Post PMC fraud RBI has written a letter to the Chief Executive Officers of Primary (Urban) Co-operative Banks, State Co-operative Banks and District Central Co-operative Banks seeking revision in Proforma and Reporting of Bank / Branch details under the Central Information System for Banking Infrastructure (CISBI).
“Consistent with the needs of branch licencing and financial inclusion policies as well as the need for requisite coverage of additional dimensions / features, a new reporting system, viz., Central Information System for Banking Infrastructure (CISBI) (https://cisbi.rbi.org.in), has been web-deployed to replace the legacy MOF system”, writes RBI.
Under the new system, all co-operative banks are required to submit their information in a single Proforma (Annex-I) online on CISBI portal, as compared with the earlier system of submitting Proforma-I & Proforma-II separately through e-mail. The instructions for submission of new Proforma online are given in Annex-II. All the past information reported by banks has been migrated to CISBI and additional information should be reported in CISBI henceforth. The CISBI portal contains the relevant circulars, user manuals and other relevant documents to facilitate reporting, RBI letter reads.
All co-operative banks should submit immediately and in any case not later than one week, the information relating to opening, closure, merger, shifting and conversion of bank branches / offices / NAIOs / CSPs online through CISBI portal, it directs.