• Own preparation, review, and submission of RBI returns, including but not limited to:
NBS-1, NBS-2, NBS-7
Statutory returns and ad-hoc RBI data requests
CKYC / CRILC data validation (from finance perspective)
• Ensure data consistency across RBI returns, financials, and MIS.
• Track and implement changes in RBI guidelines impacting reporting.
• Act as primary SPOC for RBI inspections on reporting and data matters.
Revenue Assurance & Income Integrity
• Ensure correct interest income recognition in line with:
Loan terms
Ind-AS / NBFC norms
RBI income recognition guidelines
• Validate:
Interest accruals
Penal interest
Processing fees and other charges
• Identify and plug revenue leakages due to system issues, incorrect configurations, or
operational lapses.
Reconciliations & Data Controls
• Oversee critical reconciliations impacting revenue:
LMS vs GL
Bank collections vs system postings
Fee income and interest reversals
• Ensure maker-checker controls and exception tracking.
• Partner with accounting team for timely resolution of breaks (without owning book
closure).
System & Product Controls
• Work with tech/product teams to:
• Validate LMS configurations for interest, EMI schedules, and charges.
• Ensure correct treatment for restructures, pre-closures, moratoriums, NPAs.
• Participate in UAT for current products or system changes impacting revenue or reporting.Role & responsibilities