Dear Sir,
Reverse Repo transactions - Reporting in Form ‘A’ Return
Please refer to the circular DoR.RET.REC.43/12.01.001/2023-24 dated October 16, 2023 on the captioned subject.
2. On a review, it has been decided to revise the instructions contained in Para B of the above circular. Accordingly, the Reverse Repo transactions of a bank with non-banks (other institutions) should be reported as under:
For original tenors up to and inclusive of 14 days - Not required to be reported in Form A.
For original tenors more than 14 days - Item VI(a) of Form A [i.e. Loans, cash credits and overdrafts under Bank Credit in India (excluding inter-bank advances)]
3. All other instructions specified in the above circular dated October 16, 2023 remain unchanged.
Yours faithfully,
(Brij Raj)
Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2023-24/92 · issued 22 Dec 2023. The plain-English explanation above is BankPulse’s own independent summary.
Example: if you are a Compliance officer at a bank this circular applies to (Commercial banks engaging in reverse repo with non-bank institutions, Bank reporting and compliance teams handling Form A submissions, Treasury departments managing short-term liquidity operations), your first concrete step on “Revised Reporting of Reverse Repo with Non-Banks in Form A” is: “Update Form A reporting templates to exclude reverse repo with non-banks for tenors up to 14 days.” (RBI issued this 22 Dec 2023).
Circular: RBI/2023-24/92 -- Revised Reporting of Reverse Repo with Non-Banks in Form A
Issued: 22 Dec 2023
Action required: Update Form A reporting templates to exclude reverse repo with non-banks for tenors up to 14 days.
Action required: Reclassify reverse repo with non-banks for tenors over 14 days under Item VI(a) of Form A.
Action required: Train reporting staff on the new tenor-based classification to avoid misreporting.
Action required: Audit current reverse repo transactions to ensure compliance with the revised instructions.
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.
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=12574&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.
Help us keep this accurate
Found an inaccuracy or have an improvement? Tell us. Every report is reviewed by our team before any change is made — nothing goes live unverified.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
BANKPULSE · FREE DAILY BRIEF
Get RBI updates for your role
Every important RBI update, decoded in plain English — for your career, exams & financial awareness.
We collect only your email, name and role, used solely to send your brief — never sold or shared. Withdraw anytime via the unsubscribe link in any email. Independent platform, not affiliated with the RBI. Information, not legal advice.
REPORT AN ERROR · BETA
Spotted an error? Earn 500 BankPulse Credits
Help us stay accurate. If your correction is verified true and approved by our founder, you earn 500 BankPulse Credits — redeemable when the platform monetises.
Reviewed by a human before any credit is awarded. We never change the site from crowd input without verification.
WANT A NEW FEATURE · BETA
What would make BankPulse more useful for you?
Tell us what to build next — a tool, a data view, a role page, anything. We read every suggestion.
Thank you — your ideas directly shape what we build.