Reconcile every RBI return line to source data

Before each RBI return is filed, reconcile every line to signed source figures from Finance, Risk and Operations, with an independent second review. Regulatory Reporting can resolve differences before the authorised signatory approves submission and keep the evidence for inspection.

What this SOP does

Before each RBI return is filed, every line is tied to Finance, Risk and Operations source schedules, differences are resolved, maker-checker evidence is kept, and an authorised officer submits through the prescribed route.

People in the process

RRegulatory ReportingProcess Owner
FFinanceParticipating Team
RRiskParticipating Team
OOperationsParticipating Team
AAuthorised SignatoryParticipating Team

The process is a starting point. The standards are yours.

Configure for the bank or lender’s category, permissions and applicable RBI directions. Outsourcing, customer conduct, recovery and reporting controls use the institution’s approved interpretation and delegated authority.

Keep the work connected.

Legal Recoveries

Choose SARFAESI, DRT or IBC from one enforcement file

When a loan defaults, bring the loan history, executed documents, security, certified statement of account, valuations and disputes into one account file. Legal Recoveries can confirm enforceability and limitation, and the recovery committee can choose the route before any notice issues.

CCRR

Legal Disputes

Defend borrower lawsuits from one approved fact record

When a borrower sues or escalates, reconcile signed terms, account statements, complaint history, notices and staff accounts into one approved fact record. Legal Disputes can track every filing deadline and counsel can plead consistent positions across consumer, civil and DRT forums.

OCE

Recoveries

Release security only after the settlement is fully paid

Track each one-time settlement instalment against the sanctioned amount, schedule and conditions before closing the loan account. Recoveries can withdraw pending cases, release security, return original documents and issue the no-dues certificate only once every term is met.

FLC

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