Common Equity Tier 1 Review: due date and penalty
Also searched as: NBFC-UL-CET1
An Upper Layer NBFC must maintain Common Equity Tier 1 capital of at least 9% of risk weighted assets. The ratio is held at all times and reported in DNBS03; the Directions set no quarterly review with a date, so Lawzer no longer raises one.
When it is due
30th, 1 month after quarter end — no longer owed for periods from 2026-07-01
If it is late: A breach must be reported immediately and invites supervisory action
- Due
- 30th, 1 month after quarter end — no longer owed for periods from 2026-07-01
- Frequency
- Quarterly
- If it lapses
- A breach must be reported immediately and invites supervisory action
- Statutory reference
- Para 6, Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Directions 2025
Where this date comes from
- The instrument
- Para 6, Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Directions 2025
- The authority
- Reserve Bank of India
Mallah Software Services Private Limited has not independently verified this against the gazette. The citation above is the instrument this date is taken from, and it is exact enough for a professional to check. Inside Lawzer a company secretary or chartered accountant can record that they have checked it, against the rule as it read on the day — and that record is withdrawn automatically if the rule later changes. A date nobody has checked says so.
Who has to file it
Every one of these has to hold before Common Equity Tier 1 Review binds an entity:
- RBI-registered NBFC
- Upper Layer (NBFC-UL) and Top Layer (NBFC-TL)
- Usually owned by:
- Accountant
- Typical effort:
- 4 hours
Common questions
- What is the due date of Common Equity Tier 1 Review?
- 30th, 1 month after quarter end — no longer owed for periods from 2026-07-01.
- Who has to file Common Equity Tier 1 Review?
- It applies to RBI-registered NBFC and Upper Layer (NBFC-UL) and Top Layer (NBFC-TL).
- What is the penalty for filing Common Equity Tier 1 Review late?
- A breach must be reported immediately and invites supervisory action
This is the standing statutory position. The government extends deadlines often, and an extension is not reflected here until the rule is updated. Mallah Software Services Private Limited is a software company and not a firm of company secretaries or chartered accountants — nothing here is legal, tax or secretarial advice. Confirm the date with your professional before relying on it. See the Professional Disclaimer.