What changed
The reporting calendar now includes four reference dates each month and a full‑file deadline on the 5th of the following month. Only incremental accounts need to be sent for the 9th, 16th and 23rd dates, with a four‑day turnaround. Banks must also forward borrowers' CKYC numbers and correct any rejected data before the next cycle.
What it means for you
Banks will need to automate data pulls to meet tighter, more frequent deadlines and expand their systems to capture CKYC identifiers. Data quality checks become critical because rejected files must be fixed promptly. Non‑compliant banks will be listed on the RBI’s DAKSH portal twice a year, increasing supervisory scrutiny.
What you must do
- Revise internal reporting schedules to align with the 9th, 16th, 23rd and month‑end dates.
- Develop a process to extract and transmit only incremental account changes within four days.
- Integrate CKYC number capture into the credit data feed.
- Implement a rapid rejection‑handling workflow to rectify and resend data before the next deadline.
- Monitor compliance dashboards to avoid being flagged on the DAKSH portal.
Who it affects
Small Finance Banks, Credit Information Companies (CICs), RBI supervisory unit
When do the new reporting requirements become effective?
The amended directions take effect on 1 July 2026.
What data must be sent on the 9th, 16th and 23rd of each month?
Only incremental accounts – new openings, closures, any change in balance, repayment, demographic updates, guarantor details, account type or overdue status – must be transmitted within four days of each date.
How should banks handle rejected data from CICs?
Rejected records must be corrected and resubmitted before the next reporting reference date, alongside the regular submission.