The Reserve Bank of India (RBI) has launched the 2021-22 round of its annual survey on “Foreign Liabilities and Assets of Mutual Funds and Asset Management Companies”, the central bank said in a statement

The survey collects information from Mutual Fund Companies and Asset Management Companies on their external financial liabilities and assets at the end of March of the latest financial year.

Survey results are released into the public domain, except for being used for the compilation of balance of payments data and other uses.

Asset Management Companies (AMCs) are required to submit the Annual Return on Foreign Liabilities and Assets (FLAs) online by July 15, 2022, through a web-based portal.

In addition, Mutual Fund Companies are required to fill up the survey schedule, which is available on the RBI website in both Hindi and English formats, and sent through e-mail by July 15, 2022, the statement said.

RBI imposes monetary penalty on Punjab and Sind Bank

The Reserve Bank of India (RBI) on June 3 imposed a monetary penalty of Rs 27.50 lakh on Punjab and Sind Bank, for non-compliance with certain directions of the central bank

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers,” RBI said in a statement.