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of <h1>Regulatory Authority Extends Submission Deadlines for Banks by 30 Days Due to COVID-19; Statutory Returns Unaffected.</h1> The regulatory authority has extended the deadlines for submitting various regulatory returns by up to 30 days due to COVID-19 disruptions. This extension applies to returns due until June 30, 2020, for scheduled commercial banks, regional rural banks, small finance banks, payments banks, local area banks, all India financial institutions, and co-operative banks. However, statutory returns under specific acts remain unaffected by this extension. Entities capable of submitting returns earlier are encouraged to continue doing so. Communication with the Department of Regulation should be conducted via corporate email to minimize physical paperwork until further notice.
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