RBI Asks FIs To Submit Liquidity, Rate Gap Details

Mumbai, July 30: | Updated: Jul 31 2003, 05:30am hrs
The Reserve Bank of India (RBI) has asked financial institutions (FIs) to submit data regarding liquidity and interest rate gaps as part of the extant off-site surveillance system (asset-liability management or ALM).

Accordingly, banks have been asked to submit a hard copy, along with a soft copy (as a MS-Excel file) in a floppy diskette, of the Liquidity Statement and the Interest Rate Sensitivity Statement, prepared in terms of the RBI guidelines, at quarterly intervals, with effect from the quarter ended June 30, 2003, RBI said in a notification to CEOs of term-lending and refinance institutions.

The report is to reach RBI within 30 days of the end of the calendar quarter to which the reports relate.