The Reserve Bank of India (RBI) on October 16, 2023, issued a notification regarding the Reverse Repo transactions - Reporting in Form ‘A’ Return.
Kindly refer to Form A Return in the Master Direction - Reserve Bank of India [Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)] Directions – 2021, regarding the reporting of Reverse Repo transactions by Commercial Banks.
It is clarified that the banks should adhere to the following practice for the presentation of Reverse Repo transactions in the above return:
• Reverse Repo transactions with the banks should be reported as under:
o For original tenors up to and inclusive of 14 days Item III(b) of Form A (i.e. Money at call and short notice) and; Memo item 2.1 of Annex A to Form A (i.e. under Inter Bank Assets)
o For original tenors more than 14 days Item III(c) of Form A (i.e. Advances to banks) and; Memo Item 2.1 and 2.2 of Annex A to Form A (i.e. under Inter Bank Assets)
• Reverse Repo transactions with non-banks (other institutions) for all tenors should be reported under Item VI(a) of Form A [i.e. Loans, cash credits and overdrafts under Bank Credit in India (excluding inter-bank advances)].
[Notification No. RBI/2023-24/68 DoR.RET.REC.43/12.01.001/2023-24]
