Please refer to Regulation R-3 of Prudential Regulations for Microfinance Banks (MFBs), wherein MFBs are required to submit bi-weekly (fortnightly) statement of affairs to ‘Off-Site Supervision & Enforcement Department (OSED) – State Bank’ within seven days .
It has now been decided to acquire the subject data as per weekly Reporting Chart of Accounts (RCOA) format online through SBP’s Data Acquisition Portal (DAP). Accordingly, MFBs are advised to submit bi-weekly statement through DAP for the reporting period 8 th May, 2015 and onwards, within seven days of the close of the period to which it relates.
As part of the parallel run, MFBs will continue to submit bi-weekly statements in printed form as per existing timelines till June end 2015.
All other instructions on the subject remain unchanged.
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