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INDIA

REGULATORY Compliance Calendar (NBFC)

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Pragya Sonkhiya
Pragya Sonkhiya

Published on: Feb 8, 2024

Ankita Sharma
Ankita Sharma

Updated on: May 11, 2024

(58 Ratings)
6443

Objective

Non-Banking Financial Companies (NBFCs) are directed by Reserve Bank of India to submit various returns w.r.t., to their deposit acceptance, prudential norms compliance, ALM etc. within a specified timelines in accordance with various Master Directions. NBFC Compliances and Returns are comprehensive and require time-bound reporting, so as to avoid penal action by RBI. This is an effort to consolidate the Compliances to provide a handy guide for all Compliance Officers, CFOs, Company Secretaries, to have a holistic view of compliance filing dates across various applicable laws, along with Regulating documents for NBFC Industry.

Yearly Filings/Intimations

S. No. Particular Description Applicability Filling Dates Regulating Document
1. DNBS10 Statutory Auditor Certificate (SAC) Return for Continued Regulatory Compliance All NBFC and ARC 31st December Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
2. DNBS02 Financials details like components of assets and liabilities, prudential norms Non Deposit Taking Non - NDSI 30th May Master Direction- NBFC Returns
3. Schedule- I Return Details of public deposits, category wise distribution of housing loan to individual or state or union territories HFC 30th June Master Circular- Returns HFC
4. Statutory Auditor Certificate Statutory auditor certificate (SAC) return on certificate of registration as housing finance company HFC 30th June Master Circular- Returns HFC
5. FAFT Compliance Certificate For Compliance with the Norms specified by RBI, in respect of Investment from FATF non-compliant jurisdictions HFC 30th June Master Circular- Returns HFC
6. Declaration Board resolution for not accepting/ holding any public deposit NBFC - ICC 30th April Master Direction- NBFC- Acceptance of Public Deposit Direction, 2016
7. Declaration Board Resolution for Acquisition of Shares/ Securities of its own Group / Holding/ Subsidiary Companies Company which has acquired shares/ securities of its own group / holding/ subsidiary companies 30th April Master Direction- NBFC-Acceptance of Public Deposit Direction, 2016
8. Form A Certificate Regarding appointment of Statutory Central Auditor (SCA)/ Statutory Auditor (SA) All NBFCs 21st April Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024

Half-Yearly Filings/Intimations

S. No. Particular Description Applicability Filling Dates Regulating Document
1. Statement on Interest Rate Futures (IRF) Transaction NBFC Participating in Interest Rate Future Exchanges for hedging their underlying exposures NBFC including HFC participating in interest rate future exchanges
  • 30th April,
  • 31st October
Master Direction- Scale Based Regulation,Master Circular- Returns HFC
2. Schedule-II Return Information on various Prudential Norms i.e., Capital Adequacy, Asset Classification, Provisioning Net Owned Funds etc. HFC
  • 12th May
  • 12th November
Master Circular- Returns HFC
3. ALM-II Statement of Structured Liquidity and Interest Rate Sensitivity HFC taking deposit and all non-deposit taking HFC with asset size of Rs. 100 cr. And above
  • 12th May
  • 12th November
Master Circular- Returns HFC
4. FDI– SAC Compliance with the terms and conditions of foreign direct investment (FDI)-SAC HFC having Foreign Direct Investment
  • 30th April,
  • 31st October
Master Circular- Returns HFC

Quarterly Filings/Intimations

S. No. Particular Description Applicability Filling Dates Regulating Document
1. Annex X Report on Pledged Securities in their favor by the borrowers for availing loans NBFC having asset size of Rs. 100 cr. And above
  • 30th June
  • 30th September
  • 31st December
  • 31st March
Master Direction- Scale Based Regulation
2. Notification/Email Statement to Communicate Principal and interest, EMI amount, number of EMIs left All NBFC including HFC
  • 30th June
  • 30th September
  • 31st December
  • 31st March
Master Direction – HFC, Master Direction- Scale Based Regulation
3. Report on Total Exposure Having Assumed Exposures against borrowers in excess of the normal exposure limits All NBFC
  • 30th June
  • 30th September
  • 31st December
  • 31st March
Master Direction- Scale Based Regulation
4. Statement Statement for Change in Directors as per Fit and Proper Criteria NBFC-ML, NBFC-UL, HFC
  • 15th July
  • 15th October
  • 15th January
  • 15th April
Master Direction- Scale Based Regulation, Master Direction- HFC
5. DNBS01 Financial Details, viz. Components of Assets and Liabilities, Profit and Loss Account, Exposure to Sensitive Sectors NBFC-UL, NBFC-ML except NBFC-CIC
  • 21st July
  • 21st October
  • 21st January
  • 21st April
Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
6. DNBS03 Important Prudential Parameters- Contains prudential norms, e.g., capital adequacy, provisioning etc. NBFC-UL, NBFC-ML except NBFC-CIC
  • 21st July
  • 21st October
  • 21st January
  • 21st April
Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
7. DNBS04A Statement on Short Term Dynamic Liquidity (STDL) contains data on Asset Liability Mismatches (ALM) and Interest Rate Sensitivity (IRS), liquidity risk of exposures NBFC-UL, NBFC-ML(except NBFC-SPD), NBFC-BL with asset size of ₹100 crore and above solely or at Group level, excluding Type-I NBFCs, and NOFHC, P2Ps, AAs, and Mortgage Guarantee Companies
  • 21st July
  • 21st October
  • 21st January
  • 21st April
Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
8. DNBS07 ARCs Important Financial Parameters- contains data on assets and liabilities, assets acquired from Banks/FIs, acquisition cost, trusts formed, recovery status of acquired assets etc. ARC
  • 21st July
  • 21st October
  • 21st January
  • 21st April
Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
9. DNBS13 Return on Overseas Investment details for all NBFCs having overseas investment All NBFCs
  • 21st July
  • 21st October
  • 21st January
  • 21st April
  • Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
    10. Notification/Email Communicating Particulars of Public Deposit to Respective Branches HFC
    • 10th July
    • 10th October
    • 10th January
    • 10th April
    Master Direction- HFC
    11. Annexure VI Report on Detection and Impounding of Counterfeit Notes HFC
    • 7th July
    • 7th October
    • 7th January
    • 7th April
    Master Direction- HFC
    12. Schedule-III Return Details on Statutory Liquidity Ratio (SLR), structural liquidity & interest rate sensitivity HFC
    • 15th July
    • 15th October
    • 15th January
    • 15th April
    Master Circular- Returns HFC
    13. Schedule-IV Return Financial details viz. Components of Asset and Liability, Profit and Loss Account, Exposure to Sensitive Sector HFC
    • 15th July
    • 15th October
    • 15th January
    • 15th May
    Master Circular- Returns HFC
    14. ALM-I Statement on Short Term Dynamic Liquidity (STDL) HFC taking deposit and all non-deposit taking HFC with asset size of Rs. 100 cr. And above
    • 10th July
    • 10th October
    • 10th January
    • 10th April
    Master Circular- Returns HFC
    15. 20- Major Exposure Return Details of large borrowers HFC
    • 10th July
    • 10th October
    • 10th January
    • 10th April
    Master Circular- Returns HFC
    16. Broad Liquidity Return Details of liability and asset of large HFC Deposit taking HFC irrespective of asset size
    • 10th July,
    • 10th October
    • 10th January
    • 10th April
    Master Circular- Returns HFC
    17. Overseas Investment Report Report on overseas investment details Deposit and non-deposit taking HFC
    • 15th July
    • 15th October
    • 15th January
    • 15th April
    Master Circular- Returns HFC
    18. Periodic Report Analysis of complaints on activities of internal ombudsman Internal Ombudsman of Regulated Entity
    • 10th July
    • 10th October
    • 10th January
    • 10th April
    Master Direction- RBI (Internal Ombudsman for Regulated Entities) Directions, 2023
    19. FMR4 Capture the updated information report on dacoities / robberies / theft / burglaries NBFC-UL, NBFC -ML, and NBFC-BL which are NBFC-ICC, NBFC-MFI, NBFC-Factors having asset size of ₹500 crore and above
    • 21st July
    • 21st October
    • 21st January
    • 21st April
    • Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
    • Master Direction - monitoring of frauds in NBFCs (reserve bank) directions, 2016
    20. DNBS02 Important Financial Parameters NBFC-BL except NBFC – P2P
    • 15th July
    • 15th October
    • 15th January
    • 15th April
    Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
    21. Appendix VI-A Public Disclosure on the soundness of Entities liquidity risk management framework and liquidity position All NBFC
    • 31st March
    • 30th June
    • 30th September
    • 31st December
    Master Direction – Scale Based Regulations
    22. DNBS 11 CICs Important Financial Parameters NBFC - CICs
    • 21st July
    • 21st October
    • 21st January
    • 21st April
    Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
    23. DNBS 12 CICs Important Prudential Parameters NBFC - CICs
    • 21st July
    • 21st October
    • 21st January
    • 21st April
    Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
    24. DNBS 14 P2P- Important Financial & Prudential Parameters NBFC - P2Ps
    • 21st July
    • 21st October
    • 21st January
    • 21st April
    Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
    25. Financial Soundness Indicators (FSI) Consolidated Financial Soundness Indicators (FSI) to International Monetary Fund(IMF) All NBFC and ARC (except HFC)
    • 21st July
    • 21st October
    • 21st January
    • 21st April
    Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024

    Monthly Filings/Intimations

    S. No. Particular Description Applicability Filling Dates Regulating Document
    1. Annex XXV Reporting of Large Exposure NBFC – UL By end of each month Master Direction-Scale Based Regulation
    2. Annex XIX Information of borrowers whose secured assets is possessed All NBFC including HFC By end of each month Master Direction-Scale Based Regulation, Master Direction- HFC
    3. DNBS04B Return on Structural Liquidity & Interest Rate Sensitivity NBFC-UL, NBFC-ML except Standalone Primary Dealers , and NBFC-BL with asset size of ₹100 crore and above solely or a Group level, excluding Type-I NBFC, and NOFHC, P2P, AA, and Mortgage Guarantee Companies Within 15 days from end of each month Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
    4. DNBS08 CRILC main return NBFC-UL NBFC-ML( except NBFC-CIC), and NBFC-BL which are NBFC-ICC, NBFC-MFI, NBFC-Factors having asset size of ₹500 crore and above solely or at Group level Within 15 days of end of month Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
    5. Annexure XVII Information on willful default of 25 lakh or above to credit information company HFC By 15th of subsequent month Master Direction-HFC
    6. Schedule –V Capture trend in loans and advances, borrowings, asset quality, interest rate structure HFC Within 10 days from end of month Master Circular- Returns HFC
    7. Report on Cash Transaction (CTR) Report on Cash Transaction (CTR) to FIU India All NBFC By 15th of succeeding month Master Direction - Know Your Customer (KYC) Direction, 2016

    Weekly Filings/Intimations

    S. No. Particular Description Applicability Filling Dates Regulating Document
    1. DNBS09- CRILC RBD NBFCs having aggregate exposure of ₹5 crore and above to a single borrower reported in SMA-0 for the week NBFC-UL, NBFC -ML except NBFC-CICs, and NBFC-BL which are NBFC-ICC, NBFC-MFI, NBFC-Factors having asset size of ₹500 crore and above solely or at Group level On or before Wednesday of the following week Master Direction – Reserve Bank of India (Filing of Supervisory Returns) Directions, 2024
    2. LCR Return Capture Liquidity Coverage of the HFC HFC taking deposit, all non –deposit taking HFC with asset size of Rs. 5000 cr. And above Within 5 days from the week ending on Friday Master Circular- Returns HFC

    Abbreviations

    SAC Statutory Auditor Certificate
    DNBS Department of Non-Banking Supervision
    NBFC-ND-SI Non Deposit taking Systemically Important
    NBFC Non-Banking Financial Company
    HFC Housing Finance Company
    LCR Liquidity Coverage Ratio
    CRILC Central Repository of Information on Large Credits
    SMA Special Mention Account
    NBFCs-D Non-Banking Financial Company taking deposit
    NBFC-CIC Non-Banking Financial Company- Core Investment Company
    ALM Asset Liability Management
    NOFHCs Non-Operative Financial Holding Company
    NBFC-BL Non-Banking Financial Company- Base Layer
    NBFC-ML Non-Banking Financial Company- Middle Layer
    NBFC-UL Non-Banking Financial Company- Upper Layer
    FAFT Financial Action Task Force

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    Disclaimer

    The information provided in this article is intended for general informational purposes only and should not be construed as legal advice. The content of this article is not intended to create and receipt of it does not constitute any relationship. Readers should not act upon this information without seeking professional legal counsel.

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