Discontinuation of Stat 5 and Stat 8 returns: banks must use XBRL for NRD-CSR reporting and stop manual filings. Banks maintaining NRD accounts must discontinue submission of Stat 5 and Stat 8 Returns from March 2015 and stop sending both hard and soft copies to the Department of Statistics and Information Management. NRD-CSR reporting has been migrated to and stabilised on the XBRL platform, which will be the operative mechanism for NRD data submission. The direction is issued under FEMA statutory authority and is without prejudice to permissions or approvals required under other laws.
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Provisions expressly mentioned in the judgment/order text.
Discontinuation of Stat 5 and Stat 8 returns: banks must use XBRL for NRD-CSR reporting and stop manual filings.
Banks maintaining NRD accounts must discontinue submission of Stat 5 and Stat 8 Returns from March 2015 and stop sending both hard and soft copies to the Department of Statistics and Information Management. NRD-CSR reporting has been migrated to and stabilised on the XBRL platform, which will be the operative mechanism for NRD data submission. The direction is issued under FEMA statutory authority and is without prejudice to permissions or approvals required under other laws.
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