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NBFC COMPLIANCES

NBFC COMPLIANCES

A. Returns to be submitted by NBFCs that accept deposits

NBFC

  • First Schedule Quarterly Returns on Deposits, NBS-1
  • The NBS-2 Quarterly Return on Prudential Norms must be submitted by NBFCs that take public deposits.
  • Return on liquid assets for the quarter for deposit-taking NBFCs under NBS-3.
  • NBS-4 A rejected business holding public deposits must submit yearly critical performance indicators. As NBS 1 has been filed quarterly, NBS-5 is withdrawn.
  • NBS-6 Deposit-taking NBFCs with assets of at least 100 crores monthly return on capital market exposure.
  • ALM returns from NBFCs every six months that have assets or public deposits of 20 crores. or more.
  • NBFCs that accept deposits from the public have audited balance sheets and an auditor’s report.
  • Return to Branch Information

 

B. Returns to be submitted by NBFCs-ND-SI 

  1. NBS-7 Risk-weighted asset and risk asset ratio statement for the NBFC-ND-SI quarter.
  2. Return on NBFCs-ND-SI Monthly Important financial metrics that ALM returns:

            (I) Monthly Statement of Short-Term Dynamic Liquidity in NBS-ALM1 Format,

            (ii) A twice-yearly ALM-formatted declaration of structural liquidity,

  1. ALM-[NBS-ALM3] (iii) Semi-annual Statement of Interest Rate Sensitivity
  2. Back to Branch Information

C. The quarterly return on the most important financial measures for NBFCs that do not accept deposits and have assets between 50 and 100 crore rupees.

Non-deposit-taking NBFCs must disclose certain fundamental details, including their name, address, NOF, quarterly profit/loss, and asset size, which must be between 50 and 100 crores.

Various NBFC Returns and Compliances (Annual, Monthly, and Quarterly)

MONTHLY COMPLIANCES

 

S.NO.FORUMTYPES OF NBFCDESCRIPTIONDUE DATE
1DNBS-04B Return Structural Liquidity & Interest Rate SensitivityNBFCs-D and NBFCs-NDSI

To grab-

(i) Detail any difference between the anticipated future cash inflows and outflows for NBFCs-NDSI based on the maturity pattern of assets & liabilities at the end of the reporting period;

(ii) Knowledge of interest rate risk

10 days after the conclusion of each month
2CIC ReportingAll NBFCsEvery NBFC must provide reports to the four CICs.On or before the 10th day of the next month
3NESLALL NBFCsNESL mandates that all debt be disclosed.Within a week at the beginning of the following month

 

QUARTERLY COMPLIANCES

S.NO.FORUMTYPES OF NBFCDESCRIPTIONDUE DATE
1DNBS-01 ReturnNBFCs-D and NBFCs-NDSIThe return includes financial information for NBFC-D and NBFC-NDSI, including components of assets and liabilities, profit and loss accounts, exposure to sensitive industries, etc.

15th April;

15th July;

15th October;

15th January

2DNBS-03 ReturnNBFCs-D, NBFCs-NDSI, and Non-NDSI NBFCs with assets of at least 100 crores.The return shows adherence to prudential norms for NBFC-Deposit Taking and NBFC-NDSI, including Capital Adequacy, Asset Classification, Provisioning, NOF, and others.

15th April

15th July

15th October

15th January

3DNBS-04A Return Short Term Dynamic Liquidity (STDL)NBFCs-D, NBFCs-NDSI, and Non-NDSI NBFCs have assets of at least 100 crores.To record specifics of predicted future cash withdrawals and inflows that don’t line up with the business projections

15th April

15th July

15th October

15th January

4DNBS-06RNBCsThe return contains details on the assets, liabilities, and their components, as well as proof of compliance with several RNBC prudential regulations.

15th April

15th July

15th October

15th January

5DNBS-07ARCsTo keep track of the financial KPIs and numerous operational data for ARCs, such as the assets (NPA) purchased, the cost of the acquisition, the state of their recovery, etc.

15th April

15th July

15th October

15th January

6DNBS08-CRILC Main Return

NBFCs-D and NBFCs-NDSI and

NBFC-Factors

Must record credit information on total exposure of more than 5 crores to a single borrower.

21st April

21st July

21st October

21st January

7DNBS-11NBFC-CICsThe return includes financial information for CIC-ND-Sis, such as components of Assets and Liabilities, Profit & Loss account, Exposure to Sensitive Sectors, etc.

15th April

15th July

15th October

15th January

8DNBS-12NBFC-CICsThe return documents adhere to prudential standards for CIC-ND-Sis, such as Capital Adequacy, Asset Classification, Provisioning, and NOF.

15th April

15th July

15th October

15th January

9DNBS-13All NBFCsTo record information about foreign investment for all NBFCs that have investments abroad.

15th April

15th July

15th October

15th January

10DNBS-14NBFC P2PsThe return includes information about the assets and liabilities, their components, and the NBFCs-compliance P2Ps with several prudential standards.

15th April

15th July

15th October

15th January

 

ANNUAL COMPLIANCES

 

S.NO.FORMTYPES OF NBFSDESCRIPTIONDUE DATE
1DNBS-02 ReturnNon-NDSI NBFCsFinancial data for non-deposit accepting non-NDSI NBFCs, including the components of assets and liabilities and compliance with several regulatory requirements, are included in the return.If provisional, then file audited within 30 days after the completion of the financials, on or before May 30th (either on a provisional or audited basis).
2DNBS-010All NBFCs and ARCsTo ensure ongoing compliance with regulations for all NBFCs.15 days after the balance sheet’s completion, but no later than October 31.

 

ADDITIONAL COMPLIANCES

 

S.NO.FORMTYPES OF NBFSDESCRIPTIONDUE DATE
1DNBS-05 ReturnRejected NBFC’sTo gather information on the NBFCs that accepted public deposits but had their CoR disallowed.As when COR is rejected by RBI
2DNBS09-CRILC SMA Details

NBFCs-D and NBFCs-NDSI and

NBFC-Factors

All NBFCs-D, NBFCs-NDSI, and NBFCs-Factors with a total exposure of more than 5 crores to a single borrower for the day were disclosed in SMA-2.As soon as the account is designated (de-designated) as SMA-2
3CKYCRREsWhen disbursing loans or establishing account relationships, every regulated company (including NBFCs) is required to do KYC.10 days after the account relationship date.
4CERSAIAll Financials InstitutionsWhile disbursing secured loansIn order to acquire the first charge over the secured property, as soon as possible
5FIU-INDAll regulated EntitiesReport specific transactions to the FIU-IND organization designated in Rule 3 of the 2005 PMLA Regulations.After determining that the transaction is suspicious, within seven working days of the 15th day of the next month.

 

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