The RBI has mandated that all scheduled commercial banks report relief measures related to natural calamities via the Centralised Information Management System (CIMS) portal. This initiative improves the monitoring and management of disaster response funding.
RBI Introduces Reporting for Natural Calamities Through CIMS Portal
The Reserve Bank of India (RBI) has launched a requirement for all scheduled commercial banks to report their relief measures in areas affected by natural calamities through the Centralised Information Management System (CIMS) portal. This initiative aims to streamline the response activities and improve transparency surrounding the allocation of funds for disaster relief.
The communication from the RBI has been directed to a wide array of banking entities, emphasizing the need for all stakeholders to provide accurate and timely reports. The introduction of the half-yearly returns will help in maintaining an updated overview of the financial assistance provided to affected regions.
Practitioners in compliance need to be aware of these new reporting mechanisms, as they represent a critical component of regulatory oversight in managing funds dispensed during humanitarian crises. Legal compliance concerning timely reporting will be essential in avoiding regulatory penalties.
Citations
- RBI Circular No. 250 (2026) RBI Notification
