RBI Shift Submissions of Various Forms From XBRL Mode to Centralized Information Management System
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- Last Updated on 26 December, 2023
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Circular No. RBI/2023-24/95 A.P. (DIR Series) Circular No.09/10/11/12, Dated 22.12.2023
With the introduction of Centralized Information Management System (CIMS), the RBI has now decided that with effect from December 26, 2023, submission of the statement E on total remittances received every quarter, by AD Category – I banks through the XBRL site will be discontinued and shifted to the Centralized Information Management System (CIMS), which is Bank’s new data warehouse.
AD Category – I banks have already been onboarded on CIMS portal and are currently submitting the return on XBRL site as well as CIMS portal. The statement has been assigned return code – ‘R129’ on CIMS portal.
Further, the submission of the returns reporting monthly and daily transactions under LRS through the XBRL site will be discontinued and shifted to the Centralised Information Management System (CIMS).
AD Category-I banks have already been onboarded on CIMS portal, and are currently submitting both the returns on XBRL site as well as CIMS portal. The LRS monthly return and LRS daily return have been assigned return codes- ‘R089’ and ‘R010’ respectively on CIMS portal.
Also, Statement on half yearly and monthly basis showing the quantity and value of gold imported by the nominated banks/ agencies/ EOUs/ SEZs in Gem & Jewellery sector, has been now shifted to Centralised Information Management System (CIMS).
The returns have been named ‘Import of gold by EOUs, units in SEZ/EPZ and nominated agencies(M)’, ‘‘Import of gold by EOUs, units in SEZ/EPZ and nominated agencies (HY)’ and has been assigned return codes- ‘R132’ & ‘R133’ respectively on CIMS portal.
Further, it has also been decided to shift the arrangement for reporting of quarterly data on issuance of guarantees for trade credits by AD banks, from XBRL platform to CIMS.
Click Here To Read The Full Circular
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