The Reserve Bank of India vide its notification dated 29th April 2020 has decided to extend the timelines for submission of various regulatory returns, including those relating to the payment of dividend, aggregate resources raised, return on large exposure, investment statement, and disposal of non-banking assets by Banks.
The RBI has listed 18 regulatory returns which the banks and All-India Financial Institutions can submit with a delay of a maximum of 30 days. However, these extensions will be applicable to regulatory returns required to be submitted up to June 30, 2020.
Further, there shall be no extension in the timeline for submission of statutory returns i.e. returns prescribed under the Banking Regulation Act, 1949, RBI Act, 1934 or any other Act (for instance, returns related to Cash Reserve Ratio/Statutory Liquidity Ratio).
Click here to read the Notification.
