News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« Latest Circulars »
 Risk Management and Inter-bank Dealings- Participation of Banks in Offshore Non-deliverable Rupee Derivative Markets
 Implementation of Section 51A of UAPA, 1967 - Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List - Deletion of one individual
 Formation of new Union Territory of The Dadra and Nagar Haveli and Daman and Diu - Assignment of UTLBC Convenorship
 Formation of new district in the State of Chhattisgarh – Assignment of Lead Bank Responsibility
 All banks, NBFCs to allow 3 month moratorium on all term loans
  RBI advances variable rate Repo auction scheduled for March 30, 2020 to March 26, 2020 and Temporarily enhances Standing Liquidity Facility for SPDs
  Priority Sector Lending - Lending by banks to NBFCs for On-Lending
 RBI advances variable rate Repo auction scheduled for March 30, 2020 to March 26, 2020 and Temporarily enhances Standing Liquidity Facility for SPDs
 Priority Sector Lending - Lending by banks to NBFCs for On-Lending
 RBI to conduct variable rate Term Repos of ₹1,00,000 crores
 RBI advances the OMO Purchase auction scheduled for March 30, 2020 to March 26, 2020

Reporting Requirements under Basel III Capital Regulations- Review
June, 29th 2016

RBI/2015-16/428
DBR.BP.BC.No.105/21.06.001/2015-16

June 23, 2016

All Commercial Banks
(Excluding Local Area Banks and Regional Rural Banks)

Dear Sir,

Reporting Requirements under Basel III Capital Regulations- Review

Please refer to the Annexures 3 and 4 of the Master Circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on Basel III Capital Regulations in terms of which banks are permitted to raise perpetual non-cumulative preference shares (PNCPS) and perpetual debt instruments (PDI) for inclusion in Additional Tier 1 capital. Further, in terms of the Annexures 5 and 6, banks are also allowed to raise debt capital instruments, perpetual cumulative preference shares (PCPS) / redeemable non-cumulative preference shares (RNCPS) / redeemable cumulative preference shares (RCPS) for inclusion in Tier 2 capital.

2. In terms of the extant instructions contained in the Master Circular DBR.No.BP.BC.1/21.06.201/2015-16 dated July 1, 2015 on Basel III Capital Regulations, banks are required to submit a report to the Chief General Manager-In-Charge, Department of Banking Regulation, Reserve Bank of India, Mumbai, giving the details of the debt raised, including the terms of the issue with a copy of the offer document soon after the issue is completed. The above measures were intended to ensure that the debt/capital raised by banks in India are in compliance with Basel III Capital Regulations. However, as more than three years have since been elapsed from the date of implementation of Basel III Capital Regulations in India, it is expected that the systems and processes in this regard have stabilized. Accordingly, on a review of the extant instructions, it has been decided that banks need not submit a copy of the offer document to Reserve Bank of India, as hitherto. Banks shall however, report to the Principal Chief General Manager, Department of Banking Regulation, Reserve Bank of India, Mumbai, the details of the debt raised as per the format prescribed below duly certified by the compliance officer of the bank. The compliance with the Basel III Capital regulations will continue to be examined by our Department of Banking Supervision, in course of the supervisory evaluation.

Format- Reporting of Capital Issuances
Issuer  
Issue Size  
Instrument  
Deemed Date of Allotment  
Coupon  
Tenor  
Credit Rating  
Put Option  
Call Option  
Redemption/Maturity  
Whether Private Placement or otherwise  

3. Banks may also email a soft copy of such details in excel format to Email.

4. Banks shall however, continue to obtain and keep on their records a certificate from statutory auditors and an external legal opinion in terms of paragraphs 2.5 and 3.1(v) of Annex 16 of the Master Circular on Basel III Capital Regulations dated July 1, 2015.

Yours faithfully,

(Sudarshan Sen)
Principal Chief General Manager

Home | About Us | Terms and Conditions | Contact Us
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting