Home › Circulars › RBI/2023-24/96

Trade Credit Guarantee Reporting Moves to CIMS Platform

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2023-24/96 · issued 22 Dec 2023 · ~1 min read
Quick answerRBI has shifted quarterly reporting of bank guarantees for trade credits from XBRL to the CIMS portal (return code R131). AD Category-I banks must submit only on CIMS from December 26, 2023; XBRL submission will be discontinued.

What changed

RBI moved the quarterly return on issuance of bank guarantees for trade credits from the XBRL platform to the Centralised Information Management System (CIMS). The return is now assigned code R131 on CIMS. Submission via XBRL will stop effective December 26, 2023.

What it means for you

Banks must now use the CIMS portal for this specific return, aligning with RBI's broader data warehouse migration. This change streamlines reporting but requires banks to ensure their CIMS access and data submission processes are fully operational. Non-compliance could lead to reporting gaps.

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

Who it affects

AD Category-I banks, Trade credit operations teams, Compliance and reporting departments

❓ Common questions

Regulatory timeline

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

What is the new return code for this reporting on CIMS?

The return has been assigned code R131 on the Centralised Information Management System (CIMS).

From which date is XBRL submission discontinued?

Submission of this return through the XBRL site will be discontinued with effect from December 26, 2023.

Which banks are required to comply with this circular?

All Category-I Authorised Dealer banks are required to comply.

📜 Read the original circular — full text as issued by RBI
RBI/2023-24/96 A.P. (DIR Series) Circular No. 10 December 22, 2023 To All Category - I Authorised Dealer Banks Madam/Sir Trade Credit for imports into India – Submission of return on issuance of bank guarantees for Trade Credits on the Centralised Information Management System (CIMS) Attention of Authorised Dealer Category – I banks is invited to A.P. (DIR Series) Circular No. 75 November 19, 2013 read with A.P. (DIR Series) Circular No. 20 dated March 13, 2018 relating to Trade Credits for imports into India and submission of quarterly statement on issuance of guarantees therefor by AD banks on the eXtensible Business Reporting Language (XBRL) platform. 2. With the launch of the Reserve Bank’s next generation data warehouse viz., the Centralised Information Management System (CIMS), it has been decided to shift the arrangement for reporting of quarterly data on issuance of guarantees for trade credits by AD banks, from XBRL platform to CIMS. The statement has been assigned return code- ‘R131’ on CIMS. 3. AD Category I banks have already been onboarded on the CIMS platform and are currently submitting the aforesaid return on XBRL site as well as the CIMS portal. Henceforth, AD Category-I banks shall furnish the return only on the CIMS portal (URL: https://sankalan.rbi.org.in/ ) as submission of the return through the XBRL site will be discontinued with effect from December 26, 2023. 4. The Master Direction - External Commercial Borrowing, Trade Credit and structured Obligation dated March 26, 2019 (as amended from time to time) shall accordingly be updated to reflect the above changes. AD banks may bring the contents of this circular to the notice of their constituents. 5. The directions contained in this circular have been issued under Section 10(4) and 11(2) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law. Yours faithfully, (Dr Aditya Gaiha) Chief General Manager-in-Charge
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2023-24/96 · issued 22 Dec 2023. The plain-English explanation above is BankPulse’s own independent summary.
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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12578&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.
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