NBFC COMPLIANCES
A. Returns to be submitted by NBFCs that accept deposits
- 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 As NBS 1 has been filed quarterly, NBS-5 is withdrawn.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
- NBS-7 Risk-weighted asset and risk asset ratio statement for the NBFC-ND-SI quarter.
- 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,
- ALM-[NBS-ALM3] (iii) Semi-annual Statement of Interest Rate Sensitivity
- 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. | FORUM | TYPES OF NBFC | DESCRIPTION | DUE DATE |
| 1 | DNBS-04B Return Structural Liquidity & Interest Rate Sensitivity | NBFCs-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 |
| 2 | CIC Reporting | All NBFCs | Every NBFC must provide reports to the four CICs. | On or before the 10th day of the next month |
| 3 | NESL | ALL NBFCs | NESL mandates that all debt be disclosed. | Within a week at the beginning of the following month |
QUARTERLY COMPLIANCES
| S.NO. | FORUM | TYPES OF NBFC | DESCRIPTION | DUE DATE |
| 1 | DNBS-01 Return | NBFCs-D and NBFCs-NDSI | The 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 |
| 2 | DNBS-03 Return | NBFCs-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 |
| 3 | DNBS-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 |
| 4 | DNBS-06 | RNBCs | The 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 |
| 5 | DNBS-07 | ARCs | To 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 |
| 6 | DNBS08-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 |
| 7 | DNBS-11 | NBFC-CICs | The 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 |
| 8 | DNBS-12 | NBFC-CICs | The 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 |
| 9 | DNBS-13 | All NBFCs | To record information about foreign investment for all NBFCs that have investments abroad. | 15th April 15th July 15th October 15th January |
| 10 | DNBS-14 | NBFC P2Ps | The 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. | FORM | TYPES OF NBFS | DESCRIPTION | DUE DATE |
| 1 | DNBS-02 Return | Non-NDSI NBFCs | Financial 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). |
| 2 | DNBS-010 | All NBFCs and ARCs | To 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. | FORM | TYPES OF NBFS | DESCRIPTION | DUE DATE |
| 1 | DNBS-05 Return | Rejected NBFC’s | To gather information on the NBFCs that accepted public deposits but had their CoR disallowed. | As when COR is rejected by RBI |
| 2 | DNBS09-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 |
| 3 | CKYCR | REs | When disbursing loans or establishing account relationships, every regulated company (including NBFCs) is required to do KYC. | 10 days after the account relationship date. |
| 4 | CERSAI | All Financials Institutions | While disbursing secured loans | In order to acquire the first charge over the secured property, as soon as possible |
| 5 | FIU-IND | All regulated Entities | Report 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. |
