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Corporate Laws Central Ministry of Finance International Financial Services Centres Authority Act, 2019

IFSCA issues the Additional Directions for Reporting of Transactions for India's External Account Statistics

11-Nov-2025 | e.File No. IFSCA-FMPP0BR/13/2023-Banking

IFSCA has issued a circular regarding the additional directions for reporting transactions in Banking Asset Liability (BAL) statement, effective from 11th November 2025. Through this circular, the balances in foreign currency accounts of overseas banks maintained with IFSC Banking Units under Vostro accounts (A foreign bank's account held with a domestic bank) shall be reported in the BAL statement fortnightly starting from the second fortnight of November 2025. Only one net balance (credit or debit) should be reported. Earlier, only the foreign currency balance in their Nostro accounts (A domestic bank's account held with a foreign bank) was reported in the BAL statement. Kindly refer to the attached document for more information.

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