CAPITAL REQUIREMENT (MCR)
banks are submitting their half-yearly MCR returns in terms
of our BSD Circular # 05 dated March 25, 2003.
has been decided that the banks, instead of submitting half
yearly MCR statements, hence forth, will submit these statements
on quarterly basis. These four quarterly MCR statements
may be un-audited and will have to be submitted on the prescribed
format within one month of the close of respective quarter
throughout the year. In addition to it, the banks will also
submit their Annual MCR statement, duly certified by their
external auditors, not later than three months of the close
of the year.
the 1st MCR statement for the quarter ending September 30,
2003 should be received at this Department not later than
November 30, 2003.
other instructions on the subject shall, however, remain