RBI issued a notification regarding Rupee Drawing Arrangement Submission of statement/return on the CIMS Portal

Dec 25, 2023 | by TeamLease RegTech Legal Research Team

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Finance & Taxation ComplianceThe Reserve Bank of India (RBI) on December 21, 2023, issued a notification regarding Rupee Drawing Arrangement - Submission of statement/return on CIMS Portal.

It has now been decided that with effect from December 26, 2023, submission of the above-mentioned statement through the XBRL site will be discontinued and shifted to the Centralized Information Management System (CIMS), which is the Bank’s new data warehouse. AD Category – I banks have already been onboarded on the CIMS portal and are currently submitting the return on the XBRL site as well as the CIMS portal. The statement has been assigned return code - ‘R129’ on the CIMS portal.

FED Master Direction No. 18/2015-16 dated January 1, 2016, is being updated to reflect the changes.

[Notification No. RBI/2023-24/95]


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