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........