RBI issues operational guidelines for reporting Central Repository of Information on Large credits

Jan 21, 2020 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Reserve Bank of India (RBI) on January 16, 2020, issues operational guidelines for reporting Central Repository of Information on Large Credits (CRILC). RBI has decided that aggregate exposure shall include all fund-based, non-fund based exposure and investment exposure on the borrower. The Primary (Urban) Co-operative Banks (UCBs) having total assets of Rs. 500 crore and above as on 31st March of the previous financial year shall report credit information, including classification of an account as Special Mention Account (SMA), on all borrowers having aggregate exposures of Rs. 5 crore and above with them to Central Repository of Information on Large Credits (CRILC) maintained by the RBI. 

The followings are the operational guidelines for reporting the CRILC– UCBs return:-

 The frequency of the CRILC– UCBs return is on quarterly basis and banks will submit the date on large exposures within 30 days from the end of the quarter. 

 There are all total three sections of CRILC– UCBs return

(i) Section 1: Exposure to Large Borrowers, the bank needs to report the credit information of all borrowers having aggregate exposures (fund-based, non-fund based and investment exposure) of ₹5 crore and above.

(ii) Section 2: Reporting of Technically or Prudentially Written-off Accounts, the bank needs to report the data on the amount written off, if any, for borrowers whose technically or prudentially written off amount is ₹5 crore or more and which are not reported in Section 1.

(iii) Section 3: Reporting of balance in Current Account, the bank needs to report the data on Current Account holders whose balance in current account as on reporting date is Rs. 1 crore and above or the total of credit summation during the reporting quarter is Rs. 5 crore and above or total of debit summation during the reporting quarter is Rs.5 crore and above.

 In case of non-compliance of the guidelines, a penalty action will be undertaken. Thus, banks are requested to take care about data accuracy and integrity while submitting the data on large credits to RBI.

 The banks are advised to submit the data in CRILC-UCBs return with effect from the quarter ended December 31, 2019 and the format for reporting is available at RBI website.

[RBI Notification No. DoS.OSMOS.No.4633/33.05.018/2019-20]


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