Regulatory Alerts2022-01-12
Added
SD Circular Letter No. 01: Regarding Submission of NBFI 2, NBFI 3 and Other Returns
Non-Bank Financial Institutions (NBFIs) are required to submit NBFI-2 and NBFI-3 reports via the relevant RIT Web Portal by the 20th of the following month, accompanied by a summary sheet signed by the Managing Director or authorized officer. Additionally, monthly deposit and interest/profit rate details must be uploaded by the 10th of the subsequent month, while branch codes must be applied for within 7 working days of a new branch's commencement. NBFIs must also submit an annual branch list by January 10th and immediately notify the department of any changes in government or private NBFI status.
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