The Reserve Bank of India in its Notification dated 16th January 2020 has directed the Primary (Urban) Co-operative Banks (UCBs) having total assets of ₹500 crore to report to the central repository, within a month of end-of-quarter.
The Guidelines stipulates the banks to submit the data on large exposures through XBRL reporting platform of RBI.
The reports filed by cooperative banks will comprise three sections—exposure to large borrowers, reporting of technically or prudentially written-off accounts, and reporting of balance in current account.
Under the Exposure to Large Borrowers, the bank needs to report the credit information of all borrowers having aggregate exposures of ₹5 crore and above and the bank needs to report the data on the amount written off, if any. Borrowers whose technically/prudentially written off amount is ₹5 crore or more and which are not reported in above exposure category.
Further the bank needs to report the data on Current Account holders whose (i) balance (either credit or debit) in current account as on reporting date is ₹1 crore and above or (ii) total of credit summation (sum of all credit transactions) during the reporting quarter is ₹5 crore and above or (iii) total of debit summation (sum of all debit transactions) during the reporting quarter is ₹5 crore and above.
Click here to read the Notification.
