EC No. 44 / DoS – 06 /2022
28 March 2022
Ref.No.NB.DoS.HO/OSS/ 4826 /P.63/2021-22
Managing Director / CEO, All State Cooperative Banks,
Managing Director / CEO, All District Central Cooperative Banks
Dear Sir / Madam
Offsite Surveillance System – Revision of Due Dates for Submission of OSS/FMS Returns
Please refer to our circular No. NB.DoS.HO/OSS/3769/P.63/2014-15 dated 04 March 2015 on the captioned subject indicating about various statutory returns, their periodicity of submission and due dates. Keeping in view the need to make the process more user-friendly, the system of submitting the OSS Returns was revised by NABARD in 2015 and introduced a Web portal (ENSURE) for electronic submission of returns. The system has been stabilised and NABARD has been obtaining OSS returns at prescribed intervals from Supervised Entities (SEs) for fulfilling its statutory responsibilities.
2. Over the last six years, there have been significant developments in the field of technology adoption by the Supervised Entities (SEs) and a large number of deterrents in submission of timely and accurate data have since been addressed effectively. It is acknowledged that adoption of Core Banking Solutions (CBS) and other related technologies at SEs level and stabilization of ENSURE portal at NABARD, have enhanced the capabilities of banks to submit timely and accurate data to NABARD.
3. Government of India vide Gazette Notification No. DL—(N) 04/0007/2003—20 dated 29 September 2020 has amended the B R Act, 1949. Prior to the amendment, Cooperative banks were required to publish the accounts and balance sheet in the prescribed manner and furnish them as returns to RBI and NABARD within a period of six months from the period to which they relate. Post amendment, Cooperative banks are required to furnish the information within three months from the period to which they relate.
4. Accordingly, it has been decided to revisit the timelines for submission of OSS returns by the SEs, which would, inter alia, enable to improve the efficacy of analysing the performance of SEs in a systematic and timely manner. We advise all State Cooperative Banks and District Central Cooperative Banks to submit the OSS/FMS returns as per the revised due dates and the revised dates would be effective from the quarter ending 31 March 2022 onwards. The details of OSS/FMS returns are as under:
| Sr. No |
Return No |
Name of the Return |
Periodicity |
| OSS Returns |
| 1 |
OSC 1 |
Statement on Assets and Liabilities |
Quarterly |
| 2 |
OSC 2 |
Statement on Earnings |
Quarterly |
| 3 |
OSC 3 |
Statement on Segment/Sector wise Advances |
Quarterly |
| 4 |
OSC 4 |
Statement on Asset Quality |
Quarterly |
| 5 |
OSC 5 |
Statement on NPAs, OTS, write-off and large advances |
Quarterly |
| 6 |
OSC 6 |
Statement on Management |
Yearly |
| 7 |
OSC 7 |
Statement on CRAR |
Yearly |
| 8 |
OSC 8 |
Statement on Bank Profile |
Yearly |
| 9 |
OSC 9 |
Statement on Demand, Collection, and Balance |
Yearly, as on 30 June |
| 10 |
OSC 10 |
Statement on Qualitative Indicators |
Quarterly |
| Returns on Frauds and Dacoity |
| 1 |
FMS 1 |
Report on actual/ suspected frauds detected during the Reporting Period |
Event based |
| 2 |
FMS 2 |
Frauds Outstanding and all New cases of frauds |
Quarterly |
| 3 |
FMS 3 |
Progress in disposal of all Fraud cases |
Quarterly |
| 4 |
FMS 4 |
Report on Dacoities/ Robberies/ Theft/ Burglaries occurred during the quarter |
Quarterly |
| 5 |
FMS 4.a |
Immediate Report on Dacoities/ Robberies/ Theft/ Burglaries occurred |
Event based |
| 6 |
VINFRA |
Vulnerability Index on Frauds (VINFRA) |
Yearly |
5. Due date for submitting various returns are mentioned below.
| Return |
Quarter |
Period ending |
Due Date |
| OSS Returns |
| OSC 1 to 5 & 10 |
June |
30-Jun |
31-Jul |
| September |
30-Sep |
31-Oct |
| December |
31-Dec |
31-Jan |
| March (Unaudited) |
31-Mar |
30-Apr |
| March (Audited) |
31-Mar |
30-Jun |
| OSC 6 |
Annual |
31-Mar |
30-Jun |
| OSC 7 |
Annual |
31-Mar |
30-Jun |
| OSC 8 |
Annual |
31-Mar |
30-Jun |
| OSC 9 |
Annual |
30-Jun |
31-Jul |
| FMS Returns |
| FMS -1 |
Event Based – within three weeks from date of detection |
| FMS 2 to 4 |
June |
30-Jun |
31-Jul |
| September |
30-Sep |
31-Oct |
| December |
31-Dec |
31-Jan |
| March |
31-Mar |
30-Apr |
| FMS -4a |
Event Based – Immediate reporting |
| VINFRA |
March |
31-Mar |
30-Jun |
6. The SE may study the revision in timelines for submission of OSS/FMS returns and make suitable changes/improvements in its internal MIS so that all the required data/information is available at its Head Office for submission of these returns within the prescribed due dates.
7. The OSS / FMS returns are prescribed by NABARD in exercise of the powers conferred under Section 27(3) of Banking Regulation Act, 1949 / AACS and are hence statutory in nature. All banks are, therefore, advised to ensure submission of these returns as per the schedule prescribed without fail. Non-submission of or wrong reporting in these returns attracts penalties as specified in the Act.
8. Please acknowledge the receipt of this circular to our Regional Office concerned.
Sincerely
(KS Raghupati)
Chief General Manager