Discontinuance of Quarterly reporting system- Foreign branches/ subsidiaries/ of Indian banks

By | June 30, 2016
(Last Updated On: June 30, 2016)

RBI/2015-16/435
DBS.CO.PPD.15123/11.01.021/2015-16

June 30, 2016

The Chief Executives of
Scheduled Commercial Banks

Dear Sir/ Madam,

Quarterly reporting system- Foreign branches/ subsidiaries/ joint ventures/ associates of Indian banks

Kindly refer to our circular DBS.CO.PP.BC 11/11.01.005/2007-08 dated March 24, 2008 on Quarterly reporting system- foreign branches/ subsidiaries/ joint ventures/ associates of Indian banks in terms of which you were required to submit quarterly return for reporting of profit and asset size of overseas operations of the bank.

2. On a review it has been decided to discontinue the submission of the said return with effect from June 30, 2016.

Yours faithfully,

(Parvathy V. Sundaram)
Chief General Manager-in-Charge

Category: RBI

About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com

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