Page 59 - Banking Finance April 2025
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RBI CIRCULAR
RBI
CIRCULAR
Reporting and Accounting of Central Govern- another for April transactions during the first 10 days
ment transactions for March 2025 of April 2025. The Nodal/Focal Point branches should
also ensure that all transactions (revenues/tax collec-
February 28, 2025 tions/payments) at the receiving branches up to
March 31, 2025 are effected in the accounts for the
1. Please refer to Circular DGBA.GBD.No.S1217/42-01-
current financial year itself and are not mixed up with
029/2023-2024 dated March 13, 2024 advising the
the transactions of April 2025. Also, while reporting
procedure to be followed for reporting and account- transactions pertaining to March 2025 up to April 10,
ing of Central Government transactions including Cen- 2025, the transactions of April 2025 should not be
tral Board of Direct Taxes, Central Board of Indirect
mixed up with the residual transactions relating to
Taxes and Customs, Departmentalized Ministries and March 2025.
Non-Civil Ministries at the Receiving/Nodal/Focal Point
branches of your bank for the Financial Year 2023-24. 4. Kindly issue necessary instructions in the matter to
your branches concerned immediately.
2. The Government of India has decided that the date of
closure of residual transactions for the month of Exposures of Scheduled Commercial Banks
March 2025 be fixed as April 10, 2025. In view of the
ensuing closing of Government accounts for the finan- (SCBs) to Non-Banking Financial Companies
cial year 2024-25, receiving branches including those (NBFCs) Review of Risk Weights
not situated locally, should adopt special arrange- February 25, 2025
ments such as courier service etc., for passing on
1. In terms of Paragraph 2.B of the circular Regulatory
challans/scrolls etc., to the Nodal/Focal Point measures towards consumer credit and bank credit to
branches so that all payments and collections made
NBFCs dated November 16, 2023, the risk weight on
on behalf of Government towards the end of March the exposures of SCBs to NBFCs1 was increased by 25
are accounted for in the same financial year. These percentage points (over and above the risk weight as-
instructions regarding special messenger arrange- sociated with the given external rating) in all cases
ments may please be informed to all branches con- where the extant risk weight as per external rating of
cerned. NBFCs was below 100 per cent.
3. As regards reporting of March 2025 transactions by 2. On a review, it has been decided to restore the risk
Nodal/Focal Point branches in April 2025, the branches weights applicable to such exposures and the same
may be advised to follow the procedure as outlined in shall be as per the external rating, as specified in
the Annex. To sum up, the Nodal/Focal Point branches Paragraph 5.8.1 of the Master Circular Basel III
will be required to prepare separate set of scrolls, one Capital Regulations dated April 1, 20242, as amended
pertaining to March 2025 residual transactions and from time to time.
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