MANU/RMIC/0101/2016

Ministry : Reserve Bank of India

Department/Board : Department of Banking Regulation

Circular No. : DBR.CID.BC.107/20.16.056/2015-2016
                   RBI/2015-2016/432

Date : 23.06.2016

Notification/ Circulars Referred : Circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014 MANU/DBOD/0050/2014

Citing Reference:
Circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014 MANU/DBOD/0050/2014  Referred

All Scheduled Commercial Banks
All India Financial Institutions
Credit Information Companies

Dear Sir / Madam

Reporting of Information on Investment in Commercial Papers and Unhedged Foreign Currency Exposures of the Borrowers to Credit Information Companies

Please refer to our circular DBOD.No.CID.BC.127/20.16.056/2013-14 dated June 27, 2014 advising banks to implement certain recommendations of the Committee to Recommend Data Format for Furnishing of Credit Information to Credit Information Companies (Chairman: Shri Aditya Puri) constituted by the Reserve Bank of India (RBI).

2. The recommendations that remain to be implemented relate to reporting of information concerning (i) investment of banks and All India Financial Institutions (AIFIs) in Commercial Papers (CPs) - Recommendation No.8.6, and (ii) Unhedged Foreign Currency Exposures (UFCE) of borrowers of banks and AIFIs - Recommendation No.8.14. The feasibility and operationalization of the collection and dissemination of information relating to these two items were examined in depth by the Technical Group on Credit Information set up by RBI and coordinated by CIBIL¹.

It has been decided to capture the information on CPs and UFCE taking into account the inputs provided by the Technical Group.

3. The information on CPs issued by the companies shall be reported on a monthly basis to all the four credit information companies (CICs) by the bank which has been designated as the Issuing and Payment Agent (IPA) for the particular CP issue. However, if there are multiple IPAs for a single CP issue, they shall report to the CICs the details pertaining to the portion of the issue which is with the........