{
 "name": "BankPulse — consolidated RBI/banking FAQ feed",
 "generated_at": "19 Jun 2026, 18:30 IST",
 "generated_at_iso": "2026-06-19T18:30:12.455008+05:30",
 "dateModified": "2026-06-19T18:30:12.455008+05:30",
 "count": 4276,
 "with_official_source": 4276,
 "source_pages": 1602,
 "description": "Every plain-English FAQ question/answer pair rendered across BankPulse (RBI circulars, live data dashboards, Master Direction crosswalk families and the banking glossary), consolidated into one machine-readable feed for AI answer engines. Each item carries the source page on bankpulse.ai (which links the official rbi.org.in source) and the reviewer attribution. Not affiliated with the RBI.",
 "hub": "https://bankpulse.ai/",
 "reviewer": "Vikram Jain",
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "faqs": [
  {
   "question": "Are AA/DFIA imports subject to the 20:80 scheme?",
   "answer": "No, imports under AA/DFIA are outside the 20:80 scheme. They must be accounted for separately and do not entitle the nominated agency to any further imports.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-493/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8745&Mode=0"
  },
  {
   "question": "Are actions taken under the old 2025 directions still valid?",
   "answer": "Yes, any actions, approvals, or acknowledgments under the repealed 2025 directions continue to be governed by those provisions and remain valid.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-235/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13322&Mode=0"
  },
  {
   "question": "Are AD banks directly affected by this Master Direction?",
   "answer": "Yes. RBI reiterates that AD banks must ensure their systems prevent FEMA contraventions. Under Section 11(3) of FEMA, RBI can impose penalties on authorized persons for non-compliance with directions or failure to file returns.",
   "page": "https://bankpulse.ai/c/rbi-fed-2025-26-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12839&Mode=0"
  },
  {
   "question": "Are AD Category-I banks required to update any existing master directions?",
   "answer": "Yes, the Master Direction on LRS is being updated to reflect these changes, and banks must ensure compliance with all terms and reporting requirements.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12029&Mode=0"
  },
  {
   "question": "Are advances against these deposits still excluded from Adjusted Bank Credit for priority sector lending?",
   "answer": "Yes, advances extended in India against the eligible incremental deposits that qualify for CRR/SLR exemption will remain excluded from Adjusted Bank Credit until repayment.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-639/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8938&Mode=0"
  },
  {
   "question": "Are agency banks eligible for commission on stamp duty collected as franking vendors?",
   "answer": "No, if the bank acts as a Franking Vendor and collects stamp duty from the public, it is not eligible for agency commission, as the State Government pays separate commission for that role.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12651&Mode=0"
  },
  {
   "question": "Are agricultural advances exempt from monthly interest rests?",
   "answer": "Yes, agricultural advances are exempt. For long duration crops, interest must be charged annually; for short duration crops and allied activities, banks can align with due dates based on harvesting seasons.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-283/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13022&Mode=0"
  },
  {
   "question": "Are all banks required to follow the same level of sophistication?",
   "answer": "No, RBI expects the degree of sophistication to be commensurate with the bank's nature, scope, scale, and complexity. Annex 3 classifies banks into three groups based on size to guide the approach.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-390/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8605&Mode=0"
  },
  {
   "question": "Are all branches required to stay open till 8 PM on March 29 and 31?",
   "answer": "No, only designated branches conducting government business at locations where March 31 is not a public holiday must keep counters open till 8 PM.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-535/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8790&Mode=0"
  },
  {
   "question": "Are all NBFCs treated equally under this circular?",
   "answer": "No, the Annex specifies applicability based on NBFC layers under Scale Based Regulation, with higher layers facing more requirements.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12292&Mode=0"
  },
  {
   "question": "Are all other guidelines from the June 2012 circular still valid?",
   "answer": "Yes. Only the specific sentence about WLAO cash access has been withdrawn. All other instructions in the original circular remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-372/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8574&Mode=0"
  },
  {
   "question": "Are all UCBs required to have a Board of Management?",
   "answer": "No, only UCBs with deposit size of Rs.100 crore or more must constitute a Board of Management. Salary earners' banks are exempt from this requirement.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12813&Mode=0"
  },
  {
   "question": "Are allied activities like dairy and fisheries covered under the ₹3 lakh limit?",
   "answer": "Yes, but the subvention for allied activities is capped at ₹2 lakh per farmer. The crop loan component gets priority for subvention benefits.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12302&Mode=0"
  },
  {
   "question": "Are allied activities like dairy and fisheries covered under this scheme?",
   "answer": "Yes, short-term loans for allied activities including animal husbandry, dairy, fisheries, and bee keeping are covered, subject to a sub-limit of ₹2 lakh per farmer.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-59/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12717&Mode=0"
  },
  {
   "question": "Are any existing capital adequacy guidelines being replaced?",
   "answer": "No. Only the specific guidelines on capital charge for these exposures are revised; all other guidelines from the July 1, 2013 Master Circular remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-542/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8809&Mode=0"
  },
  {
   "question": "Are any other districts in Assam affected by this change?",
   "answer": "No. RBI has confirmed there is no change in the lead banks of other districts in Assam.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12667&Mode=0"
  },
  {
   "question": "Are any other LAF terms changed?",
   "answer": "No, all other terms and conditions of the LAF scheme remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12831&Mode=0"
  },
  {
   "question": "Are any other LAF terms changing?",
   "answer": "No, all other terms and conditions of the current LAF scheme remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-470/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8718&Mode=0"
  },
  {
   "question": "Are any other parts of the Master Direction also delayed?",
   "answer": "No, only these three provisions have been extended. All other requirements of the Master Direction remain effective from July 1, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12342&Mode=0"
  },
  {
   "question": "Are any other requirements changed besides the timeline?",
   "answer": "No, all other provisions from the October 30, 2024 circular remain unchanged. Only the implementation timeline has been revised.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12841&Mode=0"
  },
  {
   "question": "Are any other terms of the LAF scheme changed?",
   "answer": "No, all other terms and conditions of the LAF scheme remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12331&Mode=0"
  },
  {
   "question": "Are any other terms of the LAF scheme changing?",
   "answer": "No, all other terms and conditions of the existing LAF scheme remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12369&Mode=0"
  },
  {
   "question": "Are any other terms of the Term Repo facility changing?",
   "answer": "No. All other terms and conditions remain unchanged as per the earlier circular dated October 8, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-491/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8743&Mode=0"
  },
  {
   "question": "Are any penalties or legal proceedings under the old directions affected?",
   "answer": "No. Any penalty, forfeiture, punishment, investigation, or legal proceeding incurred under the repealed directions continues as if the old directions were still in force.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-234/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13320&Mode=0"
  },
  {
   "question": "Are ARCs required to follow Ind AS for financial statements?",
   "answer": "Yes, ARCs covered by Rule 4 of the Companies (Indian Accounting Standards) Rules, 2015 must comply with Ind AS for preparation of their financial statements from financial year 2019-20 onwards, as per RBI's March 13, 2020 circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-03/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12267&Mode=0"
  },
  {
   "question": "Are ARCs required to follow Ind AS?",
   "answer": "Only ARCs covered by Rule 4 of the Companies (Indian Accounting Standards) Rules, 2015 must comply with Ind AS for financial statements from FY 2019-20 onwards, as per RBI's March 13, 2020 circular.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-154/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12225&Mode=0"
  },
  {
   "question": "Are bank and NBFC gold-loan rules the same?",
   "answer": "RBI has moved to harmonise valuation, the 75% LTV treatment and fair-conduct norms across banks and NBFCs, though some operational specifics still differ by lender type. Always read the entry that matches your institution.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Are bank loans to HFCs for housing on-lending affected by this extension?",
   "answer": "No, loans to HFCs for housing on-lending continue to be eligible for PSL classification on an ongoing basis as per the Master Direction on PSL dated September 4, 2020, and are not subject to this temporary extension.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12069&Mode=0"
  },
  {
   "question": "Are bank NPAs expected to rise?",
   "answer": "Under the RBI's December 2024 baseline macro-stress test, the system GNPA ratio could edge up to about 3.0% by March 2026 from current lows, while banks remain well above regulatory capital requirements. It is a scenario projection, not a forecast.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Are banks allowed to charge penalties for delays under this circular?",
   "answer": "No, banks are explicitly prohibited from levying any penal charges for delays in adherence to regulatory guidelines for these small-value transactions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12908&Mode=0"
  },
  {
   "question": "Are banks allowed to issue debit cards to minor account holders?",
   "answer": "Yes, banks may offer additional facilities like internet banking, ATM/debit cards, and cheque books to minor account holders, based on their risk management policy, product suitability, and customer appropriateness.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12835&Mode=0"
  },
  {
   "question": "Are banks allowed to provide capital subsidy to SHGs under DAY-NRLM?",
   "answer": "No. The circular explicitly states that no capital subsidy will be sanctioned to any SHG under DAY-NRLM. Only revolving fund and Community Investment Support Fund (CIF) are provided.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12493&Mode=0"
  },
  {
   "question": "Are banks allowed to trade IRF under the new directions?",
   "answer": "No scheduled bank or agency falling under the regulatory purview of the Reserve Bank shall participate in the IRF market until such participation has been permitted by the Reserve Bank.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-402/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8621&Mode=0"
  },
  {
   "question": "Are banks eligible for agency commission on stamp duty collected via franking?",
   "answer": "No, if the bank acts as a Franking Vendor and collects stamp duty from the public, it is not eligible for agency commission because the state government pays it separately. However, if the bank collects stamp duty from a Franking Vendor via challan for credit to the Treasury, it is eligible.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12812&Mode=0"
  },
  {
   "question": "Are banks required to accept all coin denominations?",
   "answer": "Yes, all coins of 50 paise, ₹1, ₹2, ₹5, ₹10, and ₹20 remain legal tender. Branches must accept them for transactions or exchange, and cannot refuse small denomination notes or coins.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12265&Mode=0"
  },
  {
   "question": "Are banks required to comply with host-country laws?",
   "answer": "Yes, banks must ensure compliance with all applicable laws of the host country, city, or locality for property transactions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-559/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8831&Mode=0"
  },
  {
   "question": "Are banks required to exchange mutilated notes for free?",
   "answer": "Yes, all bank branches have delegated powers under the Note Refund Rules, 2009 (as amended) to exchange mutilated/defective notes free of cost. Small Finance Banks and Payment Banks may do so at their option.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12052&Mode=0"
  },
  {
   "question": "Are banks required to exchange notes and coins for non-customers?",
   "answer": "Yes, the Master Direction mandates all bank branches to provide exchange facilities to all members of the public, not just their own customers.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2026-27-395/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13362&Mode=0"
  },
  {
   "question": "Are banks required to issue a cheque book automatically?",
   "answer": "No. The cheque book (minimum 25 leaves per year) must be offered only if the customer requests it, either at account opening or later. Similarly, ATM/debit card and internet/mobile banking are provided on request.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13173&Mode=0"
  },
  {
   "question": "Are banks still required to avoid demanding deposits for government-sponsored schemes for SC/ST borrowers?",
   "answer": "Yes, the circular reiterates that banks must not insist on deposits while considering loan applications under government-sponsored poverty alleviation or self-employment programs for SC/ST borrowers.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-03/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12807&Mode=0"
  },
  {
   "question": "Are benchmark submitters required to participate in polling?",
   "answer": "Yes, once selected by the administrator, submitters must necessarily participate in the polling process and comply with the Code of Conduct.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-565/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8841&Mode=0"
  },
  {
   "question": "Are bullet repayment structures allowed for REIT loans?",
   "answer": "No. The directions prohibit bullet or ballooning repayment structures to avoid disproportionate principal repayment at the end of the loan tenure. However, repayment schedules can be structured in line with projected cash flows.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13478&Mode=0"
  },
  {
   "question": "Are bullet repayment structures allowed?",
   "answer": "No for credit facilities, but the restriction does not apply to exposures through investment portfolio in bonds, debentures, and commercial paper. The directions prohibit bullet or ballooning repayment structures to avoid concentrated principal repayments at the end of the loan tenure. However, repayment schedules can be structured in line with projected cash flows.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13481&Mode=0"
  },
  {
   "question": "Are Card-to-Card transfers still covered under the DMT framework?",
   "answer": "No, Card-to-Card transfers are now excluded and will be governed by separate guidelines or approvals.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12707&Mode=0"
  },
  {
   "question": "Are Cash-in-Transit companies exempt from the current account restrictions?",
   "answer": "Yes, CIT companies and Cash Replenishment Agencies are now explicitly exempt, similar to White Label ATM operators.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12137&Mode=0"
  },
  {
   "question": "Are CGTMSE-guaranteed advances considered secured or unsecured for disclosure?",
   "answer": "Advances covered by CGTMSE, CRGFTLIH, or NCGTC with explicit Central Government guarantee must be disclosed under 'Advances Covered by Bank/Government Guarantee' (Schedule 9 B ii), not as unsecured advances.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-126/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12793&Mode=0"
  },
  {
   "question": "Are charitable donations still prohibited under RDAs?",
   "answer": "Yes, the circular explicitly states that under no circumstances should donations or contributions to charitable institutions be routed through Exchange Houses. This restriction remains unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-438/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8683&Mode=0"
  },
  {
   "question": "Are co-operative banks required to follow the same format as commercial banks?",
   "answer": "The direction applies to both commercial and co-operative banks. Commercial banks must follow the Forms set out in the Third Schedule of the Banking Regulation Act, 1949 (reproduced in Annex I). Co-operative banks must follow the Forms set out in the Third Schedule as substituted by clause (zl) of section 56 of the Act.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12158&Mode=0"
  },
  {
   "question": "Are commercial borrowers also covered under this rule?",
   "answer": "No, the prohibition is specifically for loans sanctioned to individual borrowers. Loans to commercial entities are not covered by this circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-612/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8905&Mode=0"
  },
  {
   "question": "Are contributions to entities other than NABARD, NHB, SIDBI, and MUDRA also covered?",
   "answer": "Yes, the circular includes contributions to any other entity specified by RBI, as per the Master Direction on PSL.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12862&Mode=0"
  },
  {
   "question": "Are cooperative banks affected by this change?",
   "answer": "No, cooperative banks continue to follow extant dividend instructions without modification.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12077&Mode=0"
  },
  {
   "question": "Are customers liable for using credit cards for forex trading on overseas portals?",
   "answer": "Yes, any resident Indian collecting or remitting payments for overseas forex trading through electronic/internet portals is liable for contravention of FEMA and violation of KYC/AML norms.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-265/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8427&Mode=0"
  },
  {
   "question": "Are DBT/EBT beneficiary accounts exempt from being frozen due to KYC pendency?",
   "answer": "No, but RBI directs banks to take an empathetic view and facilitate activation for such accounts, as they belong to underprivileged sections. Banks must segregate these accounts to ensure uninterrupted credit of benefits.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12750&Mode=0"
  },
  {
   "question": "Are debt instruments from physical CDS settlement subject to normal FPI investment limits?",
   "answer": "Yes, they count toward corporate bond investment limits, but are exempt from minimum residual maturity, short-term, concentration, and single/group investor limits.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-155/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12227&Mode=0"
  },
  {
   "question": "Are deposit interest rates set by RBI?",
   "answer": "Banks are largely free to set deposit rates within a transparent, board-approved policy and non-discrimination rules, rather than RBI fixing each rate. Some structural conditions and reporting still apply.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Are digital payment transactions counted as withdrawals in BSBD accounts?",
   "answer": "No, digital payment transactions like UPI, NEFT, RTGS, and IMPS are not counted as withdrawals. Only ATM transactions and other withdrawals count toward the monthly free limit of four.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13174&Mode=0"
  },
  {
   "question": "Are digital payment transactions counted as withdrawals under the free monthly limit?",
   "answer": "No, digital payment transactions like UPI, NEFT, RTGS, and IMPS (excluding ATM transactions) are excluded from the monthly withdrawal limit of four free transactions. Only ATM withdrawals and other transfers count toward this limit.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13178&Mode=0"
  },
  {
   "question": "Are digital transactions counted in the 4 free withdrawals per month?",
   "answer": "No. Digital payment transactions like UPI, NEFT, RTGS, IMPS, and Point of Sale transfers are excluded from the withdrawal count.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13175&Mode=0"
  },
  {
   "question": "Are DLG arrangements considered synthetic securitisation?",
   "answer": "No, DLG arrangements that conform to these guidelines will not be treated as synthetic securitisation or loan participation, as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12514&Mode=0"
  },
  {
   "question": "Are DSA sub-agents now directly regulated by RBI?",
   "answer": "Yes. The directions apply the same compliance obligations to DSA/DMA sub-agents as to primary agents. UCBs must ensure sub-agents adhere to all responsible business conduct rules.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13490&Mode=0"
  },
  {
   "question": "Are e-commerce marketplaces that use a separate PA affected by this rule?",
   "answer": "Yes, but only if they are directly undertaking payment aggregation. If they use a separate PA, they are treated as merchants and must ensure their PA complies with the storage ban.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12050&Mode=0"
  },
  {
   "question": "Are ECS mandates legally as strong as cheques for dishonour cases?",
   "answer": "Yes. Section 25 of the Payment and Settlement Systems Act, 2007 provides the same rights and remedies for dishonour of electronic fund transfer instructions due to insufficient funds as Section 138 of the Negotiable Instruments Act, 1881 does for cheques.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-359/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8555&Mode=0"
  },
  {
   "question": "Are exchange-traded currency derivatives covered under the new framework?",
   "answer": "Yes. The Directions incorporate the Currency Futures and Exchange Traded Currency Options Directions into the Master Direction, consolidating all FX derivative rules.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12594&Mode=0"
  },
  {
   "question": "Are existing 14-year and 30-year G-Secs under FAR still tradable?",
   "answer": "Yes, existing stocks already classified as specified securities under FAR continue to be available for non-resident investment in the secondary market.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-56/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12712&Mode=0"
  },
  {
   "question": "Are existing ATMs required to be converted to talking ATMs?",
   "answer": "Yes, banks must lay down a road map for converting existing ATMs to talking ATMs with Braille keypads, as advised in the 2009 circular, and the board should review progress periodically.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-637/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8936&Mode=0"
  },
  {
   "question": "Are existing borrowers with exposure below ₹5 crore affected?",
   "answer": "No, the mandate applies only to non-individual borrowers with aggregate exposure of ₹5 crore and above. Lower exposures are not covered.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-34/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12301&Mode=0"
  },
  {
   "question": "Are existing debit cards issued under the 2013 GCC Scheme still valid?",
   "answer": "Yes, they remain valid until their expiry or until the repayment of the existing credit facility, whichever is earlier. No new debit cards can be issued under the old scheme.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-19/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12492&Mode=0"
  },
  {
   "question": "Are exporters under PLI schemes eligible for this scheme?",
   "answer": "No, the extended scheme explicitly excludes beneficiaries who are availing benefits under any Production Linked Incentive (PLI) scheme.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-180/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12252&Mode=0"
  },
  {
   "question": "Are hard copy returns still accepted?",
   "answer": "No. RRBs must submit Form A and Form VIII only in electronic form on the CIMS portal using digital signatures of two authorized officials.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-151/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13227&Mode=0"
  },
  {
   "question": "Are HFC on-lending arrangements affected by this circular?",
   "answer": "No, bank loans to HFCs for on-lending for housing purposes continue as per existing guidelines and are not impacted by this extension.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12177&Mode=0"
  },
  {
   "question": "Are HFCs now exempt from all provisions of Chapter III B of the RBI Act?",
   "answer": "No. HFCs remain subject to section 45-IA (registration and net owned funds). However, they are now additionally exempt from sections 45-IB (asset maintenance) and 45-IC (reserve fund), though corresponding provisions under the NHB Act (sections 29B and 29C) still apply.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11988&Mode=0"
  },
  {
   "question": "Are hotels with investment below Rs. 200 crore eligible?",
   "answer": "Only hotels with fixed capital investment of Rs. 200 crore and above, or convention centres with Rs. 300 crore and above, or three-star or higher category classified hotels located outside cities with population of more than 1 million are eligible.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-270/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8434&Mode=0"
  },
  {
   "question": "Are Housing Finance Companies (HFCs) and Core Investment Companies (CICs) covered under this amendment?",
   "answer": "Yes. HFCs are explicitly included in the applicability list. CICs are covered for paragraphs 10, 13-15, and paragraph 10 now excludes CICs and HFCs from certain provisions, while paragraph 13 includes them.",
   "page": "https://bankpulse.ai/c/rbi-2026-2027-11/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13370&Mode=0"
  },
  {
   "question": "Are Housing Finance Companies (HFCs) covered under this circular?",
   "answer": "Yes, HFCs registered under Section 29A of the National Housing Bank Act, 1987 are included in the definition of NBFCs.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12823&Mode=0"
  },
  {
   "question": "Are housing loans from UCBs still part of priority sector?",
   "answer": "Yes, housing loans to specified categories up to prescribed limits continue to qualify as priority sector lending, as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12344&Mode=0"
  },
  {
   "question": "Are housing loans to weaker sections still part of priority sector?",
   "answer": "Yes, housing finance to specified categories up to prescribed limits is treated as priority sector lending, consistent with social objectives.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12488&Mode=0"
  },
  {
   "question": "Are importers now allowed to cancel and rebook forward contracts?",
   "answer": "Yes, for the first time, importers are permitted to cancel and rebook forward contracts up to 25% of the contracts booked in a financial year for hedging their import exposures.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-227/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8376&Mode=0"
  },
  {
   "question": "Are inter-escrow transfers between the two accounts allowed?",
   "answer": "Yes, but they should be avoided as far as possible. If done, the auditor's certification must clearly mention such transactions.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-68/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11996&Mode=0"
  },
  {
   "question": "Are investments through fund-of-funds or mutual funds covered by this circular?",
   "answer": "No, investments by REs in AIFs through intermediaries such as fund of funds or mutual funds are not included in the scope of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-140/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12639&Mode=0"
  },
  {
   "question": "Are lenders now fully responsible for losses on P2P platforms?",
   "answer": "Yes, the amended provision clarifies that the entire loss of principal or interest, or both, from funds lent on the platform shall be borne by the lenders. Platforms must make adequate disclosures to this effect.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12721&Mode=0"
  },
  {
   "question": "Are Level I UCBs exempt from all requirements?",
   "answer": "No, Level I UCBs have simplified requirements. They are exempt from currency risk management but must comply with liquidity risk management, including structural liquidity and short-term dynamic liquidity statements.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-285/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13020&Mode=0"
  },
  {
   "question": "Are margin/collateral transfers under CSA/GMRA eligible for VFT?",
   "answer": "Yes, but they require a separate CSGL account opened with RBI's specific permission, and at least one side of the transaction must be an RBI-regulated entity. SGL account holders receiving Variation Margin need one-time RBI approval.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12175&Mode=0"
  },
  {
   "question": "Are mass transit PPIs required to offer interoperability?",
   "answer": "No, PPIs for Mass Transit Systems (PPI-MTS) are exempted from the interoperability mandate.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12094&Mode=0"
  },
  {
   "question": "Are money changing transactions covered under this reporting requirement?",
   "answer": "No, money changing transactions are explicitly excluded and continue to be governed by the Master Direction on Money Changing Activities dated January 1, 2016.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12748&Mode=0"
  },
  {
   "question": "Are most bank branches in rural areas?",
   "answer": "Rural branches are the single largest population group at roughly a third of all branches, but they are not a majority. Semi-urban, urban and metropolitan branches together account for about two-thirds. Banking presence per person is still much higher in metro and urban centres than in rural India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Are MSMEs that already received ₹50 lakh in benefits by September 30, 2024 eligible for further benefits?",
   "answer": "No, such MSMEs are not eligible for any further benefit during the extended period from October 1 to December 31, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12738&Mode=0"
  },
  {
   "question": "Are NBFCs also exempt from seeking approval?",
   "answer": "No, NBFCs and other non-bank entities must still obtain one-time RBI approval before issuing co-branded prepaid instruments.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-590/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8876&Mode=0"
  },
  {
   "question": "Are NBFCs subject to the same conduct rules as banks?",
   "answer": "Many fair-practices, digital-lending and grievance-redress principles apply across both, but capital and structural rules differ by layer. Always read the NBFC-specific entry.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Are NEFT and RTGS available on March 31 for government transactions?",
   "answer": "Yes, NEFT and RTGS will continue to operate until 2400 hours on March 31, 2023, for government transactions.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-186/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12462&Mode=0"
  },
  {
   "question": "Are NEFT, RTGS and IMPS available 24x7?",
   "answer": "Yes. NEFT has been available round the clock since December 2019 and RTGS since December 2020. IMPS has been a 24x7 instant service since its launch. So all three core fund-transfer systems now operate 24 hours a day, every day.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Are new transactions using MIFOR also banned?",
   "answer": "Yes. MIFOR, which depends on US$ LIBOR, will cease publication after June 30, 2023. Banks must ensure no new transactions by themselves or their customers are priced using MIFOR. Only ARRs like SOFR or MMIFOR should be used.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12503&Mode=0"
  },
  {
   "question": "Are non-fund based facilities included in the aggregate exposure?",
   "answer": "Yes, the aggregate exposure includes both fund-based and non-fund based facilities from all lending institutions to the MSME borrower.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12105&Mode=0"
  },
  {
   "question": "Are non-scheduled payments banks fully exempt from these directions?",
   "answer": "No, they are exempt only from Chapter VII (Appointment of CRO) and Chapter VIII (Appointment of CFO and CTO). All other chapters, including board constitution, director fit-and-proper criteria, committees, and remuneration norms, apply fully.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-209/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13099&Mode=0"
  },
  {
   "question": "Are normal clearing timings affected on March 31?",
   "answer": "No, normal clearing timings for a Friday will be followed. The special clearing is an additional session exclusively for government cheques.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-190/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12466&Mode=0"
  },
  {
   "question": "Are NRI deposits part of India's external debt?",
   "answer": "Yes. NRI deposits are counted within India's external debt because they are liabilities owed to non-residents. They sit alongside external commercial borrowings, short-term trade credit and multilateral and bilateral loans in the external-debt composition, recently around $160 billion of the total.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Are NRO deposits also covered under this relaxation?",
   "answer": "No, the relaxation explicitly does not apply to Ordinary Non-Resident (NRO) deposits.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12350&Mode=0"
  },
  {
   "question": "Are only the two individuals listed in the circular affected?",
   "answer": "No. The circular mentions four entries were amended (TAi.002, TAi.024, TAi.026, TAi.147). The source text provides details for all four; you must obtain the full updated list from the UNSC press release or MEA communication.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13371&Mode=0"
  },
  {
   "question": "Are Payments Banks and Regional Rural Banks covered by this circular?",
   "answer": "No, the circular explicitly excludes Payments Banks and RRBs from its application.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-121/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12189&Mode=0"
  },
  {
   "question": "Are Payments Banks and RRBs covered under this circular?",
   "answer": "No, the circular explicitly excludes Payments Banks and Regional Rural Banks from its application.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12276&Mode=0"
  },
  {
   "question": "Are payments banks subject to any additional disclosure requirement?",
   "answer": "Yes, payments banks must also disclose items under 'Commission, Exchange and Brokerage' that exceed one per cent of total income.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-155/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12426&Mode=0"
  },
  {
   "question": "Are penal charges on personal loans capped?",
   "answer": "RBI reframed penal levies as 'penal charges' rather than penal interest, requiring them to be reasonable, non-compounding and clearly disclosed. The precise framing is in the circular linked below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Are penalties for mutilated notes different from counterfeit notes?",
   "answer": "Yes. For mutilated notes, the penalty is ₹50 per piece regardless of denomination, plus recovery of loss. Counterfeit note penalties follow separate instructions issued by RBI's DCM (FNVD) department.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-03/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12054&Mode=0"
  },
  {
   "question": "Are personal loans affected by this amendment?",
   "answer": "Yes. 'Personal Loans' are redefined per Banking Statistics (Harmonised Definitions) but exclude loans for investments in financial assets. This may impact how NBFCs classify and report personal loans under these Directions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-179/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13255&Mode=0"
  },
  {
   "question": "Are phased-out series notes still legal tender?",
   "answer": "Yes, unless specified otherwise, but they are considered unfit for reissue. Machines must sort them as unfit regardless of physical condition.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12347&Mode=0"
  },
  {
   "question": "Are pre-2005 banknotes still legal tender after March 31, 2014?",
   "answer": "Yes, they remain legal tender even after March 31, 2014, but must be exchanged at bank branches instead of being used directly for transactions.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-467/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8715&Mode=0"
  },
  {
   "question": "Are pre-2005 banknotes still legal tender?",
   "answer": "Yes, they remain legal tender and can be used for transactions or payments until the new deadline of January 1, 2015.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-509/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8761&Mode=0"
  },
  {
   "question": "Are preference share dividends also banned under this circular?",
   "answer": "The circular explicitly mentions 'dividend payment on equity shares'. It does not address preference shares, but banks should consult RBI guidelines for any related restrictions.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12003&Mode=0"
  },
  {
   "question": "Are private banks gaining market share from public sector banks?",
   "answer": "Yes. Over the past decade Private Sector Banks have steadily gained share of both deposits and credit at the expense of Public Sector Banks, though PSBs remain the largest group overall. Private banks tend to hold a slightly higher share of credit than of deposits, reflecting faster loan growth.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Are Regional Rural Banks (RRBs) covered by these directions?",
   "answer": "No, RRBs are explicitly excluded from these disclosure requirements. The directions apply to all commercial banks (excluding RRBs) and all Primary (Urban) Co-operative Banks.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-130/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12401&Mode=0"
  },
  {
   "question": "Are Regional Rural Banks (RRBs) covered by this circular?",
   "answer": "No, the circular explicitly excludes Regional Rural Banks. Only Scheduled Commercial Banks (including Small Finance Banks) are directed to implement these changes.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-51/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12318&Mode=0"
  },
  {
   "question": "Are regional rural banks (RRBs) exempt?",
   "answer": "Yes, the circular is addressed to all scheduled commercial banks excluding RRBs, so RRBs are not bound by this directive.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-582/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8868&Mode=0"
  },
  {
   "question": "Are Regional Rural Banks (RRBs) impacted by this circular?",
   "answer": "No, the circular explicitly excludes RRBs from its scope. Only scheduled banks (excluding RRBs) and Primary Dealers are affected.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-343/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8537&Mode=0"
  },
  {
   "question": "Are Regional Rural Banks (RRBs) impacted by this notification?",
   "answer": "No, the notification explicitly excludes Regional Rural Banks (RRBs) from its scope.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-276/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8442&Mode=0"
  },
  {
   "question": "Are Regional Rural Banks covered under these Directions?",
   "answer": "No, the Directions explicitly exclude Regional Rural Banks from their applicability.",
   "page": "https://bankpulse.ai/c/rbi-dor-2023-24-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12534&Mode=0"
  },
  {
   "question": "Are Regional Rural Banks covered under this circular?",
   "answer": "No, the scope explicitly excludes Regional Rural Banks.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12282&Mode=0"
  },
  {
   "question": "Are Regional Rural Banks covered under this direction?",
   "answer": "No, RRBs are explicitly excluded from the applicability of this Master Direction.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12165&Mode=0"
  },
  {
   "question": "Are Right-of-Use assets always excluded from deduction?",
   "answer": "Only if the underlying asset taken on lease is a tangible asset. ROU assets from intangible leases are not covered by this exemption.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-229/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13314&Mode=0"
  },
  {
   "question": "Are ROU assets for intangible leases also excluded from Owned Fund deduction?",
   "answer": "No, the exclusion applies only to ROU assets where the underlying leased asset is tangible.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-228/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13313&Mode=0"
  },
  {
   "question": "Are RRBs covered under this circular?",
   "answer": "No, the circular explicitly excludes Regional Rural Banks from the list of Receiving Offices.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12181&Mode=0"
  },
  {
   "question": "Are RRBs still allowed to charge penalties on active accounts for minimum balance shortfall?",
   "answer": "Yes, the circular only prohibits penal charges on inoperative accounts. Active accounts remain subject to the bank's disclosed minimum balance charges, provided they are transparently communicated at account opening.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-611/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8903&Mode=0"
  },
  {
   "question": "Are Salary Earners' Banks exempt from the professional director requirement?",
   "answer": "Yes, the circular states that the requirement for at least two professional directors will not be insisted upon for Salary Earners' Banks due to their membership nature.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12642&Mode=0"
  },
  {
   "question": "Are Salary Earners' Co-operative Banks exempt from the professional director requirement?",
   "answer": "Yes, the requirement of having at least two professional directors is not mandatory for Salary Earners' Co-operative Banks, as per the Directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-273/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13032&Mode=0"
  },
  {
   "question": "Are small banks with fewer than 10 lakh credit cards exempt from everything?",
   "answer": "No. They are exempt only from the requirement to offer a choice of multiple networks (para 3(b)). They must still comply with the ban on restrictive agreements that prevent using other card networks.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-131/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12619&Mode=0"
  },
  {
   "question": "Are Small Finance Banks and Payments Banks covered by this circular?",
   "answer": "No, they are excluded. They must refer to their respective licensing and operating guidelines for capital adequacy norms.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12278&Mode=0"
  },
  {
   "question": "Are Small Finance Banks, Payments Banks, Local Area Banks, and RRBs covered?",
   "answer": "No, the circular explicitly excludes these bank categories. Only Scheduled Commercial Banks (excluding those types) are covered.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12036&Mode=0"
  },
  {
   "question": "Are state government borrowings from financial institutions eligible for agency commission?",
   "answer": "No, short-term or long-term borrowings of state governments raised directly from financial institutions and banks are not eligible for agency commission, as they are not considered general banking business.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12058&Mode=0"
  },
  {
   "question": "Are the dashboards reviewed by an expert?",
   "answer": "Yes. Every dashboard is reviewed under the BankPulse accuracy process by Vikram Jain, a Chartered Accountant, before it is published.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Are the enhanced repair loans still eligible for priority sector classification?",
   "answer": "Yes, loans granted under the new limits for repairs, additions, or alterations to dwelling units continue to be eligible for classification under priority sector.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-236/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8390&Mode=0"
  },
  {
   "question": "Are the FPI investment limits for FY 2025-26 different from the previous year?",
   "answer": "No, the percentage limits remain unchanged at 6% for G-Secs, 2% for SGSs, and 15% for corporate bonds. However, the absolute limits have been revised upward in two half-yearly tranches.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12829&Mode=0"
  },
  {
   "question": "Are the free transaction limits changing?",
   "answer": "No, the free transaction limits remain the same: 5 free transactions per month from own bank ATMs, and from other bank ATMs, 3 in metro centres and 5 in non-metro centres.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12111&Mode=0"
  },
  {
   "question": "Are the interest rates for PPF and SCSS changing for FY 2014-15?",
   "answer": "No, the rates remain unchanged from the previous year: PPF at 8.7% p.a. and SCSS at 9.2% p.a., effective April 1, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-526/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8779&Mode=0"
  },
  {
   "question": "Are the operational guidelines different from previous VRR auctions?",
   "answer": "No, the guidelines are the same as those in RBI's Press Release 2021-2022/1572 dated January 20, 2022.",
   "page": "https://bankpulse.ai/c/rbi-doc-62950/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62950"
  },
  {
   "question": "Are the procedural aspects for handling shipping documents of caution-listed exporters changed?",
   "answer": "No, the procedural aspects outlined in Para 3.2 of the earlier circular remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11978&Mode=0"
  },
  {
   "question": "Are the revised handling charges applicable to existing MLTGD deposits?",
   "answer": "The revised charges (1.5% handling + 1% commission) apply to new MLTGD deposits from November 5, 2016 onward. For renewals, only 1% commission is payable. Existing deposits before that date follow earlier rules.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12368&Mode=0"
  },
  {
   "question": "Are there additional incentives for coin distribution in rural areas?",
   "answer": "Yes, an extra ₹10 per bag is paid for coin distribution in rural and semi-urban areas, provided a concurrent auditor certificate is submitted to RBI.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2025-26-136/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12843&Mode=0"
  },
  {
   "question": "Are there any activities for which bank finance to NBFCs is still prohibited?",
   "answer": "Yes, prohibitions remain on bridge loans/interim finance, advances against collateral security of shares, and guarantees for placement of funds with NBFCs.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-149/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12218&Mode=0"
  },
  {
   "question": "Are there any additional approvals required from other regulators for these remittances?",
   "answer": "The circular states that its directions are without prejudice to permissions/approvals required under any other law, so you must ensure compliance with all applicable regulations beyond FEMA.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12699&Mode=0"
  },
  {
   "question": "Are there any additional charges for ICCW transactions?",
   "answer": "No, on-us and off-us ICCW transactions must be processed without any charges beyond those prescribed under the circular on Interchange Fee and Customer Charges.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12321&Mode=0"
  },
  {
   "question": "Are there any additional conditions attached to the higher loan limits?",
   "answer": "The circular states that all other extant instructions remain unchanged. Banks must continue to follow prescribed prudential exposure limits and other regulatory norms while sanctioning loans up to the new caps.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-68/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12336&Mode=0"
  },
  {
   "question": "Are there any changes for 1-3 year FCNR(B) deposits?",
   "answer": "No, the ceiling for 1 year to less than 3 years remains unchanged at LIBOR/Swap plus 200 bps.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-195/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8336&Mode=0"
  },
  {
   "question": "Are there any changes to existing FII/QFI investment limits?",
   "answer": "No, the overall limits for Government securities (USD 30 billion) and corporate debt (USD 51 billion) remain unchanged. Only a new sub-limit of USD 5 billion for credit enhanced bonds has been introduced.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-368/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8563&Mode=0"
  },
  {
   "question": "Are there any changes to G-sec and SDL limits?",
   "answer": "No, the circular states that revised limits for G-sec and SDL will be advised separately. Current limits (G-sec General ₹2,34,531 crore, G-sec Long Term ₹1,03,531 crore, SDL General ₹67,630 crore, SDL Long Term ₹7,100 crore) continue until further notice.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12049&Mode=0"
  },
  {
   "question": "Are there any changes to lead bank responsibilities for existing districts?",
   "answer": "No, there is no change in lead bank responsibilities for the erstwhile districts or other districts in Arunachal Pradesh.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11968&Mode=0"
  },
  {
   "question": "Are there any changes to other conditions from the October 2020 circular?",
   "answer": "No, all other instructions from the October 16, 2020 circular remain unchanged. Only the validity period has been extended.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12286&Mode=0"
  },
  {
   "question": "Are there any changes to other LAF terms?",
   "answer": "No, all other terms and conditions of the LAF scheme remain unchanged as per the notification.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-175/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12451&Mode=0"
  },
  {
   "question": "Are there any changes to other terms and conditions of IINSS-C?",
   "answer": "No, all other terms and conditions remain unchanged from the December 19, 2013 notification.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-534/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8789&Mode=0"
  },
  {
   "question": "Are there any changes to reporting deadlines?",
   "answer": "Yes. References to 'Friday' in specific paragraphs are replaced with 'day' or 'last day of the fortnight'. The words 'provisional' and 'final' are deleted, and the 20-day final return deadline is removed. The last day of each fortnight becomes the reference point for reporting.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-149/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13225&Mode=0"
  },
  {
   "question": "Are there any changes to the 20:80 export obligation for STH/PTH?",
   "answer": "No, the same discipline applies: 20% of each imported consignment must be exported before the next consignment is imported.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-600/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8893&Mode=0"
  },
  {
   "question": "Are there any changes to the CRR/SLR exemption?",
   "answer": "No, the exemption from CRR/SLR requirements on these incremental deposits remains unchanged under the extended directive.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-394/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8613&Mode=0"
  },
  {
   "question": "Are there any changes to the Fully Accessible Route (FAR)?",
   "answer": "No, all investments by eligible investors in specified securities continue to be reckoned under FAR, as per earlier circulars.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12102&Mode=0"
  },
  {
   "question": "Are there any changes to the list of designated individuals/entities under UAPA?",
   "answer": "Yes, Annex II of the KYC Master Direction has been updated to reflect the corrigendum dated August 29, 2023, to the Government of India Order related to UAPA.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12549&Mode=0"
  },
  {
   "question": "Are there any changes to the MSF rate or other terms?",
   "answer": "No. All other terms and conditions of the MSF scheme remain unchanged—only the daily operational timing has been revised.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-351/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8545&Mode=0"
  },
  {
   "question": "Are there any changes to the reporting procedure or submission timeline?",
   "answer": "No, the reporting procedure remains unchanged. Corporates must continue to submit the ECB-2 Return monthly, certified by the designated AD Category-I bank, within seven working days from the close of the month.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-495/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8747&Mode=0"
  },
  {
   "question": "Are there any changes to the risk-weighting methodology itself?",
   "answer": "No, only the list of eligible rating agencies has been updated. All other provisions regarding external credit ratings from the April 2022 Master Circular remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-162/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12435&Mode=0"
  },
  {
   "question": "Are there any changes to the terms and conditions of IINSS-C 2013?",
   "answer": "No, all other terms and conditions from the December 19, 2013 notification remain unchanged. Only the closing date has been extended.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-418/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8652&Mode=0"
  },
  {
   "question": "Are there any conditions for these new sub-sectors?",
   "answer": "Yes, eligible costs exclude land and lease charges but include interest during construction. The classification applies prospectively from the circular date (Nov 25, 2013) and is available for eligible projects for a period of three years.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-378/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8591&Mode=0"
  },
  {
   "question": "Are there any contraventions that cannot be compounded?",
   "answer": "Yes, contraventions under Section 3(a) of FEMA, 1999 are not eligible for compounding. Other contraventions under Section 13 may be compounded upon application.",
   "page": "https://bankpulse.ai/c/rbi-fed-2024-25-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12736&Mode=0"
  },
  {
   "question": "Are there any downtime periods in 24x7 RTGS?",
   "answer": "Yes, there is a brief interval between end-of-day and start-of-day processes, whose timings are broadcast through the RTGS system.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11998&Mode=0"
  },
  {
   "question": "Are there any exceptions for Basic Savings Bank Deposit Accounts?",
   "answer": "Yes, BSBDAs were already protected under the August 2012 circular, which barred charges for non-operation or activation. This new circular extends similar protection to all inoperative accounts.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-592/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8878&Mode=0"
  },
  {
   "question": "Are there any exceptions for entities from Hong Kong or Macau?",
   "answer": "No exceptions are mentioned; all such entities require prior RBI approval, similar to restrictions for citizens of specified countries.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-447/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8693&Mode=0"
  },
  {
   "question": "Are there any exceptions for industrial borrowers?",
   "answer": "Yes, Scheduled Commercial Banks and Tier 3/4 UCBs can provide need-based working capital finance to borrowers using gold or silver as raw material, provided the borrower does not hold gold for investment or speculation.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12903&Mode=0"
  },
  {
   "question": "Are there any exceptions to the cut-off time?",
   "answer": "Yes, uploads are not required on global holidays: January 26, August 15, October 2, all non-working Saturdays, all Sundays, and any other day declared a holiday by RBI for Government Transactions due to exigencies. On all other days, the 1800 hours deadline applies strictly.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-136/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12624&Mode=0"
  },
  {
   "question": "Are there any exceptions to the loan transfer restrictions for UCBs?",
   "answer": "The directions state that the restrictions are without prejudice to provisions on External Commercial Borrowings, guarantees, or products explicitly permitted by RBI guidelines. However, for standard loan transfers, only stressed loan transfers by UCBs are allowed.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-282/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13023&Mode=0"
  },
  {
   "question": "Are there any exceptions to the ramp requirement?",
   "answer": "Yes, if it is impracticable to provide a ramp (permanently fixed or otherwise), the requirement may be dispensed with, but reasons must be recorded and displayed at the branch or ATM.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-598/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8891&Mode=0"
  },
  {
   "question": "Are there any exemptions for specific loan types like microfinance or housing loans?",
   "answer": "No exemptions are mentioned. The circular applies to all regulated entities and all loan products, including microfinance and housing loans.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12678&Mode=0"
  },
  {
   "question": "Are there any exemptions for specific types of cards?",
   "answer": "The circular does not mention any exemptions. It applies to all forex prepaid cards, store value cards, travel cards, and similar instruments.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12502&Mode=0"
  },
  {
   "question": "Are there any exemptions from FPI limits for these investments?",
   "answer": "Yes, the minimum residual maturity requirement and issue-wise limit applicable to FPI investments under the General Route do not apply to SRVA route investments.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12909&Mode=0"
  },
  {
   "question": "Are there any exemptions from the pre-transaction notification requirement?",
   "answer": "Yes, pre-transaction notifications are not required for e-mandates registered to auto-replenish balances of FASTag and National Common Mobility Card (NCMC).",
   "page": "https://bankpulse.ai/c/rbi-dpss-2026-27-396/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13374&Mode=0"
  },
  {
   "question": "Are there any exemptions to the shareholding limits?",
   "answer": "Yes, shares acquired through state government funds, shares held by a central co-op bank in its state co-op bank, and shares held by a UCB in its affiliated central co-op bank or state co-op bank are exempt from these limits.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12164&Mode=0"
  },
  {
   "question": "Are there any exemptions to the shareholding restrictions?",
   "answer": "Yes, shares acquired through state government funds, central co-operative bank holdings in state co-operative banks, and UCB holdings in affiliated central co-operative banks are exempt from the 2% limit.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-05/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12271&Mode=0"
  },
  {
   "question": "Are there any exemptions to these instructions?",
   "answer": "Yes, the circular explicitly excludes Credit Cards, External Commercial Borrowings, Trade Credits, and Structured Obligations from these requirements.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-53/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12527&Mode=0"
  },
  {
   "question": "Are there any exemptions to these restrictions?",
   "answer": "Yes, accounts under FEMA, those mandated by statute or financial sector regulators (RBI, SEBI, IRDAI, PFRDA), and accounts of entities regulated by these regulators for regulated activities are exempt.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-143/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13222&Mode=0"
  },
  {
   "question": "Are there any incentives for UCBs that already meet PSL targets?",
   "answer": "Yes, RBI has stated that suitable incentives will be announced separately for UCBs that met the prescribed targets as of March 31, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12515&Mode=0"
  },
  {
   "question": "Are there any KYC relaxations for BSBDA?",
   "answer": "The circular does not specify KYC relaxations; standard KYC norms apply as per RBI guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-355/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8549&Mode=0"
  },
  {
   "question": "Are there any new circulars replacing these withdrawn ones?",
   "answer": "The source does not mention replacements; it only lists withdrawn circulars.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12315&Mode=0"
  },
  {
   "question": "Are there any new compliance requirements from this notification?",
   "answer": "No, this notification only withdraws redundant circulars. No new requirements are introduced; banks must continue to follow the superseding circulars listed in the annexure.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12201&Mode=0"
  },
  {
   "question": "Are there any new conditions beyond the May 2021 circular?",
   "answer": "No, the same instructions and conditions from the May 10, 2021 circular apply to these banks as well.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-140/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12209&Mode=0"
  },
  {
   "question": "Are there any new conditions for ECB under this extension?",
   "answer": "No, all conditions from the earlier circular dated April 24, 2012 remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-537/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8792&Mode=0"
  },
  {
   "question": "Are there any new conditions or modifications?",
   "answer": "No, the instructions remain unchanged from the previous circular. The only change is the extension of the validity period.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-395/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8614&Mode=0"
  },
  {
   "question": "Are there any new reporting requirements for OTC derivatives?",
   "answer": "Yes, directions for reporting OTC foreign exchange and foreign currency interest rate derivative contracts to CCIL's Trade Repository have been updated, including changes to format, mode, and timelines as per Annex II.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12680&Mode=0"
  },
  {
   "question": "Are there any new reporting requirements for this account?",
   "answer": "The circular does not introduce new reporting requirements. Banks must continue to follow existing reporting norms under the Special Rupee Vostro Account framework and the July 11, 2022 circular.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12693&Mode=0"
  },
  {
   "question": "Are there any new reporting requirements under this circular?",
   "answer": "No new reporting requirements are introduced. Existing FETERS reporting by AD banks continues as before.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12697&Mode=0"
  },
  {
   "question": "Are there any new requirements introduced?",
   "answer": "No new general AML requirements; the circular specifically updates the sanctions list and reiterates compliance obligations under existing Master Directions.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12015&Mode=0"
  },
  {
   "question": "Are there any new restrictions on guarantees for NBFCs?",
   "answer": "No new restrictions; the existing prohibition on guarantees for placement of funds with NBFCs or non-bank entities continues as before.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12471&Mode=0"
  },
  {
   "question": "Are there any other changes to the LAF scheme?",
   "answer": "No, all other terms and conditions of the LAF scheme remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12391&Mode=0"
  },
  {
   "question": "Are there any other changes to the LRS scheme besides the limit?",
   "answer": "No, all other terms and conditions of the scheme remain unchanged as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-624/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8918&Mode=0"
  },
  {
   "question": "Are there any other changes to the Master Direction on Interest Rate on Deposits besides the bulk deposit threshold?",
   "answer": "No, the circular explicitly states that all other instructions in this regard remain unchanged. Only the definition of bulk deposit has been revised as detailed in the annex.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12690&Mode=0"
  },
  {
   "question": "Are there any other changes to the MSF scheme?",
   "answer": "No, all other terms and conditions of the MSF scheme remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-340/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8534&Mode=0"
  },
  {
   "question": "Are there any other changes to the Reverse Repo scheme?",
   "answer": "No, all other terms and conditions of the Reverse Repo scheme under LAF remain unchanged. Only the timing has been revised.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-451/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8697&Mode=0"
  },
  {
   "question": "Are there any reporting requirements for large remittances?",
   "answer": "Yes, banks must report all advance remittances of USD 5 million or more to the concerned RBI Regional Office within 15 calendar days of each half-year end, using the prescribed format.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-548/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8815&Mode=0"
  },
  {
   "question": "Are there any restrictions on depositing ₹2000 notes?",
   "answer": "No, deposits can be made in the usual manner without restrictions, subject to KYC norms and applicable statutory requirements like CTR and STR.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12505&Mode=0"
  },
  {
   "question": "Are there any restrictions on loans to senior officers?",
   "answer": "Yes, all loans to senior officers must be reported to the board. Additionally, no senior officer or committee including a senior officer can sanction a credit facility to a relative of that officer; such proposals must go to the next higher sanctioning authority.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12294&Mode=0"
  },
  {
   "question": "Are there any restrictions on the use of proceeds when an ARC sells debt to another ARC?",
   "answer": "Yes, the selling ARC must use the cash proceeds solely for redemption of the underlying Security Receipts (SRs).",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-460/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8707&Mode=0"
  },
  {
   "question": "Are there any restrictions on where the ADRs/GDRs can be listed?",
   "answer": "Yes, the unlisted company must list abroad only on exchanges in IOSCO/FATF-compliant jurisdictions or those with which SEBI has signed bilateral agreements.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-363/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8558&Mode=0"
  },
  {
   "question": "Are there any special conditions for students from Pakistan?",
   "answer": "Yes, students with Pakistani nationality require prior approval from the Reserve Bank of India before opening the account.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-210/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8359&Mode=0"
  },
  {
   "question": "Are there any transitional arrangements for the first few fortnights?",
   "answer": "Yes, the RBI specifies that CRR/SLR maintenance for the fortnight December 16-31, 2025 and the first fortnight of January 2026 (January 1-15, 2026) must follow the new rules, with NDTL based on November 28, 2025 and December 15, 2025 respectively. Additionally, a transition period from December 13-15, 2025 applies with specific maintenance requirements.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-154/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13228&Mode=0"
  },
  {
   "question": "Are there caps on loss-sharing arrangements with DLG providers?",
   "answer": "Yes, Chapter VI specifies caps on default loss guarantee (DLG) arrangements. The exact cap details are in the directions; lenders must ensure DLG structures comply with these limits to avoid regulatory capital implications.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12848&Mode=0"
  },
  {
   "question": "Are there more credit cards or debit cards in India?",
   "answer": "Debit cards vastly outnumber credit cards. India has roughly 970 million debit cards against about 108 million credit cards — close to a nine-to-one ratio — because most bank accounts come with a debit card while credit cards are issued selectively. Despite this, annual credit-card spending is now larger than debit-card spending because the average credit-card transaction is much bigger.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Are there penalties for non-compliance?",
   "answer": "The circular does not specify penalties, but non-adherence to RBI directives on customer service and reasonableness can lead to supervisory action or adverse remarks in inspections.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-513/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8765&Mode=0"
  },
  {
   "question": "Are there penalties for not using Note Sorting Machines?",
   "answer": "Yes. Non-utilization of NSMs for sorting high denomination notes (₹100 and above) received over the counter or remitted to chest/RBI attracts a penalty of ₹5,000 per instance, enhanced to ₹10,000 on recurrence.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12268&Mode=0"
  },
  {
   "question": "Are there restrictions for small settlements (≤₹1 crore)?",
   "answer": "Yes. Any official involved in acquiring the financial asset cannot participate in processing or approving the settlement for that same asset, to avoid conflicts of interest.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12771&Mode=0"
  },
  {
   "question": "Are there restrictions on refinancing existing SPV loans?",
   "answer": "Yes, refinancing is allowed only for credit facilities of completed projects that have achieved commencement of commercial operations. Lending to InvITs that fund SPVs facing financial difficulty is prohibited.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13482&Mode=0"
  },
  {
   "question": "Are there separate FAQs for accounts opened through Business Correspondents?",
   "answer": "Yes, RBI indicated that a separate set of FAQs for BC-operated accounts will be issued later.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-264/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8431&Mode=0"
  },
  {
   "question": "Are there specific beneficiary quotas banks must follow?",
   "answer": "Yes: at least 30% women, proportional SC/ST representation, 5% for differently-abled (priority to women), and 15% for minority communities.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12066&Mode=0"
  },
  {
   "question": "Are there specific provisioning norms for fraud accounts?",
   "answer": "Yes, the circular includes separate guidelines for provisioning pertaining to fraud accounts, as detailed in section 5.3. Banks must make provisions as per those norms.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12185&Mode=0"
  },
  {
   "question": "Are there specific rules for loans to slum dwellers?",
   "answer": "Yes, banks may extend credit directly to slum dwellers with government guarantee or indirectly through state governments for slum improvement schemes. This supports affordable housing objectives.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-08/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12475&Mode=0"
  },
  {
   "question": "Are there specific sub-targets for Micro Enterprises within the MSE sector?",
   "answer": "Yes, 40% of total MSE advances must go to micro enterprises with investment in plant and machinery up to ₹10 lakh (manufacturing) or equipment up to ₹4 lakh (services). Another 20% must go to micro enterprises with investment between ₹10-25 lakh (manufacturing) or ₹4-10 lakh (services).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-318/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8502&Mode=0"
  },
  {
   "question": "Are these 85 entries new additions to the sanctions list?",
   "answer": "No. These are existing entries that were technically amended to reflect the 2022 annual review. No new names were added.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12605&Mode=0"
  },
  {
   "question": "Are these additions effective immediately?",
   "answer": "Yes. The circular is dated January 3, 2022, and requires immediate compliance. The UNSC press releases for the additions were issued on December 21 and December 29, 2021, so entities should have already updated their lists.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-145/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12214&Mode=0"
  },
  {
   "question": "Are these amendments retroactive?",
   "answer": "The UNSC press release is dated July 21, 2023, and the amendments were enacted on that date. You must review all existing accounts and transactions for potential matches, not just new ones.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12524&Mode=0"
  },
  {
   "question": "Are these capital instruments covered by deposit insurance?",
   "answer": "No, the circular explicitly requires banks to state in bold that these instruments are not covered by deposit insurance, and they differ from fixed deposits.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-179/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12251&Mode=0"
  },
  {
   "question": "Are these changes effective immediately?",
   "answer": "Yes, the revised directions are applicable with immediate effect from June 25, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12120&Mode=0"
  },
  {
   "question": "Are these days considered holidays or working days?",
   "answer": "Both September 14 and 15, 2013, are to be treated as normal working days for the purpose of accepting advance tax challans.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-253/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8410&Mode=0"
  },
  {
   "question": "Are these directions applicable to all banks?",
   "answer": "No, these directions are specifically applicable only to Local Area Banks (LABs).",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-238/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13069&Mode=0"
  },
  {
   "question": "Are these Directions applicable to all co-operative banks?",
   "answer": "No, they apply only to Rural Co-operative Banks, defined as State Co-operative Banks and Central Co-operative Banks under the NABARD Act, 1981.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-301/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13003&Mode=0"
  },
  {
   "question": "Are these directions applicable to all Payments Banks immediately?",
   "answer": "Yes, the directions came into force with immediate effect from November 28, 2025, and apply to all Payments Banks.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-221/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13087&Mode=0"
  },
  {
   "question": "Are these Directions applicable to all Payments Banks?",
   "answer": "Yes, the Directions are applicable to all Payments Banks as defined in the document.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-216/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13092&Mode=0"
  },
  {
   "question": "Are these directions applicable to all Small Finance Banks?",
   "answer": "Yes, the applicability clause states they apply to all Small Finance Banks, collectively referred to as 'banks'.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-198/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13111&Mode=0"
  },
  {
   "question": "Are these directions still valid given the 2025 Master Direction?",
   "answer": "The source circular notes it has been superseded by the Master Direction – Reserve Bank of India (Rupee Interest Rate Derivatives) Directions, 2025. You should refer to the latest master direction for current applicability.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-157/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12229&Mode=0"
  },
  {
   "question": "Are these instructions only for December 31, 2013?",
   "answer": "Yes, the extended banking hours (until 6 PM) and e-payment deadline (midnight) apply only on December 31, 2013. The acceptance of VCES dues without assessee code in NSDL database is also limited to that date.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-420/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8658&Mode=0"
  },
  {
   "question": "Are these sanctions only for accounts, or do they cover transactions too?",
   "answer": "They cover both. The UNSC resolution imposes an assets freeze, travel ban, and arms embargo. You must freeze all funds and economic resources belonging to or controlled by these individuals, and reject any transactions involving them.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12496&Mode=0"
  },
  {
   "question": "Are these the official RBI definitions?",
   "answer": "No. These are original, plain-English explanations written for bankers and never reproduce RBI text verbatim. For the binding wording, always consult the relevant RBI Master Direction or circular, which each term links to.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Are trading activities covered under the scheme?",
   "answer": "Yes, trading activities have been allowed without requiring a Udyog Aadhaar Number (UAN), as per the modifications.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11976&Mode=0"
  },
  {
   "question": "Are UCBs allowed to issue performance guarantees?",
   "answer": "Only scheduled UCBs may issue performance guarantees, subject to due caution. Non-scheduled UCBs are restricted to financial guarantees only, as per the existing rules.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-11/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12819&Mode=0"
  },
  {
   "question": "Are UCBs with deposits less than ₹100 crore completely exempt from these directions?",
   "answer": "No, they are exempt only from the requirement of seeking prior RBI approval for appointment/re-appointment/termination of MD/WTD. They must still formulate a board-approved policy based on all other provisions of the directions and report any such action to the respective RBI regional office.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12119&Mode=0"
  },
  {
   "question": "Are unregistered SHGs eligible to open savings bank accounts?",
   "answer": "Yes, both registered and unregistered SHGs engaged in promoting savings habits can open savings bank accounts, even if they haven't availed credit facilities yet.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12063&Mode=0"
  },
  {
   "question": "Are we allowed to issue LCs or guarantees for the full five-year period?",
   "answer": "No, AD Category-I banks cannot issue Letters of Credit, guarantees, LoUs, or LoCs for any period beyond three years, even if the underlying trade credit is for five years.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-290/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8459&Mode=0"
  },
  {
   "question": "Are we eligible for agency commission on stamp duty collected via e-mode?",
   "answer": "Yes, if the stamp duty is collected through challan (physical or e-mode) and your bank does not charge the public or receive separate remuneration from the state government for this work. However, if your bank acts as a franking vendor and collects stamp duty for franking, that transaction is not eligible for commission.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12474&Mode=0"
  },
  {
   "question": "Are we required to cross all at-par cheques as 'account payee'?",
   "answer": "Yes, the circular mandates that all at-par cheques issued by UCBs must be crossed 'account payee' irrespective of the amount involved.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-332/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8520&Mode=0"
  },
  {
   "question": "Are we required to monitor future UAPA amendments proactively?",
   "answer": "Yes, the circular explicitly states that REs shall take note of any future amendments to Schedule I and IV for immediate necessary compliance.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-166/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12441&Mode=0"
  },
  {
   "question": "Are we required to use NEFT/RTGS instead of 'at par' cheques?",
   "answer": "The circular advises using more efficient remittance methods like NEFT or RTGS, either directly or through sub-membership, but does not mandate it immediately. However, it strongly encourages moving away from 'at par' cheques.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-344/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8538&Mode=0"
  },
  {
   "question": "Are we still required to refund the government for bank-caused excess payments?",
   "answer": "Yes, the requirement to refund the government in lump sum immediately upon detection remains in force, as per the June 1, 2009 and March 13, 2015 circulars.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12013&Mode=0"
  },
  {
   "question": "Are ₹2000 banknotes still legal tender?",
   "answer": "Yes, ₹2000 banknotes continue to be legal tender even after the withdrawal deadline. They remain valid for transactions, though banks will stop accepting them for deposit/exchange after Oct 7.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12540&Mode=0"
  },
  {
   "question": "Are ₹2000 notes still legal tender?",
   "answer": "Yes, the RBI circular confirms that ₹2000 denomination banknotes continue to be legal tender.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13476&Mode=0"
  },
  {
   "question": "By when must banks implement these changes?",
   "answer": "Banks, AIFIs, and NBFCs must make necessary system modifications and commence reporting the updated information to Credit Information Companies within two months from the date of the circular, i.e., by May 12, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12038&Mode=0"
  },
  {
   "question": "By when must banks implement this change?",
   "answer": "The circular must be implemented by February 28, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-154/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12425&Mode=0"
  },
  {
   "question": "By when must the report be submitted to FIU-IND?",
   "answer": "The report must be furnished to the Director, FIU-IND by the 15th of the month succeeding the transaction month.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-544/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8811&Mode=0"
  },
  {
   "question": "Can a bank change its name due to a government notification without RBI approval?",
   "answer": "No. Even if the name change is due to a government notification, the bank must follow the same process of obtaining RBI NOC and updating the banking licence.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12560&Mode=0"
  },
  {
   "question": "Can a bank charge for issuing a passbook or continuation passbook?",
   "answer": "No, banks must provide a passbook or monthly statement free of charge. Issuance of a continuation passbook upon exhaustion of pages shall not attract any charge.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13174&Mode=0"
  },
  {
   "question": "Can a bank novate a derivative contract to any counterparty?",
   "answer": "No, the transferee bank must have the remaining party as a constituent borrower. Additionally, the transferee must conduct independent due diligence as per RBI guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-406/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8626&Mode=0"
  },
  {
   "question": "Can a bank pay less than ₹30 lakh to its NEDs?",
   "answer": "Yes, the Board may fix a lower amount within the ₹30 lakh ceiling, considering factors like the bank's size, the NED's experience, and other relevant criteria.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-121/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12607&Mode=0"
  },
  {
   "question": "Can a bank rely solely on another bank's stand-by LC/BG for a GML?",
   "answer": "No. The GML disbursing bank must carry out its own independent credit appraisal of the borrower and not depend only on the stand-by LC/BG issued by another bank.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-551/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8823&Mode=0"
  },
  {
   "question": "Can a card be activated without the customer's consent?",
   "answer": "No. A card cannot be activated, nor a limit increased, without the cardholder's explicit consent. If a card is not activated within the defined window, the issuer must close it without cost, subject to the applicable circular.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Can a customer avoid submitting KYC documents again if they have a KYC Identifier?",
   "answer": "Yes, if the customer provides explicit consent to download records from CKYCR using the KYC Identifier, they need not resubmit the same KYC records unless there is a change in information, address verification is needed, or the regulated entity requires enhanced due diligence.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12008&Mode=0"
  },
  {
   "question": "Can a customer cancel a forward contract booked under this facility and still receive the exchange gain?",
   "answer": "Yes, but only for contracts booked up to 75% of the eligible limit. For those contracts, the customer bears the loss or is entitled to the gain on cancellation. For contracts booked above 75%, cancellation is not allowed; if cancelled, the customer bears the loss but does not receive any gain.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-540/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8807&Mode=0"
  },
  {
   "question": "Can a customer choose not to make a nomination?",
   "answer": "Yes, if the customer is fully informed about the nomination facility and its benefits, they can opt out by providing a written declaration. The bank must still open the account without restrictions if otherwise eligible.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12919&Mode=0"
  },
  {
   "question": "Can a customer get credit for a counterfeit note detected at the counter?",
   "answer": "No. No credit can be given to the customer's account for any note found counterfeit, whether at the counter or back office.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2024-25-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12653&Mode=0"
  },
  {
   "question": "Can a customer have a BSBDA and a fixed deposit in the same bank?",
   "answer": "Yes, a BSBDA holder can also have term/fixed deposits, recurring deposits, or other deposit accounts in the same bank.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-355/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8549&Mode=0"
  },
  {
   "question": "Can a customer now open an account with only a permanent address proof even if they live elsewhere?",
   "answer": "Yes, they can submit just one proof of address (current or permanent). If it's not the local address, they must provide a declaration of their local correspondence address, which the bank verifies through positive confirmation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-641/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8940&Mode=0"
  },
  {
   "question": "Can a customer still choose to use AFA for contactless transactions under ₹5,000?",
   "answer": "Yes, cardholders have the discretion to use contactless or contact mode, and can set their own limits or disable contactless features as per the January 2020 circular.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11999&Mode=0"
  },
  {
   "question": "Can a customer use a permanent address proof even if they live elsewhere?",
   "answer": "Yes, customers can submit either current or permanent address proof. If the proof is not the local address, they must provide a declaration of the local correspondence address, which the bank verifies via positive confirmation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-636/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8935&Mode=0"
  },
  {
   "question": "Can a DCCB shift a branch from one city to another without RBI approval?",
   "answer": "No. The relaxation applies only to shifting within the same city, town, or village (or same municipal ward for urban areas). Any inter-city or inter-state shift still requires prior RBI approval under Section 23 of the BR Act.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12559&Mode=0"
  },
  {
   "question": "Can a DCCB with net NPA above 5% apply for new branches?",
   "answer": "No, the criteria require net NPA to be less than 5% as per the latest NABARD inspection report. Banks not meeting this must first improve asset quality.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12375&Mode=0"
  },
  {
   "question": "Can a depositor redeem MLTGD prematurely in gold?",
   "answer": "No. Any premature redemption of MLTGD shall be only in Indian Rupees (INR), not in gold.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12368&Mode=0"
  },
  {
   "question": "Can a depositor still claim the foreign currency amount after crystallization?",
   "answer": "Yes, the depositor can choose to receive either the rupee proceeds (plus interest) or the foreign currency equivalent of those rupee proceeds at the rate on the payment date.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-616/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8909&Mode=0"
  },
  {
   "question": "Can a foreign law firm set up a liaison office in India for non-legal activities like market research?",
   "answer": "The circular only prohibits offices for practicing the legal profession. Other business activities by foreign law firms may still be permissible under the general BO/LO/PO policy, but banks should verify the purpose and ensure no legal practice is involved.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11997&Mode=0"
  },
  {
   "question": "Can a LAB with CRAR below 9% declare any dividend?",
   "answer": "No. As per Table 1 of the directions, a LAB with CRAR up to 9% as at the end of the previous financial year is not allowed to declare any dividend (0% of adjusted PAT).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-389/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13324&Mode=0"
  },
  {
   "question": "Can a Local Area Bank merge with a foreign bank under these Directions?",
   "answer": "No, the Directions explicitly exclude foreign banks from the definition of 'banking company' for amalgamation purposes. Amalgamation with a banking company is allowed only if it is not a foreign bank.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-223/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13085&Mode=0"
  },
  {
   "question": "Can a Local Area Bank offer transactional digital banking without prior RBI approval?",
   "answer": "No. Transactional banking facilities require explicit authorisation from RBI. Only view-only facilities can be started after intimating RBI via the PRAVAAH portal.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-383/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13083&Mode=0"
  },
  {
   "question": "Can a merchanting trader receive advance payment for the export leg?",
   "answer": "Yes, if advance payment is received, it may be held in a separate deposit or current account in foreign currency or Indian rupees, and AD banks need not insist on an export LC.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-452/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8698&Mode=0"
  },
  {
   "question": "Can a minor below 10 years open a bank account in an RRB?",
   "answer": "Yes, a minor of any age can open a savings/fixed/recurring deposit account through a natural or legally appointed guardian.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-610/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8904&Mode=0"
  },
  {
   "question": "Can a minor below 10 years open a bank account independently?",
   "answer": "The circular does not explicitly address minors below 10 years opening accounts independently. It states that a minor of any age can open an account through a guardian, and only minors above 10 years may be allowed to open and operate savings accounts independently, if they so desire. Therefore, it is implied that minors below 10 years cannot open accounts independently.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-581/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8866&Mode=0"
  },
  {
   "question": "Can a minor below 10 years open a savings account independently?",
   "answer": "No. Minors below 10 years can only open accounts through a natural or legally appointed guardian. Only minors aged 10 and above may be allowed to open and operate savings accounts independently, at the bank's discretion.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-587/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8872&Mode=0"
  },
  {
   "question": "Can a non-lending bank open a current account for a borrower availing CC/OD with exposure of ₹5 crore or more?",
   "answer": "No. Non-lending banks are not permitted to open current or collection accounts for such borrowers. Only the lender meeting the 10% exposure threshold (or the highest exposure CC/OD lender) can open a current account; other lending banks can open only collection accounts with strict conditions.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12293&Mode=0"
  },
  {
   "question": "Can a non-resident without existing control buy shares under this circular?",
   "answer": "No. The circular requires the non-resident to have already acquired and continue to hold control in accordance with SEBI takeover regulations before purchasing shares on the stock exchange under the FDI scheme.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-232/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8386&Mode=0"
  },
  {
   "question": "Can a Payments Bank charge for issuing a passbook or continuation passbook?",
   "answer": "No. Passbooks or monthly statements must be provided free, and continuation passbooks on exhaustion of pages cannot attract any charge.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13175&Mode=0"
  },
  {
   "question": "Can a Payments Bank offer transactional banking without prior approval?",
   "answer": "No, banks require prior approval of the Reserve Bank for launching transactional banking facility, subject to eligibility criteria as per para 7 of the Directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-382/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13101&Mode=0"
  },
  {
   "question": "Can a PPI issuer now have escrow accounts in two different banks simultaneously?",
   "answer": "Yes, RBI allows one additional escrow account in a different scheduled commercial bank, so a PPI issuer can maintain up to two escrow accounts at the same time.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-68/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11996&Mode=0"
  },
  {
   "question": "Can a PSO lose its perpetual CoA after receiving it?",
   "answer": "Yes. If an entity becomes non-compliant with any condition, RBI may impose restrictions or revoke the CoA under the PSS Act.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12000&Mode=0"
  },
  {
   "question": "Can a returning resident use income earned abroad after returning to India for fresh investments without RBI approval?",
   "answer": "No, only income earned while resident outside India, or from eligible assets held abroad, qualifies. Post-return income is not covered under Section 6(4) and requires RBI approval for overseas investments.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-440/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8685&Mode=0"
  },
  {
   "question": "Can a Rural Co-operative Bank offer transactional digital banking without RBI approval?",
   "answer": "No. Transactional banking facility (involving funds movement or loans) requires separate RBI authorisation under these directions. View-only facility is allowed if the bank has CBS and IPv6-ready infrastructure.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-386/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13008&Mode=0"
  },
  {
   "question": "Can a specialized branch directly deal with customers?",
   "answer": "No, these branches cannot have direct interface or business transactions with customers, except for specific activities like creating equitable mortgages, executing or releasing loan documents, and initiating recovery or follow-up measures.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-336/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8525&Mode=0"
  },
  {
   "question": "Can a standard account remain standard after a resolution plan is implemented?",
   "answer": "Yes, if the resolution plan adheres to the provisions of Chapter VI-A of the Reserve Bank of India (All India Financial Institutions – Resolution of Stressed Assets) Directions, 2025, the account can retain its standard classification upon implementation.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13439&Mode=0"
  },
  {
   "question": "Can a standard account remain standard after a resolution plan?",
   "answer": "Yes, if the resolution plan is implemented in adherence to Chapter VI-A of the Stressed Assets Directions, the account can retain its standard classification.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13428&Mode=0"
  },
  {
   "question": "Can a Tier 1 or Tier 2 UCB apply for inclusion in the Second Schedule under this circular?",
   "answer": "No, only licensed Tier 3 and Tier 4 UCBs that meet the Financially Sound and Well Managed criteria and have maintained minimum Tier 3 deposits for two consecutive years are eligible.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12601&Mode=0"
  },
  {
   "question": "Can a UCB acquire loans from other banks under these new directions?",
   "answer": "No, UCBs are permitted only as transferors of stressed loans under Part A, Chapter III. They cannot act as transferees or transferors for any other type of loan transfer.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-282/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13023&Mode=0"
  },
  {
   "question": "Can a UCB be exempted from these share linking norms?",
   "answer": "Yes, if the UCB maintains a Capital to Risk Weighted Assets Ratio (CRAR) of 12% on a continuous basis, it is exempt from mandatory share linking as per earlier instructions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-307/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8485&Mode=0"
  },
  {
   "question": "Can a UCB continue with an honorary title like Chairman Emeritus?",
   "answer": "No. The circular explicitly states such positions are not recognised in statutes or regulations, create conflicts of interest, and should not be adopted.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12642&Mode=0"
  },
  {
   "question": "Can a UCB create honorary titles like Chairman Emeritus for former directors?",
   "answer": "No, RBI prohibits such honorary designations as they are not recognized in statutes and can create conflicts of interest or parallel authority.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12813&Mode=0"
  },
  {
   "question": "Can a UCB start PSA activity without RBI approval?",
   "answer": "No. Prior approval from the concerned Regional Office of RBI is mandatory, even if the bank has already signed an agreement with UTIITSL. The bank must approach the Regional Office to complete formalities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-371/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8573&Mode=0"
  },
  {
   "question": "Can a UCB with negative net worth be amalgamated?",
   "answer": "Yes, but only if the amalgamating bank assures to protect all deposits of the amalgamated bank's depositors, and if the net worth is negative, the state government must provide upfront financial support as part of the merger process.",
   "page": "https://bankpulse.ai/c/rbi-dor-2020-21-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12043&Mode=0"
  },
  {
   "question": "Can accounts that slipped into NPA after March 31, 2021 be upgraded?",
   "answer": "Yes, accounts that became NPA between April 1, 2021 and the date of implementation can be upgraded to 'standard asset' as on the implementation date, provided the restructuring plan is implemented as per conditions.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12086&Mode=0"
  },
  {
   "question": "Can AD banks approve asset transfers for any LO/BO/PO?",
   "answer": "Only for LO/BOs adhering to operational guidelines (AAC submission, PAN, ROC registration) and POs complying with initial reporting and annual project status reports. The foreign entity must intend to close its Indian operations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-640/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8939&Mode=0"
  },
  {
   "question": "Can AD Cat-I banks post margin on behalf of their customers?",
   "answer": "Yes, the Directions explicitly allow AD Cat-I banks to post and collect margin, in India and outside India, on behalf of their customers for permitted derivative contracts with non-residents.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-34/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12683&Mode=0"
  },
  {
   "question": "Can Administrative Offices or Back Offices interact directly with customers?",
   "answer": "No. Both Administrative Offices and Back Offices are explicitly prohibited from having direct interface with customers. They handle only internal administrative or processing functions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-207/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13102&Mode=0"
  },
  {
   "question": "Can advance payment be made for the import leg before receiving export leg proceeds?",
   "answer": "Yes, AD banks may allow advance payment for the import leg based on commercial judgement. However, if the advance exceeds USD 200,000 per transaction, it must be backed by a bank guarantee or letter of credit from an international bank of repute, unless the export leg payment has been received in advance.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-545/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8812&Mode=0"
  },
  {
   "question": "Can advance payments against exports be received in INR?",
   "answer": "Yes, Indian exporters can receive advance payments in INR through this mechanism, but banks must ensure available funds in the Special Vostro account are first used for existing export payment obligations and verify the claim with the correspondent bank.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12358&Mode=0"
  },
  {
   "question": "Can agency banks claim commission for paying their own tax liabilities?",
   "answer": "No, own tax liabilities (like TDS or Corporation Tax) paid through the bank's own branches or other agency banks are not eligible for agency commission, and banks must certify their exclusion from claims.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12651&Mode=0"
  },
  {
   "question": "Can agency commission be paid for exports under this LoC?",
   "answer": "No agency commission is payable. However, if required, exporters may use their own resources or EEFC balances for commission in free foreign exchange after full export value realization.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-159/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12231&Mode=0"
  },
  {
   "question": "Can agency commission be paid from the LoC funds?",
   "answer": "No, agency commission cannot be paid from LoC funds. Exporters may use their own resources or EEFC balances for commission after export proceeds are realized.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12149&Mode=0"
  },
  {
   "question": "Can agency commission be paid from the LoC proceeds?",
   "answer": "No, agency commission is not payable from LoC funds. Exporters may use their own resources or balances in their Exchange Earners' Foreign Currency Account for commission after full export value realization.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12170&Mode=0"
  },
  {
   "question": "Can agency commission be paid under this LOC?",
   "answer": "No agency commission is payable under the LOC itself, but exporters may use their own resources or EEFC balances for commission after full payment realization.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-289/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8458&Mode=0"
  },
  {
   "question": "Can AIFIs lend to unlisted InvITs?",
   "answer": "No, the directions explicitly permit lending only to listed InvITs, including those under SEBI InvIT Regulations sub-regulations 14(2) and 14(4).",
   "page": "https://bankpulse.ai/c/rbi-2026-27-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13482&Mode=0"
  },
  {
   "question": "Can all banks offer credit lines via UPI?",
   "answer": "Only Scheduled Commercial Banks (excluding Payment Banks and Regional Rural Banks) can offer this facility, as per the RBI directive.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12532&Mode=0"
  },
  {
   "question": "Can all exports to Sri Lanka now be settled in INR?",
   "answer": "No, only those trade transactions that fall under the specific SBI credit facility agreement dated March 17, 2022, for financing purchase of essential goods by Sri Lanka from India, and are eligible under the Foreign Trade Policy, are allowed INR settlement outside the ACU mechanism.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-53/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12320&Mode=0"
  },
  {
   "question": "Can all forward contracts now be freely cancelled and rebooked?",
   "answer": "No, only forward contracts with residual maturity of one year or less for contracted exposures in current account and capital account transactions are eligible. Longer-tenor contracts remain subject to earlier restrictions.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-446/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8691&Mode=0"
  },
  {
   "question": "Can all NBFCs now become Business Correspondents?",
   "answer": "No, only non-deposit taking NBFCs (NBFCs-ND) are permitted. Deposit-taking NBFCs remain ineligible.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-653/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8955&Mode=0"
  },
  {
   "question": "Can all PPIs now be used on third-party UPI apps?",
   "answer": "No, only full-KYC PPIs are eligible. The PPI issuer must enable discovery on third-party apps, and authentication will use UPI credentials.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12756&Mode=0"
  },
  {
   "question": "Can all resident entities now hedge gold price risk overseas?",
   "answer": "No, only eligible entities as defined in the new Master Direction can hedge on IFSC exchanges recognized by IFSCA. The circular does not specify all eligibility criteria, so refer to the Master Direction.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-151/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12423&Mode=0"
  },
  {
   "question": "Can all types of bill payments be made through BBPS using RDA remittances?",
   "answer": "The circular allows transfer to KYC-compliant bank accounts of billers via BBPS, subject to conditions in the 2014 circular. It does not specify bill types, so it likely covers all BBPS-enabled categories.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12386&Mode=0"
  },
  {
   "question": "Can all UCBs issue performance guarantees?",
   "answer": "Only scheduled UCBs may issue performance guarantees, subject to due caution; non-scheduled UCBs can only issue financial guarantees.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12647&Mode=0"
  },
  {
   "question": "Can an agency bank claim commission for collecting stamp duty as a Franking Vendor?",
   "answer": "No, if the bank is engaged as a Franking Vendor by the state government and collects stamp duty from the public for franking, it is not eligible for agency commission since the state government pays it separately. However, collecting stamp duty via challan from the Franking Vendor for treasury credit is eligible.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-08/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12274&Mode=0"
  },
  {
   "question": "Can an ARC now hold more than 26% equity in a borrower company after conversion?",
   "answer": "No, the RBI circular explicitly caps the ARC's shareholding at 26% of the post-converted equity of the borrower company.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-460/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8707&Mode=0"
  },
  {
   "question": "Can an ARC still buy NPAs from its sponsor bank?",
   "answer": "Yes, but only through a transparent, arm's-length auction where market forces determine the price. Direct bilateral purchases are no longer allowed.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-523/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8776&Mode=0"
  },
  {
   "question": "Can an existing investor from a FATF non-compliant jurisdiction bring in more money?",
   "answer": "Yes, if the investor held their investment before the jurisdiction was classified as non-compliant, they may continue or bring additional investments as per extant regulations to support business continuity.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12027&Mode=0"
  },
  {
   "question": "Can an exporter who gets PLI benefits for one product still claim IES for another product?",
   "answer": "Yes, as per the government clarification, the extended IES is available for segments other than the one for which PLI benefits are availed.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12327&Mode=0"
  },
  {
   "question": "Can an FII now remit funds through a bank that is not its designated custodian?",
   "answer": "Yes, RBI clarifies that FIIs can remit funds through any AD Category-I bank for any FEMA-permitted transaction, and then transfer those funds to their designated custodian bank via banking channels.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-454/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8699&Mode=0"
  },
  {
   "question": "Can an Indian company now use domestic borrowings for downstream investments?",
   "answer": "No. The condition that downstream investments must be funded from abroad (not domestic borrowings) remains unchanged. Only internal accruals are now permissible for any Indian company, not just investment-holding companies.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-251/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8408&Mode=0"
  },
  {
   "question": "Can an investor submit multiple competitive bids?",
   "answer": "Yes, an investor can submit more than one competitive bid at different prices, but the total amount of all bids by a person must not exceed the notified amount of the auction.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-576/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8858&Mode=0"
  },
  {
   "question": "Can an MSE issue shares to foreign investors beyond 24% of paid-up capital?",
   "answer": "Yes, if it complies with Annex B limits and entry routes, and is not engaged in Annex A activities. The earlier 24% cap is replaced by the general FDI policy limits.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-498/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8750&Mode=0"
  },
  {
   "question": "Can an NBFC request RBI for an ad-hoc dividend dispensation?",
   "answer": "No, the circular explicitly states that RBI will not entertain any request for ad-hoc dispensation on dividend declaration.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-59/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12118&Mode=0"
  },
  {
   "question": "Can an NRI joint holder deposit their own foreign currency or rupee funds into this resident account?",
   "answer": "No. The circular explicitly states that cheques, instruments, remittances, cash, card or any other proceeds belonging to the NRI close relative shall not be eligible for credit to this account.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-437/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8681&Mode=0"
  },
  {
   "question": "Can an RCB pay dividend from previous years' profits?",
   "answer": "No, dividend must be paid out of the net profit of the financial year for which dividend is being paid, after making all statutory provisions and adjusting accumulated losses in full.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-315/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12989&Mode=0"
  },
  {
   "question": "Can an RRB offer transactional digital banking without RBI approval?",
   "answer": "No, transactional banking facility requires prior authorization from RBI via the PRAVAAH portal. View-only facility can be offered by eligible banks without prior approval.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-384/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13059&Mode=0"
  },
  {
   "question": "Can an RRB with net NPA above 5% offer transactional internet banking?",
   "answer": "No, the revised criteria require net NPA of not more than 5% as on March 31 of the previous financial year.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12407&Mode=0"
  },
  {
   "question": "Can an SFB declare a dividend if it has a net loss but positive adjusted PAT?",
   "answer": "The source does not explicitly address this scenario. However, the eligibility criteria require positive adjusted PAT and compliance with other conditions; if PAT is negative, adjusted PAT would typically be negative, so dividend would not be allowed.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-391/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13328&Mode=0"
  },
  {
   "question": "Can an SFB transition without a promoter?",
   "answer": "Yes, there is no mandatory requirement for an eligible SFB to have an identified promoter. Existing promoters, if any, will continue, but no new promoters can be added during transition.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12676&Mode=0"
  },
  {
   "question": "Can any bank open a DBU without RBI approval?",
   "answer": "Yes, scheduled commercial banks (excluding RRBs, LABs, PBs) with past digital banking experience can open DBUs in Tier 1-6 centres without prior RBI permission, as per general permission.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-19/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12285&Mode=0"
  },
  {
   "question": "Can any borrower avail ECB for general corporate purpose under this circular?",
   "answer": "No, only eligible borrowers who have a foreign equity holder directly holding at least 25% paid-up equity can avail, and only under the approval route.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-221/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8370&Mode=0"
  },
  {
   "question": "Can any Indian company issue these bonds to non-residents?",
   "answer": "No, only entities specifically authorized by the Government of India can issue these tax-free, secured, redeemable, non-convertible rupee bonds.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-416/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8648&Mode=0"
  },
  {
   "question": "Can banks appeal against the penalty imposed?",
   "answer": "Yes, appeals can be made to the Regional Director or Officer-in-Charge of the Regional Office within one month, but only for genuine reasons beyond control such as lockdowns or strikes.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12144&Mode=0"
  },
  {
   "question": "Can banks ask for deposits from SC/ST borrowers under government schemes?",
   "answer": "No, banks should not insist on deposits while considering loan applications under government-sponsored poverty alleviation or self-employment programs for SC/ST borrowers.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12365&Mode=0"
  },
  {
   "question": "Can banks ask for deposits from SC/ST borrowers under government-sponsored schemes?",
   "answer": "No, the circular explicitly states banks should not insist on deposits while considering loan applications under government poverty alleviation or self-employment programs for SC/ST borrowers.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12468&Mode=0"
  },
  {
   "question": "Can banks bid for amounts above the notified amount?",
   "answer": "There is no restriction on the maximum bid amount per bidder, but total allotment is capped at the notified amount (0.25% of NDTL).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-319/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8501&Mode=0"
  },
  {
   "question": "Can banks borrow from any overseas entity now?",
   "answer": "Yes, the amendment allows borrowing from Head Office, overseas branches, correspondents outside India, or any other entity as permitted by RBI, subject to conditions. Earlier, only Head Office, branches, and correspondents were allowed.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-323/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8507&Mode=0"
  },
  {
   "question": "Can banks charge a fee for exchanging pre-2005 notes?",
   "answer": "No, the exchange must be done free of cost. Banks cannot impose any charges for exchanging these notes.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-509/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8761&Mode=0"
  },
  {
   "question": "Can banks choose not to participate in a state government DRS?",
   "answer": "Yes, participation is voluntary and must be based on a board-approved policy. Banks can decline if the scheme's terms conflict with prudential norms or long-term borrower interests.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12760&Mode=0"
  },
  {
   "question": "Can banks choose their own model for CTS implementation?",
   "answer": "Yes, banks are free to adopt a model of their choice, such as deploying infrastructure in every branch or using a hub-and-spoke model, and must coordinate with RBI regional offices.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12039&Mode=0"
  },
  {
   "question": "Can banks claim agency commission on their own tax payments?",
   "answer": "No, agency banks paying their own tax liabilities (TDS, corporation tax) through their branches or other banks must exclude these from commission claims and provide a certificate to that effect.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12812&Mode=0"
  },
  {
   "question": "Can banks credit inward payments without manual checks for all customers?",
   "answer": "Yes, banks may put in place straight-through processing for crediting inward payments to individual resident accounts, based on their risk assessment and subject to FEMA guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-08/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13367&Mode=0"
  },
  {
   "question": "Can banks ever manually override the system's asset classification?",
   "answer": "Yes, but only in exceptional and temporary circumstances, with at least two-level authorization, a board-approved policy, and detailed audit trails. Such overrides must be reported regularly to the audit committee and are subject to concurrent and statutory audit.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11964&Mode=0"
  },
  {
   "question": "Can banks get extensions for inward clearing under exceptional circumstances?",
   "answer": "Yes, banks can approach the President of the Clearing House at the CTS location for extension of return or blocking of presentation drawn on specific locations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-199/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8340&Mode=0"
  },
  {
   "question": "Can banks give Gold Metal Loans to any domestic entity?",
   "answer": "No, GML can only be given to domestic jewellery manufacturers, and only up to the GML outstanding in the bank's books as on March 31, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-600/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8893&Mode=0"
  },
  {
   "question": "Can banks insist on deposits from SC/ST borrowers under government schemes?",
   "answer": "No, banks must not insist on deposits while considering loan applications under government-sponsored poverty alleviation or self-employment programmes for SC/ST borrowers.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-11/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12065&Mode=0"
  },
  {
   "question": "Can banks lend to FPIs for any purpose under this circular?",
   "answer": "No, lending is specifically allowed only for placing margins with CCIL for settlement of government securities transactions, including Treasury Bills and State Development Loans.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12106&Mode=0"
  },
  {
   "question": "Can banks lend to unlisted REITs?",
   "answer": "No. The directions require that the REIT must be listed and registered with SEBI (or a comparable financial sector regulator for overseas branches).",
   "page": "https://bankpulse.ai/c/rbi-2026-27-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13478&Mode=0"
  },
  {
   "question": "Can banks now finance NBFCs against second-hand assets?",
   "answer": "Yes, banks may extend finance to NBFCs against second-hand assets financed by them, based on the NBFC's experience in such financing.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-14/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12280&Mode=0"
  },
  {
   "question": "Can banks now lend to NBFCs against second-hand assets?",
   "answer": "Yes, the circular explicitly permits banks to extend finance to NBFCs against second-hand assets financed by them, based on experience gained.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12476&Mode=0"
  },
  {
   "question": "Can banks now pay interest monthly on savings accounts?",
   "answer": "Yes, RBI has given banks the option to pay interest on rupee savings and term deposits at intervals shorter than quarterly, including monthly, as long as the bank's systems support it.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-385/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8598&Mode=0"
  },
  {
   "question": "Can banks now reduce spreads on loans before three years for any reason?",
   "answer": "No, only for customer retention on justifiable grounds, in a non-discriminatory manner, and as per the bank's board-approved policy. It is not a blanket relaxation.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12902&Mode=0"
  },
  {
   "question": "Can banks now supply coins to bulk customers?",
   "answer": "Yes, banks can provide coins to bulk customers (requiring more than one bag per transaction) for business purposes, provided they are KYC-compliant and records are maintained. Due diligence is required to prevent misuse.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12154&Mode=0"
  },
  {
   "question": "Can banks refuse to accept coins or small denomination notes?",
   "answer": "No, banks cannot refuse to accept coins or small denomination notes tendered at counters. All coins of 50 paise, ₹1, ₹2, ₹5, ₹10, and ₹20 remain legal tender.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2026-27-395/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13362&Mode=0"
  },
  {
   "question": "Can banks refuse to accept small denomination coins like ₹1 or ₹2?",
   "answer": "No. All coins of 50 paise, ₹1, ₹2, ₹5, ₹10, and ₹20 are legal tender. Banks must accept them for transactions or exchange, and it is preferable to accept ₹1 and ₹2 coins by weighment.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12052&Mode=0"
  },
  {
   "question": "Can banks refuse to exchange ₹2000 notes over the counter?",
   "answer": "No. RBI has directed that the exchange facility must be provided in the usual manner as before. Banks cannot refuse or alter the process.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12506&Mode=0"
  },
  {
   "question": "Can banks reject loans under the CLM after NBFCs originate them?",
   "answer": "Yes, if the Master Agreement allows discretion. The bank can reject certain loans after its due diligence, but if the agreement involves an irrevocable commitment, the bank must comply with outsourcing guidelines and cannot outsource the credit sanction process.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11991&Mode=0"
  },
  {
   "question": "Can banks still charge penalties on active accounts for minimum balance non-maintenance?",
   "answer": "Yes, the prohibition is specifically for inoperative accounts. Banks may continue to levy penal charges on active accounts, subject to transparent disclosure at account opening as per earlier guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-580/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8867&Mode=0"
  },
  {
   "question": "Can banks still mark a lien on SHG savings accounts for loans above ₹10 lakh?",
   "answer": "No, the circular explicitly prohibits marking a lien on SHG savings accounts for any loan up to ₹20 lakh, even when CGFMU coverage applies.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12143&Mode=0"
  },
  {
   "question": "Can banks still offer gold deposits under GMS after March 25, 2025?",
   "answer": "Yes, banks may offer Short Term Bank Deposits (STBD) under GMS at their discretion. However, the Medium and Long Term Government Deposit (MLTGD) component is discontinued from March 26, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12801&Mode=0"
  },
  {
   "question": "Can banks trade IRFs for clients under this circular?",
   "answer": "No, banks are explicitly prohibited from undertaking IRF transactions on behalf of clients. Only hedging and proprietary trading are allowed.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-410/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8636&Mode=0"
  },
  {
   "question": "Can banks trade on their own account as TM/TCM on IIBX?",
   "answer": "No, TM/TCM roles are restricted to executing trades only on behalf of clients; proprietary trading is not permitted.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12606&Mode=0"
  },
  {
   "question": "Can BCs now distribute any amount of banknotes and coins?",
   "answer": "The circular does not specify limits; banks should set internal caps based on risk assessment and BC capacity, ensuring compliance with existing cash management guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-212/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8361&Mode=0"
  },
  {
   "question": "Can borrowers repay the entire GML in physical gold?",
   "answer": "No, only partial repayment is allowed, and that too in lots of one kg or more. The option applies only to loans extended from locally sourced or GMS-linked gold.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12117&Mode=0"
  },
  {
   "question": "Can borrowers who availed resolution under Framework 1.0 use this window?",
   "answer": "Generally no, unless a special exemption mentioned in Clause 22 applies. The circular states that accounts should not have availed resolution under Framework 1.0.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12085&Mode=0"
  },
  {
   "question": "Can card issuers now offer tokenisation services?",
   "answer": "Yes, RBI now permits card issuers to act as Token Service Providers (TSPs) for cards issued by them, subject to explicit customer consent and AFA validation.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12159&Mode=0"
  },
  {
   "question": "Can co-operative banks refund share capital to members?",
   "answer": "Yes, but only if the bank's CRAR is 9% or above as per the latest audited financials and NABARD's statutory inspection, and the refund does not reduce CRAR below the regulatory minimum of 9%. Accretion to capital after balance sheet date (excluding profits) can be considered for CRAR calculation.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12297&Mode=0"
  },
  {
   "question": "Can cooperative banks participate directly in non-competitive auctions?",
   "answer": "Yes, Regional Rural Banks and cooperative banks can submit non-competitive bids directly for dated securities, as they maintain SGL and current accounts with RBI.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12193&Mode=0"
  },
  {
   "question": "Can customers choose their card network?",
   "answer": "RBI has moved to give eligible cardholders a choice of card network rather than having it tied solely to the issuer's arrangement. The relevant instruction is in the cluster below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Can customers still deposit ₹2000 notes after October 7?",
   "answer": "After October 7, 2023, banks will not accept ₹2000 notes. However, customers can present them at any of the 19 RBI Issue Offices for credit to their bank accounts or exchange.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12540&Mode=0"
  },
  {
   "question": "Can customers still set their own threshold for auto-replenishment?",
   "answer": "Yes, the circular specifies that auto-replenishment occurs when the balance falls below a threshold set by the customer. Banks must ensure this threshold is captured as part of the e-mandate setup.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12722&Mode=0"
  },
  {
   "question": "Can customers still use ₹2000 notes for transactions?",
   "answer": "Yes, ₹2000 notes remain legal tender, so they can be used for payments. However, RBI encourages depositing or exchanging them at banks by September 30, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12505&Mode=0"
  },
  {
   "question": "Can declarations be submitted for multiple bills at once?",
   "answer": "Yes, exporters and importers can submit a consolidated declaration on a quarterly basis covering several bills for bulk reconciliation and closure.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12908&Mode=0"
  },
  {
   "question": "Can depositors still claim their money after it is transferred to the Fund?",
   "answer": "Yes, depositors can claim their deposit or unclaimed amount from the bank even after transfer. The bank must pay the depositor and then claim a refund from the Fund.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-527/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8780&Mode=0"
  },
  {
   "question": "Can ECB proceeds be used for any purpose other than fresh capex or refinancing?",
   "answer": "No, ECB proceeds can only be used for fresh capital expenditure (automatic/approval route) or refinancing existing rupee loans (under approval route) for capex as per extant norms.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-397/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8616&Mode=0"
  },
  {
   "question": "Can employees access their work email during mandatory leave?",
   "answer": "Yes, internal or corporate email that is generally available to all employees for general purposes is allowed, but no other work-related physical or virtual resources.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12129&Mode=0"
  },
  {
   "question": "Can existing investors from a now non-compliant jurisdiction continue their investment?",
   "answer": "Yes, existing investors who held investments before the jurisdiction was classified as FATF non-compliant may continue or even bring additional investments as per extant regulations to support business continuity.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12114&Mode=0"
  },
  {
   "question": "Can existing private sector agency banks continue their current government business without any action?",
   "answer": "Yes, they can continue without fresh approval. For new or additional government business, they need approval from DGBA as per the 2012 circular.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12090&Mode=0"
  },
  {
   "question": "Can existing Udyog Aadhaar holders under these NIC codes migrate to Udyam?",
   "answer": "Yes, enterprises with Udyog Aadhaar Memorandums under NIC codes 45, 46, and 47 can migrate to the Udyam Registration Portal or file a fresh registration.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12126&Mode=0"
  },
  {
   "question": "Can exporters pay agency commission from the export proceeds under this LOC?",
   "answer": "No, agency commission is not payable from export proceeds. If required, exporters must use their own resources or balances in their Exchange Earners' Foreign Currency Account, and remittance can be allowed only after full realization of the eligible export value.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-179/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12455&Mode=0"
  },
  {
   "question": "Can exporters pay agency commission from the LOC proceeds?",
   "answer": "No, no agency commission is payable under this LOC. Exporters may use their own resources or EEFC balances for commission after full payment realization.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-352/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8546&Mode=0"
  },
  {
   "question": "Can exporters pay agency commission from this LOC?",
   "answer": "No, no agency commission is payable under the LOC. Exporters may use their own resources or EEFC balances for commission after full payment realization.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-499/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8751&Mode=0"
  },
  {
   "question": "Can exporters pay agency commission on exports under this LoC?",
   "answer": "No agency commission is payable from LoC proceeds. Exporters may use own resources or EEFC balances for commission after full export value realization, subject to extant RBI instructions.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11992&Mode=0"
  },
  {
   "question": "Can exporters pay agency commission on these exports?",
   "answer": "No agency commission is payable for export under the LoC, but if required, the exporter may use own resources or EEFC balances for payment of commission in free foreign exchange after full realization of eligible export value, subject to extant instructions.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-122/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12190&Mode=0"
  },
  {
   "question": "Can exporters pay agency commission under this LOC?",
   "answer": "No agency commission is payable from the LOC itself, but exporters may use their own resources or EEFC balances for commission after full payment realization.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-189/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8314&Mode=0"
  },
  {
   "question": "Can exporters pay agency commission under this STLoC?",
   "answer": "No, agency commission is not payable from the credit. Exporters may use their own resources or EEFC balances for commission after full export value realization.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12405&Mode=0"
  },
  {
   "question": "Can exporters pay commission under this LoC?",
   "answer": "No agency commission is payable under the LoC itself, but exporters may use their own resources or EEFC balances for commission in free foreign exchange after full export value realization.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-181/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12253&Mode=0"
  },
  {
   "question": "Can FIIs now invest directly in ARC equity?",
   "answer": "Yes, the earlier prohibition on FII investment in ARC equity has been removed, subject to the 74% combined cap and individual FII holding not exceeding 10% of paid-up capital.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-191/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8318&Mode=0"
  },
  {
   "question": "Can foreign investors still invest in Treasury Bills?",
   "answer": "No. Fresh investment in T-bills is prohibited. Only existing T-bill investments are allowed to taper off on maturity or sale.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-556/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8828&Mode=0"
  },
  {
   "question": "Can FPIs invest in InvIT and REIT debt under any route?",
   "answer": "Yes, FPIs can invest in debt securities issued by InvITs and REITs under the Medium-Term Framework (MTF) or the Voluntary Retention Route (VRR), subject to the limits and conditions of those routes.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12188&Mode=0"
  },
  {
   "question": "Can gold imported under AA/DFIA be sold in the domestic market?",
   "answer": "No, the circular explicitly states that gold imported under AA/DFIA must be used solely for export purposes, with no diversion for domestic use permitted.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-367/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8562&Mode=0"
  },
  {
   "question": "Can HFCs include quarterly profits in Owned Fund without audit?",
   "answer": "No, inclusion requires that quarterly financial statements undergo a limited review or audit by the statutory auditors.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-228/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13313&Mode=0"
  },
  {
   "question": "Can I carry more than Rs 25,000 in Indian currency abroad?",
   "answer": "No, the RBI circular sets a maximum of Rs 25,000 for residents and eligible non-residents. Any amount above this is not permitted under this circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-648/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8949&Mode=0"
  },
  {
   "question": "Can I now remit funds under LRS to IFSCs for purposes other than investments and education fees?",
   "answer": "Yes, the circular allows remittances for all permissible LRS purposes, including availing financial services/products within IFSCs and undertaking transactions in other foreign jurisdictions through an FCA held in IFSCs.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12699&Mode=0"
  },
  {
   "question": "Can I now use LRS to pay tuition fees to a foreign university located in an IFSC?",
   "answer": "Yes, RBI has allowed remittances under LRS for 'studies abroad' to pay fees to foreign universities or institutions in IFSCs, provided the courses are covered by the government's gazette notification.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12518&Mode=0"
  },
  {
   "question": "Can I partially encash my bond investment?",
   "answer": "No, partial encashment of a single application is not permitted. You must encash the entire amount invested through that application.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-206/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8352&Mode=0"
  },
  {
   "question": "Can I pay LSF for a return that is 4 years overdue?",
   "answer": "No. The LSF option is available only up to three years from the due date. For delays beyond three years, you are liable for penal action under FEMA, 1999.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-122/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12393&Mode=0"
  },
  {
   "question": "Can I submit multiple competitive bids?",
   "answer": "Yes, an investor can submit more than one competitive bid at different prices, but the total amount of all bids must not exceed the notified amount of the auction.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-578/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8865&Mode=0"
  },
  {
   "question": "Can I use LRS to buy shares of an overseas company that are not listed on a stock exchange?",
   "answer": "Yes, RBI clarifies that LRS can be used to acquire both listed and unlisted shares of an overseas company, as per the modified Master Circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-222/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8371&Mode=0"
  },
  {
   "question": "Can IDF-NBFCs now raise funds through commercial papers?",
   "answer": "Yes, IDF-NBFCs can raise up to 10% of their total outstanding borrowings through shorter tenor bonds and commercial papers to improve asset-liability management.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12528&Mode=0"
  },
  {
   "question": "Can importers who already booked contracts at 25% now book more?",
   "answer": "Yes, they are eligible to book the difference between the new 50% limit and the amount already booked in the current financial year.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-613/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8906&Mode=0"
  },
  {
   "question": "Can individuals hedge commodity price risk under this direction?",
   "answer": "No. Eligible entities are defined as residents other than individuals, so individuals cannot directly use this facility.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-153/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12428&Mode=0"
  },
  {
   "question": "Can individuals hedge commodity price risk under this Master Direction?",
   "answer": "No, the Direction defines 'eligible entities' as residents other than individuals, so individuals are not covered.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12427&Mode=0"
  },
  {
   "question": "Can individuals participate directly in the auction?",
   "answer": "Individuals can participate via the non-competitive bidding facility, which is capped at 5% of the notified amount. Banks submit consolidated non-competitive bids on their behalf.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-563/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8839&Mode=0"
  },
  {
   "question": "Can insurance premium be charged to MSME sellers?",
   "answer": "No, the RBI circular explicitly states that insurance premium shall not be levied on the MSME seller.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12510&Mode=0"
  },
  {
   "question": "Can lenders still increase EMI without borrower consent?",
   "answer": "No. At each reset, lenders must give borrowers a choice to increase EMI, extend tenor, or both. Unilateral changes without proper communication are not allowed.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12529&Mode=0"
  },
  {
   "question": "Can LTD be issued to non-members?",
   "answer": "Yes, LTD can be issued to members and non-members, including those outside the bank's area of operations, with prior permission from RCS and RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-433/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8677&Mode=0"
  },
  {
   "question": "Can margin be posted outside India?",
   "answer": "Yes, AD Cat-I banks can post or collect margin outside India in freely convertible foreign currency or debt securities issued by foreign sovereigns with a credit rating of AA- or above from S&P/Fitch, or Aa3 or above from Moody's.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12028&Mode=0"
  },
  {
   "question": "Can MGCs include quarterly profits in Owned Fund immediately?",
   "answer": "Yes, effective March 10, 2026, provided the financials are subject to limited review/audit and profits are reduced by average dividends of the last three years.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-230/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13315&Mode=0"
  },
  {
   "question": "Can my bank change its Base Rate methodology now if it started operations in 2012?",
   "answer": "Yes, if your bank commenced operations after July 2010 and has not completed one year of operations as of September 2, 2013, you can revise the methodology within one year from the date of commencement of business.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-211/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8360&Mode=0"
  },
  {
   "question": "Can my bank still offer gold loans to individuals for personal use?",
   "answer": "Yes, loans against gold jewellery or ornaments for personal purposes are not prohibited. The amendment only bans loans for purchasing gold/silver or against primary gold/silver and related financial assets.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12903&Mode=0"
  },
  {
   "question": "Can my UCB offer internet banking without RBI approval?",
   "answer": "Only view-only banking facility (balance enquiry, statement download, etc.) is allowed without prior RBI approval, provided your bank has CBS and IPv6 enabled. Transactional banking (funds transfer, loans, etc.) requires explicit authorisation from RBI under these directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-385/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13034&Mode=0"
  },
  {
   "question": "Can NBFC-Base Layer voluntarily adopt CFSS?",
   "answer": "Yes, the circular encourages all NBFCs, including Base Layer and those with fewer than 10 units, to consider implementing CFSS for their own benefit, though it is not mandatory for them.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-175/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12247&Mode=0"
  },
  {
   "question": "Can NBFCs adopt these directions before April 1, 2026?",
   "answer": "Yes, NBFCs may adopt the amendment in entirety from an earlier date. However, if they do, the new risk weights will apply to all relevant exposures from that date.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-168/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13244&Mode=0"
  },
  {
   "question": "Can NBFCs now treat DLG as a separate financial guarantee for provisioning?",
   "answer": "No. The DLG must be integral to the loan's contractual terms and cannot be recognised separately under IndAS. It is factored into the ECL calculation as part of the loan portfolio.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-210/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13294&Mode=0"
  },
  {
   "question": "Can new applicants still submit paper applications for FFMC or non-bank AD Cat-II licences?",
   "answer": "No, all new applications must be submitted only through the APConnect portal.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12485&Mode=0"
  },
  {
   "question": "Can non-lending banks open current accounts for borrowers?",
   "answer": "No, non-lending banks are not permitted to open current accounts for borrowers. They can only open collection accounts, which must transfer funds to the designated CC/OD account within two working days.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12184&Mode=0"
  },
  {
   "question": "Can non-residents carry more than ₹10,000 beyond immigration?",
   "answer": "No, the circular sets a maximum of ₹10,000 for carrying Indian currency beyond immigration/customs to the duty-free/security hold area. Any excess must be disposed of before that point.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-259/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8417&Mode=0"
  },
  {
   "question": "Can NRIs invest in any company under PIS now?",
   "answer": "No, NRIs cannot invest in companies engaged in chit funds, Nidhi, agriculture, real estate (except specified developments), farm houses, tobacco products, or TDRs, as per FEMA restrictions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-192/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8325&Mode=0"
  },
  {
   "question": "Can NRIs invest on a non-repatriation basis?",
   "answer": "Yes, NRIs are allowed to invest in these instruments on both repatriation and non-repatriation basis, as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-632/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8928&Mode=0"
  },
  {
   "question": "Can our foreign branch offer any structured product now?",
   "answer": "Only at established financial centers like New York, London, Singapore, Hong Kong, Frankfurt, and Dubai. At other centers, only products permitted in India are allowed.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-588/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8874&Mode=0"
  },
  {
   "question": "Can our GIFT City branch deal in products not allowed in India?",
   "answer": "Yes, the circular explicitly permits IFSC branches to deal in such products, subject to the same conditions as foreign branches.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-145/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12417&Mode=0"
  },
  {
   "question": "Can PAs continue operations while their application is pending?",
   "answer": "Yes, they are permitted to continue operations until they receive communication from RBI regarding the fate of their application.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12362&Mode=0"
  },
  {
   "question": "Can payments banks pay interest on current accounts under the new Directions?",
   "answer": "No, the Directions define current accounts as non-interest bearing demand deposits, so interest cannot be paid on them.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-212/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13096&Mode=0"
  },
  {
   "question": "Can PDs transfer additional securities to HTM this quarter?",
   "answer": "Yes, one additional transfer to HTM is allowed for the current quarter.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-243/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8398&Mode=0"
  },
  {
   "question": "Can PSLC-SF/MF now be used to meet the agriculture target directly?",
   "answer": "Yes, as per the revised table, PSLC-SF/MF counts for the agriculture target in addition to other sub-targets.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-131/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12798&Mode=0"
  },
  {
   "question": "Can RBI impose PCA during the year without waiting for annual results?",
   "answer": "Yes, RBI may impose PCA on any NBFC during the course of a year, including migration from one threshold to another, if circumstances warrant.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-139/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12208&Mode=0"
  },
  {
   "question": "Can RCBs transfer performing loans under these Directions?",
   "answer": "No, RCBs are permitted only as transferors of stressed loans under Chapter IV and cannot transfer performing loans or act as transferees in any loan transfers.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-307/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12997&Mode=0"
  },
  {
   "question": "Can reclassification happen in any sector?",
   "answer": "No, reclassification is not permitted in sectors where FDI is prohibited. The investee company must also confirm compliance with sectoral caps and government approvals.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12749&Mode=0"
  },
  {
   "question": "Can regulated entities allow liquidation of packing credit facilities?",
   "answer": "Yes, from alternate sources such as domestic sale proceeds or substitution of contract with proceeds of another export order.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-263/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13355&Mode=0"
  },
  {
   "question": "Can remittances be made for any purpose under the new limit?",
   "answer": "Remittances are allowed for any permitted current or capital account transaction, but not for prohibited activities like margin trading or lottery.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-624/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8918&Mode=0"
  },
  {
   "question": "Can resident entities now hedge gold price risk using OTC derivatives outside IFSC?",
   "answer": "No, the circular only permits OTC derivatives in IFSC, not in other overseas markets.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12662&Mode=0"
  },
  {
   "question": "Can resident individuals invest in any security in IFSCs under this LRS facility?",
   "answer": "No, investments are permitted only in securities issued by entities resident in IFSCs, not those issued by entities/companies resident outside IFSC in India.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12029&Mode=0"
  },
  {
   "question": "Can retail investors access NDS-OM under this new framework?",
   "answer": "Yes, through the Stock Broker Connect mechanism, which allows stock brokers to provide NDS-OM access to individual clients with demat accounts.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2024-25-127/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13376&Mode=0"
  },
  {
   "question": "Can revaluation reserves be included in CET1 capital?",
   "answer": "Yes, at the NBFC's discretion, revaluation reserves can be included in CET1 capital at a 55% discount, provided conditions like independent valuation every 3 years and no legal impediment to sale are met.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12296&Mode=0"
  },
  {
   "question": "Can revaluation reserves be used to meet Tier-1 capital requirements?",
   "answer": "Yes, but only at a 55% discount and subject to conditions like independent valuations every three years, no legal impediment to sale, and no qualified audit opinion on revaluation.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-146/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12418&Mode=0"
  },
  {
   "question": "Can RRBs and co-operative banks acquire loans under this Master Direction?",
   "answer": "No, they are permitted only as transferors of stressed loans under Chapter IV and cannot act as transferees or transferors in any other type of loan transfer.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12166&Mode=0"
  },
  {
   "question": "Can RRBs charge for digital payment transactions in BSBD accounts?",
   "answer": "Charges on digital payment transactions must follow guidelines from RBI's Department of Payment and Settlement Systems, NPCI, or Government of India. These transactions are not counted as withdrawals for the free limit.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13177&Mode=0"
  },
  {
   "question": "Can RRBs continue to pay interest at quarterly rests if they prefer?",
   "answer": "Yes, the circular gives RRBs an option to pay at shorter intervals, but they are not mandated to change from quarterly rests.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-393/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8612&Mode=0"
  },
  {
   "question": "Can RRBs expense less than 20% of the pension liability in any year?",
   "answer": "No, the circular mandates a minimum of 20% of the total pension liability must be expensed each year during the amortisation period.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-127/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12794&Mode=0"
  },
  {
   "question": "Can RRBs now borrow and lend in the call money market?",
   "answer": "Yes, RRBs are permitted to participate both as borrowers and lenders in the call/notice/term money market, effective immediately.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12006&Mode=0"
  },
  {
   "question": "Can RRBs now offer any interest rate on NRE deposits?",
   "answer": "Only on NRE deposits with maturity of 3 years and above; for shorter tenors, the earlier ceiling (not higher than comparable domestic deposits) still applies.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-193/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8326&Mode=0"
  },
  {
   "question": "Can RRBs transfer unreconciled ATM credit balances to profit and loss account?",
   "answer": "No. RBI explicitly prohibits transferring such balances (from failed ATM transactions like retraction failures or sensor errors) to P&L. They must be treated as unclaimed balances pending reconciliation or customer claim.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-269/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8432&Mode=0"
  },
  {
   "question": "Can SC/RCs use more than 25% of QIB funds for restructuring?",
   "answer": "No, the circular clearly caps the utilization at 25% of the funds raised under a scheme from QIBs.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-522/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8775&Mode=0"
  },
  {
   "question": "Can SDF balances be used for both SLR and CRR maintenance?",
   "answer": "No, SDF balances are eligible only for SLR maintenance, not for CRR. They count as 'cash' for SLR but are excluded from CRR calculations.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12289&Mode=0"
  },
  {
   "question": "Can SFBs classify existing on-lending to MFIs under this dispensation?",
   "answer": "No, only fresh credit extended after the circular date (May 5, 2021) qualifies for PSL classification under this scheme.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12081&Mode=0"
  },
  {
   "question": "Can SFBs lend to any NBFC-MFI under this facility?",
   "answer": "No, SFBs can only lend to registered NBFC-MFIs and other MFIs that are members of an RBI-recognized Self-Regulatory Organisation and have a gross loan portfolio of up to ₹500 crore as on March 31 of the previous financial year.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12317&Mode=0"
  },
  {
   "question": "Can SFBs lend to unlisted InvITs?",
   "answer": "No. The directions explicitly permit lending only to listed InvITs, including those under SEBI InvIT Regulations sub-regulations 14(2) and 14(4), provided the 80% completed-asset condition is met and such assets have generated positive cash flows for at least one year.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13481&Mode=0"
  },
  {
   "question": "Can SFBs refinance existing SPV loans through InvIT lending?",
   "answer": "Yes, but only for credit facilities towards completed projects that have achieved commencement of commercial operations. Refinancing of stressed SPVs is not allowed.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13481&Mode=0"
  },
  {
   "question": "Can SFBs use these derivatives for trading or speculation?",
   "answer": "No, the permission is specifically for hedging interest rate risk in their balance sheet and commercial operations, not for proprietary trading or speculation.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12668&Mode=0"
  },
  {
   "question": "Can SHGs with disabled members open savings accounts?",
   "answer": "Yes, banks must open savings accounts for all SHGs, including those with members having disabilities, as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12360&Mode=0"
  },
  {
   "question": "Can SPDs include quarterly profits in Tier 1 capital immediately?",
   "answer": "Yes, with immediate effect, but only if the quarterly financial statements are subjected to limited review or audit by statutory auditors, and the profits are reduced by 0.25 times the average dividend paid in the last three years.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-232/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13317&Mode=0"
  },
  {
   "question": "Can SPDs now trade equity derivatives on their own account?",
   "answer": "Yes, SPDs are permitted to take up trading and self-clearing membership with SEBI-approved exchanges for proprietary transactions in equity and equity derivatives, subject to SEBI norms.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-127/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12398&Mode=0"
  },
  {
   "question": "Can StCBs/DCCBs now lend to commercial real estate projects?",
   "answer": "Yes, but only for Commercial Real Estate-Residential Housing (CRE-RH), which includes loans to builders for residential housing projects. Such projects must not have non-residential commercial space exceeding 10% of total FSI. This lending is within the existing 5% of total assets aggregate housing finance limit.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12335&Mode=0"
  },
  {
   "question": "Can term SDF deposits also be counted as HQLA?",
   "answer": "The circular specifically addresses overnight balances only. Term SDF deposits are not mentioned, so they should not be treated as HQLA until further clarification.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-141/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12413&Mode=0"
  },
  {
   "question": "Can the advance be used to repay existing Rupee loans classified as NPA?",
   "answer": "No, the circular explicitly prohibits using such export advances to liquidate Rupee loans that are classified as non-performing assets (NPA) as per RBI norms.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-597/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8890&Mode=0"
  },
  {
   "question": "Can the board chair also serve as chair of the Audit Committee?",
   "answer": "No, the board chair cannot be a member of the Audit Committee (ACB). The ACB must be chaired by an independent director who does not chair any other committee of the board.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-24/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12078&Mode=0"
  },
  {
   "question": "Can the CRO also hold other roles like CEO or CFO?",
   "answer": "No, dual hatting is prohibited. The CRO cannot have any other responsibility such as CEO, COO, CFO, or Chief of Internal Audit, ensuring independence from business verticals.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12121&Mode=0"
  },
  {
   "question": "Can the differential interest rate be set below the base rate?",
   "answer": "No, the RBI circular explicitly states that the differential rate of interest for MSE borrowers must not be below the bank's base rate.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-564/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8840&Mode=0"
  },
  {
   "question": "Can the ECB proceeds be on-lent to group companies or step-down subsidiaries?",
   "answer": "No, such ECBs cannot be used for any purpose not permitted under extant ECB guidelines, including on-lending to group companies or step-down subsidiaries in India.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-221/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8370&Mode=0"
  },
  {
   "question": "Can the GIFT-IFSC branch undertake any other activities as a PCM?",
   "answer": "No, the branch must restrict its role to clearing and settling trades as a professional clearing member and cannot engage in any other transactions on IIBX.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12330&Mode=0"
  },
  {
   "question": "Can the HIA report to a business vertical head?",
   "answer": "No, the HIA must not have any reporting relationship with business verticals and should not be given any business targets. The reporting line is directly to the Audit Committee of the Board, MD & CEO, or Whole Time Director.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12011&Mode=0"
  },
  {
   "question": "Can the rupee amount for equity issuance be lower than the computed equivalent?",
   "answer": "Yes, RBI has no objection if the borrower and lender mutually agree to a lower rupee amount.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-449/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8695&Mode=0"
  },
  {
   "question": "Can the swap be used for ECBs that already have embedded options?",
   "answer": "No. The facility excludes borrowings that contain embedded options or are raised for refinancing/repayment of existing ECBs.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13469&Mode=0"
  },
  {
   "question": "Can these accounts still be used for other transactions without becoming dormant?",
   "answer": "Yes, but banks must exercise due diligence on all transactions. The exemption from dormancy classification is only for the purpose of receiving government credits; other operations are subject to normal safeguards.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-262/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8425&Mode=0"
  },
  {
   "question": "Can third party payments be made to or from non-FATF countries?",
   "answer": "No, payments must be to or from a Financial Action Task Force (FATF) compliant country only.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-364/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8559&Mode=0"
  },
  {
   "question": "Can this additional current account be used for import settlements?",
   "answer": "No, the circular specifies that this account is exclusively for settlement of export transactions, not imports.",
   "page": "https://bankpulse.ai/c/rbi-2023-2024-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12568&Mode=0"
  },
  {
   "question": "Can Tier 3 and Tier 4 UCBs offer housing loans beyond 20 years?",
   "answer": "Yes, they are permitted to determine tenor as per their board-approved policies, without the 20-year cap.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13404&Mode=0"
  },
  {
   "question": "Can Tier II capital exceed Tier I capital for CRAR compliance?",
   "answer": "No, the total of Tier II capital is limited to a maximum of 100% of total Tier I capital for the purpose of compliance with CRAR norms.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12654&Mode=0"
  },
  {
   "question": "Can Tier II capital exceed Tier I capital?",
   "answer": "No, Tier II capital is limited to a maximum of 100% of total Tier I capital for CRAR compliance.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12279&Mode=0"
  },
  {
   "question": "Can tokens be issued by both the card network and the issuer?",
   "answer": "Yes, the token may be issued by either the card network, the issuer, or both, as per the requirements.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12573&Mode=0"
  },
  {
   "question": "Can UCBs and NBFCs adopt these guidelines later in FY 2021-22?",
   "answer": "Yes, since these guidelines apply to UCBs and NBFCs for the first time from FY 2021-22, they have the flexibility to adopt them from the second half (H2) of FY 2021-22 to avoid disruption.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12079&Mode=0"
  },
  {
   "question": "Can UCBs issue LTDs to anyone now?",
   "answer": "Yes, UCBs can issue LTDs to both members and non-members, including those outside the bank's area of operation, subject to compliance with bye-laws, cooperative acts, and approvals from RBI and the Registrar.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-530/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8784&Mode=0"
  },
  {
   "question": "Can UCBs issue performance guarantees?",
   "answer": "Only scheduled UCBs may issue performance guarantees, subject to exercising due caution. Non-scheduled UCBs are restricted to financial guarantees only.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12187&Mode=0"
  },
  {
   "question": "Can UCBs now issue perpetual bonds for Tier 1 capital?",
   "answer": "Yes, UCBs can issue Perpetual Non-Cumulative Preference Shares (PNCPS) and Perpetual Debt Instruments (PDI) eligible for Tier 1 capital, subject to the guidelines in Annex I and II.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-179/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12251&Mode=0"
  },
  {
   "question": "Can UCBs provide trading tips or portfolio management to customers under this facility?",
   "answer": "No, the Board Resolution must state that the UCB will not offer tips/recommendations for online trading or undertake portfolio management services.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-645/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8944&Mode=0"
  },
  {
   "question": "Can UCBs still charge a flat monthly fee for SMS alerts?",
   "answer": "No. The circular requires charges to be levied on actual usage basis, so flat fees are not permitted.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-403/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8622&Mode=0"
  },
  {
   "question": "Can UCBs still use DEF to pay dividends in loss years?",
   "answer": "No. The circular reiterates that dividends can only be paid from current year net profit after all provisions and loss adjustments. DEF balances must be transferred to reserves and cannot be used for dividend payments.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12714&Mode=0"
  },
  {
   "question": "Can UCBs still use term deposits with PSBs for SLR after March 31, 2015?",
   "answer": "No. Term deposits with PSBs are eligible only as an interim measure until March 31, 2015. From April 1, 2015, they will not count toward SLR.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-628/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8922&Mode=0"
  },
  {
   "question": "Can UCBs use IFR above the minimum to boost profits?",
   "answer": "Yes, UCBs may draw down IFR in excess of 5% of their investment in AFS and HFT to credit the profit and loss account at the end of any accounting year, at their discretion.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13454&Mode=0"
  },
  {
   "question": "Can unlisted companies now raise funds abroad without any domestic listing?",
   "answer": "Yes, for a two-year period from the government notification date, unlisted Indian companies can raise capital abroad via ADRs/GDRs without prior or subsequent domestic listing, subject to conditions like listing on IOSCO/FATF-compliant exchanges and FDI norms.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-363/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8558&Mode=0"
  },
  {
   "question": "Can unlisted Indian entities invest in overseas funds directly?",
   "answer": "Yes, but only in funds set up in International Financial Services Centres (IFSCs). For funds outside IFSCs, only listed Indian companies and resident individuals are permitted.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12691&Mode=0"
  },
  {
   "question": "Can unlisted shares be pledged under this circular?",
   "answer": "No, only equity shares listed on a recognised stock exchange in India can be pledged in favour of NBFCs.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-633/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8930&Mode=0"
  },
  {
   "question": "Can unregistered SHGs open savings accounts?",
   "answer": "Yes, both registered and unregistered SHGs can open savings bank accounts, even if they haven't availed credit earlier, subject to simplified KYC norms.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-05/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12649&Mode=0"
  },
  {
   "question": "Can unregistered SHGs open savings bank accounts?",
   "answer": "Yes, both registered and unregistered SHGs can open savings bank accounts, even if they have not availed credit from banks, subject to simplified customer due diligence as per KYC norms.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-02/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12266&Mode=0"
  },
  {
   "question": "Can urban co-operative banks expand their business?",
   "answer": "Well-managed UCBs meeting defined criteria have been allowed a broader set of activities and branch expansion under a tiered regulatory approach. Read the applicable circular in the cluster below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Can V-CIP be used for all customer types?",
   "answer": "Yes, V-CIP is allowed for onboarding individual customers, proprietors of proprietorship firms, authorised signatories, and beneficial owners of legal entities. For proprietorship firms, you must also obtain e-documents for activity proofs.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12089&Mode=0"
  },
  {
   "question": "Can we accept a customer's printed e-Aadhaar without verification?",
   "answer": "No. If the customer brings a downloaded e-Aadhaar, you must either print it directly from UIDAI portal, use e-KYC, or confirm identity via simple authentication. Unverified copies are not valid.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-514/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8766&Mode=0"
  },
  {
   "question": "Can we accept e-Aadhaar downloaded by the customer themselves?",
   "answer": "Yes, but you must either print the e-Aadhaar from UIDAI portal in the bank, use e-KYC, or confirm identity/address through UIDAI's simple authentication service.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-510/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8762&Mode=0"
  },
  {
   "question": "Can we approve re-schedulement for ECBs that have already matured?",
   "answer": "No. Re-schedulement is allowed only once, before the original maturity of the ECB. Any elongation after maturity still requires prior RBI approval.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-584/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8870&Mode=0"
  },
  {
   "question": "Can we avoid DTL if our board has passed a resolution not to withdraw from Special Reserve?",
   "answer": "No. RBI has clarified that DTL must be created as a matter of prudence under AS 22, regardless of any board resolution or stated intent. The circular explicitly rejects that argument.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-619/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8913&Mode=0"
  },
  {
   "question": "Can we cancel the swap with RBI if the deposit is prematurely withdrawn?",
   "answer": "No, swaps undertaken with RBI cannot be cancelled, even if the underlying deposit is withdrawn prematurely after the one-year lock-in.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13468&Mode=0"
  },
  {
   "question": "Can we claim agency commission for collecting stamp duty via e-challan?",
   "answer": "Yes, if the bank collects stamp duty through physical or e-mode (challan based) and does not charge the public or receive separate remuneration from the state government for this work, it is eligible for agency commission.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12058&Mode=0"
  },
  {
   "question": "Can we collect optional information from customers at all?",
   "answer": "Yes, but only after the account is opened and with the customer's explicit consent. The customer must be told which information is mandatory for KYC and which is optional.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-228/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8377&Mode=0"
  },
  {
   "question": "Can we credit an account payee cheque to a third party if the payee authorizes it?",
   "answer": "No. The circular strictly prohibits crediting account payee cheques to anyone other than the named payee, regardless of authorization. Only the exception for cooperative credit societies up to Rs.50,000 applies.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-472/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8720&Mode=0"
  },
  {
   "question": "Can we credit RDA remittances to non-KYC compliant accounts?",
   "answer": "No. The recipient bank must first complete KYC/CDD of the beneficiary before crediting or allowing withdrawal from such accounts.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-560/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8832&Mode=0"
  },
  {
   "question": "Can we credit remittances to NRE/NRO accounts under this facility?",
   "answer": "No, the Partner Bank must add an alert in the electronic message that the remittance should not be credited to NRE/NRO accounts or KYC non-compliant accounts.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-511/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8763&Mode=0"
  },
  {
   "question": "Can we destroy records that are exactly 5 years old from the date of transaction?",
   "answer": "Yes, once the 5-year period from the date of the transaction or account closure (whichever is later) has elapsed, you may destroy those records, provided no other law requires longer retention.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-657/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8959&Mode=0"
  },
  {
   "question": "Can we immediately delete records older than 5 years?",
   "answer": "Yes, but only after ensuring that no other legal or regulatory requirement mandates a longer retention period. Also, maintain a proper record of destruction as per your internal policies.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-658/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8960&Mode=0"
  },
  {
   "question": "Can we include quarterly profits without an audit?",
   "answer": "No. The quarterly statements must undergo a limited audit or review by the statutory auditor before the profit can be counted.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-226/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13311&Mode=0"
  },
  {
   "question": "Can we include quarterly profits without audit?",
   "answer": "No, quarterly profits can only be included if the financial statements are subjected to limited review or audit by the statutory auditors on a quarterly basis.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-229/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13314&Mode=0"
  },
  {
   "question": "Can we issue guarantees for more than 10 years now?",
   "answer": "Yes, but only for long-term project loans where the bank also extends the loan beyond 10 years. You must assess the impact on Asset Liability Management before issuing such guarantees.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12471&Mode=0"
  },
  {
   "question": "Can we issue more than 49% of our eligible amount in foreign currency bonds?",
   "answer": "No. The circular clearly states that not more than 49% of the eligible amount can be issued in foreign currency and/or rupee-denominated bonds overseas.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12173&Mode=0"
  },
  {
   "question": "Can we issue PPIs for all public transport systems now?",
   "answer": "Yes, RBI has permitted authorised bank and non-bank PPI issuers to issue PPIs for payments across various public transport systems, effective immediately.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-126/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12612&Mode=0"
  },
  {
   "question": "Can we lend these funds in rupees instead of foreign currency?",
   "answer": "No, the circular specifically permits lending in foreign currency only to constituents in India.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12356&Mode=0"
  },
  {
   "question": "Can we modify the range during an auction?",
   "answer": "Yes, the range can be set before the auction and modified during the auction, as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-163/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12436&Mode=0"
  },
  {
   "question": "Can we now approve trade credit for any sector for capital goods imports?",
   "answer": "Yes, RBI has removed the infrastructure sector restriction, allowing all sectors to avail trade credit up to USD 20 million for up to five years for importing capital goods as classified by DGFT.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-290/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8459&Mode=0"
  },
  {
   "question": "Can we offer bullet repayment for gold loans above Rs 1 lakh?",
   "answer": "No, this facility is strictly limited to loans not exceeding Rs 1 lakh at any point of time. Larger loans must follow existing amortising structures.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-419/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8657&Mode=0"
  },
  {
   "question": "Can we offer FCS-OIS to resident Indian entities?",
   "answer": "No, the circular specifically permits these transactions only with persons not resident in India and other AD Cat-I banks. Resident entities are not covered under this relaxation.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-157/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12229&Mode=0"
  },
  {
   "question": "Can we offer higher NRE rates than domestic deposits now?",
   "answer": "Yes, but only for NRE deposits with a maturity of 3 years or more. For shorter tenors, the old rule (not higher than comparable domestic deposits) still applies.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-197/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8338&Mode=0"
  },
  {
   "question": "Can we offer higher rates on NRE deposits below 3 years maturity?",
   "answer": "No, the deregulation applies only to NRE deposits with maturity of 3 years and above. For shorter tenors, the earlier ceiling (not higher than comparable domestic rupee deposits) continues to apply.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-215/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8364&Mode=0"
  },
  {
   "question": "Can we open more Tier 1 branches than our eligibility if we open branches in underbanked districts?",
   "answer": "Yes, banks can open additional Tier 1 branches equal to the number of branches opened in Tier 2-6 centres of underbanked districts of underbanked states, excluding those rural branches opened in unbanked rural centres that are part of the 25% requirement.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-274/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8438&Mode=0"
  },
  {
   "question": "Can we open multiple additional current accounts under this circular?",
   "answer": "The circular permits opening one additional special current account per constituent for both export and import settlements. It does not explicitly allow multiple accounts, so banks should adhere to the single-account provision unless further guidance is issued.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12693&Mode=0"
  },
  {
   "question": "Can we operate a branch from temporary premises without prior RBI approval?",
   "answer": "Yes, for up to 30 days, you only need to advise the concerned RBI Regional Office. Beyond 30 days, specific approval is required.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13410&Mode=0"
  },
  {
   "question": "Can we process remittances for a JV/WOS commitment made before August 14, 2013, under the 400% limit?",
   "answer": "Yes, provided the commitment was validly contracted on or before August 14, 2013. The AD bank must verify the contract's authenticity and report the case post facto to RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-220/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8369&Mode=0"
  },
  {
   "question": "Can we register new recurring mandates during the extended period?",
   "answer": "Yes, but only if they are fully compliant with the framework; non-compliant new mandates are not allowed.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12051&Mode=0"
  },
  {
   "question": "Can we reject a client's cheque if it includes paise?",
   "answer": "No. The circular explicitly states that NBFCs must not reject cheques or drafts issued by clients that contain fractions of a rupee.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-609/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8902&Mode=0"
  },
  {
   "question": "Can we rely entirely on the custodian's KYC for FPIs?",
   "answer": "Yes, but only if the custodian is SEBI-regulated and certifies that documents have been verified with originals. You must also keep a signed transfer record and remain ultimately responsible for due diligence.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-644/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8943&Mode=0"
  },
  {
   "question": "Can we rely on KYC done by any third party for FPIs?",
   "answer": "Only on KYC verification done by SEBI-regulated custodians or intermediaries for FPIs that are duly registered with SEBI and have undergone the required KYC due diligence/verification through such entities, subject to conditions in Rule 9(2) of PMLA Rules. You remain ultimately responsible for due diligence.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-552/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8824&Mode=0"
  },
  {
   "question": "Can we reverse the entire excess provision on a loan sale to an ARC if we receive government-guaranteed SRs?",
   "answer": "Yes, if the sale consideration is only cash and government-guaranteed SRs, you can reverse the full excess provision to P&L in the transfer year. However, the non-cash portion (excess provision minus cash received) must be deducted from CET1 capital, and no dividends can be paid from that component.",
   "page": "https://bankpulse.ai/c/rbi-dor-2024-25-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12804&Mode=0"
  },
  {
   "question": "Can we sell a standard asset to an SC/RC?",
   "answer": "Yes, but only if the asset is under consortium/multiple banking, at least 75% by value of the asset is NPA in other banks' books, and at least 75% by value of lenders agree to the sale.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-502/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8756&Mode=0"
  },
  {
   "question": "Can we sell standard assets to SC/RCs?",
   "answer": "Yes, but only if the asset is part of a consortium/multiple banking arrangement where at least 75% by value is classified as NPA in other banks' books, and 75% of consortium banks agree to the sale.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-543/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8810&Mode=0"
  },
  {
   "question": "Can we shift excess HTM securities to AFS/HFT outside the annual window?",
   "answer": "Yes, RBI allows shifting of excess SLR securities from HTM to AFS/HFT during the quarter in which the HTM ceiling is reduced, in addition to the annual shift permitted at the start of the accounting year.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12024&Mode=0"
  },
  {
   "question": "Can we shift excess SLR securities from HTM to AFS/HFT during the reduction period?",
   "answer": "Yes, RBI allows such shifting during the quarter in which the HTM ceiling is reduced, in addition to the annual shift permitted at the beginning of the accounting year.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11982&Mode=0"
  },
  {
   "question": "Can we skip recognising the full liability in FY2021-22?",
   "answer": "No, the full liability must be recognised as per accounting standards. Only the expense recognition in the Profit and Loss Account can be amortised over up to five years.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12172&Mode=0"
  },
  {
   "question": "Can we still accept physical Aadhaar letters after this circular?",
   "answer": "Yes, physical Aadhaar cards or letters issued by UIDAI continue to be accepted as an Officially Valid Document. The e-KYC option is an additional, paperless alternative.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-263/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8426&Mode=0"
  },
  {
   "question": "Can we still accept physical Aadhaar letters for KYC?",
   "answer": "Yes, physical Aadhaar cards or letters issued by UIDAI continue to be accepted as an 'Officially Valid Document' under PML Rules.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-209/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8357&Mode=0"
  },
  {
   "question": "Can we still avoid DTL if our Board has passed a resolution not to withdraw from Special Reserve?",
   "answer": "No. RBI has clarified that DTL must be created as a matter of prudence, regardless of any Board resolution or intent to not withdraw.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-412/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8638&Mode=0"
  },
  {
   "question": "Can we still collect optional customer information for cross-selling?",
   "answer": "Yes, but only after account opening and with explicit customer consent. The customer must know which data is mandatory for KYC and which is optional. Such data cannot be used for cross-selling without separate consent.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-213/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8362&Mode=0"
  },
  {
   "question": "Can we still collect optional information from customers?",
   "answer": "Yes, but only after the account is opened and with the customer's explicit consent. The customer must be told which fields are mandatory and which are optional.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-261/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8419&Mode=0"
  },
  {
   "question": "Can we still derive risk weights for our unrated facility if the ECAI discloses the rated facility of another bank?",
   "answer": "Yes, but only if the ECAI press release discloses the name of the bank and the specific facility rated. If that disclosure is made, the other banks can derive risk weights subject to conditions in paragraph 6.8.1(i) of the Master Circular. If no disclosure, no bank can use the rating.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-125/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12396&Mode=0"
  },
  {
   "question": "Can we still exclude sold options from capital requirements if they are part of a netting agreement?",
   "answer": "No. The exclusion for sold options applies only when they are outside netting and margin agreements. If they are inside, the exclusion is not available.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12376&Mode=0"
  },
  {
   "question": "Can we still file by post for the December 2013 quarter?",
   "answer": "Yes, for the quarter ending December 2013, you have the option to file either online or by post. From March 2014 onward, only online filing is allowed.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-422/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8660&Mode=0"
  },
  {
   "question": "Can we still import gold coins and medallions?",
   "answer": "No, import of gold in the form of coins and medallions is now prohibited under this circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-187/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8312&Mode=0"
  },
  {
   "question": "Can we still issue 'at par' cheques to walk-in customers for amounts over ₹50,000?",
   "answer": "No, walk-in customers can only get 'at par' cheques against cash for less than ₹50,000 per individual. For higher amounts, they must be account holders and the transaction must be debited from their account.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-344/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8538&Mode=0"
  },
  {
   "question": "Can we still issue at-par cheques to walk-in customers?",
   "answer": "Yes, but only against cash for amounts less than ₹50,000 per individual. For amounts ₹50,000 or more, the transaction must be debited to a KYC-compliant account holder's account.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-332/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8520&Mode=0"
  },
  {
   "question": "Can we still issue guarantees for our corporate client's overseas subsidiary to help it get a working capital loan from a foreign bank?",
   "answer": "Only if the loan is for the subsidiary's ordinary course of business. RBI has explicitly banned guarantees used to raise loans for purposes not connected to the overseas entity's business, such as repaying rupee loans in India.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-568/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8846&Mode=0"
  },
  {
   "question": "Can we still offer zero percent EMI on credit cards?",
   "answer": "No. RBI has clarified that zero percent interest is non-existent; such schemes hide interest as processing fees. You must discontinue them and ensure all costs are transparently disclosed as interest or fees.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-292/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8461&Mode=0"
  },
  {
   "question": "Can we still refinance an ECB if the new loan has a lower interest rate?",
   "answer": "Yes, refinancing at a lower all-in-cost remains permitted under the automatic route or approval route, provided the original maturity is maintained or extended.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-304/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8482&Mode=0"
  },
  {
   "question": "Can we still report frauds in EDSP after January 1, 2023?",
   "answer": "No, new fraud reports must be filed in DAKSH from January 1, 2023. However, you can update and close frauds that were already reported in EDSP until December 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-158/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12431&Mode=0"
  },
  {
   "question": "Can we still restrict accounts if a regulator or court orders it?",
   "answer": "Yes, the circular explicitly states that restrictions may be imposed if warranted by instructions from any regulator, enforcement agency, or court of law. This relief is only for KYC non-compliance by the customer.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12083&Mode=0"
  },
  {
   "question": "Can we still submit reports on CD if we face technical issues with FINnet?",
   "answer": "No. The circular clearly states that any report submitted on CD will not be treated as a valid submission by FIU-IND. You must resolve technical issues and use only the FINnet gateway.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-569/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8847&Mode=0"
  },
  {
   "question": "Can we still take additional cheques along with ECS mandates for safety?",
   "answer": "No. The circular explicitly states there is no need for NBFCs to take additional cheques from customers if they already have an ECS debit mandate. Doing so would violate the directive.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-359/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8555&Mode=0"
  },
  {
   "question": "Can we still use ACU for service payments like consultancy fees or royalties?",
   "answer": "No, only payments for export/import of goods and services directly tied to trade between ACU member countries are eligible. Other current account transactions are now excluded.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-328/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8517&Mode=0"
  },
  {
   "question": "Can we still use ECB from a foreign bank (not Indian-owned) to refinance rupee loans?",
   "answer": "Yes, the restriction only applies to ECB raised from overseas branches or subsidiaries of Indian banks. ECB from unrelated foreign lenders remains permitted for eligible purposes, subject to other ECB policy conditions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-585/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8871&Mode=0"
  },
  {
   "question": "Can we still use existing ratings from Brickwork Ratings for capital adequacy?",
   "answer": "The circular does not explicitly address existing ratings, but the press release advises against obtaining fresh ratings from Brickwork. For existing exposures, banks should assess the need for re-rating or alternative risk-weighting methods as per RBI guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-162/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12435&Mode=0"
  },
  {
   "question": "Can we still use SMS OTP for authentication?",
   "answer": "Yes, SMS OTP remains a valid factor, but the directions encourage adoption of alternative mechanisms like biometrics or software tokens, as long as two-factor authentication is maintained.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12898&Mode=0"
  },
  {
   "question": "Can we still use term deposits with PSBs for SLR after March 31, 2015?",
   "answer": "No. From April 1, 2015, only cash, gold, and unencumbered approved securities will count for SLR. Term deposits with PSBs and balances with StCBs will no longer be eligible.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-631/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8926&Mode=0"
  },
  {
   "question": "Can we still use the ACU mechanism for India-Maldives trade?",
   "answer": "Yes, the ACU mechanism remains available. The circular adds INR/MVR settlement as an additional option, not a replacement.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-125/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12792&Mode=0"
  },
  {
   "question": "Can we still use the old MSME classification criteria for loans sanctioned before this circular?",
   "answer": "The circular does not specify a transition period; it deletes the old criteria from the Master Direction. Banks should apply the new rule prospectively and may need to reclassify existing loans if Udyam certificates are available.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12583&Mode=0"
  },
  {
   "question": "Can we still wait for RBI circulars before implementing government DR orders?",
   "answer": "No. The circular explicitly states that banks must act on government orders obtained via post, fax, email, or government websites immediately, without waiting for further RBI instructions.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12650&Mode=0"
  },
  {
   "question": "Can we still wait for RBI instructions before implementing government DR orders?",
   "answer": "No. The circular explicitly states that agency banks must act on government orders immediately without waiting for further instructions from RBI.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12477&Mode=0"
  },
  {
   "question": "Can we still warn customers about virtual currency risks using the 2018 circular?",
   "answer": "No. The Supreme Court set aside that circular on March 4, 2020, so it cannot be cited or quoted in any customer communication.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12103&Mode=0"
  },
  {
   "question": "Can we store CoF data for guest checkout transactions after October 1?",
   "answer": "Yes, but only as an interim measure. Merchants and PAs can store CoF data for a maximum of T+4 days (T being transaction date) or until settlement, whichever is earlier, and only for settlement purposes. The data must be purged immediately after.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12363&Mode=0"
  },
  {
   "question": "Can we submit bids in physical form?",
   "answer": "No, bids must be submitted electronically on the RBI Core Banking Solution (E-Kuber) system. Physical bids are not accepted except in extraordinary circumstances.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-596/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8887&Mode=0"
  },
  {
   "question": "Can we swap FCNR(B) deposits in currencies other than USD?",
   "answer": "Yes, deposits can be in any permitted currency, but the swap with RBI is only in US Dollars. You must convert other currencies to USD for the swap.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-234/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8388&Mode=0"
  },
  {
   "question": "Can we transfer ATM credit balances from technical errors to profit?",
   "answer": "No. Such balances from failed retractions or sensor errors must be treated as unclaimed liabilities until reconciled or claimed by the customer. Transferring them to profit is not allowed.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-218/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8367&Mode=0"
  },
  {
   "question": "Can we treat Udyam Assist Certificates as valid for all MSME benefits?",
   "answer": "No, the circular specifies that UAP certificates are at par with Udyam Registration Certificates only for Priority Sector Lending (PSL) classification as Micro Enterprises.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12500&Mode=0"
  },
  {
   "question": "Can we use alternatives to tokenisation for recurring payments?",
   "answer": "Yes, RBI permits industry stakeholders to devise alternate mechanisms for use cases like recurring e-mandates, EMI options, chargeback handling, and loyalty programs, in addition to tokenisation.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-142/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12211&Mode=0"
  },
  {
   "question": "Can we use any alternative rate, or only specific ones?",
   "answer": "RBI permits any widely accepted alternative reference rate in the currency concerned. For USD, SOFR is common; for GBP, SONIA. The choice must be market-accepted.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12168&Mode=0"
  },
  {
   "question": "Can we use any BC for cash distribution?",
   "answer": "Yes, but only if your BC agreement is updated to include currency management functions as permitted by RBI's September 2, 2013 circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-244/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8399&Mode=0"
  },
  {
   "question": "Can we use any funds held under Section 11(2) as CRM?",
   "answer": "No, only cash or unencumbered approved securities from interest-free HO funds or remittable surplus retained in Indian books (reserves) are eligible, and they must be over and above other regulatory requirements.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12160&Mode=0"
  },
  {
   "question": "Can we use Brickwork Ratings for any loan amount now?",
   "answer": "No. For fresh mandates, the loan amount must not exceed Rs.250 crore. Existing ratings can continue surveillance regardless of amount, but working capital above Rs.250 crore only until next renewal.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12700&Mode=0"
  },
  {
   "question": "Can we use more than 33% of the buffer?",
   "answer": "No, the circular specifically limits utilisation to up to 33% of the countercyclical provisioning buffer/floating provisions held as on March 31, 2013. Any additional use would require separate RBI approval.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-485/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8737&Mode=0"
  },
  {
   "question": "Can we use prior quarter data for all entities or only listed ones?",
   "answer": "The circular specifically addresses listed entities that cannot disclose current quarter UFCE data before finalising accounts. For other entities, the original quarterly self-certification requirement remains.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12031&Mode=0"
  },
  {
   "question": "Can we use synthetic LIBOR rates as a fallback for legacy contracts?",
   "answer": "No. RBI explicitly advises not to rely on synthetic LIBOR rates as a substitute for fallbacks. Synthetic rates are not meant for new contracts and should not be used to avoid inserting proper fallback clauses referencing ARRs like SOFR or MMIFOR.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12503&Mode=0"
  },
  {
   "question": "Can we use these buffers without RBI's prior approval now?",
   "answer": "Yes, prior RBI approval is no longer required; board approval suffices for utilisation up to 100% of the buffer held as on December 31, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12082&Mode=0"
  },
  {
   "question": "Clause 36(a)(v) says converted securities are classified in the same category as the loan and provisioned accordingly. Does this mean classification under HTM, AFS, or FVTPL happens only upon upgradation?",
   "answer": "In partial modification to clause 36(a)(v), it is clarified that equity shares, debentures, bonds, etc., received upon conversion of principal and/or interest shall be classified under HTM, AFS, or FVTPL (including HFT) only at initial recognition (i.e., when the loan is derecognised and the bond/equity, etc. is recognised), as per Chapter III of the Directions. Banks must note that the asset classification of such instruments shall be the same as the loan and provisions made accordingly as stated in clause 36(a)(v).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12817&Mode=0"
  },
  {
   "question": "Did any other terms of the LAF change?",
   "answer": "No, all other terms and conditions of the current LAF scheme remained unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-339/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8533&Mode=0"
  },
  {
   "question": "Did non‑competitive bidders receive their full request?",
   "answer": "Non‑competitive bids were largely filled, with 97.1196% of the 91‑day, 96.3574% of the 182‑day and 93.5343% of the 364‑day requests allotted.",
   "page": "https://bankpulse.ai/c/rbi-doc-62953/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62953"
  },
  {
   "question": "Do AD banks need RBI approval for warehouse-related remittances under this circular?",
   "answer": "No. AD banks can allow opening/hiring of warehouses and remittances for setup and recurring expenses without pre-conditions, after verifying the reasonableness of the amounts and ensuring the exporter has a valid IEC.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12840&Mode=0"
  },
  {
   "question": "Do AD Category-I banks need to apply for PA-CB authorization?",
   "answer": "No, AD Category-I banks are exempt from separate RBI approval for PA-CB activity, but they must comply with the new instructions.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12561&Mode=0"
  },
  {
   "question": "Do AD Category-I banks need to do anything new?",
   "answer": "No, the circular primarily extends the online submission facility to AD Category-II entities. AD Category-I banks must continue to comply with the existing terms from the 2016 circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12489&Mode=0"
  },
  {
   "question": "Do agency banks need to keep branches open on March 31, 2022?",
   "answer": "Yes, designated branches must remain open for over-the-counter government transactions during normal working hours on March 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-186/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12259&Mode=0"
  },
  {
   "question": "Do all banks have the same PSL targets?",
   "answer": "No. The 40% framework with 18%/10%/7.5%/12% sub-targets applies to domestic scheduled commercial banks and foreign banks with 20 or more branches. Regional Rural Banks and Small Finance Banks have a higher 75% overall target, Urban Co-operative Banks have their own schedule, and foreign banks with fewer than 20 branches follow a separate target. The figures on this page are for the main domestic-SCB framework.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Do all banks need to participate in the special clearing?",
   "answer": "Yes, all member banks of clearing houses must keep their inward clearing processing infrastructure open and maintain sufficient settlement account balances. However, only agency banks doing government business are permitted to present instruments.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-252/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8409&Mode=0"
  },
  {
   "question": "Do all NBFCs now have automatic permission to open branches anywhere?",
   "answer": "No. Only non-deposit-taking NBFCs generally have automatic permission. Deposit-taking NBFCs must meet conditions: if NOF is up to ₹50 crore or credit rating below AA, they can only open branches within their registered office state; if NOF exceeds ₹50 crore and rating is AA or above, they can open anywhere in India.",
   "page": "https://bankpulse.ai/c/rbi-2026-2027-11/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13370&Mode=0"
  },
  {
   "question": "Do all UCBs need to put claim forms online?",
   "answer": "Only UCBs that have a website are required to place the forms prominently on their site. Banks without websites must still provide forms to anyone approaching a branch.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-229/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8378&Mode=0"
  },
  {
   "question": "Do any other conditions for investment change?",
   "answer": "No, all other existing conditions for investment in government securities remain unchanged. Only the sub-limit for long-term investors has been increased.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-473/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8721&Mode=0"
  },
  {
   "question": "Do banks need additional approvals to implement this?",
   "answer": "No, the amendment is part of the existing undertaking and does not require separate approvals.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13389&Mode=0"
  },
  {
   "question": "Do banks need any additional approval to process these silver import payments?",
   "answer": "No, AD Category-I banks are permitted to allow such remittances subject to the conditions in A.P. (DIR Series) Circular No.04 dated May 25, 2022, without needing separate RBI approval.",
   "page": "https://bankpulse.ai/c/rbi-2023-2024-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12565&Mode=0"
  },
  {
   "question": "Do banks need prior approval from RBI for issuing debit cards?",
   "answer": "No, prior approval from RBI is not necessary for banks to issue debit cards.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-230/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13077&Mode=0"
  },
  {
   "question": "Do banks need prior approval from RBI to issue debit cards?",
   "answer": "No, prior approval from RBI is not necessary for banks to issue debit cards.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-213/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13095&Mode=0"
  },
  {
   "question": "Do banks need prior RBI approval to become a TM/TCM?",
   "answer": "Yes, the parent bank must obtain a No Objection Certificate from RBI before its GIFT-IFSC entity applies for TM/TCM status on IIBX.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12606&Mode=0"
  },
  {
   "question": "Do banks need to collect any proof for the local correspondence address?",
   "answer": "No, banks can accept a customer declaration for the local address without any documentary proof. However, the bank must verify this address through positive confirmation, such as acknowledging receipt of letters, ATM cards, or phone calls.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-641/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8940&Mode=0"
  },
  {
   "question": "Do banks need to get RBI approval before a client shifts its escrow account?",
   "answer": "No, prior RBI approval is no longer required; only prior intimation to RBI is needed for migration.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-68/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11996&Mode=0"
  },
  {
   "question": "Do banks need to inform customers about this?",
   "answer": "Yes, banks must give due publicity about the availability of banking services on March 31, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12778&Mode=0"
  },
  {
   "question": "Do banks need to provide exchange services on Sundays?",
   "answer": "The existing scheme for select currency chest branches to offer exchange on one Sunday per month remains unchanged. Banks must maintain and share the list of such branches.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12265&Mode=0"
  },
  {
   "question": "Do banks need to re-rate existing exposures?",
   "answer": "No, banks can continue using existing ratings from CRISIL Limited as they are now assigned by CRISIL Ratings Limited. The circular does not require any re-rating or recalculation of risk weights for existing exposures.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12016&Mode=0"
  },
  {
   "question": "Do banks need to report these issuances to RBI?",
   "answer": "The circular does not specify new reporting requirements; banks should follow existing FEMA reporting norms and advise clients accordingly.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-428/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8667&Mode=0"
  },
  {
   "question": "Do banks need to take any immediate action?",
   "answer": "Yes, banks should update their records and review any dealings with Credit Suisse AG to ensure compliance with the new status.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12724&Mode=0"
  },
  {
   "question": "Do banks now need any approval to issue co-branded prepaid cards?",
   "answer": "No, banks have been granted general permission for rupee-denominated co-branded prepaid instruments, subject to conditions in the December 2012 circular. One-time RBI approval is no longer required for banks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-590/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8876&Mode=0"
  },
  {
   "question": "Do banks still need a No Objection Certificate (NOC) before opening a current account?",
   "answer": "No, the requirement for NOC has been removed by the August 6, 2020 circular. Banks can open current accounts without NOC, subject to the revised guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12007&Mode=0"
  },
  {
   "question": "Do BCs need separate approval from RBI for this activity?",
   "answer": "No separate RBI approval is required; banks can include this activity in the BC scope as per the circular, but must update their board-approved BC policy.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-212/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8361&Mode=0"
  },
  {
   "question": "Do both banks need to inspect the gold stock?",
   "answer": "Yes. Inspection of stocks, quality checks, and insurance verification should be done jointly or on a rotation basis by both the GML providing bank and the stand-by LC/BG issuing bank.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-551/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8823&Mode=0"
  },
  {
   "question": "Do branches need to stay open beyond normal hours on March 31?",
   "answer": "Branches must be open for over-the-counter government transactions only during normal working hours on March 31. Extended hours are not required for counter services.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-186/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12462&Mode=0"
  },
  {
   "question": "Do cancelled entities have to pay fees to CICs under this new mechanism?",
   "answer": "No, CICs shall not charge annual or membership fees from these entities.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12739&Mode=0"
  },
  {
   "question": "Do closed system PPIs require RBI authorization?",
   "answer": "No, closed system PPIs that are used only for purchasing goods/services from the issuing entity and do not allow cash withdrawal are not classified as a payment system requiring RBI approval.",
   "page": "https://bankpulse.ai/c/rbi-dpss-2021-22-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12156&Mode=0"
  },
  {
   "question": "Do co-operative banks need RBI approval before outsourcing any financial service?",
   "answer": "No, prior approval from RBI or NABARD is not required. However, all outsourcing arrangements are subject to on-site/off-site monitoring and inspection by these regulators.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12123&Mode=0"
  },
  {
   "question": "Do customers need to give consent for credit line UPI?",
   "answer": "Yes, prior consent of the individual customer is mandatory before enabling credit line transactions through UPI.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12532&Mode=0"
  },
  {
   "question": "Do customers need to provide any documents to book these forward contracts?",
   "answer": "No, they only need to submit a simple declaration as per the revised format. No further documentation is required.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-557/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8829&Mode=0"
  },
  {
   "question": "Do DCCBs need RBI approval for on-site ATMs?",
   "answer": "No, on-site ATMs can be installed without prior RBI approval. However, off-site/mobile ATMs require board approval and must be reported to RBI within 15 days of operationalization.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12375&Mode=0"
  },
  {
   "question": "Do domestic counterparties have any new reporting requirements?",
   "answer": "No, domestic counterparties continue to report as per existing practice. However, when reporting trades with FPIs, they must use a qualifier to indicate the trade is awaiting counterparty confirmation.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12109&Mode=0"
  },
  {
   "question": "Do eligible UCBs automatically get this permission?",
   "answer": "No, they must apply to and obtain specific permission from their respective Regional Office of RBI before undertaking such transactions.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-226/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8375&Mode=0"
  },
  {
   "question": "Do existing districts in Chhattisgarh see any change?",
   "answer": "No. RBI explicitly states there is no change in lead banks for other districts in the state.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-161/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12434&Mode=0"
  },
  {
   "question": "Do existing FDI contracts with optionality clauses need to be updated?",
   "answer": "Yes, all existing contracts must comply with the conditions in this circular to remain FDI-compliant. Banks should review and amend such contracts accordingly.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-436/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8682&Mode=0"
  },
  {
   "question": "Do existing green‑deposit products need to be re‑structured?",
   "answer": "Banks must align any current green‑deposit offerings with the new policy, including tenure, interest rates and earmarking of proceeds as per the RBI directions, if they intend to raise green deposits.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-203/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13106&Mode=0"
  },
  {
   "question": "Do existing institutions need to apply for new approvals?",
   "answer": "No, the amendment updates the Directions; institutions should incorporate the fund into their existing frameworks.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13378&Mode=0"
  },
  {
   "question": "Do existing instructions from the 2008 circular still apply?",
   "answer": "Yes, all other instructions from A.P. (DIR Series) Circular No. 28 dated February 6, 2008, as amended, remain unchanged. Only the permitted transactions list has been revised.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-438/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8683&Mode=0"
  },
  {
   "question": "Do existing Internal Ombudsmen need to be reappointed under the new Master Direction?",
   "answer": "No. The RBI has clarified that Internal Ombudsmen appointed under the earlier schemes will continue to hold office until the expiry of their tenure.",
   "page": "https://bankpulse.ai/c/rbi-cepd-2023-24-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12586&Mode=0"
  },
  {
   "question": "Do existing lead bank assignments in Rajasthan change?",
   "answer": "No. The circular explicitly states there is no change in lead banks for other districts in Rajasthan.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12564&Mode=0"
  },
  {
   "question": "Do existing lead bank responsibilities change?",
   "answer": "No, the circular explicitly states there is no change in lead bank responsibilities for erstwhile or other districts in Gujarat.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-358/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8553&Mode=0"
  },
  {
   "question": "Do existing NDS-OM participants need to reapply for direct access?",
   "answer": "No, direct access granted under the old circulars is deemed to continue under the new directions, but participants must comply with the updated criteria.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2024-25-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12742&Mode=0"
  },
  {
   "question": "Do exports under AA/DFIA count toward the 20:80 scheme?",
   "answer": "No, such exports do not qualify as exports for the purpose of the 20:80 scheme.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-367/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8562&Mode=0"
  },
  {
   "question": "Do gold deposits attract CRR and SLR requirements?",
   "answer": "Yes, from the date of credit of the amount to the deposit account. However, gold stock held by banks is an eligible SLR asset. Interbank gold borrowing is exempt from CRR and SLR.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12067&Mode=0"
  },
  {
   "question": "Do Housing Finance Companies follow the same rules as banks?",
   "answer": "HFCs are regulated by RBI but under a partly separate set of directions. Many consumer-protection principles are aligned, but capital, LTV and disclosure specifics can differ — check the HFC-specific entries in the cluster below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Do I need RBI approval to change my internal payment routing?",
   "answer": "No separate approval is required; you only need to align your payment routing with the updated account details as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-fed-2025-26-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12924&Mode=0"
  },
  {
   "question": "Do I need separate authorisation under PSS Act to issue PPIs?",
   "answer": "Yes, the exemption applies only to non-banking institutions that are authorised to operate a payment system and issue PPIs under the Payment and Settlement Systems Act, 2007.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-461/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8709&Mode=0"
  },
  {
   "question": "Do I need to change my bank's cheque collection process immediately?",
   "answer": "Yes, ensure your processes no longer rely on the withdrawn circulars. However, continue following any current RBI master directions or circulars on cheques and customer service.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-21/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12830&Mode=0"
  },
  {
   "question": "Do I need to change my current audit process?",
   "answer": "No immediate change is required. The withdrawn circulars are outdated; you should continue following current RBI master directions on audit and IT.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12305&Mode=0"
  },
  {
   "question": "Do I need to change my current lending rates because of this withdrawal?",
   "answer": "The source does not address this; it only states the circulars are withdrawn. No change is mandated by this notification alone.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12315&Mode=0"
  },
  {
   "question": "Do I need to change my existing customer care numbers?",
   "answer": "No, but you must provide the verified details of your customer care numbers to DIP (via email at adg.diu-dot@gov.in) so DoT can publish them on the Sanchar Saathi portal. This helps customers identify legitimate contact numbers.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12770&Mode=0"
  },
  {
   "question": "Do I need to check existing accounts as well?",
   "answer": "Yes, the circular explicitly requires banks to scan all existing accounts to ensure no account is held by or linked to any entity or individual on the updated list.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-399/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8618&Mode=0"
  },
  {
   "question": "Do I need to check only the amended entry or the full list?",
   "answer": "You must screen against the full updated list available on the UN website, but this circular specifically highlights the amendment to entry QDi.065.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12918&Mode=0"
  },
  {
   "question": "Do I need to declare exports below US$25,000?",
   "answer": "Yes, all export transactions, including those less than US$25,000, must be declared using the applicable new form.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-254/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8411&Mode=0"
  },
  {
   "question": "Do I need to follow the old master directions for ECB or INR borrowing now?",
   "answer": "No. The RBI has consolidated the relevant provisions into the amended Regulations. The deleted paragraphs and FAQs are no longer valid. You must follow the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-221/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13305&Mode=0"
  },
  {
   "question": "Do I need to inform my customers about this change?",
   "answer": "Yes, AD Category-I banks must bring the contents of this circular to the notice of their constituents concerned.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-266/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8428&Mode=0"
  },
  {
   "question": "Do I need to open a Foreign Currency Account (FCA) in an IFSC for these new remittances?",
   "answer": "Yes, for the newly permitted purposes, resident individuals can open an FCA in IFSCs to facilitate the remittances and subsequent transactions.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12699&Mode=0"
  },
  {
   "question": "Do I need to re-apply for authorisation under the new regulations?",
   "answer": "The circular does not mention re-application; existing authorised persons must comply with the new regulations as applicable. Check the full notification for specific transition provisions.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13445&Mode=0"
  },
  {
   "question": "Do I need to re-register or update my participation in G-Sec auctions?",
   "answer": "The circular does not mention any re-registration requirement. However, you should verify with the enclosed notification if any new eligibility or documentation conditions apply.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12802&Mode=0"
  },
  {
   "question": "Do I need to re-screen all customers or only new ones?",
   "answer": "You must re-screen existing customers as well, because the amendments include updated identifiers (e.g., new aliases, passport numbers) that may not have matched during earlier screening.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12596&Mode=0"
  },
  {
   "question": "Do I need to redo customer KYC for existing customers?",
   "answer": "The circular does not mandate re-KYC for existing customers. However, you must ensure all new onboarding and ongoing KYC processes follow the 2025 Directions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13171&Mode=0"
  },
  {
   "question": "Do I need to resubmit existing NDS-OM access applications?",
   "answer": "No, the change applies only to new applications or modifications. Existing access arrangements remain valid.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13401&Mode=0"
  },
  {
   "question": "Do I need to stop filing any returns now?",
   "answer": "No. Parallel reporting will be discontinued only after the effective date is notified. Until then, file all existing returns as usual.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-165/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12239&Mode=0"
  },
  {
   "question": "Do I need to stop lending under these schemes now?",
   "answer": "No, the withdrawal only removes old procedural circulars. Lending under these schemes should continue as per current government guidelines and RBI's latest master directions on priority sector lending.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12316&Mode=0"
  },
  {
   "question": "Do I need to submit a report if no remittances were received in a quarter?",
   "answer": "Yes, a 'NIL' report must be submitted on CIMS for quarters with no remittances.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-130/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12618&Mode=0"
  },
  {
   "question": "Do I need to submit any specific form for premature encashment?",
   "answer": "No specific form is required. You need to submit a request letter along with a discharge certificate in the usual Form 1A, and surrender any post-dated interest warrants if issued.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-206/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8352&Mode=0"
  },
  {
   "question": "Do I need to take any action for past transactions?",
   "answer": "No, the revision applies only to transactions from the effective date. Past transactions settled before December 12, 2013, remain unaffected.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-409/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8630&Mode=0"
  },
  {
   "question": "Do I need to take any action for this circular?",
   "answer": "Yes, acknowledge receipt to your RBI Regional Office and update your internal systems and pricing models that reference the Bank Rate.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-317/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8500&Mode=0"
  },
  {
   "question": "Do I need to take any action if I already hold an SGL or CSGL account?",
   "answer": "Yes, you should review the revised guidelines to ensure your existing accounts comply with the updated eligibility and operational criteria.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12174&Mode=0"
  },
  {
   "question": "Do I need to take any action if my bank is not listed in the circular?",
   "answer": "No. The circular states there is no change in lead banks for other districts in Rajasthan. Only the listed districts are affected.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12834&Mode=0"
  },
  {
   "question": "Do I need to take any action immediately?",
   "answer": "Yes, update your compliance and audit checklists to remove these circulars. No further action is required unless RBI issues replacement guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12687&Mode=0"
  },
  {
   "question": "Do I need to take any immediate action for ongoing audits?",
   "answer": "No immediate action is needed for ongoing audits if you are already following the superseding circulars. However, update your reference documents to remove the withdrawn circulars.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12201&Mode=0"
  },
  {
   "question": "Do I need to take any immediate action for past claims under these circulars?",
   "answer": "The circulars are withdrawn effective May 2, 2022. For past claims, you should consult current RBI guidelines on export credit. The withdrawal does not retroactively affect valid claims made before this date, but future operations must follow updated regulations.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12307&Mode=0"
  },
  {
   "question": "Do I need to take any immediate action?",
   "answer": "Yes, update your internal compliance references to remove these circulars and ensure your teams follow current regulations for Ready Forward contracts and NCD issuance.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12308&Mode=0"
  },
  {
   "question": "Do I need to update my KYC software for the new FCRA section?",
   "answer": "Yes, you must incorporate the new Section 55A on FCRA into your KYC systems and processes to ensure proper due diligence for customers handling foreign contributions.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12549&Mode=0"
  },
  {
   "question": "Do I still need to check the MEA website daily?",
   "answer": "Yes, the earlier requirement to verify the UNSCR 1718 Sanctions List daily on the MEA website remains unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12390&Mode=0"
  },
  {
   "question": "Do Indian banks need to take any action?",
   "answer": "Yes, Indian banks should update their records and review any arrangements with Krung Thai Bank to ensure compliance with the new status.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12725&Mode=0"
  },
  {
   "question": "Do Indian banks need to take any immediate action?",
   "answer": "Yes, banks should update their records and review any dealings with this entity to ensure compliance with non-banking regulations.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-188/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12464&Mode=0"
  },
  {
   "question": "Do LABs need to charge for these facilities?",
   "answer": "No, LABs must offer these facilities free of charge to BSBD account holders.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13176&Mode=0"
  },
  {
   "question": "Do lead banks change for any district in Assam?",
   "answer": "No. The existing lead banks—UCO Bank for Sonitpur and Barpeta, and Punjab National Bank for Nagaon—continue with the same responsibility for the undivided districts including merged areas.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12495&Mode=0"
  },
  {
   "question": "Do lead banks for other districts in Nagaland change?",
   "answer": "No, there is no change in lead banks for the other districts in the state.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-138/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12410&Mode=0"
  },
  {
   "question": "Do NBFCs need prior RBI approval for appointing auditors?",
   "answer": "No, NBFCs do not require prior RBI approval. However, they must inform RBI about the appointment within one month by submitting a certificate in Form A to the concerned Regional Office.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12079&Mode=0"
  },
  {
   "question": "Do non-bank entities still need RBI approval for outward remittance tie-ups?",
   "answer": "No, RBI has dispensed with the approval process. AD Category-I banks can now directly facilitate these services under the new framework, but they remain fully responsible for compliance.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13449&Mode=0"
  },
  {
   "question": "Do non-chest branches get any benefit under CDES?",
   "answer": "Yes. Non-chest branches that deposit soiled notes or distribute coins through a linked currency chest receive a pro-rata share of the incentives from the chest branch. The chest branch must pass on the applicable fees for soiled note packets, mutilated notes, and coin distribution to the linked branches.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2024-25-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12646&Mode=0"
  },
  {
   "question": "Do other banks need to take any action?",
   "answer": "Yes, banks should update their internal systems to reflect Bharatiya Mahila Bank as a scheduled commercial bank for regulatory reporting, counterparty risk management, and interbank dealings.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-599/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8892&Mode=0"
  },
  {
   "question": "Do other central government transactions still go to CAS Nagpur?",
   "answer": "Yes, agency commission claims for central government transactions not covered by this modification continue to be settled at CAS Nagpur.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12516&Mode=0"
  },
  {
   "question": "Do other districts see any change in lead bank?",
   "answer": "No. RBI has stated there is no change in lead banks for any other district across the country.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-139/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12638&Mode=0"
  },
  {
   "question": "Do other FPI investment rules still apply?",
   "answer": "Yes, other provisions of the Master Direction and FEMA regulations remain in force unless specifically amended.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12847&Mode=0"
  },
  {
   "question": "Do other terms of the IES remain the same?",
   "answer": "Yes, all other provisions of the scheme as per earlier RBI instructions remain unchanged. Only the extension period and caps have been modified.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12734&Mode=0"
  },
  {
   "question": "Do other types of foreign currency deposits receive the same exemption?",
   "answer": "No, the exemption is limited to fresh FCNR(B) deposits with tenors of three to five years taken during the specified period.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13474&Mode=0"
  },
  {
   "question": "Do overseas counterparties or clients need to report or confirm transactions in the TR?",
   "answer": "No, there is no requirement for matching transactions with overseas counterparties or clients. The Authorised Dealer is solely responsible for ensuring accuracy of reported transactions.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12748&Mode=0"
  },
  {
   "question": "Do payments banks and small finance banks need a separate agreement with RBI?",
   "answer": "Yes, they must execute an agreement with RBI to be appointed as agents, provided they comply with the regulatory framework.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-140/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12209&Mode=0"
  },
  {
   "question": "Do PSL targets differ by bank type?",
   "answer": "Yes — targets and sub-targets vary across commercial banks, small finance banks, regional rural banks and co-operative banks. The applicable circular for your category is linked in the cluster below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Do RCBs have to follow the same rules as commercial banks?",
   "answer": "Yes, the Master Direction applies mutatis mutandis to RCBs, meaning they must follow the same harmonized presentation and disclosure requirements unless explicitly specified otherwise.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-181/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12457&Mode=0"
  },
  {
   "question": "Do RCBs need to seek separate approval to offer AgriSURE services?",
   "answer": "The amendment adds AgriSURE to Annex I of the existing Directions, so it is now a permitted activity. However, banks should ensure they meet any general eligibility conditions under the Directions.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13381&Mode=0"
  },
  {
   "question": "Do RRBs need a new investment policy?",
   "answer": "Yes. RRBs must formulate an Investment Policy with Board approval that addresses classification, shifting, valuation, risk management, and ensures transparent, documented procedures.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-434/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8678&Mode=0"
  },
  {
   "question": "Do RRBs need to follow any new procedures?",
   "answer": "Yes, RRBs must comply with the additional guidelines provided in the annex to the circular, in addition to existing customer service instructions, and acknowledge receipt to RBI regional offices.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-589/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8875&Mode=0"
  },
  {
   "question": "Do Small Finance Banks and Payment Banks have to exchange mutilated notes?",
   "answer": "Small Finance Banks up to two years from commencement and Payment Banks may exchange mutilated and imperfect notes at their option, meaning it is not mandatory for them.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2026-27-395/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13362&Mode=0"
  },
  {
   "question": "Do SPDs need any additional approval to start transacting in these NDDCs?",
   "answer": "No, the circular states these instructions are effective immediately. SPDs already authorized as AD Cat-III under FEMA can begin transacting without further RBI approval, provided they comply with the updated Master Direction.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12897&Mode=0"
  },
  {
   "question": "Do State and Central co-operative banks need to file separately with NABARD?",
   "answer": "Yes, they must submit the same returns to NABARD as well, also by September 30, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12107&Mode=0"
  },
  {
   "question": "Do the existing transaction limits from the 2011 circular still apply?",
   "answer": "Yes, all other instructions from the October 5, 2011 circular, including transaction size limits, remain applicable.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12707&Mode=0"
  },
  {
   "question": "Do the lead bank assignments affect existing districts in Andhra Pradesh?",
   "answer": "No, there is no change in the lead banks for other districts in the state that were not part of the reorganization.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12353&Mode=0"
  },
  {
   "question": "Do the lead bank responsibilities of existing districts change?",
   "answer": "No, there is no change in the lead bank responsibilities of the erstwhile districts or any other districts in Meghalaya.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-417/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8649&Mode=0"
  },
  {
   "question": "Do the new directions apply to foreign CCPs?",
   "answer": "Yes, the directions apply to both domestic CCPs authorised in India and foreign CCPs recognised by RBI for their operations in India.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12744&Mode=0"
  },
  {
   "question": "Do the new Directions change the dividend declaration process for LABs?",
   "answer": "The source does not specify the exact changes, but LABs must now follow the 2026 Directions for dividend declarations from FY 2026-27. Banks should review the new text for any updated prudential norms.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-237/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13325&Mode=0"
  },
  {
   "question": "Do the new guidelines replace the earlier ones?",
   "answer": "Yes, they supersede the operational guidelines issued on June 30, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13365&Mode=0"
  },
  {
   "question": "Do the new rules affect resident-to-resident foreign currency transactions?",
   "answer": "Yes. The definition of 'exposure' now explicitly includes transactions between residents that are denominated in or linked to a foreign currency but settled in INR, for hedging purposes.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12594&Mode=0"
  },
  {
   "question": "Do the overall housing loan exposure caps change with this circular?",
   "answer": "No. The combined ceiling for housing, real estate, and commercial real estate loans at 10% of total assets, and the additional 5% limit for housing loans up to ₹25 lakh, remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-236/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8390&Mode=0"
  },
  {
   "question": "Do the revised add-on factors apply to all CCR exposures or only new contracts?",
   "answer": "The new note (e) clarifies that add-on factors per Table 13 shall be applicable to all outstanding CCR exposures, not just new ones.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-241/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13331&Mode=0"
  },
  {
   "question": "Do the revised add-on factors apply to all outstanding CCR exposures?",
   "answer": "Yes, note (e) clarifies that add-on factors in Table 16 apply to all outstanding counterparty credit risk exposures.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-238/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13326&Mode=0"
  },
  {
   "question": "Do the revised guidelines apply to loans sanctioned before October 8, 2013?",
   "answer": "No, priority sector loans sanctioned under previous guidelines will continue to be classified as priority sector until maturity or renewal. The revised guidelines apply to new sanctions from the date of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-318/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8502&Mode=0"
  },
  {
   "question": "Do these amendments apply to overseas branches of Indian banks?",
   "answer": "Yes, the new CME definition includes acquisition finance extended by overseas branches or subsidiaries of Indian banks, as per paragraph 95A.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-212/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13296&Mode=0"
  },
  {
   "question": "Do these amendments require board approval?",
   "answer": "Yes, the Board must now specifically approve a policy for fixing intra-day exposure limits to capital markets within prudential limits, as per the substituted sub-paragraph 6(1)(v).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-255/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13347&Mode=0"
  },
  {
   "question": "Do these changes affect existing loan accounts?",
   "answer": "Yes, from the effective date, asset classification and provisioning for all individual loans and project finance accounts must follow the new 2026 directions, impacting existing accounts as well.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13395&Mode=0"
  },
  {
   "question": "Do these changes affect existing loans?",
   "answer": "The circular applies with effect from April 1, 2014. All other guidelines from the July 1, 2013 master circular remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-515/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8767&Mode=0"
  },
  {
   "question": "Do these changes affect the Second Schedule status of other RRBs?",
   "answer": "No, only the 10 new RRBs are included and 21 old ones excluded. Other RRBs not mentioned remain unaffected in their Second Schedule status.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11985&Mode=0"
  },
  {
   "question": "Do these changes affect the underlying ECB regulations?",
   "answer": "No, the circular only updates the reporting forms to align with the revised ECB Framework issued under the Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026. The substantive borrowing rules remain as per that amendment.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-223/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13308&Mode=0"
  },
  {
   "question": "Do these changes apply to all banks?",
   "answer": "Yes, the circular is addressed to all banks and applies to all penal interest rates on CRR and SLR shortfalls that are linked to the Bank Rate.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12832&Mode=0"
  },
  {
   "question": "Do these changes apply to debit cards as well?",
   "answer": "The amendment applies to credit card instructions for all banks and NBFCs, and debit card instructions for all banks. The specific changes on end-use monitoring and closure penalties are for credit cards.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12620&Mode=0"
  },
  {
   "question": "Do these changes impact how we calculate ECL for investment securities?",
   "answer": "Yes, the new definition of ECL and loss allowance explicitly reference computation as per the Asset Classification, Provisioning and Income Recognition Directions, 2026, so banks must apply the same ECL methodology to investment portfolios.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-34/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13391&Mode=0"
  },
  {
   "question": "Do these directions allow Payments Banks to offer loans or current accounts?",
   "answer": "No, the directions reiterate the existing restrictions: Payments Banks cannot grant loans or advances, and they cannot maintain current accounts as per Chapter VI.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-221/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13087&Mode=0"
  },
  {
   "question": "Do these directions apply only to Rural Co-operative Banks?",
   "answer": "The directions are specifically applicable to Rural Co-operative Banks, but the restrictions on further financial accommodation to wilful defaulters apply to all entities regulated by RBI.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-313/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12991&Mode=0"
  },
  {
   "question": "Do these directions apply to accounts already under relief measures?",
   "answer": "No, accounts where relief measures were already provided before the effective date of these amendment directions continue under existing prudential guidelines. However, any fresh resolution after the effective date must follow the new Chapter IV-A.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13426&Mode=0"
  },
  {
   "question": "Do these directions apply to all ARCs?",
   "answer": "Yes, they are applicable to all Asset Reconstruction Companies registered with RBI.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-377/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12927&Mode=0"
  },
  {
   "question": "Do these Directions apply to all banks?",
   "answer": "No, they apply specifically to Payments Banks, as defined in the Directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-205/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13104&Mode=0"
  },
  {
   "question": "Do these Directions apply to all co-operative banks?",
   "answer": "No, they apply only to Rural Co-operative Banks, defined as State Co-operative Banks and Central Co-operative Banks under the NABARD Act, 1981.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-308/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12996&Mode=0"
  },
  {
   "question": "Do these directions apply to all cooperative banks?",
   "answer": "Yes, they apply to all Primary (Urban) Cooperative Banks, State Cooperative Banks, and Central Cooperative Banks licensed by RBI.",
   "page": "https://bankpulse.ai/c/rbi-dos-2024-25-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12703&Mode=0"
  },
  {
   "question": "Do these Directions apply to all deposits of payments banks?",
   "answer": "They apply to domestic rupee deposits, including current accounts and savings deposits, but not to term deposits or foreign currency deposits.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-212/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13096&Mode=0"
  },
  {
   "question": "Do these directions apply to all lenders or only ARCs?",
   "answer": "The reporting obligations apply directly to ARCs. However, the restrictions on further financial accommodation to wilful defaulters apply to all entities regulated by RBI, regardless of whether they are defined as 'lender' in the directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-376/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12928&Mode=0"
  },
  {
   "question": "Do these Directions apply to all loan transfers by RCBs?",
   "answer": "Yes, they apply to all loan transfers including novation or assignment, but only for stressed loan transfers as specified. Other transfers are not permitted unless explicitly allowed by RBI.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-307/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12997&Mode=0"
  },
  {
   "question": "Do these directions apply to all Payments Banks immediately?",
   "answer": "Yes, the directions came into force with immediate effect on the date of issuance (November 28, 2025), and apply to all Payments Banks. They replace earlier versions and provide a consolidated framework.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-208/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13100&Mode=0"
  },
  {
   "question": "Do these directions apply to all Small Finance Banks?",
   "answer": "Yes, the applicability section (Chapter I) states these directions apply to all Small Finance Banks. However, the source text does not specify any exemptions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-194/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13115&Mode=0"
  },
  {
   "question": "Do these directions apply to all UCBs?",
   "answer": "Yes, the directions apply to all Urban Co-operative Banks as defined under Section 5(ccv) read with Section 56 of the Banking Regulation Act, 1949.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-283/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13022&Mode=0"
  },
  {
   "question": "Do these directions apply to all Urban Co-operative Banks?",
   "answer": "Yes, the directions are titled for Urban Co-operative Banks and amend the existing deposit interest rate framework applicable to them.",
   "page": "https://bankpulse.ai/c/rbi-doc-13513/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13513&Mode=0"
  },
  {
   "question": "Do these directions apply to banks?",
   "answer": "No, these directions specifically apply to authorized non-bank Payment System Operators. Banks are covered under separate RBI guidelines on cyber resilience.",
   "page": "https://bankpulse.ai/c/rbi-dpss-2024-25-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12715&Mode=0"
  },
  {
   "question": "Do these directions apply to cross-border transactions?",
   "answer": "Yes, for online international card transactions where the card is issued in India and the merchant is acquired overseas, specific instructions are included to ensure similar safety levels.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12898&Mode=0"
  },
  {
   "question": "Do these directions apply to entities other than Local Area Banks?",
   "answer": "Yes, the restrictions on further financial accommodation to wilful defaulters and provisions regarding large defaulters apply to all entities regulated by RBI, even if they are not lenders as defined in these directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-240/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13067&Mode=0"
  },
  {
   "question": "Do these directions apply to exchange-traded GSL transactions?",
   "answer": "No, the directions apply only to Over-the-Counter (OTC) markets, including those executed on Electronic Trading Platforms (ETPs), but not to exchanges.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12580&Mode=0"
  },
  {
   "question": "Do these directions apply to foreign banks operating in India?",
   "answer": "Yes, the directions apply to all banking companies including foreign banks licensed to operate in India.",
   "page": "https://bankpulse.ai/c/rbi-dos-2024-25-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12702&Mode=0"
  },
  {
   "question": "Do these directions apply to foreign branches of Indian banks?",
   "answer": "No, the directions explicitly state they are not applicable to operations of foreign branches of Indian banks.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-161/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13149&Mode=0"
  },
  {
   "question": "Do these directions apply to government savings schemes like PPF or SCSS?",
   "answer": "No, these directions do not apply to government savings schemes administered by banks. Those will continue to follow their respective scheme provisions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12901&Mode=0"
  },
  {
   "question": "Do these directions apply to HFCs?",
   "answer": "Yes, but only certain paragraphs (excluding paragraph 7, 14, 16, 19, 22, and 23) apply to HFCs registered with RBI under the NHB Act.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-351/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12953&Mode=0"
  },
  {
   "question": "Do these directions apply to Housing Finance Companies (HFCs)?",
   "answer": "Yes, specific paragraphs (6 to 22 and 24 to 27) of the directions apply to HFCs registered with RBI under the NHB Act, 1987, as mentioned in the applicability section.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-373/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12931&Mode=0"
  },
  {
   "question": "Do these directions apply to overseas branches of Payments Banks?",
   "answer": "Yes, they apply to overseas branches and majority-owned subsidiaries, unless local laws prohibit implementation. In such cases, the bank must inform RBI.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-218/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13090&Mode=0"
  },
  {
   "question": "Do these directions apply to Payments Banks?",
   "answer": "No, Payments Banks are explicitly excluded from the applicability of these directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12256&Mode=0"
  },
  {
   "question": "Do these directions apply to proprietorship accounts?",
   "answer": "Yes, if an individual maintains an account for their proprietorship business, it is deemed as that individual's account, and nomination facility must be offered.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12919&Mode=0"
  },
  {
   "question": "Do these Directions apply to small finance banks or payments banks?",
   "answer": "No. The Directions explicitly exclude Small Finance Banks, Local Area Banks, Payments Banks, and Regional Rural Banks. They apply to all other commercial banks including foreign bank branches.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-387/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13319&Mode=0"
  },
  {
   "question": "Do these directions apply to sponsor banks as well?",
   "answer": "Yes, sponsor banks are governed by paragraph 46 of the directions, which outlines their specific obligations.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-268/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13038&Mode=0"
  },
  {
   "question": "Do these directions apply to subcontracted activities?",
   "answer": "Yes, the provisions apply mutatis mutandis to subcontracted activities, and the outsourcing contract must require the bank's prior approval before any subcontracting.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-220/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13088&Mode=0"
  },
  {
   "question": "Do these Directions apply to treasury bills?",
   "answer": "No, government securities for these Directions exclude treasury bills.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12784&Mode=0"
  },
  {
   "question": "Do these Directions change the CRR or SLR rates for LABs?",
   "answer": "No, the Directions do not prescribe any new rates; they consolidate and clarify the existing framework for maintenance and reporting.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-226/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13081&Mode=0"
  },
  {
   "question": "Do these Directions override existing accounting standards?",
   "answer": "No, they supplement ICAI accounting standards. Banks must comply with both, subject to any specific RBI guidelines.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-314/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12990&Mode=0"
  },
  {
   "question": "Do these directions override state co-operative society laws?",
   "answer": "No. Banks must follow the requirements of State Co-operative Societies Acts or rules if they are more stringent than these RBI directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-286/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13019&Mode=0"
  },
  {
   "question": "Do these Directions replace all earlier KYC circulars for RRBs?",
   "answer": "Yes, Chapter XI repeals and saves earlier instructions, consolidating all KYC requirements for RRBs into this single direction.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-266/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13040&Mode=0"
  },
  {
   "question": "Do these directions replace all previous credit risk guidelines for UCBs?",
   "answer": "Yes, these directions consolidate and update previous guidelines on credit risk management for UCBs, repealing earlier circulars as per Chapter X.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-280/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13025&Mode=0"
  },
  {
   "question": "Do these directions replace all previous KYC circulars for UCBs?",
   "answer": "Yes, this is a consolidated direction that replaces earlier versions of KYC instructions for Urban Co-operative Banks, as indicated by the 'Previous Versions' reference.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-291/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13014&Mode=0"
  },
  {
   "question": "Do these directions replace any existing RBI guidelines for payments banks?",
   "answer": "Yes, Chapter XI provides for repeal of previous directions on payments bank governance. Banks should refer to the full text for specific repealed circulars.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-209/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13099&Mode=0"
  },
  {
   "question": "Do these Directions replace any previous guidelines?",
   "answer": "Yes, Chapter VI provides for repeal and saving of previous versions, meaning earlier directions on this subject are superseded.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-216/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13092&Mode=0"
  },
  {
   "question": "Do these Directions replace earlier guidelines?",
   "answer": "Yes, they repeal and replace previous prudential norms on capital adequacy for LABs, with a saving clause for actions taken under earlier rules.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-227/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13080&Mode=0"
  },
  {
   "question": "Do these Directions replace existing ALM guidelines for Payments Banks?",
   "answer": "Yes, Chapter VI repeals and saves previous instructions, meaning these Directions supersede earlier ALM guidelines for Payments Banks.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-215/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13093&Mode=0"
  },
  {
   "question": "Do these directions replace older guidelines?",
   "answer": "Yes, Chapter VI repeals and saves previous directions on the same subject, so SFBs must follow the 2025 version.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-198/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13111&Mode=0"
  },
  {
   "question": "Do these Directions replace previous RBI guidelines on credit risk for LABs?",
   "answer": "Yes, these are consolidated Directions that supersede earlier circulars and guidelines on credit risk management for LABs, as indicated by the 'Repeal and other provisions' chapter.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-232/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13075&Mode=0"
  },
  {
   "question": "Do these disclosures replace existing requirements?",
   "answer": "No, they are in addition to existing disclosure requirements under other laws, regulations, or accounting standards.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12292&Mode=0"
  },
  {
   "question": "Do these guidelines apply to all banks?",
   "answer": "They apply to all scheduled commercial banks, excluding Regional Rural Banks (RRBs) and Local Area Banks (LABs).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-487/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8739&Mode=0"
  },
  {
   "question": "Do these instruments need to be listed?",
   "answer": "Yes, the non-convertible/redeemable preference shares or debentures must be listed on recognized stock exchanges in India.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-632/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8928&Mode=0"
  },
  {
   "question": "Do these investments count against existing FPI debt limits?",
   "answer": "Yes, such investments are reckoned within the existing limits for FPI investments in debt securities under the MTF and VRR frameworks.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12188&Mode=0"
  },
  {
   "question": "Do these limits apply to all offline digital payments or only UPI Lite?",
   "answer": "The circular specifically enhances limits for UPI Lite under the offline framework. Other offline payment instruments remain subject to the earlier limits unless separately amended.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12752&Mode=0"
  },
  {
   "question": "Do these parameters apply to all cash handling machines?",
   "answer": "Yes, they apply to machines that check authenticity and fitness (sorting machines) and those that check only authenticity (authentication machines), whether operated directly by banks or their agents.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12347&Mode=0"
  },
  {
   "question": "Do these provisions apply to derivative transactions?",
   "answer": "Yes, current credit exposures from permitted derivative transactions attract the same provisioning rate as the standard asset category of the counterparty.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12329&Mode=0"
  },
  {
   "question": "Do these revised limits apply to Rural Co-operative Banks (RCBs) as well?",
   "answer": "No, this circular specifically addresses Urban Co-operative Banks. A separate circular for RCBs was announced in the same policy statement, with limits increasing to ₹50 lakh or ₹75 lakh depending on net worth, but that is not covered in this document.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-68/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12336&Mode=0"
  },
  {
   "question": "Do these rules apply to all Local Area Banks?",
   "answer": "Yes, the directions are applicable to all Local Area Banks as defined in the document.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-225/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13082&Mode=0"
  },
  {
   "question": "Do these rules apply to existing loans?",
   "answer": "Yes. For existing loans, the switch to the new penal charges regime must be done on the next review or renewal date, or within six months from January 1, 2024 (i.e., by July 1, 2024), whichever is earlier.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-53/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12527&Mode=0"
  },
  {
   "question": "Do these rules apply to sub-agents of DSAs?",
   "answer": "Yes. The amendment defines 'DSA/DMA sub-agent' as any individual engaged by a DSA/DMA to sell or market RRB products. All instructions for DSAs/DMAs also apply to these sub-agents, including consent and mis-selling rules.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13489&Mode=0"
  },
  {
   "question": "Do transfers from NRO to NRE accounts qualify for the exemption?",
   "answer": "No, such transfers are explicitly excluded from the exemption.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-184/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8309&Mode=0"
  },
  {
   "question": "Do transfers from NRO to NRE accounts qualify for this exemption?",
   "answer": "No, such transfers are explicitly excluded from the CRR/SLR exemption.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-190/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8316&Mode=0"
  },
  {
   "question": "Do UCBs have to pay for PSL shortfalls during FY21 and FY22?",
   "answer": "No, RBI has waived the requirement to contribute to RIDF or other eligible funds for PSL shortfalls in FY21 and FY22. Any contributions already made can be used to offset FY23 shortfalls, with excess refunded.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12515&Mode=0"
  },
  {
   "question": "Do UCBs have to provide ATM cards and cheque books to all BSBD account holders?",
   "answer": "UCBs must offer these facilities only if the customer requests them, either at account opening or later. Banks cannot insist that customers take these facilities.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13178&Mode=0"
  },
  {
   "question": "Do UCBs need prior RBI approval before starting online trading services?",
   "answer": "Yes, UCBs must obtain prior approval from the Reserve Bank by submitting an application along with a Board Resolution.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-645/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8944&Mode=0"
  },
  {
   "question": "Do UCBs need RBI approval for each housing loan?",
   "answer": "No, UCBs can grant loans based on their commercial judgment and board-approved policies, without needing special permission for each case.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12488&Mode=0"
  },
  {
   "question": "Do UCBs need to follow the same rules as commercial banks?",
   "answer": "Yes, UCBs must take into account the same guidelines issued to Scheduled Commercial Banks regarding security, data integrity, and confidentiality when sharing IT resources.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-327/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8515&Mode=0"
  },
  {
   "question": "Do UCBs need to revise their KYC policy for this?",
   "answer": "Yes, UCBs must revise their KYC policy in line with these instructions and ensure strict adherence. The Principal Officer must also acknowledge receipt of the circular to the RBI Regional Office.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-636/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8935&Mode=0"
  },
  {
   "question": "Do UCBs with assets below ₹500 crore need to comply?",
   "answer": "No, only UCBs with asset size of ₹500 crore and above are required to implement RBIA as per this circular.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12018&Mode=0"
  },
  {
   "question": "Do we have any obligations for virtual currency transactions now?",
   "answer": "Yes. You must apply standard KYC, AML, CFT, and PMLA due diligence, and ensure FEMA compliance for overseas remittances involving virtual currencies.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12103&Mode=0"
  },
  {
   "question": "Do we need a fresh approval from RBI for these name changes?",
   "answer": "No, the circular itself updates the names. Banks can proceed with processing remittances under the new names as per existing conditions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-365/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8560&Mode=0"
  },
  {
   "question": "Do we need a new Board-approved policy for lockers?",
   "answer": "Yes, banks must frame their own Board-approved policy and operational guidelines taking into account the revised instructions, superseding earlier policies.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12146&Mode=0"
  },
  {
   "question": "Do we need a tripartite agreement for every third party payment?",
   "answer": "Yes, a firm irrevocable order backed by a tripartite agreement is mandatory for both export and import transactions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-364/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8559&Mode=0"
  },
  {
   "question": "Do we need any documentation from the investee company?",
   "answer": "Yes, an ex-ante board resolution and an ex-post certificate from the statutory auditor are required.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-633/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8930&Mode=0"
  },
  {
   "question": "Do we need auditor certification for quarterly profits included in Owned Fund?",
   "answer": "Yes, the financial statements must be subjected to limited review or audit on a quarterly basis by the statutory auditors.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-231/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13316&Mode=0"
  },
  {
   "question": "Do we need board approval for each sale?",
   "answer": "Your board must approve a comprehensive policy covering asset selection, valuation, and sale procedures. Individual sales can then follow that policy.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-543/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8810&Mode=0"
  },
  {
   "question": "Do we need board approval for the new limits?",
   "answer": "Yes, banks must put in place internal board-approved limits for borrowing through Call and Notice Money Markets, similar to the existing requirement for Term Money Market borrowing.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12511&Mode=0"
  },
  {
   "question": "Do we need board approval to implement these changes?",
   "answer": "Yes, ADs must frame appropriate guidelines with board approval, within the existing statutory and regulatory framework.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12697&Mode=0"
  },
  {
   "question": "Do we need customer consent for e-KYC?",
   "answer": "Yes, the individual user must explicitly authorize UIDAI to release their identity/address through biometric authentication to the bank or BC. This consent is mandatory.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-263/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8426&Mode=0"
  },
  {
   "question": "Do we need fresh RBI approval for each LTD issuance?",
   "answer": "The circular states that LTD issuance requires approval from RBI and the concerned Registrar. Banks should seek specific guidance from RBI on whether a one-time or per-issuance approval is needed.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-530/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8784&Mode=0"
  },
  {
   "question": "Do we need RBI approval for any ODI commitment exceeding 100% of networth?",
   "answer": "Yes, unless the funding source is EEFC, ADR/GDR, or eligible ECB. For all other cases, prior RBI approval is mandatory.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-220/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8369&Mode=0"
  },
  {
   "question": "Do we need RBI approval for each new product now?",
   "answer": "No, prior RBI approval is no longer required. However, you must have board approval, adequate risk management, and comply with host regulator conditions.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-145/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12417&Mode=0"
  },
  {
   "question": "Do we need RBI approval to open a new branch if we already have 900 branches?",
   "answer": "No, prior approval is mandatory only when total branches would exceed 1000. However, any new branch must have a safe deposit vault and adequate security for gold storage before opening.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-260/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8418&Mode=0"
  },
  {
   "question": "Do we need separate RBI approval for engaging CIT entities?",
   "answer": "No separate approval is needed for this purpose, but you must ensure CIT entities comply with existing security and regulatory guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-244/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8399&Mode=0"
  },
  {
   "question": "Do we need separate RBI approval for transit PPIs?",
   "answer": "The circular does not specify a separate approval process; existing PPI authorisation should suffice, but issuers must comply with all MD-PPI provisions.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-126/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12612&Mode=0"
  },
  {
   "question": "Do we need separate RBI approval to enable BBPS for RDA?",
   "answer": "No separate approval is needed beyond compliance with this circular and the 2014 circular. AD banks must ensure adherence to FEMA provisions and existing guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12386&Mode=0"
  },
  {
   "question": "Do we need to allow RBI to audit shared IT resources?",
   "answer": "Yes, the service contract must ensure that regulators of the country have access to all information resources consumed by the bank, even if they are not physically located on the bank's premises. The service provider must agree to audit/inspection by regulators.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-216/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8365&Mode=0"
  },
  {
   "question": "Do we need to buy a specific software or can we build our own?",
   "answer": "RBI allows entities to decide on the tools based on size and complexity, but the solution must be comprehensive, integrated, enterprise-wide, and workflow-based.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12603&Mode=0"
  },
  {
   "question": "Do we need to change anything now?",
   "answer": "No immediate changes are required. Keep filing as before and watch for RBI's notification on the go-live date.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-173/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12245&Mode=0"
  },
  {
   "question": "Do we need to change our existing loan agreements?",
   "answer": "Yes, loan agreements must now include details of the repayment option, acceptable gold standards, and delivery procedures. Borrowers must be informed upfront about the implications of choosing this option.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12117&Mode=0"
  },
  {
   "question": "Do we need to convert all existing ATMs to talking ATMs immediately?",
   "answer": "No immediate deadline for existing ATMs, but you must lay down a roadmap for conversion and review it periodically with the Customer Service Committee. All new ATMs from July 1, 2014 must be talking ATMs with Braille keypads.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-608/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8901&Mode=0"
  },
  {
   "question": "Do we need to disclose ATM complaints from other banks' ATMs?",
   "answer": "Yes, all complaints related to ATM cards issued by your bank must be disclosed, regardless of which bank owned the ATM. If you can identify the acquiring bank, add a note but include the complaint in the total.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-218/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8367&Mode=0"
  },
  {
   "question": "Do we need to freeze accounts immediately if a match is found?",
   "answer": "Yes. As per the UAPA Order and earlier RBI circulars, banks must freeze funds, financial assets, or economic resources of designated individuals/entities. Follow the procedure outlined in paragraph 6 of the November 2009 circulars.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-196/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8337&Mode=0"
  },
  {
   "question": "Do we need to freeze accounts immediately upon finding a match?",
   "answer": "Yes, as per the UAPA Order and RBI circular dated September 17, 2009, you must freeze funds, financial assets, or economic resources of designated individuals/entities without delay.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-208/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8354&Mode=0"
  },
  {
   "question": "Do we need to freeze accounts immediately?",
   "answer": "Yes, under Section 51A of UAPA, 1967, regulated entities must ensure no accounts exist for listed individuals/entities. If any match is found, freeze the account without prior notice and report to the relevant authorities.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12751&Mode=0"
  },
  {
   "question": "Do we need to freeze accounts of deleted entities?",
   "answer": "No, the update only covers deletions. Freezing actions should follow the procedures in the earlier circulars for any entities that remain on the list. For deleted entries, no freezing is required.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-271/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8435&Mode=0"
  },
  {
   "question": "Do we need to include LEI details for all transactions?",
   "answer": "No, LEI details are not required for all transactions. The circular provides separate formats for transactions with and without LEI details. If the transaction has LEI details, the format with LEI must be used.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-178/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12454&Mode=0"
  },
  {
   "question": "Do we need to inform customers about the unfreezing?",
   "answer": "RBI does not explicitly require customer notification, but best practice is to inform affected account holders promptly and document the action for compliance records.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-178/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12250&Mode=0"
  },
  {
   "question": "Do we need to inform customers?",
   "answer": "Yes, AD Category-I banks are advised to bring the contents of this circular to the notice of their constituents concerned.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-375/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8582&Mode=0"
  },
  {
   "question": "Do we need to inform our linked branches separately?",
   "answer": "Yes, the circular explicitly advises Currency Chest holding banks to keep linked branches suitably informed about the extended operations on March 31, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-129/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12796&Mode=0"
  },
  {
   "question": "Do we need to issue a receipt to the person who gave the counterfeit note?",
   "answer": "Yes, an acknowledgement receipt in the prescribed format (Annex II) must be issued after stamping the note. The receipt should be in running serial numbers and authenticated by the cashier and tenderer.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2026-27-394/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13361&Mode=0"
  },
  {
   "question": "Do we need to issue new operational guidelines?",
   "answer": "No, the existing operational instructions issued by RBI continue to remain in force until June 30, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-21/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12075&Mode=0"
  },
  {
   "question": "Do we need to keep branches open on March 31, 2021?",
   "answer": "Yes, designated branches must remain open for over-the-counter government transactions during normal working hours on March 31, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12045&Mode=0"
  },
  {
   "question": "Do we need to open branches on Sunday, March 30?",
   "answer": "It is optional but recommended at key locations with high transaction volumes. Banks should decide based on local needs and give due publicity.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-535/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8790&Mode=0"
  },
  {
   "question": "Do we need to provide claim forms to anyone who asks?",
   "answer": "Yes, banks must provide claim forms to any person approaching for them, and also put them on the website for easy access.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-248/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8403&Mode=0"
  },
  {
   "question": "Do we need to put claim forms on our website immediately?",
   "answer": "Yes, the circular advises RRBs to place claim forms prominently on their websites so claimants can download them without visiting a branch.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-245/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8400&Mode=0"
  },
  {
   "question": "Do we need to put claim forms on our website?",
   "answer": "Yes, RBI mandates that claim forms be placed prominently on the bank's website so claimants can download them without visiting a branch.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-214/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8363&Mode=0"
  },
  {
   "question": "Do we need to report accounts that only partially match the names?",
   "answer": "Yes, the circular says 'details of accounts resembling any of the individuals/entities in the lists' must be reported. Use your usual name screening logic for potential matches.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-166/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12441&Mode=0"
  },
  {
   "question": "Do we need to report compliance to RBI?",
   "answer": "Yes, the Compliance Officer or Principal Officer must acknowledge receipt of this circular to the concerned Regional Office of RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-204/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8350&Mode=0"
  },
  {
   "question": "Do we need to report historical gold derivative transactions?",
   "answer": "Yes, as a one-time measure, banks must report all matured and outstanding OTC gold derivative transactions from April 15, 2024 to CCIL by February 28, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12757&Mode=0"
  },
  {
   "question": "Do we need to report matches to anyone besides freezing assets?",
   "answer": "Yes. Report any matches to the Financial Intelligence Unit-India (FIU-IND) and the designated nodal officer, as per Section 51A of UAPA and RBI KYC Directions, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13371&Mode=0"
  },
  {
   "question": "Do we need to report only accounts that exactly match 'Hizb-Ut-Tahrir'?",
   "answer": "No. The notification covers 'all its manifestations and front organisations'. You must screen for any name or entity that could be a front or manifestation of Hizb-Ut-Tahrir, using your risk-based approach.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12743&Mode=0"
  },
  {
   "question": "Do we need to report only if we find a match?",
   "answer": "Yes, Section 52 of the KYC Master Direction mandates reporting details of accounts resembling any listed individuals/entities to FIU-IND and advising MHA as per the UAPA notification.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-134/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12406&Mode=0"
  },
  {
   "question": "Do we need to report only if we find an exact name match?",
   "answer": "No. Section 51(b) of the Master Direction says 'accounts resembling any of the individuals/entities' must be reported. Use your usual fuzzy matching and due diligence process.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12591&Mode=0"
  },
  {
   "question": "Do we need to report outstanding trades entered before December 30, 2013?",
   "answer": "For client currency swaps and FCY FRA/IRS, reporting is prospective only—no need to report outstanding trades. However, all outstanding interbank currency swaps, FCY FRA/IRS, and client INR FRA/IRS as of Dec 30, 2013 must be reported to CCIL by January 31, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-400/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8619&Mode=0"
  },
  {
   "question": "Do we need to report repo/reverse repo at market value or face value?",
   "answer": "Both. RBI now requires disclosures in market value terms as well as face value terms for repo and reverse repo transactions in the notes to accounts.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-126/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12793&Mode=0"
  },
  {
   "question": "Do we need to report suspicious transactions under this facility?",
   "answer": "Yes, the Recipient Bank must report suspicious transactions to FIU-IND, including details of the Partner Bank through which the remittance was received.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-511/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8763&Mode=0"
  },
  {
   "question": "Do we need to report the CRM amount separately?",
   "answer": "Yes, disclose it in Schedule 1: Capital with a specific note stating the amount designated as CRM and that it is not reckoned for regulatory capital or other statutory requirements.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12160&Mode=0"
  },
  {
   "question": "Do we need to report the removal to RBI or any other authority?",
   "answer": "The circular does not mandate reporting the removal itself, but you must follow the procedure in the UAPA Order dated February 2, 2021 (amended March 15, 2023) annexed to the MD on KYC. Any delisting requests from customers must be forwarded to MHA.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12508&Mode=0"
  },
  {
   "question": "Do we need to report these excluded amounts separately to RBI?",
   "answer": "The circular does not mandate separate reporting; however, banks must ensure accurate NDTL computation. Existing reporting formats under the Master Direction may need internal adjustments.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12403&Mode=0"
  },
  {
   "question": "Do we need to report this change to RBI?",
   "answer": "No reporting is required. RBI has already updated the Second Schedule; banks only need to update their internal records.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12660&Mode=0"
  },
  {
   "question": "Do we need to report this to RBI?",
   "answer": "No specific reporting is required, but you must update your internal records and ensure any regulatory filings reflect the correct status of this entity.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12688&Mode=0"
  },
  {
   "question": "Do we need to revise our KYC policy?",
   "answer": "Yes, RRBs and StCBs/CCBs must revise their KYC policy to incorporate these instructions and ensure strict adherence.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-518/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8770&Mode=0"
  },
  {
   "question": "Do we need to screen only new accounts or existing ones too?",
   "answer": "Both. The circular requires NBFCs to check new accounts before opening and also scan all existing accounts to ensure no account is linked to listed individuals or entities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-311/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8489&Mode=0"
  },
  {
   "question": "Do we need to set up a special cell in every branch?",
   "answer": "No, each bank should set up one special cell at the head office or regional level with a nodal officer. In each of the 121 minority concentration districts, the Lead Bank must designate an officer to exclusively handle minority credit.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-02/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12467&Mode=0"
  },
  {
   "question": "Do we need to stop paper submissions immediately?",
   "answer": "No. Continue existing submission methods until RBI notifies the online filing date. The change is prospective.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-166/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12236&Mode=0"
  },
  {
   "question": "Do we need to stop reporting Leverage Ratio entirely?",
   "answer": "No. You must stop reporting it to DoR from quarter ended March 2022, but continue reporting to the Department of Supervision (DoS) as before.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-168/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12240&Mode=0"
  },
  {
   "question": "Do we need to submit data if there were no LRS remittances in a month?",
   "answer": "Yes, banks must upload 'nil' figures on the XBRL system if no data is to be furnished.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-56/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12115&Mode=0"
  },
  {
   "question": "Do we need to submit full data for every weekly reference date?",
   "answer": "No. Only the month-end reference date requires a full file. For the 9th, 16th, and 23rd, you only need to submit incremental accounts (new, closed, or changed accounts) within 4 calendar days.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13186&Mode=0"
  },
  {
   "question": "Do we need to submit separate claims for incentives?",
   "answer": "No, incentives are paid automatically based on net withdrawal from currency chest for coins and receipt of soiled notes in RBI Issue Office. No separate claim is needed.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12269&Mode=0"
  },
  {
   "question": "Do we need to take any action for past transactions with the excluded RRBs?",
   "answer": "Yes, update your records and ensure any ongoing contracts or exposures are transferred to the corresponding new RRB as per the merger scheme.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-474/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8722&Mode=0"
  },
  {
   "question": "Do we need to take any action regarding Allahabad Bank's old accounts?",
   "answer": "Yes, ensure all references to Allahabad Bank are updated to the successor bank in your systems and documentation.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11972&Mode=0"
  },
  {
   "question": "Do we need to take any action to acknowledge this circular?",
   "answer": "Yes, the circular instructs you to acknowledge receipt to your respective RBI Regional Office.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-348/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8542&Mode=0"
  },
  {
   "question": "Do we need to take any immediate action?",
   "answer": "Yes, ensure your bank stops using these circulars for any supervisory or compliance purposes. Update internal documents and training to reflect current RBI guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-51/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12701&Mode=0"
  },
  {
   "question": "Do we need to treat this as a restructuring?",
   "answer": "No, the directions are issued under RBI's statutory powers and are separate from restructuring frameworks. However, banks must follow the policy and eligibility criteria specified in the directions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12921&Mode=0"
  },
  {
   "question": "Do we need to unfreeze accounts of these 5 individuals immediately?",
   "answer": "Yes, since the UNSC has deleted these entries, you should remove any freeze or restriction placed solely based on this listing. However, ensure no other legal or regulatory obligation prevents unfreezing.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-150/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12219&Mode=0"
  },
  {
   "question": "Do we need to update any existing contracts or agreements with AB Bank?",
   "answer": "Yes, it is advisable to update all legal and operational documents to reflect the new name 'AB Bank PLC' to ensure consistency and avoid confusion.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12672&Mode=0"
  },
  {
   "question": "Do we need to update any Master Directions or circulars?",
   "answer": "RBI has stated that the relevant Master Directions (ECB, trade credits, and FEMA reporting) are being updated. Banks should track these updates but no immediate action is needed beyond stopping the return.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12337&Mode=0"
  },
  {
   "question": "Do we need to update our existing tokenisation systems?",
   "answer": "Yes, banks must enable CoFT generation through their digital channels, ensure AFA validation, and provide a merchant list. Existing tokenisation rules from earlier RBI circulars still apply.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12573&Mode=0"
  },
  {
   "question": "Do we need to update our KYC policy documents?",
   "answer": "Yes, you must update your internal KYC policies and procedures to reflect the revised UAPA order and the new source for the nodal officer list.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12042&Mode=0"
  },
  {
   "question": "Do we need to update our LRS reporting systems for this change?",
   "answer": "Yes, AD Category-I banks should update their internal systems to remove the 15-day repatriation trigger for IFSC accounts. Reporting under the Master Direction on LRS remains otherwise unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-21/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12494&Mode=0"
  },
  {
   "question": "Do we need to update our records for past transactions with LVB?",
   "answer": "Yes, for regulatory accuracy, update records to reflect LVB's non-scheduled status from the effective date, especially for reporting and compliance purposes.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12087&Mode=0"
  },
  {
   "question": "Do we need to update our system records immediately?",
   "answer": "Yes, to avoid any discrepancies in interbank transactions or regulatory reporting, update your systems to reflect the new name as soon as possible.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-480/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8732&Mode=0"
  },
  {
   "question": "Do we need to wait for a separate RBI circular for each new UAPA addition?",
   "answer": "No. The RBI circular clarifies that the UAPA Order in the KYC Master Direction applies to all amendments to Schedule I and IV, so any government gazette notification triggers immediate compliance.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-170/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12446&Mode=0"
  },
  {
   "question": "Do we need to wait for RBI instructions before acting on government orders for dearness relief?",
   "answer": "No. The circular discontinues forwarding of such orders by RBI. You must act on copies received via post, fax, email, or from government websites immediately without waiting for further RBI instructions.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-08/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12059&Mode=0"
  },
  {
   "question": "Do we need to wait for RBI instructions before implementing government pension orders?",
   "answer": "No, agency banks must act immediately on government orders received through post, fax, email, or from government websites, without waiting for further RBI instructions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-05/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12811&Mode=0"
  },
  {
   "question": "Do we still need RBI approval before starting PAN services with NSDL?",
   "answer": "Yes, prior approval of the Reserve Bank is mandatory before entering into any tie-up with NSDL e-Governance Infrastructure Limited or any other authorized agency.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-593/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8879&Mode=0"
  },
  {
   "question": "Do we still need RBI approval for corporate guarantees to step-down subsidiaries?",
   "answer": "No, the new rules dispense with the requirement of approval for issuance of corporate guarantees to or on behalf of second or subsequent level step down subsidiaries.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12381&Mode=0"
  },
  {
   "question": "Do we still need RBI approval for these products?",
   "answer": "No prior RBI approval is needed for products at the listed hubs, but you must have Board approval and comply with host country regulations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-588/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8874&Mode=0"
  },
  {
   "question": "Do we still need to accept physical Aadhaar cards?",
   "answer": "Yes, physical Aadhaar cards/letters continue to be accepted as Officially Valid Documents. e-KYC is an additional option.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-337/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8526&Mode=0"
  },
  {
   "question": "Do we still need to accept physical Aadhaar letters after this circular?",
   "answer": "Yes, the circular explicitly states that physical Aadhaar cards or letters issued by UIDAI will continue to be accepted as an Officially Valid Document. The e-KYC service is an additional option, not a replacement.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-242/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8397&Mode=0"
  },
  {
   "question": "Do we still need to file Form ORA with RBI?",
   "answer": "No, the requirement to forward Form ORA to RBI Regional Offices has been discontinued. You only need to keep the particulars at your end.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-285/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8450&Mode=0"
  },
  {
   "question": "Do we still need to follow conditions from the June 2022 circular?",
   "answer": "Yes, the conditions listed in the earlier circular (CO.DPSS.POLC.No.S-518/02.14.003/2022-23) continue to apply for processing these e-mandates.",
   "page": "https://bankpulse.ai/c/rbi-2023-2024-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12570&Mode=0"
  },
  {
   "question": "Do we still need to maintain any additional CRR after October 7?",
   "answer": "No, from October 7, 2023 onwards, the additional average daily balance required under I-CRR becomes nil, meaning the requirement is fully discontinued.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-59/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12533&Mode=0"
  },
  {
   "question": "Do we still need to monitor these accounts for fraud?",
   "answer": "Yes, RRBs must exercise due diligence by verifying signatures, identities, and transaction genuineness, but without inconveniencing the customer.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-312/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8490&Mode=0"
  },
  {
   "question": "Do we still need to obtain NoCs from financial sector regulators for FDI share transfers?",
   "answer": "No, the requirement to obtain and file NoCs with form FC-TRS has been waived under FEMA. However, any 'fit and proper' or due diligence requirements imposed by the respective financial sector regulator must still be complied with.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-366/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8561&Mode=0"
  },
  {
   "question": "Do we still need to report PIS transactions daily?",
   "answer": "Yes, the link office must continue reporting all PIS transactions daily via ORFS in form LEC (NRI), as per existing practice.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-192/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8325&Mode=0"
  },
  {
   "question": "Do we still need to report these transactions anywhere?",
   "answer": "Yes, you must continue reporting client-level Rupee IRS/FRA transactions to CCIL's trade reporting platform, which has been operational since December 30, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-532/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8785&Mode=0"
  },
  {
   "question": "Do we still need to send any forms to RBI for project exports?",
   "answer": "No, the requirement to submit DPX1, PEX-1, TCS-1, and DPX-3 to RBI's regional office has been removed. However, if ECGC or Exim Bank have funded/non-funded facilities or insurance cover, those forms must still be sent to them.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-286/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8449&Mode=0"
  },
  {
   "question": "Do we still need to send physical copies to RBI?",
   "answer": "No. From June 30, 2026, physical submission to RBI offices in New Delhi is replaced entirely by CIMS uploads for these two returns.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13465&Mode=0"
  },
  {
   "question": "Does 'explicit consent' require written documentation?",
   "answer": "Yes. Explicit consent must be a specific, informed, and unambiguous indication of choice, given through a duly recorded statement or clear affirmative action. Verbal consent without documentation may not suffice.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13490&Mode=0"
  },
  {
   "question": "Does 'lending' include equity investments in related parties?",
   "answer": "No, lending covers funded and non-funded credit facilities and debt instruments, but equity investments are excluded.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-173/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13249&Mode=0"
  },
  {
   "question": "Does 'lending' include investments in related party debt?",
   "answer": "Yes, lending covers both funded and non-funded credit facilities, including investments in debt instruments of related parties. Equity investments are excluded.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-174/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13250&Mode=0"
  },
  {
   "question": "Does 'Lending' to related parties include equity investments?",
   "answer": "No. The definition of 'Lending' in the context of related parties covers funded and non-funded credit facilities and investments in debt instruments, but explicitly excludes equity investments.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-177/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13253&Mode=0"
  },
  {
   "question": "Does an RBI penalty mean my deposits are at risk?",
   "answer": "No. RBI monetary penalties are compliance signals on specific regulatory lapses; they are not a comment on the bank's solvency or on the safety of customer deposits.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Does BankPulse reproduce RBI circular text?",
   "answer": "No. BankPulse never reproduces RBI text verbatim. It publishes its own plain-English summaries and analytical mappings, always alongside the official rbi.org.in source link.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Does BankPulse track UPI-specific NPCI circulars?",
   "answer": "Not yet — our crosswalk currently tracks RBI notifications, and no tracked RBI document is titled 'UPI' because UPI's operating rules are issued separately by NPCI. This page therefore maps UPI to the 259 tracked RBI payment-system (DPSS) documents that form its regulatory anchor, shown newest first in the timeline below. We never reproduce RBI or NPCI text verbatim.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Does creating DTL affect our Tier-I capital calculation?",
   "answer": "Yes, but positively. The circular allows banks to reckon the entire Special Reserve (gross of DTL) for Tier-I capital, so the full reserve amount counts, not just the net-of-tax portion.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-412/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8638&Mode=0"
  },
  {
   "question": "Does creating DTL reduce our Tier-I capital?",
   "answer": "No. The circular states that banks may reckon the entire Special Reserve for Tier-I capital computation, despite the DTL creation. So capital adequacy is not negatively impacted.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-619/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8913&Mode=0"
  },
  {
   "question": "Does extending the DCCO for a project loan count as restructuring under the new guidelines?",
   "answer": "No, mere extension of DCCO up to a specified period for infra, non-infra, and CRE projects does not tantamount to restructuring, as per the January 2014 guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-459/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8706&Mode=0"
  },
  {
   "question": "Does it reproduce RBI text?",
   "answer": "No. The Co-pilot summarises obligations in plain English and links to the official rbi.org.in page for the authoritative text. It never reproduces RBI circulars verbatim.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Does MRO include related services like catering or ground handling?",
   "answer": "No, the circular specifies that MRO is distinct from related services which are other than infrastructure. Only MRO activities are included.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-429/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8668&Mode=0"
  },
  {
   "question": "Does refinancing a project loan always count as restructuring?",
   "answer": "No, if the loan is standard, not previously restructured, and more than 50% of the outstanding by value is taken over by other banks/FIs, with repayment based on project cash flows, it won't be treated as restructuring.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-502/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8756&Mode=0"
  },
  {
   "question": "Does the 1-3 year FCNR(B) deposit ceiling change?",
   "answer": "No, the ceiling for 1 year to less than 3 years remains unchanged at LIBOR/Swap plus 200 basis points both before and after March 1, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-477/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8724&Mode=0"
  },
  {
   "question": "Does the 75% LTV cap apply to all types of gold loans?",
   "answer": "Yes, the circular explicitly includes bullet repayment loans against pledge of gold jewellery, so it covers both traditional and bullet repayment structures.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-453/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8701&Mode=0"
  },
  {
   "question": "Does the 75% risk weight apply to all CRE-Residential Building exposures?",
   "answer": "No, it applies only to standard (performing) exposures. Non-standard exposures still carry a 100% risk weight under the 'Other Assets' category as per Sr. No. 6(d) of paragraph 6.2.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12720&Mode=0"
  },
  {
   "question": "Does the amendment affect capital reserves?",
   "answer": "No, capital reserves remain unchanged; only revenue reserves are redefined.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13458&Mode=0"
  },
  {
   "question": "Does the amendment affect existing credit facilities?",
   "answer": "The amendment modifies definitions and may require banks to review existing portfolios for alignment with new definitions, especially for acquisition and bridge loans, though no explicit reclassification requirement is stated.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-211/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13297&Mode=0"
  },
  {
   "question": "Does the amendment apply to existing loan portfolios?",
   "answer": "The RBI directive focuses on credit assessments for new exposures. However, institutions are encouraged to review existing portfolios for calamity risk and adjust monitoring as needed.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13441&Mode=0"
  },
  {
   "question": "Does the ANBC exclusion for priority sector lending also end on March 8, 2014?",
   "answer": "No. Advances extended against the grandfathered deposits will continue to be excluded from ANBC until their repayment, even after the CRR/SLR exemption is withdrawn.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-478/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8726&Mode=0"
  },
  {
   "question": "Does the annual cap of 12 remittances still apply?",
   "answer": "No, the annual cap of 12 remittances per remitter has been removed for account-based transfers. However, it continues to apply for cash remittances from walk-in customers.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12155&Mode=0"
  },
  {
   "question": "Does the APR include third-party charges like insurance or legal fees?",
   "answer": "Yes, charges recovered by the lender on behalf of third-party service providers on an actual basis must be included in the APR and disclosed separately. The lender must also provide receipts or related documents for each such payment to the borrower.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12663&Mode=0"
  },
  {
   "question": "Does the Audit Committee need to include independent directors?",
   "answer": "Yes, the Audit Committee must consist only of non-executive directors, and its chair must be an independent director who does not chair any other board committee. At least one member should have professional expertise in financial accounting or management.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-128/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12399&Mode=0"
  },
  {
   "question": "Does the ban apply to guarantees given by directors or their relatives?",
   "answer": "Yes. Directors, their relatives, and entities they are interested in cannot stand as surety or guarantor for any loans or financial accommodation sanctioned by the UCB.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12019&Mode=0"
  },
  {
   "question": "Does the board have flexibility on the number of WTDs?",
   "answer": "Yes, the board decides the exact number of WTDs based on factors like size, business complexity, and other relevant aspects, but at least two including the MD&CEO are mandatory.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12551&Mode=0"
  },
  {
   "question": "Does the CGFMU guarantee apply to loans below ₹10 lakh?",
   "answer": "No, loans up to ₹10 lakh remain fully collateral- and margin-free but are not covered under CGFMU. Only loans above ₹10 lakh and up to ₹20 lakh are eligible for the guarantee.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12143&Mode=0"
  },
  {
   "question": "Does the circular apply to co-operative banks?",
   "answer": "Yes, it applies to Primary (Urban) Co-operative Banks, State Co-operative Banks, and District Central Co-operative Banks, along with commercial banks and NBFCs.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12382&Mode=0"
  },
  {
   "question": "Does the CLM apply to foreign banks with less than 20 branches?",
   "answer": "No, the CLM is not applicable to foreign banks (including WOS) with less than 20 branches.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11991&Mode=0"
  },
  {
   "question": "Does the cooling-off period apply to directors who have already served eight years before the amendment?",
   "answer": "The source does not specify retroactive application; the ten-year continuous tenure limit applies from the effective date of the Banking Laws (Amendment) Act, 2025 (August 1, 2025). Directors who have served eight years before that must calculate their continuous tenure including that period, but the source does not explicitly address whether the cooling-off period applies to pre-existing service.",
   "page": "https://bankpulse.ai/c/rbi-dor-2026-27-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13462&Mode=0"
  },
  {
   "question": "Does the CRR/SLR exemption still apply?",
   "answer": "Yes, the exemption from CRR and SLR requirements on such incremental NRE deposits continues as per the original circular, and the current extension does not alter that benefit.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-392/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8611&Mode=0"
  },
  {
   "question": "Does the customer need to give consent for e-KYC?",
   "answer": "Yes, the individual must explicitly authorize UIDAI to release their identity/address data through biometric authentication to the bank or BC.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-209/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8357&Mode=0"
  },
  {
   "question": "Does the exclusion from priority sector lending targets continue?",
   "answer": "Yes, advances extended against the deposits that qualified for CRR/SLR exemption will still be excluded from outstanding advances for priority sector lending targets for RRBs until those advances are repaid.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-486/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8738&Mode=0"
  },
  {
   "question": "Does the exemption apply to NRO account transfers to NRE accounts?",
   "answer": "No, transfers from Non-Resident (Ordinary) accounts to NRE accounts do not qualify for the exemption and must be included in NDTL for CRR/SLR.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12351&Mode=0"
  },
  {
   "question": "Does the exemption apply to renewed FCNR(B) deposits?",
   "answer": "Yes, deposits that are renewed upon maturity during the specified period also qualify for the exemption, provided they meet the tenor conditions.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13473&Mode=0"
  },
  {
   "question": "Does the extension affect the requirement for payment aggregators to put in place workable solutions for paragraphs 7.4 and 10.4 of the March 17, 2020 circular?",
   "answer": "No, the extension specifically states that the timeline for putting in place workable solutions for those paragraphs is not impacted. Only the authorisation application deadline for existing non-bank PAs has been extended to September 30, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12095&Mode=0"
  },
  {
   "question": "Does the extension change the scope or coverage of the scheme?",
   "answer": "No, the scope and coverage remain exactly the same as per the May 13, 2020 instructions.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-21/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12075&Mode=0"
  },
  {
   "question": "Does the framework apply to service providers outside India?",
   "answer": "Yes, it applies to service providers located in India or elsewhere, as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12136&Mode=0"
  },
  {
   "question": "Does the general permission cover opening ATMs or extension counters?",
   "answer": "No, the general permission only covers new full-fledged branches or upgrading an extension counter (operating for over 3 years) to a full-fledged branch. Opening extension counters, controlling offices, and ATMs continue under existing guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12512&Mode=0"
  },
  {
   "question": "Does the interest rate ceiling for 1-3 year FCNR(B) deposits change?",
   "answer": "No, the ceiling for 1 year to less than 3 years remains unchanged at LIBOR/Swap plus 200 basis points.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-489/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8741&Mode=0"
  },
  {
   "question": "Does the moratorium restriction apply to existing housing loans?",
   "answer": "No, the amendment applies to new loans sanctioned after the effective date (Oct 1, 2026 or earlier adoption). Existing loans are not affected.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13404&Mode=0"
  },
  {
   "question": "Does the new definition of 'Lending' include equity investments?",
   "answer": "No. 'Lending' for related parties covers funded and non-funded credit facilities, including investments in debt instruments of related parties, but explicitly excludes equity investments.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-176/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13252&Mode=0"
  },
  {
   "question": "Does the new direction change the definition of a Certificate of Deposit?",
   "answer": "No, the definition remains the same: a negotiable, unsecured money market instrument issued by a bank as a Usance Promissory Note against funds deposited at the bank for a maturity period upto one year.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12108&Mode=0"
  },
  {
   "question": "Does the new framework apply to cross-border recurring transactions?",
   "answer": "Yes, the framework applies to both domestic and cross-border recurring transactions using cards, PPIs, or UPI.",
   "page": "https://bankpulse.ai/c/rbi-dpss-2026-27-396/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13374&Mode=0"
  },
  {
   "question": "Does the new limit apply to existing exposures without any additional drawdown?",
   "answer": "No, for existing exposures above ₹5 crore but below ₹7.5 crore, the 75% risk weight applies only if the bank takes additional exposure after October 12, 2020, bringing the total to the revised limit. Otherwise, the existing risk weight continues.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-53/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11981&Mode=0"
  },
  {
   "question": "Does the new Rs 10,000 limit apply to travel to Nepal and Bhutan?",
   "answer": "No, the circular explicitly excludes travel to and from Nepal and Bhutan. The limit applies only to other destinations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-233/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8387&Mode=0"
  },
  {
   "question": "Does the new ₹30 lakh cap apply to the Board Chair as well?",
   "answer": "No, the revised ceiling of ₹30 lakh per annum applies only to Non-Executive Directors other than the Chair of the Board. Remuneration for Part-time Chairmen in private sector banks still requires separate RBI approval.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-121/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12607&Mode=0"
  },
  {
   "question": "Does the overall corporate debt limit change?",
   "answer": "No, the total corporate debt limit remains at USD 51 billion. The freed USD 1.5 billion is now available for investment in other corporate debt instruments.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-494/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8746&Mode=0"
  },
  {
   "question": "Does the RBI fix the rupee's exchange rate?",
   "answer": "No. India runs a managed-float regime: the rupee's value is set by market demand and supply, while the RBI intervenes in the spot and forward markets only to curb disorderly movements and excessive volatility. It does not defend a particular USD/INR level.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Does the RBI target WPI inflation?",
   "answer": "No. Under India's flexible inflation-targeting framework the RBI targets CPI-Combined inflation at 4% (within a 2-6% band). WPI is not the targeted index, but it is tracked closely because wholesale and producer-price moves often feed through into retail (CPI) prices with a lag.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Does the scope or coverage of the scheme change with this extension?",
   "answer": "No, the scope and coverage remain exactly the same as per the earlier circular dated April 12, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-65/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12124&Mode=0"
  },
  {
   "question": "Does the sequencing condition apply to AA/DFIA issued before August 14, 2013?",
   "answer": "No, for authorisations issued before that date, the condition of sequencing imports prior to exports is not insisted upon.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-367/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8562&Mode=0"
  },
  {
   "question": "Does the SRO replace RBI regulations?",
   "answer": "No, the SRO's rules supplement but do not replace applicable laws or RBI regulations.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11986&Mode=0"
  },
  {
   "question": "Does the unamortised pension expenditure affect capital adequacy?",
   "answer": "No, the circular explicitly states that pension-related unamortised expenditure will not be reduced from Tier 1 Capital of RRBs.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-127/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12794&Mode=0"
  },
  {
   "question": "Does the view-only facility allow customers to download loan application forms?",
   "answer": "Yes, the directions explicitly state that banks providing view-only facility can provide downloadable forms for facilities like loans. However, the actual loan processing or fund movement cannot be done through the digital channel without transactional authorisation.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-385/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13034&Mode=0"
  },
  {
   "question": "Does the ₹2 lakh cap apply automatically to all row 5 contraventions?",
   "answer": "No, it is subject to the compounding authority's satisfaction based on the nature of contravention, exceptional circumstances, and wider public interest. It is not automatic.",
   "page": "https://bankpulse.ai/c/rbi-fed-2025-26-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12842&Mode=0"
  },
  {
   "question": "Does the ₹2 lakh limit apply to loans for allied activities like dairy or fisheries?",
   "answer": "Yes, the circular explicitly includes loans for allied activities under the enhanced collateral-free limit.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12755&Mode=0"
  },
  {
   "question": "Does this affect all banks uniformly?",
   "answer": "Yes, the CRR requirement applies to all scheduled banks as per Section 42 of the RBI Act, 1934 and Section 18 of the Banking Regulation Act, 1949.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12020&Mode=0"
  },
  {
   "question": "Does this affect all banks?",
   "answer": "No, it applies to all Scheduled Commercial Banks except Small Finance Banks, Payments Banks, Local Area Banks, and Regional Rural Banks.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12041&Mode=0"
  },
  {
   "question": "Does this affect all HFCs or only those taking deposits?",
   "answer": "The changes specifically apply to HFCs that accept or hold public deposits. Non-deposit-taking HFCs are not directly impacted by these particular provisions.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12719&Mode=0"
  },
  {
   "question": "Does this affect all NRE deposits or only specific tenors?",
   "answer": "The uncapped rate flexibility applies only to incremental NRE deposits with maturity of 3 years and above. Other NRE deposit instructions remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-476/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8725&Mode=0"
  },
  {
   "question": "Does this affect all T-Bill auctions going forward?",
   "answer": "Yes, the amendment updates the general terms for all future auctions of Government of India Treasury Bills and Cash Management Bills.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-143/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12212&Mode=0"
  },
  {
   "question": "Does this affect all types of lenders?",
   "answer": "Yes, it applies to all commercial banks, cooperative banks, NBFCs, housing finance companies, and all-India financial institutions.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-154/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12425&Mode=0"
  },
  {
   "question": "Does this affect any other SLR-related requirements?",
   "answer": "No, this circular only changes the MSF dip limit. Other SLR maintenance requirements under Section 24 of the Banking Regulation Act, 1949 remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-138/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12207&Mode=0"
  },
  {
   "question": "Does this affect banks directly?",
   "answer": "Banks are not directly required to appoint an IO under this circular, but they must ensure their CIC partners comply, as it impacts credit data dispute resolution.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12395&Mode=0"
  },
  {
   "question": "Does this affect completed housing projects?",
   "answer": "No, the circular specifically targets incomplete, under-construction, or greenfield projects. Completed projects are not subject to this restriction.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-320/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8503&Mode=0"
  },
  {
   "question": "Does this affect customer accounts or deposits in these banks?",
   "answer": "No, customer accounts and deposits are unaffected as the merger transferred all assets and liabilities to the successor banks.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11973&Mode=0"
  },
  {
   "question": "Does this affect customers of OBC or United Bank of India?",
   "answer": "No, this is a regulatory formality. Customers continue to be served by Punjab National Bank, the successor entity.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11974&Mode=0"
  },
  {
   "question": "Does this affect customers of the erstwhile RRBs?",
   "answer": "Yes, customers of Baroda Uttar Pradesh Gramin Bank, Kashi Gomti Samyut Gramin Bank, and Purvanchal Bank are now served by Baroda UP Bank, which assumes all assets and liabilities.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12202&Mode=0"
  },
  {
   "question": "Does this affect existing contracts with Credit Suisse AG?",
   "answer": "The notification only changes its regulatory status; banks should consult legal advice for contractual implications.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12727&Mode=0"
  },
  {
   "question": "Does this affect existing loans already disbursed upfront?",
   "answer": "The circular does not explicitly address past loans, but banks should review existing exposures and ensure future disbursals comply. For ongoing projects, banks may need to adjust disbursement schedules.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-217/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8366&Mode=0"
  },
  {
   "question": "Does this affect existing MIFOR status?",
   "answer": "No, MIFOR remains a significant benchmark till further notice, as clarified in the notification.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-142/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12414&Mode=0"
  },
  {
   "question": "Does this affect existing transactions with Abu Dhabi Commercial Bank?",
   "answer": "Existing transactions may need review for compliance, but the exclusion primarily changes the bank's regulatory status going forward.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-187/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12463&Mode=0"
  },
  {
   "question": "Does this affect guest checkout transactions?",
   "answer": "Yes, the industry must implement an alternate system for guest checkout before the new deadline, as it remains unresolved.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12345&Mode=0"
  },
  {
   "question": "Does this affect lead bank arrangements in other Assam districts?",
   "answer": "No, the circular explicitly states there is no change in the lead banks of other districts in Assam.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12685&Mode=0"
  },
  {
   "question": "Does this affect lead bank responsibilities for other Tamil Nadu districts?",
   "answer": "No, there is no change for the erstwhile district or any other district in the state.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12076&Mode=0"
  },
  {
   "question": "Does this affect lead banks of other Assam districts?",
   "answer": "No, there is no change in the Lead Banks of other districts in Assam.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13463&Mode=0"
  },
  {
   "question": "Does this affect NRO accounts?",
   "answer": "No, the existing interest rate ceiling on NRO accounts continues unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-193/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8326&Mode=0"
  },
  {
   "question": "Does this affect other banks' operations?",
   "answer": "No, it is a name update for DCB Bank only. Other banks need only update their records for accurate referencing.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-442/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8687&Mode=0"
  },
  {
   "question": "Does this affect other cooperative banks directly?",
   "answer": "Not directly, but it reinforces the regulatory framework for cooperative banks. Other banks should update their records and consider the scheduled status when dealing with Chhattisgarh Rajya Sahakari Bank.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-357/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8624&Mode=0"
  },
  {
   "question": "Does this affect other export credit products?",
   "answer": "The notification specifically addresses Pre-shipment Credit in Foreign Currency (PCFC). All other instructions on export credit remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12139&Mode=0"
  },
  {
   "question": "Does this affect other RBI liquidity facilities?",
   "answer": "This notification specifically addresses the SLF for Primary Dealers. Other LAF windows may be adjusted separately based on the repo rate change.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12855&Mode=0"
  },
  {
   "question": "Does this affect the CCP exposure guidelines?",
   "answer": "No. The capital requirements for banks' exposures to central counterparties remain effective from January 1, 2014 as per the July 2, 2013 circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-424/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8662&Mode=0"
  },
  {
   "question": "Does this affect the new MSME classification criteria introduced in 2020?",
   "answer": "No, this is a transitional arrangement. The new criteria remain in effect, but old registrations are temporarily accepted for classification to ease the shift.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12319&Mode=0"
  },
  {
   "question": "Does this affect the PSP role of PPI issuers?",
   "answer": "Yes, PPI issuers acting as PSPs cannot on-board customers of other banks or PPI issuers. They can only link their own full-KYC PPIs to their UPI handle.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12756&Mode=0"
  },
  {
   "question": "Does this affect trade with Myanmar?",
   "answer": "No, trade with Myanmar can still be settled in any freely convertible currency in addition to the ACU mechanism, as per the unchanged note.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-328/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8517&Mode=0"
  },
  {
   "question": "Does this amendment affect my bank's capital adequacy ratio (CAR)?",
   "answer": "The impact depends on the content of the deleted sub-paragraph, which is not specified in the source. Banks should review the original Directions to assess any effect on risk-weighted assets and CAR.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13457&Mode=0"
  },
  {
   "question": "Does this amendment apply to all ARCs immediately?",
   "answer": "Yes, the amendment came into force with immediate effect from the date of issuance, December 29, 2025, and applies to all ARCs covered under the ARC KYC Directions, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-158/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13234&Mode=0"
  },
  {
   "question": "Does this amendment apply to all banks or only payments banks?",
   "answer": "The amendment is specifically to the Payments Banks KYC Directions, 2025, so it directly applies to payments banks. However, the principle may influence broader KYC practices for other regulated entities.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-161/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13237&Mode=0"
  },
  {
   "question": "Does this amendment apply to all banks or only Small Finance Banks?",
   "answer": "The amendment specifically modifies the Reserve Bank of India (Small Finance Banks – Know Your Customer) Directions, 2025, so it applies only to Small Finance Banks.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-164/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13240&Mode=0"
  },
  {
   "question": "Does this amendment apply to all NBFCs or only those with digital lending?",
   "answer": "It applies to all NBFCs with DLG arrangements permitted under the Credit Facilities Directions and Transfer and Distribution of Credit Risk Directions, covering digital lending and co-lending.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-210/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13294&Mode=0"
  },
  {
   "question": "Does this amendment replace any earlier guidance?",
   "answer": "Yes, it supersedes the February 13, 2026 amendment to the Undertaking of Financial Services directions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-258/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13350&Mode=0"
  },
  {
   "question": "Does this amendment require any filing or approval from RBI?",
   "answer": "The notification states the amendment is effective immediately. NBFCs should update their internal records but no separate filing is mentioned in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13379&Mode=0"
  },
  {
   "question": "Does this apply only to personal loans or other floating rate loans too?",
   "answer": "The circular specifically covers EMI-based floating rate personal loans, but instructions apply mutatis mutandis to all equated instalment loans of different periodicities.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12529&Mode=0"
  },
  {
   "question": "Does this apply to accounts that already received relief measures before the effective date of the Amendment Directions (April 29, 2026)?",
   "answer": "No, existing accounts with prior relief measures continue under old guidelines. However, any fresh resolution in those accounts after the effective date must follow the new Chapter VI-A.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13437&Mode=0"
  },
  {
   "question": "Does this apply to all amounts, no matter how small?",
   "answer": "Yes, the circular states that the interest will be charged irrespective of the amount involved in such excess put-through or double claim.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12135&Mode=0"
  },
  {
   "question": "Does this apply to all ARCs?",
   "answer": "Yes, this circular applies to all Asset Reconstruction Companies preparing their financial statements as per Indian Accounting Standards (Ind AS).",
   "page": "https://bankpulse.ai/c/rbi-2022-23-182/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12458&Mode=0"
  },
  {
   "question": "Does this apply to all ATMs, including those in rural areas?",
   "answer": "Yes, the circular applies to all ATMs operated by banks and WLAOs across India, with no geographic exemptions mentioned.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12844&Mode=0"
  },
  {
   "question": "Does this apply to all banks or only certain types?",
   "answer": "It applies to both commercial and cooperative banks for financial statements from FY ending March 2024.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12552&Mode=0"
  },
  {
   "question": "Does this apply to all banks or only Small Finance Banks?",
   "answer": "This specific amendment applies only to Small Finance Banks, as it modifies the prudential norms for capital adequacy under the RBI's directions for SFBs.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-218/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13302&Mode=0"
  },
  {
   "question": "Does this apply to all banks or only those under the 11th Bipartite Settlement?",
   "answer": "It applies only to banks covered under the 11th Bipartite Settlement and Joint Note dated November 11, 2020, as specified in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12172&Mode=0"
  },
  {
   "question": "Does this apply to all banks?",
   "answer": "It applies to all scheduled commercial banks except Regional Rural Banks (RRBs).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-379/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8592&Mode=0"
  },
  {
   "question": "Does this apply to all claims from NCGTC or only specific guarantee schemes?",
   "answer": "The circular applies to all amounts received from NCGTC towards invoked guarantee claims, pending adjustment against the related advances, without specifying particular schemes.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12403&Mode=0"
  },
  {
   "question": "Does this apply to all commercial banks?",
   "answer": "The amendment specifically modifies the table under Paragraph 5(1) for nationalised banks and banks incorporated outside India. Other bank types may not be directly affected unless covered by the broader Directions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-167/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13243&Mode=0"
  },
  {
   "question": "Does this apply to all contracts or just loans?",
   "answer": "It covers both loans to related parties and other contracts/arrangements awarded to related parties, with separate disclosure for each category.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-184/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13260&Mode=0"
  },
  {
   "question": "Does this apply to all export credit or only rupee-denominated credit?",
   "answer": "This directive applies specifically to rupee export credit (pre- and post-shipment) for eligible sectors. Foreign currency export credit is not covered.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-200/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8341&Mode=0"
  },
  {
   "question": "Does this apply to all government undertakings or only central PSUs?",
   "answer": "The circular refers to 'Public Sector/Government Undertakings' broadly, covering both central and state-level entities. UCBs should apply the principle to all such undertakings.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-615/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8908&Mode=0"
  },
  {
   "question": "Does this apply to all loans or only foreign currency loans?",
   "answer": "The incremental capital and provisioning requirements apply to all exposures (both foreign currency and INR) to entities with unhedged foreign currency exposure.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-448/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8694&Mode=0"
  },
  {
   "question": "Does this apply to all NBFC exposures?",
   "answer": "No, it excludes loans to housing finance companies and NBFC loans classified as priority sector, which remain under existing instructions.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12787&Mode=0"
  },
  {
   "question": "Does this apply to all NBFC transactions?",
   "answer": "Yes, it applies to all transactions, including payment of interest on deposits and charging of interest on advances.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-609/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8902&Mode=0"
  },
  {
   "question": "Does this apply to all NBFCs?",
   "answer": "Yes, it applies to all deposit-taking NBFCs, including deposit-taking housing finance companies (HFCs).",
   "page": "https://bankpulse.ai/c/rbi-2022-23-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12304&Mode=0"
  },
  {
   "question": "Does this apply to all NRE deposits?",
   "answer": "No, it applies only to incremental NRE deposits with a maturity of 3 years and above, which are exempt from CRR/SLR requirements.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-395/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8614&Mode=0"
  },
  {
   "question": "Does this apply to all prepaid payment instruments?",
   "answer": "No, only open system prepaid payment instruments issued by banks are covered. Closed system or semi-closed PPIs are not included.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-231/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8382&Mode=0"
  },
  {
   "question": "Does this apply to all regulated entities or only certain types?",
   "answer": "It applies to all regulated entities of RBI that join the AA ecosystem as FI-U and hold specified financial information, as per the FIP definition in the Master Direction.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12558&Mode=0"
  },
  {
   "question": "Does this apply to all regulatory purposes or just capital adequacy?",
   "answer": "This circular specifically permits use for risk-weighting claims for capital adequacy. Other regulatory requirements remain subject to the earlier ban unless separately clarified.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12700&Mode=0"
  },
  {
   "question": "Does this apply to all related parties or only those defined in the Credit Risk Management Directions?",
   "answer": "The disclosure applies to related parties as defined in the Reserve Bank of India (Local Area Banks – Credit Risk Management) Directions, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-183/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13259&Mode=0"
  },
  {
   "question": "Does this apply to all SC/RCs regardless of size?",
   "answer": "No, only SC/RCs with acquired assets exceeding Rs 500 crore are eligible to float such a scheme.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-522/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8775&Mode=0"
  },
  {
   "question": "Does this apply to all SMS alerts or only card transactions?",
   "answer": "The circular specifically references alerts for card transactions at various channels, and advises RRBs to charge based on actual usage for such alerts.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-458/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8708&Mode=0"
  },
  {
   "question": "Does this apply to all types of accounts or only deposit accounts?",
   "answer": "It applies to deposit accounts, safe custody articles, and safety lockers for all existing and new customers.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12769&Mode=0"
  },
  {
   "question": "Does this apply to all types of term deposits?",
   "answer": "Yes, it applies to all domestic term deposits that mature and remain unpaid.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12125&Mode=0"
  },
  {
   "question": "Does this apply to all UCB restructurings?",
   "answer": "No, it specifically applies to resolution plans implemented under Chapter IV-A of the Reserve Bank of India (Urban Cooperative Banks – Resolution of Stressed Assets) Directions, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13418&Mode=0"
  },
  {
   "question": "Does this apply to all UCBs or only those involved in mergers?",
   "answer": "It applies to all UCBs that are transferee banks of credit institutions merged during the specified period (October 1991 to March 1997). Other UCBs not involved in such mergers are not directly affected.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-579/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8860&Mode=0"
  },
  {
   "question": "Does this apply to Basic Savings Bank Deposit Accounts (BSBDAs)?",
   "answer": "Yes, but BSBDAs were already protected from charges for non-operation/activation under a 2012 circular. This new rule extends similar protection to all inoperative accounts.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-580/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8867&Mode=0"
  },
  {
   "question": "Does this apply to Cash Credit accounts?",
   "answer": "No, Cash Credit accounts are not subject to the restrictions under this Chapter. They can be maintained as per customer needs without any limitation under this Chapter.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-147/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13221&Mode=0"
  },
  {
   "question": "Does this apply to Cash Recycler Machines?",
   "answer": "Yes, the instructions apply to Cash Recycler Machines for all transactions except cash deposits.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12111&Mode=0"
  },
  {
   "question": "Does this apply to completed houses?",
   "answer": "No, the restriction is only for incomplete, under-construction, or greenfield housing projects. Completed projects are not affected.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-247/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8402&Mode=0"
  },
  {
   "question": "Does this apply to completed housing projects?",
   "answer": "No, the restriction is specifically for incomplete, under-construction, or green field housing projects. Completed projects are not covered.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-268/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8429&Mode=0"
  },
  {
   "question": "Does this apply to contracts and arrangements with related parties as well?",
   "answer": "Yes, banks must also disclose the aggregate value of contracts and arrangements awarded to related parties during the year and outstanding as on March 31.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-181/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13257&Mode=0"
  },
  {
   "question": "Does this apply to digital remittances?",
   "answer": "Yes, Form A2 can be obtained in physical or digital form for all cross-border remittances, irrespective of value.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12696&Mode=0"
  },
  {
   "question": "Does this apply to entities whose licence was cancelled before this circular?",
   "answer": "Yes, the provisions apply retroactively to all entities whose licence or CoR was cancelled prior to the circular's issuance.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12739&Mode=0"
  },
  {
   "question": "Does this apply to existing FPI clients?",
   "answer": "Yes, the circular applies to both new and existing FPI clients, but only for accounts under the Portfolio Investment Scheme.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-552/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8824&Mode=0"
  },
  {
   "question": "Does this apply to existing loans or only new credit assessments?",
   "answer": "The amendment applies to all credit assessments carried out by the bank, which would include both new loan evaluations and periodic reviews of existing exposures, effective from July 1, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13438&Mode=0"
  },
  {
   "question": "Does this apply to existing SHGs already linked to credit?",
   "answer": "The amendment is effective immediately from April 1, 2021, but the source does not specify retroactive application. Banks should apply it to new credit linkages and may need to review existing ones for compliance.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12060&Mode=0"
  },
  {
   "question": "Does this apply to FCNR(B) deposits?",
   "answer": "No, the revised instructions do not apply to FCNR(B) deposits. Existing guidelines for those deposits remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-385/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8598&Mode=0"
  },
  {
   "question": "Does this apply to foreign bank branches in India?",
   "answer": "The 49% cap on foreign currency issuance does not apply to foreign banks' branches, as noted in the annex. However, other terms remain applicable.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12173&Mode=0"
  },
  {
   "question": "Does this apply to future additions to Schedule IV?",
   "answer": "Yes, the circular explicitly states that REs shall take note of any future amendments to Schedule IV for immediate necessary compliance.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-134/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12406&Mode=0"
  },
  {
   "question": "Does this apply to future UAPA amendments as well?",
   "answer": "Yes. The circular explicitly states that the UAPA Order applies to any future amendments to Schedule I and IV, so you must monitor and act on all such updates.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12591&Mode=0"
  },
  {
   "question": "Does this apply to investments made through intermediate jurisdictions?",
   "answer": "Yes, the circular covers investments from or through FATF non-compliant jurisdictions, meaning the source or any intermediate jurisdiction must be compliant.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12027&Mode=0"
  },
  {
   "question": "Does this apply to loans sanctioned before April 8, 2022?",
   "answer": "The extension covers new loans sanctioned from April 1, 2022 up to March 31, 2023. Loans sanctioned earlier under the previous circular continue to be governed by that circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12286&Mode=0"
  },
  {
   "question": "Does this apply to mortgages created before March 31, 2011?",
   "answer": "No, the circular only applies to equitable mortgages created on or after March 31, 2011. Mortgages before that date are not required to be filed.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-369/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8571&Mode=0"
  },
  {
   "question": "Does this apply to new PD applicants?",
   "answer": "Yes, new entities applying for PD authorization must also meet these enhanced turnover norms.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-630/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8925&Mode=0"
  },
  {
   "question": "Does this apply to non-bank payment providers?",
   "answer": "Yes, the circular applies to all payment system participants, including banks and authorised non-bank payment system providers.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12741&Mode=0"
  },
  {
   "question": "Does this apply to non-deposit-taking NBFCs?",
   "answer": "Yes, the 2014 directions apply to all NBFCs, whether accepting deposits or not, except Primary Dealers.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-606/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8899&Mode=0"
  },
  {
   "question": "Does this apply to Payment Banks?",
   "answer": "No, Payment Banks are explicitly excluded from this circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12539&Mode=0"
  },
  {
   "question": "Does this apply to previous financial years?",
   "answer": "The requirement is mandatory for financial statements covering the period from 1 April 2026 onward. Earlier years are not subject to this new disclosure.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-246/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13338&Mode=0"
  },
  {
   "question": "Does this apply to recap bonds received before FY2021-22?",
   "answer": "No, the clarification specifically applies to special securities received from FY2021-22 onwards. Earlier recap bonds continue to be governed by existing HTM rules (carried at acquisition cost with premium amortised).",
   "page": "https://bankpulse.ai/c/rbi-2021-22-191/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12264&Mode=0"
  },
  {
   "question": "Does this apply to Regional Rural Banks?",
   "answer": "No, Regional Rural Banks (RRBs) are explicitly excluded from the applicability of this direction.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12032&Mode=0"
  },
  {
   "question": "Does this apply to RRBs and Payments Banks?",
   "answer": "No, the circular explicitly excludes Regional Rural Banks and Payments Banks.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12082&Mode=0"
  },
  {
   "question": "Does this apply to the entire loan amount?",
   "answer": "No. Only the portion guaranteed by CRGFTLIH gets zero risk weight and no NPA provisioning. The excess amount follows standard risk weight and provisioning rules.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-370/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8572&Mode=0"
  },
  {
   "question": "Does this ban apply even if the donation is within the 1% profit ceiling?",
   "answer": "Yes, the circular explicitly states that donations to director-linked trusts are prohibited even within the permissible ceiling of 1% of published profits.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-205/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8351&Mode=0"
  },
  {
   "question": "Does this ban apply to all types of loans or only home loans?",
   "answer": "It applies to all floating rate term loans sanctioned to individual borrowers, not just home loans. The circular explicitly covers 'all floating rate term loans'.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-612/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8905&Mode=0"
  },
  {
   "question": "Does this ban apply to dividends from profits of later financial years?",
   "answer": "No, the circular specifically restricts dividends only from profits pertaining to the financial year ended March 31, 2020. Future dividends will be governed by subsequent RBI instructions.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12003&Mode=0"
  },
  {
   "question": "Does this ban apply to fixed rate loans as well?",
   "answer": "No, the circular specifically applies only to floating rate term loans sanctioned to individual borrowers. Fixed rate loans are not covered by this directive.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-603/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8896&Mode=0"
  },
  {
   "question": "Does this ban apply to fixed rate loans?",
   "answer": "No, the circular specifically applies only to floating rate term loans sanctioned to individual borrowers. Fixed rate loans are not covered.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-582/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8868&Mode=0"
  },
  {
   "question": "Does this Bank Rate cut affect my loan or deposit rates?",
   "answer": "No, the Bank Rate cut directly impacts only penal interest rates on reserve shortfalls. It does not automatically change lending or deposit rates, though it signals a broader easing bias.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12776&Mode=0"
  },
  {
   "question": "Does this Bank Rate cut impact other policy rates like the repo rate?",
   "answer": "No, this circular only adjusts the Bank Rate and the penal rates tied to it. Other policy rates remain unchanged as per this notification.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-282/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8446&Mode=0"
  },
  {
   "question": "Does this change affect all penal rates linked to Bank Rate?",
   "answer": "Yes, all penal interest rates on shortfalls in reserve requirements that are specifically linked to the Bank Rate stand revised as per the annex.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-315/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8498&Mode=0"
  },
  {
   "question": "Does this change affect all UCBs immediately?",
   "answer": "Yes, the circular is effective immediately for all Primary (Urban) Co-operative Banks. It is a one-time measure, so banks should act promptly to transfer DEF balances.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12714&Mode=0"
  },
  {
   "question": "Does this change affect any other rules for Payments Banks?",
   "answer": "No. All other terms and conditions of the 2014 Licensing Guidelines for Payments Banks remain unchanged. Only the end-of-day balance limit has been revised.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12074&Mode=0"
  },
  {
   "question": "Does this change affect any other rules in the offline payment framework?",
   "answer": "No. Only the per-transaction limit has been increased to ₹500. All other conditions from the January 2022 framework remain applicable.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12531&Mode=0"
  },
  {
   "question": "Does this change affect any other terms of the Term Repo scheme?",
   "answer": "No, all other terms and conditions of the current Term Repo scheme remain unchanged as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-550/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8821&Mode=0"
  },
  {
   "question": "Does this change affect domestic PEPs?",
   "answer": "No, the revised definition specifically applies to foreign PEPs. Domestic PEPs continue to be covered under existing KYC norms.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12593&Mode=0"
  },
  {
   "question": "Does this change affect existing Account Aggregator operations?",
   "answer": "Yes, the Master Direction on NBFC-Account Aggregator has been amended to include CCIL, so all regulated entities must update their systems and processes accordingly.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-125/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12611&Mode=0"
  },
  {
   "question": "Does this change affect existing AD Category-II operations?",
   "answer": "No, the other terms and conditions of the Licensing Guidelines remain unchanged. SFBs can continue AD Category-II operations while applying for Category-I.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12373&Mode=0"
  },
  {
   "question": "Does this change affect existing loans?",
   "answer": "No, the new sub-sectors apply with prospective effect from the circular date, so only new projects or expansions meeting the criteria after that date qualify.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-378/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8591&Mode=0"
  },
  {
   "question": "Does this change affect how other banks should treat Fino Payments Bank?",
   "answer": "Yes, other banks should now treat it as a scheduled commercial bank for regulatory purposes, including exposure limits and interbank transactions.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12034&Mode=0"
  },
  {
   "question": "Does this change affect how we compute capital market exposure limits?",
   "answer": "Yes. The note in the table states that the exposure reported must be computed in line with the Reserve Bank of India (Small Finance Banks - Concentration Risk Management) Directions, 2025 read with the Reserve Bank of India (Small Finance Banks – Credit Facilities) Directions, 2025. Ensure your calculations follow those guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-219/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13303&Mode=0"
  },
  {
   "question": "Does this change affect lead bank assignments for other districts in Arunachal Pradesh?",
   "answer": "No, there is no change in the lead bank of the erstwhile Lower Siang district or any other district in the state.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12501&Mode=0"
  },
  {
   "question": "Does this change affect lead bank responsibilities for Ballari district?",
   "answer": "No, the lead bank responsibilities for Ballari and other Karnataka districts remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12101&Mode=0"
  },
  {
   "question": "Does this change affect lead bank responsibilities for other districts in Meghalaya?",
   "answer": "No, the lead bank responsibilities for the erstwhile district (West Khasi Hills) and all other districts in the state remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-184/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12257&Mode=0"
  },
  {
   "question": "Does this change affect lead bank responsibilities for other districts in Nagaland?",
   "answer": "No, there is no change in lead bank responsibilities for the erstwhile Tuensang district or any other district in Nagaland.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-65/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11993&Mode=0"
  },
  {
   "question": "Does this change affect lead bank responsibilities for other districts?",
   "answer": "No, the lead bank responsibilities for the erstwhile Shajapur district and all other districts in Madhya Pradesh remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-360/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8554&Mode=0"
  },
  {
   "question": "Does this change affect lead bank responsibilities for Sangrur district?",
   "answer": "No. RBI has clarified that there is no change in lead bank responsibilities for the erstwhile Sangrur district or any other district in Punjab.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12150&Mode=0"
  },
  {
   "question": "Does this change affect lead banks for other districts in Assam?",
   "answer": "No, the RBI circular explicitly states there is no change in the Lead Banks of other districts in Assam.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12609&Mode=0"
  },
  {
   "question": "Does this change affect lead banks for other districts in Goa?",
   "answer": "No. RBI has explicitly stated there is no change in the lead banks of the other districts in the state of Goa.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-264/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13356&Mode=0"
  },
  {
   "question": "Does this change affect Lead Banks for other districts in Madhya Pradesh?",
   "answer": "No, the RBI circular explicitly states there is no change in Lead Banks for other districts in the state.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12602&Mode=0"
  },
  {
   "question": "Does this change affect lead banks for other districts in Nagaland?",
   "answer": "No, RBI has explicitly stated there is no change in the lead banks of other districts in Nagaland.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12762&Mode=0"
  },
  {
   "question": "Does this change affect lead banks for other Sikkim districts?",
   "answer": "No, lead banks for all other districts in Sikkim remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-177/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12453&Mode=0"
  },
  {
   "question": "Does this change affect lead banks of other districts in Arunachal Pradesh?",
   "answer": "No, the lead banks for the erstwhile districts (East Siang and West Siang) and all other districts remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-164/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12437&Mode=0"
  },
  {
   "question": "Does this change affect lead banks of other districts in Assam?",
   "answer": "No, there is no change in the lead banks of the erstwhile district or any other district in Assam.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-157/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12430&Mode=0"
  },
  {
   "question": "Does this change affect lead banks of other Sikkim districts?",
   "answer": "No, the RBI circular explicitly states there is no change in lead banks for the erstwhile East Sikkim district or any other district in Sikkim.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-165/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12438&Mode=0"
  },
  {
   "question": "Does this change affect NRO accounts?",
   "answer": "No. The existing ceiling on NRO deposit interest rates continues unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-197/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8338&Mode=0"
  },
  {
   "question": "Does this change affect OLTAS direct tax commission claims?",
   "answer": "No. OLTAS direct tax commission claims will continue to be settled at CAS Nagpur, RBI, as per existing instructions.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-136/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12408&Mode=0"
  },
  {
   "question": "Does this change affect only Primary Dealers?",
   "answer": "The notification specifically applies the revised rate to the Standing Liquidity Facility for Primary Dealers, but the repo rate cut impacts all LAF operations.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12775&Mode=0"
  },
  {
   "question": "Does this change affect other banks' operations?",
   "answer": "Yes, other scheduled commercial banks must now treat Paytm Payments Bank as a scheduled bank for regulatory reporting, interbank transactions, and risk management purposes.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12176&Mode=0"
  },
  {
   "question": "Does this change affect other banks' reporting requirements?",
   "answer": "Yes, other banks must now treat Airtel Payments Bank as a scheduled bank for purposes like CRR/SLR maintenance, interbank lending limits, and reporting to RBI.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-148/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12217&Mode=0"
  },
  {
   "question": "Does this change affect other RBI liquidity facilities?",
   "answer": "This notification specifically applies to the SLF for Primary Dealers. Other facilities may be adjusted separately as per RBI guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12332&Mode=0"
  },
  {
   "question": "Does this change affect other types of accounts?",
   "answer": "No, this exemption applies only to savings bank accounts specifically opened for credit of scholarship amounts or Direct Benefit Transfer under government schemes. Other accounts remain subject to existing inoperative account norms.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-300/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8473&Mode=0"
  },
  {
   "question": "Does this change affect our investment classification or valuation norms?",
   "answer": "No, this amendment only discontinues the IFR requirement. The classification, valuation, and operation of investment portfolio rules under the 2025 Directions remain unchanged except for the deletion of paragraphs 106-108.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13450&Mode=0"
  },
  {
   "question": "Does this change affect provisioning calculations permanently?",
   "answer": "No, it is a temporary accommodation for the quarter where data is unavailable. Once the entity's accounts are finalised, banks should revert to using the latest available quarter data.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12031&Mode=0"
  },
  {
   "question": "Does this change affect PSLCs other than PSLC-SF/MF?",
   "answer": "No, the circular only revises the counting for PSLC-SF/MF. Other PSLC types remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-131/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12798&Mode=0"
  },
  {
   "question": "Does this change affect Scheduled Commercial Banks or Small Finance Banks?",
   "answer": "No, the change applies only to Regional Rural Banks. For SCBs and SFBs, the bulk deposit threshold remains at ₹2 crore.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12556&Mode=0"
  },
  {
   "question": "Does this change affect SSI refinance?",
   "answer": "Yes, the interest rate on refinance for SSI under Section 17(2)(bb) of the RBI Act has also been revised to 9.0%.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-469/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8717&Mode=0"
  },
  {
   "question": "Does this change affect the 30-day reporting timeline?",
   "answer": "No, the existing 30-day timeline for reporting consideration receipt and share issuance remains unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-490/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8742&Mode=0"
  },
  {
   "question": "Does this change affect the AT1 trigger for loss absorption?",
   "answer": "Yes, the trigger remains at 5.5% of RWAs until April 1, 2021, after which it will increase to 6.125%.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11970&Mode=0"
  },
  {
   "question": "Does this change affect the bank's regulatory status?",
   "answer": "No, the bank remains a small finance bank under the Second Schedule of the RBI Act, 1934, only its name has been altered.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12850&Mode=0"
  },
  {
   "question": "Does this change affect the definition of bulk deposits for Regional Rural Banks?",
   "answer": "No, the threshold for RRBs remains unchanged at ₹1 crore. The revision applies only to Scheduled Commercial Banks (excluding RRBs), Small Finance Banks, and Local Area Banks.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12690&Mode=0"
  },
  {
   "question": "Does this change affect the eligibility of MSME borrowers?",
   "answer": "No, the circular specifically excludes borrowers classified as MSME as on March 31, 2021. MSMEs are covered under separate resolution frameworks.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12104&Mode=0"
  },
  {
   "question": "Does this change affect the existing recurring bill categories?",
   "answer": "No, the existing categories like DTH, electricity, gas, telecom, and water remain unchanged. This is an addition to the list.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12113&Mode=0"
  },
  {
   "question": "Does this change affect the LAF repo rate or other terms?",
   "answer": "No, only the quantum of overnight repo liquidity was reduced. The repo rate, reverse repo rate, and all other LAF terms remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-549/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8822&Mode=0"
  },
  {
   "question": "Does this change affect the LCR calculation for all banks?",
   "answer": "Yes, for all commercial banks covered by the circular. Local Area Banks, Regional Rural Banks, and Payments Banks are excluded from this instruction.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-141/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12413&Mode=0"
  },
  {
   "question": "Does this change affect the primary focus of SPDs?",
   "answer": "No, the RBI statement clarifies that government securities primary issuance and secondary market activities remain the major focus of SPDs.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-126/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12397&Mode=0"
  },
  {
   "question": "Does this change any other instructions?",
   "answer": "No, all other instructions from the earlier circulars on cassette swaps remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-190/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12263&Mode=0"
  },
  {
   "question": "Does this change any other MSME lending norms?",
   "answer": "No. Only the validity period of old registration documents is extended. All other provisions of the June 2021 circular on the new MSME definition remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-161/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12233&Mode=0"
  },
  {
   "question": "Does this change apply to all regulated entities immediately?",
   "answer": "Yes, the amendment is effective from November 23, 2022. Entities must update their AA systems to include GSTN as an FIP and comply with the amended Master Direction.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-140/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12412&Mode=0"
  },
  {
   "question": "Does this change apply to all types of payment commitments?",
   "answer": "No, it specifically applies to irrevocable payment commitments issued by banks to clearing corporations of stock exchanges on behalf of clients.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-213/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13295&Mode=0"
  },
  {
   "question": "Does this change apply to all urban co-operative banks?",
   "answer": "No. It applies only to Scheduled Primary UCBs categorised as Tier 3 and 4 under the revised regulatory framework. All other UCBs continue with the ₹15 lakh threshold.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12588&Mode=0"
  },
  {
   "question": "Does this change apply to all warehouse receipts or only NWRs/eNWRs?",
   "answer": "Only loans against Negotiable Warehouse Receipts (NWRs) and electronic NWRs (eNWRs) benefit from the increased limit of ₹75 lakh. Loans against other warehouse receipts remain capped at ₹50 lakh per borrower.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-14/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12068&Mode=0"
  },
  {
   "question": "Does this change apply to online card transactions?",
   "answer": "No, this relaxation is specifically for card transactions in contactless mode at physical Point of Sale (PoS) terminals only.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11999&Mode=0"
  },
  {
   "question": "Does this change apply to the first transaction of an e-mandate?",
   "answer": "No, the AFA requirement for the first transaction remains unchanged. The increased limit of ₹15,000 applies only to subsequent transactions in a recurring e-mandate series.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12341&Mode=0"
  },
  {
   "question": "Does this change impact SSI refinance rates?",
   "answer": "Yes, the interest rate on refinance for small-scale industries under Section 17(2)(bb) read with Section 17(4)(c) of the RBI Act is revised to 9.5%.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-283/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8448&Mode=0"
  },
  {
   "question": "Does this change reduce the overall CRR requirement?",
   "answer": "No, the overall CRR requirement remains the same. Only the daily minimum maintenance requirement is reduced from 99% to 95% of the prescribed CRR.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-288/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8452&Mode=0"
  },
  {
   "question": "Does this change the rules for convertible preference shares or debentures?",
   "answer": "No. Convertible preference shares and convertible debentures (except non-convertible/redeemable ones) continue to be governed by earlier FDI circulars.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-428/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8667&Mode=0"
  },
  {
   "question": "Does this change the valuation method for share-linked instruments?",
   "answer": "No, the valuation method remains the Black-Scholes model as per the original 2019 guidelines. Only the timing of expense recognition is clarified.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12157&Mode=0"
  },
  {
   "question": "Does this circular affect active savings accounts?",
   "answer": "No, the prohibition applies only to inoperative accounts. Banks may continue to levy penal charges for non-maintenance of minimum balance in active accounts, subject to existing disclosure norms.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-592/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8878&Mode=0"
  },
  {
   "question": "Does this circular affect all banks?",
   "answer": "Yes, it applies to all scheduled commercial banks and local area banks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-345/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8539&Mode=0"
  },
  {
   "question": "Does this circular affect all co-operative banks?",
   "answer": "Yes, it applies to all Primary (Urban) Co-operative Banks, State Co-operative Banks, and Central Co-operative Banks, effective immediately from August 2, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12716&Mode=0"
  },
  {
   "question": "Does this circular affect all forex transactions?",
   "answer": "No, it applies only to transactions under the Deferred Payment Protocols dated April 30, 1981 and December 23, 1985. Other forex transactions are not impacted.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-294/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8467&Mode=0"
  },
  {
   "question": "Does this circular affect all government tax collections?",
   "answer": "This circular specifically applies to GST, ICEGATE (customs and central excise duties), and TIN 2.0 (direct taxes) receipts. Other government business transactions may have different reporting requirements as per the Master Circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-136/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12624&Mode=0"
  },
  {
   "question": "Does this circular affect any other aspects of ECB policy?",
   "answer": "No, all other aspects of ECB policy remain unchanged. Only the specific provision allowing higher-cost refinancing/rescheduling has been withdrawn.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-304/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8482&Mode=0"
  },
  {
   "question": "Does this circular affect any other instructions in the Master Direction?",
   "answer": "No, all other instructions in the Master Direction remain unchanged. Only the two specific modifications mentioned are effective.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12720&Mode=0"
  },
  {
   "question": "Does this circular affect any other permissions under other laws?",
   "answer": "No, this circular is issued under FEMA sections 10(4) and 11(1) and does not affect permissions or approvals required under any other law.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-285/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8450&Mode=0"
  },
  {
   "question": "Does this circular affect banks' existing roles in payment systems?",
   "answer": "Banks remain key participants, but they may lose some fee income from providing settlement services to non-banks. However, systemic risk is reduced as non-banks no longer rely solely on banks for payment finality.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12133&Mode=0"
  },
  {
   "question": "Does this circular affect CRR or SLR calculations?",
   "answer": "The circular focuses on reporting classification in Form A, which is used for CRR/SLR compliance. Correct classification ensures accurate asset reporting, which indirectly impacts these calculations.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-68/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12548&Mode=0"
  },
  {
   "question": "Does this circular affect deposits already exempted before June 14, 2014?",
   "answer": "No. Incremental FCNR(B) and NRE deposits (3+ years maturity) outstanding as on June 13, 2014, continue to enjoy CRR/SLR exemption until their maturity or premature withdrawal.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-639/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8938&Mode=0"
  },
  {
   "question": "Does this circular affect existing ECB arrangements already in place?",
   "answer": "The circular does not explicitly address existing arrangements, but it states the change is effective immediately. Banks should review existing deals to ensure compliance and consult RBI if any grandfathering provisions apply.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-585/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8871&Mode=0"
  },
  {
   "question": "Does this circular affect existing forward contracts booked before January 13, 2014?",
   "answer": "The circular applies prospectively from its date. Existing contracts continue under the rules in place at the time of booking, but banks should advise clients on the new flexibility for new contracts.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-446/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8691&Mode=0"
  },
  {
   "question": "Does this circular affect existing incentives for RRBs and UCBs?",
   "answer": "No, the earlier scheme for RRBs and UCBs remains unchanged; this circular only extends the same benefits to co-operative banks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-450/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8696&Mode=0"
  },
  {
   "question": "Does this circular affect existing NDDC transactions by AD Cat-I banks?",
   "answer": "No, existing permissions for AD Cat-I banks operating IBUs remain unchanged. The circular only adds SPDs as eligible participants, expanding the market.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12897&Mode=0"
  },
  {
   "question": "Does this circular affect FCNR(B) deposits with maturity less than 3 years?",
   "answer": "No, the ceiling for 1 year to less than 3 years remains unchanged at LIBOR/Swap plus 200 basis points.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-194/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8327&Mode=0"
  },
  {
   "question": "Does this circular affect foreign lawyers providing legal advice remotely from outside India?",
   "answer": "No, the circular specifically addresses establishing a physical place of business in India. Remote advice from abroad is not covered under FEMA's office approval framework, but other laws may apply.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11997&Mode=0"
  },
  {
   "question": "Does this circular affect guarantees for first-level overseas subsidiaries?",
   "answer": "No, the amendment only applies to second generation or subsequent level step-down operating subsidiaries. First-level subsidiaries are not impacted.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-241/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8396&Mode=0"
  },
  {
   "question": "Does this circular affect INR-denominated ECBs or TCs?",
   "answer": "No, there is no change in the all-in-cost benchmark and ceiling for INR ECBs or TCs.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12204&Mode=0"
  },
  {
   "question": "Does this circular affect loans against bank's own term deposits?",
   "answer": "No, loans and advances granted against the security of the bank's own term deposits are excluded from credit exposure calculations.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12600&Mode=0"
  },
  {
   "question": "Does this circular affect NRO account interest rates?",
   "answer": "No, the existing ceiling on NRO account interest rates remains unchanged. Only NRE deposits of 3 years and above are freed from the ceiling.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-215/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8364&Mode=0"
  },
  {
   "question": "Does this circular affect only new accounts?",
   "answer": "No, it requires scanning both new accounts before opening and all existing accounts to ensure no account is linked to listed entities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-305/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8483&Mode=0"
  },
  {
   "question": "Does this circular affect other regulatory approvals needed for the share transfer?",
   "answer": "No, this waiver is only from the FEMA perspective. All other permissions or approvals required under any other law remain unchanged and must be obtained as before.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-366/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8561&Mode=0"
  },
  {
   "question": "Does this circular affect reverse repo with other banks?",
   "answer": "No, the circular specifically addresses reverse repo transactions with non-banks (other institutions). Inter-bank reverse repo reporting remains unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12574&Mode=0"
  },
  {
   "question": "Does this circular affect RRBs and LABs that use bilateral netting?",
   "answer": "Yes, if an RRB or LAB has adopted bilateral netting, the 14-day FX contract exemption is withdrawn for them as well. The exemption applies only to entities using the Original Exposure Method without netting.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12376&Mode=0"
  },
  {
   "question": "Does this circular affect SLBC responsibilities in other states?",
   "answer": "No, there is no change in SLBC responsibilities for any state other than Telangana and Andhra Pradesh.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-617/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8910&Mode=0"
  },
  {
   "question": "Does this circular affect small finance banks or payments banks?",
   "answer": "No, the circular explicitly excludes Small Finance Banks, Payments Banks, RRBs, and LABs from its scope.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12023&Mode=0"
  },
  {
   "question": "Does this circular affect SSI refinance rates?",
   "answer": "Yes, the interest rate on refinance for SSI under Section 17(2)(bb) read with Section 17(4)(c) of the RBI Act has been revised to 8.75% with effect from October 29, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-346/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8540&Mode=0"
  },
  {
   "question": "Does this circular affect the definition of 'owned and controlled by resident entity'?",
   "answer": "No. The circular only amends condition (d) in para 6(ii) of the Annex to the July 2013 circular. All other conditions, including ownership and control definitions, remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-251/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8408&Mode=0"
  },
  {
   "question": "Does this circular affect the existing Base Rate guidelines from 2010?",
   "answer": "No, all other instructions from the April 2010 circular remain unchanged. Only the flexibility for methodology revision is updated as per this circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-211/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8360&Mode=0"
  },
  {
   "question": "Does this circular affect the existing facilities for SMEs?",
   "answer": "No, the existing facilities for SMEs remain unchanged as per earlier circulars.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-557/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8829&Mode=0"
  },
  {
   "question": "Does this circular affect the overall USD 30 billion limit?",
   "answer": "The overall limit remains USD 30 billion, but it now applies only to dated securities with residual maturity of one year or more. The earlier sub-limits for T-bills and short-term securities are effectively removed.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-556/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8828&Mode=0"
  },
  {
   "question": "Does this circular affect the time limit for submitting post-award approval forms?",
   "answer": "No, the earlier time limit of 30 days for submitting DPX1, PEX-1, and TCS-1 (as per June 2013 circular) remains unchanged. Only the submission to RBI is dispensed with.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-286/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8449&Mode=0"
  },
  {
   "question": "Does this circular allow ECB for all rounds of PSU disinvestment?",
   "answer": "Yes, RBI clarifies that ECB is permitted for all subsequent stages of share acquisition under the government's PSU disinvestment programme, not just the first stage and mandatory second offer.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-302/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8475&Mode=0"
  },
  {
   "question": "Does this circular allow repatriation of sale proceeds from eligible foreign assets to India?",
   "answer": "Yes, the circular permits free utilization of sale proceeds of eligible assets, which includes repatriation to India, as long as the funds are from eligible assets and FEMA rules are followed.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-440/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8685&Mode=0"
  },
  {
   "question": "Does this circular allow WLAOs to source cash from any bank?",
   "answer": "No. The cash must still be sourced only from the sponsor bank. The relaxation only removes the restriction on WLAO access to cash at the ATM.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-372/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8574&Mode=0"
  },
  {
   "question": "Does this circular apply only to banks, or to all regulated entities?",
   "answer": "It applies to all regulated entities (REs) under RBI's supervision, including banks, NBFCs, payment system operators, and others. The circular is addressed to 'The Chairpersons/ CEOs of all the Regulated Entities'.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-183/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12459&Mode=0"
  },
  {
   "question": "Does this circular apply only to UNSC sanctions lists?",
   "answer": "No. RBI explicitly states that the UAPA Order in Annex II applies to all amendments to Schedule I and IV of UAPA, 1967, not just UNSC lists. This includes domestic designations like this one.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12621&Mode=0"
  },
  {
   "question": "Does this circular apply retrospectively?",
   "answer": "No, the inclusion of hotels and convention centres applies prospectively from the date of this circular (November 29, 2013) and is available for eligible projects for a period of three years.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-386/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8600&Mode=0"
  },
  {
   "question": "Does this circular apply to accounts where KYC was due before May 5, 2021?",
   "answer": "Yes, the relief covers all accounts where periodic KYC updation is due and pending as on the date of the circular (May 5, 2021). No restrictions can be imposed for this reason alone until December 31, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12083&Mode=0"
  },
  {
   "question": "Does this circular apply to AIFs set up in IFSCs within India?",
   "answer": "Yes, the circular explicitly includes AIFs set up in International Financial Services Centres (IFSCs) in India.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12092&Mode=0"
  },
  {
   "question": "Does this circular apply to all ACU member countries or only Sri Lanka?",
   "answer": "The circular specifically mentions Indo-Sri Lanka trade. It allows settlement of eligible current account transactions with Sri Lanka outside the ACU mechanism.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12357&Mode=0"
  },
  {
   "question": "Does this circular apply to all AIFs or only VCFs?",
   "answer": "It applies to any Alternative Investment Fund (AIF) as defined under SEBI AIF Regulations, 2012, including Venture Capital Funds (VCFs). The key trigger is the NBFC contributing 50% or more of the fund's capital.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-554/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8826&Mode=0"
  },
  {
   "question": "Does this circular apply to all ARCs?",
   "answer": "Yes, it applies to all registered Securitisation Companies and Reconstruction Companies in India.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-523/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8776&Mode=0"
  },
  {
   "question": "Does this circular apply to all authorised persons or only those in money changing?",
   "answer": "It specifically applies to authorised persons engaged in money changing activities, as referenced in the earlier circular of November 2009.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-642/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8941&Mode=0"
  },
  {
   "question": "Does this circular apply to all banks?",
   "answer": "Yes, it applies to all scheduled commercial banks including Regional Rural Banks, as advised by RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-520/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8772&Mode=0"
  },
  {
   "question": "Does this circular apply to all co-operative banks?",
   "answer": "It applies specifically to Primary (Urban) Co-operative Banks, as addressed in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-56/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12323&Mode=0"
  },
  {
   "question": "Does this circular apply to all cooperative banks?",
   "answer": "Yes, it applies to all State and Central Cooperative Banks (StCBs and CCBs) as directed by RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-313/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8491&Mode=0"
  },
  {
   "question": "Does this circular apply to all defaulted bonds?",
   "answer": "Yes, it applies to NCDs/bonds that are under default, either fully or partly, in repayment of principal on maturity or principal instalment in the case of amortising bonds.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12037&Mode=0"
  },
  {
   "question": "Does this circular apply to all foreign currency borrowings by AD-I banks?",
   "answer": "No, it only applies to borrowings that exceed 50% of the bank's unimpaired Tier I capital. Borrowings within that limit are not affected by this circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-293/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8466&Mode=0"
  },
  {
   "question": "Does this circular apply to all forward contracts involving rupees?",
   "answer": "Yes, the circular applies to forward contracts involving the rupee as one of the currencies, booked by residents to hedge current and capital account transactions, but only for contracted export or import exposures.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-227/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8376&Mode=0"
  },
  {
   "question": "Does this circular apply to all guarantee schemes under CGTMSE, CRGFTLIH, and NCGTC?",
   "answer": "Yes, zero percent risk weight applies to any existing or future scheme from these trust funds, provided the guarantees meet conditions like being direct, explicit, irrevocable, and unconditional, and settlement occurs within 30 days of lodgement.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12384&Mode=0"
  },
  {
   "question": "Does this circular apply to all Indian banks or only those with overseas offices?",
   "answer": "It applies specifically to all scheduled commercial Indian banks that have offices abroad, as stated in the circular's address.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-559/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8831&Mode=0"
  },
  {
   "question": "Does this circular apply to all investment vehicles or only AIFs?",
   "answer": "The circular specifically mentions Alternative Investment Funds (AIFs) in the context of regularising past issuances. The enabling amendment covers investment vehicles generally, but the compounding route is explicitly for AIFs.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12686&Mode=0"
  },
  {
   "question": "Does this circular apply to all KYC records or only those related to money changing?",
   "answer": "This circular specifically addresses records related to money changing activities under PMLA. Other KYC/AML records may still be subject to different retention periods as per other regulations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-657/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8959&Mode=0"
  },
  {
   "question": "Does this circular apply to all LRS remittances or only those to IFSCs?",
   "answer": "This circular specifically addresses remittances to International Financial Services Centres (IFSCs) under LRS. The 15-day repatriation condition has been withdrawn only for Foreign Currency Accounts opened in IFSCs.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-21/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12494&Mode=0"
  },
  {
   "question": "Does this circular apply to all missing persons cases?",
   "answer": "No, it applies only to missing persons covered by the MHA circular related to the Uttarakhand disaster in June 2013. Other cases follow the 2008 circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-350/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8544&Mode=0"
  },
  {
   "question": "Does this circular apply to all NBFCs or only NBFC-MFIs?",
   "answer": "It applies specifically to NBFC-MFIs (Non-Banking Financial Company-Micro Finance Institutions) as per the notification. Other NBFCs are not covered.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-425/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8663&Mode=0"
  },
  {
   "question": "Does this circular apply to all NBFCs or only those using Ind AS?",
   "answer": "It applies to all NBFCs (including HFCs) and ARCs that implement the Companies (Indian Accounting Standards) Rules, 2015.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-128/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12795&Mode=0"
  },
  {
   "question": "Does this circular apply to all NBFCs?",
   "answer": "No, it applies only to NBFCs in the Upper Layer (UL) and Middle Layer (ML). Base Layer NBFCs continue under existing guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-24/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12290&Mode=0"
  },
  {
   "question": "Does this circular apply to all records or only specific ones?",
   "answer": "It applies to the records mentioned in clause (a) of para 3.2 and clause (iii) of para 5.12 of the earlier circular (A.P. DIR Series No.18 dated Nov 27, 2009), which cover KYC, AML, and CFT-related documents under MTSS.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-658/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8960&Mode=0"
  },
  {
   "question": "Does this circular apply to all savings accounts or only those opened for government schemes?",
   "answer": "It applies only to savings accounts specifically opened for crediting scholarships, DBT, EBT, or other central/state government scheme benefits, including zero-balance accounts.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-262/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8425&Mode=0"
  },
  {
   "question": "Does this circular apply to all SMS alerts or only card transactions?",
   "answer": "The circular advises actual-usage charging for SMS alerts generally, referencing earlier mandates for online alerts on card transactions. The scope is SMS alerts sent by banks, but the primary context is card-related transactions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-403/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8622&Mode=0"
  },
  {
   "question": "Does this circular apply to all types of accounts or only savings accounts?",
   "answer": "The circular refers to 'inoperative accounts' in the context of savings bank accounts, as it references earlier guidelines on minimum balance in savings accounts. It does not explicitly cover current or term deposit accounts.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-611/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8903&Mode=0"
  },
  {
   "question": "Does this circular apply to all types of accounts?",
   "answer": "Yes, it applies to all regulated entities and their customers, as per the earlier circular dated May 5, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-144/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12213&Mode=0"
  },
  {
   "question": "Does this circular apply to all types of banks?",
   "answer": "Yes, it applies to all banks including commercial banks, co-operative banks, and Regional Rural Banks (RRBs).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-183/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8308&Mode=0"
  },
  {
   "question": "Does this circular apply to all types of cooperative banks?",
   "answer": "No, it specifically applies to Primary (Urban) Co-operative Banks (UCBs) as addressed in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-655/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8957&Mode=0"
  },
  {
   "question": "Does this circular apply to all types of disabilities?",
   "answer": "It specifically covers persons with mental illness (excluding mental retardation) under the Mental Health Act, and persons with autism, cerebral palsy, mental retardation, or multiple disabilities under the National Trust Act.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-444/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8689&Mode=0"
  },
  {
   "question": "Does this circular apply to all types of FDI transactions?",
   "answer": "No, it specifically applies to acquisitions through open offers, delisting, or exit offers under SEBI (SAST) Regulations, not all FDI transactions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-230/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8381&Mode=0"
  },
  {
   "question": "Does this circular apply to all types of guarantees?",
   "answer": "It applies to renewal or rollover of existing guarantees that are part of the total financial commitment under Regulation 6 of FEMA Notification No. FEMA.120/RB-2004, provided the original guarantee was FEMA-compliant and terms remain unchanged except validity.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-427/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8665&Mode=0"
  },
  {
   "question": "Does this circular apply to all types of offices from Hong Kong and Macau?",
   "answer": "Yes, it covers liaison offices, branch offices, project offices, and any other place of business by whatever name called.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-447/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8693&Mode=0"
  },
  {
   "question": "Does this circular apply to all UCBs or only certain types?",
   "answer": "It applies to all Primary (Urban) Co-operative Banks other than Salary Earners’ Banks, as specified in the title.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12862&Mode=0"
  },
  {
   "question": "Does this circular apply to all UCBs?",
   "answer": "Yes, it applies to all Primary (Urban) Cooperative Banks as specified in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-497/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8749&Mode=0"
  },
  {
   "question": "Does this circular apply to all urban co-operative banks?",
   "answer": "Yes, it applies to all Scheduled Primary (Urban) Co-operative Banks covered under Section 42(1) of the RBI Act, 1934.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-284/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8447&Mode=0"
  },
  {
   "question": "Does this circular apply to all urban cooperative banks?",
   "answer": "Yes, it applies to all Primary (Urban) Co-operative Banks as addressed by RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-316/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8499&Mode=0"
  },
  {
   "question": "Does this circular apply to ARCs that have not yet started operations?",
   "answer": "Yes, the guidelines apply to all ARCs, and they must have systems in place by January 1, 2025, regardless of operational status.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12740&Mode=0"
  },
  {
   "question": "Does this circular apply to bank BBPOUs as well?",
   "answer": "No, the reduction in net-worth requirement specifically applies to non-bank Bharat Bill Payment Operating Units.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12325&Mode=0"
  },
  {
   "question": "Does this circular apply to both physical and online Form A2 submissions?",
   "answer": "Yes, the circular permits remittances based on either online or physical submission of Form A2, with no limit on the amount for online submissions.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12697&Mode=0"
  },
  {
   "question": "Does this circular apply to card issuers and card networks?",
   "answer": "No, the restriction on storing CoF data applies to entities other than card issuers and card networks. Issuers and networks are exempt from this purging requirement.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-142/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12211&Mode=0"
  },
  {
   "question": "Does this circular apply to conversions of lump-sum fees or royalties?",
   "answer": "Yes, the same principle applies to all permitted conversions of foreign-currency payables or liabilities into equity or other securities.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-449/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8695&Mode=0"
  },
  {
   "question": "Does this circular apply to debit cards or only credit cards?",
   "answer": "The circular specifically addresses credit cards. It does not mention debit or prepaid cards, so the requirements apply only to credit card issuance.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-131/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12619&Mode=0"
  },
  {
   "question": "Does this circular apply to entities that have applied for PSO authorisation?",
   "answer": "Yes, the instructions apply to any entity that has applied for or intends to apply for authorisation as a PSO under the Payment and Settlement Systems Act, 2007.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12114&Mode=0"
  },
  {
   "question": "Does this circular apply to existing FPI accounts?",
   "answer": "Yes, the provisions apply to both new and existing FPI clients under the Portfolio Investment Scheme.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-644/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8943&Mode=0"
  },
  {
   "question": "Does this circular apply to existing FPI clients?",
   "answer": "Yes, the provisions apply to both new and existing FPI clients, but only for accounts under the Portfolio Investment Scheme.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-604/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8897&Mode=0"
  },
  {
   "question": "Does this circular apply to existing NCDs issued before January 29, 2025?",
   "answer": "No, the revised guidelines apply only to all fresh private placements of NCDs (with maturity more than one year) by HFCs from the date of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12772&Mode=0"
  },
  {
   "question": "Does this circular apply to existing NSMs already in use?",
   "answer": "The circular does not address existing machines; it only states that from May 1, 2025, banks should deploy only compliant models. Banks should assess their current inventory for compliance.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12745&Mode=0"
  },
  {
   "question": "Does this circular apply to FCCBs?",
   "answer": "No. The provisions of this circular explicitly do not apply to Foreign Currency Convertible Bonds (FCCBs).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-584/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8870&Mode=0"
  },
  {
   "question": "Does this circular apply to FCNR(B) deposits?",
   "answer": "No, the existing guidelines for FCNR(B) deposits remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-393/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8612&Mode=0"
  },
  {
   "question": "Does this circular apply to fees charged abroad on these cards?",
   "answer": "No, the circular only applies to fees/charges payable in India. Charges incurred outside India are not covered by this instruction.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12502&Mode=0"
  },
  {
   "question": "Does this circular apply to foreign banks operating as branches in India?",
   "answer": "No, the circular explicitly states it is not applicable to foreign banks operating as branches in India.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-24/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12078&Mode=0"
  },
  {
   "question": "Does this circular apply to guarantees already in place?",
   "answer": "Yes, banks must ensure that all existing guarantee contracts advised by them are in accordance with FEMA regulations, implying a review of past transactions as well.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12737&Mode=0"
  },
  {
   "question": "Does this circular apply to investments in subordinated units of AIFs?",
   "answer": "Yes, investments in subordinated units of any AIF scheme with a 'priority distribution model' must be fully deducted from the regulated entity's capital funds, as defined in SEBI circular SEBI/HO/AFD-1/PoD/P/CIR/2022/157 dated November 23, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12572&Mode=0"
  },
  {
   "question": "Does this circular apply to loans disbursed before April 29, 2024?",
   "answer": "The circular takes immediate effect from April 29, 2024. For existing loans, REs must review and correct any ongoing unfair practices, such as charging interest from sanction date, and refund excess interest collected.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12678&Mode=0"
  },
  {
   "question": "Does this circular apply to loans sanctioned before October 16, 2020?",
   "answer": "No. Loans sanctioned before this date continue to follow the earlier risk-weight rules based on both loan amount and LTV as per the June 7, 2017 circular.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-56/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11984&Mode=0"
  },
  {
   "question": "Does this circular apply to marine fisheries as well?",
   "answer": "No, the modification specifically addresses inland fisheries and aquaculture. Marine fisheries remain under the earlier KCC guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-51/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12318&Mode=0"
  },
  {
   "question": "Does this circular apply to microfinance loans?",
   "answer": "No, microfinance loans covered under the Master Direction on Microfinance Loans (March 14, 2022) are excluded from this circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12378&Mode=0"
  },
  {
   "question": "Does this circular apply to missing persons from other disasters?",
   "answer": "No, it applies only to persons missing due to the June 2013 Uttarakhand disaster. For other cases, banks must follow the 2008 circular on missing persons.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-331/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8519&Mode=0"
  },
  {
   "question": "Does this circular apply to new PSO applicants as well?",
   "answer": "Yes. Both new and existing PSOs will now be granted authorisation on a perpetual basis, subject to usual conditions.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12000&Mode=0"
  },
  {
   "question": "Does this circular apply to Non-Civil Ministries?",
   "answer": "Yes, the same special arrangements and reporting procedures apply to branches handling transactions for Defence, Posts, Railways, and Telecommunications.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-539/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8805&Mode=0"
  },
  {
   "question": "Does this circular apply to NRE and NRO deposits?",
   "answer": "Yes, the instructions are now applicable to Non-Resident (External) Rupee (NRE) and Ordinary Non-Resident (NRO) deposits as well.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12555&Mode=0"
  },
  {
   "question": "Does this circular apply to NRO accounts as well?",
   "answer": "No. The ceiling on NRO account interest rates continues as before. Only NRE deposits with maturity of 3 years and above are freed from the rate ceiling.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-186/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8311&Mode=0"
  },
  {
   "question": "Does this circular apply to payments banks?",
   "answer": "No, payments banks are explicitly excluded from the scope of this circular.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12786&Mode=0"
  },
  {
   "question": "Does this circular apply to public sector banks?",
   "answer": "No, this circular is specifically addressed to all private sector banks. Public sector banks are governed by separate regulations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-334/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8523&Mode=0"
  },
  {
   "question": "Does this circular apply to Regional Rural Banks and Payments Banks?",
   "answer": "No, the circular explicitly excludes Regional Rural Banks and Payments Banks from its scope.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12735&Mode=0"
  },
  {
   "question": "Does this circular apply to Regional Rural Banks?",
   "answer": "No, the circular explicitly excludes Regional Rural Banks from its scope.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-281/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8444&Mode=0"
  },
  {
   "question": "Does this circular ban all loans to PSUs by UCBs?",
   "answer": "No, it advises UCBs to generally not grant large-value loans to PSUs. Small-value loans may still be permissible, but the principle is to avoid large exposures that dilute the cooperative character.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-615/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8908&Mode=0"
  },
  {
   "question": "Does this circular ban business with the listed jurisdictions?",
   "answer": "No. The circular explicitly states that it does not preclude NBFCs from legitimate trade and business transactions with these countries and jurisdictions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-524/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8777&Mode=0"
  },
  {
   "question": "Does this circular ban transactions with certain countries?",
   "answer": "No, it explicitly states that legitimate trade and business transactions with these jurisdictions are not precluded.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-257/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8414&Mode=0"
  },
  {
   "question": "Does this circular ban transactions with FATF-flagged jurisdictions?",
   "answer": "No, the circular explicitly states it does not preclude legitimate trade and business transactions with those countries. However, NBFCs must consider the risks outlined in the FATF statement.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-426/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8664&Mode=0"
  },
  {
   "question": "Does this circular ban transactions with listed jurisdictions?",
   "answer": "No, it explicitly states that legitimate transactions with these countries and jurisdictions are not precluded.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-225/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8373&Mode=0"
  },
  {
   "question": "Does this circular ban transactions with the flagged jurisdictions?",
   "answer": "No. The circular explicitly states it does not preclude legitimate trade and business transactions with those countries and jurisdictions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-512/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8764&Mode=0"
  },
  {
   "question": "Does this circular ban transactions with the listed jurisdictions?",
   "answer": "No, it explicitly states that Indian banks are not precluded from legitimate trade and business transactions with those countries.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-407/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8627&Mode=0"
  },
  {
   "question": "Does this circular change any existing investment limits?",
   "answer": "No, it consolidates existing instructions without introducing new limits. Banks should refer to this master circular as the single source for all investment guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-05/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12271&Mode=0"
  },
  {
   "question": "Does this circular change any existing lending norms?",
   "answer": "No, it consolidates all previous guidelines up to March 31, 2022, without introducing new requirements. Banks must continue to meet the entire credit needs of SHG members as per the 2008-09 Budget announcement.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-02/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12266&Mode=0"
  },
  {
   "question": "Does this circular change any existing rules?",
   "answer": "This master circular consolidates all previous guidelines up to March 31, 2023, into one document. It does not introduce new rules but ensures all existing instructions are compiled in one place.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-03/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12470&Mode=0"
  },
  {
   "question": "Does this circular change any existing swap window terms?",
   "answer": "No, it only provides clarifications on operational queries raised by banks. The original terms from the September 6, 2013 circular remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-273/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8437&Mode=0"
  },
  {
   "question": "Does this circular change any other aspects of the DEA Fund scheme?",
   "answer": "No, only the interest rate has been revised. All other provisions of the June 26, 2014 circular remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12091&Mode=0"
  },
  {
   "question": "Does this circular change any other conditions for advance remittance for rough diamond imports?",
   "answer": "No, all other conditions from earlier circulars (A.P. DIR Series Circular No.21 dated Dec 29, 2009 and Circular No.59 dated May 6, 2011) remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-365/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8560&Mode=0"
  },
  {
   "question": "Does this circular change any other conditions for FII hedging?",
   "answer": "No, all other conditions from the earlier A.P. (DIR Series) Circular No.45 dated October 22, 2012, regarding FII hedging of currency risk, continue to apply unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-454/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8699&Mode=0"
  },
  {
   "question": "Does this circular change any other conditions for gold loans?",
   "answer": "No. All other provisions from the earlier circulars (dated October 30, 2014, and June 8, 2023) remain unchanged. Only the monetary ceiling for bullet repayment has been revised.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12542&Mode=0"
  },
  {
   "question": "Does this circular change any other conditions from the earlier November 2013 circular?",
   "answer": "No, all other terms and conditions from the November 14, 2013 circular remain the same. Only the list of permissible tie-up agencies has been expanded.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-593/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8879&Mode=0"
  },
  {
   "question": "Does this circular change any other ECB policy aspects?",
   "answer": "No, all other aspects of ECB policy remain unchanged as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-429/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8668&Mode=0"
  },
  {
   "question": "Does this circular change any other ECB rules?",
   "answer": "No. All other aspects of ECB policy remain unchanged as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-303/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8481&Mode=0"
  },
  {
   "question": "Does this circular change any other existing norms?",
   "answer": "No, the other contents of the earlier circular dated December 28, 2007 remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-382/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8595&Mode=0"
  },
  {
   "question": "Does this circular change any other export/import regulations?",
   "answer": "No. All other instructions regarding export/import transactions remain unchanged. Only the benchmark rate flexibility is introduced.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12168&Mode=0"
  },
  {
   "question": "Does this circular change any other instructions from the December 1, 2022 circular?",
   "answer": "No, all other instructions from the December 1, 2022 circular remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-189/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12465&Mode=0"
  },
  {
   "question": "Does this circular change any other instructions related to RDAs?",
   "answer": "No, all other instructions from the earlier circular dated February 6, 2008 remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-516/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8768&Mode=0"
  },
  {
   "question": "Does this circular change any other KYC/AML requirements?",
   "answer": "No. All other instructions from the earlier circular (A.P. DIR Series Circular No. 17 dated November 27, 2009) remain unchanged. Only the documentation for corporate authorization with AMCs has been simplified.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-455/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8700&Mode=0"
  },
  {
   "question": "Does this circular change any other operational guidelines?",
   "answer": "No, all other operational guidelines, terms, and conditions remain unchanged and apply mutatis mutandis.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-613/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8906&Mode=0"
  },
  {
   "question": "Does this circular change any other provisions related to loans against shares and debentures?",
   "answer": "No, only the basis for the 20% ceiling has changed; all other related provisions remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12708&Mode=0"
  },
  {
   "question": "Does this circular change any other PSL sub-targets or provisions?",
   "answer": "No, only the overall PSL target has been revised. All other provisions from the June 8, 2023 circular, including sub-targets for specific categories, remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-130/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12797&Mode=0"
  },
  {
   "question": "Does this circular change any other terms from the February 2021 circular?",
   "answer": "No, only the validity period is extended; all other instructions remain the same.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12084&Mode=0"
  },
  {
   "question": "Does this circular change any other terms of the export credit scheme?",
   "answer": "No, all other terms and conditions from earlier circulars (dated January 22, 2013 and June 4, 2013) remain unchanged. Only the subvention rate has been increased from 2% to 3%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-207/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8353&Mode=0"
  },
  {
   "question": "Does this circular change any other terms of the Interest Equalisation Scheme?",
   "answer": "No, all other terms and conditions from the extant instructions remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12738&Mode=0"
  },
  {
   "question": "Does this circular change any other tokenisation rules?",
   "answer": "No, only the scope of permitted devices has been expanded. All other provisions from the January 2019 circular on tokenisation remain applicable.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12152&Mode=0"
  },
  {
   "question": "Does this circular change any other trade credit rules?",
   "answer": "No, all other aspects of trade credit policy remain unchanged as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-301/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8474&Mode=0"
  },
  {
   "question": "Does this circular change any prudential norms on restructuring?",
   "answer": "The circular consolidates existing prudential guidelines on restructuring of advances as listed in the appendix, but does not introduce new restructuring rules. Banks must follow the instructions as updated up to April 7, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12288&Mode=0"
  },
  {
   "question": "Does this circular change any SGB eligibility or terms?",
   "answer": "No, the terms and conditions remain as specified by Government of India notifications. This circular only consolidates procedural guidelines for Receiving Offices.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12181&Mode=0"
  },
  {
   "question": "Does this circular change CRILC reporting requirements?",
   "answer": "No, the circular explicitly states that CRILC reporting continues to be governed by existing instructions for respective entities.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-158/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12230&Mode=0"
  },
  {
   "question": "Does this circular change how late payment charges are levied?",
   "answer": "Yes, banks must use this uniform method (90 days from next statement date) for determining overdue status when levying late payment charges and reporting to credit bureaus.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-414/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8640&Mode=0"
  },
  {
   "question": "Does this circular change sectoral caps or entry route requirements?",
   "answer": "No. The circular explicitly states that original and resultant investments must comply with existing FDI policy and FEMA regulations regarding sectoral cap, entry route, reporting, and documentation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-232/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8386&Mode=0"
  },
  {
   "question": "Does this circular change the 11-day advance payment period?",
   "answer": "No, the 11-day advance payment period remains the same as specified in the earlier A.P. (DIR Series) Circular No.04 dated May 25, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12604&Mode=0"
  },
  {
   "question": "Does this circular change the actual interest rate ceiling on FCNR(B) deposits?",
   "answer": "No, the ceiling remains exactly as prescribed in the August 21, 2013 circular. Only the validity period is extended to January 31, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-396/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8615&Mode=0"
  },
  {
   "question": "Does this circular change the base service charge amounts?",
   "answer": "No, it only clarifies that these amounts are exclusive of GST, so applicable taxes must be added.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12383&Mode=0"
  },
  {
   "question": "Does this circular change the data ingestion timeline for CICs?",
   "answer": "Yes. Earlier, CICs had to ingest data within 7 calendar days of receipt from credit institutions. This has now been reduced to 5 calendar days of receipt, ensuring faster availability of updated credit information reports.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12718&Mode=0"
  },
  {
   "question": "Does this circular change the definition of Tier I capital?",
   "answer": "No, it consolidates existing definitions. Tier I capital includes paid-up share capital from voting members, contributions from associate/nominal members with withdrawal restrictions, and non-refundable admission fees held as reserves.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12490&Mode=0"
  },
  {
   "question": "Does this circular change the interest rate ceiling on NRE deposits?",
   "answer": "No. It only extends the existing deregulation—banks still have freedom to set rates without ceiling on incremental NRE deposits of 3 years and above, unchanged from the August 14, 2013 circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-387/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8601&Mode=0"
  },
  {
   "question": "Does this circular change the limits or approval requirements for OPI?",
   "answer": "No, the circular does not alter existing limits or approval requirements. It only clarifies and expands the scope of permissible instruments and eligible entities for OPI.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12691&Mode=0"
  },
  {
   "question": "Does this circular change the MSME definition itself?",
   "answer": "No. Only the validity period of old registrations (EM Part II and UAMs) is extended to December 31, 2021. All other provisions of the August 21, 2020 circular remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12122&Mode=0"
  },
  {
   "question": "Does this circular change the overall FDI limits for pharma?",
   "answer": "No. The 100% automatic route for greenfield and 100% government approval route for brownfield investments remain unchanged. Only the non-compete clause condition is new.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-567/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8845&Mode=0"
  },
  {
   "question": "Does this circular change the reporting format?",
   "answer": "The circular mentions an enclosed format for the report, but the format itself is not detailed in the source text. Banks should use the format provided with the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-279/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8443&Mode=0"
  },
  {
   "question": "Does this circular change the reporting timeline for new partly paid unit issuances?",
   "answer": "No. Issuances on or after May 23, 2025, must still be reported within 30 days as per the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12852&Mode=0"
  },
  {
   "question": "Does this circular change the requirement for prior RBI approval?",
   "answer": "No, the requirement for prior approval remains unchanged. This circular only standardizes the application format and document checklist.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-127/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12614&Mode=0"
  },
  {
   "question": "Does this circular change the rules for guarantees on behalf of directors?",
   "answer": "No, the existing guidelines on guarantees for bank directors remain unchanged. The circular consolidates previous instructions without altering them.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12471&Mode=0"
  },
  {
   "question": "Does this circular change the USD 1 million per financial year limit for NRO remittances?",
   "answer": "No, the limit remains unchanged at USD one million per financial year (April-March) for remittances out of NRO balances, including sale proceeds of immovable property.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-496/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8748&Mode=0"
  },
  {
   "question": "Does this circular change the working capital assessment method for UCBs?",
   "answer": "No, the turnover-based method remains the same: for borrowers other than micro/small enterprises, limits up to ₹1 crore can use projected turnover; for micro/small enterprises, up to ₹5 crore. Working capital requirement is assessed at 25% of projected turnover, with borrower contributing 5% as Net Working Capital and bank providing minimum 20% finance.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-51/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12525&Mode=0"
  },
  {
   "question": "Does this circular introduce any new housing finance rules for UCBs?",
   "answer": "No, this Master Circular only consolidates all existing instructions issued up to March 31, 2024. It does not contain any new guidelines or changes to existing rules.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12655&Mode=0"
  },
  {
   "question": "Does this circular introduce any new IRAC norms for UCBs?",
   "answer": "No, this is a consolidation of existing instructions issued up to March 31, 2024. No new guidelines are added.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12658&Mode=0"
  },
  {
   "question": "Does this circular introduce any new lending targets for SC/ST borrowers?",
   "answer": "No, the circular is a consolidation of existing instructions up to March 31, 2021. It does not set new targets but reiterates the need for weighted credit planning and special bankable schemes for SC/ST communities.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-11/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12065&Mode=0"
  },
  {
   "question": "Does this circular introduce any new prudential norms for UCBs?",
   "answer": "No, this Master Circular only consolidates all existing instructions on income recognition, asset classification, and provisioning issued up to March 31, 2025. It does not contain any new guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-14/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12821&Mode=0"
  },
  {
   "question": "Does this circular introduce any new requirements for issuing guarantees?",
   "answer": "No, this is a consolidation of all existing instructions up to March 31, 2024, with no new guidelines added.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-03/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12644&Mode=0"
  },
  {
   "question": "Does this circular introduce any new requirements for UCBs?",
   "answer": "No, it consolidates all existing instructions up to March 31, 2022, without introducing new substantive changes. It replaces the previous master circular of November 1, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12283&Mode=0"
  },
  {
   "question": "Does this circular introduce any new requirements?",
   "answer": "No, it consolidates existing guidelines up to March 31, 2024. Banks should continue following previous instructions on SHG financing.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-05/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12649&Mode=0"
  },
  {
   "question": "Does this circular introduce any new restrictions on bank finance to NBFCs?",
   "answer": "No, it only consolidates existing instructions issued up to April 23, 2024, without adding new guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-24/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12670&Mode=0"
  },
  {
   "question": "Does this circular introduce any new restrictions on guarantee maturity?",
   "answer": "No, it retains the existing rule that guarantees should normally not exceed 10 years, except for project loans beyond 10 years, where banks must evaluate ALM implications.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12276&Mode=0"
  },
  {
   "question": "Does this circular introduce any new rules for co-acceptance of bills?",
   "answer": "No, it consolidates existing guidelines. Banks must continue to follow the safeguards mentioned in para 2.6, including proper evaluation of bills and adherence to prudential norms.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-121/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12189&Mode=0"
  },
  {
   "question": "Does this circular introduce any new rules for NRI debt investments?",
   "answer": "No, this circular merely consolidates existing instructions into one updated Master Direction. No new policy changes have been introduced.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13369&Mode=0"
  },
  {
   "question": "Does this circular introduce any new rules?",
   "answer": "No, it consolidates all previous instructions on the withdrawal of ₹2000 notes. No new policy changes are introduced.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13476&Mode=0"
  },
  {
   "question": "Does this circular introduce new capital adequacy requirements?",
   "answer": "No, this is a consolidation of existing instructions up to March 31, 2025. The net worth and CRAR requirements remain unchanged from previous circulars.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12816&Mode=0"
  },
  {
   "question": "Does this circular introduce new lending norms?",
   "answer": "No, it consolidates existing guidelines up to March 31, 2021, into a single master circular for easier reference and compliance.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12063&Mode=0"
  },
  {
   "question": "Does this circular introduce new lending requirements?",
   "answer": "No, it consolidates existing guidelines. Banks must still meet the entire credit needs of SHG members for income generation, social needs, and debt swapping as per the 2008-09 Budget announcement.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12805&Mode=0"
  },
  {
   "question": "Does this circular override any previous NOP-INR rules?",
   "answer": "No, it provides an exclusion for specific swap positions while requiring compliance with the provisions of A.P. (DIR Series) Circular No. 24 dated March 27, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13470&Mode=0"
  },
  {
   "question": "Does this circular override other legal or regulatory approvals?",
   "answer": "No. The relaxations are under FEMA sections 10(4) and 11(1) and are without prejudice to permissions or approvals required under any other law.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12840&Mode=0"
  },
  {
   "question": "Does this circular prohibit transactions with the listed jurisdictions?",
   "answer": "No, the circular explicitly states it does not preclude legitimate trade and business transactions with those countries.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-384/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8597&Mode=0"
  },
  {
   "question": "Does this circular remove all pre-debit notifications for FASTag and NCMC auto-replenishment?",
   "answer": "Yes, for auto-replenishment transactions triggered when the balance falls below a customer-set threshold, the 24-hour pre-debit notification requirement is waived. However, all other e-mandate rules remain in force.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12722&Mode=0"
  },
  {
   "question": "Does this circular remove all restrictions on bank finance to NBFCs?",
   "answer": "No. While the NOF-linked ceiling is withdrawn for registered NBFCs, restrictions on financing certain activities—like bridge loans, advances against collateral security of shares, and guarantees for fund placements—continue to apply.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-14/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12280&Mode=0"
  },
  {
   "question": "Does this circular remove the 50% group cap entirely?",
   "answer": "No. The 50% group limit remains the default; relaxation is only considered case-by-case when IRDA mandates capital infusion, and RBI approval is required.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-383/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8596&Mode=0"
  },
  {
   "question": "Does this circular replace all earlier PPI guidelines?",
   "answer": "Yes, this circular supersedes all earlier circulars on prepaid payment instruments, making it the single reference for PPI regulation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-547/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8814&Mode=0"
  },
  {
   "question": "Does this circular replace all previous IRAC guidelines for UCBs?",
   "answer": "Yes, this master circular consolidates and updates all instructions issued up to October 31, 2021, superseding the July 1, 2015 circular. However, any state-level statutory requirements that are more stringent still apply.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12185&Mode=0"
  },
  {
   "question": "Does this circular replace any previous disclosure requirements?",
   "answer": "Yes, it replaces the sector-wise NPA disclosure requirements from the March 15, 2010 circular (DBOD.BP.BC.No.79/21.04.018/2009-10) with the new format specified in the annex.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-647/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8946&Mode=0"
  },
  {
   "question": "Does this circular replace earlier directions?",
   "answer": "No, it reviews and updates the 2019 Rupee Interest Rate Derivatives Directions. Note that these directions have since been superseded by the 2025 Master Direction.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12374&Mode=0"
  },
  {
   "question": "Does this circular replace earlier instructions?",
   "answer": "No, it updates the list referenced in the earlier circular DBOD.AML No. 14982/14.06.001/2012-13 dated April 17, 2013. The underlying UAPA Order of August 27, 2009 and its compliance procedures remain in effect.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-182/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8307&Mode=0"
  },
  {
   "question": "Does this circular replace earlier IRF guidelines?",
   "answer": "It clarifies that the December 2013 IRF directions supersede the 2009 directions, but banks must still follow the 2008 and 2009 circulars for participation rules.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-410/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8636&Mode=0"
  },
  {
   "question": "Does this circular replace earlier KYC master directions?",
   "answer": "No, it supplements Section 51 of the Master Direction on KYC dated February 25, 2016 (as amended December 18, 2020), which already requires compliance with UNSC sanctions lists.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12035&Mode=0"
  },
  {
   "question": "Does this circular replace earlier RDA instructions?",
   "answer": "No. All other instructions from A.P. (DIR Series) Circular No. 28 dated February 6, 2008, as amended, remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-560/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8832&Mode=0"
  },
  {
   "question": "Does this circular replace the 2018 hedging directions?",
   "answer": "Yes, the 2018 directions are superseded by the new Master Direction issued on December 12, 2022, which incorporates this change.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-151/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12423&Mode=0"
  },
  {
   "question": "Does this circular replace the existing Master Direction on commodity hedging?",
   "answer": "No, it updates the Master Direction to include OTC derivatives in IFSC as an additional hedging avenue.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12662&Mode=0"
  },
  {
   "question": "Does this circular restrict business with the listed jurisdictions?",
   "answer": "No, the circular explicitly states it does not preclude legitimate trade and business transactions with those countries.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-431/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8675&Mode=0"
  },
  {
   "question": "Does this definition apply to all FDI transactions?",
   "answer": "Yes, it applies to investments under the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000, as amended.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-356/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8551&Mode=0"
  },
  {
   "question": "Does this direction apply to all banks or only RRBs?",
   "answer": "It applies exclusively to Regional Rural Banks (RRBs). Other bank categories have separate conduct directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-267/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13039&Mode=0"
  },
  {
   "question": "Does this direction apply to all banks or only those with currency chests?",
   "answer": "The Master Direction applies to all bank branches and currency chests. It covers deficiencies in customer service related to currency exchange, note sorting, and remittances to RBI.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2024-25-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12645&Mode=0"
  },
  {
   "question": "Does this direction apply to all overseas investments?",
   "answer": "It applies to overseas investments by persons resident in India, subject to exemptions and approvals as specified in the OI Rules and Regulations.",
   "page": "https://bankpulse.ai/c/rbi-fed-2024-25-121/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12710&Mode=0"
  },
  {
   "question": "Does this Direction apply to all types of banks?",
   "answer": "Yes, it applies to all banks as defined in the Banking Regulation Act, including Payment Banks, Small Finance Banks, regional rural banks, and cooperative banks.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2023-24-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12592&Mode=0"
  },
  {
   "question": "Does this direction apply to billers directly?",
   "answer": "No, the direction applies to NBBL and all BBPOUs. Billers are not directly covered, but any entity operating a bill payment system outside BBPS must seek RBI authorization.",
   "page": "https://bankpulse.ai/c/rbi-dpss-2023-24-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12616&Mode=0"
  },
  {
   "question": "Does this direction apply to cooperative banks?",
   "answer": "Yes, the definition of 'Bank' includes cooperative banks as defined under the Banking Regulation Act, 1949.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12061&Mode=0"
  },
  {
   "question": "Does this direction apply to exchange-traded CDS?",
   "answer": "Yes, it applies to credit derivatives transactions in both OTC markets and on recognised stock exchanges in India.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12226&Mode=0"
  },
  {
   "question": "Does this direction apply to existing securitisation transactions?",
   "answer": "No, it applies only to securitisation transactions undertaken after the effective date of September 24, 2021.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12165&Mode=0"
  },
  {
   "question": "Does this direction apply to indirect acquisitions?",
   "answer": "Yes, the direction covers both direct and indirect acquisitions. Indirect acquisition includes scenarios listed in Annex I, such as through subsidiaries or holding companies.",
   "page": "https://bankpulse.ai/c/rbi-dor-2022-23-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12439&Mode=0"
  },
  {
   "question": "Does this Direction apply to multi-state UCBs?",
   "answer": "Yes, the definition of Urban Co-operative Banks includes both uni-state and multi-state banks, so the Direction applies to all.",
   "page": "https://bankpulse.ai/c/rbi-dor-2020-21-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12043&Mode=0"
  },
  {
   "question": "Does this Direction apply to Regional Rural Banks (RRBs)?",
   "answer": "No, RRBs are explicitly excluded from the applicability of these Directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12153&Mode=0"
  },
  {
   "question": "Does this Direction change the eligibility criteria for investing in government securities?",
   "answer": "No, eligibility remains as per existing rules/guidelines from Government of India, State Governments, or RBI. The Direction only governs access to the NDS-OM platform.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2024-25-127/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13376&Mode=0"
  },
  {
   "question": "Does this direction replace all earlier ARC circulars?",
   "answer": "Yes, it repeals all previous circulars listed in Annex VII of the direction.",
   "page": "https://bankpulse.ai/c/rbi-dor-2024-25-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12669&Mode=0"
  },
  {
   "question": "Does this Direction replace all earlier capital adequacy guidelines for LABs?",
   "answer": "Yes, it consolidates all existing guidelines and instructions on prudential norms for capital adequacy into one Master Direction.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12182&Mode=0"
  },
  {
   "question": "Does this direction replace all earlier RBI instructions on customer service for Payments Banks?",
   "answer": "Yes, this direction consolidates all previous regulatory instructions on customer service and conduct for Payments Banks into one document, effective November 28, 2025.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-219/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13089&Mode=0"
  },
  {
   "question": "Does this direction replace all previous RBI circulars on customer service for SFBs?",
   "answer": "Yes, this is a consolidation of all previous regulatory instructions on customer service and conduct for Small Finance Banks into one master direction.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-201/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13108&Mode=0"
  },
  {
   "question": "Does this direction replace all previous RBI circulars on financial statement disclosures?",
   "answer": "Yes, this Master Direction consolidates and updates all extant guidelines on presentation and disclosure of financial statements, providing a single reference for banks.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12158&Mode=0"
  },
  {
   "question": "Does this direction replace any existing guidelines?",
   "answer": "Yes, it supersedes the Master Direction – Reserve Bank of India (Variation Margin) Directions, 2022, and incorporates initial margin requirements.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2024-25-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12682&Mode=0"
  },
  {
   "question": "Does this direction replace any previous circular?",
   "answer": "Yes, it supersedes the circular dated October 4, 2021 (DOR.CAP.REC.No.56/21.06.201/2021-22) on the same subject.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12905&Mode=0"
  },
  {
   "question": "Does this Direction replace any previous regulations?",
   "answer": "It consolidates and supersedes earlier ad-hoc instructions on hedging commodity price and freight risk overseas, providing a single comprehensive framework under FEMA.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-152/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12424&Mode=0"
  },
  {
   "question": "Does this direction replace the earlier 2021 circular?",
   "answer": "Yes, this direction supersedes the circular dated October 4, 2021 (DOR.CAP.REC.No.56/21.06.201/2021-22) on the same subject.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12904&Mode=0"
  },
  {
   "question": "Does this Direction replace the earlier Comprehensive Guidelines on Derivatives?",
   "answer": "Yes, it replaces the CGD as part of the review announced in the December 2020 monetary policy statement.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2021-22-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12163&Mode=0"
  },
  {
   "question": "Does this exemption apply to all bonds or only those from non-financial entities?",
   "answer": "Only investments in long-term bonds and debentures (minimum residual maturity of 3 years at investment) issued by non-financial entities are exempted from the 25% HTM ceiling.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12783&Mode=0"
  },
  {
   "question": "Does this exemption apply to all foreign sovereign exposures?",
   "answer": "No, only to exposures that meet two conditions: they must be assigned a 0% risk weight under Basel III capital regulations (as per Table 2 of the Master Circular) and be denominated in the sovereign's domestic currency, funded from resources in that same currency.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12036&Mode=0"
  },
  {
   "question": "Does this exemption apply to all loan transfers?",
   "answer": "No, it only applies to receivables acquired as part of factoring business as defined in the Factoring Regulation Act, 2011. Other loan transfers still require MHP compliance.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12582&Mode=0"
  },
  {
   "question": "Does this exemption apply to all money received by an NBFC?",
   "answer": "No, the exemption is limited and restricted only to money received for the issue of prepaid payment instruments. Other funds remain subject to Chapter IIIB of the RBI Act.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-461/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8709&Mode=0"
  },
  {
   "question": "Does this exemption apply to all non-SLR investments by UCBs?",
   "answer": "No, the exemption is only for capital subscriptions made to acquire membership in the Umbrella Organization (NAFCUB). Other non-SLR investments remain subject to the existing 10% deposit cap and unlisted securities sub-limit.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-177/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12249&Mode=0"
  },
  {
   "question": "Does this exemption apply to existing FCNR(B) deposits?",
   "answer": "No, only deposits mobilised or renewed during the specified window (June 8 to September 30, 2026) qualify. Existing deposits are not covered.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13471&Mode=0"
  },
  {
   "question": "Does this extension apply to all housing loans or only specific amounts?",
   "answer": "The circular continues the rationalised risk weights for all new individual housing loans, irrespective of the loan amount, as per the October 2020 circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12286&Mode=0"
  },
  {
   "question": "Does this extension apply to all NRE deposits or only incremental ones?",
   "answer": "The deregulation applies only to incremental NRE deposits with a maturity of 3 years and above, as per the original circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-394/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8613&Mode=0"
  },
  {
   "question": "Does this extension apply to bank Payment Aggregators as well?",
   "answer": "No, the extension is specifically for non-bank Payment Aggregators. Bank PAs were already required to comply by September 30, 2020, as per earlier circulars.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12050&Mode=0"
  },
  {
   "question": "Does this extension apply to loans to MFIs for on-lending?",
   "answer": "No, the extension specifically covers NBFCs other than MFIs. MFI on-lending is governed by separate PSL guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12177&Mode=0"
  },
  {
   "question": "Does this extension apply to loans to NBFC-MFIs?",
   "answer": "No, the circular specifically excludes MFIs. Only loans to registered NBFCs other than MFIs are covered under this extension for on-lending to agriculture and MSE.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12069&Mode=0"
  },
  {
   "question": "Does this extension apply to other types of banks?",
   "answer": "No. This circular is specific to Primary (Urban) Co-operative Banks, State Co-operative Banks, and Central Co-operative Banks. Commercial banks and other entities are not covered.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11983&Mode=0"
  },
  {
   "question": "Does this extension change any other prudential limits from the March 2020 circular?",
   "answer": "No, all other provisions regarding prudential limits from the March 13, 2020 circular remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-53/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12709&Mode=0"
  },
  {
   "question": "Does this extension change any other requirements from the August 2020 circular?",
   "answer": "No. Only the compliance deadline for existing accounts (Para 4 of the August circular) has been extended. All other instructions remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11990&Mode=0"
  },
  {
   "question": "Does this facility apply to all types of resident accounts?",
   "answer": "Yes, the circular extends the joint holder facility to all types of resident accounts including savings bank accounts, fixed deposits, recurring deposits, and current accounts.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-437/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8681&Mode=0"
  },
  {
   "question": "Does this framework apply to all outsourcing by PSOs?",
   "answer": "No, it applies only to payment and settlement-related activities, including incidental ones like customer onboarding and IT services. Internal administration or housekeeping functions are excluded.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12136&Mode=0"
  },
  {
   "question": "Does this framework replace the Prudential Framework for Resolution of Stressed Assets of 2019?",
   "answer": "No, the new framework is without prejudice to the Prudential Framework or other stressed asset resolution guidelines. It operates alongside them, providing specific rules for compromise settlements and technical write-offs.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12513&Mode=0"
  },
  {
   "question": "Does this guidance change operational risk capital requirements?",
   "answer": "No, the guidance explicitly states that operational risk regulatory capital requirements will continue to be governed by existing applicable guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12679&Mode=0"
  },
  {
   "question": "Does this investment count towards the bank's overall non-SLR investment limit?",
   "answer": "No, the investment in SSE share capital is specifically exempt from the prudential limit on total non-SLR investments.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12899&Mode=0"
  },
  {
   "question": "Does this Master Circular apply to Small Finance Banks?",
   "answer": "No, Small Finance Banks and Payments Banks must refer to their respective licensing and operating guidelines for capital adequacy norms.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12504&Mode=0"
  },
  {
   "question": "Does this master circular apply to trusts managed by ARCs?",
   "answer": "Yes, but trusts are exempt from paragraphs on registration, net owned fund, permissible business, capital adequacy, deployment of funds, asset classification, investments, income recognition, and disclosures.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-154/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12225&Mode=0"
  },
  {
   "question": "Does this master circular change any existing ARC rules?",
   "answer": "No, it consolidates all current instructions as of the date of the circular (April 1, 2022, updated through October 14, 2022), without introducing new requirements. ARCs must continue to follow the same rules on registration, capital, and asset classification.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-03/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12267&Mode=0"
  },
  {
   "question": "Does this Master Circular introduce any new exposure limits for UCBs?",
   "answer": "No. The circular explicitly states it only consolidates all instructions issued up to March 31, 2025 and does not contain any new guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-19/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12828&Mode=0"
  },
  {
   "question": "Does this master circular introduce any new housing finance rules?",
   "answer": "No, it consolidates all existing instructions issued up to March 31, 2022, without adding new requirements.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12282&Mode=0"
  },
  {
   "question": "Does this Master Circular introduce any new investment rules?",
   "answer": "No, it consolidates all existing instructions on investments by Primary Urban Co-operative Banks as of September 20, 2021, without introducing new policy changes.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12164&Mode=0"
  },
  {
   "question": "Does this master circular introduce any new IRAC norms?",
   "answer": "No, it consolidates existing instructions issued up to March 31, 2022, without introducing new norms. It replaces the previous master circular dated October 1, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12281&Mode=0"
  },
  {
   "question": "Does this Master Circular introduce any new lending rules for UCBs?",
   "answer": "No, it only consolidates existing instructions issued up to March 31, 2025, without adding new guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12827&Mode=0"
  },
  {
   "question": "Does this master circular introduce any new lending targets for SC/ST borrowers?",
   "answer": "No, it consolidates existing guidelines without setting new targets. Banks must continue to step up advances through planning and special schemes.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-19/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12664&Mode=0"
  },
  {
   "question": "Does this master circular introduce any new NPA classification rules?",
   "answer": "No, it consolidates existing rules. The NPA classification remains at 90 days overdue for term loans and 'out of order' for overdraft/cash credit accounts.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12499&Mode=0"
  },
  {
   "question": "Does this Master Circular introduce any new requirements for guarantees?",
   "answer": "No, it explicitly states it only consolidates instructions issued up to March 31, 2025, without adding new guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12820&Mode=0"
  },
  {
   "question": "Does this Master Circular introduce any new requirements for SC/ST lending?",
   "answer": "No, it consolidates all existing circulars on the subject into one document. Banks should continue following the same instructions as before.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-03/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12807&Mode=0"
  },
  {
   "question": "Does this master circular introduce any new restrictions on guarantees for UCBs?",
   "answer": "No, this circular is purely a consolidation of all existing instructions issued up to March 31, 2025. It does not contain any new guidelines or changes to existing rules.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-11/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12819&Mode=0"
  },
  {
   "question": "Does this Master Circular introduce any new rules for UCBs?",
   "answer": "No, it only consolidates all existing instructions issued up to March 31, 2024, without adding new guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12647&Mode=0"
  },
  {
   "question": "Does this Master Circular introduce new capital requirements?",
   "answer": "No, it consolidates existing Basel III capital regulations issued as of the date of the circular. No new requirements are introduced.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12278&Mode=0"
  },
  {
   "question": "Does this Master Circular introduce new housing loan limits?",
   "answer": "No, it consolidates existing instructions without changing loan limits or margins. Banks retain flexibility to decide these based on board-approved policies.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12344&Mode=0"
  },
  {
   "question": "Does this master circular introduce new housing loan rules?",
   "answer": "No, it consolidates existing instructions issued up to February 17, 2022, without adding new regulations.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-171/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12243&Mode=0"
  },
  {
   "question": "Does this master circular introduce new IRAC norms?",
   "answer": "No, it consolidates existing instructions issued as of October 1, 2021, without introducing new norms. It replaces the July 2015 master circular.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12171&Mode=0"
  },
  {
   "question": "Does this Master Circular introduce new lending targets for SC/ST borrowers?",
   "answer": "No, it consolidates existing guidelines without setting new targets. Banks must continue to give weightage to SC/STs in credit planning and adopt villages with high SC/ST populations.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12365&Mode=0"
  },
  {
   "question": "Does this master circular introduce new NPA classification rules?",
   "answer": "No, it consolidates existing instructions up to March 31, 2023. No new rules are introduced; it updates the previous year's circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12472&Mode=0"
  },
  {
   "question": "Does this Master Circular introduce new restrictions on NBFC financing?",
   "answer": "No, it only consolidates existing instructions issued up to March 31, 2025, without adding new guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12823&Mode=0"
  },
  {
   "question": "Does this Master Circular introduce new rules?",
   "answer": "No, it consolidates existing guidelines up to March 31, 2021. Banks should refer to this single document instead of multiple earlier circulars.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12064&Mode=0"
  },
  {
   "question": "Does this Master Circular replace all previous LBS guidelines?",
   "answer": "Yes, it consolidates all relevant guidelines issued up to March 31, 2025, as listed in Appendix I. Banks should use this as the single reference for LBS compliance.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12808&Mode=0"
  },
  {
   "question": "Does this Master Direction introduce new capital adequacy ratios for RRBs?",
   "answer": "No, the Direction consolidates existing guidelines with modifications and rationalisation but does not introduce new capital ratios or thresholds. RRBs should refer to the Direction for current requirements.",
   "page": "https://bankpulse.ai/c/rbi-dor-2024-25-129/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12800&Mode=0"
  },
  {
   "question": "Does this Master Direction replace all previous HFC regulations?",
   "answer": "Yes, it supersedes the earlier regulations and directions under Chapter XVII of previous NHB/RBI guidelines, as stated in the document.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12030&Mode=0"
  },
  {
   "question": "Does this mean all bank operations must be open on March 31, 2024?",
   "answer": "No, only government transactions processed through e-Kuber are affected. Other banking operations may remain closed as per usual Sunday schedule, unless your bank decides otherwise.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-65/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12541&Mode=0"
  },
  {
   "question": "Does this mean my bank can skip identity verification if we download KYC from CKYCR?",
   "answer": "Yes, for identity and address verification only, provided the downloaded records are current and compliant with PML Act/Rules. Your bank still must perform all other CDD steps and remains responsible for the overall KYC process.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-165/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13241&Mode=0"
  },
  {
   "question": "Does this mean RBI now permits banks to deal in virtual currencies?",
   "answer": "The circular does not grant explicit permission; it only removes the 2018 prohibition. Banks must still follow all other applicable regulations and their own risk assessments.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12103&Mode=0"
  },
  {
   "question": "Does this mean we never have to verify identity again if we use CKYCR records?",
   "answer": "No. You can skip re-verifying identity and address only if the records you download from CKYCR are current and compliant with PML Act/Rules. You remain fully responsible for all other CDD procedures under the Directions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-166/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13242&Mode=0"
  },
  {
   "question": "Does this mean we never need to verify customer identity if we download from CKYCR?",
   "answer": "No. You are exempt from re-verifying identity/address only if the records were last uploaded/updated by another AIFI and are current and compliant. You still must perform all other CDD steps and remain responsible for the overall CDD procedure.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-157/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13233&Mode=0"
  },
  {
   "question": "Does this name change affect any existing agreements or contracts with Chinatrust Commercial Bank?",
   "answer": "No, the name change is purely administrative. All existing agreements remain valid, but future documents should reference the new name 'CTBC Bank Co., Ltd.'",
   "page": "https://bankpulse.ai/c/rbi-2013-14-508/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8760&Mode=0"
  },
  {
   "question": "Does this name change affect any existing agreements with Sonali Bank?",
   "answer": "No, this is a name change only. All existing agreements, obligations, and legal standings remain valid under the new name.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12660&Mode=0"
  },
  {
   "question": "Does this name change affect any regulatory requirements for other banks?",
   "answer": "No, this is purely a name update in the RBI's Second Schedule. There are no new compliance or reporting obligations for other banks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-480/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8732&Mode=0"
  },
  {
   "question": "Does this name change affect the bank's operations or regulatory status?",
   "answer": "No, it is purely a name change in the Second Schedule. The bank's licensing, capital, and regulatory obligations remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12672&Mode=0"
  },
  {
   "question": "Does this name change affect the rating symbols used by SMERA?",
   "answer": "No, the rating symbols remain unchanged after the name change.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-326/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8510&Mode=0"
  },
  {
   "question": "Does this new limit apply to all recurring transactions?",
   "answer": "No, it applies only to e-mandates for mutual fund subscriptions, insurance premium payments, and credit card bill payments. Other categories remain at the earlier limit of ₹15,000.",
   "page": "https://bankpulse.ai/c/rbi-2023-2024-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12570&Mode=0"
  },
  {
   "question": "Does this notification affect other co-operative banks directly?",
   "answer": "No, it only applies to Sikkim State Co-operative Bank. However, it may serve as a benchmark for other state co-operative banks seeking scheduled status.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-174/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12246&Mode=0"
  },
  {
   "question": "Does this notification affect Syndicate Bank's customers?",
   "answer": "No, this is a formal regulatory step post-merger. Customers of Syndicate Bank were already transferred to the successor bank (Canara Bank) and continue to be serviced normally.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11975&Mode=0"
  },
  {
   "question": "Does this notification change auction procedures for Treasury Bills?",
   "answer": "The circular does not detail specific procedural changes. It only states that the new notification supersedes the previous ones. Participants should refer to the enclosed Government notification for any revised terms.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12802&Mode=0"
  },
  {
   "question": "Does this notification replace the earlier RBI criteria?",
   "answer": "Yes, the criteria prescribed under Para 105 of the Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 have been withdrawn with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12151&Mode=0"
  },
  {
   "question": "Does this relaxation apply to all ECB proceeds?",
   "answer": "No, it applies only to unutilised proceeds drawn down on or before March 1, 2020. Other ECB policy provisions remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12070&Mode=0"
  },
  {
   "question": "Does this relaxation apply to all FCNR(B) and NRE deposits or only new ones?",
   "answer": "The relaxation applies only to incremental deposits mobilized during the period July 7 to October 31, 2022. Existing deposits are not affected.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12350&Mode=0"
  },
  {
   "question": "Does this relaxation apply to all FPI debt investments?",
   "answer": "No, it applies only to investments in government securities (including Treasury Bills and State Development Loans) and corporate bonds made during the specified period. It also allows FPIs to invest in commercial papers and non-convertible debentures with original maturity up to one year.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12355&Mode=0"
  },
  {
   "question": "Does this relaxation apply to any change in derivative contract terms?",
   "answer": "No, it applies only when the change is solely to replace LIBOR with an alternative reference rate, and all other contract parameters remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12141&Mode=0"
  },
  {
   "question": "Does this relaxation help with LCR compliance?",
   "answer": "Yes, the circular explicitly states that the facility enables banks to meet their Liquidity Coverage Ratio (LCR) requirements.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12021&Mode=0"
  },
  {
   "question": "Does this replace physical Aadhaar cards?",
   "answer": "No, physical Aadhaar cards/letters and e-KYC process continue to be accepted as officially valid documents.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-510/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8762&Mode=0"
  },
  {
   "question": "Does this replace the earlier circular on export-only accounts?",
   "answer": "No, this circular extends the earlier facility (FED Circular No. 08 dated November 17, 2023) by adding import settlements to the scope. The earlier circular remains relevant for the export-only provision, but now the account can be used for both purposes.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12693&Mode=0"
  },
  {
   "question": "Does this replace the physical Aadhaar card?",
   "answer": "No. Physical Aadhaar cards and e-KYC remain valid. e-Aadhaar is an additional option, not a replacement.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-514/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8766&Mode=0"
  },
  {
   "question": "Does this revision apply to all MSME restructuring requests?",
   "answer": "Yes, the revised threshold of ₹50 crore applies to all MSME accounts being considered under Resolution Framework 2.0, provided they meet other eligibility conditions like not having been restructured under earlier circulars.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12105&Mode=0"
  },
  {
   "question": "Does this supersede any previous direction?",
   "answer": "Yes, it supersedes the Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026 dated February 13, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-261/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13353&Mode=0"
  },
  {
   "question": "Does this update include any new designations?",
   "answer": "No. The update only includes deletions from the Al-Qaida Sanctions List. For freezing procedures related to designated individuals/entities, refer to the circular dated September 17, 2009.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-235/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8389&Mode=0"
  },
  {
   "question": "Does this utilisation affect our ability to use the buffer for accelerated provisions under the January 2014 framework?",
   "answer": "No, this utilisation is over and above any use for accelerated/additional provisions under the January 30, 2014 framework for distressed assets. Both can be used independently.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-485/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8737&Mode=0"
  },
  {
   "question": "Does this withdrawal mean no penalties for delayed reporting at all?",
   "answer": "No. Only the specific penal interest circular from February 2018 is withdrawn. Other RBI circulars on reporting timelines and penalties remain in force. Banks must continue to comply with all other reporting requirements.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12306&Mode=0"
  },
  {
   "question": "Does this withdrawal mean we no longer need to screen against UN terror lists?",
   "answer": "No. The withdrawal only removes these specific circulars; the statutory obligations under UAPA, 1967 and UN Security Council resolutions remain fully in effect.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-162/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12234&Mode=0"
  },
  {
   "question": "From when are the new 2026 directions effective?",
   "answer": "The new directions are effective from Financial Year 2026-27, replacing the 2025 directions from that date.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-234/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13320&Mode=0"
  },
  {
   "question": "From when are these new limits effective?",
   "answer": "The instructions came into effect from the date of the circular, i.e., June 8, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-68/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12336&Mode=0"
  },
  {
   "question": "From when are these new risk weights applicable?",
   "answer": "The instructions are effective from the date of issue, February 25, 2025, and apply to both outstanding and new microfinance loans.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12786&Mode=0"
  },
  {
   "question": "From when do these disclosure norms apply to RCBs?",
   "answer": "The Master Direction applies from the financial year ending March 31, 2023, with certain additional disclosures in Annex III-A applicable from the financial year ending March 31, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-181/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12457&Mode=0"
  },
  {
   "question": "From when does the penal interest period start and end?",
   "answer": "It starts from the date the agency bank received the excess or double claim amount and ends the day before the actual return of that amount to the State Government account.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12135&Mode=0"
  },
  {
   "question": "From when is this clarification effective?",
   "answer": "The provisions are deemed effective from October 1, 2021, meaning banks should apply this rule to claims from that date onward.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12327&Mode=0"
  },
  {
   "question": "From when is this discontinuation effective?",
   "answer": "It is effective from the quarter ending June 2022. So the return for that quarter and all future quarters is no longer required.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12337&Mode=0"
  },
  {
   "question": "From when is this mandate effective?",
   "answer": "The directions are effective from April 1, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12010&Mode=0"
  },
  {
   "question": "From when is this new daily maintenance requirement applicable?",
   "answer": "It is effective from the fortnight beginning September 21, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-288/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8452&Mode=0"
  },
  {
   "question": "From when must AIFIs start applying the new calamity‑impact requirement?",
   "answer": "The requirement is effective from 1 July 2026. All credit assessments from that date onward must incorporate calamity risk.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13441&Mode=0"
  },
  {
   "question": "From which date are these guidelines effective?",
   "answer": "These guidelines are applicable with effect from March 31, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-591/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8877&Mode=0"
  },
  {
   "question": "From which date is the increased subvention of 3% applicable?",
   "answer": "The increased subvention of 3% is effective from August 1, 2013, as per the Government of India's decision and RBI directive dated August 26, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-207/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8353&Mode=0"
  },
  {
   "question": "From which date is XBRL submission discontinued?",
   "answer": "Submission of this return through the XBRL site will be discontinued with effect from December 26, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12578&Mode=0"
  },
  {
   "question": "From which financial year do these rules apply?",
   "answer": "These disclosures are effective from the balance sheet date of March 31, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-531/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8786&Mode=0"
  },
  {
   "question": "From which quarter does the new CIMS submission apply?",
   "answer": "The requirement applies from the quarter ending December 2023 onwards.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12577&Mode=0"
  },
  {
   "question": "Has GST collection ever fallen year-on-year?",
   "answer": "Yes — the only annual decline so far was FY2020-21, when gross GST fell about 7% to roughly Rs 11.4 lakh crore because COVID-19 lockdowns sharply cut economic activity and consumption. Collections rebounded strongly afterwards, rising about 30% in FY2021-22 as the economy reopened and compliance and anti-evasion measures tightened.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Has the overall period for completing the transaction changed?",
   "answer": "No, it remains 9 months",
   "page": "https://bankpulse.ai/c/rbi-2025-26-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12907&Mode=0"
  },
  {
   "question": "Has this Direction been superseded?",
   "answer": "Yes, the 2021 Direction has been repealed and replaced by the Reserve Bank of India (Classification, Valuation and Operation of Investment Portfolio of Commercial Banks) Directions, 2023.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12153&Mode=0"
  },
  {
   "question": "Have the actual interest rate limits on FCNR(B) deposits changed?",
   "answer": "No, the rate ceilings themselves have not been altered. Only the validity period has been extended.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-388/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8602&Mode=0"
  },
  {
   "question": "Have the interest rate ceilings on FCNR(B) deposits changed?",
   "answer": "No, the ceilings prescribed in the August 19, 2013 circular remain exactly the same. Only the validity period has been extended.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-391/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8610&Mode=0"
  },
  {
   "question": "How are bank branches classified by population group?",
   "answer": "The RBI classifies bank branch locations into four population groups by census population: Rural (under 10,000), Semi-urban (10,000 to under 1 lakh), Urban (1 lakh to under 10 lakh) and Metropolitan (10 lakh and above). Roughly a third of branches are rural and a quarter semi-urban, reflecting financial-inclusion priorities.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How are co-operative banks regulated differently from commercial banks?",
   "answer": "Co-operative banks historically operated under dual control of RBI and the registrar of co-operatives; RBI has progressively strengthened its prudential and governance oversight while keeping some structural differences from commercial banks.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How are counterfeit notes handled under this scheme?",
   "answer": "Banks must examine all notes through machines; failure to impound counterfeit notes detected at their end is construed as wilful involvement in circulating counterfeit notes. Penalty shall be levied in terms of the instructions issued by DCM (FNVD) No.G-4/16.01.05/2025-26 dated April 1, 2025.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2025-26-131/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12810&Mode=0"
  },
  {
   "question": "How are current year losses treated in Owned Fund computation?",
   "answer": "Losses in the current year must be fully deducted from Owned Fund, with no provision for offsetting against future profits.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-231/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13316&Mode=0"
  },
  {
   "question": "How are DBUs treated for regulatory compliance?",
   "answer": "DBUs are treated as banking outlets under the 2017 branch authorisation policy. They are considered opened in the centre where significant new business is sourced, regardless of physical location.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-19/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12285&Mode=0"
  },
  {
   "question": "How are deferred tax assets (DTAs) treated under the new rules?",
   "answer": "DTAs associated with accumulated losses must be fully deducted from CET1 capital. Other DTAs are netted against deferred tax liabilities before deduction.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12296&Mode=0"
  },
  {
   "question": "How are deposits from trusts and partnerships treated under the new LCR rules?",
   "answer": "Deposits from non-financial entities like trusts, partnerships, and LLPs are now categorized as 'non-financial corporates' with a 40% run-off rate, instead of the previous 100% for 'other legal entities'.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12836&Mode=0"
  },
  {
   "question": "How are home-loan interest rates regulated?",
   "answer": "Most floating-rate retail home loans must be linked to an external benchmark, with transparent spreads and clearly disclosed reset behaviour. Borrowers must receive a Key Facts Statement and, on reset, options to extend tenor, raise the EMI or switch to a fixed rate.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How are import quantities restricted under the new rules?",
   "answer": "Imports must be linked to the highest quantity of gold supplied to exporters in any one of the last three years. Front-loading is restricted; importing more than two months' export requirement in a single lot is considered unusual.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-187/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8312&Mode=0"
  },
  {
   "question": "How are incentives for coin distribution calculated?",
   "answer": "Banks receive ₹65 per bag of coins distributed, based on net withdrawal from the currency chest. An additional ₹10 per bag is paid for distribution in rural and semi-urban areas, provided a concurrent auditor certificate is submitted. No separate claim form is needed; RBI pays based on chest withdrawal data.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2024-25-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12646&Mode=0"
  },
  {
   "question": "How are penal interest rates affected?",
   "answer": "Penal interest rates linked to the Bank Rate have been revised to Bank Rate plus 3.0 percentage points or Bank Rate plus 5.0 percentage points.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12857&Mode=0"
  },
  {
   "question": "How are penal interest rates on reserve shortfalls affected?",
   "answer": "Penal rates linked to the Bank Rate are reduced: the rate of Bank Rate plus 3 percentage points is now 11.75% (down from 12.00%), and Bank Rate plus 5 percentage points is now 13.75% (down from 14.00%).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-346/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8540&Mode=0"
  },
  {
   "question": "How are prudential breaches reflected in RBI action?",
   "answer": "Lapses in KYC/AML, exposure norms, IRAC or deposit rules typically trigger a statutory show-cause process and, where upheld, a monetary penalty. The penalty tracker dashboard records these actions with links to the official RBI press releases.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How are repeat violations penalized under this scheme?",
   "answer": "For operational guideline violations like non-functioning CCTV, the penalty is ₹5,000 per instance initially. If the same irregularity recurs in consecutive inspection cycles or earlier, the penalty is enhanced to ₹10,000 per instance.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2024-25-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12645&Mode=0"
  },
  {
   "question": "How are RoA and RoE calculated here?",
   "answer": "BankPulse shows RoA as net profit divided by average total assets and RoE as net profit divided by average net worth, at the scheduled-commercial-bank system level, with an illustrative public- versus private-sector split, by fiscal year. The figures are compiled from RBI's Report on Trend and Progress of Banking in India and Financial Stability Report and from bank financial disclosures, and are rounded and approximate. Exact ratios depend on the averaging method and the period, so treat these as direction and rough magnitude rather than a precise figure for any single bank.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How are the incremental G-Sec limits allocated between sub-categories?",
   "answer": "The allocation of incremental changes in the G-Sec limit remains at 50:50 between the 'General' and 'Long-term' sub-categories for FY 2025-26.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12829&Mode=0"
  },
  {
   "question": "How are the penal interest rates on CRR/SLR shortfalls calculated now?",
   "answer": "For shorter-duration shortfalls, the rate is Bank Rate plus 3 percentage points (9.25%). For longer-duration shortfalls, it is Bank Rate plus 5 percentage points (11.25%).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12832&Mode=0"
  },
  {
   "question": "How are the write-off limits calculated?",
   "answer": "Self-write-off by non-status holder exporters is capped at 5% of total export proceeds realized in the preceding calendar year. For status holder exporters, it is 10%. AD banks can also approve write-offs up to 10% of the same base. These limits are cumulative, meaning total write-offs (self + bank) cannot exceed the applicable percentage.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12005&Mode=0"
  },
  {
   "question": "How are VFTs audited under the new guidelines?",
   "answer": "All VFTs must be audited on a 100% sampling basis by SGL/CSGL holders to verify they fall under eligible or permitted categories. Any deviations must be reported to RBI immediately.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12175&Mode=0"
  },
  {
   "question": "How big is India's bank gold-loan book?",
   "answer": "Bank lending against gold jewellery -- a sub-segment of personal loans in the RBI sectoral deployment data -- has grown rapidly, from roughly Rs 0.6 lakh crore around FY21 to about Rs 1.8 lakh crore by FY25 on a provisional basis. The FY25 jump is partly mechanical: gold prices rose sharply and some agriculture loans backed by gold were reclassified into the retail gold-loan bucket. These figures are rounded and approximate and exclude the separate gold-loan books of NBFCs, so the combined organised gold-loan market is larger. See the RBI sources for exact numbers.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How can a bank exit PCA?",
   "answer": "Exit requires no breaches in any parameter for four continuous quarterly financial statements (one of which should be an audited annual financial statement) and supervisory comfort from RBI on sustainability of profitability.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12186&Mode=0"
  },
  {
   "question": "How can this individual request delisting from the sanctions list?",
   "answer": "The individual can submit a delisting request to the UN Ombudsperson appointed by the UN Secretary-General, or to the Joint Secretary (CTCR), MHA, who will process it further.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12116&Mode=0"
  },
  {
   "question": "How can we help customers avoid unauthorised forex platforms?",
   "answer": "Advise customers to deal only with RBI-authorised persons and ETPs, and share the Alert List and press releases available on the RBI website.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12671&Mode=0"
  },
  {
   "question": "How do banks register on the e-Kuber system?",
   "answer": "Banks must share two email IDs with dea.fund@rbi.org.in to complete the registration process",
   "page": "https://bankpulse.ai/c/rbi-2025-26-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12876&Mode=0"
  },
  {
   "question": "How do clusters connect to live data?",
   "answer": "Every cluster surfaces the live RBI-sourced dashboards relevant to its theme, so a reader can move from the rules to the current data in one step. The full set of dashboards is linked in the Live data section below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How do exporters get the new form numbers?",
   "answer": "Exporters can generate EDF and SOFTEX form numbers online through RBI's website, replacing the earlier manual allotment by RBI regional offices.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-254/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8411&Mode=0"
  },
  {
   "question": "How do FDI and FPI finance the current account deficit?",
   "answer": "India runs a current account deficit (CAD), meaning it needs net capital inflows from abroad to balance its external accounts. FDI and FPI are the two biggest such inflows on the capital and financial account. When FDI plus FPI and other inflows exceed the CAD, the balance of payments is in surplus and the RBI adds to forex reserves; when they fall short - often when FPI flees - reserves are drawn down and the rupee weakens.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How do former Tier I UCBs transition to the new 0.40% rate on 'other loans'?",
   "answer": "They must increase provisioning in phases: to 0.30% by March 31, 2024, to 0.35% by September 30, 2024, and to 0.40% by March 31, 2025, based on outstanding as on March 31, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12491&Mode=0"
  },
  {
   "question": "How do I access the full updated list?",
   "answer": "The complete list is available on the UN website at http://www.un.org/sc/committees/1267/aq_sanctions_list.shtml and http://www.un.org/sc/committees/1267/delisting.shtml.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-295/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8468&Mode=0"
  },
  {
   "question": "How do I ensure compliance with the new guidelines?",
   "answer": "You must review and update existing lending policies and procedures to align with the specific requirements in the directions, including board-approved policies, digital lending rules, and other provisions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-277/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13028&Mode=0"
  },
  {
   "question": "How do I exchange soiled or mutilated currency notes?",
   "answer": "Under the RBI's Clean Note Policy, all bank branches must exchange soiled, mutilated or defective notes for the public free of cost, subject to the note-refund rules on value payable. The detailed procedure is set out in the Department of Currency Management circulars linked on this page.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How do I file a complaint against a bank with the RBI?",
   "answer": "First raise the complaint with the bank or NBFC and allow it 30 days to respond. If it is unresolved or unsatisfactory, you can escalate to the RBI under the Reserve Bank Integrated Ombudsman Scheme via the RBI's complaint portal. The scheme's scope and process are set by the Consumer Education and Protection Department; this page links the official documents.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How do I get access to the XBRL portal?",
   "answer": "Email RBI at the provided contact with your bank's details to request a username and password. The portal URL is https://secweb.rbi.org.in/orfsxbrl/.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-374/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8581&Mode=0"
  },
  {
   "question": "How do I handle a customer who claims they are wrongly listed?",
   "answer": "Any delisting request received by your entity must be forwarded electronically to Joint Secretary (CTCR), Ministry of Home Affairs. The individual can also approach the UN Ombudsperson directly via the link provided in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12496&Mode=0"
  },
  {
   "question": "How do I handle a customer who claims they were wrongly listed and now want their account unfrozen?",
   "answer": "If the customer is not on the current UNSC list, you can unfreeze the account after verifying the updated list. For any de-listing requests, forward them electronically to Joint Secretary (CTCR), Ministry of Home Affairs, as per MHA instructions.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-121/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12788&Mode=0"
  },
  {
   "question": "How do I handle a customer who claims to be wrongly listed?",
   "answer": "Forward the delisting request electronically to Joint Secretary (CTCR), Ministry of Home Affairs. Also inform the customer they can approach the UN Ombudsperson for independent review.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-167/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12442&Mode=0"
  },
  {
   "question": "How do I submit the application?",
   "answer": "Applications must be sent to RBI's Department of Regulation in the format given in the annex, either by post or email as specified in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12161&Mode=0"
  },
  {
   "question": "How do I verify the updated UNSC sanctions list?",
   "answer": "The official updated list is available at www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list. Cross-check your internal database against this source.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-153/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12224&Mode=0"
  },
  {
   "question": "How do NBFC NPA norms compare with banks?",
   "answer": "RBI aligned NBFC asset-classification and income-recognition norms more closely with banks, including the treatment of upgrades only after all arrears are cleared. The specific direction is tracked in the cluster below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How do repo-rate changes flow through to retail loan EMIs?",
   "answer": "Most retail floating-rate loans are linked to an external benchmark, usually the RBI repo rate, so a policy-rate change passes through to EMIs at the next reset date. The repo-rate dashboard tracks the policy-rate path that drives this.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How do the auction results impact borrowing costs?",
   "answer": "The auction results can influence the borrowing costs for state governments, as the cut-off prices and yields determine the interest rates they must pay on their securities",
   "page": "https://bankpulse.ai/c/rbi-doc-62944/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62944"
  },
  {
   "question": "How do the new NPA norms differ from the previous criteria?",
   "answer": "The new norms require gross NPAs to be less than 7% and net NPAs not more than 3%, whereas the earlier criteria had different thresholds.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-308/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8486&Mode=0"
  },
  {
   "question": "How do the new state consents impact multi-brand retail FDI?",
   "answer": "Himachal Pradesh and Karnataka have now consented, so FDI in multi-brand retail is permitted in these states. Banks must ensure investments comply with state-level conditions and the updated policy.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-255/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8413&Mode=0"
  },
  {
   "question": "How do the penal interest rates on reserve shortfalls change?",
   "answer": "The penal rates linked to the Bank Rate are now 7.65% (Bank Rate plus 3 percentage points) and 9.65% (Bank Rate plus 5 percentage points), up from 7.25% and 9.25% respectively.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12312&Mode=0"
  },
  {
   "question": "How do the revised penal interest rates on reserve shortfalls work?",
   "answer": "Penal rates are now Bank Rate plus 3.0 percentage points (12.00%) or Bank Rate plus 5.0 percentage points (14.00%), depending on the duration of the shortfall.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-315/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8498&Mode=0"
  },
  {
   "question": "How do the revised penal interest rates work for reserve shortfalls?",
   "answer": "Penal rates are now Bank Rate plus 3 percentage points (12.0%) or Bank Rate plus 5 percentage points (14.0%), depending on the duration of the shortfall.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-469/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8717&Mode=0"
  },
  {
   "question": "How do the revised penal interest rates work?",
   "answer": "Penal rates on reserve shortfalls are now Bank Rate plus 3.0 percentage points (12.50%) or Bank Rate plus 5.0 percentage points (14.50%), depending on the duration of the shortfall.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-287/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8451&Mode=0"
  },
  {
   "question": "How do the SDF and MSF rates change?",
   "answer": "The SDF rate is adjusted to 5.75% and the MSF rate to 6.25%, both effective immediately.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12831&Mode=0"
  },
  {
   "question": "How do we calculate eligible quarterly profits?",
   "answer": "Use the formula EP_t = NP_t - 0.25 * D * t, where NP_t is net profit up to quarter t, and D is the average dividend paid in the last three financial years.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-229/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13314&Mode=0"
  },
  {
   "question": "How do we determine fair value for these recap bonds?",
   "answer": "Fair value must be arrived at using prices or YTM of similar tenor Central Government securities as published by Financial Benchmarks India Pvt. Ltd. (FBIL).",
   "page": "https://bankpulse.ai/c/rbi-2021-22-191/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12264&Mode=0"
  },
  {
   "question": "How do we handle a delisting request from a customer?",
   "answer": "Forward any delisting request electronically to the Joint Secretary (CTCR), Ministry of Home Affairs. Individuals can also approach the UN Ombudsperson for delisting from the ISIL/Al-Qaida list.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12922&Mode=0"
  },
  {
   "question": "How do we handle customers who have lost their ID documents in a calamity?",
   "answer": "You can open small accounts as per the RBI KYC Directions for RRBs, 2025, for persons displaced or adversely affected by the calamity who cannot produce identification or personal records.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13434&Mode=0"
  },
  {
   "question": "How do we handle de-listing requests from customers?",
   "answer": "Any de-listing request received must be forwarded electronically to Joint Secretary (CTCR), Ministry of Home Affairs. The UN also has an Ombudsperson process for individuals seeking removal from the sanctions list.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13357&Mode=0"
  },
  {
   "question": "How do we handle delisting requests from other entities?",
   "answer": "Forward any delisting requests to the Joint Secretary (CTCR), Ministry of Home Affairs, as per MHA instructions. Entities can also approach the UN Ombudsperson for delisting.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-152/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12221&Mode=0"
  },
  {
   "question": "How do we handle government orders on dearness relief (DR) now?",
   "answer": "Act on copies of government orders received via post, fax, email, or by accessing from government websites. Authorize your pension paying branches to make payments immediately without waiting for RBI forwarding.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12275&Mode=0"
  },
  {
   "question": "How do we handle the DTL shortfall for periods before March 31, 2013?",
   "answer": "If the full DTL expense for the Special Reserve as at March 31, 2013 has not been charged to P&L, you may adjust the amount directly from reserves. This adjustment must be disclosed in the Notes to Accounts for FY 2013-14.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-619/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8913&Mode=0"
  },
  {
   "question": "How does 'beneficial ownership' in a trust affect NOF?",
   "answer": "If the NBFC is the beneficial owner of a trust (i.e., has power to make/influence decisions and receives benefits), and 50% or more of the trust's funds come from the NBFC, then investments made by that trust in group entities must be treated as direct investments for NOF deduction.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-554/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8826&Mode=0"
  },
  {
   "question": "How does a company register as an NOFHC?",
   "answer": "The company must first receive in-principle approval for setting up a commercial bank from RBI. Then it applies to DBOD, Central Office, Mumbai with required documents. The certificate of registration is issued by DNBS.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-558/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8830&Mode=0"
  },
  {
   "question": "How does a REIT exposure qualify for the 125% risk weight?",
   "answer": "If the REIT exposure qualifies as a capital market exposure under paragraph 95A of the Concentration Risk Management Directions, 2025, it will attract a 125% risk weight instead of the standard 100%.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13480&Mode=0"
  },
  {
   "question": "How does a repo rate cut affect loan EMIs?",
   "answer": "Most retail floating-rate loans are linked to an external benchmark (EBLR) tied to the repo rate. When the RBI cuts, these loans reset lower at the next reset date, easing EMIs; deposit rates typically soften with a lag.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How does inflation affect the repo rate?",
   "answer": "When CPI inflation runs above the 4% target (or threatens to breach the 6% upper band), the RBI's MPC tends to raise the repo rate to cool demand; when inflation falls comfortably within the band, the MPC has room to hold or cut rates to support growth. So the CPI print is the single most important input into RBI rate decisions.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How does interest subvention work for banks?",
   "answer": "Interest subvention covers the difference between the bank's lending rate and 7% on loans up to ₹300,000 per SHG. In 250 identified districts, banks lend at 7% and are subvented up to 5.5% difference; in other districts, SRLMs subvent the difference directly into loan accounts on prompt repayment.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11967&Mode=0"
  },
  {
   "question": "How does RBI define a 'group of connected counterparties'?",
   "answer": "Two or more persons are connected if one controls the other (e.g., >50% voting rights) or they are economically interdependent, such as when 50%+ of revenue comes from transactions with each other or they share a common funding source.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12298&Mode=0"
  },
  {
   "question": "How does RBI enforce payment-system compliance?",
   "answer": "Breaches of payment-system or customer-protection directions can lead to supervisory action and monetary penalties under the Payment and Settlement Systems Act and the Banking Regulation Act. The penalty tracker records such actions with official source links.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How does the additional 3% subvention for prompt-paying farmers work?",
   "answer": "Farmers who repay their crop loan within one year from disbursement or by the due date (whichever is earlier) get an additional 3% subvention, reducing their effective interest rate to 4% p.a. This benefit is lost if repayment exceeds one year.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-398/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8617&Mode=0"
  },
  {
   "question": "How does the amendment affect clearing member banks for QCCPs?",
   "answer": "Clearing member banks must apply a 2% risk weight to trade exposure to QCCPs for their own purposes. Where the bank offers clearing services to clients and is obligated to reimburse clients for losses if the QCCP defaults, the 2% risk weight also applies. However, if the bank is not obligated to reimburse clients for such losses, no capital is required for that trade exposure, provided the bank obtains and maintains an independent, written, and reasoned legal opinion that it is protected from any such liability.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-239/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13329&Mode=0"
  },
  {
   "question": "How does the concessional swap facility work?",
   "answer": "Banks can swap USD-equivalent borrowings into rupees at 100 bps below the market rate for tenors of 1-3 years. The rate resets annually at 100 bps below the prevailing market rate. The facility is available until November 30, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-240/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8395&Mode=0"
  },
  {
   "question": "How does the external benchmark affect borrowers?",
   "answer": "Linking floating lending rates to an external benchmark makes rate transmission faster and more transparent, so policy-rate changes flow through to EMIs more predictably than under older internal-benchmark regimes.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How does the monthly re-computation option work?",
   "answer": "Banks can compute overall export credit limits monthly based on current assets, liabilities, and exchange rates, then re-allocate the FC component per their policy, which may increase or decrease the INR equivalent of FC credit.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-291/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8460&Mode=0"
  },
  {
   "question": "How does the new direction change fraud reporting?",
   "answer": "The directions mandate timely reporting of fraud incidents to law enforcement agencies and RBI, with specific modalities for reporting. They also require closure of fraud cases reported to RBI, and introduce clear definitions for 'Date of Occurrence', 'Date of Detection', and 'Date of Classification' of fraud.",
   "page": "https://bankpulse.ai/c/rbi-dos-2024-25-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12704&Mode=0"
  },
  {
   "question": "How does the new proviso on intraday limits to non-debt mutual funds affect banks?",
   "answer": "Banks can extend intraday limits to non-debt mutual funds only to the extent of guaranteed receivables due on the same day from specific sources like maturity proceeds of government securities, T-Bills, SDLs, or TREPS from CCIL, providing a limited exemption.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-255/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13347&Mode=0"
  },
  {
   "question": "How does the RBI impose monetary penalties on banks (the enforcement process)?",
   "answer": "The Reserve Bank follows a defined, quasi-judicial process before levying a monetary penalty. It usually begins with supervisory findings — from an inspection, statutory audit, a market-intelligence input or a self-reported breach — that suggest a regulated entity has not complied with RBI directions or a statutory provision. The RBI's Enforcement Department then issues a show-cause notice setting out the alleged contraventions, to which the entity may reply in writing and seek a personal hearing. After considering the reply and hearing, and only where the charge of non-compliance is sustained, the RBI passes an order imposing a penalty under the relevant statute — such as Section 47A of the Banking Regulation Act, 1949, the RBI Act, 1934 or the Payment and Settlement Systems Act, 2007. Each order is published as a press release on rbi.org.in, and the RBI states that the penalty rests on a deficiency in regulatory compliance and is not a judgment on any customer transaction. BankPulse tracks every disclosed order on its penalty dashboard, each linked to the official RBI release. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How does the revised carrying cost definition affect zero-coupon instruments?",
   "answer": "Carrying cost for zero-coupon instruments like T-bills and CDs must now be adjusted for discount accrued using the effective interest rate method or the rate at acquisition, ensuring consistent valuation.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-34/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13391&Mode=0"
  },
  {
   "question": "How does the scheme benefit farmers storing produce in warehouses?",
   "answer": "Small and marginal farmers can get interest subvention for up to six months post-harvest on negotiable warehouse receipts from WDRA-accredited warehouses, at the same rate as crop loans.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-59/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12717&Mode=0"
  },
  {
   "question": "How does the scheme help farmers affected by natural calamities?",
   "answer": "For restructured loans due to natural calamities, banks get 2% interest subvention for the first year only. For severe natural calamities, subvention is available for first three years/entire period up to five years as decided by a High Level Committee. Normal rates apply from the second year onward in non-severe cases.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12302&Mode=0"
  },
  {
   "question": "How does the subsidy change for special focus areas?",
   "answer": "For North Eastern states, J&K, and Ladakh, the subsidy increases from 75% to 90% of total device cost for installations from October 1, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12584&Mode=0"
  },
  {
   "question": "How does the Voluntary Retention Route change affect FPIs?",
   "answer": "From April 1, 2026, all VRR investments are subject to General Route limits, meaning they count against the same caps as other FPI debt investments.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13366&Mode=0"
  },
  {
   "question": "How does the VRR auction impact banks and financial institutions?",
   "answer": "The VRR auction provides banks and financial institutions with an opportunity to borrow funds at a competitive rate, supporting their lending activities and maintaining liquidity buffers.",
   "page": "https://bankpulse.ai/c/rbi-doc-62949/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62949"
  },
  {
   "question": "How does the WACR relate to the repo rate?",
   "answer": "The RBI tries to keep the WACR aligned with the repo rate. When banking-system liquidity is in surplus, the WACR tends to drift toward the SDF floor; when liquidity is tight, it moves up toward the repo or MSF. The RBI uses repos, reverse repos, VRR/VRRR auctions and OMOs to nudge the WACR back toward the repo rate.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How does this affect Adjusted Net Bank Credit (ANBC) computation?",
   "answer": "The outstanding deposits under these funds as of the preceding March 31 will form part of ANBC, as per the amendment to the master circular on ANBC computation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-591/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8877&Mode=0"
  },
  {
   "question": "How does this affect bank lending to NBFCs?",
   "answer": "Bank loans to NBFCs (excluding HFCs and priority sector loans) with an existing risk weight below 100% now attract an additional 25 percentage points, increasing capital requirements for such exposures.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12567&Mode=0"
  },
  {
   "question": "How does this affect capital calculation for existing commitments?",
   "answer": "Existing commitments must be re-evaluated under the new rules from the effective date, with capital maintained at 125% risk weight on the capital market exposure amount.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-213/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13295&Mode=0"
  },
  {
   "question": "How does this affect customers with overdue deposits?",
   "answer": "Customers will now receive interest at the lower of the savings account rate or their original contracted rate, which could be lower than the previous savings-only rate if their contracted rate is below savings rate.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12125&Mode=0"
  },
  {
   "question": "How does this affect my bank's lending rates?",
   "answer": "Banks may increase their lending rates as their cost of funds rises, impacting floating-rate loans and new borrowings.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-278/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8440&Mode=0"
  },
  {
   "question": "How does this affect my bank's SLR compliance?",
   "answer": "The relaxation means you can temporarily use SLR securities for MSF borrowing up to 3% of NDTL without penalty, but you must maintain the overall SLR requirement after the facility ends.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12142&Mode=0"
  },
  {
   "question": "How does this affect other banks?",
   "answer": "Other banks should review their interbank exposures and ensure compliance with RBI norms for dealing with non-scheduled banks, as the status change may impact settlement and credit risk.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-14/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12659&Mode=0"
  },
  {
   "question": "How does this affect penal interest rates on reserve shortfalls?",
   "answer": "Penal rates linked to the Bank Rate increased: the lower rate went from 11.75% to 12.00%, and the higher rate from 13.75% to 14.00%, effective January 28, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-475/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8723&Mode=0"
  },
  {
   "question": "How does this affect priority sector lending calculations?",
   "answer": "Advances made in India against these exempt deposits are excluded from Adjusted Net Bank Credit (ANBC), reducing the base for priority sector targets.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-184/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8309&Mode=0"
  },
  {
   "question": "How does this affect the Standing Liquidity Facility for Primary Dealers?",
   "answer": "The SLF for Primary Dealers is now priced at the revised repo rate of 5.40%, making collateralised liquidity support more expensive.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12370&Mode=0"
  },
  {
   "question": "How does this benefit MSME lending?",
   "answer": "GST return data provides real-time, transaction-level cash flow visibility, enabling lenders to assess creditworthiness based on actual business activity rather than just collateral or audited financials.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-140/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12412&Mode=0"
  },
  {
   "question": "How does this change affect penal interest on reserve shortfalls?",
   "answer": "Penal interest rates linked to the Bank Rate have been revised: for shortfalls, the rate is now Bank Rate plus 3.0 percentage points (12.50%) or plus 5.0 percentage points (14.50%), down from the previous 13.25% and 15.25%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-282/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8446&Mode=0"
  },
  {
   "question": "How does this change affect penal interest rates on reserve shortfalls?",
   "answer": "Penal rates linked to the Bank Rate are revised: the lower tier (Bank Rate plus 3%) moves to 9.50%, and the higher tier (Bank Rate plus 5%) moves to 11.50%.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-148/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12420&Mode=0"
  },
  {
   "question": "How does this change affect the Standing Liquidity Facility for Primary Dealers?",
   "answer": "The SLF, which is collateralised liquidity support from the RBI, will now be available at the revised repo rate of 6.25% instead of the earlier 5.90%.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-149/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12421&Mode=0"
  },
  {
   "question": "How does this change impact penal interest rates on reserve shortfalls?",
   "answer": "Penal rates linked to the Bank Rate have risen: the lower rate is now 9.15% (Bank Rate + 3%) and the higher rate is 11.15% (Bank Rate + 5%).",
   "page": "https://bankpulse.ai/c/rbi-2022-23-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12394&Mode=0"
  },
  {
   "question": "How does this change relate to the repo rate?",
   "answer": "The MSF rate is now recalibrated to 100 basis points above the policy repo rate under the LAF.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-340/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8534&Mode=0"
  },
  {
   "question": "How does this circular affect priority sector lending for housing?",
   "answer": "It reaffirms that housing finance to specified categories up to prescribed limits qualifies as priority sector lending, consistent with earlier instructions. No new limits or categories have been added.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12655&Mode=0"
  },
  {
   "question": "How fast is UPI growing?",
   "answer": "In May 2026 UPI transaction volume was up about 24% year-on-year and value about 19% year-on-year, with a roughly 4% month-on-month rise in volume per NPCI data.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How have real estate exposure limits changed for UCBs?",
   "answer": "Aggregate housing loans (non-priority sector) are capped at 25% of total loans, and other real estate exposure at 5%. Individual housing loan limits are tiered: ₹60 lakh for Tier 1, ₹1.40 crore for Tier 2, ₹2 crore for Tier 3, and ₹3 crore for Tier 4 UCBs.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12785&Mode=0"
  },
  {
   "question": "How have the SDF and MSF rates changed?",
   "answer": "The SDF rate is now 5.65% and the MSF rate is 6.15%, both effective immediately.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12391&Mode=0"
  },
  {
   "question": "How healthy is India's banking system?",
   "answer": "On BankPulse's composite index India's scheduled commercial banks score 86/100 (Resilient). Capital adequacy (CRAR) is 16.7%, gross NPAs are at a multi-decade low of 2.6%, net NPAs 0.6%, and return on assets is 1.4% — per the RBI Financial Stability Report, December 2024.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is 'adjusted PAT' calculated for dividend eligibility?",
   "answer": "Adjusted PAT is the PAT of the financial year minus 50% of the net NPAs as on March 31 of that year. This ensures dividends are paid only after accounting for credit risk.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-388/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13321&Mode=0"
  },
  {
   "question": "How is 'Control' defined for Acquisition Finance purposes?",
   "answer": "Control has the same meaning as defined in Section 2(27) of the Companies Act, 2013, which typically refers to the ability to appoint majority directors or control management decisions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-254/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13346&Mode=0"
  },
  {
   "question": "How is 'natural hedge' defined under the new Directions?",
   "answer": "Natural hedge arises when cash flows from operations offset foreign currency exposure risk, provided the offsetting exposure matures or generates cash flow within the same accounting year.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-131/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12402&Mode=0"
  },
  {
   "question": "How is 'Related Party' defined under the new amendment?",
   "answer": "It includes a related person or entities where that person is a partner, manager, KMP, director, promoter, or shareholder with >10% equity, or controls >20% voting rights, or can nominate a director, or is a guarantor, trustee, etc. It also covers subsidiaries, parent, holding, associate, or joint venture of the related person.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-179/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13255&Mode=0"
  },
  {
   "question": "How is a 'doubtful asset' defined under the new directions?",
   "answer": "A doubtful asset is one that has remained in the substandard category for a period of twelve months.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-286/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13019&Mode=0"
  },
  {
   "question": "How is a 'natural calamity' defined for these directions?",
   "answer": "It means an event recognized under the National Disaster Response Fund (NDRF) or State Disaster Response Fund (SDRF).",
   "page": "https://bankpulse.ai/c/rbi-2026-27-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13412&Mode=0"
  },
  {
   "question": "How is adjusted PAT calculated under the new Directions?",
   "answer": "Adjusted PAT is the reported profit after tax for the financial year minus 50% of the net non-performing assets as on March 31 of that year. This reduces the profit available for dividend distribution.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-387/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13319&Mode=0"
  },
  {
   "question": "How is coin distribution incentive calculated for rural areas?",
   "answer": "You get ₹65 per bag for coin distribution, plus an additional ₹10 per bag for rural and semi-urban areas, provided a Concurrent Auditor certificate is submitted.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12269&Mode=0"
  },
  {
   "question": "How is Commercial Real Estate – Residential Housing (CRE-RH) defined?",
   "answer": "CRE-RH includes loans to builders/developers for residential housing projects, excluding captive consumption. If commercial space exceeds 10% of total FSI, the entire loan is classified as CRE (not CRE-RH).",
   "page": "https://bankpulse.ai/c/rbi-2022-23-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12329&Mode=0"
  },
  {
   "question": "How is CRR different from SLR?",
   "answer": "CRR must be held as cash with the RBI and earns no interest, while the Statutory Liquidity Ratio (SLR) is held by the bank itself in approved liquid assets such as government securities, which do earn a return. Both are computed on net demand and time liabilities.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is external debt different from the fiscal deficit?",
   "answer": "External debt is money owed to lenders abroad, regardless of who borrowed it - government, banks or companies. The fiscal deficit and government debt are about the central and state governments' own borrowing, most of which is from domestic lenders in rupees. A country can run a large government debt that is mostly internal and still have modest external debt, which is broadly India's position.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is government debt different from the fiscal deficit?",
   "answer": "The fiscal deficit is a flow — the gap between spending and non-borrowed receipts in a single year. Government debt is the stock — the cumulative outstanding borrowing built up over many years of deficits. Each year's deficit adds to the debt. So the deficit tells you how fast borrowing is growing this year, while the debt-to-GDP ratio tells you the total burden relative to the size of the economy.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is interest calculated on claims from the DEAF Fund?",
   "answer": "Interest on claims accrues only from the date the deposit was transferred to the Fund until the date of payment to the customer, and only for interest-bearing deposits. No interest is payable on non-interest-bearing amounts.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-656/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8958&Mode=0"
  },
  {
   "question": "How is KYC simplified for transactions with RDG account holders?",
   "answer": "PDs shall rely on the KYC verification done under the Retail Direct Scheme. No additional KYC is required for transacting with RDG account holders on the RFQ segment of NDS-OM, as per Rule 9 of the Prevention of Money-Laundering Rules.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-147/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12216&Mode=0"
  },
  {
   "question": "How is late submission fee calculated for delayed reporting?",
   "answer": "For delayed Form GRN Invocation, the fee is based on the liability amount created on invocation. For delayed Form GRN Issue or Modification, the amount is considered nil, so no late fee applies.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-02/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13358&Mode=0"
  },
  {
   "question": "How is NIM calculated here?",
   "answer": "BankPulse shows NIM as net interest income divided by average interest-earning assets, at the scheduled-commercial-bank system level, with an illustrative public- versus private-sector split, by fiscal year. The figures are compiled from RBI's Report on Trend and Progress of Banking in India and Financial Stability Report and from bank financial disclosures, and are rounded and approximate. Exact NIM depends on the asset base used (some banks report on total assets rather than earning assets) and the period, so treat these as direction and rough magnitude rather than a precise figure for any single bank.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is PCR calculated here?",
   "answer": "BankPulse shows PCR as provisions held against non-performing assets divided by gross NPAs, at the scheduled-commercial-bank system level, with an illustrative public- versus private-sector split, by fiscal year. The figures are compiled from RBI's Financial Stability Report and Report on Trend and Progress of Banking in India and are rounded and approximate. PCR is sometimes quoted with technical write-offs included, which raises the number, so treat these as direction and rough magnitude rather than a precise figure for any single bank.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is penal interest calculated for delayed reporting?",
   "answer": "Penal interest is levied on T+0 basis, meaning from the same business day the transaction was due, at the rate specified in the direction, until the correct report is filed.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12270&Mode=0"
  },
  {
   "question": "How is provisioning calculated for AIF investments that go to a debtor company?",
   "answer": "Provisioning is required only to the extent of the RE's investment in the AIF scheme that is further invested by the AIF in the debtor company, not on the entire investment in the AIF scheme.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-140/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12639&Mode=0"
  },
  {
   "question": "How is SLR different from CRR?",
   "answer": "SLR is held by the bank itself in approved liquid assets such as government securities, which earn a return, while the Cash Reserve Ratio (CRR) must be parked as cash with the RBI and earns no interest. Both are computed on net demand and time liabilities.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is the BankPulse bank health score calculated?",
   "answer": "It is a weighted blend of five RBI-published prudential pillars: capital adequacy/CRAR (25%), asset quality/GNPA (25%), profitability/RoA (20%), provisioning coverage/PCR (15%) and liquidity/LCR (15%). Each pillar is normalised to a 0-100 sub-score and weighted to a single composite. It is an indicative analytical index, not a regulatory rating.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is the cost-to-income ratio calculated?",
   "answer": "Cost-to-income ratio = operating expenses / (net interest income + other income), expressed as a percentage. Operating expenses are the bank's running costs -- employee costs, rent, technology, depreciation and other overheads -- but exclude provisions for bad loans and tax. Net interest income is interest earned on loans and investments minus interest paid on deposits and borrowings; other income covers fees, commissions and treasury/forex gains. Because the exact definition of operating expenses and other income can differ slightly across banks and reports, the system-wide figures shown here are rounded and approximate.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is the current account deficit financed?",
   "answer": "A current account deficit is funded by net inflows on the capital and financial account - foreign direct investment (FDI), foreign portfolio investment (FPI), external commercial borrowings and NRI deposits. When these inflows exceed the CAD, the balance of payments is in surplus and the RBI adds to forex reserves; when they fall short, reserves are drawn down and the rupee tends to weaken.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is the data verified?",
   "answer": "Figures are entered by hand from the official RBI source — never scraped or copied verbatim — and each metric is mapped to its RBI definition and, where relevant, its regulatory floor. The methodology is independently reviewed by Vikram Jain.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is the deposit size determined for categorization?",
   "answer": "Deposit size is based on the audited balance sheet as of March 31 of the immediate preceding financial year.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-144/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12416&Mode=0"
  },
  {
   "question": "How is the dividend adjustment calculated for quarterly profit inclusion?",
   "answer": "Eligible profit for quarter 't' is net profit up to that quarter minus 0.25 times the average dividend paid over the last three financial years.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-228/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13313&Mode=0"
  },
  {
   "question": "How is the dividend adjustment calculated?",
   "answer": "Take the average dividend paid over the last three financial years and multiply it by 25%; subtract this amount from the net profit of the quarter.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-226/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13311&Mode=0"
  },
  {
   "question": "How is the eligible limit calculated for past performance hedging?",
   "answer": "The eligible limit is the higher of the average of the previous three financial years' import turnover or the previous year's actual import turnover.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-613/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8906&Mode=0"
  },
  {
   "question": "How is the exit price determined for unlisted equity shares under the new rules?",
   "answer": "For unlisted companies, the exit price for equity shares must not exceed the value arrived at based on Return on Equity (RoE) as per the latest audited balance sheet. RoE is defined as Profit After Tax divided by Net Worth (paid-up capital plus free reserves).",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-436/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8682&Mode=0"
  },
  {
   "question": "How is the G-sec limit split between General and Long-term sub-categories?",
   "answer": "The incremental changes in the G-sec limit are allocated equally at 50:50 between the General and Long-term sub-categories for FY 2022-23.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12295&Mode=0"
  },
  {
   "question": "How is the incremental CRR calculated?",
   "answer": "It is 10% of the increase in NDTL between May 19, 2023 and July 28, 2023, maintained as an additional average daily balance over the existing CRR requirement.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12526&Mode=0"
  },
  {
   "question": "How is the incremental G-sec limit allocated between sub-categories?",
   "answer": "The allocation remains at 50:50 between the General and Long-term sub-categories for FY 2021-22.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12102&Mode=0"
  },
  {
   "question": "How is the individual loan pricing cap calculated?",
   "answer": "The cap is the lower of 2.75 times the average base rate of the five largest commercial banks by assets (as advised by RBI) or the MFI's cost of funds plus the applicable margin cap.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-515/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8767&Mode=0"
  },
  {
   "question": "How is the industry-level DQI benchmark calculated?",
   "answer": "CICs compute industry-level DQIs as weighted averages of CI-level scores by category (e.g., Public Sector Banks, NBFCs) monthly. A half-yearly benchmark is the rolling average of the preceding six months' industry scores.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12537&Mode=0"
  },
  {
   "question": "How is the likely loss calculated for UFCE?",
   "answer": "The loss is estimated by applying the largest annual USD-INR volatility observed in the last ten years to the UFCE amount, assuming adverse movement.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-448/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8694&Mode=0"
  },
  {
   "question": "How is the new interest rate cap calculated?",
   "answer": "The cap is the lower of: (i) your cost of funds plus margin as per earlier RBI circulars, or (ii) 2.75 times the average base rate of the five largest commercial banks. RBI will announce that average base rate quarterly.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-482/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8734&Mode=0"
  },
  {
   "question": "How is the real deposit rate calculated here?",
   "answer": "BankPulse computes the real deposit rate as a representative nominal 1-year retail term-deposit rate of scheduled commercial banks (from RBI deposit-rate data) minus average CPI-Combined inflation for the fiscal year (from MOSPI / RBI). Both inputs are rounded and approximate and the actual rate a saver earns depends on the bank, the deposit tenor, senior-citizen premia and the exact inflation measure. The series is meant to show the direction and rough magnitude of the real return, not a precise rate for any single product.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is the repayment threshold calculated when a loan is taken over by another NBFC?",
   "answer": "Any additional debt sanctioned as part of a takeover or otherwise must be clubbed with previous loans against the project assets or cash flows to determine the repayment threshold. This ensures continuity in assessing the borrower's repayment progress.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-168/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13244&Mode=0"
  },
  {
   "question": "How is the third lot of gold import calculated under the 20:80 scheme?",
   "answer": "The third lot import quantity is the lesser of five times the export proof submitted or the quantity of gold permitted in the first or second lot.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-493/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8745&Mode=0"
  },
  {
   "question": "How is the total guarantee volume limit calculated?",
   "answer": "Total outstanding guarantees must not exceed 10% of the bank's total owned resources, which include paid-up capital, reserves, and deposits.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12272&Mode=0"
  },
  {
   "question": "How is the trade balance different from the current account?",
   "answer": "The merchandise trade balance covers only goods. The current account is broader - it adds trade in services (where India runs a large surplus from software and IT/BPO exports), remittances from Indians abroad, and primary income. India's big goods trade deficit is substantially offset by its services surplus and remittances, so the current account deficit is much smaller than the goods deficit alone.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How is Tier 1 capital determined for concentration norms under the amendment?",
   "answer": "Tier 1 capital must be based on the MGC's latest available financial statements, either audited or subject to limited review, as defined in the Master Direction.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-230/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13315&Mode=0"
  },
  {
   "question": "How large are India's total bank deposits?",
   "answer": "Aggregate deposits of scheduled commercial banks are of the order of Rs 225 lakh crore (approximate recent level). Deposits grow broadly in line with nominal income and money supply; the exact, latest figure is published every fortnight in the RBI's Weekly Statistical Supplement.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How long are the updated district lists valid?",
   "answer": "The revised lists are valid until FY2026-27, after which RBI will review them again.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12694&Mode=0"
  },
  {
   "question": "How long are these revised rates valid?",
   "answer": "These instructions are valid up to November 30, 2013, subject to review by RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-195/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8336&Mode=0"
  },
  {
   "question": "How long can a gold loan run, and what happens at maturity?",
   "answer": "Tenure is set by the lender within RBI’s conduct framework, with bullet-repayment loans typically short-tenor. At maturity the borrower repays or renews; on default the lender must give notice and may auction the gold under transparent rules — with a reserve price and any surplus, after dues, returned to the borrower.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How long does the CRR exemption last for each eligible loan?",
   "answer": "The exemption is available for a period of one year from the date of origination of the loan or the tenure of the loan, whichever is earlier.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12022&Mode=0"
  },
  {
   "question": "How long does the CRR/SLR exemption last for a qualifying deposit?",
   "answer": "The exemption applies for the entire period the original deposit remains in the bank's books, provided the deposit was raised on or before November 4, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12351&Mode=0"
  },
  {
   "question": "How long does the exemption last?",
   "answer": "The exemption applies to investments made between July 8 and October 31, 2022, and remains in effect until the maturity or sale of those investments, whichever is earlier.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12355&Mode=0"
  },
  {
   "question": "How long will this deregulation be in effect?",
   "answer": "The instructions are valid up to November 30, 2013, and are subject to review by RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-197/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8338&Mode=0"
  },
  {
   "question": "How many ATMs are there in India?",
   "answer": "India has roughly 2.6 lakh (about 260,000) ATMs, counting both on-site machines at branches and off-site machines. ATM growth has slowed in recent years as UPI and other digital payments reduce cash withdrawals, though ATMs remain important for rural and semi-urban cash access.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How many bank branches are there in India?",
   "answer": "India has roughly 1.6 lakh (about 160,000) functioning offices of scheduled commercial banks, spread across rural, semi-urban, urban and metropolitan centres. The exact, latest figure is published in the RBI's DBIE branch-banking statistics. The network has expanded steadily, helped by financial-inclusion drives such as PMJDY.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How many bank fraud cases were reported in India in FY25?",
   "answer": "Banks in India reported about 23,953 fraud cases in FY25 (2024-25), down roughly 34% from the 36,075 cases reported in FY24, according to RBI Annual Report data. Even though the number of cases fell, the total amount involved nearly tripled to about Rs 36,014 crore. These are frauds reported by banks; the year a fraud is reported can differ from the year it actually occurred, and the figures are rounded, approximate and revised.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How many days do we have to submit the new Form A return?",
   "answer": "The submission deadline is reduced to 5 days from the end of each fortnight, down from the previous 20 days.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-150/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13226&Mode=0"
  },
  {
   "question": "How many districts are now classified as LWE-affected?",
   "answer": "The list has been reduced from 90 to 70 districts.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12379&Mode=0"
  },
  {
   "question": "How many individuals are added and what are their names?",
   "answer": "Seven individuals are added: Hafiz Talha Saeed, Mohiuddin Aurangzeb Alamgir, Ali Kashif Jan, Mushtaq Ahmed Zargar, Ashiq Ahmed Nengroo, Sheikh Sajad, and Arjumand Gulzar Dar.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12343&Mode=0"
  },
  {
   "question": "How many KYC / AML documents does BankPulse track?",
   "answer": "BankPulse currently tracks 434 RBI documents touching KYC, AML, customer due diligence and related anti-money-laundering themes, and rebuilds this page automatically as new circulars are mapped. The amendment timeline below shows the most recent ones, newest first.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How many RBI documents does the crosswalk cover?",
   "answer": "It currently maps 5469 RBI documents into 13 Master Direction families, anchored by 172 consolidated Master Directions and Master Circulars, and is rebuilt automatically as new RBI notifications are tracked.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How many RBI penalties have there been this financial year?",
   "answer": "So far in FY2026-27 (the Indian financial year runs 1 April to 31 March), the RBI has imposed 6 tracked monetary penalties (no penalty amount disclosed yet). This count updates automatically as new RBI penalty press releases are published, and the same per-financial-year figures are in the by_financial_year field of the penalties JSON feed.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How many terms does the glossary cover?",
   "answer": "The glossary currently defines 178 core terms and is expanded over time as more RBI concepts are added.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How many UPI transactions happen in India per month?",
   "answer": "UPI processed about 23.2 billion transactions in May 2026, a record high, worth roughly Rs 29.9 lakh crore (about Rs 29.9 trillion). That works out to an average of about 738 million transactions every day.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How may this impact banks' lending strategies?",
   "answer": "Banks may need to adjust their lending strategies due to the tightening of liquidity in the money market.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-148/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62942"
  },
  {
   "question": "How much did India's GDP fall during COVID-19?",
   "answer": "India's real GDP contracted by roughly 5.8% in fiscal year 2020-21 (April 2020 to March 2021), the year of the COVID-19 lockdowns — the first full-year contraction in decades. It rebounded by about 9.7% the following year off that low base, and has grown in the mid-single to high-single digits since. The exact figures are revised periodically by MOSPI.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How much do Indian states borrow through SDLs?",
   "answer": "Gross SDL issuance by all states combined has grown to roughly Rs 11 lakh crore in FY2024-25, up from about Rs 6.3 lakh crore in FY2019-20, with a step-up to around Rs 10 lakh crore in FY2023-24. The exact figure varies year to year with states' fiscal deficits and is revised periodically. These numbers are approximate and rounded.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How much GST does India collect?",
   "answer": "India's gross GST collection was about Rs 22 lakh crore in FY2024-25 (provisional), up from roughly Rs 20.2 lakh crore in FY2023-24 and around Rs 11.8 lakh crore in the first full year, FY2018-19. Monthly gross collections now average roughly Rs 1.8 lakh crore. These figures cover CGST, SGST, IGST and cess combined, are rounded and approximate, and recent years are provisional and revised.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How much has the all-in-cost ceiling increased for new FCY ECBs?",
   "answer": "The all-in-cost ceiling for new FCY ECBs has been increased by 50 basis points to 500 bps over the benchmark rate.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12204&Mode=0"
  },
  {
   "question": "How much notice must a DCCB give customers before closing a branch?",
   "answer": "The bank must give two months' advance notice to all existing depositors/clients through a press release in local leading newspapers and also communicate individually to each constituent well in advance of closure.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12559&Mode=0"
  },
  {
   "question": "How much of the competitive bids were accepted?",
   "answer": "Competitive bids of ₹11,400.000 cr (91‑day), ₹5,700.000 cr (182‑day) and ₹5,700.000 cr (364‑day) were accepted, representing partial allotments of 9.5800%, 19.0500% and 11.6667% of the total bids respectively.",
   "page": "https://bankpulse.ai/c/rbi-doc-62953/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62953"
  },
  {
   "question": "How must the pledged gold be valued and auctioned on default?",
   "answer": "Lenders must value gold on a standardised, documented basis (purity/assay against a reference rate), and on default follow transparent auction rules: prior borrower notice, a reserve price, and return of any surplus after recovering dues. The full procedure is set out in the applicable circular.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How often are the dashboards updated?",
   "answer": "The dashboards are auto-refreshed as new RBI data is published, and each page carries a 'last updated' timestamp so you can see how current the numbers are.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How often can a bank avail this swap facility?",
   "answer": "A bank can avail the swap facility only once in a week, with the eligible amount based on deposits mobilized in preceding weeks not yet swapped.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13468&Mode=0"
  },
  {
   "question": "How often do these updates occur?",
   "answer": "Updates are issued periodically by the UN Committee. Banks must monitor RBI circulars and the UN website for the latest changes.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-208/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8354&Mode=0"
  },
  {
   "question": "How often do we need to update branch details?",
   "answer": "Quarterly updates are required within 10 days of the end of each calendar quarter (March 31, June 30, September 30, December 31).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-219/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8368&Mode=0"
  },
  {
   "question": "How often does RBI update this list for NBFCs?",
   "answer": "RBI issues circulars whenever the UN 1988 Committee updates the list. The previous circular was dated November 22, 2012. NBFCs must check the UN website for the latest version.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-310/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8488&Mode=0"
  },
  {
   "question": "How often must a UCB's loan policy be reviewed as per this circular?",
   "answer": "The loan policy must be reviewed by the board at least once in a financial year to ensure alignment with regulations and risk appetite.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12827&Mode=0"
  },
  {
   "question": "How often must ARCs report default data to credit information companies?",
   "answer": "ARCs must submit the information on large defaulters and wilful defaulters to all CICs at monthly intervals.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-376/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12928&Mode=0"
  },
  {
   "question": "How often must bank boards review BC operations?",
   "answer": "Boards must review BC operations at least once every six months, covering prefunding, remuneration, and complaint redressal.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-570/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8848&Mode=0"
  },
  {
   "question": "How often must banks monitor compliance with these rules?",
   "answer": "Banks must monitor all accounts at least on a half-yearly basis to check exposure levels and their share, and implement any required changes within three months of monitoring.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12184&Mode=0"
  },
  {
   "question": "How often must banks report on green‑deposit usage?",
   "answer": "Banks are required to submit periodic disclosures as outlined in the directions, but the specific frequency is not detailed in the provided source text.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-203/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13106&Mode=0"
  },
  {
   "question": "How often must KYC be updated?",
   "answer": "Periodic updation is risk-based — high-risk customers are reviewed more frequently than low-risk ones — with defined cycles. The current periodicity is set out in the KYC master direction tracked below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How often must the compliance policy be reviewed?",
   "answer": "The Board-approved compliance policy must be reviewed at least once a year. Additionally, the quality assurance and improvement program for the compliance function must undergo an independent external review at least once every three years.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11962&Mode=0"
  },
  {
   "question": "How often must the IFR balance be assessed?",
   "answer": "The IFR balance must be assessed annually based on AFS and FVTPL (including HFT) portfolio values as of the balance sheet date.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13451&Mode=0"
  },
  {
   "question": "How often must UFCE data be audited?",
   "answer": "Quarterly self-certification is required (preferably internally audited), with annual statutory audit. Overseas branches/subsidiaries are initially exempt from statutory audit.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-620/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8914&Mode=0"
  },
  {
   "question": "How often must we check the DPRK sanctions list?",
   "answer": "The circular mandates daily verification of the UNSCR 1718 DPRK sanctions list on the MEA website to capture any additions, deletions, or modifications.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-19/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12073&Mode=0"
  },
  {
   "question": "How often must we check the sanctions list?",
   "answer": "RBI requires regulated entities to verify the UNSCR 1718 Sanctions List on the MEA website every day to stay updated on any modifications.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12359&Mode=0"
  },
  {
   "question": "How often should we check the list?",
   "answer": "RBI requires regulated entities to verify the UNSCR 1718 Sanctions List every day to account for any additions, deletions, or other changes.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-134/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12622&Mode=0"
  },
  {
   "question": "How often should we check the sanctions list?",
   "answer": "RBI requires daily verification of the UNSCR 1718 Sanctions List on the MEA website to stay updated on any modifications, including these amendments.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12364&Mode=0"
  },
  {
   "question": "How often should we update our sanctions list?",
   "answer": "RBI expects you to monitor UNSC updates continuously. This circular is a specific notification; you should regularly check the UNSC website for any changes and update your systems promptly.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-150/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12219&Mode=0"
  },
  {
   "question": "How quickly must a customer update a changed address?",
   "answer": "If the address on the submitted proof changes, the customer must provide fresh proof within six months. For a change in the correspondence address, the customer must inform the bank within two weeks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-634/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8931&Mode=0"
  },
  {
   "question": "How quickly must an issuing bank respond to a fraud complaint?",
   "answer": "The issuing bank must ascertain POS terminal compliance within 3 working days of the customer approaching them, and pay the disputed amount within 7 working days, or face a Rs.100 per day penalty from the 8th working day.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-296/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8469&Mode=0"
  },
  {
   "question": "How quickly must we act on these amendments?",
   "answer": "Immediately. The circular is dated January 11, 2024, and any delay in updating screening systems could result in non-compliance with UAPA and RBI guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12597&Mode=0"
  },
  {
   "question": "How quickly must we act on these updates?",
   "answer": "Immediately. The UNSC amendments took effect on May 27, 2022, and RBI expects regulated entities to apply them without delay to avoid sanctions.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-59/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12326&Mode=0"
  },
  {
   "question": "How quickly must we implement these changes?",
   "answer": "Immediately upon receipt of the circular. The UNSC list amendments are effective from March 12, 2025, and RBI expects real-time compliance.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12790&Mode=0"
  },
  {
   "question": "How reliable is the penalty theme classification?",
   "answer": "It is a keyword heuristic on the public RBI press-release headline, not the full order, so a penalty can touch more than one area and the theme is our best-effort label rather than an official RBI category. Always open the linked official RBI press release for the authoritative basis.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "How should a bank obtain ‘explicit consent’ from a customer?",
   "answer": "Explicit consent means a specific, informed and unambiguous indication of an individual’s choice, given through a duly recorded or documented statement or clear affirmative action, which indicates agreement to a specific action by or arrangement with an SFB.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13486&Mode=0"
  },
  {
   "question": "How should an AD bank recommend caution-listing now?",
   "answer": "The AD bank must recommend caution-listing to the RBI Regional Office if the exporter is not traceable, not making sincere efforts to realize export proceeds, or has come to the adverse notice of enforcement agencies like ED, CBI, or DRI.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11978&Mode=0"
  },
  {
   "question": "How should an RRB apply for internet banking approval?",
   "answer": "The RRB must submit an application to the concerned RBI Regional Office through NABARD, following the process in the November 19, 2015 circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12407&Mode=0"
  },
  {
   "question": "How should banks calculate aggregate exposure for monitoring current accounts?",
   "answer": "Banks can use data from CRILC, Credit Information Companies, NeSL, or customer declarations. Only exposures of Scheduled Commercial Banks and Payments Banks are included, not NBFCs or other institutions.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12007&Mode=0"
  },
  {
   "question": "How should banks calculate interest for claims made after May 11, 2021?",
   "answer": "Use 4% p.a. for the period up to June 30, 2018, 3.5% from July 1, 2018 to May 10, 2021, and 3% from May 11, 2021 until the date of payment.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12091&Mode=0"
  },
  {
   "question": "How should banks compute the capital market exposure?",
   "answer": "The exposure must be computed in terms of the Reserve Bank of India (Commercial Banks - Concentration Risk Management) Directions, 2025 read with the Reserve Bank of India (Commercial Banks – Credit Facilities) Directions, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-214/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13298&Mode=0"
  },
  {
   "question": "How should banks display NEFT charges to customers?",
   "answer": "A printed charges card showing applicable NEFT fees must be displayed at all branches and locations where NEFT transactions are conducted. The card should also be available in appropriate vernacular languages for agents and business correspondents.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-457/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8703&Mode=0"
  },
  {
   "question": "How should banks handle challans received after March 31, 2014?",
   "answer": "Challans pertaining to March 2014 must be segregated daily from April 1, 2014. Nodal branches must prepare separate main scrolls for March residual and April current transactions, ensuring no mixing.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-539/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8805&Mode=0"
  },
  {
   "question": "How should banks handle existing BDDR balances as on March 31, 2024?",
   "answer": "Banks must identify BDDR balances representing IRACP provisions created via profit appropriation. By March 31, 2025, these must be transferred to NPA provisions or general reserves below the line. After this, BDDR can be counted as Tier 1 capital but not netted from gross NPAs.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12716&Mode=0"
  },
  {
   "question": "How should banks handle interest subvention under DAY-NRLM?",
   "answer": "Banks must account for interest subvention as per scheme provisions, covering the difference between the lending rate and the subvented rate. Proper documentation and coordination with SRLMs are essential for claims.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-05/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12062&Mode=0"
  },
  {
   "question": "How should banks handle rejected data from CICs?",
   "answer": "Rejected records must be corrected and resubmitted before the next reporting reference date, alongside the regular submission.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13181&Mode=0"
  },
  {
   "question": "How should banks handle the multiple aliases for ISIL-Khorasan?",
   "answer": "Banks should ensure their screening systems can match all listed aliases (e.g., ISIS-K, IS-Khorasan) to prevent false negatives during transaction monitoring and customer due diligence.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12284&Mode=0"
  },
  {
   "question": "How should banks incorporate calamity impact?",
   "answer": "By factoring the possible impact of calamities into credit assessments as per paragraph 12A.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13413&Mode=0"
  },
  {
   "question": "How should banks process loan applications under DAY-NULM?",
   "answer": "Banks must accept applications sponsored by Urban Local Bodies through Community Organizers, focusing on urban poor individuals, groups, and SHGs for self-employment ventures.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12066&Mode=0"
  },
  {
   "question": "How should banks remit amounts to the DEAF account?",
   "answer": "All remittances must be made electronically through the E-Kuber portal using the 'DEAF Service' facility, crediting the designated account 'DEAF Account 161001006009' with RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-614/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8907&Mode=0"
  },
  {
   "question": "How should banks report counterfeit note detections to police?",
   "answer": "For up to 4 notes in a single transaction, send a consolidated monthly report. For 5 or more notes, report immediately to the nodal police station.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-02/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12053&Mode=0"
  },
  {
   "question": "How should banks report counterfeit note detections to the police?",
   "answer": "For up to four counterfeit pieces in a single transaction, a consolidated monthly report must be sent to the police. For larger numbers, immediate reporting is required as per the circular's annexures.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12273&Mode=0"
  },
  {
   "question": "How should banks report existing credit cards like Artisan Card under GCC?",
   "answer": "Banks must include all such cards catering to non-farm entrepreneurial credit needs under GCC reporting in FIPs, while consumption credit cards are reported separately.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-389/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8603&Mode=0"
  },
  {
   "question": "How should banks report progress to RBI?",
   "answer": "Banks must monitor progress quarterly at the Board or ACB level and report status via email within seven days of each quarter end, starting from the quarter ended September 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12130&Mode=0"
  },
  {
   "question": "How should banks report SDF balances for SLR?",
   "answer": "Banks must report SDF balances under 'Cash in hand' in Form VIII or Form I, as applicable, for SLR maintenance.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12289&Mode=0"
  },
  {
   "question": "How should banks report the ₹2000 note data?",
   "answer": "Banks must maintain daily data on the amount of ₹2000 notes exchanged and deposited in the format specified by RBI, and submit it when called for.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12506&Mode=0"
  },
  {
   "question": "How should banks report transactions on Sundays or holidays?",
   "answer": "If CyM-CC portal is available, report same day. If not (e.g., global holiday, 2nd/4th Saturday, Sunday), send denomination-wise consolidated deposit/withdrawal amount and chest closing balance by email to the concerned RBI Issue Office by 7 PM, and report on CyM the next working day.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2025-26-130/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12809&Mode=0"
  },
  {
   "question": "How should banks treat advances to partnership firms owned by minorities?",
   "answer": "If the majority of partners or beneficial ownership belongs to minority communities, such advances can be classified as minority community advances. However, advances to companies cannot be classified as such due to separate legal entity status.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12057&Mode=0"
  },
  {
   "question": "How should branches handle challans received after March 31 but dated March 2022?",
   "answer": "Receiving branches must pass these to Nodal/Focal Point branches using special courier. Nodal branches then prepare separate March residual scrolls (numbered sequentially) and report them via separate Daily Memos to Link Cell until April 11.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-176/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12248&Mode=0"
  },
  {
   "question": "How should chests report transactions on holidays when CyM-CC is unavailable?",
   "answer": "On global holidays, 2nd/4th Saturdays, or Sundays, chests must email denomination-wise consolidated deposit/withdrawal amounts and closing balance to the concerned RBI Issue Office by 7 PM, then report on CyM-CC the next working day.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2024-25-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12648&Mode=0"
  },
  {
   "question": "How should co-operative banks submit claims?",
   "answer": "Claims must be submitted half-yearly to SIDBI in the prescribed formats, and multiple lots per half-year are permitted.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11976&Mode=0"
  },
  {
   "question": "How should LABs apportion savings bank deposits for CRR/SLR?",
   "answer": "Banks must calculate the proportion of time and demand liabilities from savings deposits as at March 31 and September 30 each year, using the average of minimum balances for time liability, and apply that proportion for the next half-year's reporting fortnights.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-226/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13081&Mode=0"
  },
  {
   "question": "How should management fees be treated under the new rules?",
   "answer": "Management fees can be recognized on an accrual basis, but must be realized within 180 days from the end of the planning period or from recognition date. Unrealized fees must be reversed, and also reversed if SR NAV falls below 50% of face value before realization.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-571/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8849&Mode=0"
  },
  {
   "question": "How should March residual scrolls be labeled?",
   "answer": "Main scrolls for March 2021 transactions prepared from April 1 to April 10 must be distinctly marked as 'March Residual – 1', 'March Residual – 2', and so on, in consecutive order.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12040&Mode=0"
  },
  {
   "question": "How should my bank handle de-listing requests from customers?",
   "answer": "Any de-listing request received must be forwarded electronically to Joint Secretary (CTCR), Ministry of Home Affairs. Customers can also approach the UN Ombudsperson directly for delisting.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12728&Mode=0"
  },
  {
   "question": "How should nodal branches label March residual scrolls?",
   "answer": "Nodal branches must mark main scrolls for March residual transactions as 'March Residual – 1', 'March Residual – 2', and so on, in consecutive order, for each scroll sent from April 1 to April 10, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-184/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12460&Mode=0"
  },
  {
   "question": "How should reverse repos with non-banks be reported?",
   "answer": "All reverse repos with non-banks, regardless of tenor, should be reported under Item VI(a) as part of 'Bank Credit' (Loans, cash credits, and overdrafts).",
   "page": "https://bankpulse.ai/c/rbi-2023-24-68/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12548&Mode=0"
  },
  {
   "question": "How should RRBs apportion savings bank deposits for CRR/SLR?",
   "answer": "RRBs must calculate the average minimum balance per account over each half-year (ending March 31 and September 30) as the time liability portion, with the remainder as demand liability. This proportion applies for the next half-year's reporting fortnights.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-250/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13056&Mode=0"
  },
  {
   "question": "How should RRBs handle complaints about ATM transactions at other banks' ATMs?",
   "answer": "Customers must lodge complaints with the card-issuing RRB, even if the ATM belonged to another bank. RRBs must include all such complaints in their disclosures. If the issue can be attributed to the acquiring bank, a note may clarify this.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-269/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8432&Mode=0"
  },
  {
   "question": "How should savings bank deposits be split into demand and time liabilities?",
   "answer": "Banks must use the half-yearly average method: calculate the average minimum balance per account over each month of the half-year (ending September 30 and March 31) as the time liability portion; the remainder is demand liability. This proportion applies for the next half-year's fortnights.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12131&Mode=0"
  },
  {
   "question": "How should SPDs calculate Tier 1 capital for exposure norms?",
   "answer": "Use the latest available financial statements (audited or subject to limited review) and apply the definition of Tier 1 capital as per paragraph 9(6) of the Master Direction, which now includes quarterly profits under the specified conditions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-232/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13317&Mode=0"
  },
  {
   "question": "How should UCBs compute exposure limits under this circular?",
   "answer": "Tier-I capital as on March 31 of the preceding financial year is used for fixing exposure limits. Credit exposure includes both funded and non-funded limits, with the higher of sanctioned limit or outstanding to be reckoned.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-19/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12828&Mode=0"
  },
  {
   "question": "How should UCBs treat income recognition for NPAs?",
   "answer": "Income recognition must be objective and based on actual recovery records. Once an account becomes NPA, any income accrued but not realized must be reversed.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12283&Mode=0"
  },
  {
   "question": "How should UCBs value the Equity Warrants received?",
   "answer": "Equity Warrants are valued at ₹1 per warrant. No provisions are needed now. Upon conversion to equity shares, valuation will be based on market prices.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12338&Mode=0"
  },
  {
   "question": "How should we apportion savings bank deposits into demand and time liabilities?",
   "answer": "Calculate the average minimum balance per account over each month of the half-year (ending March 31 and September 30). Treat that average as the time liability portion; the remainder of the average actual balance is the demand liability. Use these proportions for all reporting fortnights in the next half-year.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-299/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13005&Mode=0"
  },
  {
   "question": "How should we classify margin money deposits with a lien in the balance sheet?",
   "answer": "RBI clarifies that lien-marked deposits should remain under Schedule 3: Deposits, not under 'Other Liabilities'. Ensure suitable disclosures are made in the notes to accounts.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-126/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12793&Mode=0"
  },
  {
   "question": "How should we handle a customer who claims to be wrongly listed?",
   "answer": "Per MHA instructions, forward any delisting request electronically to Joint Secretary (CTCR), MHA. Customers can also approach the UN Ombudsperson for delisting.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12044&Mode=0"
  },
  {
   "question": "How should we handle a delisting request from a customer?",
   "answer": "Forward the request electronically to Joint Secretary (CTCR), Ministry of Home Affairs. Alternatively, the individual/entity can approach the UN Ombudsperson directly via the UN website.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12035&Mode=0"
  },
  {
   "question": "How should we handle accounts of the delisted individuals?",
   "answer": "You must update your screening systems to remove these names from watchlists. Any accounts or assets frozen solely due to these entries should be unfrozen, subject to other legal obligations. Ensure compliance with RBI's KYC master direction.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12033&Mode=0"
  },
  {
   "question": "How should we handle customers who lost their ID documents in a calamity?",
   "answer": "You can open small accounts as per the KYC Directions, 2025, which have relaxed documentation requirements for such cases.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13410&Mode=0"
  },
  {
   "question": "How should we handle de-listing requests from customers?",
   "answer": "As per MHA instructions, any de-listing request received by a bank must be forwarded electronically to Joint Secretary (CTCR), MHA. Individuals can also submit requests directly to the UN Focal Point for Delisting (resolution 1730) or through their state of residence.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13406&Mode=0"
  },
  {
   "question": "How should we handle delisting requests from customers?",
   "answer": "Forward any delisting requests electronically to Joint Secretary (CTCR), Ministry of Home Affairs. Individuals can also approach the UN Ombudsperson directly via https://www.un.org/securitycouncil/ombudsperson/application.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12162&Mode=0"
  },
  {
   "question": "How should we handle excess payments caused by government errors?",
   "answer": "Take up the matter with the respective government department with full particulars, ensure a time-bound resolution, and keep the government authority's acknowledgment on record. Do not refer such cases to RBI.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12477&Mode=0"
  },
  {
   "question": "How should we handle excess pension payments caused by government errors?",
   "answer": "Take up the matter directly with the concerned government department with full particulars. Ensure a time-bound resolution and keep the government authority's acknowledgment on record. Do not refer such cases to RBI.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-08/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12059&Mode=0"
  },
  {
   "question": "How should we handle future UAPA Schedule amendments?",
   "answer": "You must take immediate note of any future MHA gazette notifications amending Schedule I or IV and ensure compliance without delay, following the same procedures as for this listing.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12621&Mode=0"
  },
  {
   "question": "How should we handle our own tax liabilities in commission claims?",
   "answer": "Your bank's own tax liabilities (e.g., TDS, corporation tax) paid through your branches or other agency banks must be separately indicated in the scroll and excluded from agency commission claims. You must also furnish a certificate confirming this exclusion.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12474&Mode=0"
  },
  {
   "question": "How should we implement these changes in our systems?",
   "answer": "Update your AML screening software with the amended entries from the UNSC press release SC/16188. Ensure that all aliases and identifiers (e.g., name variations, date of birth, nationality) are included for accurate matching.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12912&Mode=0"
  },
  {
   "question": "How should we pass on a dealer discount on a car loan?",
   "answer": "The discount must reduce the loan amount sanctioned, not the interest rate. For a moratorium, the repayment schedule should start after the moratorium period ends, without adjusting the rate.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-292/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8461&Mode=0"
  },
  {
   "question": "How should we recognise interest income on these bullet repayment loans?",
   "answer": "Interest income must be recognised in the profit and loss account only on collection, not on an accrual basis. This is a key deviation from standard accrual accounting.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-419/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8657&Mode=0"
  },
  {
   "question": "How should we report reverse repos with RBI under LAF?",
   "answer": "All reverse repos with RBI, including those under LAF, must be presented under sub-item (ii) 'In Other Accounts' of item (II) 'Balances with Reserve Bank of India' in Schedule 6.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12322&Mode=0"
  },
  {
   "question": "How should we treat exposures where the guarantee has a payout cap or first-loss clause?",
   "answer": "Zero risk weight applies only up to the maximum permissible claim. The residual exposure must be risk-weighted as per the counterparty's standard. For portfolio-level guarantees, the first-loss portion must be fully deducted from capital from April 1, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12384&Mode=0"
  },
  {
   "question": "How should we treat the DTL shortfall for Special Reserve created before March 31, 2013?",
   "answer": "If the DTL expense was not fully charged to Profit and Loss, you can adjust the shortfall directly from reserves. This adjustment must be disclosed in the Notes to Accounts for FY 2013-14.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-412/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8638&Mode=0"
  },
  {
   "question": "How should we value gold collateral under the new rules?",
   "answer": "Use the average of the closing price of 22-carat gold for the preceding 30 days as quoted by The Bombay Bullion Association Ltd. For gold of lower purity, convert to 22-carat equivalent and state the exact grams in writing to the borrower.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-260/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8418&Mode=0"
  },
  {
   "question": "How should we value gold jewellery of lower purity?",
   "answer": "Convert the jewellery to its 22-carat equivalent weight and then value it using the 30-day average closing price of 22-carat gold from IBJA.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-586/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8873&Mode=0"
  },
  {
   "question": "How should we value gold jewellery that is not 22 carats?",
   "answer": "You must convert the jewellery to its 22-carat equivalent weight and then value it using the IBJA 30-day average closing price. For example, 18-carat gold would be valued at 18/22 of the 22-carat price.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-453/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8701&Mode=0"
  },
  {
   "question": "How should we value government-guaranteed SRs after the guarantee period ends?",
   "answer": "Any SRs outstanding after the final settlement of the government guarantee or the expiry of the guarantee period, whichever is earlier, must be valued at ₹1. This applies to all such SRs held by you.",
   "page": "https://bankpulse.ai/c/rbi-dor-2024-25-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12804&Mode=0"
  },
  {
   "question": "How should we verify the sale requirement when buying from other FFMCs/ADs?",
   "answer": "When selling foreign currency to another FFMC or non-bank AD Category-II, you should ask for their data on sales to the public to ensure they meet the 75% threshold. Maintain records for audit.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12689&Mode=0"
  },
  {
   "question": "How to ensure compliance with explicit consent?",
   "answer": "Record a clear affirmative action or documented statement before any sale.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13488&Mode=0"
  },
  {
   "question": "How to handle EBID for unlisted companies without quarterly audited results?",
   "answer": "Use the latest audited quarterly or yearly results available. The yearly EBID must be at least from the last financial year.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-620/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8914&Mode=0"
  },
  {
   "question": "How will AD transfer requests work in EDPMS?",
   "answer": "Banks can raise AD transfer requests electronically within EDPMS when export documents are submitted to a different AD. The receiving bank must approve or disapprove within 7 days, eliminating paper NOCs.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-481/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8733&Mode=0"
  },
  {
   "question": "How will applicants know if their form is rejected?",
   "answer": "The AD bank's rejection remarks are communicated via a system-generated email, and the status can also be viewed on the FIRMS portal.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-160/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12433&Mode=0"
  },
  {
   "question": "How will banks access the RBI server for uploading XOS data?",
   "answer": "RBI will allot unique User IDs and passwords to each AD Category-I bank for direct server access. The software allows online upload of consolidated bank-wide data.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-306/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8484&Mode=0"
  },
  {
   "question": "How will compounding orders be published from March 2020?",
   "answer": "For orders on or after March 1, 2020, instead of full compounding orders, RBI will publish only a summary on its website, including the applicant's name, details of contraventions, date of order, and the amount imposed.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11995&Mode=0"
  },
  {
   "question": "How will cost recovery from banks work?",
   "answer": "RBI will recover the cost of redress from banks for maintainable complaints received against them in Banking Ombudsman Offices that exceed the peer group average. This creates a financial incentive for banks to improve their internal grievance handling.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12017&Mode=0"
  },
  {
   "question": "How will gold be valued under the amended scheme?",
   "answer": "Gold liabilities and assets are converted to Indian Rupees using the London AM fixing for Gold/USD rate crossed with the FBIL rupee-dollar reference rate, plus the prevalent customs duty for gold import.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12067&Mode=0"
  },
  {
   "question": "How will Indian exporters receive payment under this mechanism?",
   "answer": "Indian exporters will be paid export proceeds in INR from the balances in the designated Special Rupee Vostro account of the correspondent bank of the partner country.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12358&Mode=0"
  },
  {
   "question": "How will non-competitive bidders be allotted?",
   "answer": "Non-competitive bidders will receive allotment at the weighted average rate of yield/price that emerges from the competitive bidding in the auction.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-578/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8865&Mode=0"
  },
  {
   "question": "How will provisioning requirements be affected?",
   "answer": "Banks will have to follow the Reserve Bank of India (Commercial Banks – Asset Classification, Provisioning and Income Recognition) Directions, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13383&Mode=0"
  },
  {
   "question": "How will RBI communicate which RRBs are eligible?",
   "answer": "RBI will issue a positive list of eligible banks and a negative list of ineligible ones, with ongoing review of eligibility status.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12004&Mode=0"
  },
  {
   "question": "How will the amendment affect risk weights?",
   "answer": "Exposures guaranteed under ECLGS 5.0 will attract a zero percent risk weight up to 75% of the guaranteed portion.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13506&Mode=0"
  },
  {
   "question": "How will the amendment impact banks?",
   "answer": "It will reduce their capital requirements for ECLGS 5.0 exposures",
   "page": "https://bankpulse.ai/c/rbi-2026-27-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13503&Mode=0"
  },
  {
   "question": "How will the amendments impact NBFCs' business models?",
   "answer": "The amendments may impact NBFCs' business models, particularly those involved in insurance distribution and other financial services.",
   "page": "https://bankpulse.ai/c/rbi-doc-13501/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13501&Mode=0"
  },
  {
   "question": "How will the amendments impact urban co-operative banks?",
   "answer": "The amendments will impact urban co-operative banks' operations and compliance with SEBI guidelines and regulations",
   "page": "https://bankpulse.ai/c/rbi-doc-13499/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13499&Mode=0"
  },
  {
   "question": "How will the changes impact financial reporting?",
   "answer": "The changes may impact the financial reporting and provisioning requirements of rural co-operative banks.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-208/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13292&Mode=0"
  },
  {
   "question": "How will the HTM limit be reduced after March 2024?",
   "answer": "Starting June 30, 2024, the limit will be reduced in quarterly steps: 22% by June 30, 2024, 21% by September 30, 2024, 20% by December 31, 2024, and finally 19.5% by March 31, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-150/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12422&Mode=0"
  },
  {
   "question": "How will the RBI monitor compliance with these directions?",
   "answer": "The source does not specify monitoring methods; it only outlines the directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-211/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13097&Mode=0"
  },
  {
   "question": "How will the refund amount be calculated?",
   "answer": "The Indian Banks Association (IBA), in consultation with other industry bodies, will finalize the methodology for different facilities. All lending institutions must adopt this methodology.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12071&Mode=0"
  },
  {
   "question": "How will the restoration to 19.5% happen?",
   "answer": "The restoration is phased: SLR securities under HTM as a percentage of NDTL must not exceed 21% by June 30, 2023, 20% by September 30, 2023, and 19.5% by December 31, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12024&Mode=0"
  },
  {
   "question": "How will the risk weight be calculated for ECLGS 5.0 exposures?",
   "answer": "The risk weight will be zero percent up to 75% of the guaranteed portion, and as per existing guidelines for the remaining exposure.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-134/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13505&Mode=0"
  },
  {
   "question": "How will this change affect existing directors?",
   "answer": "Existing directors who have completed a continuous tenure of ten years will be required to undergo a minimum cooling-off period of three years before being re-appointed.",
   "page": "https://bankpulse.ai/c/rbi-dor-2026-27-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13461&Mode=0"
  },
  {
   "question": "How will this repository benefit banks?",
   "answer": "RBI will share the central repository with banks, enabling them to identify building leverage and common exposures across the banking system, thus improving risk awareness.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-250/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8405&Mode=0"
  },
  {
   "question": "If I send money for my child's education abroad, does that count against my USD 75,000 LRS limit?",
   "answer": "No, education remittances are separate. You can send up to the institution's estimate or USD 100,000, whichever is higher, over and above the LRS limit.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-222/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8371&Mode=0"
  },
  {
   "question": "Is a higher or lower cost-to-income ratio better?",
   "answer": "A lower cost-to-income ratio is better, because it means the bank converts more of its income into profit rather than spending it on operating costs. A rising ratio signals that costs (staff, technology, branches, compliance) are growing faster than income, squeezing profitability; a falling ratio signals improving efficiency, often from digital adoption, scale or cost discipline. In India private banks typically run a leaner ratio (around 45%) than public-sector banks (around 49%), partly because public-sector banks carry larger wage and pension costs. Figures are rounded and approximate and vary by bank.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Is a sponsor still required for setting up an IDF-NBFC?",
   "answer": "No, the requirement for a sponsor (bank or NBFC-IFC) has been withdrawn. Shareholders will be subject to standard NBFC scrutiny.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12528&Mode=0"
  },
  {
   "question": "Is Additional Factor of Authentication (AFA) required for offline payments?",
   "answer": "No, offline payment transactions may be offered without AFA. However, replenishment of used limits must be done only in online mode with AFA.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-146/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12215&Mode=0"
  },
  {
   "question": "Is BankPulse affiliated with the Reserve Bank of India?",
   "answer": "No. BankPulse is an independent platform and is not affiliated with, endorsed by, or connected to the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Is capital subsidy available under DAY-NRLM?",
   "answer": "No, the circular explicitly states that no capital subsidy will be sanctioned to any SHG under DAY-NRLM.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12360&Mode=0"
  },
  {
   "question": "Is capital subsidy still available for SHGs under DAY-NRLM?",
   "answer": "No, capital subsidy has been discontinued under DAY-NRLM. Banks must not sanction any capital subsidy to SHGs from the date of implementation of the scheme.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11967&Mode=0"
  },
  {
   "question": "Is capital subsidy still available for SHGs?",
   "answer": "No, capital subsidy has been discontinued under DAY-NRLM. No such subsidy should be sanctioned to any SHG from the date of implementation of the scheme.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-05/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12062&Mode=0"
  },
  {
   "question": "Is hedging mandatory for all CICs raising ECB?",
   "answer": "No, only CICs with asset size below Rs 100 crore must raise ECB on a fully hedged basis.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-397/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8616&Mode=0"
  },
  {
   "question": "Is India's external debt sustainable?",
   "answer": "By the usual gauges it is broadly comfortable. External debt is around 19.0% of GDP, which is moderate by emerging-market standards, the short-term share is contained, and foreign-exchange reserves cover roughly 90% of total external debt - and almost all of the short-term debt. That reserve cushion is what makes the debt sustainable even if global financing conditions tighten.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Is India's real deposit rate positive or negative now?",
   "answer": "India's real deposit rate is positive on the latest readings -- roughly +2% in FY25 -- because the representative 1-year term-deposit rate (about 6.9%) is now well above CPI inflation (about 4.6%). That is a change from FY21-FY23, when inflation ran around 5.5-6.7% and deposit rates lagged, leaving the real deposit rate slightly negative. These figures are rounded and approximate; exact rates vary by bank, tenor and the inflation print used.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Is manual submission still allowed for any quarter?",
   "answer": "No. Manual and email submissions are dispensed with from the quarter ended September 30, 2013 onward. All data must be reported via XBRL.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-374/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8581&Mode=0"
  },
  {
   "question": "Is mobile prepaid recharge mandatory for all BBPS participants?",
   "answer": "No, it is voluntary. Participants can choose to offer this category, but must implement it by August 31, 2021 if they decide to participate.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12113&Mode=0"
  },
  {
   "question": "Is PAN mandatory for SGB applications?",
   "answer": "Yes, every application must be accompanied by valid PAN details issued by the Income Tax Department to the investor(s).",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12180&Mode=0"
  },
  {
   "question": "Is PAN mandatory for SGB investment?",
   "answer": "Yes, every application must be accompanied by the PAN details issued by the Income Tax Department to the investor.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12093&Mode=0"
  },
  {
   "question": "Is participation in the SSE mandatory for StCBs and CCBs?",
   "answer": "No, the circular states that subscription to the share capital of the SSE is on a voluntary basis.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12899&Mode=0"
  },
  {
   "question": "Is participation in this special clearing mandatory?",
   "answer": "Yes, it is mandatory for all banks that are members of CTS.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-134/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12803&Mode=0"
  },
  {
   "question": "Is participation in this special clearing optional?",
   "answer": "No, RBI has made it mandatory for all banks listed in the circular to participate in the special clearing operations on both March 30 and 31, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-141/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12640&Mode=0"
  },
  {
   "question": "Is participation mandatory for all banks?",
   "answer": "Yes, it is mandatory for all banks listed in the circular to participate in the special clearing operations.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-188/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12261&Mode=0"
  },
  {
   "question": "Is participation optional for banks?",
   "answer": "No, participation is mandatory for all banks listed in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12047&Mode=0"
  },
  {
   "question": "Is physical Aadhaar still valid for KYC?",
   "answer": "Yes, physical Aadhaar card/letter issued by UIDAI and e-KYC process remain valid as officially valid documents.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-518/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8770&Mode=0"
  },
  {
   "question": "Is Positive Pay mandatory for all cheques?",
   "answer": "No, it's optional for account holders for cheques of ₹50,000 and above, but banks may make it mandatory for cheques of ₹5,00,000 and above. Non-compliant cheques won't be accepted under CTS dispute resolution.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11969&Mode=0"
  },
  {
   "question": "Is prior RBI approval still needed for unsecured loans above ₹10,000?",
   "answer": "Yes, for loans above ₹10,000, the earlier circular requiring prior RBI approval for up to ₹20,000 per account (up to 25% of total assets) remains applicable, subject to conditions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-321/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8504&Mode=0"
  },
  {
   "question": "Is RBI NOC needed for all bye-law changes?",
   "answer": "Only if the alteration requires 'confirmation' from the Central/State Government or another authority under the applicable Co-operative Act/Rules. Banks must declare this requirement in their request.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12560&Mode=0"
  },
  {
   "question": "Is reporting still required for rolled-over guarantees?",
   "answer": "Yes, the rolled-over guarantee must be reported as a fresh financial commitment in Part II of Form ODI, as was done earlier.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-427/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8665&Mode=0"
  },
  {
   "question": "Is the 2016 KYC Master Direction still valid for payment systems?",
   "answer": "No, RBI repealed it with immediate effect on November 28, 2025. All references must now be to the 'Reserve Bank of India (Commercial Banks – Know Your Customer) Directions, 2025'.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13171&Mode=0"
  },
  {
   "question": "Is the earlier circular from March 18, 2021, still valid?",
   "answer": "Yes, all other instructions from the March 18 circular remain operational, except the closure date is now April 12 instead of April 10. Banks must adhere to those instructions with the updated date.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12072&Mode=0"
  },
  {
   "question": "Is the fixed-rate switch option at reset mandatory for lenders?",
   "answer": "No, it is now optional. Regulated entities may choose to provide the option as per their board-approved policy, and they can also decide how many times a borrower can switch during the loan tenor.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12902&Mode=0"
  },
  {
   "question": "Is the hardcopy filing of Form DRR still required?",
   "answer": "No, hardcopy filing of Form DRR is discontinued. However, domestic custodians must continue to report Form DRR electronically on the FIRMS application as per FEM (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11994&Mode=0"
  },
  {
   "question": "Is the IES extension applicable to all exporters?",
   "answer": "No, the extension from September 1 to 30, 2024, is only for MSME manufacturer exporters. Non-MSME exporters are not covered under this extension.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12734&Mode=0"
  },
  {
   "question": "Is the Interest Equalisation Scheme still available for non-MSME exporters?",
   "answer": "No, from July 1, 2024, only MSME manufacturer exporters are eligible. Non-MSME exporters cannot claim benefits for any period after June 30, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12729&Mode=0"
  },
  {
   "question": "Is the investment in the UO mandatory for UCBs?",
   "answer": "No, the circular states that UCBs may subscribe to the capital of the UO on a voluntary basis.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-177/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12249&Mode=0"
  },
  {
   "question": "Is the NOF-linked credit ceiling completely removed for all NBFCs?",
   "answer": "Yes, for all NBFCs registered with RBI and engaged in principal business of asset financing, loan, factoring, or investment activities, the ceiling linked to Net Owned Fund has been withdrawn.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12476&Mode=0"
  },
  {
   "question": "Is the one-year maturity only for borrowings swapped with RBI?",
   "answer": "Yes, the circular specifically lowers the minimum maturity to one year for borrowings made on or before November 30, 2013, for the purpose of availing the swap facility from RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-293/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8466&Mode=0"
  },
  {
   "question": "Is the PRAVAAH portal mandatory for all NDS-OM access requests?",
   "answer": "Yes, the RBI has made PRAVAAH the sole channel for submitting, validating, and authorising NDS-OM access applications with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13401&Mode=0"
  },
  {
   "question": "Is the relief mandatory or optional for AIFIs?",
   "answer": "It is optional. The direction says an AIFI 'at its discretion, may provide' such relief measures. There is no compulsion to offer waivers.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13440&Mode=0"
  },
  {
   "question": "Is the standard asset provision of 0.25% still applicable?",
   "answer": "Yes, the circular explicitly states that the 0.25% standard asset provision continues to apply on all such loans.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-56/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11984&Mode=0"
  },
  {
   "question": "Is the TOL/ATNW ratio deadline also extended?",
   "answer": "No, the target date for achieving the Total Outside Liabilities/Adjusted Tangible Net Worth (TOL/ATNW) ratio remains unchanged at March 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12140&Mode=0"
  },
  {
   "question": "Is the valuation method mandatory for all UCBs?",
   "answer": "Yes, RBI has standardized the valuation method to ensure transparency and consistency across all UCBs.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-586/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8873&Mode=0"
  },
  {
   "question": "Is the XBRL site still available for LRS reporting?",
   "answer": "No, effective December 26, 2023, XBRL submissions for LRS returns are discontinued. All reporting must be done exclusively through the CIMS portal at https://sankalan.rbi.org.in.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12575&Mode=0"
  },
  {
   "question": "Is the ₹25 crore net worth deadline still March 31, 2023?",
   "answer": "Yes, the timeline of March 31, 2023 for achieving the net worth of ₹25 crore remains unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12362&Mode=0"
  },
  {
   "question": "Is there a cap on loans for allied activities like dairy or fisheries?",
   "answer": "Yes, within the overall ₹3 lakh limit, allied activities are capped at ₹2 lakh per farmer. Crop loans take priority for subvention benefits.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-139/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12411&Mode=0"
  },
  {
   "question": "Is there a cap on the total amount SFBs can lend under this facility?",
   "answer": "Yes, the aggregate of such on-lending cannot exceed 10% of the bank's total priority sector portfolio as on March 31, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12081&Mode=0"
  },
  {
   "question": "Is there a customer compensation framework under these directions?",
   "answer": "Yes, the directions include a framework for compensation to customers for errors or delays in credit information reporting, and customers can also approach the RBI Integrated Ombudsman Scheme, 2021.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-304/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13000&Mode=0"
  },
  {
   "question": "Is there a deadline for making these amendments?",
   "answer": "The circular does not specify a deadline, but banks are advised to make necessary amendments promptly and advise RBI's Department of Banking Operations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-334/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8523&Mode=0"
  },
  {
   "question": "Is there a fixed loan-to-value cap for LAP?",
   "answer": "RBI does not publish a single universal LAP loan-to-value figure the way it does for some products; lenders set LTV within their board-approved credit policy and prudential limits, supported by an independent valuation. Always confirm against the latest applicable circular linked on each page below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Is there a limit on how many pre-2005 notes a person can exchange?",
   "answer": "No, banks should not place any restriction on the number of banknotes to be exchanged by any member of the public.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-509/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8761&Mode=0"
  },
  {
   "question": "Is there a limit on how much we can swap each week?",
   "answer": "Yes, the maximum swap amount in a week equals the fresh 3-year+ FCNR(B) deposits mobilized in equivalent USD during the preceding week(s). Each bank can swap only once per week.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-234/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8388&Mode=0"
  },
  {
   "question": "Is there a maximum loan limit under the GCC?",
   "answer": "No, there is no ceiling on the loan amount as long as it is for non-farm entrepreneurial activity and eligible for priority sector classification. Limits are set case-by-case based on risk assessment.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-389/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8603&Mode=0"
  },
  {
   "question": "Is there a temporary facility for borrowing from multilateral institutions?",
   "answer": "Yes, AD Category-I banks are permitted to borrow from international/multilateral financial institutions for a limited period up to November 30, 2013, for general banking business. Such borrowings are eligible for RBI's concessional swap facility.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-323/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8507&Mode=0"
  },
  {
   "question": "Is there any change in provisioning for fraud accounts?",
   "answer": "The circular includes existing provisioning norms for fraud accounts but does not change them. UCBs must continue to follow the prescribed provisioning guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12499&Mode=0"
  },
  {
   "question": "Is there any charge for using this facility?",
   "answer": "No, RBI has mandated that the beneficiary account name look-up facility must be provided to customers free of charge.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12759&Mode=0"
  },
  {
   "question": "Is there any distance limit between a BC outlet and its base branch now?",
   "answer": "The earlier fixed distance criteria (30 km in rural/semi-urban/urban, 5 km in metro) have been removed. Banks must decide distance norms in their board-approved policy, ensuring adequate oversight.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-653/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8955&Mode=0"
  },
  {
   "question": "Is there any end date for this preservation requirement?",
   "answer": "No, the circular states 'till further orders,' meaning banks must retain the recordings indefinitely until RBI issues a subsequent directive.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-51/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12110&Mode=0"
  },
  {
   "question": "Is there any monetary limit for compounding at Regional Offices?",
   "answer": "For most Regional Offices (excluding Kochi and Panaji), there is no limit. For Kochi and Panaji, the limit is below ₹1 crore; above that, cases go to CEFA, Mumbai.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-553/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8825&Mode=0"
  },
  {
   "question": "Is there any new compliance requirement from this notification?",
   "answer": "No new requirements are introduced. This notification solely withdraws 30 outdated circulars to simplify regulations, as part of RRA 2.0.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12316&Mode=0"
  },
  {
   "question": "Is there still a limit on third-party payments for imports?",
   "answer": "No, the earlier USD 100,000 limit has been withdrawn, allowing higher amounts subject to bank satisfaction and FATF compliance.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-479/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8731&Mode=0"
  },
  {
   "question": "Is this a one-size-fits-all mandate?",
   "answer": "No, RBI has adopted a proportionate approach, allowing flexibility based on the RE's size, nature, complexity, and risk profile.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12679&Mode=0"
  },
  {
   "question": "Is this a permanent change for all IPOs?",
   "answer": "No, this is a one-time directive for the LIC IPO only. Future IPOs may have similar arrangements if requested by the government.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12310&Mode=0"
  },
  {
   "question": "Is this account mandatory for all exporters using INR trade?",
   "answer": "The circular permits banks to open such an account, implying it is optional; exporters can continue using existing arrangements.",
   "page": "https://bankpulse.ai/c/rbi-2023-2024-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12568&Mode=0"
  },
  {
   "question": "Is this change applicable to all banks?",
   "answer": "This circular applies to all Scheduled Commercial Banks except Regional Rural Banks (RRBs).",
   "page": "https://bankpulse.ai/c/rbi-2024-25-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12801&Mode=0"
  },
  {
   "question": "Is this change permanent or temporary?",
   "answer": "The circular states this is for the limited purpose of priority sector lending, but no end date is specified in the source. Banks should treat it as an ongoing classification until further notice.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12126&Mode=0"
  },
  {
   "question": "Is this change permanent?",
   "answer": "No, the instructions are valid only up to November 30, 2013, and are subject to review by RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-193/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8326&Mode=0"
  },
  {
   "question": "Is this deregulation permanent?",
   "answer": "No. The instructions are valid only up to November 30, 2013, and are subject to review by RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-186/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8311&Mode=0"
  },
  {
   "question": "Is this extension applicable to all NRE deposits?",
   "answer": "No, it applies only to incremental NRE deposits with a maturity of 3 years and above, as specified in the August 14, 2013 circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-387/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8601&Mode=0"
  },
  {
   "question": "Is this extension automatic for all co-operative banks?",
   "answer": "Yes, RBI has granted the extension for all Primary Urban, State, and Central co-operative banks facing COVID-related difficulties.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12107&Mode=0"
  },
  {
   "question": "Is this facility automatic or do we need to apply?",
   "answer": "The facility is available to all scheduled banks as per RBI guidelines; no separate application is needed, but banks should ensure they meet operational conditions for MSF access.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12142&Mode=0"
  },
  {
   "question": "Is this mandatory for banks?",
   "answer": "No, it is optional. Banks can choose to offer shorter interest payment intervals or continue with the existing quarterly or longer rests.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-385/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8598&Mode=0"
  },
  {
   "question": "Is this relaxation available for loans committed after November 30, 2013?",
   "answer": "No, the relaxation is strictly for contracts entered into up to November 30, 2013. No further extensions are provided.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-377/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8585&Mode=0"
  },
  {
   "question": "Is this relaxation permanent?",
   "answer": "No, the instructions are valid only up to November 30, 2013, subject to review. Banks should plan accordingly and watch for further RBI communication.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-215/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8364&Mode=0"
  },
  {
   "question": "Is video KYC permitted?",
   "answer": "Yes. Video-based Customer Identification Process is an accepted channel for onboarding and updation, subject to defined safeguards on liveness, geotagging and record-keeping.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Our bank's overseas branch wants to lend ECB to an Indian parent company to repay its domestic rupee loan. Is this allowed now?",
   "answer": "No. RBI has decided that repayment of rupee loans availed from the domestic banking system through ECBs extended by overseas branches/subsidiaries of Indian banks is not permitted, as the risk remains within the Indian banking system.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-568/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8846&Mode=0"
  },
  {
   "question": "Should other banks take any immediate action?",
   "answer": "Yes, banks with exposure to Nagar Urban Co-operative Bank should reassess credit limits, update risk classifications, and ensure compliance with RBI's prudential norms for dealing with non-Scheduled banks.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12695&Mode=0"
  },
  {
   "question": "Until when are the current FCNR(B) rate ceilings valid?",
   "answer": "The current ceilings, as prescribed in the circular dated August 21, 2013, are valid until February 28, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-483/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8735&Mode=0"
  },
  {
   "question": "Until when are these higher ceilings valid?",
   "answer": "The relaxation is available only for fresh deposits raised from December 6, 2024, until March 31, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12753&Mode=0"
  },
  {
   "question": "Until when are these old documents valid for MSME classification?",
   "answer": "The validity is extended from June 30, 2020 to June 30, 2022, as per the government notification S.O. 2134(E) dated May 6, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12319&Mode=0"
  },
  {
   "question": "Until when can banks avail this CRR relief?",
   "answer": "The relief applies to credit disbursed up to the fortnight ending December 31, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12084&Mode=0"
  },
  {
   "question": "Until when can investors subscribe to IINSS-C under the revised limits?",
   "answer": "Subscriptions will close on March 31, 2014. All investments must be made before this date.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-534/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8789&Mode=0"
  },
  {
   "question": "Until when can we process NEFT/RTGS for government transactions on March 31?",
   "answer": "NEFT and RTGS systems will be available for government transactions until 2400 hours (midnight) on March 31, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-138/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12637&Mode=0"
  },
  {
   "question": "Until when is the scheme valid now?",
   "answer": "The scheme has been extended up to August 31, 2024, effective from July 1, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12729&Mode=0"
  },
  {
   "question": "Until when is this MSF relaxation valid?",
   "answer": "The relaxation is extended for six months from March 31, 2021, and is valid until September 30, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12021&Mode=0"
  },
  {
   "question": "Until when is this revised ceiling valid?",
   "answer": "These instructions are valid up to November 30, 2013, subject to review.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-194/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8327&Mode=0"
  },
  {
   "question": "What about electronic transactions on these days?",
   "answer": "All electronic transactions for government business will continue till midnight on March 31, 2014, regardless of branch hours.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-535/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8790&Mode=0"
  },
  {
   "question": "What about exchange-traded gold derivatives?",
   "answer": "Banks must submit a quarterly report on exchange-traded gold derivatives in IFSC and overseas (including those by eligible customers) to RBI within 10 days of the succeeding quarter, starting from the quarter ending December 31, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12757&Mode=0"
  },
  {
   "question": "What about GST receipt commission claims?",
   "answer": "GST receipt commission claims are also to be settled at Mumbai Regional Office, along with TIN 2.0 direct tax claims.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-136/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12408&Mode=0"
  },
  {
   "question": "What about individual accounts opened before January 1, 2017?",
   "answer": "Their KYC data must be uploaded to CKYCR during periodic updation or earlier if updated KYC is obtained, and details must be migrated to current CDD standards.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12008&Mode=0"
  },
  {
   "question": "What about loans already rated by Brickwork before the ban?",
   "answer": "Existing ratings can continue surveillance for the full residual tenure. For working capital facilities above Rs.250 crore, surveillance is allowed only until the next renewal by the bank.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12700&Mode=0"
  },
  {
   "question": "What about Lower Siang and Leparada districts?",
   "answer": "Lead bank responsibility for Lower Siang and Leparada will be assigned separately once the Government of Arunachal Pradesh notifies their effective dates of functioning.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11968&Mode=0"
  },
  {
   "question": "What about medical treatment expenses abroad—are they also outside the LRS limit?",
   "answer": "Yes, medical remittances up to the doctor's estimate for treatment, plus up to USD 25,000 for maintenance or attendant expenses, are allowed without RBI approval and are not counted under the LRS limit.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-222/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8371&Mode=0"
  },
  {
   "question": "What about old derivative contracts?",
   "answer": "Derivative contracts executed before April 1, 2019 can be excluded when computing derivative exposures to HO, as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12160&Mode=0"
  },
  {
   "question": "What about security and liability for cash handled by BCs?",
   "answer": "Banks remain responsible for all BC actions. They must ensure BCs have adequate insurance, security arrangements, and clear accountability for cash shortages or theft.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-212/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8361&Mode=0"
  },
  {
   "question": "What about the no-frills account circular for student scholarships?",
   "answer": "The term 'no-frills account' has been discontinued. Banks must now use Basic Savings Bank Deposit Account (BSBDA) as per extant provisions for all customers, including students receiving government scholarships.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12731&Mode=0"
  },
  {
   "question": "What accounts must be covered under the automated system?",
   "answer": "All borrowal accounts, including temporary overdrafts, regardless of size, sector, or limit type, as well as all bank investments, must be included in the automated system for asset classification, upgradation, and provisioning.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11964&Mode=0"
  },
  {
   "question": "What action can RBI take if a bank fails to comply?",
   "answer": "RBI can initiate action under Section 10(4) and 11(1) of FEMA, 1999, which may include directions to the bank or penalties for non-compliance.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12737&Mode=0"
  },
  {
   "question": "What action is needed for existing accounts?",
   "answer": "PSOs must scan all existing accounts to ensure none are held by or linked to any individual or entity on the updated sanctions list.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-258/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8416&Mode=0"
  },
  {
   "question": "What action is required for existing accounts that match the list?",
   "answer": "Banks must freeze the funds, financial assets, or economic resources of such accounts, following the procedure detailed in paragraph 6 of RBI circular DBOD.AML.BC. No. 44/14.01.001/2009-10 dated September 17, 2009.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-182/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8307&Mode=0"
  },
  {
   "question": "What action is required for lockers frozen due to non-execution?",
   "answer": "Banks must unfreeze such lockers with immediate effect to allow customers to execute the revised agreement.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-168/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12443&Mode=0"
  },
  {
   "question": "What action is required from the Principal Officer?",
   "answer": "The Principal Officer must acknowledge receipt of this circular letter to the concerned RBI regional office.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-519/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8771&Mode=0"
  },
  {
   "question": "What action is required if a customer requests de-listing?",
   "answer": "Forward the request electronically to Joint Secretary (CTCR), Ministry of Home Affairs, as per MHA instructions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12918&Mode=0"
  },
  {
   "question": "What action must my bank take immediately?",
   "answer": "Your bank must screen all customers against the updated list, freeze any assets or accounts of the newly specified individual (Sanaullah Ghafari), and report the action to FIU-IND and the Joint Secretary (CTCR), MHA. Also update your internal AML systems with the latest list.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12677&Mode=0"
  },
  {
   "question": "What action should AIFIs take to comply with the amendment directions?",
   "answer": "Review and update internal policies and procedures, establish a Committee on lending to related parties, and ensure compliance with the new definitions and guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-180/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13256&Mode=0"
  },
  {
   "question": "What action should be taken if a match is found?",
   "answer": "Follow the procedure laid down in the UAPA Order dated August 27, 2009, and detailed in paragraph 6 of RBI's circular dated September 17, 2009, which includes freezing of funds and assets.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-399/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8618&Mode=0"
  },
  {
   "question": "What actions are required for existing accounts?",
   "answer": "PSOs must scan all existing accounts to ensure none are held by or linked to listed individuals/entities, and freeze any such accounts as per paragraph 6 of the September 17, 2009 circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-432/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8676&Mode=0"
  },
  {
   "question": "What actions must we take if we find a match in existing accounts?",
   "answer": "You must freeze the funds, financial assets, or economic resources held in those accounts, following the procedure detailed in paragraph 7 of the November 16, 2009 circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-204/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8350&Mode=0"
  },
  {
   "question": "What activities cannot be outsourced under these directions?",
   "answer": "The directions list specific activities that shall not be outsourced, as detailed in Chapter III. Banks must refer to the full document for the exact list, which includes activities such as core financial services functions as defined by the RBI.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-202/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13107&Mode=0"
  },
  {
   "question": "What activities remain prohibited for bank finance to NBFCs?",
   "answer": "Prohibitions include bridge loans/interim finance, advances against collateral security of shares, and restrictions on guarantees for placement of funds with NBFCs, as detailed in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12476&Mode=0"
  },
  {
   "question": "What additional banking facilities can RRBs offer to minor accounts?",
   "answer": "RRBs may offer ATM/debit cards, cheque book facility, and internet banking (when permitted), provided the account is never overdrawn and always remains in credit.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-610/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8904&Mode=0"
  },
  {
   "question": "What additional details are now required in the compounding application?",
   "answer": "Applicants must provide their mobile number, the specific RBI office where payment was made, and the mode of submission (PRAVAAH or physical) to help reconcile payments faster.",
   "page": "https://bankpulse.ai/c/rbi-fed-2025-26-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12838&Mode=0"
  },
  {
   "question": "What additional facilities can UCBs offer to minor accounts?",
   "answer": "UCBs can offer internet banking, ATM/debit cards, and cheque book facilities, but must ensure the account is never overdrawn and always remains in credit.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-587/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8872&Mode=0"
  },
  {
   "question": "What additional facilities must banks provide for persons with low vision?",
   "answer": "Banks must provide magnifying glasses in all branches and display a prominent notice about their availability and other facilities for persons with disabilities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-598/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8891&Mode=0"
  },
  {
   "question": "What amounts are eligible for inclusion in currency chest balances?",
   "answer": "Only cash held in the custody of joint custodians and freely available to them is eligible. Cash kept outside vaults, under single lock, or in sealed covers is ineligible.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2024-25-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12648&Mode=0"
  },
  {
   "question": "What approval is needed for a non-MSE unit manufacturing reserved items to get FDI above 24%?",
   "answer": "Prior approval from the Foreign Investment Promotion Board (FIPB) of the Government of India is required.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-498/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8750&Mode=0"
  },
  {
   "question": "What are 'dark patterns' and how do they affect Payments Banks?",
   "answer": "Dark patterns are deceptive user interface or experience designs that trick users into actions they did not intend, like unwanted purchases. Banks must avoid such designs in all digital platforms to prevent misleading customers.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13487&Mode=0"
  },
  {
   "question": "What are banks required to do after a calamity is declared?",
   "answer": "They must convene the relevant committee (SLBC/UTLBC or DCC) within 15 days, update board policy, and apply Chapter IV‑A guidelines for any new resolution actions.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13411&Mode=0"
  },
  {
   "question": "What are Capital Market Intermediaries (CMIs)?",
   "answer": "CMIs are regulated entities undertaking trade execution and market infrastructure services in capital markets, including broking, clearing, custody, market making, or other incidental services, but excluding Standalone Primary Dealers and Qualified Central Counterparties (QCCPs).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-216/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13300&Mode=0"
  },
  {
   "question": "What are district working codes used for?",
   "answer": "They are used for BSR (Basic Statistical Returns) reporting by banks to RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-358/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8553&Mode=0"
  },
  {
   "question": "What are Eligible Securities?",
   "answer": "Eligible Securities include listed Group-1 equity shares and preference shares, Government Securities including Treasury Bills and Sovereign Gold Bonds, listed Debt Securities including Convertible Debt Securities rated BBB or higher, Units of Mutual Fund Schemes with repurchase/redemption facility, Units of Exchange Traded Funds (excluding gold, silver and other commodity ETFs), and Units of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-216/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13300&Mode=0"
  },
  {
   "question": "What are India's current bank lending and deposit rates?",
   "answer": "On the latest approximate readings, the Weighted Average Lending Rate on fresh rupee loans of scheduled commercial banks is around 9% and the Weighted Average Domestic Term Deposit Rate on fresh deposits is around 6.9%, leaving a lending-deposit spread of roughly 2 to 2.5 percentage points. These followed the RBI repo rate up during FY23-FY24 and are now easing with the 2025 rate cuts that took the repo to 5.25%. All figures are rounded and approximate and the exact rate on any single product varies by bank, borrower and tenor; see the official RBI source for precise latest figures.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What are India's foreign exchange reserves?",
   "answer": "India's total foreign exchange reserves, including gold, stood at about US$643 billion at the end of 2024 on World Bank / IMF data — among the largest reserve stocks in the world. The RBI publishes a more current weekly figure in its Weekly Statistical Supplement.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What are NRI deposits?",
   "answer": "NRI deposits are bank deposits held with Indian banks by Non-Resident Indians and Persons of Indian Origin under RBI-notified schemes - mainly NRE, FCNR(B) and NRO. The total outstanding is recently of the order of $160 billion and forms one of the larger components of India's external debt.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What are PSL Certificates?",
   "answer": "Priority Sector Lending Certificates let a bank that has lent beyond its target sell the excess, and a bank short of its target buy it, without transferring the underlying loan. It is a market mechanism to meet sub-targets efficiently.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What are Return on Assets (RoA) and Return on Equity (RoE)?",
   "answer": "Return on Assets (RoA) is a bank's net profit expressed as a percentage of its average total assets -- it measures how much profit the bank squeezes from every rupee of assets on its balance sheet. Return on Equity (RoE) is net profit as a percentage of average shareholders' net worth -- it measures the return earned on the capital that owners have put in. RoA is the cleaner read on operating profitability because it is not flattered by leverage, while RoE matters most to shareholders. A bank with an RoA of 1.3% and an RoE of 14% is earning 1.3 paise of profit per rupee of assets and 14 paise per rupee of equity.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What are risk weights?",
   "answer": "Risk weights scale each exposure by its riskiness before capital is computed, so a safe sovereign exposure consumes far less capital than an unsecured consumer loan. RBI adjusts these weights as a prudential lever.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What are SCRC 1 and SCRC 2?",
   "answer": "These are quarterly returns that SC/RCs must file with RBI under the SARFAESI Act. SCRC 1 and SCRC 2 capture financial and operational data.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-422/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8660&Mode=0"
  },
  {
   "question": "What are the 'fit and proper' criteria for major shareholders?",
   "answer": "The directions outline the criteria for major shareholders, but specific details are not provided in the source text.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-222/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13086&Mode=0"
  },
  {
   "question": "What are the 3 entries amended in the list?",
   "answer": "The 3 entries are: individuals Khalil Ahmed Haqqani and Abdul Rauf Zakir, and entity Haji Khairullah Haji Sattar Money Exchange.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13372&Mode=0"
  },
  {
   "question": "What are the advantages of local incorporation?",
   "answer": "Creation of separate legal entities, clear delineation of assets and liabilities, and effective control to local regulators.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-144/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13167&Mode=0"
  },
  {
   "question": "What are the asset classification rules after the moratorium period?",
   "answer": "For accounts with moratorium, asset classification from March 1 to August 31, 2020 follows earlier COVID circulars. From September 1, 2020, standard IRAC norms apply. Accounts without moratorium follow standard IRAC norms throughout.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12071&Mode=0"
  },
  {
   "question": "What are the asset quality conditions for transition?",
   "answer": "The SFB must have Gross Non-Performing Assets (GNPA) of 3% or less and Net Non-Performing Assets (NNPA) of 1% or less in the last two financial years.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12676&Mode=0"
  },
  {
   "question": "What are the bank groups in India's banking statistics?",
   "answer": "The RBI groups scheduled commercial banks into Public Sector Banks (government-majority-owned, e.g. SBI and the nationalised banks), Private Sector Banks (e.g. HDFC Bank, ICICI Bank, Axis Bank), Foreign Banks operating in India, Regional Rural Banks (RRBs), and Small Finance Banks (SFBs). Deposits and credit are reported for each group.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What are the base service charges mentioned in the circular?",
   "answer": "The base charges are ₹5 per packet and ₹8 per packet, as per earlier circulars from January 2016 and May 2019.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12383&Mode=0"
  },
  {
   "question": "What are the branch timings for government transactions on March 30 and 31?",
   "answer": "Branches must remain open for over-the-counter government transactions during normal working hours on both days.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-138/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12637&Mode=0"
  },
  {
   "question": "What are the cash withdrawal limits for non-bank PPIs?",
   "answer": "Cash withdrawal is limited to ₹2,000 per transaction and ₹10,000 per month per PPI, with AFA/PIN authentication and a cooling period after opening or reloading.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12094&Mode=0"
  },
  {
   "question": "What are the compliance requirements for AD Category-I banks?",
   "answer": "Banks must update their systems with the new rate, inform all concerned constituents, and ensure all related transactions comply with FEMA sections 10(4) and 11(1).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-188/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8313&Mode=0"
  },
  {
   "question": "What are the components of reserve money?",
   "answer": "Reserve money has three components on the uses side: currency in circulation (about 77%, the largest), bankers' deposits with the RBI (about 21%, mainly the cash reserve ratio balances banks must keep with the RBI), and 'other' deposits with the RBI (about 2%, a small residual). Currency in circulation is by far the dominant component.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What are the conditions for borrowing beyond the old 50% limit?",
   "answer": "Banks must have a board-approved overseas borrowing policy, maintain a CRAR of at least 12%, ensure a minimum maturity of 3 years for such borrowings, and comply with all existing FEMA and NOPL norms.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-240/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8395&Mode=0"
  },
  {
   "question": "What are the conditions for collection accounts opened by other lending banks for borrowers availing CC/OD?",
   "answer": "Funds deposited in collection accounts must be remitted to the borrower's CC/OD account within two working days. The balances cannot be used for repayment of any credit facilities or as collateral/margin. However, the bank can debit fees or charges from the collection account before transferring funds.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12293&Mode=0"
  },
  {
   "question": "What are the conditions for declaring dividends by Urban Co-operative Banks?",
   "answer": "UCBs must comply with regulatory capital requirements, have NNPA ratio less than 5% after all provisions (including those from RBI inspection), have no default in CRR/SLR maintenance during the financial year, make all required provisions for NPAs, investments, and other assets, and pay dividends out of net profit after all statutory/other provisions and adjustment for accumulated losses.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-290/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13015&Mode=0"
  },
  {
   "question": "What are the conditions for exemption from CRR and SLR?",
   "answer": "The exemption is available for fresh FCNR(B) deposits of minimum tenor of three years and maximum tenor of five years mobilized between June 8, 2026, and September 30, 2026. The CRR exemption starts from the reporting fortnight beginning July 1, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13472&Mode=0"
  },
  {
   "question": "What are the consequences for acquiring banks that delay reimbursement?",
   "answer": "Acquiring banks must pay the issuing bank within 3 working days of the claim. If they fail, RBI may debit their account to compensate the issuing bank, and penal provisions under the Payment and Settlement Systems Act, 2007 may be invoked.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-296/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8469&Mode=0"
  },
  {
   "question": "What are the consequences if a UCB continues to seek non-mandatory information?",
   "answer": "RBI has directed strict adherence. Non-compliance could lead to regulatory action, including supervisory restrictions or penalties, as it violates KYC guidelines and customer privacy.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-228/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8377&Mode=0"
  },
  {
   "question": "What are the consequences if we continue collecting excessive data?",
   "answer": "RBI has directed strict adherence. Non-compliance may lead to regulatory action, including penalties or supervisory restrictions, and could damage customer trust.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-261/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8419&Mode=0"
  },
  {
   "question": "What are the consequences of non-compliance with the new guidelines?",
   "answer": "The circular does not specify penalties or fines for non-compliance; Authorised Persons must ensure compliance by their agents/sub-agents/franchisees.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13169&Mode=0"
  },
  {
   "question": "What are the consequences of non-compliance with the RBI directions?",
   "answer": "Non-compliance may lead to regulatory action and potential penalties.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-265/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13041&Mode=0"
  },
  {
   "question": "What are the consequences of non-compliance with these directions?",
   "answer": "The consequences of non-compliance with these directions are not specified in the document.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-375/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12929&Mode=0"
  },
  {
   "question": "What are the consequences of non-compliance with this update?",
   "answer": "Non-compliance could result in regulatory penalties, including fines or restrictions, as per RBI's AML/KYC directives and the UAPA, 1967.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12284&Mode=0"
  },
  {
   "question": "What are the consequences of non-compliance?",
   "answer": "Non-compliance may result in regulatory penalties, including fines or restrictions, as well as reputational risk for failing to prevent terrorist financing.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12912&Mode=0"
  },
  {
   "question": "What are the consequences of not disclosing arrears?",
   "answer": "Failure to disclose will be treated as a regulatory breach and may attract supervisory action or penalties under the Banking Regulation Act.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-246/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13338&Mode=0"
  },
  {
   "question": "What are the consequences of not updating our screening systems?",
   "answer": "Failure to comply may result in regulatory action under UAPA, 1967 and RBI's KYC Master Direction, including penalties, as maintaining accounts or processing transactions for listed entities is prohibited.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-172/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12448&Mode=0"
  },
  {
   "question": "What are the CRAR targets for Tier 2 to 4 UCBs and their deadlines?",
   "answer": "Tier 2 to 4 UCBs must maintain a minimum CRAR of 12% of RWAs. Those not yet compliant must achieve 10% by March 31, 2024, 11% by March 31, 2025, and 12% by March 31, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12654&Mode=0"
  },
  {
   "question": "What are the deadlines for CRILC submissions?",
   "answer": "CRILC-Main is due quarterly within 21 days from quarter close. CRILC-SMA 2 and JLF Formation reports must be submitted on an as-and-when basis, i.e., when a borrower is overdue for 61 days or a JLF is formed.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-601/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8894&Mode=0"
  },
  {
   "question": "What are the deadlines for updating legacy account data?",
   "answer": "Accounts opened between July 1, 2021 and June 30, 2022 must be updated by January 1, 2023. Accounts opened between July 1, 2018 and June 30, 2021 must be updated by July 1, 2023. Timelines for older legacy data will be announced later.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12178&Mode=0"
  },
  {
   "question": "What are the effective dates for these guidelines?",
   "answer": "The guidelines take effect from October 1, 2014. Banks must submit data from the quarter ending December 31, 2014, and comply with exposure limits by March 31, 2016.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-487/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8739&Mode=0"
  },
  {
   "question": "What are the eligibility criteria for closing an old export bill under this circular?",
   "answer": "The bill must not be subject to any pending civil or criminal suit, the exporter must not be on the adverse list of enforcement agencies like DoE, CBI, or DRI, and there should be no externalisation issues with the recipient country. Additionally, the bill must fall under either: (a) outstanding beyond 15 years as of Dec 31, 2012 with a ceiling of USD 1,00,000, or (b) outstanding beyond 5 years as of Dec 31, 2012 with a ceiling of USD 50,000 where the customer is untraceable (with proof).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-325/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8509&Mode=0"
  },
  {
   "question": "What are the eligibility criteria for directors of rural co-operative banks?",
   "answer": "Directors must be knowledgeable, of high integrity, and not engaged in money lending, financing, or investment activities.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-298/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13006&Mode=0"
  },
  {
   "question": "What are the eligibility criteria for dividend declaration?",
   "answer": "RRBs must meet the following criteria: compliance with regulatory capital requirements, positive adjusted PAT, and no explicit restrictions on dividend declaration.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-390/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13327&Mode=0"
  },
  {
   "question": "What are the eligibility criteria for providing view-only digital banking?",
   "answer": "An RRB must have implemented Core Banking Solution (CBS) and enabled its public-facing IT infrastructure to handle Internet Protocol Version 6 (IPv6) traffic.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-384/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13059&Mode=0"
  },
  {
   "question": "What are the eligible underlying instruments for IRF under the 2013 Directions?",
   "answer": "The eligible instruments are 91-Day Treasury Bills, 2-year, 5-year, and 10-year coupon-bearing notional Government of India security, and coupon-bearing Government of India security.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-402/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8621&Mode=0"
  },
  {
   "question": "What are the enhanced disclosures banks must now make?",
   "answer": "Banks must provide more detailed information on customer complaints in their annual reports, including pending and received complaints, as specified in the circular's annex. This goes beyond the summary disclosures previously required under the Master Circular on Customer Service.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12017&Mode=0"
  },
  {
   "question": "What are the enhanced investment limits for foreign portfolio investment in Indian equities?",
   "answer": "The enhanced investment limits have been introduced (specific limits not detailed in the source circular).",
   "page": "https://bankpulse.ai/c/rbi-2026-27-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13483&Mode=0"
  },
  {
   "question": "What are the exact deadlines for compliance?",
   "answer": "75% of ATMs must dispense ₹100 or ₹200 notes from at least one cassette by September 30, 2025, and 90% by March 31, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12844&Mode=0"
  },
  {
   "question": "What are the exact share linking percentages for borrowing?",
   "answer": "For secured borrowings, the share linking requirement is 2.5% of the loan amount; for unsecured borrowings, it is 5%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-307/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8485&Mode=0"
  },
  {
   "question": "What are the external benchmarks allowed under the new directions?",
   "answer": "The directions specify three external benchmarks: RBI policy Repo Rate, Government of India 3-month and 6-month Treasury Bill yields published by FBIL, and any other benchmark market interest rate published by FBIL.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-161/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13149&Mode=0"
  },
  {
   "question": "What are the four exemptions to the ban on director-related loans?",
   "answer": "The exemptions are: (1) regular employee-related loans to staff directors, (2) normal loans as applicable to members to directors of Salary Earners' UCBs, (3) normal employee loans to MDs/CEOs, and (4) loans to directors or their relatives against their own Government Securities, Fixed Deposits, or Life Insurance Policies standing in their own name.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12019&Mode=0"
  },
  {
   "question": "What are the four specific categories where this ban applies?",
   "answer": "The ban covers: (a) take-out financing schemes, (b) repayment of existing rupee loans for infrastructure sector companies, (c) spectrum allocation-related loans, and (d) general repayment of rupee loans as per the referenced circulars.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-585/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8871&Mode=0"
  },
  {
   "question": "What are the FPI investment limits for FY 2022-23?",
   "answer": "The limits remain unchanged: 6% of outstanding G-secs, 2% of outstanding SDLs, and 15% of outstanding corporate bonds. The absolute limits for each half-year are provided in Table-1 of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12295&Mode=0"
  },
  {
   "question": "What are the FPI investment limits for G-secs and SDLs for FY 2021-22?",
   "answer": "The limits remain unchanged at 6% of outstanding G-secs and 2% of outstanding SDLs. Absolute limits are revised for each half-year, as detailed in Table 1 of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12102&Mode=0"
  },
  {
   "question": "What are the implications for Agency Banks?",
   "answer": "Agency Banks will need to comply with the new guidelines for payment of agency commission and oversight.",
   "page": "https://bankpulse.ai/c/rbi-dgba-2026-27-400/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13443&Mode=0"
  },
  {
   "question": "What are the implications of non-compliance with the amended Directions?",
   "answer": "Non-compliance may result in risks under the PML Act, 2002 and PML Rules, 2005.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-162/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13238&Mode=0"
  },
  {
   "question": "What are the implications of non-compliance with the updated directions?",
   "answer": "Non-compliance may lead to regulatory action and potential penalties.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-148/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13162&Mode=0"
  },
  {
   "question": "What are the implications of non-compliance?",
   "answer": "Non-compliance with the amended directions may lead to regulatory issues and potential risks to the financial system.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-209/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13293&Mode=0"
  },
  {
   "question": "What are the implications of the directions for urban co-operative banks?",
   "answer": "The directions require urban co-operative banks to have board-approved policies, disclose information, and follow prudential norms for restructuring.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-287/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13018&Mode=0"
  },
  {
   "question": "What are the implications of these directions for rural co-operative banks?",
   "answer": "Banks must comply with the detailed instructions on due dates, SMA/NPA classification, and provisioning, and must follow more stringent state laws if applicable, to ensure accurate financial reporting.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-311/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12993&Mode=0"
  },
  {
   "question": "What are the implications of this amendment for Regional Rural Banks?",
   "answer": "Regional Rural Banks must review and update their internal policies and procedures to reflect the changes in the Directions and ensure compliance with the new requirements.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-19/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13386&Mode=0"
  },
  {
   "question": "What are the implications of this circular for AD banks?",
   "answer": "AD banks must bring the contents of this circular to the notice of their constituents and customers concerned.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12910&Mode=0"
  },
  {
   "question": "What are the incentives for banks?",
   "answer": "Banks will receive incentives for setting up Currency Chest (CC) infrastructure and facilitating distribution/exchange of notes and coins.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2026-27-393/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13360&Mode=0"
  },
  {
   "question": "What are the investment limits for RFPIs in Indian companies?",
   "answer": "The individual limit is below 10% and the aggregate limit is below 24% of the total paid-up equity capital or paid-up value of each series of convertible debentures. These limits must also respect any composite sectoral caps under FDI policy.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-533/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8787&Mode=0"
  },
  {
   "question": "What are the key areas covered in the circular?",
   "answer": "It covers forum structures (BLBC, DCC, SLBC), credit planning, banking penetration roadmaps, CD ratio monitoring, direct benefit transfer, service area approach, and digital payments ecosystem expansion.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-11/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12478&Mode=0"
  },
  {
   "question": "What are the key areas covered in the new Directions?",
   "answer": "The Directions cover customer acceptance policy, risk management, customer identification procedure (CIP), customer due diligence (CDD), enhanced/simplified due diligence, record management, and reporting to FIU-IND.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-266/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13040&Mode=0"
  },
  {
   "question": "What are the key areas covered under general controls?",
   "answer": "General controls include governance and management of security risks, application security life cycle, authentication framework, fraud risk management, reconciliation mechanism, and customer protection, awareness, and grievance redressal.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12032&Mode=0"
  },
  {
   "question": "What are the key aspects covered in the RBI directions for local area banks?",
   "answer": "Debit card issuance, co-branding arrangements, standard operating procedures, and redressal of grievances.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-230/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13077&Mode=0"
  },
  {
   "question": "What are the key benefits for banks in the sandbox?",
   "answer": "Banks gain firsthand understanding of new technologies, can test product viability without full-scale rollout costs, and collaborate with innovators to integrate useful innovations into their business plans.",
   "page": "https://bankpulse.ai/c/rbi-fd-2023-24-1/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13375&Mode=0"
  },
  {
   "question": "What are the key benefits for FPIs under VRR?",
   "answer": "FPIs investing through VRR are exempt from certain macro-prudential and regulatory norms applicable to regular FPI debt investments, provided they commit to retaining a minimum percentage of their investments in India for a specified period.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-156/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12228&Mode=0"
  },
  {
   "question": "What are the key benefits for non-banks getting direct access?",
   "answer": "Lower payment costs, reduced dependence on banks, faster settlement, and elimination of uncertainty in finality since settlement is in central bank money.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12133&Mode=0"
  },
  {
   "question": "What are the key changes in capital instrument requirements?",
   "answer": "The directions specify minimum loss absorbency requirements for Additional Tier 1 instruments at a pre-specified trigger and for all non-equity regulatory capital instruments at the point of non-viability.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-151/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13159&Mode=0"
  },
  {
   "question": "What are the key changes in fraud reporting?",
   "answer": "The new directions mandate a structured governance framework, early warning signals, red-flagged account classification, and specific reporting timelines to law enforcement agencies and RBI.",
   "page": "https://bankpulse.ai/c/rbi-dos-2024-25-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12702&Mode=0"
  },
  {
   "question": "What are the key changes in the amended Directions?",
   "answer": "The RE that last uploaded or updated the customer's KYC records in CKYCR is responsible for verifying identity/address. Banks downloading and relying on such records are not required to re-verify, provided records are current and compliant, but remain responsible for all other CDD aspects.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-162/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13238&Mode=0"
  },
  {
   "question": "What are the key changes in the amended entry?",
   "answer": "The amendment updates aliases, passport number (Syria D00000256 issued Feb 1, 2025), and other identifiers for the individual QDi.317.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12917&Mode=0"
  },
  {
   "question": "What are the key changes in the amendment directions?",
   "answer": "New definitions for 'Committee on lending to related parties', 'Contract or arrangement', 'Control', and 'Related Party', among others.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-180/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13256&Mode=0"
  },
  {
   "question": "What are the key changes in the new directions?",
   "answer": "The directions outline the terms and conditions for Agency Banks to act as agents for the RBI in conducting general banking business of the Central and State Governments.",
   "page": "https://bankpulse.ai/c/rbi-dgba-2026-27-400/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13443&Mode=0"
  },
  {
   "question": "What are the key changes in the RBI directions for urban co-operative banks?",
   "answer": "The directions provide a consolidated framework for resolution of stressed assets, rationalize compromise settlements, and specify the regulatory treatment for government debt relief schemes.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-287/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13018&Mode=0"
  },
  {
   "question": "What are the key changes in the RBI directions?",
   "answer": "The directions include early identification, reporting, and resolution processes for stressed assets, as well as a model operating procedure for participating in DRS.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-196/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13113&Mode=0"
  },
  {
   "question": "What are the key changes in the RBI's new Directions for small finance banks?",
   "answer": "The RBI has issued new Directions to align with international practices and the recommendations of the Committee on the Financial System, with a focus on ensuring consistency and transparency in financial reporting.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-195/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13114&Mode=0"
  },
  {
   "question": "What are the key changes in the revised definitions?",
   "answer": "The revised definitions provide clarity on related parties, control, and lending, and introduce new concepts such as Committee on lending to related parties and Key Managerial Personnel (KMP).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-175/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13251&Mode=0"
  },
  {
   "question": "What are the key changes in the updated directions?",
   "answer": "The updated directions regulate commercial banks' financial services, including equipment leasing, factoring, and insurance business, to ensure prudential regulations and consumer protection.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-148/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13162&Mode=0"
  },
  {
   "question": "What are the key changes in the updated guidelines?",
   "answer": "The updated guidelines consolidate instructions on credit facilities for urban co-operative banks, covering digital lending, gold and silver collateral, microfinance, project finance, housing finance, export credit, and more.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-277/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13028&Mode=0"
  },
  {
   "question": "What are the key changes in these directions?",
   "answer": "Stricter customer identification and due diligence procedures, enhanced risk management, and more stringent KYC/AML standards.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-200/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13109&Mode=0"
  },
  {
   "question": "What are the key changes introduced by RBI for NBFC-MFIs?",
   "answer": "RBI has introduced directions on governance, risk management, and prudential regulations for NBFC-MFIs to ensure stability in the financial system.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-371/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12933&Mode=0"
  },
  {
   "question": "What are the key changes introduced by the amendments?",
   "answer": "Modified definitions of 'agency business' and 'referral services', introduction of new terms, and consolidation of regulatory instructions on customer service and conduct aspects",
   "page": "https://bankpulse.ai/c/rbi-doc-13500/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13500&Mode=0"
  },
  {
   "question": "What are the key changes introduced by the new directions?",
   "answer": "The new directions introduce changes in investment portfolio classification, valuation, and operation, including initial recognition, subsequent measurement, reclassifications, sale of investments, fair value of investments, operational guidelines, income recognition, asset classification, and provisioning.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-162/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13148&Mode=0"
  },
  {
   "question": "What are the key changes introduced by the RBI?",
   "answer": "The RBI has introduced a new sub-sub paragraph (ix) under Chapter-III Disclosure in Financial Statements – Notes to Accounts, which requires details of aggregate unsecured advances and lending to nominal members.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13405&Mode=0"
  },
  {
   "question": "What are the key changes introduced by the second amendment directions?",
   "answer": "The key changes include modification of paragraph 51, introduction of incremental capital requirements for UCFE, and modification of paragraph 58(3) and Table 1.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13397&Mode=0"
  },
  {
   "question": "What are the key changes introduced by these directions?",
   "answer": "The key changes introduced by these directions include the classification of investments, valuation of investments, and operational guidelines for investment portfolio operations.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-214/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13094&Mode=0"
  },
  {
   "question": "What are the key changes to the concentration risk management guidelines?",
   "answer": "The changes modify the explanation to a specific paragraph, referencing country risk classifications published by the Export Credit Guarantee Corporation of India Limited.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13380&Mode=0"
  },
  {
   "question": "What are the key changes to the directions?",
   "answer": "Revised definitions for agency business, referral services, and regulated financial products and services",
   "page": "https://bankpulse.ai/c/rbi-doc-13499/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13499&Mode=0"
  },
  {
   "question": "What are the key changes to the NBFC directions?",
   "answer": "The amendments revise regulations governing agency business, including definitions and requirements for NBFCs.",
   "page": "https://bankpulse.ai/c/rbi-doc-13501/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13501&Mode=0"
  },
  {
   "question": "What are the key changes to the prudential norms?",
   "answer": "The amendments include changes to add-on factors for market-related off-balance sheet items and the risk weight for trade exposure to qualified central counterparties.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-240/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13330&Mode=0"
  },
  {
   "question": "What are the key compliance requirements?",
   "answer": "CCTV must cover all cash handling areas, including packing operations. Potdar must accompany soiled note remittances. All prior instructions on remittance must be followed meticulously.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-602/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8895&Mode=0"
  },
  {
   "question": "What are the key components of regulatory capital?",
   "answer": "The key components of regulatory capital are Common Equity Tier 1 (CET 1) Capital, Additional Tier 1 (AT 1) Capital, and Tier 2 capital, as per Chapter II of the Directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-211/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13097&Mode=0"
  },
  {
   "question": "What are the key components of the compensation policy required?",
   "answer": "The policy must include a Remuneration Committee, principles for fixed/variable pay structures, and malus/clawback provisions.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12303&Mode=0"
  },
  {
   "question": "What are the key conditions for financing land purchase?",
   "answer": "Banks can finance land purchase only if the borrower declares intent to construct a house on the plot within a period set by the bank. This ensures credit is used for construction, not speculation.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-08/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12475&Mode=0"
  },
  {
   "question": "What are the key conditions from the 2014 circular that still apply?",
   "answer": "The 2014 circular requires KYC compliance of beneficiary accounts and electronic transfer via modes such as NEFT/IMPS. The same conditions now extend to BBPS transfers.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12386&Mode=0"
  },
  {
   "question": "What are the key customer service requirements for NEFT that banks must follow?",
   "answer": "Banks must allow walk-in customers (non-account holders) to initiate NEFT, provide positive confirmation via SMS/email after credit, pay penal interest for delays, show NEFT credits/debits in passbooks/statements, and adhere to RBI-mandated charge caps.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-457/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8703&Mode=0"
  },
  {
   "question": "What are the key deadlines for LCs and disbursement?",
   "answer": "For project exports, the last date is 48 months from the scheduled completion date of the contract. For supply contracts, it is 72 months from the agreement execution date (July 4, 2013), i.e., by July 3, 2019.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-354/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8547&Mode=0"
  },
  {
   "question": "What are the key definitions in the RBI directions?",
   "answer": "The directions define key terms such as credit exposure, investment exposure, and group, which are used to determine exposure limits and norms.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-281/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13024&Mode=0"
  },
  {
   "question": "What are the key eligibility criteria for a CCO?",
   "answer": "The CCO must be a senior executive (preferably GM rank or equivalent, not below two levels from CEO), aged not more than 55 years, with at least 15 years of banking/financial services experience including 5 years in audit/finance/compliance/legal/risk management. No pending vigilance cases or adverse RBI observations are allowed.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11962&Mode=0"
  },
  {
   "question": "What are the key eligibility criteria for RRBs to access LAF and MSF?",
   "answer": "RRBs must have implemented Core Banking Solution (CBS), maintain a minimum CRAR of 9%, and be fully compliant with FMOD terms and conditions.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12004&Mode=0"
  },
  {
   "question": "What are the key financial criteria for amalgamation approval?",
   "answer": "The amalgamated entity must have CRAR above the regulatory minimum, Gross NPA below 7%, Net NPA below 5%, and adequate liquid assets. It should be profit-making and financially viable on a sustained basis.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12096&Mode=0"
  },
  {
   "question": "What are the key focus areas in this circular?",
   "answer": "Key areas include standardized forum structures (BLBC, DCC, SLBC), credit planning via Potential Linked Credit Plans, banking penetration roadmaps, credit-deposit ratio monitoring, and expanding digital payments.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12808&Mode=0"
  },
  {
   "question": "What are the key focus areas under the scheme?",
   "answer": "Key areas include credit planning, banking penetration in unbanked villages, CD ratio monitoring, direct benefit transfer, and expanding digital payments.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12064&Mode=0"
  },
  {
   "question": "What are the key forums under the Lead Bank Scheme?",
   "answer": "The key forums are Block Level Bankers' Committee, District Consultative Committee (DCC), District Level Review Committee (DLRC), and State Level Bankers' Committee (SLBC).",
   "page": "https://bankpulse.ai/c/rbi-2022-23-11/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12277&Mode=0"
  },
  {
   "question": "What are the key governance requirements under the new directions?",
   "answer": "Applicable NBFCs must have a board-approved fraud risk management policy that defines roles of the board, board committees, and senior management. The policy must include measures for natural justice, such as issuing detailed show cause notices to persons and entities involved.",
   "page": "https://bankpulse.ai/c/rbi-dos-2024-25-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12704&Mode=0"
  },
  {
   "question": "What are the key implications of RBI's directions for NBFC-MFIs?",
   "answer": "The directions will impact NBFC-MFIs, requiring them to strengthen their governance and risk management practices, comply with prudential regulations and directions, ensure transparency and disclosure in financial dealings, and implement robust internal controls and audit mechanisms.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-371/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12933&Mode=0"
  },
  {
   "question": "What are the key indicators and risk thresholds for PCA?",
   "answer": "The three indicators are CRAR (breach thresholds: up to 250 bps, 250-400 bps, >400 bps below minimum), Net NPA ratio (>=6%, >=9%, >=12%), and net profit (incurred losses during two consecutive years).",
   "page": "https://bankpulse.ai/c/rbi-2024-25-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12711&Mode=0"
  },
  {
   "question": "What are the key indicators for PCA monitoring?",
   "answer": "For deposit-taking and non-deposit-taking NBFCs (excluding CICs), indicators are CRAR, Tier I capital ratio, and net NPA ratio. For CICs, indicators are adjusted net worth/aggregate risk-weighted assets, leverage ratio, and net NPA ratio.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-139/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12208&Mode=0"
  },
  {
   "question": "What are the key irregular practices RBI found in gold loans?",
   "answer": "RBI found valuation without customer presence, inadequate due diligence, weak LTV monitoring, incorrect risk weights, lack of end-use monitoring for non-agri loans, and top-up loans without fresh appraisal, often used for evergreening.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12735&Mode=0"
  },
  {
   "question": "What are the key new chapters added?",
   "answer": "Chapter XIA on maintenance of cash credit, current, and overdraft accounts, and Chapter XII on loan system for delivery of bank credit.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-157/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13153&Mode=0"
  },
  {
   "question": "What are the key new items in the capital market exposure table?",
   "answer": "The table now includes 11 main items (i to xi) such as direct investment in equity, preference shares, convertible bonds, units of REITs/InvITs/AIFs, advances for share investment, credit to capital market intermediaries, acquisition finance, bridge finance, underwriting commitments, irrevocable payment commitments, and trade exposures, with sub-items under acquisition finance.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-214/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13298&Mode=0"
  },
  {
   "question": "What are the key objectives of these directions?",
   "answer": "The key objectives are to provide a framework for early recognition, reporting, and resolution of stressed assets, rationalize compromise settlements, and prudentially treat government debt relief schemes.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-312/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12992&Mode=0"
  },
  {
   "question": "What are the key obligations for Primary Dealers under this scheme?",
   "answer": "PDs may provide buy/sell quotes on NDS-OM odd-lot and RFQ segments for liquid securities throughout market hours, or as per time slots allocated by the Primary Dealers Association. They must respond to RFQ requests from RDG account holders with market-relevant quotes.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-147/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12216&Mode=0"
  },
  {
   "question": "What are the key principles regarding participation of banks in government debt relief schemes?",
   "answer": "The directions specify a model operating procedure for banks to follow while participating in government debt relief schemes.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-312/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12992&Mode=0"
  },
  {
   "question": "What are the key prohibited activities for bank finance to NBFCs?",
   "answer": "Prohibitions include bridge loans/interim finance, advances against collateral security of shares, and restrictions on guarantees for placement of funds with NBFCs.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12823&Mode=0"
  },
  {
   "question": "What are the key prudential requirements for ARCs under this direction?",
   "answer": "ARCs must maintain a minimum capital adequacy ratio, follow asset classification norms, and make provisions as specified in Section IV of the direction.",
   "page": "https://bankpulse.ai/c/rbi-dor-2024-25-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12669&Mode=0"
  },
  {
   "question": "What are the key reporting requirements for ARCs?",
   "answer": "ARCs must submit quarterly statements, audited balance sheets, data to credit information companies, and file transactions with the Central Registry and Information Utilities.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12484&Mode=0"
  },
  {
   "question": "What are the key reporting requirements for RCBs?",
   "answer": "RCBs must report credit information to all four registered CICs in specified data formats, adhere to reporting timelines, rectify rejected data, and maintain a good Data Quality Index (DQI).",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-304/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13000&Mode=0"
  },
  {
   "question": "What are the key reporting requirements?",
   "answer": "Banks must submit liquidity returns (Annex I), Basel III liquidity returns (Annex II), and interest rate sensitivity statements (Annex III) as per the periodicity in Chapter VIII. The exact frequency is not detailed in the source.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-194/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13115&Mode=0"
  },
  {
   "question": "What are the key requirements for payment system operators?",
   "answer": "The key requirements include eligibility criteria, investment in entities from non-compliant jurisdictions, and the validity period of the certificate of authorisation.",
   "page": "https://bankpulse.ai/c/rbi-dpss-2026-27-401/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13502&Mode=0"
  },
  {
   "question": "What are the key responsibilities for AD banks under this direction?",
   "answer": "AD banks must process overseas investment requests in compliance with the rules, ensure proper reporting, and bring the contents to the notice of their customers.",
   "page": "https://bankpulse.ai/c/rbi-fed-2024-25-121/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12710&Mode=0"
  },
  {
   "question": "What are the key responsibilities of the compliance function?",
   "answer": "The function must assist the board in implementing the compliance policy, identify compliance risks, monitor new products for at least six months, and ensure adherence to all statutory and regulatory requirements.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12389&Mode=0"
  },
  {
   "question": "What are the key risk management requirements for doorstep banking?",
   "answer": "Banks must set cash limits for employees/agents and customers, ensure customer agreements limit liability for service failures beyond bank control, and treat doorstep transactions with same liability as branch transactions. Agents must comply with outsourcing guidelines from RBI circular dated June 28, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12334&Mode=0"
  },
  {
   "question": "What are the key security concerns RRBs should address?",
   "answer": "RRBs must address issues like service levels, security, governance, compliance, liability, infrastructure security, and ensure business continuity, privacy, and confidentiality are fully maintained.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-335/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8524&Mode=0"
  },
  {
   "question": "What are the key settlement methods defined?",
   "answer": "The direction defines auction settlement (price determined via auction) and cash settlement (protection seller pays notional less expected recovery value).",
   "page": "https://bankpulse.ai/c/rbi-2021-22-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12226&Mode=0"
  },
  {
   "question": "What are the key sourcing requirements for exporters?",
   "answer": "At least 75% of the contract price must be supplied from India; the remaining 25% can be procured from outside India.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-623/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8917&Mode=0"
  },
  {
   "question": "What are the key steps banks must take to comply with the updated sanctions list?",
   "answer": "Banks must verify the identities of customers and check for any links to the removed individuals and entities, and update internal systems and procedures to reflect the changes in the sanctions list.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13460&Mode=0"
  },
  {
   "question": "What are the key tech requirements for V-CIP?",
   "answer": "The V-CIP application must prevent connections from outside India, use end-to-end encryption, record live GPS co-ordinates and date-time stamp, and include face liveness/spoof detection and face matching technology. The infrastructure must be housed in the RE's own premises and comply with RBI's cybersecurity framework.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12089&Mode=0"
  },
  {
   "question": "What are the key timelines for this LOC?",
   "answer": "The credit agreement is effective from November 26, 2013. For project exports, LCs must be opened and disbursed within 48 months from scheduled completion. For supply contracts, the deadline is 72 months from the execution date (September 8, 2019).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-405/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8629&Mode=0"
  },
  {
   "question": "What are the KYC requirements for SHG accounts under this circular?",
   "answer": "Banks must follow the Master Direction on KYC (dated February 25, 2016, as updated). For PAN/Form 60 submission, banks should refer to Section 33A(b) of that Master Direction.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12493&Mode=0"
  },
  {
   "question": "What are the KYC responsibilities when a non-custodian bank receives the remittance?",
   "answer": "Both the remittance-receiving bank and the final recipient (custodian) bank share joint KYC responsibility. The first bank knows the remitter and purpose, while the second bank has the recipient's perspective. The receiving bank must also issue an FIRC to the custodian bank.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-454/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8699&Mode=0"
  },
  {
   "question": "What are the last dates for opening LCs and disbursement?",
   "answer": "For project exports, 48 months from scheduled completion date; for supply contracts, 72 months from July 24, 2013 (i.e., July 23, 2019).",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-445/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8690&Mode=0"
  },
  {
   "question": "What are the last dates for opening Letters of Credit and disbursement?",
   "answer": "For project exports, it is 48 months from the scheduled completion date of the contract. For supply contracts, it is 72 months from the execution date of the Credit Agreement, i.e., July 10, 2019.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-462/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8710&Mode=0"
  },
  {
   "question": "What are the limits on unsecured guarantees for UCBs?",
   "answer": "Unsecured guarantees outstanding at any time must not exceed 25% of the bank's owned funds (paid-up capital + reserves) or 25% of the total amount of guarantees, whichever is less.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12187&Mode=0"
  },
  {
   "question": "What are the minimum stock requirements for coin denominations?",
   "answer": "All bank branches must maintain a minimum stock of one bag of coins in each denomination to ensure steady supply to bulk customers and Business Correspondents.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12154&Mode=0"
  },
  {
   "question": "What are the names of the two removed individuals?",
   "answer": "The removed entries are QDi.346: 'Abd al-Malik Muhammad Yusuf 'Uthman 'Abd-al-Salam (also known as 'Umar al-Qatari) and QDi.402: Nayif Salih Salim al-Qaysi (also known as Nayif al-Ghaysi).",
   "page": "https://bankpulse.ai/c/rbi-2021-22-178/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12250&Mode=0"
  },
  {
   "question": "What are the new capital instruments allowed for StCBs and DCCBs?",
   "answer": "RBI permits issuance of Perpetual Non-Cumulative Preference Shares (PNCPS) for Tier I capital, and Perpetual Cumulative Preference Shares (PCPS), Redeemable Non-Cumulative Preference Shares (RNCPS), Redeemable Cumulative Preference Shares (RCPS), and Long Term Subordinated Bonds (LTSB) for Tier II capital. Perpetual Debt Instruments (PDI) are also allowed for Tier I capital.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12297&Mode=0"
  },
  {
   "question": "What are the new criteria for asset classification?",
   "answer": "Significant downgrades in credit ratings, changes in collateral values, and other factors such as delay in payment of fees and expected changes in loan documentation.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13383&Mode=0"
  },
  {
   "question": "What are the new deadlines for LRS returns on CIMS?",
   "answer": "Monthly returns (R089) must be uploaded by the 5th of the following month, starting with December 2023 data due by January 5, 2024. Daily returns (R010) must be uploaded by the next working day from December 26, 2023 onward.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12575&Mode=0"
  },
  {
   "question": "What are the new definitions introduced by RBI?",
   "answer": "RBI has introduced definitions for Committee on lending to related parties, Contract or arrangement, Control, Director of a bank, Entity, Key Managerial Personnel (KMP), Lending, Person, Personal Loan, Promoter, Reciprocally Related Person, and Related Party.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-175/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13251&Mode=0"
  },
  {
   "question": "What are the new disclosure requirements?",
   "answer": "Disclosure of payment of DICGC insurance premiums within prescribed timelines and disclosure of arrears in payment of DICGC premiums",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-247/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13335&Mode=0"
  },
  {
   "question": "What are the new district codes for Pandhurna and Maihar?",
   "answer": "Pandhurna has been assigned district working code 02O (read as numeral zero, two, alphabet O), and Maihar has code 02P (read as numeral zero, two, alphabet P).",
   "page": "https://bankpulse.ai/c/rbi-2023-24-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12602&Mode=0"
  },
  {
   "question": "What are the new district working codes for BSR reporting?",
   "answer": "The new district working codes are: North Garo Hills (378), East Jaintia Hills (379), South West Khasi Hills (380), and South West Garo Hills (381).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-417/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8649&Mode=0"
  },
  {
   "question": "What are the new district working codes for BSR?",
   "answer": "Sarangarh-Bilaigarh: 01R, Khairagarh-Chhuikhadan-Gandai: 01P, Mohla-Manpur-Ambagarh Chouki: 01Q, Sakti: 01S, Manendragarh-Chirmiri-Bharatpur: 01T.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-161/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12434&Mode=0"
  },
  {
   "question": "What are the new facilities introduced for BSBD accounts?",
   "answer": "Free ATM cards, internet and mobile banking, and passbooks are introduced for BSBD accounts.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13176&Mode=0"
  },
  {
   "question": "What are the new forms for guarantee reporting?",
   "answer": "RBI has introduced three forms: Form GRN Issue for reporting guarantee issuance, Form GRN Modification for changes in guarantee terms, and Form GRN Invocation for reporting invocation of guarantees.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-02/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13358&Mode=0"
  },
  {
   "question": "What are the new FPI investment limits for FY 2026-27?",
   "answer": "The limits remain at 6% for G-Secs, 2% for SGSs, and 15% for corporate bonds of outstanding stock. Absolute limits are provided in Table 1 of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13366&Mode=0"
  },
  {
   "question": "What are the new housing loan limits for UCBs under the four-tier framework?",
   "answer": "For Tier-1 UCBs, the ceiling is ₹60 lakh per individual borrower. For UCBs classified under Tiers 2, 3, and 4, the limit is ₹140 lakh per individual borrower.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-159/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12432&Mode=0"
  },
  {
   "question": "What are the new individual housing loan limits for StCBs/DCCBs?",
   "answer": "For banks with assessed net worth less than ₹100 crore, the limit increased from ₹20 lakh to ₹50 lakh per borrower. For those with net worth equal to or more than ₹100 crore, the limit rose from ₹30 lakh to ₹75 lakh.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12335&Mode=0"
  },
  {
   "question": "What are the new investment limits for Central and State Government Securities for FY2026-27?",
   "answer": "For Central Government Securities, the limit is ₹4,62,490 crore for Apr-Sep 2026 and ₹4,77,006 crore for Oct 2026-Mar 2027. For State Government Securities, it is ₹1,53,043 crore and ₹1,64,242 crore respectively.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13464&Mode=0"
  },
  {
   "question": "What are the new investment thresholds for MSEs under MSMED Act?",
   "answer": "For manufacturing: micro enterprise investment in plant & machinery up to ₹25 lakh; small enterprise between ₹25 lakh and ₹5 crore. For services: micro enterprise equipment investment up to ₹10 lakh; small enterprise between ₹10 lakh and ₹2 crore.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-498/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8750&Mode=0"
  },
  {
   "question": "What are the new Lead Bank codes for the districts?",
   "answer": "The Lead Bank codes for the new districts are 02X (to be read as 'Numeral Zero, Numeral Two and Alphabet X') and 02Y (to be read as 'Numeral Zero, Numeral Two and Alphabet Y').",
   "page": "https://bankpulse.ai/c/rbi-2026-27-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13368&Mode=0"
  },
  {
   "question": "What are the new limits for UPI Lite offline transactions?",
   "answer": "The per-transaction limit has been increased to ₹1,000, and the total limit per payment instrument at any point in time is now ₹5,000.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12752&Mode=0"
  },
  {
   "question": "What are the new loan limits for housing repairs?",
   "answer": "For metropolitan centres (population 10 lakh and above), the ceiling is ₹10 lakh. For all other centres, it is ₹6 lakh.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-56/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12323&Mode=0"
  },
  {
   "question": "What are the new penal interest rates for reserve shortfalls?",
   "answer": "For shortfalls, the penal rate is now Bank Rate plus 3% (9.50%) or Bank Rate plus 5% (11.50%), depending on the duration of the shortfall.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12776&Mode=0"
  },
  {
   "question": "What are the new per capita PSL thresholds for weight adjustments?",
   "answer": "From FY2024-25, districts with per capita PSL below ₹9,000 get 125% weight, and those above ₹42,000 get 90% weight. Districts in between retain 100% weight.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12694&Mode=0"
  },
  {
   "question": "What are the new prefunding targets for BCs?",
   "answer": "RBI says prefunding should taper to around 15% of limits for deposits and 30% for bank guarantees within 2 years from when a BC starts operations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-570/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8848&Mode=0"
  },
  {
   "question": "What are the new prudential norms for CRE-RH?",
   "answer": "Risk weight reduced to 75% (from 100% for CRE) and standard asset provisioning reduced to 0.75% (from 1% for CRE).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-465/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8713&Mode=0"
  },
  {
   "question": "What are the new PSL target deadlines for UCBs?",
   "answer": "The overall PSL target is 60% of ANBC/CEOBSE by March 31, 2024, 65% by March 31, 2025, and 75% by March 31, 2026. The weaker sections sub-target is 11.50% by FY24, 11.75% by FY25, and 12% by FY26.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12515&Mode=0"
  },
  {
   "question": "What are the new reference dates for credit information submission?",
   "answer": "The reference dates are the 9th, 16th, 23rd, and last day of each month. Full files must be submitted by the 5th of the next month, and incremental accounts for the other dates must be submitted within 4 calendar days.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13182&Mode=0"
  },
  {
   "question": "What are the new reporting deadlines for banks?",
   "answer": "Full file for month-end (last day) must be submitted by 5th of next month. Incremental accounts for 9th, 16th, and 23rd must be submitted within 4 calendar days from those dates.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13180&Mode=0"
  },
  {
   "question": "What are the new reporting reference dates for UCBs?",
   "answer": "UCBs must submit credit information as on the 9th, 16th, 23rd, and last day of each month. The full file (all active and closed accounts) is due by the 5th of the next month, while incremental accounts for other dates must be submitted within 4 calendar days.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13184&Mode=0"
  },
  {
   "question": "What are the new reporting reference dates?",
   "answer": "NBFCs must report credit information as on the 9th, 16th, 23rd, and last day of each month.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13187&Mode=0"
  },
  {
   "question": "What are the new reporting requirements for LABs?",
   "answer": "LABs must submit single Form A return fortnightly from December 15, 2025 and monthly Form VIII return from December 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-152/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13229&Mode=0"
  },
  {
   "question": "What are the new reporting requirements?",
   "answer": "Banks must set a board-approved internal timeline and submit quarterly status reports to RBI. Boards must monitor progress to ensure compliance.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-190/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12263&Mode=0"
  },
  {
   "question": "What are the new requirements for digital lending arrangements?",
   "answer": "Banks must ensure that digital lending arrangements meet new requirements, including general requirements, conduct and customer protection, technology and data requirements, and reporting of credit information and DLAs.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-154/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13156&Mode=0"
  },
  {
   "question": "What are the new rules for foreign portfolio investment in Indian equities?",
   "answer": "All individual persons resident outside India are now allowed to invest in equity instruments of listed Indian companies on a recognised stock exchange with enhanced limits, subject to RBI guidelines and applicable SEBI regulations.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13483&Mode=0"
  },
  {
   "question": "What are the new SDF and MSF rates?",
   "answer": "The standing deposit facility rate is now 5.15% and the marginal standing facility rate is 5.65%.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12369&Mode=0"
  },
  {
   "question": "What are the new session timings for CTS?",
   "answer": "The presentation session timing is now 9:00 AM to 3:00 PM, and the confirmation session timing is 9:00 AM to 7:00 PM.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-156/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13232&Mode=0"
  },
  {
   "question": "What are the new sub-sectors added to infrastructure lending?",
   "answer": "Hotels with project cost over Rs 200 crore each (any star rating, any location in India) and convention centres with project cost over Rs 300 crore each.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-378/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8591&Mode=0"
  },
  {
   "question": "What are the new subvention caps per IEC?",
   "answer": "The annual cap is ₹10 crore per IEC. For MSME manufacturer exporters, a ₹5 crore cap applies till September 30, 2024. For non-MSME manufacturer and merchant exporters, the cap is ₹2.5 crore per IEC till June 30, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12734&Mode=0"
  },
  {
   "question": "What are the new thresholds for divergence disclosure from FY2023-24?",
   "answer": "For commercial banks, additional NPA provisioning exceeding 5% of reported profit before provisions and contingencies, or additional gross NPAs exceeding 5% of reported incremental gross NPAs, triggers disclosure. For UCBs, the provisioning threshold is also 5%, but the incremental gross NPA threshold is 15% (subject to review).",
   "page": "https://bankpulse.ai/c/rbi-2022-23-130/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12401&Mode=0"
  },
  {
   "question": "What are the new uniform provisioning rates for standard assets?",
   "answer": "For all UCBs: 0.25% for direct advances to agriculture and SME, 1.00% for CRE, 0.75% for CRE-RH, and 0.40% for all other standard loans and advances.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12491&Mode=0"
  },
  {
   "question": "What are the norms for inclusion in the Second Schedule to the Reserve Bank of India Act, 1934?",
   "answer": "The norms include a CRAR of at least 3 per cent more than the minimum CRAR requirement applicable to the bank and no major regulatory and supervisory concerns. These norms apply to StCBs.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13190&Mode=0"
  },
  {
   "question": "What are the notified amounts for each security?",
   "answer": "The notified amounts are: ₹11,000 crore for 6.03% GS 2029, ₹11,000 crore for 6.68% GS 2033, ₹5,000 crore for 7.24% GS 2055, and ₹5,000 crore for 7.50% GOI SGrB 2056.",
   "page": "https://bankpulse.ai/c/rbi-doc-62956/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62956"
  },
  {
   "question": "What are the other terms and conditions of the extant LAF Scheme?",
   "answer": "All other terms and conditions of the extant LAF Scheme remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12854&Mode=0"
  },
  {
   "question": "What are the penalties for banks if they fail to comply?",
   "answer": "Under Section 11(3) of FEMA, RBI can impose penalties on authorized persons for contravening directions or failing to file required returns. Banks must ensure robust systems to avoid such penalties.",
   "page": "https://bankpulse.ai/c/rbi-fed-2024-25-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12736&Mode=0"
  },
  {
   "question": "What are the penalties for deficiency in rendering customer service?",
   "answer": "Banks will be penalized for deficiency in rendering customer service, including penalties for ATM cash-out and deficiency in operations of CCs.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2026-27-393/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13360&Mode=0"
  },
  {
   "question": "What are the penalties for non-compliance with this directive?",
   "answer": "Non-submission or wrong reporting of data in OSMOS returns attracts penalties as specified under the Banking Regulation Act, 1949, as per the powers vested in RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-250/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8405&Mode=0"
  },
  {
   "question": "What are the penalties for non-compliance?",
   "answer": "The source does not specify penalties; compliance is required to avoid regulatory action.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-277/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13028&Mode=0"
  },
  {
   "question": "What are the penalties for not impounding a detected counterfeit note?",
   "answer": "Failure to impound is considered wilful involvement in circulating counterfeit notes, and the RBI will impose penalties on the bank.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12273&Mode=0"
  },
  {
   "question": "What are the phased CRAR targets for Tier 2-4 UCBs?",
   "answer": "Tier 2-4 UCBs must achieve CRAR of at least 10% by March 31, 2024, 11% by March 31, 2025, and 12% by March 31, 2026. Tier 1 UCBs continue with a minimum CRAR of 9%.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12490&Mode=0"
  },
  {
   "question": "What are the phased reduction milestones?",
   "answer": "The HTM limit for SLR securities must not exceed 21% of NDTL as on June 30, 2022, 20% as on September 30, 2022, and 19.5% as on December 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11982&Mode=0"
  },
  {
   "question": "What are the RBI Digital Lending Guidelines?",
   "answer": "The Reserve Bank's Digital Lending Guidelines, first issued in 2022 and consolidated into a Master Direction, govern how regulated lenders — banks and NBFCs — may lend through digital channels and the apps and platforms (Lending Service Providers) they work with. Their central principle is that all loan disbursals and repayments must flow directly between the borrower's bank account and the regulated lender, with no pass-through or pooling through the account of a Lending Service Provider or app. Lenders must give every borrower a standardised Key Fact Statement setting out the all-in Annual Percentage Rate (APR), fees and the cooling-off period during which a borrower can exit by repaying the principal and proportionate APR without penalty. The rules also require clear disclosure of which regulated entity is actually lending, a grievance-redressal route, and tighter controls on how borrower data is collected and stored. Supervision sits with the RBI, and the exact obligations are set in the consolidated Master Direction and circulars linked on this page. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What are the regulatory requirements for 'NBFCs not availing public funds and not having any customer interface'?",
   "answer": "NBFCs with asset size less than ₹1,000 crore are exempted from provisions of sections 45IA and 45IC of the RBI Act, 1934, subject to conditions including application for deregistration by December 31, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13407&Mode=0"
  },
  {
   "question": "What are the reporting forms for CRR and SLR?",
   "answer": "For CRR, scheduled co-operative banks use Form B, while non-scheduled banks use Form I under Section 18 of the Banking Regulation Act. For SLR, all co-operative banks use Form I under Section 24 of the same Act.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-299/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13005&Mode=0"
  },
  {
   "question": "What are the reporting requirements for CRR and SLR?",
   "answer": "CRR is reported via Form B Return for Scheduled Co-operative Banks and Form I Return for non-scheduled Co-operative Banks. SLR is reported via Form I Return for all Co-operative Banks.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-274/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13031&Mode=0"
  },
  {
   "question": "What are the reporting requirements for transactions under Schedule III of the Rules?",
   "answer": "The reporting of such transactions and monitoring of investment limits shall be undertaken in the same manner as is presently followed for investments by NRIs/OCIs.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13483&Mode=0"
  },
  {
   "question": "What are the reporting requirements for wilful defaulters?",
   "answer": "UCBs must report cases of wilful default of ₹25 lakh and above, and borrowal accounts classified as doubtful/loss with outstanding of ₹1 crore and above, in the format specified in Annex 3 of the master circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12288&Mode=0"
  },
  {
   "question": "What are the reporting requirements if we find a match?",
   "answer": "You must report the details to FIU-IND and also advise the Ministry of Home Affairs as required under the UAPA notification dated February 2, 2021, referenced in the Master Direction.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-170/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12446&Mode=0"
  },
  {
   "question": "What are the reporting timelines for payment frauds under DAKSH?",
   "answer": "Entities must report payment frauds within 7 calendar days from the date of customer reporting or detection by the entity, as per existing guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-158/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12431&Mode=0"
  },
  {
   "question": "What are the requirements for other member banks during special clearing?",
   "answer": "They must keep their inward clearing processing infrastructure open during special clearing hours and maintain sufficient balance in their clearing settlement account to meet settlement obligations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-536/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8791&Mode=0"
  },
  {
   "question": "What are the restrictions on refinancing SPVs through REIT lending?",
   "answer": "Refinancing is allowed only for completed projects that have received Completion Certificate or Occupancy Certificate. Lending cannot be used to fund SPVs with existing loans facing financial difficulty as per RBI's stressed assets directions.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13478&Mode=0"
  },
  {
   "question": "What are the revised guidelines for microfinance?",
   "answer": "The revised guidelines include definitions of microfinance, assessment of household income, limit on loan repayment obligations of a household, and other provisions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-154/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13156&Mode=0"
  },
  {
   "question": "What are the revised interest equalisation rates under the extended scheme?",
   "answer": "MSME manufacturer exporters get 3% on all HS lines; other manufacturer and merchant exporters get 2% on 410 HS lines (excluding six telecom HS lines).",
   "page": "https://bankpulse.ai/c/rbi-2021-22-180/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12252&Mode=0"
  },
  {
   "question": "What are the rules for overseas branches of scheduled commercial banks?",
   "answer": "They can acquire only 'not in default' loan exposures from a financial entity that is operating and regulated as a bank in the host jurisdiction. They can transfer both 'in default' and 'not in default' exposures of resident entities.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12166&Mode=0"
  },
  {
   "question": "What are the rules on returning property documents?",
   "answer": "Lenders are required to release original movable and immovable property documents within a defined window after full repayment, with compensation payable for delays. The specific timeline and penalty are set out in the applicable RBI circular linked below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What are the settlement and trading details?",
   "answer": "Settlement is on April 21, 2014. The securities are eligible for ready forward facility and 'When Issued' trading from April 15 to April 17, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-563/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8839&Mode=0"
  },
  {
   "question": "What are the SMA sub-categories and their basis?",
   "answer": "SMA-0: principal or interest not overdue >30 days but showing incipient stress; SMA-1: overdue 31-60 days; SMA-2: overdue 61-90 days.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-503/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8754&Mode=0"
  },
  {
   "question": "What are the SMA sub-categories and their overdue thresholds?",
   "answer": "SMA-0: principal or interest payment not overdue for more than 30 days but showing signs of incipient stress; SMA-1: overdue between 31-60 days; SMA-2: overdue between 61-180 days.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-528/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8782&Mode=0"
  },
  {
   "question": "What are the sources of reserve money?",
   "answer": "On the sources side of the RBI balance sheet, reserve money is created by net foreign assets of the RBI (its forex reserves, the largest source in recent years), net RBI credit to the Government, RBI credit to banks and the commercial sector, and the Government's currency liabilities to the public, less the RBI's net non-monetary liabilities.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What are the sourcing requirements for exporters under this LoC?",
   "answer": "At least 75% of the contract price must be supplied from India; the remaining 25% can be procured from outside India for the eligible contract.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-160/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12232&Mode=0"
  },
  {
   "question": "What are the sourcing requirements for exporters?",
   "answer": "At least 75% of the contract price must be supplied from India; the remaining 25% can be procured from outside India.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12698&Mode=0"
  },
  {
   "question": "What are the sourcing requirements for exports under this LOC?",
   "answer": "At least 75% of the contract price must be supplied from India; the remaining 25% can be procured from outside India.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-289/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8458&Mode=0"
  },
  {
   "question": "What are the sourcing requirements under this LoC?",
   "answer": "At least 75% of contract value must be supplied from India; the remaining 25% can be procured from outside India.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-181/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12253&Mode=0"
  },
  {
   "question": "What are the sourcing requirements?",
   "answer": "At least 75% of the contract price must be supplied from India; the remaining 25% can be procured from outside India.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-353/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8548&Mode=0"
  },
  {
   "question": "What are the specific timings for special clearing?",
   "answer": "Presentation clearing is between 17:00 and 17:30 hours, and return clearing is between 19:00 and 19:30 hours on March 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-188/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12261&Mode=0"
  },
  {
   "question": "What are the submission deadlines for these returns?",
   "answer": "Monthly returns must be submitted by the 7th of the succeeding month. Quarterly returns must be submitted by the 10th of the succeeding month. For December 2025, the deadlines are January 7 and January 10, 2026 respectively.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-172/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13248&Mode=0"
  },
  {
   "question": "What are the subscription and issuance dates for Series VII?",
   "answer": "Subscription opens from October 25 to 29, 2021, and the issuance date is November 2, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12180&Mode=0"
  },
  {
   "question": "What are the subscription and issuance dates for SGB 2023-24 Series I?",
   "answer": "Subscription opens from June 19 to June 23, 2023, and the bonds will be issued on June 27, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12517&Mode=0"
  },
  {
   "question": "What are the subscription dates for SGB 2021-22 Series I?",
   "answer": "Series I subscription opens from May 17 to May 21, 2021, with issuance on May 25, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12093&Mode=0"
  },
  {
   "question": "What are the subscription dates for SGB Series I and II?",
   "answer": "Series I subscription runs from June 20 to June 24, 2022, with issuance on June 28. Series II is from August 22 to August 26, 2022, issued on August 30.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12340&Mode=0"
  },
  {
   "question": "What are the subscription dates for SGB Series III and IV?",
   "answer": "Series III subscription is open from December 19 to December 23, 2022, with issuance on December 27, 2022. Series IV subscription runs from March 6 to March 10, 2023, with issuance on March 14, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-156/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12429&Mode=0"
  },
  {
   "question": "What are the subscription dates for SGB Series VII?",
   "answer": "Series VII subscription opens October 12-16, 2020, with issuance on October 20, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11980&Mode=0"
  },
  {
   "question": "What are the subvention rates under the extended scheme?",
   "answer": "The rates remain unchanged: 2% for manufacturers and merchant exporters exporting under specified 410 HS lines, and 3% for MSME manufacturers exporting under any HS line.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12610&Mode=0"
  },
  {
   "question": "What are the three entries deleted from the UNSC sanctions list?",
   "answer": "The deleted entries are Al-Haramain Islamic Foundation (Bosnia), Al-Haramain Islamic Foundation (Somalia), and Al-Haramain Foundation (Indonesia).",
   "page": "https://bankpulse.ai/c/rbi-2021-22-152/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12221&Mode=0"
  },
  {
   "question": "What are the timings for the special clearing?",
   "answer": "Presentation clearing is between 5:00 PM and 5:30 PM, and return clearing is between 7:00 PM and 7:30 PM on March 31, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12047&Mode=0"
  },
  {
   "question": "What are the two interoperable QR codes that will continue?",
   "answer": "UPI QR and Bharat QR are the two interoperable QR codes that will remain in use. All proprietary QR codes must be migrated to one or both of these standards.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-59/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11987&Mode=0"
  },
  {
   "question": "What are the two returns being migrated to CIMS?",
   "answer": "The monthly PPI Statistics return (code R100) and the quarterly PPI Customer Grievances return (code R360).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-172/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13248&Mode=0"
  },
  {
   "question": "What are the updated project finance guidelines?",
   "answer": "The updated guidelines include prudential conditions related to sanction, disbursement, and monitoring, as well as other provisions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-154/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13156&Mode=0"
  },
  {
   "question": "What are the withdrawal limits for ICCW?",
   "answer": "Withdrawal limits for ICCW transactions are the same as those for regular on-us/off-us ATM withdrawals.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12321&Mode=0"
  },
  {
   "question": "What are topic clusters on BankPulse?",
   "answer": "Topic clusters group BankPulse's simplified RBI coverage into broad themes — retail lending, compliance and prudential, digital payments, and NBFC and co-operative banking — each linking the underlying topic pages, the mapped Master Direction families, and the relevant live dashboards.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What arrangements should banks make for this operation?",
   "answer": "Banks should inform linked branches and make necessary arrangements for smooth operation on March 31, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-142/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12641&Mode=0"
  },
  {
   "question": "What aspects are covered under the Master Directions?",
   "answer": "The Master Directions cover aspects such as computation of net-worth, voluntary surrender of authorization, and investment in entities from non-compliant jurisdictions.",
   "page": "https://bankpulse.ai/c/rbi-doc-62941/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62941"
  },
  {
   "question": "What aspects do the new directions cover?",
   "answer": "Advertising, marketing, and sale of financial products, including third-party products",
   "page": "https://bankpulse.ai/c/rbi-doc-62938/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62938"
  },
  {
   "question": "What aspects must banks cover in their board-approved policies?",
   "answer": "Banks must cover aspects such as debit card issuance, co-branding arrangements, and grievance redressal in their board-approved policies.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-213/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13095&Mode=0"
  },
  {
   "question": "What benchmarks should we use instead of MIFOR?",
   "answer": "The updated list includes MMIFOR, MIBOR, USD/INR Reference Rate, Treasury Bill Rates, Valuation of Government Securities, and Valuation of SDLs. MMIFOR is the direct replacement for MIFOR.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12519&Mode=0"
  },
  {
   "question": "What benefits do HFCs get from being notified as financial institutions?",
   "answer": "They are notified as 'Financial Institution' under Section 2(1)(m)(iv) of SARFAESI Act, which may enable them to enforce security interests under that Act.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12151&Mode=0"
  },
  {
   "question": "What can forex counters in the security hold area do?",
   "answer": "They can only buy Indian rupees from non-residents and sell foreign currency to them. They cannot sell Indian rupees to non-residents in that area.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-259/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8417&Mode=0"
  },
  {
   "question": "What can the bond proceeds be used for?",
   "answer": "The funds can be used for on-lending or relending to the infrastructure sector, or kept in fixed deposits with banks in India until they are utilized for permissible end-uses.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-416/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8648&Mode=0"
  },
  {
   "question": "What capital ratios must Indian banks maintain?",
   "answer": "Banks must hold a minimum total capital ratio plus a capital conservation buffer against risk-weighted assets, with the highest-quality common equity meeting its own floor. The precise levels are in the applicable circular below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What categories can non-bank PAs choose for authorization?",
   "answer": "They can apply for Export only (PA-CB-E), Import only (PA-CB-I), or both Export and Import (PA-CB-E&I).",
   "page": "https://bankpulse.ai/c/rbi-2023-24-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12561&Mode=0"
  },
  {
   "question": "What categories of undue benefits are covered?",
   "answer": "Benefits granted to ineligible borrowers, excess benefits extended to borrowers, and charges/interest claimed or debited wrongfully.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-376/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8583&Mode=0"
  },
  {
   "question": "What CD ratio does the RBI consider comfortable?",
   "answer": "There is no statutory cap, but the RBI has generally treated the high-70s to about 80% range as the upper edge of a comfortable band for the system. Individual banks vary widely — foreign banks have historically run higher ratios, while some public-sector banks run lower. A very low CD ratio can signal under-lending, while a very high one signals funding stress.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What changed for FII investment in Security Receipts?",
   "answer": "The limit was increased from 49% to 74% of each tranche's paid-up value, and the earlier 10% individual FII cap per tranche has been removed, though sectoral caps and corporate bond limits still apply.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-191/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8318&Mode=0"
  },
  {
   "question": "What changed for UCBs regarding PSL reporting?",
   "answer": "UCBs no longer need to submit Statement I and II to DoS regional offices. Instead, they must report PSL data using the format at Sl. No. 61 of Annex III of the Master Direction on Filing of Supervisory Returns (2024).",
   "page": "https://bankpulse.ai/c/rbi-2024-25-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12694&Mode=0"
  },
  {
   "question": "What changed recently for LAP borrowers?",
   "answer": "The biggest shifts in recent years have been around transparent pricing — the Key Facts Statement, clearer rules on penal charges versus penal interest, and the borrower's right to switch to a fixed rate or foreclose floating-rate loans. The cluster pages below track each change with its official source.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What changes are required in loan policy for MSEs?",
   "answer": "Banks must review their loan policy to incorporate board-approved credit scoring models for evaluating MSE loan proposals.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-564/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8840&Mode=0"
  },
  {
   "question": "What changes for authentication when using a third-party app?",
   "answer": "For transactions on the PPI issuer's own app, existing wallet credentials are used. For third-party apps, UPI credentials (like UPI PIN) will be required.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12756&Mode=0"
  },
  {
   "question": "What charges apply for transactions above ₹50,000?",
   "answer": "For transactions up to ₹50,000, existing charges as per the 2009 circular apply. For amounts above ₹50,000, the charges prescribed by State Bank of India will apply.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12155&Mode=0"
  },
  {
   "question": "What commodities are eligible for indirect exposure hedging?",
   "answer": "Only aluminium, copper, lead, zinc, nickel, and tin are eligible for indirect exposure. This list will be reviewed annually.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-153/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12428&Mode=0"
  },
  {
   "question": "What commodities are excluded from hedging under this Direction?",
   "answer": "Gems and precious stones are excluded. Gold hedging is allowed only as per specific provisions in Para 5(ii) of the Direction.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12427&Mode=0"
  },
  {
   "question": "What conditions must a promoter meet to buy back assets from an ARC?",
   "answer": "The buyback must help minimize litigation costs, prevent asset value erosion, or aid restructuring. The ARC must value the asset considering current settlement value, time-related changes, statutory dues, and other recovery factors, all under a board-approved policy.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-523/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8776&Mode=0"
  },
  {
   "question": "What conditions must banks verify before allowing advance remittance?",
   "answer": "Banks must ensure the overseas mining company has GJEPC recommendation, the importer is a recognized processor with good track record, the transaction is bonafide, and remittance is made directly to the beneficiary. KYC and anti-conflict diamond checks are mandatory.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-548/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8815&Mode=0"
  },
  {
   "question": "What conditions must be met for the MHP exemption?",
   "answer": "Two conditions: (1) residual maturity of receivables at transfer must not exceed 90 days, and (2) the transferee must conduct proper credit appraisal of the bill drawee before acquisition.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12582&Mode=0"
  },
  {
   "question": "What conditions must be met for write-off approval?",
   "answer": "The amount must be outstanding for over one year, with documentary evidence of recovery efforts. The exporter must be a regular customer for at least 6 months, KYC/AML compliant, and the bank must be satisfied with bonafides. The case must fall under specific categories like buyer insolvency, untraceable buyer, or where legal action is disproportionate.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12005&Mode=0"
  },
  {
   "question": "What costs are excluded from the project cost threshold?",
   "answer": "The eligible project cost excludes cost of land and lease charges but includes interest during construction.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-386/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8600&Mode=0"
  },
  {
   "question": "What counts as a 'dark pattern' under these rules?",
   "answer": "Dark patterns are deceptive UI/UX designs that trick users into unintended actions, like pre-checked boxes, confusing cancellation flows, or hidden fees. RBI says these amount to misleading ads or unfair trade practices. RRBs must remove such designs from all digital channels.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13489&Mode=0"
  },
  {
   "question": "What counts as CASA vs term deposits?",
   "answer": "CASA = Current Account + Savings Account balances. Current accounts (mainly businesses) pay no interest; savings accounts pay a low regulated/administered rate. Everything else -- fixed deposits, recurring deposits and other time deposits -- is term (time) deposits, which pay higher, tenor-linked interest. The CASA ratio is CASA divided by total deposits. The exact figure depends on the bank and on whether period-end or average balances are used, so system-wide numbers here are rounded and approximate.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What counts as priority sector lending (PSL)?",
   "answer": "Priority Sector Lending (PSL) is the Reserve Bank’s requirement that banks channel a defined share of their credit to sectors of the economy that might not otherwise receive adequate or timely finance. The eligible categories set by the Financial Inclusion and Development Department (FIDD) are agriculture; micro, small and medium enterprises (MSMEs); export credit; education; housing; social infrastructure; renewable energy; and lending to weaker sections. Domestic scheduled commercial banks and foreign banks with 20 or more branches must direct 40% of their Adjusted Net Bank Credit (ANBC) to the priority sector, with internal sub-targets — broadly 18% to agriculture and 7.5% to micro enterprises — and shortfalls are parked in funds such as the Rural Infrastructure Development Fund (RIDF). The exact categories, weights and sub-targets are set in the consolidated Master Directions linked on this page. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What counts as priority sector lending?",
   "answer": "Under the RBI Master Direction on Priority Sector Lending, eligible categories include agriculture, micro/small/medium enterprises (MSME), export credit, education, housing (within prescribed loan limits), social infrastructure, renewable energy and lending to weaker sections. The aim is to channel bank credit to segments of the economy that might otherwise be under-served.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What counts as priority-sector lending?",
   "answer": "Eligible categories include agriculture, micro/small/medium enterprises, export credit, education, housing within defined limits, social infrastructure, renewable energy and lending to weaker sections, each with its own conditions.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What CRAR must Tier 2 to 4 UCBs maintain, and by when?",
   "answer": "Tier 2 to 4 UCBs must maintain a minimum CRAR of 12% of RWAs. Those not meeting it currently must achieve at least 10% by March 31, 2024, 11% by March 31, 2025, and 12% by March 31, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12816&Mode=0"
  },
  {
   "question": "What currencies can be used for settlement now?",
   "answer": "Any permitted currency can be used, meaning currencies that are freely convertible and allowed under FEMA. The circular does not restrict to specific currencies.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12357&Mode=0"
  },
  {
   "question": "What customer service rules must banks follow?",
   "answer": "Banks must comply with para 7 of the July 1, 2015 Master Circular on 'Customer Service in Banks', which covers aspects like queue management and timely processing.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12310&Mode=0"
  },
  {
   "question": "What data dashboards does BankPulse offer?",
   "answer": "BankPulse runs five live dashboards built from official RBI data: the repo-rate timeline, credit & deposit growth, a composite bank-health scorecard, the NPA / asset-quality tracker and the RBI penalty tracker.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What data do banks need to submit to RBI?",
   "answer": "Banks must maintain daily data on deposit and exchange of ₹2000 notes in the format prescribed in the May 22, 2023 circular and submit it to RBI as before.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12540&Mode=0"
  },
  {
   "question": "What data fields are required in the disclosure?",
   "answer": "The prescribed format includes branch name, state, borrower name, guarantor name (if applicable), registered addresses, outstanding amount, asset classification, date of classification, details of security possessed, and name of title holder.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12539&Mode=0"
  },
  {
   "question": "What data formats are accepted for online reports?",
   "answer": "MHA accepts data in Excel, CSV, or txt formats. Detailed instructions are in the user guide available at the provided MHA link.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-297/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8470&Mode=0"
  },
  {
   "question": "What data must be sent on the 9th, 16th and 23rd of each month?",
   "answer": "Only incremental accounts – new openings, closures, any change in balance, repayment, demographic updates, guarantor details, account type or overdue status – must be transmitted within four days of each date.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13181&Mode=0"
  },
  {
   "question": "What defines an 'inoperative account' for this rule?",
   "answer": "The circular does not define 'inoperative account' explicitly, but generally it refers to accounts with no customer-initiated transactions for a specified period (often 12 or 24 months). Banks should apply their existing definition consistently.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-580/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8867&Mode=0"
  },
  {
   "question": "What deposits are exempt from CRR and SLR?",
   "answer": "Fresh FCNR(B) deposits of minimum 3 years and maximum 5 years tenor mobilized (including renewals) by Regional Rural Banks from June 8, 2026 to September 30, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13475&Mode=0"
  },
  {
   "question": "What derivative products are now allowed for SFBs?",
   "answer": "SFBs can now deal in all permissible rupee interest rate derivative products as defined in the Rupee Interest Rate Derivatives Directions, 2019, not just Interest Rate Futures.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12668&Mode=0"
  },
  {
   "question": "What details must banks provide when transferring funds to DEAF?",
   "answer": "Banks must furnish their unique Bank DEAF Code and a detailed breakup of deposits including number of accounts and amounts for interest-bearing, non-interest-bearing, and other credits.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-614/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8907&Mode=0"
  },
  {
   "question": "What determines an NBFC's layer under the new framework?",
   "answer": "Layer classification is based on asset size, deposit-taking status, and activity type. For example, non-deposit taking NBFCs with assets below ₹1000 crore are in the Base Layer, while those with assets ₹1000 crore and above are in the Middle Layer. The Upper Layer includes NBFCs identified by RBI using a scoring methodology, with the top 10 by asset size always included.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12179&Mode=0"
  },
  {
   "question": "What devices are now covered under tokenisation?",
   "answer": "Tokenisation now covers laptops, desktops, wearables like wrist watches and bands, and Internet of Things (IoT) devices, in addition to mobile phones and tablets.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12152&Mode=0"
  },
  {
   "question": "What digital channels must banks provide for KYC updation?",
   "answer": "Banks must enable KYC updation through mobile/internet banking, non-home branches, and Video Customer Identification Process (VCIP).",
   "page": "https://bankpulse.ai/c/rbi-2024-25-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12750&Mode=0"
  },
  {
   "question": "What disclosure is required for the restructuring portion?",
   "answer": "The scheme must upfront disclose the extent of funds to be used for restructuring, and those funds must be separately accounted for.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-522/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8775&Mode=0"
  },
  {
   "question": "What disclosure requirements apply when issuing these instruments?",
   "answer": "Banks must state in bold (Arial 14) in all communications that the instrument is different from a fixed deposit and not covered by deposit insurance. Investors must sign an acknowledgment that they understand the terms and risks. Floating rate instruments cannot use the bank's fixed deposit rate as benchmark.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12297&Mode=0"
  },
  {
   "question": "What disclosures are required?",
   "answer": "ARCs must disclose ageing of unrealised management fee in annual financial statements, including amounts outstanding, breakdown by period, and allowances held.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-182/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12458&Mode=0"
  },
  {
   "question": "What disqualifies a private sector bank from becoming an agency bank?",
   "answer": "A bank under Prompt Corrective Action (PCA) framework or moratorium at the time of application or signing the agreement with RBI is not eligible.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12090&Mode=0"
  },
  {
   "question": "What do foreign exchange reserves include?",
   "answer": "India's reserves have four components: foreign currency assets (the largest share, held in instruments such as US Treasuries and deposits), gold, Special Drawing Rights (SDRs) allocated by the IMF, and India's reserve tranche position at the IMF.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What do the compliance themes in the RBI penalty tracker mean?",
   "answer": "BankPulse groups each penalty into a likely theme from keywords in the RBI headline: KYC / AML (customer due diligence and anti-money-laundering); IRAC / asset classification (income recognition, asset classification and provisioning); Exposure and credit norms (limits on loans, advances and credit concentration); Deposit and customer rules (deposit, interest-rate, nomination and customer-service rules); Governance and reporting (fraud reporting, cyber, disclosures and supervisory returns); and Digital payments / PPI (prepaid instruments, wallets, UPI and payment systems). Penalties matching no theme are shown as Unclassified.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What do the varied acceptance amounts indicate?",
   "answer": "The varied acceptance amounts suggest that investors are discriminating between states and tenors, likely based on their credit perceptions and return expectations",
   "page": "https://bankpulse.ai/c/rbi-doc-62944/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62944"
  },
  {
   "question": "What document must banks obtain from exporters under this circular?",
   "answer": "Banks must obtain a Self-Declaration from exporters in the format given in the annex, confirming they are not availing PLI for the same segment covered by the IES application.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12327&Mode=0"
  },
  {
   "question": "What documentation is needed for exchanging pre-2005 notes from July 1, 2014?",
   "answer": "For non-customers exchanging more than 10 pieces of Rs 500 or Rs 1000 notes, banks must obtain proof of identity and residence.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-467/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8715&Mode=0"
  },
  {
   "question": "What documentation is required for a home loan to construct a house?",
   "answer": "Banks must obtain a copy of the sanctioned building plan from the competent authority in the borrower's name and an affidavit-cum-undertaking that construction will follow the approved plan.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12282&Mode=0"
  },
  {
   "question": "What documentation is required for merchanting trade transactions?",
   "answer": "AD banks must verify documents such as invoice, packing list, transport documents, and insurance documents. If originals are not available, non-negotiable copies authenticated by the handling bank may be accepted.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-545/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8812&Mode=0"
  },
  {
   "question": "What documentation must banks check before processing?",
   "answer": "Banks must verify the TRQ holder's validity under DGFT Notification No.44/2023 and ensure the import is under the specified ITC(HS) codes through IIBX.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12604&Mode=0"
  },
  {
   "question": "What documents are covered by this extension?",
   "answer": "The extension covers Entrepreneurs Memorandum Part II, Udyog Aadhaar Memoranda obtained till June 30, 2020, and classification documents under the March 2017 OM. All remain valid for MSME classification until March 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-161/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12233&Mode=0"
  },
  {
   "question": "What documents are mandatory for an SGB application?",
   "answer": "Every application must include valid PAN details issued by the Income Tax Department. For online applications, the investor's email ID must also be provided and uploaded on the Ekuber portal.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12517&Mode=0"
  },
  {
   "question": "What documents are needed for asset transfer approval?",
   "answer": "A statutory auditor certificate with asset details (date of acquisition, original price, depreciation, book value, sale consideration), confirmation of no revaluation, and proof of inward remittance for asset acquisition.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-640/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8939&Mode=0"
  },
  {
   "question": "What documents are needed for settling claims under this circular?",
   "answer": "Only two documents: the death certificate issued by the designated officer under the MHA circular and a letter of indemnity.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-350/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8544&Mode=0"
  },
  {
   "question": "What documents are needed for Uttarakhand disaster missing person claims?",
   "answer": "Only two documents: a death certificate from the designated officer under the MHA circular and a letter of indemnity. No other paperwork is required.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-331/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8519&Mode=0"
  },
  {
   "question": "What documents are needed initially to open an NRO account for a foreign student?",
   "answer": "A valid passport with appropriate visa and immigration endorsement (showing identity and home country address), a photograph, and a letter of admission from the educational institution.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-272/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8436&Mode=0"
  },
  {
   "question": "What documents are needed to apply for Second Schedule inclusion?",
   "answer": "You need a board resolution authorizing the application and naming authorized officials, plus the bank's published balance sheets for the last three years.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12601&Mode=0"
  },
  {
   "question": "What documents are needed to open an NRO account for a foreign student under this circular?",
   "answer": "The student must provide a passport with valid visa and immigration endorsement (proof of identity and home address), a photograph, and a letter of admission from the educational institution.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-210/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8359&Mode=0"
  },
  {
   "question": "What documents are needed to settle a claim for a missing person in the Uttarakhand disaster?",
   "answer": "Only the death certificate issued by the designated officer under the MHA circular and a letter of indemnity are required.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-347/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8541&Mode=0"
  },
  {
   "question": "What documents are needed to settle claims for missing persons in the Uttarakhand disaster?",
   "answer": "Only two documents: the death certificate issued by the designated officer under the MHA circular and a letter of indemnity. No other documentation is required.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-349/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8543&Mode=0"
  },
  {
   "question": "What documents are now required for a corporate to establish a business relationship with an AMC?",
   "answer": "A certified copy of the Certificate of Incorporation, Memorandum & Articles of Association, PAN Card, Telephone Bill, and a list of officials authorized by the MD/CFO (with names, designations, and signatures) are needed. Board Resolution and Power of Attorney are no longer required.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-455/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8700&Mode=0"
  },
  {
   "question": "What documents are required for SGB applications?",
   "answer": "Every application must include valid PAN details issued by the Income Tax Department. For online applications, the investor's email ID must be provided and uploaded on the RBI's Ekuber portal along with subscription details.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-156/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12429&Mode=0"
  },
  {
   "question": "What documents do we need from the custodian?",
   "answer": "Hard copies of KYC documents furnished by the FPIs to the custodian/intermediary, verified with originals or notarized copies where applicable, certified by the custodian. Maintain a signed transfer record.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-552/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8824&Mode=0"
  },
  {
   "question": "What documents do we need to submit for relaxation?",
   "answer": "You must provide supporting documents showing IRDA's capital call, the amount needed, and how the 50% cap is a constraint. Also demonstrate compliance with conditions from the February 2004 circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-383/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8596&Mode=0"
  },
  {
   "question": "What documents form the basis of these guidelines?",
   "answer": "The guidelines are based on BCBS documents from September 2008 and December 2010, revised in January 2013 and January 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-635/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8934&Mode=0"
  },
  {
   "question": "What documents must banks collect from SGB applicants?",
   "answer": "Banks must collect a valid PAN card from each investor and ensure online applications include the investor's email ID.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12340&Mode=0"
  },
  {
   "question": "What documents must investors provide when applying?",
   "answer": "Investors must submit a completed application form (Form A or similar), valid PAN details issued by the Income Tax Department, and for online applications, an email ID.",
   "page": "https://bankpulse.ai/c/rbi-2023-2024-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12569&Mode=0"
  },
  {
   "question": "What does 'ceased to be a banking company' mean for Abu Dhabi Commercial Bank PJSC?",
   "answer": "It means the entity is no longer considered a banking company under the Banking Regulation Act, 1949, and thus not subject to the same regulatory requirements as banks in India.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-188/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12464&Mode=0"
  },
  {
   "question": "What does 'regularise through compounding' mean for AIFs?",
   "answer": "It means AIFs that issued partly paid units to foreign investors before the March 2024 rule change can now apply to RBI for compounding, which involves paying a penalty to regularise the violation, instead of facing stricter enforcement.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12686&Mode=0"
  },
  {
   "question": "What does a falling GNPA ratio year-on-year mean?",
   "answer": "A year-on-year fall in the gross NPA ratio generally signals improving asset quality, helped by loan recoveries, upgrades, write-offs and faster growth in new advances. Analysts confirm the improvement is genuine by also checking slippage, net NPA and provision coverage.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does CRAR mean in banking?",
   "answer": "CRAR (Capital to Risk-weighted Assets Ratio) is a bank’s capital expressed as a percentage of its risk-weighted exposures — the cushion it holds to absorb losses. Indian banks must keep CRAR at a minimum of 11.5% including the capital conservation buffer.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does exclusion from the Second Schedule mean for Credit Suisse AG?",
   "answer": "It means Credit Suisse AG is no longer a scheduled bank under the RBI Act, 1934, which may affect its eligibility for certain RBI facilities and its regulatory treatment in India.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12724&Mode=0"
  },
  {
   "question": "What does exclusion from the Second Schedule mean for Kapol Co-operative Bank?",
   "answer": "It loses its scheduled bank status, which means it can no longer borrow from RBI under normal liquidity windows, and its deposits may not be considered for certain statutory purposes like SLR.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-14/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12659&Mode=0"
  },
  {
   "question": "What does exclusion from the Second Schedule mean for LVB?",
   "answer": "It means LVB is no longer a scheduled bank under the RBI Act, losing access to central bank facilities like liquidity adjustments and priority sector lending benefits.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12087&Mode=0"
  },
  {
   "question": "What does exclusion from the Second Schedule mean for Nagar Urban Co-operative Bank?",
   "answer": "It loses its Scheduled Bank status, which means it can no longer avail RBI's refinance facilities, access the call money market as a borrower, or enjoy certain regulatory relaxations. It also affects its credibility and may trigger higher provisioning requirements for counterparties.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12695&Mode=0"
  },
  {
   "question": "What does exclusion from the Second Schedule mean?",
   "answer": "It means the bank is no longer recognized as a scheduled bank under the RBI Act, 1934, and has ceased to be a banking company for regulatory purposes.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11972&Mode=0"
  },
  {
   "question": "What does inclusion in the Second Schedule mean for a bank?",
   "answer": "It grants scheduled bank status under the RBI Act, entitling the bank to borrow from RBI, access clearing house facilities, and enjoy other privileges. It also imposes stricter regulatory compliance.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-357/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8624&Mode=0"
  },
  {
   "question": "What does inclusion in the Second Schedule mean for a co-operative bank?",
   "answer": "It means the bank is recognized as a scheduled bank under the RBI Act, 1934, entitling it to borrow from RBI, access clearing house facilities, and enjoy higher depositor confidence.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-174/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12246&Mode=0"
  },
  {
   "question": "What does inclusion in the Second Schedule mean for Airtel Payments Bank?",
   "answer": "It means the bank is now a scheduled bank under the RBI Act, entitling it to borrow from RBI, access clearing houses, and maintain lower reserve ratios, while being subject to stricter regulatory oversight.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-148/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12217&Mode=0"
  },
  {
   "question": "What does inclusion in the Second Schedule mean for Bharatiya Mahila Bank?",
   "answer": "It grants scheduled bank status under the RBI Act, 1934, entitling the bank to access RBI's liquidity facilities, statutory reserve benefits, and participation in the interbank market as a scheduled entity.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-599/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8892&Mode=0"
  },
  {
   "question": "What does inclusion in the Second Schedule mean for Fino Payments Bank?",
   "answer": "It becomes a scheduled bank under the RBI Act, gaining access to RBI's liquidity adjustment facility and other central bank services, while also being subject to statutory reserve requirements.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12034&Mode=0"
  },
  {
   "question": "What does inclusion in the Second Schedule mean for NongHyup Bank?",
   "answer": "It becomes a scheduled bank under the RBI Act, as indicated by the notification dated June 20, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12523&Mode=0"
  },
  {
   "question": "What does inclusion in the Second Schedule mean for Paytm Payments Bank?",
   "answer": "It means the bank is now a scheduled bank under the RBI Act, 1934, entitling it to borrow from the RBI at the bank rate and access clearing house facilities, while also being required to maintain CRR and SLR.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12176&Mode=0"
  },
  {
   "question": "What does inclusion in the Second Schedule mean for Shivalik Small Finance Bank?",
   "answer": "It means the bank is now a scheduled bank under the RBI Act, which enhances its regulatory status and allows it to access central bank facilities like liquidity support.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-68/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12127&Mode=0"
  },
  {
   "question": "What does inclusion in the Second Schedule mean for these RRBs?",
   "answer": "It grants them scheduled bank status under the RBI Act, 1934, allowing access to central bank facilities like liquidity support and clearing services.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-474/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8722&Mode=0"
  },
  {
   "question": "What does inclusion in the Second Schedule mean for UBS AG?",
   "answer": "It means UBS AG is now recognized as a scheduled bank under the RBI Act, 1934, which subjects it to certain regulatory benefits and obligations, including access to RBI facilities.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-65/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12726&Mode=0"
  },
  {
   "question": "What does inclusion in the Second Schedule mean for Unity Small Finance Bank?",
   "answer": "It becomes a scheduled bank under the RBI Act, entitling it to borrow from RBI, access clearing houses, and enjoy statutory benefits like SLR and CRR treatment.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12349&Mode=0"
  },
  {
   "question": "What does inclusion in the Second Schedule mean for Vishweshwar Sahakari Bank?",
   "answer": "It becomes a scheduled bank, gaining access to RBI's lending window at the bank rate and other privileges, while also facing enhanced regulatory oversight.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12853&Mode=0"
  },
  {
   "question": "What does it mean for Krung Thai Bank to cease as a banking company?",
   "answer": "It means the bank no longer qualifies as a banking company under the Banking Regulation Act, 1949, which may impact its operations and regulatory status in India.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12725&Mode=0"
  },
  {
   "question": "What does net injection or net absorption mean?",
   "answer": "Net injection means the RBI is, on balance, adding cash to the banking system (the system is in deficit and the RBI lends via repo/VRR/MSF). Net absorption means the RBI is, on balance, draining cash (the system is in surplus and the RBI mops up via reverse repo/SDF/VRRR). India's system liquidity has recently been in a modest surplus of the order of Rs 1.5 lakh crore, so the RBI has mostly been absorbing.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the BankPulse bank health score not measure?",
   "answer": "The composite reflects system-level prudential aggregates from the RBI Financial Stability Report, not individual-bank ratings, governance quality or forward-looking stress scenarios. It is rebuilt whenever the RBI releases new data, and every figure links to its official RBI source. BankPulse is an independent platform and is not affiliated with the RBI.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the compliance and prudential cluster cover?",
   "answer": "It covers the prudential and conduct rules banks must follow: KYC and AML, priority-sector lending, the capital-adequacy and Basel framework, and deposit and interest-rate rules. These are the areas RBI inspects and, where breached, penalises.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the credit-to-GDP ratio measure?",
   "answer": "The credit-to-GDP ratio measures the stock of credit extended to the private sector by banks as a share of the economy's annual output (GDP). It is a standard gauge of how 'deep' or developed a financial system is. A rising ratio usually signals deepening financial intermediation; a very rapid rise can also flag a credit boom, which is why the Basel framework tracks the credit-to-GDP 'gap' as an early-warning indicator for the countercyclical capital buffer.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the digital payments cluster cover?",
   "answer": "It covers the RBI's payment-and-settlement-system rules, including UPI and digital-payment directions, customer-protection and authorisation norms, and the supervisory expectations that apply to payment operations.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the headline UPI number leave out?",
   "answer": "NPCI's published UPI totals exclude Credit Card on UPI and Credit Line on UPI, so the true level of UPI-rail usage is somewhat higher than the headline figure.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the NBFC and co-operative banking cluster cover?",
   "answer": "It covers the RBI's scale-based regulation of NBFCs and the supervisory framework for urban and rural co-operative banks, including prudential norms, asset classification and governance expectations for these entity types.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the new 'control' definition mean for my bank's FDI processing?",
   "answer": "It broadens the criteria for determining control beyond shareholding to include rights to appoint directors or influence policy via agreements. You must assess all such factors when approving FDI under automatic or government routes.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-255/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8413&Mode=0"
  },
  {
   "question": "What does the RBI Consumer Protection family cover?",
   "answer": "Customer service, grievance redress & the ombudsman scheme. On BankPulse this family groups 13 RBI documents we track, grouped by the RBI issuing-department code CEPD.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI Currency Management family cover?",
   "answer": "Note circulation, clean-note policy & coin distribution. On BankPulse this family groups 91 RBI documents we track, anchored by 5 consolidated Master Directions / Master Circulars, grouped by the RBI issuing-department code DCM.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI Department of Regulation family cover?",
   "answer": "Prudential, licensing & governance norms for banks and NBFCs. On BankPulse this family groups 2302 RBI documents we track, anchored by 12 consolidated Master Directions / Master Circulars, grouped by the RBI issuing-department code DOR.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI Enforcement family cover?",
   "answer": "RBI Enforcement Department actions — monetary penalty orders on regulated entities for non-compliance. Enforcement actions, not a Master Direction rulebook. On BankPulse this family groups 2 RBI documents we track, grouped by the RBI issuing-department code EFD.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI Financial Inclusion & Priority Sector family cover?",
   "answer": "Priority-sector lending, RRBs, co-operative credit & inclusion. On BankPulse this family groups 893 RBI documents we track, anchored by 10 consolidated Master Directions / Master Circulars, grouped by the RBI issuing-department code FIDD.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI Financial Markets Regulation family cover?",
   "answer": "Money, G-Sec, forex & derivative market regulation. On BankPulse this family groups 232 RBI documents we track, anchored by 2 consolidated Master Directions / Master Circulars, grouped by the RBI issuing-department code FMRD.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI Foreign Exchange (FEMA) family cover?",
   "answer": "FEMA rules for cross-border trade, investment & remittances. On BankPulse this family groups 939 RBI documents we track, anchored by 88 consolidated Master Directions / Master Circulars, grouped by the RBI issuing-department code FED.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI General / Cross-departmental family cover?",
   "answer": "RBI communications not tied to a single issuing department (press releases, auction results, market operations). On BankPulse this family groups 8 RBI documents we track, anchored by 1 consolidated Master Direction / Master Circular.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI Government & Bank Accounts family cover?",
   "answer": "Government banking, agency banks & related accounts. On BankPulse this family groups 176 RBI documents we track, anchored by 32 consolidated Master Directions / Master Circulars, grouped by the RBI issuing-department code DGBA.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI Information Technology & Cyber family cover?",
   "answer": "RTGS/NDS systems, IT infrastructure, outsourcing & cyber-resilience circulars. On BankPulse this family groups 15 RBI documents we track, grouped by the RBI issuing-department code DIT.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI Internal Debt Management family cover?",
   "answer": "Government securities issuance, auctions & primary dealers. On BankPulse this family groups 148 RBI documents we track, anchored by 6 consolidated Master Directions / Master Circulars, grouped by the RBI issuing-department code IDMD.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI NBFC Regulation family cover?",
   "answer": "Non-banking financial company regulation. On BankPulse this family groups 318 RBI documents we track, anchored by 14 consolidated Master Directions / Master Circulars, grouped by the RBI issuing-department code DNBR.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI Payment & Settlement Systems family cover?",
   "answer": "Authorisation and oversight of payment systems, UPI, PPIs & cards. On BankPulse this family groups 259 RBI documents we track, anchored by 2 consolidated Master Directions / Master Circulars, grouped by the RBI issuing-department code DPSS.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does the RBI Supervision family cover?",
   "answer": "Supervisory framework, inspections & risk assessment. On BankPulse this family groups 73 RBI documents we track, grouped by the RBI issuing-department code DOS.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What does ‘compulsory bundling’ mean under the new directions?",
   "answer": "It refers to making the availment of one product or service by a customer conditional upon availment of another product or service, whether own or third-party, offered by the SFB.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13486&Mode=0"
  },
  {
   "question": "What does ‘date of invocation’ mean in the new directions?",
   "answer": "It refers to the agreed date when the borrower and the bank formalise a resolution plan under Chapter IV‑A, unless a deemed invocation occurs as per earlier provisions.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13411&Mode=0"
  },
  {
   "question": "What due diligence is required for these exempted accounts?",
   "answer": "Banks must verify signatures, confirm identity, and ensure transaction genuineness before allowing operations, but without causing inconvenience to the customer.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-313/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8491&Mode=0"
  },
  {
   "question": "What events are covered under 'calamity' in the new chapter?",
   "answer": "Natural calamities recognized under NDRF/SDRF, and external events like riots or disturbances that cause loss to economic activity, as declared by central or state governments.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13426&Mode=0"
  },
  {
   "question": "What exact wording should be used for the premium disclosure?",
   "answer": "State that the applicable deposit insurance premium was paid to DICGC within the prescribed timelines; if not, mention the amount of premium that remains unpaid.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-246/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13338&Mode=0"
  },
  {
   "question": "What exactly are non-deliverable derivative contracts (NDDCs) involving the Rupee?",
   "answer": "These are derivative contracts where the settlement is in a foreign currency (typically USD) rather than in rupees, used for hedging or speculation when onshore rupee delivery is restricted or not preferred.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12897&Mode=0"
  },
  {
   "question": "What exactly changed in the sanctions list?",
   "answer": "Only the IMO numbers of two existing entries were amended. No new individuals or entities were added, and no entries were deleted.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12390&Mode=0"
  },
  {
   "question": "What exactly do I need to do with these new UAPA listings?",
   "answer": "You must immediately add the three entries—Jammu and Kashmir Ghaznavi Force, Harwinder Singh Sandhu @ Rinda, and Khalistan Tiger Force (including all manifestations and front organisations)—to your AML screening systems. Then, run a retrospective check on your existing customer base and transactions. Any match must be reported to FIU-IND and the Ministry of Home Affairs as per the UAPA order of February 2, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-183/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12459&Mode=0"
  },
  {
   "question": "What exactly does RBI consider an honorary board-level title?",
   "answer": "Examples include Chairman Emeritus, Group Chairman, or any similar designation not recognized in banking statutes or regulations, whether remunerated or not.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12299&Mode=0"
  },
  {
   "question": "What exactly has been deleted from the earlier master directions?",
   "answer": "Paragraphs 1 to 12 of the Master Direction on External Commercial Borrowings, Trade Credits and Structured Obligations, paragraph 2 of the Master Direction on Borrowing and Lending in INR between Residents and NRIs/PIOs, and Part I of the FAQs on ECB and Trade Credits have been deleted.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-221/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13305&Mode=0"
  },
  {
   "question": "What exactly is an 'upfront disbursal' housing loan?",
   "answer": "It's a scheme where the bank pays the entire loan amount to the builder at once, instead of in stages as construction progresses. The builder often pays the borrower's EMI during construction.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-247/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8402&Mode=0"
  },
  {
   "question": "What exactly is banned under this circular?",
   "answer": "Banks cannot make upfront lump-sum disbursal of sanctioned housing loans to builders for incomplete or greenfield projects. Disbursals must be linked to stages of construction.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-217/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8366&Mode=0"
  },
  {
   "question": "What exactly is being deferred?",
   "answer": "The application of exposure limits under the Large Exposures Framework (LEF) to non-centrally cleared derivatives is deferred until September 30, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12041&Mode=0"
  },
  {
   "question": "What exactly is prohibited under this circular?",
   "answer": "UCBs cannot disburse the entire sanctioned housing loan amount upfront to builders for incomplete or under-construction projects. Disbursals must be linked to stages of construction.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-268/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8429&Mode=0"
  },
  {
   "question": "What exactly is the new NPI provision movement table?",
   "answer": "It requires LABs to disclose a table showing the opening balance of provisions for non-performing investments, additions during the year, write-offs or write-backs, and the closing balance, all in ₹ crore.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13459&Mode=0"
  },
  {
   "question": "What exactly must banks disclose in their annual reports?",
   "answer": "Banks must disclose whether deposit insurance premium was paid to DICGC within prescribed timelines. If there are arrears in payment, that must also be disclosed.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-243/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13333&Mode=0"
  },
  {
   "question": "What exactly must be disclosed in Schedule 1?",
   "answer": "Banks must disclose the amount held under Section 11(2)(b)(i) of the BR Act that is earmarked as Credit Risk Mitigation for non-centrally cleared derivative exposures to Head Office, along with a note that this amount is not counted for regulatory capital or other statutory requirements.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-167/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13243&Mode=0"
  },
  {
   "question": "What exactly must be disclosed in the annual report?",
   "answer": "Banks must disclose whether DICGC insurance premium was paid within prescribed timelines. If there are arrears, those must also be disclosed.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-244/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13334&Mode=0"
  },
  {
   "question": "What exactly must be included in the 'incremental accounts' submission?",
   "answer": "Incremental accounts cover accounts opened since the last reference date, accounts where the borrower relationship ended, accounts with changes due to borrower actions (repayment, outstanding balance change, demographic updates, related party/guarantor/ownership changes, account type changes), and accounts with changes in days past due.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13189&Mode=0"
  },
  {
   "question": "What exactly must payments banks disclose under the new rule?",
   "answer": "Banks must disclose in their annual report whether the deposit insurance premium was paid to DICGC within prescribed timelines. If there are arrears, those must also be disclosed.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-245/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13336&Mode=0"
  },
  {
   "question": "What exactly needs to be geo-tagged?",
   "answer": "All physical payment acceptance infrastructure, including PoS terminals (mobile, soft, desktop, kiosk, Android, non-Android) and QR codes (Bharat QR, UPI QR). Banking infrastructure like ATMs, CDMs, and micro-ATMs are also covered.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-187/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12260&Mode=0"
  },
  {
   "question": "What exchange rate should be used for converting ECB into equity?",
   "answer": "The exchange rate prevailing on the date of the agreement between the parties for conversion should be applied.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-449/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8695&Mode=0"
  },
  {
   "question": "What exposures are exempt from the 15% single-counterparty limit?",
   "answer": "Only clearing exposure, which includes trade exposure and default fund exposure as defined in RBI's July 2, 2013 circular, is exempt. Other exposures like loans, credit lines, investments in CCP capital, and liquidity facilities remain within the limit.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-430/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8674&Mode=0"
  },
  {
   "question": "What facilities must be offered free in a BSBD account?",
   "answer": "Free facilities include cash deposits, receipt of money via any channel, ATM/debit card (no annual fee), cheque book with minimum 25 leaves per year, internet/mobile banking, passbook or monthly statement, and at least four free withdrawals per month (including ATM transactions).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13179&Mode=0"
  },
  {
   "question": "What facilities must we provide for low-vision customers at branches?",
   "answer": "You must provide magnifying glasses at all branches and display a prominent notice about their availability and other facilities for persons with disabilities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-608/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8901&Mode=0"
  },
  {
   "question": "What factors must the Board consider before declaring dividends?",
   "answer": "The Board must consider interim dividends paid, RBI findings on NPA divergence and provisioning shortfalls, auditor qualifications, minimum regulatory capital requirements, and the bank's long-term growth plans.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-199/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13110&Mode=0"
  },
  {
   "question": "What file formats are accepted for online reports?",
   "answer": "MHA accepts data in Excel, CSV, or txt formats. Detailed instructions are in the user guide linked in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-280/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8445&Mode=0"
  },
  {
   "question": "What formats should we use for claiming commission?",
   "answer": "Use the formats given in Annex 2, Annex 2A, and Annex 2B of the Master Circular, along with the required certificates from branch officials and chartered/cost accountants.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12516&Mode=0"
  },
  {
   "question": "What forms are being replaced by the new EDF?",
   "answer": "The EDF replaces the existing GR and PP forms for export of goods from non-EDI ports.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-254/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8411&Mode=0"
  },
  {
   "question": "What forms can margin take when posted in India?",
   "answer": "Margin posted and collected in India must be in forms specified in the Directions, which include cash, government securities, and other eligible instruments as detailed in the full text.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-34/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12683&Mode=0"
  },
  {
   "question": "What free facilities must RRBs provide in BSBD accounts?",
   "answer": "RRBs must offer free cash deposits, electronic receipts, ATM cards, cheque books (min 25 leaves/year), internet/mobile banking, passbooks, and at least four free withdrawals per month. Digital payment transactions like UPI and NEFT are excluded from withdrawal limits.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13177&Mode=0"
  },
  {
   "question": "What gold standards are acceptable for repayment?",
   "answer": "The gold must meet India Good Delivery Standard (IGDS) or LBMA Good Delivery Standards (LGDS). It must be delivered directly by the refiner or a central agency acceptable to the bank, without the borrower handling the gold.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12117&Mode=0"
  },
  {
   "question": "What governance reforms apply to urban co-operative banks?",
   "answer": "Reforms have emphasised board-level professional expertise, a board of management, tighter exposure norms to single and group borrowers, and clearer supervisory-action thresholds. The specific instructions are tracked below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What guidelines must AD Category-II entities follow for online Form A2?",
   "answer": "They must frame their own guidelines with board approval, within the existing statutory and regulatory framework, and comply with FEMA 1999 and the KYC Master Direction 2016.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12489&Mode=0"
  },
  {
   "question": "What happened to the Rs 2000 note?",
   "answer": "The RBI announced the withdrawal of the Rs 2000 banknote from circulation in May 2023. The note remains legal tender, but the vast majority has been returned to the banking system, leaving it at roughly 0.2% of the value of banknotes in circulation. Holders can still deposit or exchange remaining Rs 2000 notes through the RBI's prescribed facility.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What happens after asset transfer is approved?",
   "answer": "AD banks must ensure closure of LO/BO/PO as per existing circulars (e.g., para 5(iii) of Circular No.24/2009 for LO/BO, para 5 of Circular No.37/2003 for POs). Credits from asset transfer are permissible, and documents must be preserved for audit.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-640/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8939&Mode=0"
  },
  {
   "question": "What happens after February 28, 2014?",
   "answer": "From March 1, 2014, interest rates on NRE deposits cannot exceed the rates offered by the same bank on comparable domestic rupee deposits, reverting to the pre-August 14, 2013 position.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-476/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8725&Mode=0"
  },
  {
   "question": "What happens after January 31, 2014?",
   "answer": "The ceiling is subject to review by RBI. Banks should watch for further circulars before that date for any changes.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-396/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8615&Mode=0"
  },
  {
   "question": "What happens after October 31, 2022?",
   "answer": "The concessions are temporary and subject to review. Banks should be prepared for the previous interest rate restrictions to be reinstated unless RBI extends or modifies the relaxation.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12350&Mode=0"
  },
  {
   "question": "What happens after registration on APConnect?",
   "answer": "After registration, entities must use APConnect for all approvals, renewals, and return submissions. They must also surrender their old licence to the RBI Regional Office upon confirmation.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12485&Mode=0"
  },
  {
   "question": "What happens after the overseas borrowing matures?",
   "answer": "The facility to on-lend is available only until the maturity or repayment of the overseas foreign currency borrowing, after which no new on-lending is allowed under this window.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12356&Mode=0"
  },
  {
   "question": "What happens if a bank cannot deliver the foreign currency on the contracted date under the forward-forward swap?",
   "answer": "The bank must pay the difference between the concessional swap rate contracted and the market swap rate, plus an additional 100 basis points as penalty.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-377/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8585&Mode=0"
  },
  {
   "question": "What happens if a bank cannot survive the baseline shocks?",
   "answer": "The guidelines require banks to be able to survive at least the baseline shocks. Failure to do so would indicate inadequate resilience, and banks may need to take corrective actions to strengthen their capital and risk management.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-390/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8605&Mode=0"
  },
  {
   "question": "What happens if a bank does not assign a separate product code?",
   "answer": "The account may still be classified as inoperative after two years of no transactions, potentially blocking government benefit credits. Banks are advised to comply to avoid customer inconvenience and operational issues.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-262/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8425&Mode=0"
  },
  {
   "question": "What happens if a bank fails to complete classification within six months?",
   "answer": "The amendment does not specify consequences; banks must comply from April 1, 2027.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13384&Mode=0"
  },
  {
   "question": "What happens if a bank fails to comply with the new submission method?",
   "answer": "The circular is issued under FEMA sections 10(4) and 11(1), so non-compliance may attract regulatory action. Banks are advised to put infrastructure in place promptly.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-306/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8484&Mode=0"
  },
  {
   "question": "What happens if a bank fails to comply with the September 30, 2013 deadline?",
   "answer": "Non-compliant banks must compensate cardholders for any fraudulent POS transactions occurring after that date. The issuing bank pays the customer within 7 working days, with a Rs.100 per day penalty for delays, and recovers from the acquiring bank.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-296/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8469&Mode=0"
  },
  {
   "question": "What happens if a bank fails to comply with these directions?",
   "answer": "RBI may proceed against the defaulting bank under Section 11(3) of FEMA, 1999 and take any action deemed necessary.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-265/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8427&Mode=0"
  },
  {
   "question": "What happens if a bank fails to impound a counterfeit note?",
   "answer": "RBI considers this wilful involvement in circulating counterfeit notes and will impose penalties on the bank.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-02/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12053&Mode=0"
  },
  {
   "question": "What happens if a bank fails to improve its grievance redress mechanism?",
   "answer": "Banks that do not improve their redress mechanism in a time-bound manner will face intensive review of their grievance redress framework and potential supervisory action from RBI.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12017&Mode=0"
  },
  {
   "question": "What happens if a bank fails to issue Form 16A on time?",
   "answer": "Delays can cause inconvenience to customers and may attract regulatory action from RBI, as this directive is issued under the Banking Regulation Act. It also harms customer trust and service quality.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-361/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8556&Mode=0"
  },
  {
   "question": "What happens if a bank fails to meet the CRAR targets?",
   "answer": "The circular does not specify penalties, but non-compliance may affect financial stability and invite regulatory scrutiny. Banks should proactively plan capital augmentation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-433/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8677&Mode=0"
  },
  {
   "question": "What happens if a bank fails to meet the deadlines?",
   "answer": "CICs will report non-adherent banks to RBI's Department of Supervision via the DAKSH portal at half-yearly intervals (as on March 31 and September 30) for monitoring.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13180&Mode=0"
  },
  {
   "question": "What happens if a bank fails to meet the eligibility criteria?",
   "answer": "The Directions empower RBI to restrict dividend payment or profit remittance. Non-compliance may attract penal consequences as specified in the Directions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-387/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13319&Mode=0"
  },
  {
   "question": "What happens if a bank misses its PSL target?",
   "answer": "A bank that falls short of its priority-sector targets can buy Priority Sector Lending Certificates (PSLCs) from banks that have a surplus, which lets the over-achiever monetise its excess lending without transferring the underlying loan. Persistent shortfalls also require contributions to funds such as the Rural Infrastructure Development Fund (RIDF) with NABARD. These mechanisms mean banks generally meet the overall 40% requirement.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What happens if a bank withdraws part of the exempted deposit before maturity?",
   "answer": "The exemption is available only for the original deposit amounts while held in the bank books; any withdrawn portion would no longer be exempt, and the bank must resume CRR and SLR provisioning accordingly.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13474&Mode=0"
  },
  {
   "question": "What happens if a bank's intra-group exposure exceeds the limits after March 31, 2016?",
   "answer": "Any exposure beyond the permissible limits after that date will be deducted from the bank's Common Equity Tier 1 capital.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-487/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8739&Mode=0"
  },
  {
   "question": "What happens if a borrower fails to obtain LEI by the deadline?",
   "answer": "Lenders must not sanction any new exposure, renewal, or enhancement of existing exposure for such borrowers. Central and state government agencies are exempt from this restriction.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-34/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12301&Mode=0"
  },
  {
   "question": "What happens if a borrower wants to prepay after a reset?",
   "answer": "Borrowers can prepay in part or full at any time. Foreclosure charges or prepayment penalties are subject to existing RBI instructions.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12529&Mode=0"
  },
  {
   "question": "What happens if a borrower wants to reschedule an ECB at a higher cost after October 1?",
   "answer": "Such requests will not be allowed. The facility to raise ECB at higher all-in-cost for refinancing or rescheduling has been discontinued with effect from October 1, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-304/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8482&Mode=0"
  },
  {
   "question": "What happens if a borrower's exposure crosses ₹5 crore after opening a current account?",
   "answer": "The borrower must inform the bank, and the bank must then apply the new rules: the borrower can only maintain a current account with one bank that holds at least 10% of total banking exposure, or the bank with the highest exposure.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12184&Mode=0"
  },
  {
   "question": "What happens if a borrower's total exposure exceeds ₹7.5 crore?",
   "answer": "Exposures above ₹7.5 crore will not qualify for the regulatory retail portfolio and will attract normal risk weights as per extant guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-53/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11981&Mode=0"
  },
  {
   "question": "What happens if a branch fails to open?",
   "answer": "Non-compliance may lead to delayed booking of government transactions, potential penalties from RBI, and audit observations for the financial year closing.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-137/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12635&Mode=0"
  },
  {
   "question": "What happens if a card is renewed or replaced?",
   "answer": "The card issuer must seek explicit consent from the cardholder before linking the new card to merchants where the old card was registered for CoFT.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12159&Mode=0"
  },
  {
   "question": "What happens if a CCP loses its QCCP status?",
   "answer": "If a regulator withdraws QCCP status, the CCP becomes a non-QCCP, and all exposures to it must fall within the 25% single-counterparty limit.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-541/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8808&Mode=0"
  },
  {
   "question": "What happens if a cheque bounces in India?",
   "answer": "When a cheque is returned unpaid — usually for insufficient funds — the bank levies a dishonour charge on both parties and may withdraw cheque facilities if it happens repeatedly. More seriously, if the cheque was issued to repay a debt or liability, dishonour can attract criminal liability under Section 138 of the Negotiable Instruments Act: the payee can send a written demand within 30 days, and if payment is not made within 15 days of that notice, file a complaint that can lead to a fine or imprisonment. It is therefore wise to ensure sufficient balance before issuing a cheque.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What happens if a CIC fails to comply?",
   "answer": "RBI may suspend the operation of these directions for a specific CIC or take other regulatory action as deemed necessary.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12395&Mode=0"
  },
  {
   "question": "What happens if a co-operative bank misses the December 31, 2020 deadline?",
   "answer": "The circular does not specify penalties, but non-submission would violate Section 31 of the BR Act, potentially attracting regulatory action. Banks should treat the deadline as final.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11983&Mode=0"
  },
  {
   "question": "What happens if a cooperative bank fails KYC/AML compliance?",
   "answer": "The commercial bank must have the right to verify records and can terminate or restrict the arrangement to mitigate credit and reputational risks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-342/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8536&Mode=0"
  },
  {
   "question": "What happens if a credit institution fails to meet the new submission deadlines?",
   "answer": "CICs are required to report the list of non-compliant CIs to RBI's DAKSH portal at half-yearly intervals (as of March 31 and September 30) for monitoring and potential supervisory action.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13189&Mode=0"
  },
  {
   "question": "What happens if a currency chest branch refuses to exchange soiled notes for a customer?",
   "answer": "This is considered a violation of the agreement with RBI. The penalty is ₹10,000 for any such violation, levied immediately. If there are more than 5 instances, the penalty is ₹5 lakh and placed in public domain.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-03/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12054&Mode=0"
  },
  {
   "question": "What happens if a Currency Chest does not open on March 31, 2025?",
   "answer": "Non-compliance may disrupt government transaction settlements, leading to accounting mismatches and potential regulatory action from RBI. Banks should ensure full adherence to avoid penalties.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-129/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12796&Mode=0"
  },
  {
   "question": "What happens if a customer has a previous compounding order?",
   "answer": "The earlier rule linking the new compounding amount to the previous order is deleted. The customer is treated as a fresh applicant, and the compounding amount is calculated independently.",
   "page": "https://bankpulse.ai/c/rbi-fed-2025-26-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12838&Mode=0"
  },
  {
   "question": "What happens if a customer opts out of a transaction after receiving the pre-transaction notification?",
   "answer": "The issuer must validate the opt-out using AFA and send an intimation to the customer. The transaction will not be processed.",
   "page": "https://bankpulse.ai/c/rbi-dpss-2026-27-396/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13374&Mode=0"
  },
  {
   "question": "What happens if a customer's address changes after account opening?",
   "answer": "They must submit fresh proof of address to the branch within six months of the change. For correspondence address changes, they must inform the bank within two weeks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-636/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8935&Mode=0"
  },
  {
   "question": "What happens if a customer's exposure is ₹10 crore or more?",
   "answer": "The bank can only maintain a collection account for such customers, and funds must be remitted to a designated CC, current, or OD account within two working days, except for statutory dues.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-143/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13222&Mode=0"
  },
  {
   "question": "What happens if a DCCB had a monetary penalty in the last two years?",
   "answer": "Such banks are not eligible to apply under these guidelines. They must wait until two years after the penalty to become eligible, assuming no further violations.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12375&Mode=0"
  },
  {
   "question": "What happens if a debt security has different ratings from multiple agencies?",
   "answer": "The lowest rating among the agencies must be used for determining eligibility.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12028&Mode=0"
  },
  {
   "question": "What happens if a depositor does not respond to the 120-day notice?",
   "answer": "The circular does not specify a default action; banks must ask for response within 30 days. If no response, banks should follow up as per their internal policy, but no interest is paid for overdue period after maturity.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12368&Mode=0"
  },
  {
   "question": "What happens if a depositor prematurely withdraws after one year?",
   "answer": "You can approach RBI to terminate the swap, but the cost will be recalculated at 400 bps above the original 3.5% rate plus the prevailing market swap rate for the residual tenor. RBI's decision is final.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-234/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8388&Mode=0"
  },
  {
   "question": "What happens if a drawee bank's base branch is closed on a local holiday?",
   "answer": "The drawee bank at the grid location may return the instrument to the presenting bank using return reason code 88, citing the need for reference to the drawee branch closed due to local holidays.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-199/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8340&Mode=0"
  },
  {
   "question": "What happens if a form is submitted with a delay of less than three years?",
   "answer": "The system calculates the Late Submission Fee (LSF) and emails the applicant and the concerned RBI Regional Office. The AD bank approves the form once LSF is paid and status updated by the RO.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-160/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12433&Mode=0"
  },
  {
   "question": "What happens if a jeweller is not a manufacturer of gold jewellery?",
   "answer": "GMLs can only be availed by jewellers who are themselves manufacturers of gold jewellery. Non-manufacturers are not eligible under the scheme.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-551/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8823&Mode=0"
  },
  {
   "question": "What happens if a LAB does not meet the CRAR norm?",
   "answer": "If a LAB does not meet the CRAR norm for the preceding two years but has CRAR at least 9% for the current year, it can declare dividends only if its NNPA ratio is less than 5%.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-242/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13065&Mode=0"
  },
  {
   "question": "What happens if a loan above ₹10 lakh later reduces below ₹10 lakh?",
   "answer": "The entire loan remains eligible for CGFMU coverage irrespective of the outstanding amount, even if it subsequently goes below ₹10 lakh.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12143&Mode=0"
  },
  {
   "question": "What happens if a non-bank PA fails to comply by December 31, 2021?",
   "answer": "The circular does not specify penalties, but non-compliance would mean violating RBI's directive under the Payment and Settlement Systems Act, 2007, which could lead to regulatory action including possible suspension or revocation of authorisation.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12050&Mode=0"
  },
  {
   "question": "What happens if a non-bank PSO sells its payment activity to an already authorised entity?",
   "answer": "In such cases, prior approval is not needed, but the non-bank PSO must inform RBI within 15 calendar days. The seller must also voluntarily surrender its Certificate of Authorisation.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12348&Mode=0"
  },
  {
   "question": "What happens if a non-compete clause is included without FIPB approval?",
   "answer": "Such clauses are not allowed. Banks must not process the FDI remittance unless FIPB approval for the non-compete clause is obtained. The circular makes this a mandatory condition.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-567/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8845&Mode=0"
  },
  {
   "question": "What happens if a P2P platform violates the new rules?",
   "answer": "RBI has stated that violations observed will be dealt with bilaterally for remediation. Continued non-compliance could lead to stricter regulatory action, including penalties or revocation of registration.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12721&Mode=0"
  },
  {
   "question": "What happens if a payment is sent to the old account?",
   "answer": "The RBI may reject the payment, and the applicant could face a delay in the compounding process until the correct payment is made.",
   "page": "https://bankpulse.ai/c/rbi-fed-2025-26-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12924&Mode=0"
  },
  {
   "question": "What happens if a QCCP loses its status?",
   "answer": "If a regulator withdraws QCCP status, the CCP becomes a non-QCCP, and all exposures to it must be within the 15% single-counterparty exposure ceiling.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-430/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8674&Mode=0"
  },
  {
   "question": "What happens if a receiving branch sends a March transaction after April 10?",
   "answer": "Transactions reported after April 10, 2021 will be accounted for in the usual manner in the accounts of the month of reporting, i.e., April 2021 or later, and not in FY 2020-21.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12040&Mode=0"
  },
  {
   "question": "What happens if a resolution plan violates the circular's conditions?",
   "answer": "Any plan implemented in breach will be governed by the Prudential Framework for Resolution of Stressed Assets (June 7, 2019) or applicable instructions, potentially leading to NPA classification and higher provisioning.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12085&Mode=0"
  },
  {
   "question": "What happens if a settlement fails for these transactions?",
   "answer": "Any settlement failure will be treated as an instance of 'SGL bouncing' and will attract penalties as per the RBI circular dated July 14, 2010, as amended.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12782&Mode=0"
  },
  {
   "question": "What happens if a shareholder crosses the 5% threshold without prior RBI approval?",
   "answer": "The direction requires prior approval; any violation of Section 12B(1) of the B.R. Act, 1949 must be detected and reported. RBI may take appropriate supervisory action.",
   "page": "https://bankpulse.ai/c/rbi-dor-2022-23-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12439&Mode=0"
  },
  {
   "question": "What happens if a state government delays payment under a DRS notified before these guidelines?",
   "answer": "For pre-guideline DRS, any dues pending from the government for more than 90 days must be fully provisioned at 100%. Banks should actively follow up for early settlement.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12760&Mode=0"
  },
  {
   "question": "What happens if a trader defaults repeatedly in merchanting trade?",
   "answer": "If a trader has three or more defaults in a year, AD banks must restrain them from further merchanting transactions and may recommend caution listing to RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-452/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8698&Mode=0"
  },
  {
   "question": "What happens if a UCB currently lends against other banks' FDs?",
   "answer": "Such lending must stop by the effective date. UCBs need to revise their board policy and ensure no new sanctions against other banks' deposits.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13404&Mode=0"
  },
  {
   "question": "What happens if a UCB does not comply with this circular?",
   "answer": "Non-compliance with Section 15(1) of the Act could attract regulatory action from RBI, including possible penalties or restrictions, as it undermines the credit information framework.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-202/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8348&Mode=0"
  },
  {
   "question": "What happens if a UCB does not comply?",
   "answer": "RBI has issued these directions under Section 35A and Section 36(1)(d) of the Banking Regulation Act, 1949, so non-compliance may invite supervisory action or penalties.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12299&Mode=0"
  },
  {
   "question": "What happens if a UCB does not meet the FSWM criteria?",
   "answer": "Non-FSWM UCBs may face restrictions on branch authorizations, ATM installations, area of operation extensions, and other regulatory permissions from RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-308/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8486&Mode=0"
  },
  {
   "question": "What happens if a UCB fails to comply with these directions?",
   "answer": "Non-compliance may lead to regulatory action by RBI, including penalties. The directions also mandate a compensation framework for customers affected by reporting errors.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-279/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13026&Mode=0"
  },
  {
   "question": "What happens if a UCB fails to meet the 40% target by March 31, 2025?",
   "answer": "The circular does not specify penalties for missing the interim target, but UCBs should aim to comply as the final 50% target by March 31, 2026 remains mandatory. RBI may take supervisory action for non-compliance.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-53/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12709&Mode=0"
  },
  {
   "question": "What happens if a UCB fails to meet the CBS deadline?",
   "answer": "Failure may result in denial of facilities such as branch expansion or area of operation expansion.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-249/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8404&Mode=0"
  },
  {
   "question": "What happens if a UCB fails to provide information to the SIT?",
   "answer": "The circular does not specify penalties, but the Supreme Court has directed all agencies to extend full cooperation. Non-compliance could lead to regulatory action by RBI or contempt of court proceedings.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-655/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8957&Mode=0"
  },
  {
   "question": "What happens if a UCB fails to review its loan policy annually?",
   "answer": "Non-compliance may lead to regulatory action, as the policy must reflect approved risk appetite and align with RBI regulations to avoid supervisory concerns.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12361&Mode=0"
  },
  {
   "question": "What happens if a UCB fails to submit the certificate on time?",
   "answer": "The circular does not specify penalties, but RBI expects timely submission to apprise the government.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-299/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8472&Mode=0"
  },
  {
   "question": "What happens if a UCB makes errors in PAN applications?",
   "answer": "UTIITSL may impose penalties on the UCB for violations such as delayed forwarding, incomplete applications, or discrepancies in documents. Banks must exercise due care to avoid such penalties.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-371/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8573&Mode=0"
  },
  {
   "question": "What happens if a UCB wants to convert a specialized branch into a normal branch?",
   "answer": "Conversion from a specialized branch to a normal branch, or vice versa, requires prior approval from RBI. You cannot do this without authorization.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-336/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8525&Mode=0"
  },
  {
   "question": "What happens if a UCB's CRAR falls below 9% after refunding share capital?",
   "answer": "The refund is not permitted if it would cause CRAR to drop below the regulatory minimum of 9%. Banks must ensure CRAR stays at or above 9% post-refund.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-179/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12251&Mode=0"
  },
  {
   "question": "What happens if a UCB's deposits increase and it moves to a higher tier?",
   "answer": "The UCB gets a glide path of up to three years to comply with the higher regulatory requirements of the new tier.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-144/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12416&Mode=0"
  },
  {
   "question": "What happens if a UCB's NNPA ratio is less than 10% but not less than 5%?",
   "answer": "If the UCB meets all other conditions except the NNPA ratio (which must be less than 10%), it may approach the respective Regional Office of RBI for permission to declare dividend.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-290/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13015&Mode=0"
  },
  {
   "question": "What happens if an agency bank pays its own tax liabilities through its branches?",
   "answer": "Such transactions must be indicated separately in the scroll and are not eligible for agency commission. Banks must provide a certificate confirming exclusion of own tax liabilities from commission claims.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-08/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12274&Mode=0"
  },
  {
   "question": "What happens if an AIFI fails to meet the data submission timelines?",
   "answer": "CICs will report non-compliant AIFIs to RBI's Department of Supervision via the DAKSH portal at half-yearly intervals (as of March 31 and September 30) for monitoring.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13186&Mode=0"
  },
  {
   "question": "What happens if an ARC fails to meet the submission deadlines?",
   "answer": "CICs will report non-compliant ARCs to RBI's Department of Supervision via the DAKSH portal at half-yearly intervals (March 31 and September 30) for monitoring.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13188&Mode=0"
  },
  {
   "question": "What happens if an ARC fails to rectify rejected data within seven days?",
   "answer": "Deviations from the stipulated time limit must be monitored and reported to the ARC's board in periodic reviews, potentially leading to supervisory action.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12740&Mode=0"
  },
  {
   "question": "What happens if an ECAI press release does not name my bank but names another lender's facility?",
   "answer": "You cannot use that rating for capital computation. Your exposure must be treated as unrated, and you must assign the applicable risk weight (100% or 150%) as per extant instructions.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-125/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12396&Mode=0"
  },
  {
   "question": "What happens if an entity is no longer associated with a wilful defaulter?",
   "answer": "The penal provisions cease to apply to that associated entity once the association ends.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-313/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12991&Mode=0"
  },
  {
   "question": "What happens if an existing PSO does not meet all conditions for perpetual validity?",
   "answer": "Such PSOs will receive a one-year renewal to enable compliance. If they fail to comply within a reasonable time, their authorisation may be withdrawn.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12000&Mode=0"
  },
  {
   "question": "What happens if an FPI breaches the 10% limit but fails to get prior approvals?",
   "answer": "The investment beyond the limit must be compulsorily divested within five trading days from settlement of the breach-causing trades.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12749&Mode=0"
  },
  {
   "question": "What happens if an Indian party directly holds 51% but indirectly holds less than 51% in a step-down subsidiary?",
   "answer": "Such guarantees will not qualify for the approval route under this circular, as only indirect holding is now considered.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-241/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8396&Mode=0"
  },
  {
   "question": "What happens if an MFI's loan portfolio exceeds ₹500 crore after March 31, 2021?",
   "answer": "The eligibility is based on the gross loan portfolio as on March 31, 2021. Subsequent growth does not disqualify the MFI for loans already extended, but new loans may not qualify if the portfolio crosses the threshold.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12081&Mode=0"
  },
  {
   "question": "What happens if an NBFC does not register with CERSAI?",
   "answer": "Failure to register may result in the security interest not being publicly available, increasing fraud risk. While the circular does not specify penalties, non-compliance could invite regulatory action under RBI Act.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-369/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8571&Mode=0"
  },
  {
   "question": "What happens if an NBFC fails to meet the data submission timelines?",
   "answer": "CICs will report such NBFCs to RBI's Department of Supervision via the DAKSH portal at half-yearly intervals (as on March 31 and September 30) for monitoring.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13187&Mode=0"
  },
  {
   "question": "What happens if an NBFC-MFI fails to meet the 60% threshold for four consecutive quarters?",
   "answer": "The NBFC-MFI must approach the Reserve Bank with a remediation plan outlining steps to rectify the shortfall, and RBI will take a view on the matter.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12856&Mode=0"
  },
  {
   "question": "What happens if an NBFC-MFI's GLP exceeds ₹500 crore after receiving a loan from an SFB?",
   "answer": "All priority sector loans created before the GLP limit was exceeded will continue to be classified as PSL by the SFB until repayment or maturity.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12317&Mode=0"
  },
  {
   "question": "What happens if an RCB fails to meet CRR or SLR requirements during the year?",
   "answer": "The bank cannot declare dividends unless it has complied with CRR and SLR requirements throughout the financial year for which dividend is proposed.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-315/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12989&Mode=0"
  },
  {
   "question": "What happens if an RRB does not comply by the effective date?",
   "answer": "Non-compliance may invite supervisory action under the Banking Regulation Act, 1949, as the directions are issued under sections 21 and 35A. RRBs should ensure timely implementation to avoid regulatory penalties.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13438&Mode=0"
  },
  {
   "question": "What happens if an RRB does not comply?",
   "answer": "The circular does not specify penalties or consequences for non-compliance.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-589/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8875&Mode=0"
  },
  {
   "question": "What happens if an RRB fails to meet the new submission deadlines?",
   "answer": "CICs will report non-compliant RRBs to RBI's Department of Supervision via the DAKSH portal at half-yearly intervals (as on March 31 and September 30) for monitoring and action.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13183&Mode=0"
  },
  {
   "question": "What happens if an SFB fails to comply with these directions?",
   "answer": "The directions mention penal consequences for non-compliance, though specific penalties are not detailed in the source. Banks should expect supervisory action, including possible restrictions on dividend payments.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-391/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13328&Mode=0"
  },
  {
   "question": "What happens if an SPD fails to meet its primary dealership obligations?",
   "answer": "RBI reserves the right to impose restrictions or withdraw permission to undertake forex business if the SPD fails to meet PD obligations or violates regulations.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-127/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12398&Mode=0"
  },
  {
   "question": "What happens if April transactions are mixed with March residual scrolls?",
   "answer": "RBI explicitly prohibits mixing. Nodal branches must maintain strict segregation: one set of scrolls for March residual and another for April transactions. Mixing could cause accounting errors and delay government account closure.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-176/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12248&Mode=0"
  },
  {
   "question": "What happens if banks do not comply?",
   "answer": "RBI has flagged non-compliance and expects strict adherence. Failure to comply may lead to regulatory action, though the circular does not specify penalties. Banks should treat this as a warning to tighten processes.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12339&Mode=0"
  },
  {
   "question": "What happens if banks do not follow the new format or timeline?",
   "answer": "RBI has stated that any deviation from the instructions or timeline will be viewed seriously, implying potential regulatory action.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-654/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8956&Mode=0"
  },
  {
   "question": "What happens if banks miss the March 31, 2014 deadline?",
   "answer": "RBI has stated that no further extensions will be allowed, so non-compliance could lead to operational disruptions in RTGS participation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-413/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8639&Mode=0"
  },
  {
   "question": "What happens if CDD is not completed at credit linking?",
   "answer": "The directive does not specify penalties, but non-compliance with KYC norms can lead to regulatory action. Banks should ensure CDD is done before disbursing any credit to SHGs.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12060&Mode=0"
  },
  {
   "question": "What happens if credit concentration norms are breached on invocation of pledge?",
   "answer": "The shares must be sold and the breach rectified within 30 days from the date of invocation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-633/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8930&Mode=0"
  },
  {
   "question": "What happens if existing security instructions conflict with these directions?",
   "answer": "In case of any discrepancy, the instructions in this Master Direction shall prevail over existing ones on card, PPI, and mobile banking security.",
   "page": "https://bankpulse.ai/c/rbi-dpss-2024-25-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12715&Mode=0"
  },
  {
   "question": "What happens if funds in the IFSC foreign currency account remain idle beyond 15 days?",
   "answer": "Any idle funds must be immediately repatriated to the investor's domestic INR account in India within 15 days from receipt.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12029&Mode=0"
  },
  {
   "question": "What happens if I don't pay the LSF within 30 days of the advice?",
   "answer": "The advice becomes null and void. Any payment received after 30 days will not be accepted. If you later apply again for the same delayed reporting, the date of that new application will be used to recalculate the delay period 'n'.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-122/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12393&Mode=0"
  },
  {
   "question": "What happens if I don't submit on CIMS by the deadline?",
   "answer": "Non-compliance may lead to regulatory action. Ensure your systems are ready and staff trained to avoid penalties.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12661&Mode=0"
  },
  {
   "question": "What happens if I still follow one of these withdrawn circulars?",
   "answer": "The source does not specify consequences; it only states the circulars are withdrawn. Banks should follow current applicable directions.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12315&Mode=0"
  },
  {
   "question": "What happens if IPC exposure remains outstanding after T+1 IST?",
   "answer": "If any exposure remains outstanding at the end of T+1 Indian Standard Time, banks must maintain capital on that exposure as per the Basel III Capital Regulations.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12681&Mode=0"
  },
  {
   "question": "What happens if March and April transactions are mixed?",
   "answer": "Mixing transactions could lead to incorrect accounting for FY 2022-23, causing reconciliation issues with government accounts and potential regulatory action. Strict segregation is mandatory.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-184/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12460&Mode=0"
  },
  {
   "question": "What happens if my bank does not maintain sufficient settlement account balance?",
   "answer": "You must maintain enough balance to meet settlement obligations from the special clearing. Failure could disrupt the clearing process and attract regulatory action, as per standard RBI norms.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-141/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12640&Mode=0"
  },
  {
   "question": "What happens if my bank does not maintain sufficient settlement balance?",
   "answer": "You must maintain sufficient balance to meet settlement obligations; failure could disrupt the clearing process and government account closing.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-134/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12803&Mode=0"
  },
  {
   "question": "What happens if my bank does not participate?",
   "answer": "Participation is mandatory for all banks. Non-participation may lead to settlement failures and disrupt government accounting, potentially attracting regulatory action.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-190/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12466&Mode=0"
  },
  {
   "question": "What happens if my entity is already an FI-U but not a FIP?",
   "answer": "You must now also onboard as a FIP if you hold the specified financial information and meet the FIP definition. Failure to comply may result in regulatory action.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12558&Mode=0"
  },
  {
   "question": "What happens if my institution's DQI score declines month-on-month or falls below the industry benchmark?",
   "answer": "CICs must provide reasons for the decline to your institution. You are expected to take corrective actions and report to top management within two months of each half-year end.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12537&Mode=0"
  },
  {
   "question": "What happens if my UCB does not meet the 9% CRAR or NPAs below 10%?",
   "answer": "Such UCBs must continue to follow the earlier guidelines, which cap unsecured loans at 10% of total assets with individual and group borrower limits ranging from ₹25,000 to ₹5 lakh based on DTL and CRAR.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-321/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8504&Mode=0"
  },
  {
   "question": "What happens if my UCB does not meet the minimum net worth?",
   "answer": "Such UCBs must achieve the required minimum in a phased manner, reaching at least 50% of the applicable threshold on or before March 31, 2026 and the entire stipulated minimum on or before March 31, 2028.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-275/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13030&Mode=0"
  },
  {
   "question": "What happens if the address on the proof is not the customer's current residence?",
   "answer": "The bank can accept a declaration of the local address for correspondence without requiring additional proof. The bank must verify this address through positive confirmation, such as acknowledgment of receipt of letters, ATM cards, or telephonic conversation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-634/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8931&Mode=0"
  },
  {
   "question": "What happens if the bank guarantee is invoked?",
   "answer": "The AD Category-I bank must submit a report to the Chief General Manager-in-Charge, Foreign Exchange Department, RBI, Central Office, Mumbai, detailing the circumstances of the invocation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-230/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8381&Mode=0"
  },
  {
   "question": "What happens if the bank loses my original property documents?",
   "answer": "The bank must help you get duplicate or certified copies at its own cost, and also pay compensation of ₹5,000 per day for each day of delay attributable to the bank after a total period of 60 days from loan closure.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12535&Mode=0"
  },
  {
   "question": "What happens if the beneficiary name cannot be displayed?",
   "answer": "If the name cannot be fetched for any reason, the remitter can still proceed with the transfer at their own discretion, with appropriate alert messages displayed.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12759&Mode=0"
  },
  {
   "question": "What happens if the CKYCR records are not current or compliant?",
   "answer": "The downloading bank must not rely on such records for exemption from re-verification. It remains responsible for all CDD procedures, including identity/address verification, if records are outdated or non-compliant.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-161/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13237&Mode=0"
  },
  {
   "question": "What happens if the CRO is removed before tenure ends?",
   "answer": "Premature transfer or removal requires board approval and must be reported to the concerned Regional Office of RBI's Department of Supervision.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12121&Mode=0"
  },
  {
   "question": "What happens if the current MD/WTD does not meet the fit-and-proper criteria?",
   "answer": "The UCB must immediately initiate the process for appointing a new MD/WTD who meets the criteria.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12119&Mode=0"
  },
  {
   "question": "What happens if the customer's address changes after account opening?",
   "answer": "If the address on the submitted proof changes, the customer must submit a fresh proof of address to the branch within six months. For a change in the correspondence address, they must inform the bank within two weeks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-641/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8940&Mode=0"
  },
  {
   "question": "What happens if the funds raised abroad are not used overseas?",
   "answer": "The company must repatriate the funds to India within 15 days and park them only with AD Category-I banks. These funds can then be used for eligible purposes as per RBI guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-363/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8558&Mode=0"
  },
  {
   "question": "What happens if the gold import does not materialize after advance remittance?",
   "answer": "The unutilized advance remittance must be remitted back to the same AD bank within the specified 11-day time limit.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12324&Mode=0"
  },
  {
   "question": "What happens if the guarantee does not meet the settlement timeline?",
   "answer": "If a future scheme does not provide for lodgement within 60 days of default and settlement within 30 days, it will not be eligible for zero percent risk weight under this circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12384&Mode=0"
  },
  {
   "question": "What happens if the guaranteed portion exceeds the loan amount?",
   "answer": "The circular states zero risk weight and no provisioning only for the guaranteed portion. Any amount outstanding beyond the guarantee is treated per standard risk weight and provisioning norms.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-425/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8663&Mode=0"
  },
  {
   "question": "What happens if the resident account holder dies and the NRI joint holder becomes the survivor?",
   "answer": "The account must be reclassified as a Non-Resident Ordinary Rupee (NRO) account as per extant regulations. The onus is on the NRI to inform the bank, and all NRO rules will apply.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-437/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8681&Mode=0"
  },
  {
   "question": "What happens if the SRs are converted into other instruments during resolution?",
   "answer": "If the SRs are converted to any other form of instruments as part of resolution, the valuation and provisioning for those instruments will be governed by the provisions under paragraph 19 of Annex 1 to the Prudential Framework for Resolution of Stressed Assets dated June 7, 2019.",
   "page": "https://bankpulse.ai/c/rbi-dor-2024-25-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12804&Mode=0"
  },
  {
   "question": "What happens if the student fails to provide local address proof within 30 days?",
   "answer": "The circular does not specify penalties, but the account would likely remain restricted with the temporary transaction limits until compliance. Banks should follow up proactively.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-272/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8436&Mode=0"
  },
  {
   "question": "What happens if the student fails to submit local address proof within 30 days?",
   "answer": "The circular does not specify consequences for non-compliance within 30 days, but banks should ensure adherence to KYC norms. The account would likely remain restricted or be closed as per standard procedures.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-210/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8359&Mode=0"
  },
  {
   "question": "What happens if there is a conflict between this guidance and other RBI instructions?",
   "answer": "Relevant RBI instructions issued from time to time will prevail over this guidance note.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12679&Mode=0"
  },
  {
   "question": "What happens if we already have a board-approved policy for gold loans?",
   "answer": "You need to update that policy to explicitly incorporate the 75% LTV cap and the standardised valuation method, and get the revised policy approved by your board.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-453/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8701&Mode=0"
  },
  {
   "question": "What happens if we borrow after November 30, 2013?",
   "answer": "After November 30, 2013, any foreign currency borrowing beyond 50% of Tier I capital must have a minimum maturity of three years, as per the earlier circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-293/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8466&Mode=0"
  },
  {
   "question": "What happens if we cannot liquidate our AIF investment within 30 days?",
   "answer": "If you are unable to liquidate within 30 days from the date of downstream investment by the AIF (or from December 19, 2023 for existing investments), you must make 100% provision on such investments.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12572&Mode=0"
  },
  {
   "question": "What happens if we cannot locate or have already deleted these recordings?",
   "answer": "The circular does not specify penalties, but non-compliance could hinder investigations. Banks should immediately check archives and consult RBI or legal advisors if recordings are missing.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-51/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12110&Mode=0"
  },
  {
   "question": "What happens if we change other terms along with the reference rate?",
   "answer": "If any other parameter is altered, the entire change will be treated as restructuring under the existing norms, and this exemption won't apply.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12141&Mode=0"
  },
  {
   "question": "What happens if we continue accepting PDCs in ECS-enabled locations after December 31, 2013?",
   "answer": "RBI's directive is mandatory; non-compliance may invite regulatory action. The circular explicitly states no fresh PDCs should be accepted in such locations, and existing ones must be converted to ECS mandates by that date.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-359/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8555&Mode=0"
  },
  {
   "question": "What happens if we continue charging in foreign currency?",
   "answer": "Continuing to charge in foreign currency would violate FEMA provisions under sections 10(4) and 11(1) of FEMA, 1999, and may invite regulatory action.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12502&Mode=0"
  },
  {
   "question": "What happens if we don't collect Form A2?",
   "answer": "Non-compliance may lead to regulatory action under FEMA. Banks must ensure Form A2 is obtained for every remittance.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12696&Mode=0"
  },
  {
   "question": "What happens if we don't comply with this circular?",
   "answer": "Non-compliance with Section 12A of the WMD Act and the KYC Master Direction could attract regulatory penalties. Meticulous compliance is mandatory for all regulated entities.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12521&Mode=0"
  },
  {
   "question": "What happens if we don't comply?",
   "answer": "Non-compliance with the WMD Act and KYC Master Direction can lead to regulatory penalties and reputational risk.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12595&Mode=0"
  },
  {
   "question": "What happens if we don't include the donor details in the required format?",
   "answer": "The RBI circular does not specify penalties, but the MHA requires daily reporting of donor details. Missing or incorrect data could lead to transaction rejection or non-compliance with FCRA rules.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-178/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12454&Mode=0"
  },
  {
   "question": "What happens if we don't insert fallbacks in legacy US$ LIBOR contracts by June 30, 2023?",
   "answer": "After June 30, 2023, US$ LIBOR and MIFOR will cease publication. Contracts without fallbacks will have no benchmark rate, leading to potential disputes, valuation issues, and regulatory non-compliance. RBI expects all fallbacks to be inserted well before the deadline.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12503&Mode=0"
  },
  {
   "question": "What happens if we don't process government transactions on March 31, 2024?",
   "answer": "Those transactions would not be accounted in FY2023-24, potentially causing discrepancies in the Government of India's cash balance as of March 31, 2024. RBI expects strict compliance.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-65/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12541&Mode=0"
  },
  {
   "question": "What happens if we don't update our list?",
   "answer": "Non-compliance with Section 12A of the WMD Act can lead to regulatory action, including penalties, as the list is part of the statutory compliance framework.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-56/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12530&Mode=0"
  },
  {
   "question": "What happens if we don't update our systems?",
   "answer": "Non-compliance could result in regulatory action under the DPRK sanctions order, including penalties. It also risks processing transactions for sanctioned entities, which is a serious AML violation.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12364&Mode=0"
  },
  {
   "question": "What happens if we don't use this facility and make an error?",
   "answer": "RBI will not entertain any request for cancellation of bids after the auction window closes. You must use the facility to avoid such errors.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-163/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12436&Mode=0"
  },
  {
   "question": "What happens if we fail to comply by the new deadline?",
   "answer": "Any further delay beyond September 30, 2021, will attract stringent supervisory action from RBI.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12051&Mode=0"
  },
  {
   "question": "What happens if we fail to comply?",
   "answer": "RBI has warned of appropriate penal action, including imposition of business restrictions, for any non-compliance. This is a serious regulatory requirement.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12363&Mode=0"
  },
  {
   "question": "What happens if we fail to meet the branch opening obligations?",
   "answer": "Banks must rectify any shortfall in the next financial year. RBI may withhold the general permission for branch openings and impose penal measures on banks that fail to meet the criteria.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-274/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8438&Mode=0"
  },
  {
   "question": "What happens if we fail to meet the milestones?",
   "answer": "The circular does not specify penalties, but non-compliance may invite supervisory action or regulatory scrutiny from RBI.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12844&Mode=0"
  },
  {
   "question": "What happens if we fail to report or report incorrect data?",
   "answer": "Non-adherence to reporting instructions attracts penal provisions under Section 45(L) of the RBI Act, 1934. Data quality is critical as CRILC data is shared among all reporting entities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-601/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8894&Mode=0"
  },
  {
   "question": "What happens if we fail to submit data within 7 calendar days of the reporting fortnight?",
   "answer": "Non-adherence to the fortnightly submission timeline will be reported by CICs to RBI's Department of Supervision at half-yearly intervals (as on March 31 and September 30). Persistent or deliberate non-compliance may attract penal action under the Credit Information Companies (Regulation) Act, 2005.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12718&Mode=0"
  },
  {
   "question": "What happens if we find a match in an existing account?",
   "answer": "You must follow the procedures under Section 51-A of UAPA, 1967, which typically involves freezing the account and reporting to the RBI and other authorities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-311/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8489&Mode=0"
  },
  {
   "question": "What happens if we find a match with the list?",
   "answer": "Follow the freezing procedures detailed in the UAPA Order dated August 27, 2009, and RBI circulars dated November 5, 2009, and October 29, 2009.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-305/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8483&Mode=0"
  },
  {
   "question": "What happens if we find a match?",
   "answer": "You must immediately freeze the account and inform the RBI's concerned regional office. Do not allow any transactions.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12596&Mode=0"
  },
  {
   "question": "What happens if we find an existing facility that violates these new rules?",
   "answer": "You must immediately stop any further disbursements or renewals and report the matter to your compliance and risk teams. RBI expects banks to desist from such practices and ensure end-use conformity going forward.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-568/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8846&Mode=0"
  },
  {
   "question": "What happens if we miss the 1800 hours cut-off for uploading luggage files?",
   "answer": "RBI has stated that no extension will be granted beyond 1800 hours. Missing the cut-off could result in non-compliance with the Master Circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-136/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12624&Mode=0"
  },
  {
   "question": "What happens if we miss the annual provisioning requirement?",
   "answer": "The board-approved plan must ensure at least one-fifth of the total required provisioning is made each financial year. Falling short could attract supervisory action, so strict adherence is advised.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12346&Mode=0"
  },
  {
   "question": "What happens if we miss the CIMS upload deadline?",
   "answer": "RBI expects timely submission; delays may be treated as non-compliance under FEMA. Upload NIL reports if no data is due.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13465&Mode=0"
  },
  {
   "question": "What happens if we miss the June 30 deadline?",
   "answer": "RBI has not specified penalties, but non-compliance may lead to regulatory action or increased scrutiny during inspections.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12603&Mode=0"
  },
  {
   "question": "What happens if we miss the new deadline?",
   "answer": "RBI will consider invoking penal provisions under Section 30(1) read with Section 26(6) of the Payment and Settlement Systems Act, 2007 for non-compliance.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-546/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8813&Mode=0"
  },
  {
   "question": "What happens if we mix March residual transactions with April transactions?",
   "answer": "RBI has explicitly instructed that March 2021 residual transactions must be kept separate from April 2021 transactions. Mixing them could lead to accounting errors and non-compliance with the circular. Nodal branches must prepare separate scrolls for each period.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12072&Mode=0"
  },
  {
   "question": "What happens if we pay our own tax liabilities through our branches?",
   "answer": "Such transactions must be indicated separately in the scroll and are not eligible for agency commission. Banks must provide a certificate excluding own tax liabilities from commission claims.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12058&Mode=0"
  },
  {
   "question": "What happens if we proceed without RBI approval?",
   "answer": "Any transfer of shares in violation of the notification can lead to adverse regulatory action, including cancellation of the NBFC's Certificate of Registration.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-606/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8899&Mode=0"
  },
  {
   "question": "What happens if we use a different clearing type or session number on October 3?",
   "answer": "Instruments presented with any clearing type other than '99' or session numbers other than '21' (presentation) and '22' (return) will not be attached to the special clearing session and may not be processed.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12900&Mode=0"
  },
  {
   "question": "What happens to a fixed deposit that is pledged as collateral for a loan?",
   "answer": "Such deposits, even if non-callable, must be treated as callable for LCR purposes, and the provisions for callable deposits apply.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12836&Mode=0"
  },
  {
   "question": "What happens to a loss incurred in the current year?",
   "answer": "The entire loss is deducted from the Owned Fund, reducing the capital available for regulatory purposes.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-226/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13311&Mode=0"
  },
  {
   "question": "What happens to a standard account under a resolution plan?",
   "answer": "It can be retained as 'Standard' upon implementation of the plan, provided the plan adheres to Chapter IV-A of the stressed assets directions.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13418&Mode=0"
  },
  {
   "question": "What happens to accounts opened with OTP-based e-KYC?",
   "answer": "Such accounts are restricted to one year unless you complete full identification via Section 16 (face-to-face) or Section 18 (V-CIP). If using Aadhaar under V-CIP, a fresh Aadhaar OTP authentication is required.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12089&Mode=0"
  },
  {
   "question": "What happens to accounts that slipped into NPA due to a calamity before a resolution plan is implemented?",
   "answer": "Under new paragraph 36A, such accounts shall be upgraded to 'Standard' upon implementation of a resolution plan that complies with Chapter IV-A of the RRB Stressed Assets Directions, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13430&Mode=0"
  },
  {
   "question": "What happens to actions taken under repealed directions?",
   "answer": "Any action taken or initiated under the repealed directions will continue to be governed by the provisions thereof.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13170&Mode=0"
  },
  {
   "question": "What happens to actions taken under the repealed directions?",
   "answer": "They will continue to be governed by the repealed directions",
   "page": "https://bankpulse.ai/c/rbi-dor-2026-27-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13396&Mode=0"
  },
  {
   "question": "What happens to an NPA account that is restructured under a resolution plan?",
   "answer": "It will be upgraded to 'Standard' upon implementation of the resolution plan, provided the plan follows the specified provisions of Chapter VI-A.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13439&Mode=0"
  },
  {
   "question": "What happens to customer service rules on outstation cheque collection?",
   "answer": "The specific circulars on immediate credit limits and interest for delays are withdrawn. Banks should refer to the latest RBI guidelines on cheque collection and customer service for current requirements.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-21/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12830&Mode=0"
  },
  {
   "question": "What happens to dividend approvals granted under the 2025 directions?",
   "answer": "All approvals or acknowledgments granted under the repealed 2025 directions remain valid and are deemed to be governed by the new 2026 directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-234/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13320&Mode=0"
  },
  {
   "question": "What happens to earlier KYC circulars for rural co-op banks?",
   "answer": "The new Directions repeal and replace previous instructions on KYC/AML for these banks, as detailed in Chapter XI (Repeal and Other Provisions).",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-316/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12988&Mode=0"
  },
  {
   "question": "What happens to earlier SGB circulars?",
   "answer": "All previous operational and procedural guidelines are superseded. This circular is the sole reference for SGB servicing procedures.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12181&Mode=0"
  },
  {
   "question": "What happens to existing approvals and acknowledgments?",
   "answer": "Existing approvals and acknowledgments are deemed to be governed by the repealed guidelines.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13191&Mode=0"
  },
  {
   "question": "What happens to existing branch-level Unique Codes?",
   "answer": "RBI has dispensed with branch-level Unique Codes. Only the link office code is needed. Existing branch codes may be phased out; banks should confirm with RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-192/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8325&Mode=0"
  },
  {
   "question": "What happens to existing FIIs and QFIs under the new scheme?",
   "answer": "FIIs with a valid SEBI registration are automatically deemed Registered Foreign Portfolio Investors (RFPIs) until the expiry of their current block of three years. QFIs may continue for one year from the date of commencement of SEBI (FPI) Regulations, 2014, or until they obtain RFPI registration, whichever is earlier.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-533/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8787&Mode=0"
  },
  {
   "question": "What happens to existing housing loans that exceed the new limits?",
   "answer": "Existing loans sanctioned before December 30, 2022 that breach the revised ceiling are allowed to continue until maturity without any modification.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-159/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12432&Mode=0"
  },
  {
   "question": "What happens to existing loan transfer arrangements that do not comply with these directions?",
   "answer": "The directions are effective from the date placed on RBI's website (November 28, 2025). Banks must review and modify any non-compliant arrangements to align with the new framework.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-282/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13023&Mode=0"
  },
  {
   "question": "What happens to existing MLTGD deposits?",
   "answer": "Existing MLTGD deposits mobilized on or before March 25, 2025 will continue as per the existing guidelines until their redemption. No new deposits or renewals under MLTGD are allowed after this date.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12801&Mode=0"
  },
  {
   "question": "What happens to existing on-lending loans after September 30, 2021?",
   "answer": "Existing loans disbursed under the on-lending model will continue to be classified as Priority Sector until their date of repayment or maturity, even after the September 30 deadline.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12069&Mode=0"
  },
  {
   "question": "What happens to existing relief accounts when the amendment takes effect?",
   "answer": "Accounts with relief measures already provided before the effective date continue under existing guidelines. Any fresh resolution after that date must follow the new Chapter VI-A.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13412&Mode=0"
  },
  {
   "question": "What happens to factoring units that are not financed?",
   "answer": "TReDS platform operators can now settle all factoring units, including those not financed, using the NACH mechanism, instead of requiring buyers to pay outside the system.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12510&Mode=0"
  },
  {
   "question": "What happens to funds that were already subject to the 15-day rule before this circular?",
   "answer": "The circular does not specify retroactive application. Banks should treat all existing and new IFSC FCAs under the revised rules from April 26, 2023, and consult RBI if any clarification is needed on prior balances.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-21/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12494&Mode=0"
  },
  {
   "question": "What happens to old export returns during the transition?",
   "answer": "Both old and new systems will run in parallel for some time. Old shipping documents will still be reported in the legacy system until their cycle ends.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-481/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8733&Mode=0"
  },
  {
   "question": "What happens to provisioning after a DLG is invoked?",
   "answer": "The DLG cover reduces by the invoked amount. NBFCs must recompute ECL provisions across all stages, adjusting for the reduced cover, to ensure adequate provisioning.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-210/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13294&Mode=0"
  },
  {
   "question": "What happens to relief measures already granted under the 2018 direction?",
   "answer": "All actions, approvals, and acknowledgments under the repealed direction remain valid and are governed by the new directions. Any rights, obligations, or liabilities already incurred continue unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13432&Mode=0"
  },
  {
   "question": "What happens to shareholders who dissent to the amalgamation?",
   "answer": "Chapter IV of the Directions provides for entitlement of dissenting shareholders, though specific details are not fully extracted. Banks must refer to the full Directions to understand the rights and process for dissenting shareholders.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-223/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13085&Mode=0"
  },
  {
   "question": "What happens to the AT1 trigger on October 1, 2021?",
   "answer": "The pre-specified trigger for loss absorption through conversion or write-down of Additional Tier 1 instruments will increase from 5.5% to 6.125% of risk-weighted assets from that date.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12023&Mode=0"
  },
  {
   "question": "What happens to the broken period interest on government securities?",
   "answer": "Banks can no longer capitalize broken period interest as part of investment cost; it must be booked as an expense.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13393&Mode=0"
  },
  {
   "question": "What happens to the earlier branch authorisation procedures for NBFCs?",
   "answer": "The earlier subsections A2 and A3 (paragraphs 7-9) have been deleted, simplifying the process. Most NBFCs no longer need prior RBI approval for branch openings, unless specifically restricted.",
   "page": "https://bankpulse.ai/c/rbi-2026-2027-11/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13370&Mode=0"
  },
  {
   "question": "What happens to the earlier interim targets of 65% for FY2024-25 and 75% for FY2025-26?",
   "answer": "Those interim targets are superseded. The new fixed target of 60% applies from FY2024-25 onwards, replacing the phased increase plan.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-130/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12797&Mode=0"
  },
  {
   "question": "What happens to the IFR balance we already hold?",
   "answer": "The IFR balance as of May 17, 2026, must be transferred below the line to Statutory Reserve, General Reserve, or Balance of Profit & Loss Account. For foreign bank branches, transfer to statutory reserves in Indian books or remittable surplus retained in Indian books.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13450&Mode=0"
  },
  {
   "question": "What happens to the old 2014 BBPS circular?",
   "answer": "The new Directions supersede the earlier regulations cited in the circular dated November 28, 2014, from the effective date.",
   "page": "https://bankpulse.ai/c/rbi-dpss-2023-24-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12616&Mode=0"
  },
  {
   "question": "What happens to the old ALM guidelines?",
   "answer": "The Directions repeal and replace previous ALM guidelines for UCBs, with a saving clause for actions taken under the old framework.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-285/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13020&Mode=0"
  },
  {
   "question": "What happens to the old Form A returns?",
   "answer": "Provisional, final, and special Form A returns are abolished. RRBs must submit a single fortnightly Form A return on the CIMS portal within five days of the fortnight's end.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-151/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13227&Mode=0"
  },
  {
   "question": "What happens to the old Form B returns?",
   "answer": "The provisional, final, and special Form B returns are replaced by a single fortnightly Form B return, effective from December 15, 2025. The new return codes are available on the CIMS portal.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-154/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13228&Mode=0"
  },
  {
   "question": "What happens to the old provisional and final Form A returns?",
   "answer": "They are abolished. From December 15, 2025, SFBs must submit a single Form A return fortnightly, and Form VIII monthly, both electronically on CIMS with digital signatures. No hard copies are accepted.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-149/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13225&Mode=0"
  },
  {
   "question": "What happens to the old RTGS regulations?",
   "answer": "The RTGS (Membership) Business Operating Guidelines, 2004 and RTGS (Membership) Regulations, 2004 cease to exist from October 19, 2013, replaced by the RTGS System Regulations 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-324/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8508&Mode=0"
  },
  {
   "question": "What happens to the remaining buffer after utilisation?",
   "answer": "The remaining buffer stays on your books and can be used only as per existing RBI guidelines, which generally require prior RBI approval for use during system-wide downturns.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-485/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8737&Mode=0"
  },
  {
   "question": "What happens to the remaining exposure?",
   "answer": "It attracts risk weight as per extant guidelines",
   "page": "https://bankpulse.ai/c/rbi-2026-27-137/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13508&Mode=0"
  },
  {
   "question": "What happens to the returns that are moving online?",
   "answer": "Twenty-one returns currently submitted via paper or email will be converted to online filing. This includes FII weekly reports, MTSS statements, NRO remittance details, diamond import reports, and ESOP reporting, among others.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-172/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12244&Mode=0"
  },
  {
   "question": "What happens to transactions reported after April 10, 2024?",
   "answer": "Transactions reported after April 10, 2024 will be accounted in the usual manner in the accounts of the month of report, irrespective of the original transaction date.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12623&Mode=0"
  },
  {
   "question": "What happens to unclaimed deposits?",
   "answer": "Balances unclaimed for a defined period are moved to the Depositor Education and Awareness Fund, while the depositor retains the right to claim them later with interest. The process is in the applicable circular below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What happens when a minor operating an account independently turns 18?",
   "answer": "Upon attaining majority, the bank must obtain fresh operating instructions and specimen signature from the account holder. If the account was operated by a guardian, the balance must be confirmed. Banks should take advance action to communicate these requirements.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12835&Mode=0"
  },
  {
   "question": "What happens when a minor turns 18?",
   "answer": "The erstwhile minor must confirm the balance. If the account was operated by a guardian, fresh operating instructions and specimen signature of the now-major account holder must be obtained.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-610/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8904&Mode=0"
  },
  {
   "question": "What happens when an IME later obtains PAN or GSTIN?",
   "answer": "An interface between UAP and Udyam Registration Portal allows IMEs to migrate from UAP to URP once they obtain the required documents, enabling full MSME benefits.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12500&Mode=0"
  },
  {
   "question": "What happens when the minor attains majority?",
   "answer": "The erstwhile minor must confirm the balance. If the account was operated by a guardian, the bank must obtain fresh operating instructions and specimen signature from the now-major account holder.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-587/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8872&Mode=0"
  },
  {
   "question": "What hardware is required for e-KYC implementation?",
   "answer": "UCBs must deploy biometric scanners that are STQC-certified by the Department of Electronics & Information Technology. The circular provides a link to the current list of certified scanners.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-263/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8426&Mode=0"
  },
  {
   "question": "What if a bank has already filed its 2025 returns?",
   "answer": "The amendment applies to subsequent filings; earlier returns remain unaffected.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13458&Mode=0"
  },
  {
   "question": "What if a borrower does not have a Udyam Registration Certificate?",
   "answer": "For PSL classification, the Udyam certificate is now mandatory. Banks should guide borrowers to register on the Udyam portal before sanctioning or classifying the loan under MSME PSL.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12583&Mode=0"
  },
  {
   "question": "What if a builder defaults on interest payments on behalf of the borrower?",
   "answer": "Such defaults can negatively impact the borrower's credit score with CICs. The circular highlights this risk and requires banks to ensure borrowers are fully aware of liabilities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-268/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8429&Mode=0"
  },
  {
   "question": "What if a claimant cannot access the online form?",
   "answer": "Branches must still provide physical claim forms to any person approaching for settlement of a deceased depositor's account, as per earlier RBI instructions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-229/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8378&Mode=0"
  },
  {
   "question": "What if a claimant cannot produce the MHA death certificate?",
   "answer": "The circular requires that certificate. Without it, the claim falls under the general 2008 circular, which may have different documentation requirements.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-331/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8519&Mode=0"
  },
  {
   "question": "What if a customer claims they were wrongly listed and wants delisting?",
   "answer": "Forward such requests electronically to the Joint Secretary (CTCR), Ministry of Home Affairs. Also inform the customer they can approach the UN Ombudsperson for delisting.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-150/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12219&Mode=0"
  },
  {
   "question": "What if a customer does not want to provide a nomination?",
   "answer": "Account opening forms must include a provision for customers to either avail or explicitly opt out of the nomination facility.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12769&Mode=0"
  },
  {
   "question": "What if a DCCB is under RBI directions under Section 35A? Can it still close a branch?",
   "answer": "No. The closure guidelines explicitly require that the bank should not have been placed under any directions under Section 35A of the Banking Regulation Act, 1949 (AACS). Such banks must continue to seek prior RBI approval for closures.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12559&Mode=0"
  },
  {
   "question": "What if a farmer has no state-specific authorization but owns assets?",
   "answer": "The circular requires possession of necessary authorization/certification as applicable in the respective state. If the state does not mandate any, banks may rely on asset ownership/lease alone, but must verify local rules.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-51/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12318&Mode=0"
  },
  {
   "question": "What if a merchant charges a fee on debit card payments?",
   "answer": "That is not permissible under the bilateral agreement. As the acquiring bank, you must terminate the merchant relationship if they continue such practices.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-292/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8461&Mode=0"
  },
  {
   "question": "What if a non-resident entity does not have an LEI?",
   "answer": "AD Category I banks may process the transaction without LEI for non-resident counterparts to avoid disruption. However, banks should encourage voluntary submission of LEI.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-137/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12206&Mode=0"
  },
  {
   "question": "What if a sector is not listed in the Annex with specific thresholds?",
   "answer": "For such sectors, lending institutions must make their own internal assessments for TOL/ATNW and Total Debt/EBITDA. However, current ratio and DSCR must still be 1.0 or above, and ADSCR 1.2 or above. For sectors with specified thresholds, the Annex values apply.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-34/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11961&Mode=0"
  },
  {
   "question": "What if an FPI does not provide all KYC documents upfront?",
   "answer": "You must obtain an undertaking from the FPI or its global custodian that exempted documents will be submitted when required. You remain responsible for due diligence.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-604/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8897&Mode=0"
  },
  {
   "question": "What if an MSME has a registration obtained after June 30, 2020?",
   "answer": "This extension applies only to registrations obtained till June 30, 2020. Registrations obtained after that date are governed by the new definition and are not affected by this circular.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12122&Mode=0"
  },
  {
   "question": "What if it's not feasible to install a ramp at an ATM or branch?",
   "answer": "If ramp installation is impracticable, you must record the reasons and display them at the branch or ATM concerned. This dispensation must be documented.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-608/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8901&Mode=0"
  },
  {
   "question": "What if it's not possible to install a ramp at a branch?",
   "answer": "If installing a ramp is impracticable, the requirement may be dispensed with, but the reasons must be recorded and displayed at the branch or ATM concerned.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-637/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8936&Mode=0"
  },
  {
   "question": "What if my bank already shows DEA Fund transfers under contingent liabilities?",
   "answer": "You still need to add a specific disclosure note in the notes to accounts confirming that DEA Fund balances are included in contingent liabilities.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12552&Mode=0"
  },
  {
   "question": "What if my bank has no LRS transactions to report?",
   "answer": "You must still upload a 'NIL' report on the CIMS portal for both monthly and daily returns. Failure to submit any report may be treated as non-compliance.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12575&Mode=0"
  },
  {
   "question": "What if my bank has no remittance data to report for a quarter?",
   "answer": "You must upload a 'NIL' report on the CIMS portal for that quarter.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12577&Mode=0"
  },
  {
   "question": "What if my bank wants to change its Base Rate methodology after five years?",
   "answer": "You can approach the Reserve Bank for permission. The circular allows banks to review their methodology after five years from its finalization, subject to RBI approval.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-211/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8360&Mode=0"
  },
  {
   "question": "What if my current rate is already below the cap?",
   "answer": "You must still ensure your rate does not exceed the lower of the two caps. If your rate is already below both, no change is needed, but you must document compliance.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-482/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8734&Mode=0"
  },
  {
   "question": "What if my entity has already submitted applications outside PRAVAAH?",
   "answer": "The RBI circular does not address past submissions. However, going forward, all new applications must be submitted via PRAVAAH. Check the portal for any specific transition instructions or contact RBI for clarification.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-34/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12845&Mode=0"
  },
  {
   "question": "What if my NBFC contributes less than 50% to an AIF?",
   "answer": "If the NBFC's contribution is below 50% and it is not the beneficial owner of a trust holding the investment, the indirect investment may not need to be deducted for NOF calculation. However, the substance-over-form principle still applies, so review the overall control and benefit structure.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-554/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8826&Mode=0"
  },
  {
   "question": "What if our Articles of Association don't allow WTD appointments?",
   "answer": "Banks must first seek approval under Section 35B(1)(a) of the Banking Regulation Act to amend the Articles, and then proceed with appointments under Section 35B(1)(b).",
   "page": "https://bankpulse.ai/c/rbi-2023-24-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12551&Mode=0"
  },
  {
   "question": "What if our bank cannot technically implement actual-usage billing immediately?",
   "answer": "RBI expects banks to leverage available technology and work with telecom providers. A transition plan should be in place; delays may require explanation to the Regional Office.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-513/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8765&Mode=0"
  },
  {
   "question": "What if our bank cannot technically implement per-alert billing?",
   "answer": "RBI expects banks to leverage available technology and work with telecom providers. If implementation is not feasible, banks should seek guidance from RBI or upgrade systems.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-403/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8622&Mode=0"
  },
  {
   "question": "What if our branch lacks a safe deposit vault? Can we still lend against gold?",
   "answer": "No. RBI mandates that no business of granting loans against gold can be transacted at places without proper storage and security facilities. Existing branches must arrange infrastructure at the earliest.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-260/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8418&Mode=0"
  },
  {
   "question": "What if our MoA/AoA has clauses that contradict the amended Act?",
   "answer": "The amendments override any such clauses. You must amend your MoA/AoA to remove contradictions and ensure full compliance with the Banking Regulation Act as amended in 2012.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-334/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8523&Mode=0"
  },
  {
   "question": "What if our system currently charges interest from the date of loan agreement?",
   "answer": "You must change your system to charge interest only from the actual disbursement date. This may require IT system modifications to loan origination and interest calculation modules.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12678&Mode=0"
  },
  {
   "question": "What if the acquisition cost differs from fair value?",
   "answer": "Any difference must be immediately recognised in the Profit and Loss Account at the time of initial recognition. This could impact your bank's reported earnings for that period.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-191/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12264&Mode=0"
  },
  {
   "question": "What if the assessee code is not available in NSDL or bank site?",
   "answer": "Bank officials must still accept the GAR-7 challan and provide an acknowledgement on a photocopy as proof of receipt. On the next working day, after updating the assessee code in the bank master, the challan should be digitized and data transmitted to NSDL.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-420/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8658&Mode=0"
  },
  {
   "question": "What if the beneficiary's account is not KYC compliant?",
   "answer": "The Recipient Bank must carry out KYC/CDD of the recipient before crediting the remittance or allowing withdrawal from that account.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-511/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8763&Mode=0"
  },
  {
   "question": "What if the CKYCR record is outdated or non-compliant?",
   "answer": "You cannot rely on such records. You must either obtain fresh KYC from the customer or ensure the uploading AIFI updates the record. Your responsibility for CDD means you must verify record currency and compliance before use.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-157/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13233&Mode=0"
  },
  {
   "question": "What if the deleted individual contacts us for delisting?",
   "answer": "Forward the request electronically to Joint Secretary (CTCR), Ministry of Home Affairs, as per MHA instructions. Also inform the individual about the UN Ombudsperson process for delisting.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-153/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12224&Mode=0"
  },
  {
   "question": "What if the FPI wants to use the account for non-PIS activities?",
   "answer": "The simplified KYC procedure is only for PIS accounts. For other approved activities, separate KYC requirements may apply as per existing RBI guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-644/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8943&Mode=0"
  },
  {
   "question": "What if the guarantee amount changes during rollover?",
   "answer": "If any term or condition changes, including the amount, the rollover cannot be treated as not a fresh commitment. In such cases, prior RBI approval is required through the designated AD bank.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-427/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8665&Mode=0"
  },
  {
   "question": "What if the lender is an overseas branch of a domestic bank?",
   "answer": "In such cases, the AD bank must ensure compliance with applicable prudential norms on account of re-schedulement.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-584/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8870&Mode=0"
  },
  {
   "question": "What if the prior quarter data is also not available?",
   "answer": "The circular does not address that scenario. Banks should follow the original guidelines and consult RBI if needed, as this relaxation is only for the specific case of listed entities with disclosure restrictions.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12031&Mode=0"
  },
  {
   "question": "What if the product is not allowed under Indian banking law?",
   "answer": "You must obtain separate permission from RBI or Government of India under Section 6(1)(m) or 19(1)(c) of the Banking Regulation Act, 1949.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-588/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8874&Mode=0"
  },
  {
   "question": "What if the underlying leased asset is intangible?",
   "answer": "The clarification only covers ROU assets where the underlying leased asset is tangible. For intangible assets, existing deduction rules may still apply.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-128/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12795&Mode=0"
  },
  {
   "question": "What if we are already following the procedure?",
   "answer": "Ensure continued compliance and verify that all branches are adhering to the instructions, as public feedback indicated non-compliance.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-214/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8363&Mode=0"
  },
  {
   "question": "What if we find a match after screening?",
   "answer": "Freeze the account or transaction instantly, file a Suspicious Transaction Report (STR) with FIU-IND, and ensure no further dealings with the listed individual.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-59/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12326&Mode=0"
  },
  {
   "question": "What if we find a match after the reporting deadline?",
   "answer": "There is no specific deadline mentioned in this circular, but the Master Direction on KYC requires immediate reporting. Delays could attract supervisory action.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12743&Mode=0"
  },
  {
   "question": "What if we find a match in our existing accounts?",
   "answer": "You must freeze the account/assets immediately and file a Suspicious Transaction Report (STR) with FIU-IND. Also, ensure no further transactions are processed. Refer to Chapter IX of RBI KYC Directions, 2025 for detailed procedures.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13357&Mode=0"
  },
  {
   "question": "What if we have already kept records for 10 years as per the old rule?",
   "answer": "You are now permitted to reduce retention to 5 years. You may dispose of records older than 5 years, provided you have no pending litigation or regulatory inquiry requiring them.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-658/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8960&Mode=0"
  },
  {
   "question": "What if we miss updating the list?",
   "answer": "Non-compliance could result in regulatory penalties and operational risks, such as inadvertently freezing accounts of delisted parties or failing to screen against current sanctions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-271/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8435&Mode=0"
  },
  {
   "question": "What if we want to expense more than 1/5th in a year?",
   "answer": "You can expense more than the minimum 1/5th annually; the rule sets a floor, not a ceiling. The total amortisation period cannot exceed five years.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12172&Mode=0"
  },
  {
   "question": "What incentives are banks supposed to pass on to MSE borrowers?",
   "answer": "Banks must consider the credit guarantee cover from CGTMSE and the zero risk weight for capital adequacy on the guaranteed portion, and offer a lower interest rate reflecting these benefits.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-564/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8840&Mode=0"
  },
  {
   "question": "What incentives do Primary Dealers get for fulfilling market making obligations?",
   "answer": "PDs get a monthly special switch window with RBI to exchange illiquid/semi-liquid securities acquired from RDG account holders for liquid securities at FBIL/market prices. Successful trades also count toward annual targets for PDs.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-147/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12216&Mode=0"
  },
  {
   "question": "What information must be included in the electronic remittance message?",
   "answer": "Accurate originator information, necessary beneficiary details, and an alert indicating it is a foreign inward remittance that should not be credited to a KYC non-compliant account.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-560/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8832&Mode=0"
  },
  {
   "question": "What infrastructure is needed for e-KYC?",
   "answer": "Banks must sign a KUA agreement with UIDAI, deploy STQC-certified biometric scanners, and develop software to handle e-KYC across branches, micro ATMs, and BC points.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-209/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8357&Mode=0"
  },
  {
   "question": "What infrastructure is required for e-KYC?",
   "answer": "PSOs must sign a KUA agreement with UIDAI, deploy STQC-certified biometric scanners, and develop software using UIDAI API protocols for secure data transfer.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-337/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8526&Mode=0"
  },
  {
   "question": "What infrastructure is required to implement e-KYC?",
   "answer": "Banks must sign a KUA agreement with UIDAI, deploy STQC-certified biometric scanners at all service points, and ensure a secured network connection to UIDAI for data transfer. The annex provides detailed operational procedures.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-242/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8397&Mode=0"
  },
  {
   "question": "What infrastructure must banks provide at branches?",
   "answer": "Banks must arrange shaded waiting space and drinking water facilities, considering the summer season, to ensure customer comfort during exchange.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12506&Mode=0"
  },
  {
   "question": "What instruments are covered under this Direction?",
   "answer": "It covers Commercial Paper (unsecured promissory notes) and Non-Convertible Debentures with original or initial maturity up to one year.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2023-24-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12592&Mode=0"
  },
  {
   "question": "What instruments are now eligible for SRVA investment?",
   "answer": "Non-convertible debentures/bonds and commercial papers issued by an Indian company, as defined in FEMA (Debt Instruments) Regulations, 2019.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12909&Mode=0"
  },
  {
   "question": "What internal controls must benchmark submitters implement?",
   "answer": "Submitters need a board-approved policy, conflicts of interest policy, maker-checker system, periodic variance review, transaction recording, documentation of qualitative assessments, whistleblowing policy, and record retention.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-565/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8841&Mode=0"
  },
  {
   "question": "What is 'Adjusted PAT' and how is it calculated?",
   "answer": "Adjusted PAT is the Profit After Tax for the financial year minus 50% of the Net NPA as on March 31 of that year. This adjusted figure is used to determine the maximum dividend payable.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-389/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13324&Mode=0"
  },
  {
   "question": "What is 'compulsory bundling' and why is it banned?",
   "answer": "Compulsory bundling means forcing a customer to take one product (e.g., insurance) to get another (e.g., a loan). RBI bans it because it restricts customer choice and can lead to mis-selling. From Jan 1, 2027, RRBs cannot make any product conditional on another.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13489&Mode=0"
  },
  {
   "question": "What is 'view only banking facility' as per these directions?",
   "answer": "It allows services that do not alter customer's asset or liability, such as balance enquiry, account statement download, etc. Banks cannot provide loans, funds transfers, or any facility that creates liability or involves fund movement under view-only facility.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-386/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13008&Mode=0"
  },
  {
   "question": "What is a 'bank induced transaction' under these directions?",
   "answer": "It means a transaction initiated by the bank as per its policy, such as charges, fees, interest payments, penalties, or taxes. An illustrative list includes all charges levied and interest paid on savings accounts.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-219/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13089&Mode=0"
  },
  {
   "question": "What is a 'dark pattern' under these directions?",
   "answer": "A dark pattern is any deceptive design in user interface or user experience that misleads or tricks users into actions they did not intend, such as hidden costs or forced subscriptions. RBI bans these for UCBs from January 1, 2027.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13490&Mode=0"
  },
  {
   "question": "What is a 'dark pattern' under these new RBI rules?",
   "answer": "RBI defines dark pattern as any practice or deceptive design pattern using user interface or user experience interactions on any platform that is designed to mislead or trick users to do something they originally did not intend or want to do, by subverting or impairing the consumer autonomy, decision making or choice, amounting to misleading advertisement or unfair trade practice or violation of consumer rights.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13485&Mode=0"
  },
  {
   "question": "What is a 'Reciprocally Related Person' under the new directions?",
   "answer": "It means an individual who is a director (excluding independent/nominee directors appointed by government, RBI, or statutory body) or BoM member of another co-operative bank, or their relatives, or firms/companies where such directors/BoM members have interest or substantial interest.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-177/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13253&Mode=0"
  },
  {
   "question": "What is a back-to-back arrangement under this scheme?",
   "answer": "It allows an IBU to undertake a transaction with an eligible investor and then enter an offsetting transaction with its parent bank in India (for Indian bank IBUs) or with the branch/subsidiary in India (for foreign bank IBUs).",
   "page": "https://bankpulse.ai/c/rbi-2024-25-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12730&Mode=0"
  },
  {
   "question": "What is a bond forward under these Directions?",
   "answer": "A bond forward is a rupee interest rate derivative where one party agrees to buy a specific government security from another at a future date at a pre-agreed price.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12784&Mode=0"
  },
  {
   "question": "What is a Certificate of Deposit (CD)?",
   "answer": "A Certificate of Deposit is a short-term, negotiable money-market instrument issued by banks (and select financial institutions) to raise bulk deposits, usually at a discount. Bank CDs run from 7 days to 1 year. India's CD outstanding is of the order of Rs 5.0 lakh crore, with rates recently around 6.8%. Banks lean on CDs when deposit growth lags credit growth.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is a currency chest?",
   "answer": "A currency chest is a secure repository, usually at a bank branch, where banknotes and coins are stored on the RBI's behalf for distribution to the banking system. Currency chests keep cash circulating efficiently across the country; their operation and accounting are governed by Department of Currency Management instructions.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is a dark pattern?",
   "answer": "A deceptive design pattern that misleads or tricks users into doing something they did not intend to do",
   "page": "https://bankpulse.ai/c/rbi-2026-27-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13493&Mode=0"
  },
  {
   "question": "What is a Domestic Systemically Important Bank?",
   "answer": "Banks whose failure would disrupt the wider system are designated D-SIBs and must hold an additional capital surcharge scaled to their systemic importance. The framework is tracked in the cluster below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is a gold loan?",
   "answer": "A gold loan is a secured loan where the borrower pledges gold jewellery or coins as collateral and the lender advances cash against it. Because it is fully secured by gold, it is usually quick to disburse, carries lower interest than an unsecured personal loan, and the lender can auction the gold if the borrower defaults. In India both banks and specialised gold-loan NBFCs (such as Muthoot Finance and Manappuram Finance) offer them. The RBI caps the amount at 75% of the value of the pledged gold (the loan-to-value or LTV ceiling).",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is a green deposit as per RBI?",
   "answer": "A green deposit is an interest-bearing fixed deposit whose proceeds are earmarked for allocation to green activities/projects that meet RBI's prescribed criteria, contributing to climate risk mitigation or environmental objectives.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-14/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12487&Mode=0"
  },
  {
   "question": "What is a Key Facts Statement and why is it important?",
   "answer": "A Key Facts Statement is a standardized disclosure document for loans that must include the Annual Percentage Rate (APR) and all charges. It helps borrowers understand the true cost of credit.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-267/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13039&Mode=0"
  },
  {
   "question": "What is a money mule account?",
   "answer": "A money mule account is a bank or payment account used to receive and pass on the proceeds of online fraud, layering the money so investigators struggle to trace it. Fraudsters often recruit ordinary people with promises of easy commission for letting their account be used. Banks and the RBI monitor for the tell-tale pattern of funds arriving and being moved out almost immediately, and such accounts can be frozen and reported. Allowing your account, card or UPI to be used this way can lead to legal action even if you did not know the money was illicit, so never share account access with strangers.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is a Prepaid Payment Instrument (PPI)?",
   "answer": "A Prepaid Payment Instrument is a wallet or prepaid card that you load with money in advance and then use to make payments, issued by banks or RBI-authorised non-bank companies. PPIs carry far more transactions than credit cards by count but a much smaller total value, because they are used for small-ticket retail payments. KYC requirements and interoperability for PPIs are set by the RBI.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is a Priority Sector Lending Certificate (PSLC)?",
   "answer": "A Priority Sector Lending Certificate (PSLC) is a tradable instrument the Reserve Bank introduced in 2016 that lets banks buy and sell their priority sector lending achievement without any transfer of the underlying loan or credit risk. A bank that lends more to the priority sector than its target can sell the surplus as PSLCs to a bank that has fallen short, helping the buyer meet its obligation and rewarding the seller for over-achieving. There are four PSLC categories — Agriculture, Small and Marginal Farmers, Micro Enterprises and a General certificate — traded through the RBI's e-Kuber platform, typically in multiples of Rs 25 lakh, and they expire at the end of each financial year on 31 March. Because only the lending achievement is transferred and not the asset, the loan and its risk stay on the originating bank's books. The detailed rules are set out in the consolidated Master Directions linked on this page. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is a Qualifying CCP (QCCP)?",
   "answer": "A QCCP is a central counterparty that meets international standards (CPSS-IOSCO Principles) and is recognized by its regulator. Currently, CCIL (by RBI) and NSCCL, ICCL, MCX-SXCCL (by SEBI) are QCCPs.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-430/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8674&Mode=0"
  },
  {
   "question": "What is a State Development Loan (SDL)?",
   "answer": "A State Development Loan (SDL) is a dated market borrowing — effectively a bond — issued by an Indian state government to fund its fiscal deficit. The Reserve Bank of India conducts the SDL auctions on the states' behalf as their debt manager. SDLs are SLR-eligible securities, so banks can count them toward the Statutory Liquidity Ratio, and they are repaid from the state's own revenues. They are the state-level counterpart to the central government's G-Secs.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is a Value Free Transfer (VFT) of government securities?",
   "answer": "VFT is a transfer of government securities from one SGL/CSGL account to another without a corresponding payment leg in RBI's books, used for specific non-trade transactions like gifts, inheritance, or collateral posting.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12175&Mode=0"
  },
  {
   "question": "What is a Variable Rate Repo auction?",
   "answer": "A Variable Rate Repo auction is a type of auction where the RBI lends money to banks at a variable interest rate.",
   "page": "https://bankpulse.ai/c/rbi-doc-62943/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62943"
  },
  {
   "question": "What is AgriSURE?",
   "answer": "A dedicated fund for agricultural startups and rural enterprises introduced in Annex I.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13378&Mode=0"
  },
  {
   "question": "What is an 'at par' cheque facility in this context?",
   "answer": "It is a facility where a cooperative bank opens a current account with a commercial bank and uses the cheque book to issue 'at par' cheques to its customers for remittances and payments, effectively using the commercial bank's credit standing.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-342/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8536&Mode=0"
  },
  {
   "question": "What is an 'incremental account' for the 9th, 16th, and 23rd submissions?",
   "answer": "Incremental accounts include accounts opened, closed, or with changes (e.g., repayment, balance, demographic updates, overdue status) since the last reference date.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13188&Mode=0"
  },
  {
   "question": "What is an 'incremental account' for the weekly submissions?",
   "answer": "Incremental accounts include accounts opened since the last reference date, accounts where the borrower relationship ended, accounts with changes (e.g., repayment, outstanding balance, demographic updates, guarantors), and accounts with changes in days past due.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13183&Mode=0"
  },
  {
   "question": "What is an 'incremental account' under the new directions?",
   "answer": "Incremental accounts include accounts opened since the last reference date, accounts where the borrower relationship ended, accounts with changes due to borrower actions (e.g., repayment, balance change, demographic updates), and accounts with changes only in days past due.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13182&Mode=0"
  },
  {
   "question": "What is an equitable mortgage?",
   "answer": "An equitable mortgage is created by depositing title deeds of a property with a lender as security for a loan, without formal registration. RBI now requires NBFCs to register such mortgages with CERSAI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-369/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8571&Mode=0"
  },
  {
   "question": "What is an Informal Micro Enterprise (IME) under this circular?",
   "answer": "An IME is an enterprise that cannot register on the Udyam Registration Portal due to lack of PAN or GSTIN. Its turnover (if exempt from GST returns) is the sole criterion for UAP eligibility.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12500&Mode=0"
  },
  {
   "question": "What is an irrevocable payment commitment in this context?",
   "answer": "It is a guarantee issued by a bank to a stock exchange clearing corporation on behalf of a client, ensuring payment for trades. RBI now treats it as a financial guarantee with a 100% credit conversion factor.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-218/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13302&Mode=0"
  },
  {
   "question": "What is an NOFHC?",
   "answer": "A Non-Operative Financial Holding Company is a non-deposit taking NBFC that holds shares of a banking company and all other financial services companies in its group, as per RBI's guidelines for licensing new private sector banks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-558/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8830&Mode=0"
  },
  {
   "question": "What is an RBI monetary penalty and on what basis is it imposed?",
   "answer": "An RBI monetary penalty is a financial penalty the Reserve Bank imposes on a regulated entity — a commercial or co-operative bank, an NBFC or a payment-system operator — for non-compliance with its directions or with statutory provisions. The power to penalise flows from statutes such as the Banking Regulation Act, 1949 (notably Section 47A), the Reserve Bank of India Act, 1934 and the Payment and Settlement Systems Act, 2007, and is exercised by the RBI’s Enforcement Department after a show-cause notice and hearing. The RBI consistently states that such penalties are based on deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement the entity has with its customers. BankPulse tracks every disclosed penalty order on its penalty dashboard, each linked to the official RBI press release. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is card tokenisation?",
   "answer": "Tokenisation replaces actual card numbers with device- or merchant-specific tokens so the real number is not stored by merchants, reducing fraud exposure. Its scope and rules are in the cluster entries below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is Chapter IIIB of the RBI Act?",
   "answer": "Chapter IIIB contains provisions related to acceptance of deposits by non-banking institutions, including reserve requirements and reporting. This exemption removes those requirements for PPI funds.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-461/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8709&Mode=0"
  },
  {
   "question": "What is CIMS in this context?",
   "answer": "CIMS stands for Centralised Information Management System, RBI's new data warehouse for data collection, replacing the legacy XBRL system for these gold import statements.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12576&Mode=0"
  },
  {
   "question": "What is Commercial Paper (CP)?",
   "answer": "Commercial Paper is an unsecured, short-term promissory note issued at a discount by large, creditworthy companies, NBFCs and financial institutions to raise working-capital funds. Tenors run from 7 days to 1 year. In India, CP outstanding is of the order of Rs 4.5 lakh crore, and rates on 3-month paper are recently around 6.6%. CP is bought mainly by mutual funds and banks.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is compulsory bundling?",
   "answer": "A practice where a customer can avail one product only if another product is also purchased.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13488&Mode=0"
  },
  {
   "question": "What is concentration risk?",
   "answer": "Concentration risk refers to the risk of significant losses due to excessive exposure to a single counterparty or a group of connected counterparties.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-281/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13024&Mode=0"
  },
  {
   "question": "What is considered 'acquisition' under these Directions?",
   "answer": "Acquisition includes acquiring or agreeing to acquire shares or voting rights, directly or indirectly. It covers equity and preference shares, and indirect acquisition through entities under common management, control, or ownership.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-205/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13104&Mode=0"
  },
  {
   "question": "What is considered 'compulsory bundling' under these directions?",
   "answer": "Compulsory bundling means making a customer's access to one product or service conditional on also taking another product or service, whether from the bank or a third party. This practice is now explicitly prohibited.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13487&Mode=0"
  },
  {
   "question": "What is considered 'diversion of funds' under these directions?",
   "answer": "Diversion includes using short-term working capital for long-term purposes, deploying funds for unauthorized assets, transferring funds to subsidiaries without lender approval, routing funds through other lenders without permission, investing in other companies without approval, and shortfall in deployment of disbursed funds.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-240/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13067&Mode=0"
  },
  {
   "question": "What is considered 'indirect exposure' to commodity price risk?",
   "answer": "Indirect exposure occurs when an entity buys or sells a product containing a commodity, but the product's price is not linked to an international benchmark of that commodity.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12427&Mode=0"
  },
  {
   "question": "What is considered 'interest' in a trust under this circular?",
   "answer": "A director or relative is considered to have an interest if they hold a position as trustee, are beneficiaries, or are involved in any capacity that could influence their independence.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-205/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8351&Mode=0"
  },
  {
   "question": "What is considered 'significant influence' under this circular?",
   "answer": "Significant influence is defined as holding 20% or more of voting power (including potential voting power from convertible instruments or contingent rights) in a PSO. New investors from FATF non-compliant jurisdictions must stay below this threshold.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12114&Mode=0"
  },
  {
   "question": "What is considered a 'small value loan' under this circular?",
   "answer": "A small value loan is defined as a loan of value not more than ₹25 lakh or 0.2% of the UCB's Tier I capital, whichever is higher, subject to a maximum of ₹1 crore per borrower.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-53/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12709&Mode=0"
  },
  {
   "question": "What is considered a valid hedge for reducing UFCE?",
   "answer": "Financial hedges via derivative contracts with documented purpose and periodic effectiveness assessment, and natural hedges where offsetting cash flows mature within the same accounting year, are valid.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-448/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8694&Mode=0"
  },
  {
   "question": "What is considered an 'incremental account' for mid-month submissions?",
   "answer": "Incremental accounts include accounts opened since the last reference date, accounts where the borrower relationship ended, accounts with changes (e.g., repayment, balance, demographic updates, guarantors), and accounts with overdue interest or principal, including changes in days past due.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13184&Mode=0"
  },
  {
   "question": "What is CRGFTLIH and who set it up?",
   "answer": "CRGFTLIH stands for Credit Risk Guarantee Fund Trust for Low Income Housing, set up by the Ministry of Housing & Urban Poverty Alleviation, Government of India, in June 2012 to guarantee low-income housing loans.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-425/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8663&Mode=0"
  },
  {
   "question": "What is CRGFTLIH?",
   "answer": "It is a Credit Risk Guarantee Fund Trust set up by the Ministry of Housing & Urban Poverty Alleviation in 2012 to guarantee low-income housing loans.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-370/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8572&Mode=0"
  },
  {
   "question": "What is currency in circulation (CiC) in India?",
   "answer": "Currency in circulation (CiC) is the total value of banknotes and coins issued by the RBI that are circulating in the economy — held by the public, by businesses and in bank tills and vaults. It is the largest single component of reserve money (M0). In India CiC is of the order of Rs 37 lakh crore (roughly Rs 37 trillion) in 2024-25 per the RBI's weekly statistical supplement.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is DAKSH and why is it replacing EDSP?",
   "answer": "DAKSH is RBI's Advanced Supervisory Monitoring System, designed to streamline and automate payment fraud reporting. It replaces EDSP to enhance efficiency with features like maker-checker, online reporting, and dashboards.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-158/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12431&Mode=0"
  },
  {
   "question": "What is Default Loss Guarantee (DLG) as per this circular?",
   "answer": "DLG is a contractual arrangement where an entity (LSP or another RE) guarantees to compensate the RE for default losses up to a specified percentage of the loan portfolio, agreed upfront. It covers any similar implicit guarantee linked to portfolio performance. The cap is 5% of the loan portfolio.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12514&Mode=0"
  },
  {
   "question": "What is ECLGS 5.0?",
   "answer": "ECLGS 5.0 is the Emergency Credit Line Guarantee Scheme introduced by the Government of India.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13504&Mode=0"
  },
  {
   "question": "What is excluded from downstream investments under the new clarification?",
   "answer": "Downstream investments exclude investments in equity shares of the debtor company of the regulated entity, but include all other investments, including hybrid instruments.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-140/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12639&Mode=0"
  },
  {
   "question": "What is FALLCR and how does this change impact my bank?",
   "answer": "FALLCR (Facility to Avail Liquidity for Liquidity Coverage Ratio) allows banks to use a portion of mandatory SLR government securities as Level 1 HQLA. The increase from 15% to 16% of NDTL means your bank can now count more government securities towards LCR, improving liquidity coverage.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12291&Mode=0"
  },
  {
   "question": "What is Form 16A and why is it important?",
   "answer": "Form 16A is the TDS certificate issued by banks to customers when tax is deducted at source on income such as interest. It is essential for customers to file their income tax returns accurately and on time.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-361/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8556&Mode=0"
  },
  {
   "question": "What is Form A2 used for?",
   "answer": "Form A2 is used for reporting foreign exchange remittances by individuals and entities under FEMA. It captures details of the remitter, beneficiary, purpose, and amount.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12489&Mode=0"
  },
  {
   "question": "What is government agency business?",
   "answer": "It involves banks acting as agents of RBI to handle government transactions like tax collections, pension payments, and other government receipts and payments.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-140/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12209&Mode=0"
  },
  {
   "question": "What is greenwashing and how does the framework address it?",
   "answer": "Greenwashing is marketing products as green when they don't meet the defined criteria. The framework addresses it by requiring clear definitions and earmarking of funds, ensuring only genuine green activities are financed.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-14/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12487&Mode=0"
  },
  {
   "question": "What is included in 'banking system' for this rule?",
   "answer": "It includes Commercial Banks (except Payments Banks), Small Finance Banks, Local Area Banks, Regional Rural Banks, Urban Co-operative Banks, and Rural Co-operative Banks.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-147/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13221&Mode=0"
  },
  {
   "question": "What is included in gross GST collection?",
   "answer": "Gross GST collection is the total of Central GST (CGST), State GST (SGST), Integrated GST (IGST, levied on inter-state supplies and imports) and the GST Compensation Cess, before refunds. The headline monthly number reported by the government is this gross figure; net GST after refunds is lower. IGST is later apportioned between the Centre and the States.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is India's bank credit-to-GDP ratio?",
   "answer": "India's bank credit to the private sector is roughly 50-56% of GDP in recent years -- about 55% on the latest provisional reading. The ratio drifted in the low-50s through much of the 2010s, rose mechanically to about 55% in 2020 when COVID-19 shrank nominal GDP, then eased as growth rebounded. These figures are rounded and approximate and are revised periodically; see the World Bank / RBI sources for exact numbers.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is India's combined fiscal deficit as a percentage of GDP?",
   "answer": "India's combined (Centre plus States) gross fiscal deficit was roughly 13.3% of GDP in FY2020-21 at the COVID-19 peak, and has narrowed since to around 9.4-9.6% in FY2021-22 and FY2022-23, about 8.5% in FY2023-24 and an estimated 7.5-7.7% in FY2024-25. The central government's own deficit was about 4.8% of GDP in FY2024-25 and is budgeted near 4.4% for FY2025-26. These figures are approximate and revised periodically.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is India's CPI inflation rate?",
   "answer": "India's headline retail inflation, measured by the All-India Consumer Price Index (CPI Combined, base 2012=100), averaged about 4.6% in 2024-25, down from 5.4% in 2023-24. This is inside the Reserve Bank of India's tolerance band. For the exact latest monthly print, see the MOSPI/RBI source linked on the dashboard.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is India's current bank credit growth?",
   "answer": "Bank credit grew 16.0% year-on-year as of the fortnight ended 31 May 2026, while deposits grew 12.3%. Outstanding credit was around Rs.212 lakh crore against deposits of about Rs.259 lakh crore.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is India's current CD ratio?",
   "answer": "The all-India CD ratio of scheduled commercial banks was about 80.21% for the fortnight ended 31 Oct 2025. It reached a roughly 61-year high near 80.8% in March 2025 before easing to about 78.9% by June 2025 as deposit growth caught up with slower credit growth.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is India's current gross NPA ratio?",
   "answer": "The gross NPA (GNPA) ratio of India's scheduled commercial banks is 2.6% as of December 2024 — a multi-decade low — down from a peak of 11.2% in March 2018. The net NPA ratio is 0.6% and provision coverage ratio 77%, per the RBI Financial Stability Report.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is India's debt-to-GDP ratio?",
   "answer": "India's General Government debt — the combined outstanding liabilities of the central and state governments — is roughly 82% of GDP, down from a peak near 88% in FY2020-21 during COVID-19. The central government alone accounts for about 57% of GDP and the states for about 28%. The combined figure is consolidated, so it is less than simply adding the two. These figures are approximate and are revised periodically.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is India's external debt?",
   "answer": "External debt is the total money that India - its government, companies and banks - owes to lenders outside the country, in foreign or Indian currency. It is recently of the order of $715 billion, or about 19.0% of GDP. It includes external commercial borrowings, NRI deposits, short-term trade credit, and loans from multilateral and bilateral lenders.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is India's WPI inflation rate?",
   "answer": "India's Wholesale Price Index (WPI, base 2011-12=100) inflation averaged about 2.3% in 2024-25, after a brief spell of mild wholesale deflation (about -0.7%) in 2023-24. For the exact latest monthly print, see the Office of the Economic Adviser / RBI source linked on the dashboard.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is intra-day short selling of government securities?",
   "answer": "It means selling G-Secs that the bank does not own at the time of sale, with the obligation to buy them back within the same trading day, to profit from price declines.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-226/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8375&Mode=0"
  },
  {
   "question": "What is M3 (broad money) in India right now?",
   "answer": "India's M3 broad money is of the order of Rs 320 lakh crore (about Rs 320 trillion) in 2025-26 per the RBI's weekly statistical supplement, up from roughly Rs 268 lakh crore at the close of 2024-25. Always check the RBI source for the exact latest fortnightly figure.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is MMIFOR and why is it now significant?",
   "answer": "MMIFOR is the Modified Mumbai Interbank Forward Outright Rate, a benchmark for forex forward contracts. RBI designated it as significant to ensure robust governance and reduce manipulation risk, following global standards.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-142/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12414&Mode=0"
  },
  {
   "question": "What is monetary transmission, in banking terms?",
   "answer": "Monetary transmission is the process by which a change in the RBI policy repo rate flows through to the interest rates banks actually charge on loans and pay on deposits, and then to credit, demand and inflation. BankPulse tracks the lending-side measure -- the Weighted Average Lending Rate (WALR) on fresh rupee loans -- and the deposit-side measure -- the Weighted Average Domestic Term Deposit Rate (WADTDR) on fresh deposits -- against the repo rate. When the RBI hiked the repo by about 250 basis points over FY23, fresh-loan WALR rose from roughly 8% toward 9.4% and fresh-deposit WADTDR from roughly 5% to about 6.9%, showing near-full pass-through with deposits lagging loans.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is Net Interest Margin (NIM)?",
   "answer": "Net Interest Margin (NIM) is a bank's net interest income -- interest earned on loans and investments minus interest paid on deposits and borrowings -- expressed as a percentage of its average interest-earning assets. It measures the core spread a bank makes from lending out money it has raised. A NIM of 3.4% means the bank nets about 3.4 paise of interest income for every rupee of earning assets. NIM is one of the main drivers of a bank's profitability, alongside fee income, operating costs and credit losses.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is non-food bank credit?",
   "answer": "Non-food bank credit is total bank lending excluding loans to the Food Corporation of India and state agencies for food procurement. The RBI reports sectoral deployment on non-food credit because food credit is a small, policy-driven category; non-food credit captures lending to agriculture, industry, services and households.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is required for banks to offer 24x7 RTGS?",
   "answer": "Banks need STP-enabled infrastructure to automate transactions after normal banking hours and must inform customers about the extended availability.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11998&Mode=0"
  },
  {
   "question": "What is reserve money (M0) in India?",
   "answer": "Reserve money (M0), also called base money or high-powered money, is the monetary base created by the Reserve Bank of India. It equals currency in circulation plus bankers' deposits with the RBI plus 'other' deposits with the RBI. In India it is of the order of Rs 47 lakh crore in 2024-25 per the RBI's weekly statistical supplement. Through the money multiplier, reserve money supports the much larger broad money (M3).",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is risk-based supervision?",
   "answer": "Risk-based supervision is the RBI's approach of focusing inspection intensity on the entities and activities that pose the most risk, rather than checking every entity identically. It combines periodic on-site inspection with continuous off-site monitoring of returns and early-warning indicators. The consolidated framework sits in the Master Directions and circulars linked on this page.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is row 5 of the FEMA compounding matrix?",
   "answer": "The circular does not define row 5 explicitly, but it refers to a specific category of contraventions in the computation matrix under the Master Directions. Banks should refer to the Master Directions dated April 22, 2025 for the exact classification.",
   "page": "https://bankpulse.ai/c/rbi-fed-2025-26-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12842&Mode=0"
  },
  {
   "question": "What is Scale-Based Regulation (SBR) for NBFCs?",
   "answer": "Scale-Based Regulation (SBR) is the Reserve Bank’s framework, effective from October 2022, that calibrates how tightly a Non-Banking Financial Company (NBFC) is regulated to its size, activity and perceived systemic risk. NBFCs are sorted into four layers — Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL) and a currently empty Top Layer (NBFC-TL). Smaller, non-deposit-taking NBFCs sit in the Base Layer with the lightest norms, while larger and more interconnected NBFCs face progressively stricter capital, governance, exposure and disclosure requirements; a named set of the biggest NBFCs in the Upper Layer is subject to bank-like prudential rules. The aim is proportionate oversight — a larger footprint brings tighter rules. The exact layer criteria and obligations are set in the consolidated Master Directions linked on this page. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is short-term external debt and why does it matter?",
   "answer": "Short-term external debt is debt that falls due within a year (by original maturity), recently about 18.2% of India's total external debt, around $130 billion. It matters because it must be repaid or rolled over quickly; a high short-term share relative to forex reserves is a classic external-vulnerability warning sign, so a low ratio is reassuring.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the 'Committee on lending to related parties' and who can be on it?",
   "answer": "It is a Board-level committee specifically tasked with sanctioning loans to related parties. Banks can designate an existing committee (other than the Audit Committee) for this purpose. The committee must be composed of Board members.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-176/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13252&Mode=0"
  },
  {
   "question": "What is the 'Committee on lending to related parties'?",
   "answer": "It is a board committee responsible for sanctioning loans to related parties. Banks can use an existing committee, but not the audit committee.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-173/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13249&Mode=0"
  },
  {
   "question": "What is the 'date of invocation' under the new amendment?",
   "answer": "It is the date when the borrower and bank agree to proceed with a resolution plan under Chapter VI-A via a documented arrangement, excluding deemed invocation cases.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13412&Mode=0"
  },
  {
   "question": "What is the 'date of invocation' under the new directions?",
   "answer": "It is the date when the borrower and bank agree to proceed with a resolution plan under Chapter IV-A through a documented arrangement, except in cases of deemed invocation as specified in paragraph 32O.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13426&Mode=0"
  },
  {
   "question": "What is the 'designated list' referred to in this circular?",
   "answer": "It is the consolidated list of UNSC-sanctioned individuals and entities under resolutions related to non-proliferation on DPRK and Iran, provided by the Ministry of External Affairs. This list is used for implementing Section 12A of the WMD Act, 2005.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12521&Mode=0"
  },
  {
   "question": "What is the 'eligible amount' for issuing AT1 bonds overseas?",
   "answer": "The eligible amount is the higher of 1.5% of your bank's Risk Weighted Assets (RWAs) or the total Additional Tier 1 capital as on March 31 of the previous financial year.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12173&Mode=0"
  },
  {
   "question": "What is the 'planning period' referred to in the guidelines?",
   "answer": "The planning period is a maximum of twelve months allowed for formulating a plan to realize non-performing assets acquired for reconstruction, as defined in RBI Notification No. DNBS.2/CGM(CSM)-2003 dated April 23, 2003.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-571/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8849&Mode=0"
  },
  {
   "question": "What is the 'strategic sector' introduced in the new rules?",
   "answer": "The circular mentions the introduction of the concept of 'strategic sector' but does not define it. Banks should refer to the detailed operational instructions in Annex-I for clarity.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12381&Mode=0"
  },
  {
   "question": "What is the 10-year G-Sec yield in India?",
   "answer": "The 10-year benchmark government-security (G-Sec) yield is the most-watched market interest rate in India and is currently of the order of 6.4%. It is the yield at which the central government's 10-year bonds trade and it serves as the reference rate for pricing many other rupee debt instruments. Market yields move every trading day, so for the live figure see FBIL, which publishes the official benchmark.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the 1988 Sanctions List?",
   "answer": "It is a UN Security Council list of individuals and entities linked to the Taliban, maintained by the 1988 Committee. RBI requires PSOs to screen customers against this list.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-258/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8416&Mode=0"
  },
  {
   "question": "What is the 20/80 scheme for gold imports?",
   "answer": "It requires that 20% of every gold import lot must be exclusively used for exports, and the remaining 80% can be sold domestically. This applies to all gold forms including dore, monitored at the refinery level.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-187/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8312&Mode=0"
  },
  {
   "question": "What is the 22nd update of the UN Al-Qaida Sanctions List?",
   "answer": "It is a list of deletions of individuals and entities previously sanctioned under UNSCR 1267/1989, communicated by the UN Security Council's committee. UCBs must remove these entries from their internal sanctions lists.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-267/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8430&Mode=0"
  },
  {
   "question": "What is the 30% short-term investment limit that is being relaxed?",
   "answer": "Under existing rules, an FPI's short-term investments in government securities or corporate bonds cannot exceed 30% of its total investment in that category. This circular temporarily exempts investments made between July 8 and October 31, 2022, from that limit.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12355&Mode=0"
  },
  {
   "question": "What is the 75% rule and when does it start?",
   "answer": "From July 1, 2024, FFMCs and non-bank AD Category-II must sell at least 75% of the foreign currency notes they buy from other FFMCs/ADs to the public, calculated on a quarterly basis. This prevents idle forex holdings.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12689&Mode=0"
  },
  {
   "question": "What is the ACU mechanism and why is this exemption needed?",
   "answer": "The Asian Clearing Union (ACU) mechanism is the standard route for settling payments between member countries. This exemption was granted due to difficulties exporters faced in receiving export proceeds from Sri Lanka, allowing a direct INR settlement channel for this specific credit facility.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-53/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12320&Mode=0"
  },
  {
   "question": "What is the AD's liability under the new framework?",
   "answer": "The AD is solely responsible for ensuring FEMA compliance and KYC adherence for all transactions facilitated through third-party entities, as per the updated instructions.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13449&Mode=0"
  },
  {
   "question": "What is the additional provisioning requirement for resolution plans under Chapter IV-A?",
   "answer": "Banks must make an additional specific provision of 5% of the outstanding debt for each resolution plan implemented under Chapter IV-A, over and above existing prudential provisions, subject to a ceiling of 100%.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13430&Mode=0"
  },
  {
   "question": "What is the additional provisioning requirement for restructured accounts?",
   "answer": "NBFCs must make an additional specific provision of 5% of the outstanding debt for each restructuring under Chapter VI-A, over and above prudential provisions, up to a ceiling of 100%.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13428&Mode=0"
  },
  {
   "question": "What is the AFS-reserve and how does it affect capital?",
   "answer": "The AFS-reserve is a new component introduced under the Investment Master Direction that is now part of regulatory capital. Banks must include it in their capital adequacy calculations.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-128/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12615&Mode=0"
  },
  {
   "question": "What is the aggregate limit for CDS protection sold by FPIs?",
   "answer": "The aggregate notional amount of CDS sold by all FPIs cannot exceed 5% of the outstanding stock of corporate bonds, as specified by RBI.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-155/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12227&Mode=0"
  },
  {
   "question": "What is the AgriSURE fund mentioned in the amendment?",
   "answer": "AgriSURE stands for 'Agri Fund for Start Ups & Rural Enterprises'. It is a fund added to Annex I of the NBFC Directions, meaning NBFCs can now consider it as part of their permissible financial services.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13379&Mode=0"
  },
  {
   "question": "What is the AgriSURE fund?",
   "answer": "It is a fund earmarked for start‑ups and rural enterprises, added to the small finance banks’ undertaking.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13389&Mode=0"
  },
  {
   "question": "What is the all-in-cost ceiling for ECB that remains applicable?",
   "answer": "The ceiling is the same as specified in A.P. (DIR Series) Circular No. 99 dated March 30, 2012. The circular does not provide the specific rate, but it remains unchanged until March 31, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-303/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8481&Mode=0"
  },
  {
   "question": "What is the all-in-cost ceiling for ECB that remains unchanged?",
   "answer": "The ceiling is the same as specified in the March 30, 2012 circular. The circular does not provide the specific rate, but it refers to that earlier directive. Banks should refer to that circular for exact figures.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-561/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8833&Mode=0"
  },
  {
   "question": "What is the all-in-cost ceiling for trade credits?",
   "answer": "It is the maximum total cost (interest plus fees) that can be charged on trade credits for imports into India, as specified in earlier RBI circulars.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-301/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8474&Mode=0"
  },
  {
   "question": "What is the allocation limit for non-competitive bids from retail investors?",
   "answer": "Non-competitive bids are capped at a maximum of 5% of the aggregate nominal amount of the issue, within the notified amount set by the government.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12193&Mode=0"
  },
  {
   "question": "What is the auction method for these securities?",
   "answer": "The auction uses a uniform price method, where all successful bidders pay the same price determined by the competitive bidding process.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-563/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8839&Mode=0"
  },
  {
   "question": "What is the auction method for this underwriting auction?",
   "answer": "The underwriting auction will be conducted using a multiple price-based method, meaning each successful bidder pays the price they bid.",
   "page": "https://bankpulse.ai/c/rbi-doc-62956/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62956"
  },
  {
   "question": "What is the authorization method for ICCW transactions?",
   "answer": "UPI is used for customer authorization, while settlement is processed through NFS or ATM networks.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12321&Mode=0"
  },
  {
   "question": "What is the average NIM of Indian banks?",
   "answer": "At the system level, Indian scheduled commercial banks run a NIM of roughly 3.0-3.5% on the latest readings -- about 3.4% in FY25. That average hides a wide gap by bank group: public-sector banks typically earn around 2.6-3.0%, while private-sector banks earn about 3.8-4.2%, helped by a richer retail loan mix and a higher share of low-cost current and savings (CASA) deposits. These figures are rounded and approximate and individual banks vary.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the Banking Service Price Index return?",
   "answer": "It is a return that includes data on fees income and fee charges for banking services, along with selective data on deposits and loans.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-170/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12242&Mode=0"
  },
  {
   "question": "What is the BankPulse banking glossary?",
   "answer": "It is a plain-English glossary of the core RBI and Indian-banking terms a banker meets daily — from the repo rate and CRAR to gross NPA, PCR, slippage and the credit-deposit ratio — each cross-linked to the live data dashboard or topic page where the rules are tracked.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the BankPulse Compliance Co-pilot?",
   "answer": "It is a tool that turns any RBI circular — or a described deal — into a plain-English compliance action plan: what changes, who must act, the deadline, and the governing Master Direction, each linked to its official RBI source and reviewed by a Chartered Accountant.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the base CRR requirement under Section 42(1)?",
   "answer": "All scheduled banks must maintain a CRR of 4.50% of Net Demand and Time Liabilities (NDTL) with RBI.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12526&Mode=0"
  },
  {
   "question": "What is the base date for calculating incremental deposits?",
   "answer": "The base date is July 26, 2013. Only deposits above the balance on that date qualify for exemptions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-184/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8309&Mode=0"
  },
  {
   "question": "What is the basis for applying PCA to government NBFCs?",
   "answer": "The framework will be applied using the audited financials of the NBFC as on March 31, 2024, or subsequent dates.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12543&Mode=0"
  },
  {
   "question": "What is the basis for calculating CRR?",
   "answer": "CRR is calculated as a percentage of Net Demand and Time Liabilities (NDTL).",
   "page": "https://bankpulse.ai/c/rbi-2022-23-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12313&Mode=0"
  },
  {
   "question": "What is the basis for calculating SLR under this circular?",
   "answer": "SLR is calculated as a percentage of total net demand and time liabilities (NDTL) in India as on the last Friday of the second preceding fortnight.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-622/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8916&Mode=0"
  },
  {
   "question": "What is the basis for this RBI circular?",
   "answer": "It is issued under Section 51A of the Unlawful Activities (Prevention) Act, 1967, and references the Master Direction on KYC dated February 25, 2016 (as amended). The UNSC removed two entries from its sanctions list via press release SC/14440 dated February 19, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12033&Mode=0"
  },
  {
   "question": "What is the benchmark rate for these FCS-OIS?",
   "answer": "The FCS-OIS must be based on the Overnight Mumbai Interbank Outright Rate (MIBOR) published by Financial Benchmarks India Pvt. Ltd. (FBIL).",
   "page": "https://bankpulse.ai/c/rbi-2021-22-157/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12229&Mode=0"
  },
  {
   "question": "What is the benefit of CRR/SLR exemption mentioned?",
   "answer": "The original circular allowed banks to pass on the benefit of exemption from CRR and SLR requirements on these specific incremental NRE deposits, which helps reduce the cost of funds for banks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-387/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8601&Mode=0"
  },
  {
   "question": "What is the benefit of denominating FC export credit in foreign currency?",
   "answer": "It insulates exporters from rupee fluctuations, as the FC component is sanctioned, disbursed, and monitored in FC, with only translation in banks' books using ongoing exchange rates.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-291/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8460&Mode=0"
  },
  {
   "question": "What is the board approval threshold for a voluntary amalgamation under these Directions?",
   "answer": "The decision must be approved by a two-thirds majority of the total number of board members of both the amalgamating and amalgamated banks, not merely those present and voting.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-223/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13085&Mode=0"
  },
  {
   "question": "What is the cap for commercial banks lending to NBFCs for priority sector on-lending?",
   "answer": "The overall limit is 5% of the individual bank's total priority sector lending, calculated as a four-quarter average.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12317&Mode=0"
  },
  {
   "question": "What is the cap on individual shareholding in a UCB?",
   "answer": "An individual member's shareholding is restricted to 5% of the total paid-up share capital of the UCB.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-307/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8485&Mode=0"
  },
  {
   "question": "What is the Capital Adequacy Ratio (CRAR) for banks in India?",
   "answer": "The Capital to Risk-weighted Assets Ratio (CRAR), often just called capital adequacy, is the minimum capital a bank must hold against its risk-weighted assets so it can absorb losses. Under the Basel III framework as implemented by the Reserve Bank’s Department of Regulation, scheduled commercial banks must maintain a minimum total CRAR of 9% — higher than the 8% Basel floor — plus a Capital Conservation Buffer of 2.5%, taking the effective requirement to about 11.5%. The exact composition (Common Equity Tier 1, Additional Tier 1 and Tier 2) and any buffers are set in the prudential Master Directions linked on this page. This is general information, not advice; methodology reviewed by Vikram Jain, and BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the capital charge for forex market risk under the standardized approach?",
   "answer": "SPDs must maintain a 15% capital charge on net open positions (limits or actual, whichever is higher) with a 100% risk weight, over and above the 15% credit risk charge.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-127/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12398&Mode=0"
  },
  {
   "question": "What is the CASA ratio?",
   "answer": "The CASA ratio is the share of a bank's deposits held in Current Accounts and Savings Accounts (CASA), as opposed to fixed/term deposits. Current and savings balances pay little or no interest, so they are low-cost, sticky funding. A higher CASA ratio means cheaper funding and a better net interest margin; a lower CASA ratio means the bank relies more on costlier term deposits. India's system-wide CASA ratio is roughly 38% on the latest readings -- meaning about 38 paise of every deposit rupee sits in current or savings accounts.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the Cash Reserve Ratio and why does it matter?",
   "answer": "The CRR is the share of a bank's net demand and time liabilities (deposits) that it must keep with the RBI as cash, earning no interest. A lower CRR releases funds banks can lend, easing liquidity; a higher CRR absorbs liquidity. It is a core monetary-policy and liquidity-management tool, distinct from the policy repo rate.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the CDS limit for FPIs in FY 2026-27?",
   "answer": "The aggregate notional amount of CDS sold by FPIs is capped at 5% of outstanding corporate bonds, with an additional limit of ₹3,30,464 crore for the year.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13366&Mode=0"
  },
  {
   "question": "What is the CDS sale limit for FPIs?",
   "answer": "The aggregate notional amount of CDS sold by FPIs is capped at 5% of the outstanding stock of corporate bonds, with an additional limit of ₹2,22,623 crore set for FY 2022-23.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12295&Mode=0"
  },
  {
   "question": "What is the Central KYC Registry?",
   "answer": "It is a central repository of KYC records that regulated entities upload to and retrieve from, reducing repeated documentation for customers across institutions. Obligations to use it are in the applicable circular.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the circular about?",
   "answer": "It provides guidelines on investments in Market Infrastructure Companies (MICs) by UCBs.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-583/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8869&Mode=0"
  },
  {
   "question": "What is the classification for reverse repos with other banks that have a tenor of 10 days?",
   "answer": "Reverse repos with banks and other institutions having original tenors up to and inclusive of 14 days should be classified under item (ii) 'Money at call and short notice' in Schedule 7.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12322&Mode=0"
  },
  {
   "question": "What is the compensation amount for delayed resolution?",
   "answer": "₹100 per calendar day for delays beyond 30 calendar days from the date of complaint filing.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12554&Mode=0"
  },
  {
   "question": "What is the condition for disbursing real estate loans?",
   "answer": "NBFCs must ensure that borrowers have obtained prior permission from government or local statutory authorities for the project before disbursement, though loan sanction can proceed in normal course.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12294&Mode=0"
  },
  {
   "question": "What is the consolidated RBI rulebook UPI sits under?",
   "answer": "On the RBI side, the anchoring document is the Master Direction on Authorisation to operate a Payment System, supported by DPSS circulars on prepaid payment instruments (PPIs), payment aggregators and gateways, card tokenisation, additional-factor authentication and a customer's liability for unauthorised electronic transactions. These set the safeguards within which UPI and other retail rails operate.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the contact information for Punjab National Bank?",
   "answer": "Not specified in the notification.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-220/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13304&Mode=0"
  },
  {
   "question": "What is the cooling-off period for directors of rural co-operative banks?",
   "answer": "A director on the Board of an RCB, after completing a continuous tenure of ten years in office, shall be eligible to be re-appointed only after undergoing a minimum cooling-off period of three years.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-298/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13006&Mode=0"
  },
  {
   "question": "What is the corpus of PIDF and who contributes?",
   "answer": "PIDF has a corpus of ₹345 crore, with ₹250 crore from RBI and ₹95 crore from major authorised card networks (source para 2; note source para 6.2 says ₹100 crore from card networks, indicating a discrepancy).",
   "page": "https://bankpulse.ai/c/rbi-2020-21-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12009&Mode=0"
  },
  {
   "question": "What is the cost-to-income ratio of a bank?",
   "answer": "The cost-to-income ratio is a bank's operating expenses divided by its net total income -- net interest income (interest earned minus interest paid) plus other/non-interest income (fees, commissions, treasury gains). It measures operating efficiency: how much the bank spends to generate each rupee of income. A lower ratio is better. India's system-wide cost-to-income ratio is roughly 48% on the latest readings, meaning banks spend about 48 paise of every rupee of net income on running costs such as staff, branches and technology.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the CRAR requirement for Tier-2 to Tier-4 UCBs?",
   "answer": "They must maintain a minimum CRAR of 12% of risk-weighted assets, with phased targets: 10% by March 31, 2024, 11% by March 31, 2025, and 12% by March 31, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-146/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12418&Mode=0"
  },
  {
   "question": "What is the credit conversion factor for irrevocable payment commitments under this amendment?",
   "answer": "The amendment specifies a 100% credit conversion factor for such commitments, but capital is maintained only on the amount taken as capital market exposure.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-261/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13353&Mode=0"
  },
  {
   "question": "What is the Credit Default Swap limit for FPIs?",
   "answer": "The aggregate notional amount of CDS sold by FPIs is set at 5% of the outstanding stock of corporate bonds. For 2024-25, an additional limit of ₹2,54,500 crore is set out.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12675&Mode=0"
  },
  {
   "question": "What is the credit-deposit (CD) ratio?",
   "answer": "The credit-deposit (CD) ratio is total bank credit (loans and advances) expressed as a percentage of aggregate deposits. A CD ratio of 80% means a bank has lent out 80 rupees for every 100 rupees of deposits it holds. It is a headline measure of how much of a bank's deposit base is deployed as credit, and of the funding and liquidity headroom that remains.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the credit-deposit ratio and what is it now?",
   "answer": "The credit-deposit (CD) ratio is the share of a bank's deposits deployed as loans. For the system it is around 82% as of April 2026. A rising CD ratio signals tighter funding and intensifies competition for deposits.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the current account deficit (CAD)?",
   "answer": "The current account records a country's transactions with the rest of the world in goods, services, primary income (like interest and dividends) and secondary income (like remittances). A current account deficit (CAD) means a country imports more goods, services and income than it exports and so is a net borrower from the rest of the world. India's CAD is recently of the order of 1.0% of GDP.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the current automatic route limit for fresh ODI financial commitments?",
   "answer": "The automatic route limit is 100% of the Indian party's net worth. Commitments funded via EEFC, ADR/GDR, or eligible ECB are exempt from this cap.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-220/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8369&Mode=0"
  },
  {
   "question": "What is the current RBI CRR (Cash Reserve Ratio)?",
   "answer": "The RBI Cash Reserve Ratio is 3.00% as of June 2026, reached after a 100 basis-point phased cut in four equal tranches that ran from September to November 2025.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the current RBI repo rate?",
   "answer": "The RBI repo rate is 5.25% as of June 2026, held after a 125 basis-point easing cycle that cut it from a 6.50% peak. The most recent change was a cut to 5.25% effective 5 December 2025. At its most recent meeting on 5 June 2026 the MPC held the rate unchanged at 5.25% with a neutral stance.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the current RBI SLR (Statutory Liquidity Ratio)?",
   "answer": "The RBI Statutory Liquidity Ratio is 18.00% of net demand and time liabilities as of June 2026. It has been held at 18.00% since 11 April 2020, the final step of a 25 basis-point-per-quarter glide path that began in January 2019.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the cut-off date for switching to EDPMS?",
   "answer": "RBI will notify the cut-off date shortly. After that date, all new shipping documents must be reported in EDPMS; old documents continue in the legacy system until completion.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-481/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8733&Mode=0"
  },
  {
   "question": "What is the cut-off time for submitting luggage files on March 30?",
   "answer": "The circular does not specify a precise time, but states that luggage files will be accepted up to the stipulated cut-off time for accounting on the same day. Banks should refer to their existing e-Kuber guidelines for the exact cut-off.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12763&Mode=0"
  },
  {
   "question": "What is the daily cash withdrawal limit for prepaid cards at POS?",
   "answer": "The limit is Rs. 1,000 per day, same as for debit cards, subject to the same conditions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-231/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8382&Mode=0"
  },
  {
   "question": "What is the date of this RBI circular?",
   "answer": "The circular is dated May 7, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-583/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8869&Mode=0"
  },
  {
   "question": "What is the deadline for achieving the 9% CRAR?",
   "answer": "StCBs/CCBs must achieve 9% CRAR by March 31, 2017, with an interim target of 7% by March 31, 2015.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-433/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8677&Mode=0"
  },
  {
   "question": "What is the deadline for all branches to be under CTS?",
   "answer": "All bank branches must participate in image-based CTS under respective grids by September 30, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12039&Mode=0"
  },
  {
   "question": "What is the deadline for appointing a CCO?",
   "answer": "Tier 4 UCBs must appoint a CCO and put in place the compliance function by April 1, 2023. Tier 3 UCBs have until October 1, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12389&Mode=0"
  },
  {
   "question": "What is the deadline for appointing a CRO?",
   "answer": "UCBs meeting the ₹5,000 crore asset threshold as on March 31, 2021, must appoint a CRO by March 31, 2022. Those crossing the threshold later have six months from the end of the financial year.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12121&Mode=0"
  },
  {
   "question": "What is the deadline for appointing a nodal officer for CIC grievances?",
   "answer": "The directions come into effect six months from the date of the circular (October 26, 2023), so by April 26, 2024. Changes to the nodal officer must be communicated to CICs within 5 calendar days.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12553&Mode=0"
  },
  {
   "question": "What is the deadline for banks to comply with the revised guidelines?",
   "answer": "The revised guidelines come into effect from October 1, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12876&Mode=0"
  },
  {
   "question": "What is the deadline for banks to comply with the updated sanctions list?",
   "answer": "The updates are effective from May 21, 2026, and banks must take immediate action to comply.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13460&Mode=0"
  },
  {
   "question": "What is the deadline for banks to comply with these instructions?",
   "answer": "Banks must comply within six months from the date of the circular, i.e., by January 9, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12129&Mode=0"
  },
  {
   "question": "What is the deadline for banks to report corrective actions?",
   "answer": "Banks must inform the Senior Supervisory Manager of RBI within three months from September 30, 2024, about the actions taken to address the deficiencies.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12735&Mode=0"
  },
  {
   "question": "What is the deadline for banks to submit claims for the period October 2021 to March 2022?",
   "answer": "Banks must submit sector-wise consolidated reimbursement claims to RBI by April 30, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-180/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12252&Mode=0"
  },
  {
   "question": "What is the deadline for banks to update CICs?",
   "answer": "Banks must forward corrected credit information to CICs within 21 calendar days of being informed of the inaccuracy.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12554&Mode=0"
  },
  {
   "question": "What is the deadline for CICs to appoint an Internal Ombudsman?",
   "answer": "The RBI directions come into effect from April 1, 2023, so CICs must have the IO in place by that date.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12395&Mode=0"
  },
  {
   "question": "What is the deadline for closing March 2014 residual transactions?",
   "answer": "The Government of India has set April 15, 2014 as the closure date for residual March 2014 transactions for FY 2013-14.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-539/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8805&Mode=0"
  },
  {
   "question": "What is the deadline for compliance with these digital lending guidelines?",
   "answer": "New loans and fresh customer onboarding must comply from September 2, 2022. Existing digital loans sanctioned before that date must be brought into full compliance by November 30, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12382&Mode=0"
  },
  {
   "question": "What is the deadline for compliance?",
   "answer": "The circular does not specify a deadline, but advises immediate action. Banks must report status to the concerned Regional Office of RBI as soon as possible.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-579/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8860&Mode=0"
  },
  {
   "question": "What is the deadline for enabling PPI interoperability?",
   "answer": "PPI issuers must enable interoperability for full-KYC PPIs through authorised card networks and UPI by March 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12094&Mode=0"
  },
  {
   "question": "What is the deadline for existing FFMCs and non-bank AD Cat-II to register on APConnect?",
   "answer": "Existing entities must register within three months from April 6, 2023, i.e., by July 6, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12485&Mode=0"
  },
  {
   "question": "What is the deadline for existing IT outsourcing agreements to comply with the provisions of these directions?",
   "answer": "April 10, 2026",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-293/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13012&Mode=0"
  },
  {
   "question": "What is the deadline for filing these statements?",
   "answer": "The statements must be submitted within 15 days of the close of the quarter to which they pertain.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-422/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8660&Mode=0"
  },
  {
   "question": "What is the deadline for fully providing for PNCPS?",
   "answer": "UCBs must fully provide for their PNCPS investments by March 31, 2024. They can spread the net provisions (after adjusting existing provisions on deposits) equally over two financial years.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12338&Mode=0"
  },
  {
   "question": "What is the deadline for implementing actual-usage-based charges?",
   "answer": "The circular does not specify a deadline; banks are advised to leverage technology to implement this.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-381/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8594&Mode=0"
  },
  {
   "question": "What is the deadline for implementing RBIA?",
   "answer": "The deadline is March 31, 2022, as per the circular dated February 3, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12018&Mode=0"
  },
  {
   "question": "What is the deadline for implementing the Board of Management requirement?",
   "answer": "The circular does not specify a new deadline; it references the earlier circular of December 31, 2019, which already required UCBs with deposits over Rs.100 crore to constitute a Board of Management. Banks should comply immediately.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12642&Mode=0"
  },
  {
   "question": "What is the deadline for implementing the new compliance system?",
   "answer": "The deadline is June 30, 2024, for completing the review and instituting necessary changes or implementing new systems.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12603&Mode=0"
  },
  {
   "question": "What is the deadline for implementing these changes?",
   "answer": "The circular is dated January 6, 2024. Regulated entities must act immediately to update screening systems and freeze any matching accounts without delay.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12596&Mode=0"
  },
  {
   "question": "What is the deadline for implementing these IS audit instructions?",
   "answer": "UCBs must implement these instructions during the current accounting year, which runs from April 1, 2014, to March 31, 2015.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-638/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8937&Mode=0"
  },
  {
   "question": "What is the deadline for implementing these new sanctions?",
   "answer": "The RBI circular is dated April 27, 2023, and advises immediate action. There is no specific grace period; regulated entities must update their screening lists and freeze assets without delay.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12496&Mode=0"
  },
  {
   "question": "What is the deadline for implementing these UNSC list amendments?",
   "answer": "The circular is effective from April 15, 2026. Regulated entities must act immediately—no grace period is provided. Delays may attract penalties under UAPA and RBI KYC Directions.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13371&Mode=0"
  },
  {
   "question": "What is the deadline for implementing these UNSC list updates?",
   "answer": "The circular is dated November 15, 2023, and compliance should be immediate. There is no grace period specified; regulated entities must act promptly to update their screening systems and freeze any matched accounts.",
   "page": "https://bankpulse.ai/c/rbi-2023-2024-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12566&Mode=0"
  },
  {
   "question": "What is the deadline for implementing this scheme?",
   "answer": "RBI advises all lending institutions to take necessary action within the stipulated timeline as per the scheme, but the exact date is not specified in this notification.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11989&Mode=0"
  },
  {
   "question": "What is the deadline for implementing this update?",
   "answer": "The notification is effective from April 1, 2026. Immediate action is required—no grace period is specified. Banks should update screening systems and complete backward checks as soon as possible.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13357&Mode=0"
  },
  {
   "question": "What is the deadline for invoking restructuring under this framework?",
   "answer": "Restructuring must be invoked by September 30, 2021. Invocation means the lender and borrower agree to proceed with finalising a plan. Lenders must communicate decisions within 30 days of receiving applications.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12086&Mode=0"
  },
  {
   "question": "What is the deadline for making new ATMs talking ATMs?",
   "answer": "All new ATMs installed from July 1, 2014 must be talking ATMs with Braille keypads.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-598/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8891&Mode=0"
  },
  {
   "question": "What is the deadline for mandatory online reporting?",
   "answer": "Online submission of foreign contribution receipt reports becomes compulsory from November 1, 2013. Until October 31, 2013, it remains optional.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-280/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8445&Mode=0"
  },
  {
   "question": "What is the deadline for meeting the specified requirements for reporting?",
   "answer": "The deadlines are July 1, 2027, January 1, 2028, and July 1, 2028, for meeting the requirements of reporting at least 70%, 80%, and 100% of notional value, respectively.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13402&Mode=0"
  },
  {
   "question": "What is the deadline for migrating proprietary QR codes?",
   "answer": "The migration must be completed by March 31, 2022. No new proprietary QR codes can be launched after the circular date.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-59/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11987&Mode=0"
  },
  {
   "question": "What is the deadline for migrating to the .bank.in domain?",
   "answer": "All banks must complete the migration by October 31, 2025, as per the RBI circular dated April 22, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12837&Mode=0"
  },
  {
   "question": "What is the deadline for non-bank PAs to apply for authorization?",
   "answer": "Non-bank PAs currently providing cross-border services must apply to RBI by April 30, 2024, and can continue operations until RBI communicates its decision.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12561&Mode=0"
  },
  {
   "question": "What is the deadline for purging stored card data?",
   "answer": "All entities except card issuers and card networks must purge stored actual card data by January 1, 2022. Only last four digits and issuer name can be retained for reconciliation.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12159&Mode=0"
  },
  {
   "question": "What is the deadline for refunding the identified amounts to RBI?",
   "answer": "The deadline is December 20, 2013, for both CAG-flagged and non-CAG cases.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-376/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8583&Mode=0"
  },
  {
   "question": "What is the deadline for reporting government transactions for March 31, 2025?",
   "answer": "The reporting window for uploading central and state government transactions, including GST/TIN 2.0/ICEGATE/state e-receipts luggage files, is open until 1200 hours noon on April 1, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12791&Mode=0"
  },
  {
   "question": "What is the deadline for reporting government transactions to RBI?",
   "answer": "The reporting window for uploading GST/e-receipts luggage files and other government transactions is extended to 12 noon on April 1, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12045&Mode=0"
  },
  {
   "question": "What is the deadline for reporting inter-bank FX contracts not involving INR?",
   "answer": "Inter-bank FX contracts not involving INR executed up to 5 PM on any day must be reported by 5:30 PM that day. Contracts executed after 5 PM must be reported by 10 AM the following business day.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12748&Mode=0"
  },
  {
   "question": "What is the deadline for reporting March 2021 residual transactions?",
   "answer": "The closure date for residual March 2021 transactions is April 10, 2021. All such transactions must be reported by nodal/focal point branches to the Link Cell and RBI CAS Nagpur by this date.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12040&Mode=0"
  },
  {
   "question": "What is the deadline for reporting March 2022 residual transactions?",
   "answer": "The closure date is April 11, 2022. All March residual transactions must be reported to RBI CAS Nagpur via Link Cell by this date, with separate scrolls and daily memos.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-176/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12248&Mode=0"
  },
  {
   "question": "What is the deadline for reporting March 2023 residual transactions?",
   "answer": "The closure date for residual March 2023 transactions is April 10, 2023. All transactions reported after this date will be accounted in the month of report, regardless of the transaction date.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-184/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12460&Mode=0"
  },
  {
   "question": "What is the deadline for reporting March 2024 residual transactions?",
   "answer": "The closure date for residual March 2024 transactions is April 10, 2024. All such transactions must be reported by nodal/focal point branches to Link Cells and then to RBI CAS Nagpur by this date.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12623&Mode=0"
  },
  {
   "question": "What is the deadline for reporting March 2025 residual transactions?",
   "answer": "April 10, 2025. After this date, transactions will be reported in the usual manner for the month of report, regardless of the transaction date.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-122/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12789&Mode=0"
  },
  {
   "question": "What is the deadline for reporting OTC gold derivative transactions to CCIL?",
   "answer": "All OTC gold derivative transactions must be reported to CCIL's trade repository before 12:00 noon of the following business day, effective from February 1, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12757&Mode=0"
  },
  {
   "question": "What is the deadline for reporting past partly paid unit issuances?",
   "answer": "Investment vehicles must file Form InVI for partly paid units issued before May 23, 2025, within 180 days from that date, i.e., by November 19, 2025, with no late fee.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12852&Mode=0"
  },
  {
   "question": "What is the deadline for reviewing the fit-and-proper status of existing MD/WTD?",
   "answer": "UCBs must complete the review and confirm the status to the concerned RBI regional office within two months from the date of issue of the circular, i.e., by August 25, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12119&Mode=0"
  },
  {
   "question": "What is the deadline for starting quarterly reporting on nomination coverage?",
   "answer": "The first quarterly report on the DAKSH portal is due by March 31, 2025, and must continue every quarter thereafter.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12769&Mode=0"
  },
  {
   "question": "What is the deadline for stopping new LIBOR contracts?",
   "answer": "RBI encourages banks to cease new LIBOR-linked contracts by December 31, 2021, except for hedging or risk management of existing exposures.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12128&Mode=0"
  },
  {
   "question": "What is the deadline for submitting 'LRS daily return' by AD Category-II banks/entities and FFMCs?",
   "answer": "January 1, 2026",
   "page": "https://bankpulse.ai/c/rbi-2025-26-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13172&Mode=0"
  },
  {
   "question": "What is the deadline for submitting FETERS-Cards data?",
   "answer": "Data must be submitted within seven working days from the last date of the month. For April 2021 transactions, the first submission is due in the first week of May 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12046&Mode=0"
  },
  {
   "question": "What is the deadline for submitting guarantee returns?",
   "answer": "Authorised dealer banks must submit the returns to RBI within 30 calendar days from the end of the respective quarter through CIMS.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-02/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13358&Mode=0"
  },
  {
   "question": "What is the deadline for submitting the action plan?",
   "answer": "The action plan must be submitted within one month from the circular date, i.e., by November 11, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12741&Mode=0"
  },
  {
   "question": "What is the deadline for submitting the application?",
   "answer": "Applications must be submitted at least 90 days before the vacancy arises or the proposed date of appointment or re-appointment.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-127/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12614&Mode=0"
  },
  {
   "question": "What is the deadline for submitting the auditor certificate?",
   "answer": "The certificate must be submitted to the concerned RBI Regional Office on or before October 15, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-299/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8472&Mode=0"
  },
  {
   "question": "What is the deadline for submitting the NRLM report?",
   "answer": "The report must be emailed to RBI within 15 days from the end of each quarter.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-279/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8443&Mode=0"
  },
  {
   "question": "What is the deadline for submitting the prior approval application to RBI?",
   "answer": "Banks must submit the application for prior approval to RBI's Department of Supervision before July 31 of the reference financial year.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12599&Mode=0"
  },
  {
   "question": "What is the deadline for submitting the WLA Statistics return?",
   "answer": "The return should be submitted by the 7th of the succeeding month.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-171/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13247&Mode=0"
  },
  {
   "question": "What is the deadline for submitting the XBRL report for the quarter ended September 30, 2013?",
   "answer": "The circular does not specify a separate deadline for that quarter, but banks must submit it online even if already filed manually. For subsequent quarters, the deadline is the 10th of the month following the quarter end.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-374/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8581&Mode=0"
  },
  {
   "question": "What is the deadline for submitting these reports?",
   "answer": "Reports must be submitted to the Director, FIU-IND by the 15th of the month following the transaction month.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-555/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8827&Mode=0"
  },
  {
   "question": "What is the deadline for the board review?",
   "answer": "Banks must carry out a review and place a comprehensive compliance report before their boards within three months from the date of the circular, i.e., by September 14, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12339&Mode=0"
  },
  {
   "question": "What is the deadline for the first quarterly report on inoperative accounts?",
   "answer": "Banks must report progress for the quarter ending December 31, 2024, to their Senior Supervisory Manager via the DAKSH portal.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12750&Mode=0"
  },
  {
   "question": "What is the deadline for the first upload?",
   "answer": "The first list must be displayed on the RE's website within six months from the circular date, i.e., by March 25, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12539&Mode=0"
  },
  {
   "question": "What is the deadline for the first XBRL submission under this circular?",
   "answer": "The first submission is for July 2021 data, due on or before August 5, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-56/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12115&Mode=0"
  },
  {
   "question": "What is the deadline for the initial Branch Info return?",
   "answer": "The initial return must be submitted within one month from September 3, 2013, covering all branches as on June 30, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-219/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8368&Mode=0"
  },
  {
   "question": "What is the deadline for the initial transfer under the DEAF Scheme?",
   "answer": "Banks must transfer the cumulative unclaimed balances as of May 23, 2014, to the DEAF account by June 30, 2014, before close of banking hours.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-614/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8907&Mode=0"
  },
  {
   "question": "What is the deadline for transitioning to online bank-wide XOS submission?",
   "answer": "The new system applies from the half-year ending December 2013. Banks must send sample test data by October 31, 2013, to ensure readiness.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-306/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8484&Mode=0"
  },
  {
   "question": "What is the deadline for UCBs to meet the minimum net worth requirement?",
   "answer": "UCBs must achieve at least 50% of the applicable minimum net worth (₹2 crore for single-district, ₹5 crore for others) by March 31, 2026, and the full amount by March 31, 2028.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12816&Mode=0"
  },
  {
   "question": "What is the deadline for UCBs to meet the new minimum net worth?",
   "answer": "UCBs must achieve at least 50% of the applicable minimum net worth by March 31, 2026, and the full amount by March 31, 2028.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-146/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12418&Mode=0"
  },
  {
   "question": "What is the deadline for uploading KYC data of legal entities?",
   "answer": "For accounts opened on or after April 1, 2021, upload must happen at account opening. For existing LE accounts, upload during periodic updation or earlier if updated KYC is received.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12008&Mode=0"
  },
  {
   "question": "What is the deadline for utilising these provisions?",
   "answer": "The facility is available with immediate effect and must be used by March 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12082&Mode=0"
  },
  {
   "question": "What is the deadline to remove existing honorary positions?",
   "answer": "UCBs must eliminate all such existing titles within one year from the circular date, i.e., by April 21, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12299&Mode=0"
  },
  {
   "question": "What is the DEAF fund requirement under these directions?",
   "answer": "Chapter IV details the Depositor Education and Awareness Fund, including credits, refunds, registration, procedural guidelines, returns, and audit requirements for Payments Banks.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-221/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13087&Mode=0"
  },
  {
   "question": "What is the definition of 'exposure' for LEI purposes?",
   "answer": "Exposure includes all fund-based and non-fund-based credit and investment exposure. The aggregate sanctioned limit or outstanding balance, whichever is higher, is considered.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-34/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12301&Mode=0"
  },
  {
   "question": "What is the definition of 'high-quality infrastructure project' for these risk weights?",
   "answer": "The amendment refers to the definition in the Reserve Bank of India (Non-Banking Financial Companies - Concentration Risk Management) Amendment Directions, 2026. NBFCs should refer to that specific direction for the full definition.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-168/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13244&Mode=0"
  },
  {
   "question": "What is the definition of 'major shareholder' for this circular?",
   "answer": "A major shareholder is a person holding 10% or more of the paid-up share capital or ₹5 crore in paid-up shares, whichever is less.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12132&Mode=0"
  },
  {
   "question": "What is the definition of 'NBFC not availing public funds and not having any customer interface'?",
   "answer": "An NBFC registered with the Reserve Bank as Type I NBFC or otherwise, not accepting public funds and not intending to accept public funds in the future, and not having customer interface and not intending to have customer interface in the future.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13407&Mode=0"
  },
  {
   "question": "What is the definition of a 'debtor company' under this circular?",
   "answer": "A debtor company is any company to which the regulated entity currently has or previously had a loan or investment exposure anytime during the preceding 12 months.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12572&Mode=0"
  },
  {
   "question": "What is the definition of a 'New MSME borrower' for this CRR exemption?",
   "answer": "A 'New MSME borrower' is one who had not availed any credit facilities from the banking system as on January 1, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12022&Mode=0"
  },
  {
   "question": "What is the definition of a 'professional director' under these Directions?",
   "answer": "A professional director is a person with suitable banking experience at middle/senior management level or with relevant professional qualifications in law, accountancy, or finance. UCBs must have at least two such directors on their board.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-273/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13032&Mode=0"
  },
  {
   "question": "What is the definition of a bulk deposit under these rules?",
   "answer": "A bulk deposit is a single rupee term deposit of ₹15 lakh and above.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-301/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13003&Mode=0"
  },
  {
   "question": "What is the definition of a microfinance loan under the new directions?",
   "answer": "A microfinance loan is a collateral-free loan given to a household with annual income up to ₹3 lakh. The household includes husband, wife, and unmarried children. The loan must not be linked with a lien on the borrower's deposit account.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12256&Mode=0"
  },
  {
   "question": "What is the definition of an 'inoperative account' for this purpose?",
   "answer": "The circular does not define 'inoperative account'. Banks should use the existing RBI definition as per other circulars.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-611/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8903&Mode=0"
  },
  {
   "question": "What is the definition of an unbanked rural centre under this policy?",
   "answer": "An unbanked rural centre is a location that does not have any brick-and-mortar branch of a scheduled commercial bank for customer banking transactions. Banks must open at least 25% of new branches (excluding incentive-based Tier 1 branches) in such centres annually.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-330/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8518&Mode=0"
  },
  {
   "question": "What is the definition of Annual Percentage Rate (APR) under this direction?",
   "answer": "APR means the annual cost of credit to the borrower, including interest rate and all other charges associated with the credit facility.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-201/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13108&Mode=0"
  },
  {
   "question": "What is the difference between a credit card, a debit card and a prepaid instrument?",
   "answer": "A credit card gives you a revolving unsecured credit line from a bank — you spend now and repay later, often after an interest-free period. A debit card is linked to your own bank account, so a payment is debited directly from your balance. A Prepaid Payment Instrument (PPI), such as a wallet or prepaid card, is loaded with money in advance and then spent down, and is mainly used for small-value retail payments. All three run on card networks or wallet rails regulated by the RBI.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between a deposit-taking and a non-deposit-taking NBFC?",
   "answer": "A deposit-taking NBFC (NBFC-D) is authorised to accept public fixed deposits and therefore faces stricter liquidity, prudential and reporting requirements. A non-deposit-taking NBFC (NBFC-ND) funds itself only from equity, banks and the markets and cannot take public deposits; the larger, systemically important ones (NBFC-ND-SI) still face bank-like prudential norms. The RBI’s Scale-Based Regulation places every NBFC in a layer (Base, Middle, Upper, Top) that sets how intensively it is supervised. NBFC deposits, where permitted, are not DICGC-insured. See the RBI rules in the NBFC Regulation crosswalk.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between a fixed-rate and a floating-rate loan?",
   "answer": "On a fixed-rate loan the interest rate stays constant for the agreed term, so the EMI is predictable regardless of RBI policy moves — useful when rates are expected to rise. On a floating-rate loan the rate moves with its benchmark (for most new retail loans, the repo-linked EBLR, or for legacy loans the MCLR), so EMIs fall when the RBI cuts and rise when it hikes. RBI rules require lenders to give floating-rate retail borrowers a Key Facts Statement and, on any reset, the option to switch to a fixed rate, extend the tenor or raise the EMI. In short: fixed = certainty; floating = pass-through of rate changes. See the RBI rules in the Department of Regulation crosswalk.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between a Master Direction, a Master Circular and a circular?",
   "answer": "All three are ways the Reserve Bank issues its rules, but they differ in form and durability. A circular is a single instruction on a specific subject, issued as needed and often amending or clarifying an existing norm. A Master Circular consolidates all the circulars on one subject into a single up-to-date document and was historically re-issued every year, typically on 1 July. A Master Direction is the RBI’s consolidated, living rulebook on a subject: it sets out the principal regulations in one place and is updated on an ongoing basis as individual amending circulars are issued, so it stays continuously current rather than being reissued annually. In practice the RBI has been moving from annual Master Circulars towards living Master Directions. BankPulse’s crosswalk maps each tracked circular to its parent Master Direction or Master Circular family so you can always reach the consolidated official source. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between a monthly-interest and a bullet-repayment gold loan?",
   "answer": "In a regular EMI or monthly-interest gold loan the borrower services interest periodically over the tenure. In a bullet-repayment loan the whole principal and interest are repaid in a single instalment at maturity — RBI applies the 75% LTV to the maturity value and keeps such loans short-tenor (commonly up to 12 months) to control the build-up of unpaid interest against the collateral.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between a secured and an unsecured loan?",
   "answer": "A secured loan is backed by collateral the borrower pledges — property, gold, a vehicle or a deposit — so on default the lender can enforce the security, including under the SARFAESI Act for eligible secured creditors. Because the lender’s risk is lower, secured loans usually carry lower interest rates and larger ticket sizes (home loans, loan against property, gold loans). An unsecured loan has no collateral and relies on the borrower’s credit profile and income (personal loans, most credit-card debt), so it carries higher rates and tighter limits. RBI fair-practice, Key Facts Statement and provisioning rules apply to both. See the RBI rules in the Department of Regulation crosswalk.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between an NBFC and a bank?",
   "answer": "A bank and a Non-Banking Financial Company (NBFC) both lend and invest, but they differ in what they are legally allowed to do. A bank holds a banking licence under the Banking Regulation Act, 1949, can accept demand deposits that are repayable on demand and withdrawable by cheque, and is part of the payment and settlement system. An NBFC is registered under the Reserve Bank of India Act, 1934, cannot accept demand deposits and is not part of the payment system, so it cannot issue cheques drawn on itself; deposit-taking NBFCs may take only fixed-term deposits within limits. Bank deposits up to a prescribed limit are covered by DICGC deposit insurance, whereas NBFC deposits are not. NBFCs are also subject to reserve requirements such as CRR and SLR differently from banks, and since October 2022 are supervised under the layered Scale-Based Regulation framework. In short, banks run the deposit-and-payments backbone while NBFCs are specialised lenders and investors operating under a lighter, activity-calibrated rulebook. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between an NBFC and an HFC?",
   "answer": "A Housing Finance Company (HFC) is a specialised NBFC focused mainly on housing and real-estate finance. Since 2019 the RBI (not the earlier National Housing Bank) regulates HFCs, and they sit within the broader NBFC framework with some housing-specific norms — principal-business criteria and exposure and loan-to-value rules for home loans. A general NBFC can lend across many segments: vehicles, gold, personal, infrastructure or microfinance. In short: every HFC is a type of NBFC, but one specialised in home loans under additional housing rules and the RBI’s Scale-Based Regulation layers. See the RBI rules in the NBFC Regulation crosswalk.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between CP and CD?",
   "answer": "Both are short-term, discounted money-market instruments, but a Certificate of Deposit is issued by a bank to raise funds, while Commercial Paper is issued by a company, NBFC or financial institution. CD rates tend to track banks' marginal cost of deposits, whereas CP rates reflect the issuer's credit quality and the spread over comparable Treasury bills. CDs are part of a bank's liabilities; CP is corporate borrowing.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between CRR and SLR?",
   "answer": "CRR and SLR are the two reserve requirements the Reserve Bank uses to set aside a portion of a bank’s deposits, but they work differently. CRR (Cash Reserve Ratio) is the share of a bank’s net demand and time liabilities (NDTL) that it must hold as cash balances with the RBI; it earns no interest and cannot be used by the bank for lending or investment, so it is a pure monetary-policy and liquidity tool. SLR (Statutory Liquidity Ratio) is the share of NDTL that a bank must keep in specified liquid assets — chiefly Government Securities, along with cash and gold — which the bank continues to own and which can earn a return; these are largely the dated G-Secs and Treasury Bills issued through the RBI’s Internal Debt Management Department. In short, CRR is cash parked with the RBI that earns nothing, while SLR is mostly government bonds the bank holds itself and earns interest on; the RBI sets both ratios under the Banking Regulation Act and the RBI Act and revises them from time to time through the circulars linked on this page. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between currency in circulation and currency with the public?",
   "answer": "Currency in circulation (CiC) is all notes and coins the RBI has issued that are outside the RBI. Currency with the public is CiC minus the cash that banks hold in their own tills and vaults. Currency with the public is therefore slightly smaller than CiC, and it is the figure that feeds into narrow money (M1) and broad money (M3).",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between demand and time deposits?",
   "answer": "Demand deposits can be withdrawn on demand without notice - mainly current-account and the chequable part of savings balances - and earn little or no interest. Time deposits (also called term or fixed deposits) are locked in for a fixed maturity and pay higher interest. In India, time deposits make up the bulk of bank deposits - of the order of 89% - while demand deposits are about 11%.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between EBLR and MCLR?",
   "answer": "EBLR (External Benchmark Lending Rate) and MCLR (Marginal Cost of funds-based Lending Rate) are the two systems banks use to price floating-rate rupee loans. Since October 2019 the RBI has required most new retail and MSME floating-rate loans to be linked to an external benchmark -- usually the repo rate -- so an EBLR loan reprices almost one-for-one with the repo, typically within a quarter of a change. MCLR is an older internal benchmark based on a bank's own cost of funds; MCLR-linked loans reprice more slowly and only partly, so a repo change reaches them with a longer lag. This is why EBLR has made transmission to fresh loans much faster than it used to be.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between FDI and FPI under FEMA?",
   "answer": "Both are routes for foreign money into India under the Foreign Exchange Management Act (FEMA), but they differ in intent and degree of control. Foreign Direct Investment (FDI) is a lasting interest in an Indian business — typically an unlisted company or a significant, longer-term stake — carrying a say in management. Foreign Portfolio Investment (FPI) is investment in listed securities such as shares and bonds for returns, without controlling the company, and is capped below the FDI threshold (10% of a listed company’s paid-up capital per investor). FDI and FPI follow different entry routes, pricing and reporting rules through Authorised Dealer banks. This is general information, not advice; the governing rules are the FEMA notifications and Master Directions linked on this page. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between FDI and FPI?",
   "answer": "Foreign direct investment (FDI) is a lasting stake a foreign investor takes in an Indian business - typically 10% or more of a company, or setting up operations - so it is long-term, stable 'patient' capital. Foreign portfolio investment (FPI) is foreign money invested in Indian shares and bonds on the markets without control of any company; it is liquid and can be pulled out quickly, so it is far more volatile. India's gross FDI inflows are recently around $71 billion a year, while net FPI swings sharply from year to year.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between GDP and GVA?",
   "answer": "Gross Domestic Product (GDP) measures output at market prices, so it includes the effect of product taxes minus subsidies. Gross Value Added (GVA) measures output at basic prices, before those net taxes. GDP = GVA + (product taxes - product subsidies). Economists watch GVA growth for a cleaner read on underlying production, while GDP is the headline number; the two usually move closely but can diverge when taxes or subsidies change sharply.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between gross NPA and net NPA?",
   "answer": "Gross NPA (GNPA) is the total value of loans a bank has classified as non-performing as a share of gross advances. Net NPA (NNPA) is the same figure after deducting the provisions the bank has already set aside, so net NPA is always lower and shows the un-provided residual stress.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between LCR and NSFR?",
   "answer": "Both are Basel III liquidity standards, but they cover different horizons. The Liquidity Coverage Ratio (LCR) is a short-term test: a bank must hold enough High Quality Liquid Assets (HQLA) to cover its net cash outflows over a 30-day stress scenario, with the ratio kept at a minimum of 100%. The Net Stable Funding Ratio (NSFR) is a structural one-year test: a bank’s available stable funding must at least match the stable funding its assets and activities require over a year, also at a minimum of 100%. In short, LCR guards against a 30-day liquidity shock while NSFR enforces a sound funding structure over the longer term.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between M0 and M3?",
   "answer": "M0 (reserve money or base money) is currency in circulation plus banks' and others' deposits with the RBI — the money the RBI directly creates. M3 (broad money) is much larger because bank lending multiplies base money into deposits; M3 is M1 plus time deposits with banks.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between M1, M2 and M3?",
   "answer": "M1 (narrow money) is the most liquid money: currency with the public, demand deposits with banks and 'other' deposits with the RBI. M2 adds post-office savings deposits. M3 (broad money) is M1 plus time (fixed) deposits with banks, and is the headline aggregate the RBI watches. M4 further adds all post-office deposits.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between NEER and REER?",
   "answer": "The Nominal Effective Exchange Rate (NEER) is the trade-weighted average of the rupee against a basket of foreign currencies. The Real Effective Exchange Rate (REER) adjusts the NEER for relative inflation between India and its trading partners. A rise in either index means the rupee has appreciated in effective terms; a fall means it has depreciated. The RBI publishes 40-currency and 6-currency NEER/REER indices monthly.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between NEFT and RTGS?",
   "answer": "Both are RBI-operated electronic fund-transfer systems, but they settle differently. NEFT (National Electronic Funds Transfer) settles in half-hourly batches and has no minimum amount, so it suits everyday retail transfers. RTGS (Real Time Gross Settlement) settles each transaction individually and instantly and is meant for high-value transfers of ₹2 lakh and above. Both now run 24x7. See the RBI rules in the Payment & Settlement Systems crosswalk.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between NEFT, RTGS and IMPS?",
   "answer": "RTGS (Real Time Gross Settlement) is run by the RBI for large-value transfers of Rs 2 lakh and above, settled one by one in real time with no upper limit. NEFT (National Electronic Funds Transfer) is also run by the RBI but settles in half-hourly batches with no minimum or maximum. IMPS (Immediate Payment Service) is run by NPCI and gives instant interbank transfers up to Rs 5 lakh. All three are now available 24x7.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between NRE, FCNR(B) and NRO accounts?",
   "answer": "An NRE (Non-Resident External) account is rupee-denominated, freely repatriable and the interest is tax-free in India, but it carries exchange-rate risk for the depositor. An FCNR(B) account is held in foreign currency, so the depositor bears no rupee exchange risk and it is fully repatriable. An NRO (Non-Resident Ordinary) account is rupee-denominated for income earned in India, with interest taxable and repatriation subject to limits.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between RBI regulation and supervision?",
   "answer": "Regulation writes the rules — capital, provisioning and conduct norms set by the Department of Regulation. Supervision, run by the Department of Supervision (DOS), checks that banks and NBFCs actually follow them, through on-site inspection, off-site returns, risk-based assessment and enforcement triggers such as Prompt Corrective Action.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between reserve money (M0) and broad money (M3)?",
   "answer": "Reserve money (M0) is the base money the RBI creates directly. Broad money (M3) is the much larger total of currency with the public plus all deposits in the banking system. Banks multiply M0 into M3 through lending, so M3 is several times M0; the ratio M3/M0 is the money multiplier.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between RTGS and NEFT?",
   "answer": "RTGS and NEFT are the Reserve Bank’s two main systems for moving money between bank accounts, both operated by the RBI under the Payment and Settlement Systems Act, 2007 and overseen by its Department of Payment and Settlement Systems. RTGS (Real Time Gross Settlement) settles each transaction individually and continuously, in real time and on a one-to-one gross basis, and is meant for large-value transfers — the minimum amount is Rs 2 lakh, with no upper limit — making it the route for high-value and time-critical payments. NEFT (National Electronic Funds Transfer) settles transactions in batches at frequent intervals rather than one-by-one, and has no minimum or maximum amount, so it suits everyday transfers of any size. Both systems now operate 24x7x365, and customers are not charged by the RBI for online RTGS or NEFT transfers, though banks may levy their own charges for branch-based requests. In short, RTGS is real-time and gross for large values, while NEFT is batch-based and works for amounts of any size. This is general information, not advice; the governing circulars are linked on this page. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between the repo rate and the reverse repo rate?",
   "answer": "Both are policy interest rates the Reserve Bank uses to manage day-to-day liquidity in the banking system through its Liquidity Adjustment Facility (LAF). The repo rate is the rate at which the RBI lends short-term funds to commercial banks against government securities — it is the RBI’s benchmark policy rate, so a rise generally makes borrowing costlier across the economy. The reverse repo rate is the mirror image: the rate at which the RBI absorbs surplus funds by borrowing from banks. In the current operating framework the corridor is anchored by the Standing Deposit Facility (SDF) at the floor and the Marginal Standing Facility (MSF) at the ceiling, with the repo rate in the middle. The rate itself is decided by the Monetary Policy Committee, while market operations and instruments are governed under Financial Markets Regulation. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between UPI and IMPS?",
   "answer": "Both UPI and IMPS are real-time, 24x7 electronic fund-transfer systems operated by the National Payments Corporation of India (NPCI) and overseen by the Reserve Bank’s Department of Payment and Settlement Systems under the Payment and Settlement Systems Act, 2007. IMPS (Immediate Payment Service), launched in 2010, moves money instantly between bank accounts using the beneficiary’s account number and IFSC code, or an MMID and mobile number. UPI (Unified Payments Interface), launched in 2016, is built on top of the IMPS rails but adds a layer that lets you link several bank accounts to a single mobile app and pay using a Virtual Payment Address (UPI ID) or a QR code, without sharing account details — and is typically free for person-to-person transfers. In short, UPI is the newer, app-and-VPA-based experience riding on IMPS infrastructure. This is general information, not advice; the governing circulars are linked on this page. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between VRR and VRRR?",
   "answer": "VRR (Variable Rate Repo) is an auction in which the RBI lends to banks, injecting liquidity when the system is short of cash. VRRR (Variable Rate Reverse Repo) is the opposite - an auction in which the RBI borrows from banks, absorbing surplus liquidity. 'Variable rate' means the rate is set by auction rather than fixed, and the tenor can range from overnight to several days.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the difference between WPI and CPI?",
   "answer": "WPI measures price change at the wholesale/producer level (goods only, with a heavy weight on manufactured products and fuel), while CPI measures retail prices paid by households (and includes services and a large food weight). The RBI's monetary-policy inflation target is set on CPI-Combined, not WPI, so the repo rate responds to CPI. WPI is watched as a leading indicator of input-cost and producer-price pressure.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the district working code assigned to Hojai?",
   "answer": "The district working code for Hojai is 409, as per the RBI notification.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12609&Mode=0"
  },
  {
   "question": "What is the district working code for Agar-Malwa?",
   "answer": "The district working code allotted for Agar-Malwa is 377, to be used for BSR reporting by banks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-360/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8554&Mode=0"
  },
  {
   "question": "What is the district working code for Meluri?",
   "answer": "The working code assigned to Meluri is 02R, which should be read as numeral zero, numeral two, and alphabet R.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12762&Mode=0"
  },
  {
   "question": "What is the district working code for Pakyong?",
   "answer": "The district working code allotted for Pakyong is 01U, to be used for BSR reporting by banks.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-165/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12438&Mode=0"
  },
  {
   "question": "What is the district working code for Tamulpur?",
   "answer": "The code is 02Q (numeral zero, numeral two, alphabet Q).",
   "page": "https://bankpulse.ai/c/rbi-2024-25-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12667&Mode=0"
  },
  {
   "question": "What is the DLA directory and when must we report?",
   "answer": "Paragraph 17 requires REs to report digital lending apps (DLAs) to RBI via the CIMS portal. This provision is effective from June 15, 2025. The directory aims to track and regulate all DLAs in the ecosystem.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12848&Mode=0"
  },
  {
   "question": "What is the duration of credit restrictions after a wilful defaulter's name is removed from the list?",
   "answer": "The bar on additional credit facilities lasts for one year after removal, and the bar on funding new ventures lasts for five years after removal.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-313/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12991&Mode=0"
  },
  {
   "question": "What is the duration of this relaxation?",
   "answer": "This relaxation is effective until September 30, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-143/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13514&Mode=0"
  },
  {
   "question": "What is the ECLGS 5.0 scheme?",
   "answer": "The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 is a government-backed guarantee scheme administered by the National Credit Guarantee Trustee Company (NCGTC) that provides credit guarantees to small businesses and individuals. Refer to NCGTC circular dated May 8, 2026 for details.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-136/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13507&Mode=0"
  },
  {
   "question": "What is the effective date and utilization period for this LoC?",
   "answer": "The agreement is effective from September 13, 2021. The terminal utilization period is 60 months from the scheduled completion date specified in the eligible contract.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12170&Mode=0"
  },
  {
   "question": "What is the effective date for discontinuing the monthly LRS return?",
   "answer": "The monthly LRS return (R089) is discontinued from the reporting month of September 2024. Banks should not submit it for that month onward.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12732&Mode=0"
  },
  {
   "question": "What is the effective date for the fortnightly reporting requirement?",
   "answer": "The new fortnightly reporting frequency and the revised CIC ingestion timeline take effect from January 1, 2025. However, credit institutions and CICs are encouraged to implement these changes as soon as possible.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12718&Mode=0"
  },
  {
   "question": "What is the effective date for the new Directions?",
   "answer": "The Directions overall are effective from November 28, 2025. Part B (Co-Lending Arrangements) comes into force from January 1, 2026, or from any earlier date as decided by a bank as per its internal policy.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-159/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13151&Mode=0"
  },
  {
   "question": "What is the effective date for the new district formation?",
   "answer": "The new district Agar-Malwa was created with effect from August 16, 2013, as per the Madhya Pradesh government notification.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-360/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8554&Mode=0"
  },
  {
   "question": "What is the effective date for the new threshold?",
   "answer": "The revision is effective from the date of the circular, June 4, 2021. All other provisions of the May 5, 2021 circular remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12104&Mode=0"
  },
  {
   "question": "What is the effective date for the removal of these two entries?",
   "answer": "The UNSC press release SC/15309 is dated June 5, 2023, and the RBI circular was issued on June 6, 2023. Entities should act from the date of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12508&Mode=0"
  },
  {
   "question": "What is the effective date for the revised application format?",
   "answer": "The revised format was notified in the Gazette of India on April 21, 2014, and banks are expected to implement it immediately as per the June 12, 2014 circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-654/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8956&Mode=0"
  },
  {
   "question": "What is the effective date for the revised net worth and capital adequacy framework for UCBs?",
   "answer": "The revised framework takes effect from March 31, 2023, as confirmed by this circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-189/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12465&Mode=0"
  },
  {
   "question": "What is the effective date for the uniform holiday calendar under CTS?",
   "answer": "The uniform holiday arrangement takes effect from October 7, 2013, for CTS grids in New Delhi, Chennai, and Mumbai.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-199/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8340&Mode=0"
  },
  {
   "question": "What is the effective date for these changes?",
   "answer": "Both the CRR increase and SLR reduction take effect from the fortnight beginning July 12, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-631/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8926&Mode=0"
  },
  {
   "question": "What is the effective date for these disclosure requirements?",
   "answer": "The amendments come into force from April 1, 2026, but banks may choose to implement them earlier in entirety.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-184/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13260&Mode=0"
  },
  {
   "question": "What is the effective date for these dividend guidelines?",
   "answer": "The guidelines apply to dividends declared from profits of the financial year ending March 31, 2022, and onwards.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-59/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12118&Mode=0"
  },
  {
   "question": "What is the effective date for these guidelines?",
   "answer": "Banks are expected to adopt these updated stress testing guidelines from April 1, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-390/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8605&Mode=0"
  },
  {
   "question": "What is the effective date for these new authentication directions?",
   "answer": "All payment system providers and participants must comply by April 1, 2026, unless a specific provision states otherwise.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12898&Mode=0"
  },
  {
   "question": "What is the effective date for these new BSBD account directions?",
   "answer": "The directions come into effect on April 1, 2026, or on the date the UCB adopts them, whichever is earlier. UCBs are encouraged to implement them as soon as possible.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13178&Mode=0"
  },
  {
   "question": "What is the effective date for these new BSBD account rules?",
   "answer": "The directions come into effect on April 1, 2026, or earlier if a bank adopts them sooner. Banks are encouraged to implement as expeditiously as possible.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13174&Mode=0"
  },
  {
   "question": "What is the effective date for these new disclosure requirements?",
   "answer": "The amendments come into force from April 1, 2026. Banks may choose to implement them earlier in entirety.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-181/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13257&Mode=0"
  },
  {
   "question": "What is the effective date for these new DMT rules?",
   "answer": "The circular comes into effect from November 1, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12707&Mode=0"
  },
  {
   "question": "What is the effective date for these new reporting timelines?",
   "answer": "The directions come into force from July 1, 2026, giving AIFIs about 18 months to prepare.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13186&Mode=0"
  },
  {
   "question": "What is the effective date for these new risk weights?",
   "answer": "The directions come into force from October 1, 2026, or earlier if a bank adopts the related Credit Facilities Third Amendment Directions in entirety.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13480&Mode=0"
  },
  {
   "question": "What is the effective date for this amendment?",
   "answer": "The amendment applies from the date a bank decides to implement the Credit Facilities Amendment Directions, 2026, or from April 1, 2026, whichever is earlier.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-213/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13295&Mode=0"
  },
  {
   "question": "What is the effective date for this change?",
   "answer": "The amendment is effective from May 7, 2014, the date of publication in the Gazette.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-595/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8882&Mode=0"
  },
  {
   "question": "What is the effective date for this clarification?",
   "answer": "The instruction applies to all share-linked instruments granted after the accounting period ending March 31, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12157&Mode=0"
  },
  {
   "question": "What is the effective date for this CRR daily maintenance change?",
   "answer": "The reduced minimum daily maintenance of 95% is effective from the fortnight beginning September 21, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-284/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8447&Mode=0"
  },
  {
   "question": "What is the effective date for this new listing?",
   "answer": "The MHA gazette notification is dated October 10, 2024, and RBI's circular was issued on October 19, 2024. Compliance should be ensured immediately from the date of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12743&Mode=0"
  },
  {
   "question": "What is the effective date for this sanctions update?",
   "answer": "The UNSC added ISIL-SEA to its sanctions list on January 27, 2022, and RBI notified regulated entities on January 30, 2023. Compliance is required from the date of the RBI circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-171/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12447&Mode=0"
  },
  {
   "question": "What is the effective date for using FBIL reference rates for FCNR(B) deposits?",
   "answer": "The change from FEDAI to FBIL reference rates is effective from January 31, 2022, as stated in the RBI circular dated September 16, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12388&Mode=0"
  },
  {
   "question": "What is the effective date for using the new ECB forms?",
   "answer": "The circular states the directions come into force with immediate effect from February 18, 2026. All ECB submissions from this date must use the revised forms.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-223/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13308&Mode=0"
  },
  {
   "question": "What is the effective date of the amended directions?",
   "answer": "April 1, 2026",
   "page": "https://bankpulse.ai/c/rbi-2025-26-185/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13261&Mode=0"
  },
  {
   "question": "What is the effective date of the amendment?",
   "answer": "The amendment notification is dated December 23, 2021, and was communicated by RBI on December 24, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-143/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12212&Mode=0"
  },
  {
   "question": "What is the effective date of the amendments?",
   "answer": "The amendments come into force with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-208/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13292&Mode=0"
  },
  {
   "question": "What is the effective date of the Bank Rate change?",
   "answer": "The Bank Rate was reduced to 8.75% with effect from October 29, 2013, as announced in the Second Quarter Review of Monetary Policy 2013-14.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-348/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8542&Mode=0"
  },
  {
   "question": "What is the effective date of the Lead Bank assignment?",
   "answer": "The effective date is not specified in the notification.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-220/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13304&Mode=0"
  },
  {
   "question": "What is the effective date of the new Authorised Persons Regulations?",
   "answer": "The regulations were notified on April 30, 2026, and published in the Official Gazette on May 6, 2026. Compliance is required from the date of notification.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13445&Mode=0"
  },
  {
   "question": "What is the effective date of the new BBPS Directions?",
   "answer": "The Master Direction – Reserve Bank of India (Bharat Bill Payment System) Directions, 2024 comes into effect from April 1, 2024.",
   "page": "https://bankpulse.ai/c/rbi-dpss-2023-24-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12616&Mode=0"
  },
  {
   "question": "What is the effective date of the new CCP directions?",
   "answer": "The updated Directions for Central Counterparties were issued on October 28, 2024, and replace the earlier June 12, 2019 directions from that date.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12744&Mode=0"
  },
  {
   "question": "What is the effective date of the new CD Master Direction?",
   "answer": "The Master Direction comes into force from June 07, 2021, superseding Section III of the earlier 2016 framework.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12108&Mode=0"
  },
  {
   "question": "What is the effective date of the new Directions, 2026?",
   "answer": "Financial Year 2026-27",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-236/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13323&Mode=0"
  },
  {
   "question": "What is the effective date of the new Directions?",
   "answer": "The revised Directions come into effect from April 5, 2024, replacing the existing Part A (Section I) of the Master Direction dated July 5, 2016.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12594&Mode=0"
  },
  {
   "question": "What is the effective date of the new dividend directions?",
   "answer": "The new directions are effective from Financial Year 2026-27, meaning they apply to dividends declared for that year onwards.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-235/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13322&Mode=0"
  },
  {
   "question": "What is the effective date of the new General Notification?",
   "answer": "The new General Notification is dated March 26, 2025, and supersedes the earlier notifications from March 27, 2018. The RBI circular was issued on March 27, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12802&Mode=0"
  },
  {
   "question": "What is the effective date of the new Master Direction?",
   "answer": "The Master Direction comes into force on May 9, 2022, superseding the earlier circular of January 7, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12226&Mode=0"
  },
  {
   "question": "What is the effective date of the new Master Directions?",
   "answer": "The directions were issued on July 15, 2024, and they supersede the earlier 2016 directions from that date.",
   "page": "https://bankpulse.ai/c/rbi-dos-2024-25-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12702&Mode=0"
  },
  {
   "question": "What is the effective date of the new NDS-OM access directions?",
   "answer": "The directions came into force on October 18, 2024, and apply with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2024-25-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12742&Mode=0"
  },
  {
   "question": "What is the effective date of the new securitisation directions?",
   "answer": "The directions came into effect on November 28, 2025, the date they were placed on RBI's website.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-160/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13150&Mode=0"
  },
  {
   "question": "What is the effective date of the new UFCE Directions?",
   "answer": "The Directions come into force from January 1, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-131/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12402&Mode=0"
  },
  {
   "question": "What is the effective date of the RBI directions?",
   "answer": "The directions are effective immediately.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-265/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13041&Mode=0"
  },
  {
   "question": "What is the effective date of the revised Directions?",
   "answer": "The revised Directions shall be complied with as expeditiously as possible but no later than April 1, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12859&Mode=0"
  },
  {
   "question": "What is the effective date of the revised LWE district list?",
   "answer": "The revised list is effective from August 22, 2022, the date of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12379&Mode=0"
  },
  {
   "question": "What is the effective date of the revised SGL/CSGL guidelines?",
   "answer": "The revised guidelines were gazetted and issued on September 22, 2021, and supersede the earlier guidelines from October 29, 2018.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12174&Mode=0"
  },
  {
   "question": "What is the effective date of the updated directions?",
   "answer": "The updated directions come into effect immediately.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-148/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13162&Mode=0"
  },
  {
   "question": "What is the effective date of the updated Master Direction?",
   "answer": "The updated Master Direction is effective immediately.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2025-26-142/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12920&Mode=0"
  },
  {
   "question": "What is the effective date of the withdrawal of the Master Circular?",
   "answer": "October 1, 2024",
   "page": "https://bankpulse.ai/c/rbi-2025-26-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12851&Mode=0"
  },
  {
   "question": "What is the effective date of these amendment directions?",
   "answer": "The directions are applicable when the NBFC decides to implement the RBI (NBFC – Prudential Norms on Capital Adequacy) Amendment Directions, 2026 or from April 1, 2026, whichever is earlier.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-169/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13245&Mode=0"
  },
  {
   "question": "What is the effective date of these amendments?",
   "answer": "The amendments come into effect from the date of issue, i.e., March 10, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-238/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13326&Mode=0"
  },
  {
   "question": "What is the effective date of these directions?",
   "answer": "The directions came into force on April 5, 2021, as per the notification dated April 1, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12061&Mode=0"
  },
  {
   "question": "What is the effective date of these guidelines?",
   "answer": "The guidelines come into effect from April 1, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12303&Mode=0"
  },
  {
   "question": "What is the effective date of these instructions?",
   "answer": "The instructions are applicable with immediate effect from June 9, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12862&Mode=0"
  },
  {
   "question": "What is the effective date of these KYC amendments?",
   "answer": "The amended provisions in the Master Direction on KYC shall come into force with immediate effect from the date of the circular (April 28, 2023).",
   "page": "https://bankpulse.ai/c/rbi-2023-24-24/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12497&Mode=0"
  },
  {
   "question": "What is the effective date of these Master Directions?",
   "answer": "The Directions came into effect from the date they were placed on the RBI website, i.e., August 27, 2021, with subsequent updates as per respective timelines.",
   "page": "https://bankpulse.ai/c/rbi-dpss-2021-22-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12156&Mode=0"
  },
  {
   "question": "What is the effective date of these new directions?",
   "answer": "The directions were issued on July 15, 2024, and supersede the earlier master circular from July 1, 2015.",
   "page": "https://bankpulse.ai/c/rbi-dos-2024-25-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12703&Mode=0"
  },
  {
   "question": "What is the effective date of these new IRAC directions for UCBs?",
   "answer": "The directions came into force with immediate effect from November 28, 2025, the date of issuance.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-286/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13019&Mode=0"
  },
  {
   "question": "What is the effective date of these new reporting timelines?",
   "answer": "The amendment directions come into force from July 1, 2026, giving institutions about 18 months to prepare.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13189&Mode=0"
  },
  {
   "question": "What is the effective date of these revised directions?",
   "answer": "The directions are issued on February 5, 2021, and the underlying amendment to the Banking Regulation Act is deemed effective from June 29, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12019&Mode=0"
  },
  {
   "question": "What is the effective date of these wire transfer KYC amendments?",
   "answer": "The amendments came into force with immediate effect from May 4, 2023, as stated in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12498&Mode=0"
  },
  {
   "question": "What is the effective date of this change?",
   "answer": "The circular was issued on January 6, 2014, and is effective from that date.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-429/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8668&Mode=0"
  },
  {
   "question": "What is the effective date of this circular?",
   "answer": "The circular is dated December 22, 2023, and the shift to CIMS portal takes effect from December 26, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12576&Mode=0"
  },
  {
   "question": "What is the effective date of this exclusion?",
   "answer": "The exclusion is effective from April 1, 2020, the same date the banks ceased banking business.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11974&Mode=0"
  },
  {
   "question": "What is the effective date of this instruction?",
   "answer": "This instruction is applicable with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12910&Mode=0"
  },
  {
   "question": "What is the effective date of this master circular?",
   "answer": "The circular consolidates instructions as of January 31, 2022, and was issued on February 10, 2022. ARCs should comply from the date of issuance.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-154/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12225&Mode=0"
  },
  {
   "question": "What is the effective date of this Master Direction?",
   "answer": "The circular is dated December 12, 2022, and the Master Direction is enclosed with it. Banks must comply from that date.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-152/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12424&Mode=0"
  },
  {
   "question": "What is the effective date of this requirement?",
   "answer": "The amendment regulations were notified on November 12, 2013, and this circular was issued on January 15, 2014, clarifying the applicability.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-447/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8693&Mode=0"
  },
  {
   "question": "What is the effective date of this scheme?",
   "answer": "The scheme came into force with immediate effect from August 29, 2024, as per the RBI notification.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12730&Mode=0"
  },
  {
   "question": "What is the effective date of this updated Master Circular?",
   "answer": "The circular is dated April 1, 2024, and consolidates guidelines issued up to that date.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-08/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12652&Mode=0"
  },
  {
   "question": "What is the effective date of withdrawal of these circulars?",
   "answer": "The circulars were withdrawn with effect from the close of business on November 16, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12201&Mode=0"
  },
  {
   "question": "What is the effective interest rate for farmers who repay on time under this scheme?",
   "answer": "Farmers repaying promptly get an additional 3% subvention, reducing the effective rate from 7% to 4% per annum for FY 2021-22.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12302&Mode=0"
  },
  {
   "question": "What is the effective interest rate for farmers who repay on time?",
   "answer": "Farmers repaying within one year get an additional 3% prompt repayment incentive, reducing the effective rate from 7% to 4% per annum.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-139/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12411&Mode=0"
  },
  {
   "question": "What is the effective period for this extension?",
   "answer": "The extension is effective from April 1, 2021, to June 30, 2021, covering three months.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-21/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12075&Mode=0"
  },
  {
   "question": "What is the effective period of this extension?",
   "answer": "The extension is effective from July 1, 2021 to September 30, 2021, covering three months.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-65/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12124&Mode=0"
  },
  {
   "question": "What is the eligibility for offering view-only banking facility?",
   "answer": "Banks must have implemented Core Banking Solution (CBS) and enabled their public-facing IT infrastructure to handle Internet Protocol Version 6 (IPv6) traffic.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-380/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13163&Mode=0"
  },
  {
   "question": "What is the eligible capital base for calculating large exposure limits?",
   "answer": "The eligible capital base is Tier I capital as defined in the Master Direction for systemically important NBFCs, including accrued profits after adjustments and external auditor certification.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12298&Mode=0"
  },
  {
   "question": "What is the eligible limit for hedging under this circular?",
   "answer": "For exporters, the eligible limit is the higher of the average of the previous three financial years' actual export turnover or the previous year's actual export turnover. For importers, it is 25% of the higher of the average of the previous three years' actual import turnover or the previous year's actual import turnover.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-540/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8807&Mode=0"
  },
  {
   "question": "What is the Emergency Credit Line Guarantee Scheme 5.0?",
   "answer": "A government-backed scheme to provide credit guarantees to small businesses and individuals.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13506&Mode=0"
  },
  {
   "question": "What is the ex-gratia payment under this scheme?",
   "answer": "It is the difference between compound interest and simple interest for the six-month period from March 1, 2020, to August 31, 2020, which lenders must credit to eligible borrowers.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11989&Mode=0"
  },
  {
   "question": "What is the exact deadline for purging CoF data?",
   "answer": "The deadline remains October 1, 2022. No extension has been granted. All entities except card issuers and networks must purge stored card data by this date.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12363&Mode=0"
  },
  {
   "question": "What is the exact definition of 'group company' under this circular?",
   "answer": "Two or more enterprises where one directly or indirectly holds 26% or more voting rights in the other, or can appoint more than 50% of the other's board of directors.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-356/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8551&Mode=0"
  },
  {
   "question": "What is the exact schedule for I-CRR release?",
   "answer": "25% of the I-CRR maintained will be released on September 9, 2023, another 25% on September 23, 2023, and the remaining 50% on October 7, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-59/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12533&Mode=0"
  },
  {
   "question": "What is the exact timeline for the CRR hike?",
   "answer": "CRR goes to 3.5% of NDTL from the reporting fortnight starting March 27, 2021, and to 4% from the fortnight beginning May 22, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12020&Mode=0"
  },
  {
   "question": "What is the exact trigger for classifying a credit card account as NPA under this circular?",
   "answer": "A credit card account becomes NPA if the minimum amount due, as shown in the statement, is not paid fully within 90 days from the next statement date. The gap between statements must not exceed one month.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-414/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8640&Mode=0"
  },
  {
   "question": "What is the exchange limit for ₹2000 notes at bank branches?",
   "answer": "Banks can exchange up to ₹20,000 worth of ₹2000 notes per transaction. For Business Correspondents, the limit is ₹4,000 per day per account holder.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12505&Mode=0"
  },
  {
   "question": "What is the exemption period for fresh FCNR(B) deposits?",
   "answer": "The exemption period is between June 8, 2026, and September 30, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13472&Mode=0"
  },
  {
   "question": "What is the extension for provisioning on security receipts?",
   "answer": "RBI has extended the five-year glide path for provisioning on specified security receipts (outstanding as of September 24, 2021) beyond FY2025-26, providing UCBs more time to meet requirements.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12785&Mode=0"
  },
  {
   "question": "What is the final CRR rate after all tranches?",
   "answer": "After four equal reductions, the CRR will stand at 3.0% of NDTL, effective from the fortnight beginning November 29, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12858&Mode=0"
  },
  {
   "question": "What is the final CRR rate after both tranches?",
   "answer": "The CRR will be 4.0% of NDTL effective from the fortnight beginning December 28, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12754&Mode=0"
  },
  {
   "question": "What is the fine range under the amended Section 13(2)?",
   "answer": "The fine shall not be less than ₹10,000 but may extend up to ₹1 lakh for each failure to comply with PMLA obligations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-421/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8659&Mode=0"
  },
  {
   "question": "What is the fiscal deficit?",
   "answer": "The fiscal deficit is the gap between a government's total expenditure and its total receipts excluding borrowings, in a financial year. It shows how much the government must borrow to meet its spending. It is usually expressed as a percentage of GDP so it can be compared across years and countries. India's gross fiscal deficit (GFD) is reported separately for the central government, for state governments, and as a Centre-plus-States combined figure.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the fit and proper criteria for major shareholders?",
   "answer": "The criteria are specified in the Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies issued by RBI.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-145/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13166&Mode=0"
  },
  {
   "question": "What is the floor rate for export credit after subvention?",
   "answer": "The floor rate is 7%. Banks cannot reduce the interest rate below 7% even after applying the 3% subvention.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-200/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8341&Mode=0"
  },
  {
   "question": "What is the formula for eligible quarterly profit under the new direction?",
   "answer": "Eligible profit up to quarter t (EP_t) equals net profit up to quarter t (NP_t) minus 0.25 times average dividend paid over the last three financial years (D).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-231/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13316&Mode=0"
  },
  {
   "question": "What is the formula for eligible quarterly profit?",
   "answer": "Eligible profit up to quarter 't' = Net profit up to quarter 't' minus 0.25 times the average dividend paid in the last three financial years. Losses in the current year must be fully deducted from Tier 1 capital.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-232/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13317&Mode=0"
  },
  {
   "question": "What is the FPI investment limit for corporate bonds for FY 2021-22?",
   "answer": "The limit remains at 15% of outstanding stock of securities. The revised numerical limits are ₹5,74,263 crore for April-September 2021 and ₹6,07,039 crore for October 2021-March 2022.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12049&Mode=0"
  },
  {
   "question": "What is the Fully Accessible Route (FAR)?",
   "answer": "FAR is a route introduced by RBI in March 2020 that allows non-resident investors to invest in specified Central Government securities without any restrictions, alongside domestic investors.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-169/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12444&Mode=0"
  },
  {
   "question": "What is the G-Sec yield curve?",
   "answer": "The G-Sec yield curve plots the yields on government securities across maturities — from short-dated Treasury bills out to 30-year and longer bonds. In India the curve is normally upward sloping: short tenors sit near the policy repo rate (about 5.25%), the 10-year benchmark is around 6.4%, and the 30-year is around 6.9%. The shape reflects expectations for growth, inflation and future policy rates.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the immediate requirement for new IT outsourcing agreements?",
   "answer": "Compliance with the provisions of these directions immediately",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-293/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13012&Mode=0"
  },
  {
   "question": "What is the impact of the amendments?",
   "answer": "The amendments update the reference for prudential norms applicable to Non-Operative Financial Holding Companies.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13382&Mode=0"
  },
  {
   "question": "What is the impact of the RBI directions on banks?",
   "answer": "Banks must now follow a time-bound resolution process and adopt a model operating procedure for participating in DRS.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-196/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13113&Mode=0"
  },
  {
   "question": "What is the impact of the UNSC's delisting of AL-NUSRAH FRONT FOR THE PEOPLE OF THE LEVANT on banks?",
   "answer": "Banks must review their customer lists and ensure they do not have any accounts associated with AL-NUSRAH FRONT FOR THE PEOPLE OF THE LEVANT, and update their customer due diligence processes accordingly.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-225/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13310&Mode=0"
  },
  {
   "question": "What is the impact of the updated sanctions list on banks?",
   "answer": "Banks must review and update their customer due diligence processes to ensure compliance with the updated sanctions list.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13460&Mode=0"
  },
  {
   "question": "What is the impact of this rate change on banks and lenders?",
   "answer": "Banks and lenders may see an increase in liquidity and a decrease in borrowing costs.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12854&Mode=0"
  },
  {
   "question": "What is the impact on existing PDI instruments?",
   "answer": "Banks must assess the impact on existing PDI instruments and adjust accordingly to ensure compliance with the revised limits.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12906&Mode=0"
  },
  {
   "question": "What is the impact on existing transactions with the old RRBs?",
   "answer": "Transactions with the old RRBs should be transitioned to the new amalgamated entities. Banks must ensure that all contracts, accounts, and regulatory filings reference the new RRB names to avoid legal or operational issues.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11985&Mode=0"
  },
  {
   "question": "What is the impact on farm credit?",
   "answer": "The explanation to paragraph 96 has been modified to include a specific definition of farm credit, which refers to credit extended to agricultural activities as listed in the Reserve Bank of India (Commercial Banks – Asset Classification, Provisioning and Income Recognition) Directions, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13383&Mode=0"
  },
  {
   "question": "What is the implication of rising raw material expenses for borrowers?",
   "answer": "Rising raw material expenses may impact borrowers' profitability and increase their debt servicing burden",
   "page": "https://bankpulse.ai/c/rbi-doc-62946/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62946"
  },
  {
   "question": "What is the import limit for Gold Dore refiners in the first two months?",
   "answer": "Refiners can import Gold Dore up to 15% of their licence quantity for each of the first two months, as per the clarification.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-493/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8745&Mode=0"
  },
  {
   "question": "What is the incentive for exchanging soiled notes?",
   "answer": "Banks receive ₹2 per packet for exchanging soiled notes in denominations of ₹50 and below, and ₹2 per piece for adjudicating mutilated notes, paid only on notes received at RBI Issue Offices.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2025-26-136/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12843&Mode=0"
  },
  {
   "question": "What is the incentive for opening a new currency chest in an underbanked area?",
   "answer": "Banks can claim reimbursement of 50% of capital expenditure (inclusive of taxes) up to ₹50 lakh per chest. In the North Eastern region, up to 100% of capital expenditure is reimbursable, subject to the same ₹50 lakh ceiling. Revenue expenditure is reimbursed at 50% for the first 3 years (5 years in North East).",
   "page": "https://bankpulse.ai/c/rbi-dcm-2024-25-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12646&Mode=0"
  },
  {
   "question": "What is the incentive for setting up a currency chest in the North Eastern region?",
   "answer": "Capital expenditure is reimbursed up to 100% subject to a ceiling of ₹50 lakh per chest. Revenue expenditure is reimbursed at 50% for the first 5 years.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12269&Mode=0"
  },
  {
   "question": "What is the Indian content requirement for exports under this LoC?",
   "answer": "At least 75% of the contract price must be supplied from India. The remaining 25% can be procured from outside India by the seller for the eligible contract.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12147&Mode=0"
  },
  {
   "question": "What is the Indian content requirement under this LOC?",
   "answer": "At least 75% of the contract price must be supplied from India; the remaining 25% can be procured from outside India.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-352/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8546&Mode=0"
  },
  {
   "question": "What is the Indian content requirement?",
   "answer": "At least 75% of the contract price must be supplied from India; the remaining 25% can be procured from outside India.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-439/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8684&Mode=0"
  },
  {
   "question": "What is the initial import limit for gold dore under this circular?",
   "answer": "Refineries can import dore up to 15% of their gross average viable quantity based on license entitlement, on a FIFO basis, for the first two months.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-423/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8661&Mode=0"
  },
  {
   "question": "What is the interest rate for SDS 1975 for CY 2013?",
   "answer": "The interest rate is 8.8% per annum from January 1 to March 31, 2013, and 8.7% per annum from April 1 to December 31, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-415/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8641&Mode=0"
  },
  {
   "question": "What is the interest subvention rate under this scheme?",
   "answer": "The scheme provides an interest relief of 2% per annum on eligible fresh or incremental term loans and working capital to MSMEs.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11976&Mode=0"
  },
  {
   "question": "What is the Internal Loss Multiplier and how does it affect capital?",
   "answer": "The Internal Loss Multiplier is a scaling factor based on a bank's average historical losses and the Business Indicator Component. It adjusts capital upward for banks with higher loss history, incentivizing better operational risk management.",
   "page": "https://bankpulse.ai/c/rbi-dor-2023-24-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12520&Mode=0"
  },
  {
   "question": "What is the key action from this circular?",
   "answer": "Banks must update their sanctions list with the 23rd UN Al-Qaida update regarding deletions and screen all new and existing accounts against it.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-305/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8483&Mode=0"
  },
  {
   "question": "What is the key benefit of STC securitisations?",
   "answer": "STC securitisations qualify for preferential regulatory capital treatment, provided they meet the criteria outlined in Chapter III.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-160/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13150&Mode=0"
  },
  {
   "question": "What is the key benefit of this change for cardholders?",
   "answer": "Cardholders can now tokenise their cards directly through their issuing bank's mobile or internet banking, in a single process for multiple merchants, instead of doing it separately on each merchant site.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12573&Mode=0"
  },
  {
   "question": "What is the key change for agricultural loans?",
   "answer": "Agricultural advances are exempt from the monthly rests requirement. Banks must continue their existing practice of charging/compounding interest linked to crop seasons.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-308/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12996&Mode=0"
  },
  {
   "question": "What is the key change for banks regarding rough diamond imports?",
   "answer": "Banks no longer need to refer to an RBI-approved list of mining companies. They can now approve advance remittances without limit or bank guarantee, using their commercial judgment and GJEPC recommendations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-548/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8815&Mode=0"
  },
  {
   "question": "What is the key change for BDDR treatment from FY 2024-25?",
   "answer": "All provisions under IRACP norms must be recognized as expenses in the P&L account, not as appropriations from net profit. BDDR can only be created from net profits after all provisions are expensed.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12716&Mode=0"
  },
  {
   "question": "What is the key change for customer grievance redressal?",
   "answer": "Banks must now have a formal compensation framework for customers harmed by incorrect credit reporting and must appoint an Internal Ombudsman to handle such complaints, in addition to the RBI Integrated Ombudsman Scheme.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-156/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13154&Mode=0"
  },
  {
   "question": "What is the key change for deposit-taking HFCs?",
   "answer": "The minimum liquid asset requirement is being raised from 13% to 15% of public deposits, aligning HFCs with NBFC norms. Safe custody rules for these assets are also being harmonised.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12719&Mode=0"
  },
  {
   "question": "What is the key change for Standalone Primary Dealers (SPDs)?",
   "answer": "SPDs are now explicitly authorized as Authorised Dealers Category-III under FEMA, and must comply with the Master Direction on Risk Management and Inter-Bank Dealings, along with their specific Master Direction from 2016.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12680&Mode=0"
  },
  {
   "question": "What is the key change from the 2019 Directions?",
   "answer": "The 2023 Directions replace the 2019 version with a holistic risk-based framework covering all benchmark administrators in financial markets regulated by RBI. It introduces updated definitions, eligibility criteria, and a clear restriction on unauthorized benchmark administration.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12581&Mode=0"
  },
  {
   "question": "What is the key change from the previous DAY-NULM circular?",
   "answer": "The updated circular incorporates all instructions issued up to March 31, 2021, replacing the July 1, 2019 version. The interest subsidy model for SEP loans remains central.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12066&Mode=0"
  },
  {
   "question": "What is the key change from the previous master circular?",
   "answer": "The main change is the updated consolidation date (up to March 31, 2022) and the inclusion of a new annex listing all circulars consolidated. The core norms remain the same.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12281&Mode=0"
  },
  {
   "question": "What is the key change in address proof requirements?",
   "answer": "Customers now need to submit only one documentary proof of address—either current or permanent—when opening a bank account or during periodic KYC updation, instead of separate proofs for both.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-634/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8931&Mode=0"
  },
  {
   "question": "What is the key change in bank liability under the new rules?",
   "answer": "The circular differentiates liability: banks are not liable for losses from natural calamities or sole customer negligence, but are liable for events like fire, theft, burglary, or employee fraud.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12146&Mode=0"
  },
  {
   "question": "What is the key change in exposure computation for UCBs?",
   "answer": "The circular clarifies that Tier-I capital as of March 31 of the preceding financial year should be used for fixing exposure limits, and credit exposure includes both funded and non-funded limits, with the higher of sanctioned limit or outstanding considered.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12600&Mode=0"
  },
  {
   "question": "What is the key change in financial statement format?",
   "answer": "LABs must now prepare their balance sheet and profit and loss account in the Forms set out in the Third Schedule of the Banking Regulation Act, 1949, as specified by the Government of India.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-241/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13066&Mode=0"
  },
  {
   "question": "What is the key change in governance requirements?",
   "answer": "Banks must now have a board-approved fraud risk management policy that clearly defines roles, responsibilities, and compliance with natural justice principles.",
   "page": "https://bankpulse.ai/c/rbi-dos-2024-25-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12703&Mode=0"
  },
  {
   "question": "What is the key change in how CME is defined?",
   "answer": "The old definition was deleted and replaced with a detailed list in new paragraph 95A, which now includes investments in non-debt mutual funds, REITs, InvITs, AIFs, and credit facilities to Capital Market Intermediaries, among others.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-212/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13296&Mode=0"
  },
  {
   "question": "What is the key change in how contraventions are classified?",
   "answer": "The 'technical' classification for FEMA contraventions has been discontinued. Previously, such cases were handled with administrative advice; now they will be regularized with a minimal compounding amount as per the compounding matrix.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11995&Mode=0"
  },
  {
   "question": "What is the key change in income recognition?",
   "answer": "The Directions mandate the adoption of the Effective Interest Rate (EIR) method for income recognition, replacing earlier methods.",
   "page": "https://bankpulse.ai/c/rbi-dor-2026-27-398/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13400&Mode=0"
  },
  {
   "question": "What is the key change in reporting reverse repo with non-banks?",
   "answer": "Transactions with original tenors up to 14 days are exempt from Form A reporting, while those over 14 days must be reported under Item VI(a) as loans/cash credits/overdrafts.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12574&Mode=0"
  },
  {
   "question": "What is the key change in reporting reverse repos with banks?",
   "answer": "Reverse repos with banks must now be split by original tenor: up to 14 days under 'Money at call and short notice' (Item III(b)), and over 14 days under 'Advances to banks' (Item III(c)).",
   "page": "https://bankpulse.ai/c/rbi-2023-24-68/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12548&Mode=0"
  },
  {
   "question": "What is the key change in settlement valuation?",
   "answer": "The NPV of the settlement amount must generally not be less than the realizable value of securities. Any significant variation from acquisition-time valuation must be documented with reasons.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12771&Mode=0"
  },
  {
   "question": "What is the key change in the 2013 IRF Directions compared to the 2009 version?",
   "answer": "The 2013 Directions introduce cash-settled Interest Rate Futures on the 10-year Government of India security, which was not explicitly covered earlier. They also consolidate and revise all existing instructions, superseding the 2009 Directions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-402/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8621&Mode=0"
  },
  {
   "question": "What is the key change in the 2025 guidelines compared to the 2016 framework?",
   "answer": "The 2025 guidelines consolidate and update the 2016 'on tap' licensing framework, providing revised instructions on promoter eligibility, capital requirements, and corporate governance. They also include a dedicated chapter on voluntary transition of small finance banks to universal banks.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-143/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13168&Mode=0"
  },
  {
   "question": "What is the key change in the definition of 'Related Party' for RCBs?",
   "answer": "The amendment expands 'Related Party' to include entities where a related person or reciprocally related person holds more than ten per cent of paid-up equity share capital, controls over 20% voting rights, or has the power to nominate a director, among other criteria.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-178/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13254&Mode=0"
  },
  {
   "question": "What is the key change in the definition of capital market exposures?",
   "answer": "The amended directions now explicitly include investments in non-debt mutual fund schemes, REITs, InvITs, AIFs, credit facilities to CMIs, acquisition finance, and financing to non-debt mutual funds as part of CME.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-255/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13347&Mode=0"
  },
  {
   "question": "What is the key change in the ECB-2 Return?",
   "answer": "A new Part-E has been added to capture details of financial hedges contracted by corporates for their foreign currency exposure related to ECB and their foreign currency earnings and expenditure.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-495/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8747&Mode=0"
  },
  {
   "question": "What is the key change in the new Compounding Rules, 2024?",
   "answer": "The new rules supersede the 2000 rules and introduce a 180-day timeline for compounding contraventions from the date of application receipt. RBI has also consolidated and updated the compounding guidelines.",
   "page": "https://bankpulse.ai/c/rbi-fed-2024-25-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12736&Mode=0"
  },
  {
   "question": "What is the key change in the new Master Direction on compounding?",
   "answer": "The Master Direction supersedes the 2022 version and aligns with the Foreign Exchange (Compounding Proceedings) Rules, 2024. It mandates that compounding must be completed within 180 days from the date of application receipt.",
   "page": "https://bankpulse.ai/c/rbi-fed-2025-26-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12839&Mode=0"
  },
  {
   "question": "What is the key change in the PEP definition?",
   "answer": "The definition has been moved from Section 3 to Section 41 of the KYC Master Direction, with a detailed explanation clarifying that PEPs are individuals entrusted with prominent public functions by a foreign country.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12593&Mode=0"
  },
  {
   "question": "What is the key change in the revised FSWM criteria?",
   "answer": "UCBs can now self-classify as FSWM based on revised criteria, including CRAR at least 1% above minimum, net NPA ≤3%, and profitability in 3 of last 4 years with no net loss in the immediate preceding year. The board must pass a resolution and inform RBI within 15 calendar days.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-143/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12415&Mode=0"
  },
  {
   "question": "What is the key change in the revised guidelines?",
   "answer": "The guidelines have been updated to account for new series banknotes, with revised fitness sorting parameters such as soiling, limpness, and tears. Banks must implement these changes immediately.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12347&Mode=0"
  },
  {
   "question": "What is the key change in the role of the Internal Ombudsman under this new direction?",
   "answer": "The new framework explicitly mandates that the Internal Ombudsman be positioned as an independent, apex-level authority on consumer grievance redress within the regulated entity, strengthening the internal grievance redress system.",
   "page": "https://bankpulse.ai/c/rbi-cepd-2023-24-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12586&Mode=0"
  },
  {
   "question": "What is the key change in this amendment?",
   "answer": "The amendment replaces the reference to the March 14, 2019 UAPA order with the revised February 2, 2021 order from MHA, and adds that the list of nodal officers for UAPA is available on MHA's website.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12042&Mode=0"
  },
  {
   "question": "What is the key change in this circular?",
   "answer": "RBI now accepts UIDAI's e-KYC service (biometric authentication) as an Officially Valid Document for KYC under PMLA rules, alongside physical Aadhaar letters.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-337/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8526&Mode=0"
  },
  {
   "question": "What is the key change in this master circular compared to the previous one?",
   "answer": "This circular consolidates all existing DAY-NRLM instructions into a single updated document, replacing the July 2022 master circular. No new substantive policy changes are introduced; it is a consolidation exercise.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12493&Mode=0"
  },
  {
   "question": "What is the key change in this Master Circular for UCBs?",
   "answer": "It consolidates all prior housing finance instructions into one circular, giving UCBs more flexibility to set loan amounts and margins based on board-approved policies and borrower repaying capacity.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-15/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12488&Mode=0"
  },
  {
   "question": "What is the key change in this notification?",
   "answer": "RBI has replaced 'Pension Fund' with 'Central Recordkeeping Agency' as the Financial Information Provider in the Account Aggregator ecosystem, as per notification dated October 26, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12557&Mode=0"
  },
  {
   "question": "What is the key change in this RBI notification?",
   "answer": "Banks can now use any widely accepted Alternative Reference Rate instead of LIBOR for Pre-shipment Credit in Foreign Currency (PCFC). This is due to LIBOR's impending discontinuance.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12139&Mode=0"
  },
  {
   "question": "What is the key change in Tier 2 capital eligibility?",
   "answer": "General provisions on standard assets (Stage 1 or Stage 2) and excess provisions from NPA sales qualify for Tier 2 capital, but only up to 1.25% of total credit risk-weighted assets under the standardised approach.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13387&Mode=0"
  },
  {
   "question": "What is the key change regarding CDD for existing customers?",
   "answer": "CDD now applies at the UCIC level. If an existing KYC-compliant customer wants to open another account or avail any other product or service from the same RE, no fresh CDD exercise is needed for identification purposes.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12746&Mode=0"
  },
  {
   "question": "What is the key change regarding director appointments?",
   "answer": "Banks must now conduct a formal due diligence process for all directors, using a prescribed declaration format (Annex I), scrutinized by the Nomination and Remuneration Committee.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-225/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13082&Mode=0"
  },
  {
   "question": "What is the key change regarding Held for Trading (HFT)?",
   "answer": "The revised framework removes the earlier 90-day ceiling on the holding period under HFT and introduces a clearly identifiable trading book.",
   "page": "https://bankpulse.ai/c/rbi-dor-2023-24-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12534&Mode=0"
  },
  {
   "question": "What is the key change regarding related party lending?",
   "answer": "The directions now define 'lending' to related parties as extending funded or non-fund-based credit facilities, and introduce specific definitions for 'contract or arrangement' and 'control' from the Companies Act, 2013.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-305/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12999&Mode=0"
  },
  {
   "question": "What is the key compliance requirement for such investments?",
   "answer": "The Indian party must comply with Regulation 7 of FEMA 120/2004-RB, which governs investments in financial services sector entities.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12092&Mode=0"
  },
  {
   "question": "What is the key condition for co-branded prepaid instruments?",
   "answer": "The issuer's name must be prominently visible on the payment instrument, as per the revised guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-590/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8876&Mode=0"
  },
  {
   "question": "What is the key condition for issuing a bank guarantee under this circular?",
   "answer": "The guarantee must be covered by a counter-guarantee from a bank of international repute, and the transaction must comply with SEBI (SAST) Regulations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-230/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8381&Mode=0"
  },
  {
   "question": "What is the key condition for selling assets?",
   "answer": "The sale must be on a 'without recourse' basis, meaning the asset is fully removed from your books with no future liability devolving on your bank.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-543/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8810&Mode=0"
  },
  {
   "question": "What is the key deadline for banks to qualify for this extended swap facility?",
   "answer": "Banks must receive a firm loan commitment from an international/multilateral financial institution on or before November 30, 2013. The swap contract must also be entered into by that date.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-377/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8585&Mode=0"
  },
  {
   "question": "What is the key deadline for NSM compliance?",
   "answer": "From May 1, 2025, banks must deploy only NSM models that conform to BIS standard IS 18663:2024 and are duly certified by BIS.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12745&Mode=0"
  },
  {
   "question": "What is the key difference between a compromise settlement and a technical write-off under this framework?",
   "answer": "A compromise settlement involves a negotiated cash settlement with the borrower, including a waiver of claims and some sacrifice by the lender. A technical write-off is an accounting entry where the loan remains outstanding at the borrower's account level, with no waiver of recovery rights.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12513&Mode=0"
  },
  {
   "question": "What is the key difference between penal interest and penal charges under the new rules?",
   "answer": "Penal interest was added to the loan's interest rate and compounded, effectively increasing the cost of borrowing. Penal charges are a one-time flat fee for non-compliance, which cannot be capitalized or compounded. This prevents penalties from becoming a revenue tool.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-53/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12527&Mode=0"
  },
  {
   "question": "What is the key difference between the earlier EDP audit and the new IS audit requirement?",
   "answer": "The earlier 2002 circular advised UCBs to introduce EDP audit on a perpetual basis. The new circular specifically mandates an IS audit policy, annual audits for critical branches, and board oversight, reflecting the increased technology risks from CBS and digital banking.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-638/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8937&Mode=0"
  },
  {
   "question": "What is the key difference between the old Aadhaar letter and the new e-KYC service?",
   "answer": "The old Aadhaar letter was a physical document accepted as proof of identity and address. The new e-KYC service is an electronic process where UIDAI sends demographic data and photo directly to the bank after biometric authentication, making it paperless and reducing forgery risk.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-242/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8397&Mode=0"
  },
  {
   "question": "What is the key difference between the old GCC Scheme and the new GCC Facility?",
   "answer": "The old scheme allowed debit cards, but the new facility mandates GCCs be issued only as credit cards conforming to the 2022 Master Direction. The name has also changed from 'Scheme' to 'Facility'.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-19/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12492&Mode=0"
  },
  {
   "question": "What is the key eligibility for an SFB to get AD Category-I license?",
   "answer": "The SFB must be scheduled, have completed at least two years as AD Category-II, net worth of ₹500 crore, CRAR not less than 15%, net NPAs ≤6% for four quarters, profit in preceding two years, and no CRR/SLR defaults.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12373&Mode=0"
  },
  {
   "question": "What is the key focus of Chapter VI on LEI?",
   "answer": "Chapter VI mandates Legal Entity Identifier (LEI) for borrowers, requiring UCBs to obtain LEI for eligible borrowers to enhance transparency in credit exposures.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-280/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13025&Mode=0"
  },
  {
   "question": "What is the key NPA classification rule under this master circular?",
   "answer": "A loan or advance becomes NPA if interest or principal remains overdue for more than 90 days for term loans, or if an overdraft/cash credit account remains 'out of order'.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12283&Mode=0"
  },
  {
   "question": "What is the key principle for income recognition under this circular?",
   "answer": "Income recognition must be objective and based on the record of recovery, not subjective considerations. Banks should reverse income on accounts that become NPAs and follow the prescribed norms for partial recoveries.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12185&Mode=0"
  },
  {
   "question": "What is the key prudential requirement for capital?",
   "answer": "Banks must comply with the more stringent of home or host regulator capital requirements for exposures from PCM activities, including default fund contributions and client exposures.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12330&Mode=0"
  },
  {
   "question": "What is the key requirement for AD banks before starting INR trade settlement?",
   "answer": "AD banks must obtain prior approval from RBI's Foreign Exchange Department, Central Office, Mumbai before putting in place the INR settlement mechanism for international trade.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12358&Mode=0"
  },
  {
   "question": "What is the key requirement of the BSBDA circular?",
   "answer": "Banks must offer a Basic Savings Bank Deposit Account with minimum common facilities, no minimum balance requirement, and no charges for services.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-264/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8431&Mode=0"
  },
  {
   "question": "What is the key requirement regarding loan disbursement?",
   "answer": "Loan disbursements must be made directly to the borrower's bank account. No pass-through accounts or third-party intermediaries are allowed.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12382&Mode=0"
  },
  {
   "question": "What is the key responsibility for Receiving Offices under the new guidelines?",
   "answer": "ROs must identify and share nodal officer details with RBI, follow updated procedures for bond issuance and servicing, and ensure compliance with audit and reporting requirements.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13365&Mode=0"
  },
  {
   "question": "What is the LAF corridor?",
   "answer": "The LAF corridor is the band around the policy repo rate within which the overnight money-market rate moves. The Standing Deposit Facility (SDF) at about 5.0% is the floor, the policy repo rate at about 5.25% is the centre, and the Marginal Standing Facility (MSF) at about 5.5% is the ceiling. The corridor is normally 50 basis points wide, with the SDF 25 bps below repo and the MSF 25 bps above.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the largest component of India's money supply?",
   "answer": "Time (fixed) deposits with banks are by far the largest component of M3, at roughly 77% of broad money. Currency with the public is about 12% and demand deposits about 11%.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the Late Submission Fee (LSF) and how is it calculated?",
   "answer": "The LSF is introduced for reporting delays under the new regime. The circular does not specify the fee amount or calculation method; banks should refer to the detailed instructions in Annex-I and updated reporting forms.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12381&Mode=0"
  },
  {
   "question": "What is the LCR phase-in schedule?",
   "answer": "The LCR minimum requirement starts at 60% from January 1, 2015 and increases to 100% by January 1, 2019.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-635/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8934&Mode=0"
  },
  {
   "question": "What is the Lead Bank Scheme?",
   "answer": "Introduced in December 1969, it coordinates banks and development agencies to enhance priority sector credit and rural development. Each district has a lead bank responsible for planning and monitoring credit flow.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12064&Mode=0"
  },
  {
   "question": "What is the legal basis for these directions?",
   "answer": "RBI issued them under the Banking Regulation Act, 1949, Payment and Settlement Systems Act, 2007, FEMA, 1999, and the PML Rules, 2005.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-218/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13090&Mode=0"
  },
  {
   "question": "What is the legal basis for this action?",
   "answer": "Section 51A of the Unlawful Activities (Prevention) Act, 1967, read with RBI's KYC Master Directions (Feb 25, 2016, as amended), requires all regulated entities to freeze assets and deny services to individuals/entities on the UNSC sanctions list.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-167/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12442&Mode=0"
  },
  {
   "question": "What is the legal basis for this circular?",
   "answer": "The circular is issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999, and does not override any other permissions or approvals required under law.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-333/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8521&Mode=0"
  },
  {
   "question": "What is the legal basis for this compliance requirement?",
   "answer": "Section 12A of the Weapons of Mass Destruction and their Delivery Systems (Prohibition of Unlawful Activities) Act, 2005, and the Master Direction on KYC dated February 25, 2016 (as amended).",
   "page": "https://bankpulse.ai/c/rbi-2023-24-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12522&Mode=0"
  },
  {
   "question": "What is the legal basis for this compliance?",
   "answer": "The 'Implementation of Security Council Resolution on Democratic People’s Republic of Korea Order, 2017' as amended by the Central Government, and RBI circulars on the same.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12390&Mode=0"
  },
  {
   "question": "What is the legal basis for this Direction?",
   "answer": "The Direction is issued under Section 35A of the Banking Regulation Act, 1949, which empowers RBI to issue directions in the public interest.",
   "page": "https://bankpulse.ai/c/rbi-dor-2024-25-129/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12800&Mode=0"
  },
  {
   "question": "What is the legal basis for this Master Direction?",
   "answer": "It is issued under Sections 21 and 35A of the Banking Regulation Act, 1949; Chapter IIIB of the RBI Act, 1934; and Sections 30A, 32, and 33 of the National Housing Bank Act, 1987.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12165&Mode=0"
  },
  {
   "question": "What is the legal basis for this notification?",
   "answer": "It stems from Section 35(1)(a) of the Unlawful Activities (Prevention) Act, 1967, and the RBI's Master Direction on KYC dated February 25, 2016 (as amended), which requires strict adherence to the UAPA Order of February 2, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-134/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12406&Mode=0"
  },
  {
   "question": "What is the legal basis for this requirement?",
   "answer": "The 'Implementation of Security Council Resolution on Democratic People's Republic of Korea Order, 2017', as amended by the Central Government, mandates compliance with UNSCR 1718 sanctions.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12359&Mode=0"
  },
  {
   "question": "What is the legal basis for this update?",
   "answer": "Section 51A of the Unlawful Activities (Prevention) Act, 1967, read with RBI's Master Direction on KYC, requires regulated entities to ensure no accounts are held for individuals/entities on the UNSC sanctions list.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12597&Mode=0"
  },
  {
   "question": "What is the leverage limit for CICs raising ECB?",
   "answer": "CICs must ensure their outside liabilities including ECB do not exceed 2.5 times their adjusted net worth as per the last audited balance sheet.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-397/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8616&Mode=0"
  },
  {
   "question": "What is the Liberalised Remittance Scheme (LRS) limit?",
   "answer": "The Liberalised Remittance Scheme (LRS) is the Reserve Bank’s facility, operated under the Foreign Exchange Management Act (FEMA) through the Foreign Exchange Department, that lets a resident individual send money abroad for permitted purposes without seeking prior RBI approval. The headline limit is USD 250,000 per person per financial year (April–March), and it can be used for a broad set of current- and capital-account purposes — overseas travel, education and medical treatment, gifts and maintenance of relatives, and investment in foreign shares, debt or property — with the remittance routed through an Authorised Dealer (AD) bank that verifies eligibility. The scheme is available only to resident individuals, including minors, and not to corporates, partnership firms or trusts; some end-uses remain prohibited or need separate approval, and tax-collected-at-source (TCS) may apply under separate income-tax rules. The RBI revises the limit and conditions from time to time, and the exact, current terms are set out in the FEMA Master Direction on LRS linked on this page. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the limit for co-operative banks under the new directions?",
   "answer": "Co-operative banks are allowed to borrow up to 2% of their aggregate deposits as at the end of the previous financial year in Call, Notice, and Term Money Markets.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12120&Mode=0"
  },
  {
   "question": "What is the limit on holding shares in other co-operative societies?",
   "answer": "Total investments in shares of other co-op societies (excluding exempt categories like shares in central/state co-op banks) must not exceed 2% of the bank's owned funds. Additionally, investment in any single society is capped at 5% of that society's subscribed capital.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12164&Mode=0"
  },
  {
   "question": "What is the limit on unsecured guarantees for a UCB?",
   "answer": "Unsecured guarantees outstanding at any time must not exceed 25% of the bank's owned funds (paid-up capital + reserves) or 25% of total guarantees, whichever is less.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-05/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12469&Mode=0"
  },
  {
   "question": "What is the Liquidity Adjustment Facility (LAF) and the policy rate corridor?",
   "answer": "The Liquidity Adjustment Facility (LAF) is the Reserve Bank's main day-to-day tool for managing surplus or shortage of cash in the banking system, operated through repo and reverse-repo style operations against government securities. Around the benchmark repo rate the RBI runs a 'corridor': the Marginal Standing Facility (MSF) sits a set margin above the repo rate as the ceiling at which banks can borrow extra overnight funds, while the Standing Deposit Facility (SDF) sits a set margin below the repo rate as the floor at which banks can park surplus funds with the RBI without needing collateral. The SDF replaced the fixed reverse-repo rate as the effective floor of the corridor in April 2022. By moving the repo rate and the width of this corridor, the Monetary Policy Committee steers overnight money-market rates towards the policy rate. The instruments and market operations themselves are governed under Financial Markets Regulation, and the governing circulars are linked on this page. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the Liquidity Adjustment Facility (LAF)?",
   "answer": "The Liquidity Adjustment Facility (LAF) is the RBI's main toolkit for managing day-to-day liquidity in the banking system. Through it, banks can borrow cash from the RBI against government securities (a repo, which injects liquidity) or park surplus cash with the RBI (reverse repo / the Standing Deposit Facility, which absorbs liquidity). The LAF keeps the overnight money-market rate close to the policy repo rate.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the Liquidity Coverage Ratio (LCR)?",
   "answer": "LCR is a measure of a bank's ability to meet its short-term liquidity needs. It requires banks to hold a minimum amount of high-quality liquid assets (HQLA) to cover 100% of their total net cash outflows over a 30-day stress period.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-163/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13147&Mode=0"
  },
  {
   "question": "What is the loan tenure requirement for PSL classification under this circular?",
   "answer": "The loan must be for a period not exceeding 12 months, as per the existing Master Direction on Priority Sector Lending.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-14/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12068&Mode=0"
  },
  {
   "question": "What is the loan-to-value (LTV) limit on gold loans in India?",
   "answer": "The RBI caps gold loans at a loan-to-value (LTV) ratio of 75%, meaning a lender can advance at most 75% of the assessed value of the pledged gold. The LTV is measured against the value of the gold content, and lenders must maintain it over the life of the loan. The ceiling protects both the borrower and the lender against a fall in gold prices and is a core part of the RBI's regulatory framework for lending against gold collateral.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the LSF for a delayed FC-GPR return involving ₹10 crore with a 2-year delay?",
   "answer": "The fee is ₹7,500 (fixed) plus 0.025% of ₹10 crore per year of delay. 0.025% of ₹10 crore is ₹25,000 per year, so for 2 years it's ₹50,000. Total LSF = ₹7,500 + ₹50,000 = ₹57,500, capped at 100% of ₹10 crore (₹10 crore), so ₹57,500 is payable.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-122/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12393&Mode=0"
  },
  {
   "question": "What is the main change from current rules?",
   "answer": "These directions implement the Basel III final reforms for credit risk under the Standardised Approach, introducing new risk weights, due diligence norms, and credit risk mitigation rules for banking book exposures.",
   "page": "https://bankpulse.ai/c/rbi-dor-2026-27-397/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13399&Mode=0"
  },
  {
   "question": "What is the main change introduced by this circular?",
   "answer": "RBI advises banks to explore using Cash-in-Transit (CIT) entities for distributing banknotes and coins, in addition to Business Correspondents, to improve last-mile connectivity.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-322/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8505&Mode=0"
  },
  {
   "question": "What is the main change introduced?",
   "answer": "Loan classification must now follow the 2026 Asset Classification, Provisioning and Income Recognition Directions.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13392&Mode=0"
  },
  {
   "question": "What is the main purpose of RBI's Regulatory Sandbox?",
   "answer": "To foster responsible innovation by allowing live testing of new financial products or services in a controlled environment with regulatory relaxations, helping manage risks and gather evidence for better regulations.",
   "page": "https://bankpulse.ai/c/rbi-fd-2023-24-1/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13375&Mode=0"
  },
  {
   "question": "What is the main purpose of these guidelines?",
   "answer": "To enable banks to share IT resources for cost optimization while ensuring security, data integrity, and confidentiality, as announced in the Monetary Policy Statement 2013-14.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-327/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8515&Mode=0"
  },
  {
   "question": "What is the main purpose of this RBI circular?",
   "answer": "The circular aims to improve customer service in RRBs by issuing additional guidelines that align with standards for Scheduled Commercial Banks, addressing service quality pressures from rising customer expectations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-589/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8875&Mode=0"
  },
  {
   "question": "What is the main requirement of this circular?",
   "answer": "Cooperative banks must strictly follow the simplified procedure for settling deceased depositor claims and make claim forms available on their websites.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-248/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8403&Mode=0"
  },
  {
   "question": "What is the maximum advance payment period allowed for silver imports under this circular?",
   "answer": "The advance payment period is eleven days, same as for gold imports under the earlier circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-2024-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12565&Mode=0"
  },
  {
   "question": "What is the maximum advance remittance period allowed for QJs importing gold through IIBX?",
   "answer": "AD banks can allow advance remittance for up to 11 days for import of gold through IIBX, as per the terms of the sale contract or irrevocable purchase order under IFSCA regulations.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12324&Mode=0"
  },
  {
   "question": "What is the maximum allowed interval for nostro account reconciliation?",
   "answer": "The reconciliation interval should normally not exceed one hour, moving away from reliance on end-of-day statements to expedite fund crediting.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-08/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13367&Mode=0"
  },
  {
   "question": "What is the maximum amount a bank can borrow in these special term repo auctions?",
   "answer": "The total notified amount for each auction is up to 0.25% of the net demand and time liabilities (NDTL) of the entire banking system, not per bank. Individual bank participation will depend on the auction mechanism.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-627/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8921&Mode=0"
  },
  {
   "question": "What is the maximum amount a co-operative bank can invest in the SSE?",
   "answer": "The investment is capped at 5% of the bank's owned funds, which includes paid-up share capital and reserves.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12899&Mode=0"
  },
  {
   "question": "What is the maximum CRR exemption per borrower under this circular?",
   "answer": "The exemption is limited to credit disbursed up to ₹25 lakh per new MSME borrower.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12084&Mode=0"
  },
  {
   "question": "What is the maximum dividend a LAB can pay under the new norms?",
   "answer": "The dividend cannot exceed the percentage of adjusted PAT specified in the CRAR-based table, and in any case cannot exceed 80% of the PAT for the financial year for which dividend is proposed.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-389/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13324&Mode=0"
  },
  {
   "question": "What is the maximum dividend a Payments Bank can declare under the new norms?",
   "answer": "The dividend cannot exceed 75% of the PAT for the period, and is further capped at a percentage of adjusted PAT based on the bank's Tier 1 capital ratio as per Table 1 in the directions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-388/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13321&Mode=0"
  },
  {
   "question": "What is the maximum dividend limit allowed?",
   "answer": "The maximum dividend limit is 80% of the PAT for the period, as per Table 1 in the Directions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-390/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13327&Mode=0"
  },
  {
   "question": "What is the maximum dividend payout ratio for most NBFCs?",
   "answer": "For NBFCs other than those without public funds/customer interface, CICs, and SPDs, the maximum payout ratio is 50% of net profit.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-59/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12118&Mode=0"
  },
  {
   "question": "What is the maximum DLG cover allowed?",
   "answer": "The total DLG cover on any outstanding portfolio shall not exceed 5% of the amount of that loan portfolio.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12514&Mode=0"
  },
  {
   "question": "What is the maximum limit for these semi-closed prepaid instruments?",
   "answer": "The limit is ₹10,000 per instrument, and it can only be used for utility bill/ essential services at contracted merchant locations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-607/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8900&Mode=0"
  },
  {
   "question": "What is the maximum limit for third party import payments?",
   "answer": "The limit is USD 100,000 per transaction, subject to revision by RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-364/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8559&Mode=0"
  },
  {
   "question": "What is the maximum loan amount eligible for interest subvention under this scheme?",
   "answer": "Short-term crop loans up to Rs.3,00,000 per farmer are eligible for the 2% interest subvention, provided banks lend at 7% p.a.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-398/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8617&Mode=0"
  },
  {
   "question": "What is the maximum loan amount eligible for the CRR exemption per borrower?",
   "answer": "The exemption is available only up to ₹25 lakh per borrower.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12022&Mode=0"
  },
  {
   "question": "What is the maximum loan limit for SHGs?",
   "answer": "For SHGs, loans can range from 1:1 to 1:4 of savings. For matured SHGs, banks can sanction loans beyond four times savings at their discretion.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-03/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12470&Mode=0"
  },
  {
   "question": "What is the maximum loan-to-savings ratio for SHGs?",
   "answer": "For matured SHGs, loans can be given beyond the limit of four times savings at the bank's discretion. For others, the ratio varies from 1:1 to 1:4 as per NABARD guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12063&Mode=0"
  },
  {
   "question": "What is the maximum loan-to-value (LTV) on a gold loan?",
   "answer": "The regulatory LTV ceiling is 75% — the sanctioned amount must not exceed 75% of the value of the pledged gold’s content, monitored on an ongoing basis. For bullet-repayment loans the 75% test is applied to the maturity value (principal plus accrued interest), so the disbursed principal is set lower to stay within the cap. The exact computation is in the RBI circular linked in the cluster below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the maximum maturity allowed for a bank guarantee under this circular?",
   "answer": "Bank guarantees should normally not have a maturity exceeding 10 years, as per the existing guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12820&Mode=0"
  },
  {
   "question": "What is the maximum maturity allowed for a bank guarantee?",
   "answer": "Bank guarantees should normally not exceed 10 years, though longer maturities may be considered for project loans exceeding 10 years, subject to board-approved policy.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-03/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12644&Mode=0"
  },
  {
   "question": "What is the maximum maturity allowed for guarantees issued by UCBs?",
   "answer": "Guarantees should not be issued for periods exceeding ten years. UCBs are advised to confine guarantees to relatively short-term maturities.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12187&Mode=0"
  },
  {
   "question": "What is the maximum maturity for a bank guarantee under this circular?",
   "answer": "The circular states that no bank guarantee should normally exceed 10 years. However, banks can issue guarantees beyond 10 years for long-term project loans, provided they assess the impact on asset-liability management.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-121/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12189&Mode=0"
  },
  {
   "question": "What is the maximum NNPA ratio allowed for an RCB to declare dividends?",
   "answer": "The NNPA ratio must be equal to or below 5% for the financial year for which dividend is proposed.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-315/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12989&Mode=0"
  },
  {
   "question": "What is the maximum NNPA ratio allowed for Payments Banks to declare dividends?",
   "answer": "Less than 7% for the financial year for which dividend is proposed",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-217/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13091&Mode=0"
  },
  {
   "question": "What is the maximum number of branches a FSWM UCB can open under general permission?",
   "answer": "Up to 10% of the number of full-fledged branches at the end of the previous financial year, subject to a maximum of five branches per financial year. If the bank has less than 10 branches, it can open at least one branch.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12512&Mode=0"
  },
  {
   "question": "What is the maximum penalty under the revised framework?",
   "answer": "Under Section 30 of the PSS Act, the RBI can impose a penalty up to ₹10 lakh or twice the amount involved in the contravention, whichever is higher, for defaults under Section 26(2), (3), and (6).",
   "page": "https://bankpulse.ai/c/rbi-2024-25-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12773&Mode=0"
  },
  {
   "question": "What is the maximum period allowed for completing a merchanting trade transaction?",
   "answer": "The entire merchanting trade must be completed within nine months from the commencement date, which is the earlier of shipment/export leg receipt or import leg payment.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-452/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8698&Mode=0"
  },
  {
   "question": "What is the maximum period allowed to complete a merchanting trade transaction?",
   "answer": "The entire merchanting trade transaction must be completed within an overall period of nine months, with no outlay of foreign exchange beyond four months.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-545/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8812&Mode=0"
  },
  {
   "question": "What is the maximum period for parking ECB proceeds under this relaxation?",
   "answer": "Unutilised ECB proceeds drawn down on or before March 1, 2020, can be parked in term deposits until March 1, 2022, as a one-time measure.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12070&Mode=0"
  },
  {
   "question": "What is the maximum quantity an STH/PTH can import in the first lot under the 20:80 scheme?",
   "answer": "The first lot is based on the highest monthly import in any of the 24 months before August 14, 2013, but capped at 2,000 kg.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-600/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8893&Mode=0"
  },
  {
   "question": "What is the maximum tenor allowed for long-term export advances under this circular?",
   "answer": "The maximum tenor is 10 years, but the exporter must have a minimum three-year satisfactory track record and the advance must be used for executing long-term supply contracts.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-597/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8890&Mode=0"
  },
  {
   "question": "What is the maximum tenor for deposits under this facility?",
   "answer": "Deposits must have a minimum tenor of three years and a maximum tenor of five years. The swap tenor aligns with the deposit tenor.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13468&Mode=0"
  },
  {
   "question": "What is the maximum tenure for a director on a UCB board under the new rules?",
   "answer": "A director who completes a continuous tenure of ten years in office shall be eligible for re-election only after a minimum cooling-off period of three years, during which they cannot be associated with the UCB except as a member or customer.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-273/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13032&Mode=0"
  },
  {
   "question": "What is the maximum tenure for a guarantee issued by a UCB?",
   "answer": "Guarantees should be short-term and in no case exceed 10 years from the date of issuance.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12272&Mode=0"
  },
  {
   "question": "What is the maximum tenure for Bridge Finance under the new directions?",
   "answer": "Bridge Finance is defined as financing for an interim period not exceeding one year, where the borrower has a firm plan to repay through equity, debt, or asset divestiture.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-211/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13297&Mode=0"
  },
  {
   "question": "What is the maximum tenure for guarantees issued by UCBs under this circular?",
   "answer": "Guarantees should generally be short-term and must not exceed 10 years in any case, as per the existing guidelines reiterated in this master circular.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-11/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12819&Mode=0"
  },
  {
   "question": "What is the maximum tenure for guarantees issued by UCBs?",
   "answer": "Guarantees should be short-term and not exceed ten years in any case.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12647&Mode=0"
  },
  {
   "question": "What is the maximum transaction limit for offline digital payments under this framework?",
   "answer": "The upper limit per offline payment transaction is ₹500, with a total limit of ₹2,000 on a payment instrument at any point in time. For UPI Lite, the limits are enhanced to ₹1,000 per transaction and ₹5,000 total.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-146/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12215&Mode=0"
  },
  {
   "question": "What is the maximum unsecured loan amount per account under this exemption?",
   "answer": "The exemption applies only to loans where the individual amount sanctioned does not exceed ₹10,000.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-321/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8504&Mode=0"
  },
  {
   "question": "What is the merchandise trade balance?",
   "answer": "The merchandise trade balance is the difference between a country's exports and imports of physical goods over a period. When imports of goods exceed exports - as is the case for India - the country runs a merchandise (goods) trade deficit. India's goods trade deficit is recently of the order of $240 billion a year, with exports near $440 billion and imports near $680 billion.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the minimum amount for RTGS?",
   "answer": "RTGS is meant for large-value payments, with a minimum of Rs 2 lakh per transaction and no upper limit. For amounts below Rs 2 lakh, NEFT, IMPS or UPI are used instead.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the minimum bid amount for retail investors under this scheme?",
   "answer": "The minimum bid amount is ₹10,000 face value, and bids must be in multiples of ₹10,000 thereafter.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12193&Mode=0"
  },
  {
   "question": "What is the minimum bid amount for term repo auctions?",
   "answer": "The minimum bid amount is Rs 1 crore, and allotments are in multiples of Rs 1 crore.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-319/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8501&Mode=0"
  },
  {
   "question": "What is the minimum bid amount for these securities?",
   "answer": "The minimum bid amount is ₹10,000 (nominal), and bids must be in multiples of ₹10,000 thereafter.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-578/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8865&Mode=0"
  },
  {
   "question": "What is the minimum board approval required for a UCB amalgamation?",
   "answer": "The decision must be approved by a two-thirds majority of the total number of board members of both the amalgamating and amalgamated UCBs, not just those present and voting.",
   "page": "https://bankpulse.ai/c/rbi-dor-2020-21-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12043&Mode=0"
  },
  {
   "question": "What is the minimum capital requirement for RCBs?",
   "answer": "Under Section 11 of the BR Act, 1949, no co-operative bank can carry on banking unless its paid-up capital and reserves aggregate at least ₹1 lakh in real value. Scheduled state co-op banks need at least ₹5 lakh under the RBI Act.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-300/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13004&Mode=0"
  },
  {
   "question": "What is the minimum CRAR for UCBs under this circular?",
   "answer": "UCBs must maintain a minimum Capital to Risk Weighted Assets Ratio (CRAR) of 9% on an ongoing basis, as per Basel-I framework.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12279&Mode=0"
  },
  {
   "question": "What is the minimum CRAR required for an SFB to declare dividends?",
   "answer": "The bank must have a CRAR of at least 9% for the two preceding completed financial years and the financial year for which dividend is proposed. If it fails the two-year test but has 9% CRAR in the current year, it may still be eligible under a fallback provision.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-199/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13110&Mode=0"
  },
  {
   "question": "What is the minimum CRAR required for FSWM classification under the new norms?",
   "answer": "UCBs must maintain a minimum CRAR of 10% on a continuous basis to be classified as FSWM.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-308/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8486&Mode=0"
  },
  {
   "question": "What is the minimum CRAR required for Payments Banks to declare dividends?",
   "answer": "At least 9% for the preceding two completed financial years and the financial year for which dividend is proposed",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-217/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13091&Mode=0"
  },
  {
   "question": "What is the minimum CRAR requirement for a UCB to be eligible under these new norms?",
   "answer": "The UCB must have a CRAR at least 3% higher than the minimum CRAR requirement applicable to it, based on the latest RBI inspection or audited financials.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12601&Mode=0"
  },
  {
   "question": "What is the Minimum Holding Period (MHP) exemption for factoring receivables?",
   "answer": "RBI exempts transfer of factoring receivables from MHP if residual maturity at transfer is ≤90 days and the transferee conducts credit appraisal of the drawee. This applies to eligible transferors under the MD-TLE.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12582&Mode=0"
  },
  {
   "question": "What is the minimum India content required under this LoC?",
   "answer": "At least 75% of the contract price must be supplied from India. Exim Bank may reduce this by up to 10% with Government of India approval on a case-by-case basis.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12170&Mode=0"
  },
  {
   "question": "What is the minimum Indian content required for exports under this LoC?",
   "answer": "At least 75% of the contract price must be for goods, works, and services supplied from India. The remaining 25% can be procured from outside India.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12026&Mode=0"
  },
  {
   "question": "What is the minimum Indian content required under this LOC?",
   "answer": "At least 75% of the contract price must be supplied from India; the remaining 25% can be procured from outside India.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-445/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8690&Mode=0"
  },
  {
   "question": "What is the minimum Indian content requirement for exports under this LOC?",
   "answer": "At least 75% of the contract price must be for goods and services supplied from India.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-189/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8314&Mode=0"
  },
  {
   "question": "What is the minimum Indian content requirement for this LoC?",
   "answer": "At least 65% of the contract price must be supplied by the seller from India; the remaining 35% can be procured from outside India.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12385&Mode=0"
  },
  {
   "question": "What is the minimum Indian content requirement under this LOC?",
   "answer": "At least 65% of goods and services (by value) must be sourced from India; for consultancy services, the requirement is up to 75% of the contract price.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-354/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8547&Mode=0"
  },
  {
   "question": "What is the minimum IT requirement to offer view-only digital banking?",
   "answer": "The bank must have implemented Core Banking Solution (CBS) and enabled its public-facing IT infrastructure to handle Internet Protocol Version 6 (IPv6) traffic.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-383/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13083&Mode=0"
  },
  {
   "question": "What is the minimum leave duration required under this circular?",
   "answer": "The mandatory leave must be for at least 10 working days in a single spell every year.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12129&Mode=0"
  },
  {
   "question": "What is the minimum lock-in period for FDI instruments with optionality clauses?",
   "answer": "The minimum lock-in period is one year from the date of allotment, or a higher period as prescribed under FDI regulations for specific sectors (e.g., three years for defence and construction development).",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-436/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8682&Mode=0"
  },
  {
   "question": "What is the minimum maturity and repayment condition for such ECBs?",
   "answer": "The minimum average maturity is 7 years. Repayment of principal can start only after completion of this minimum average maturity period, and no prepayment is allowed before maturity.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-221/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8370&Mode=0"
  },
  {
   "question": "What is the minimum net worth required for a UCB to offer online trading?",
   "answer": "The UCB must have an assessed net worth of not less than Rs 500 crore as per the last inspection.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-645/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8944&Mode=0"
  },
  {
   "question": "What is the minimum net worth required for an SFB to transition to a Universal Bank?",
   "answer": "The SFB must have a minimum net worth of ₹1,000 crore as at the end of the previous quarter, based on audited figures.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12676&Mode=0"
  },
  {
   "question": "What is the minimum net worth requirement for a UCB operating in a single district?",
   "answer": "A UCB operating in a single district must have a minimum net worth of ₹2 crore. Other UCBs need ₹5 crore. Banks below these levels must achieve 50% by March 31, 2026, and full compliance by March 31, 2028.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12654&Mode=0"
  },
  {
   "question": "What is the minimum number of auditors required for entities with assets of ₹15,000 crore or more?",
   "answer": "Entities with asset size of ₹15,000 crore and above must have a joint audit with a minimum of two audit firms (partnership firms or LLPs). These firms must not have common partners or be part of the same audit network.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12079&Mode=0"
  },
  {
   "question": "What is the minimum period a derivative contract must be held before novation?",
   "answer": "For contracts with original maturity up to one year, the minimum holding period is six months. For contracts with maturity over one year, it is nine months. This does not apply if the transferor bank is winding up or under liquidation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-406/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8626&Mode=0"
  },
  {
   "question": "What is the minimum service requirement for a Banking Outlet under the new Directions?",
   "answer": "A Banking Outlet must provide services for at least four hours per day for a minimum of five days a week. Outlets not meeting this are classified as Part-time Banking Outlets.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-207/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13102&Mode=0"
  },
  {
   "question": "What is the minimum share NBFCs must retain under CLM?",
   "answer": "NBFCs are required to retain a minimum of 20% share of the individual loans on their books.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11991&Mode=0"
  },
  {
   "question": "What is the minimum tenor of a DLG agreement?",
   "answer": "The period for which the DLG agreement will remain in force shall not be less than the longest tenor of the loan in the portfolio.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12514&Mode=0"
  },
  {
   "question": "What is the minimum tenure for a CCO under the new guidelines?",
   "answer": "The CCO must be appointed for a minimum fixed tenure of at least 3 years. Premature transfer or removal requires explicit Board approval and a well-defined internal procedure.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11962&Mode=0"
  },
  {
   "question": "What is the minimum tenure for the Head of Internal Audit under the new framework?",
   "answer": "The HIA should be appointed for a reasonably long period, preferably a minimum of three years, unless the internal audit function is a specialized career function.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12011&Mode=0"
  },
  {
   "question": "What is the minimum transaction amount for currency chest deposits/withdrawals?",
   "answer": "The minimum amount is ₹1,00,000, and thereafter in multiples of ₹50,000.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12270&Mode=0"
  },
  {
   "question": "What is the Mobile Number Revocation List (MNRL) and how do I access it?",
   "answer": "The MNRL is a list of mobile numbers that have been revoked by telecom operators, available on the Digital Intelligence Platform (DIP) developed by the Department of Telecommunications. Regulated entities must access the DIP to regularly check and clean their customer databases against this list.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12770&Mode=0"
  },
  {
   "question": "What is the model operating procedure for participating in government debt relief schemes?",
   "answer": "The model operating procedure has been shared with State Governments for their consideration while designing and implementing such schemes.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-287/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13018&Mode=0"
  },
  {
   "question": "What is the MSF relaxation extension about?",
   "answer": "RBI allows banks to borrow under MSF by dipping into SLR up to an additional 1% of NDTL (total 3%) until December 31, 2021, to ease liquidity and meet LCR needs.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12142&Mode=0"
  },
  {
   "question": "What is the net liquidity injection as on June 15, 2026?",
   "answer": "-1,51,131.21 crore",
   "page": "https://bankpulse.ai/c/rbi-2025-26-148/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62942"
  },
  {
   "question": "What is the net worth requirement for RRBs to offer internet banking?",
   "answer": "RRBs must have a net worth of ₹50 crore or more as on March 31 of the previous financial year.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12407&Mode=0"
  },
  {
   "question": "What is the new 10% share requirement?",
   "answer": "For customers with total banking system exposure of ₹10 crore or more, a Rural Co-operative Bank can maintain a current or overdraft account only if it holds at least a 10% share in that aggregate exposure or in the aggregate fund-based exposure.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-147/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13221&Mode=0"
  },
  {
   "question": "What is the new aggregate cap for MSMEs under the extended scheme?",
   "answer": "The aggregate fiscal benefit per MSME is restricted to ₹50 lakh for the Financial Year 2024-25 till December 31, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12738&Mode=0"
  },
  {
   "question": "What is the new annual turnover target for bank PDs?",
   "answer": "Bank PDs must achieve a minimum annual turnover of 100% of their minimum prescribed Net Owned Funds (NOF) for mid-segment and retail investors.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-630/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8925&Mode=0"
  },
  {
   "question": "What is the new apportionment rule for savings bank deposits?",
   "answer": "Banks must calculate the time liability portion as the average of minimum balances in each savings account over each month of the half-year. The demand liability is the difference between the average actual balance and that time liability. These proportions apply for the next half-year's reporting fortnights.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-210/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13098&Mode=0"
  },
  {
   "question": "What is the new asset threshold for HFCs to be considered financial institutions under SARFAESI Act?",
   "answer": "HFCs must have assets of ₹100 crore or more, as per the GoI Gazette Notification S.O. 2405(E) dated June 17, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12151&Mode=0"
  },
  {
   "question": "What is the new automatic route limit for ECBs?",
   "answer": "The limit has been increased from USD 750 million to USD 1.5 billion per financial year, effective from August 1, 2022, until December 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12366&Mode=0"
  },
  {
   "question": "What is the new Bank Rate effective April 9, 2025?",
   "answer": "The Bank Rate has been reduced by 25 basis points from 6.50% to 6.25% with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12832&Mode=0"
  },
  {
   "question": "What is the new Bank Rate effective from August 5, 2022?",
   "answer": "The Bank Rate has been increased by 50 basis points to 5.65% per annum, with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12372&Mode=0"
  },
  {
   "question": "What is the new Bank Rate effective from December 7, 2022?",
   "answer": "The Bank Rate has been increased by 35 basis points from 6.15% to 6.50% with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-148/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12420&Mode=0"
  },
  {
   "question": "What is the new Bank Rate effective from February 8, 2023?",
   "answer": "The Bank Rate has been increased by 25 basis points from 6.50% to 6.75% with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-174/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12450&Mode=0"
  },
  {
   "question": "What is the new Bank Rate effective from January 28, 2014?",
   "answer": "The Bank Rate has been increased by 25 basis points to 9.0% from the previous 8.75%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-468/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8716&Mode=0"
  },
  {
   "question": "What is the new Bank Rate effective from June 8, 2022?",
   "answer": "The Bank Rate has been increased by 50 basis points to 5.15% per annum, effective immediately.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-65/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12333&Mode=0"
  },
  {
   "question": "What is the new Bank Rate effective from May 4, 2022?",
   "answer": "The Bank Rate has been increased by 40 basis points from 4.25% to 4.65% with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12312&Mode=0"
  },
  {
   "question": "What is the new Bank Rate effective from October 29, 2013?",
   "answer": "The Bank Rate was reduced by 25 basis points from 9.0% to 8.75%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-345/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8539&Mode=0"
  },
  {
   "question": "What is the new Bank Rate effective from October 7, 2013?",
   "answer": "The Bank Rate has been reduced by 50 basis points from 9.5% to 9.0%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-315/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8498&Mode=0"
  },
  {
   "question": "What is the new Bank Rate effective from September 20, 2013?",
   "answer": "The Bank Rate has been reduced from 10.25% to 9.50%, a cut of 75 basis points.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-282/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8446&Mode=0"
  },
  {
   "question": "What is the new Bank Rate effective from September 30, 2022?",
   "answer": "The Bank Rate has been increased by 50 basis points from 5.65% to 6.15% with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12394&Mode=0"
  },
  {
   "question": "What is the new Bank Rate?",
   "answer": "The new Bank Rate is 5.75%.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12857&Mode=0"
  },
  {
   "question": "What is the new benchmark rate for FCY ECBs and TCs?",
   "answer": "The benchmark rate now refers to any widely accepted interbank rate or alternative reference rate (ARR) of 6-month tenor applicable to the currency of borrowing, replacing the earlier 6-month LIBOR.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12204&Mode=0"
  },
  {
   "question": "What is the new borrowing limit for AD Category-I banks under this circular?",
   "answer": "The limit remains unchanged: up to 100% of unimpaired Tier I capital as at the close of the previous quarter, or USD 10 million (or equivalent), whichever is higher. This excludes borrowings for export credit financing and capital instruments.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-323/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8507&Mode=0"
  },
  {
   "question": "What is the new borrowing limit for AD Category-I banks?",
   "answer": "The limit is raised to 100% of unimpaired Tier I capital as at the close of the previous quarter or USD 10 million, whichever is higher, up from 50%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-240/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8395&Mode=0"
  },
  {
   "question": "What is the new borrowing limit for scheduled commercial banks in Call and Notice Money?",
   "answer": "Scheduled commercial banks can borrow up to 100% of capital funds on a daily average basis in a reporting fortnight, and up to 125% of capital funds on any given day.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12120&Mode=0"
  },
  {
   "question": "What is the new bulk deposit limit for Scheduled Tier 3 and 4 UCBs?",
   "answer": "The limit has been raised from ₹15 lakh to ₹1 crore. Any single rupee term deposit of ₹1 crore or more will now be considered a bulk deposit for these banks.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12588&Mode=0"
  },
  {
   "question": "What is the new cancellation and rebooking limit for exporters?",
   "answer": "Exporters can now cancel and rebook forward contracts up to 50% of the contracts booked in a financial year, increased from the earlier 25%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-227/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8376&Mode=0"
  },
  {
   "question": "What is the new Capital Conservation Buffer (CCB) phase-in schedule?",
   "answer": "CCB implementation now starts on March 31, 2016 at 0.625% of RWAs, increasing annually to 1.25% (March 2017), 1.875% (March 2018), and fully phased in at 2.5% by March 31, 2019.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-538/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8806&Mode=0"
  },
  {
   "question": "What is the new catalogue value added to the credit reporting formats?",
   "answer": "The new catalogue value is 'Restructured due to COVID-19', added to the Consumer Bureau's 'Credit Facility Status' field, the Commercial Bureau's 'Major reasons for restructuring' field, and the MFI Bureau's 'Account status' field.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12038&Mode=0"
  },
  {
   "question": "What is the new CBS deadline for Tier I UCBs?",
   "answer": "Tier I UCBs (excluding unit banks) must implement CBS by June 30, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-249/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8404&Mode=0"
  },
  {
   "question": "What is the new CDS limit for FPIs in FY 2025-26?",
   "answer": "The aggregate notional amount of Credit Default Swaps sold by FPIs is set at 5% of the outstanding stock of corporate bonds, which translates to an additional limit of ₹2,93,612 crore for the year.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12829&Mode=0"
  },
  {
   "question": "What is the new ceiling for 1-3 year FCNR(B) deposits?",
   "answer": "The ceiling is now overnight Alternative Reference Rate (ARR) for the respective currency/swap plus 400 basis points, up from the earlier plus 250 bps.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12753&Mode=0"
  },
  {
   "question": "What is the new CET1 requirement for NBFC-UL?",
   "answer": "NBFC-UL must maintain a Common Equity Tier 1 (CET1) ratio of at least 9% of Risk Weighted Assets on an ongoing basis.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12296&Mode=0"
  },
  {
   "question": "What is the new closing date for IINSS-C 2013?",
   "answer": "The closing date has been extended from December 31, 2013 to March 31, 2014. However, the government may close the issue earlier than this date.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-418/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8652&Mode=0"
  },
  {
   "question": "What is the new combined foreign investment limit in ARCs?",
   "answer": "The combined FDI and FII limit in ARC equity capital has been raised from 49% to 74%, with no single sponsor holding more than 50%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-191/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8318&Mode=0"
  },
  {
   "question": "What is the new consent threshold for enforcing security interest under SARFAESI?",
   "answer": "ARCs now need consent from secured creditors holding at least 60% of the outstanding debt to a borrower, reduced from the earlier 75%.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-460/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8707&Mode=0"
  },
  {
   "question": "What is the new cooling-off period requirement?",
   "answer": "A director on the Board of a UCB, after completing a continuous tenure of ten years, must undergo a minimum cooling-off period of three years before being re-appointed.",
   "page": "https://bankpulse.ai/c/rbi-dor-2026-27-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13461&Mode=0"
  },
  {
   "question": "What is the new CP sub-limit for foreign investors?",
   "answer": "The CP sub-limit has been reduced from USD 3.5 billion to USD 2 billion, effective immediately.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-494/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8746&Mode=0"
  },
  {
   "question": "What is the new CRAR requirement for RRBs?",
   "answer": "RRBs must achieve and maintain a minimum Capital to Risk-weighted Assets Ratio (CRAR) of 9% on an ongoing basis, effective from March 31, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-382/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8595&Mode=0"
  },
  {
   "question": "What is the new credit period for pre-shipment and post-shipment export credit?",
   "answer": "The new credit period is up to 450 days.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-263/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13355&Mode=0"
  },
  {
   "question": "What is the new daily minimum CRR maintenance percentage?",
   "answer": "The daily minimum maintenance has been reduced from 99% to 95% of the required CRR, effective from the fortnight beginning September 21, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-281/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8444&Mode=0"
  },
  {
   "question": "What is the new deadline for completing cassette swap in all ATMs?",
   "answer": "The new deadline is March 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12130&Mode=0"
  },
  {
   "question": "What is the new deadline for full compliance with the e-mandate framework?",
   "answer": "The deadline has been extended to September 30, 2021, as a one-time measure.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12051&Mode=0"
  },
  {
   "question": "What is the new deadline for implementing penal charges on fresh loans?",
   "answer": "Fresh loans availed from April 1, 2024, onwards must comply with the new penal charges rules.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12585&Mode=0"
  },
  {
   "question": "What is the new deadline for implementing the current account circular?",
   "answer": "The deadline is extended to October 31, 2021, to allow banks time to resolve operational issues with borrowers.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12137&Mode=0"
  },
  {
   "question": "What is the new deadline for ISO 20022 adoption in RTGS?",
   "answer": "The deadline is March 31, 2014. No further extensions will be permitted after this date.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-413/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8639&Mode=0"
  },
  {
   "question": "What is the new deadline for KYC updation without restrictions?",
   "answer": "The relaxation on account operation restrictions for non-compliance with periodic KYC updation is extended until March 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-144/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12213&Mode=0"
  },
  {
   "question": "What is the new deadline for locker agreement renewal?",
   "answer": "The deadline is extended to December 31, 2023, with interim milestones: 50% by June 30, 2023, and 75% by September 30, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-168/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12443&Mode=0"
  },
  {
   "question": "What is the new deadline for non-bank PPI issuers to meet the Rs 15 crore net-worth requirement?",
   "answer": "The deadline is now based on the financial position as of September 30, 2021, instead of March 31, 2021. This means the audited balance sheet for the period ending September 30, 2021 must show at least Rs 15 crore net worth.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12095&Mode=0"
  },
  {
   "question": "What is the new deadline for note sorting machine compliance?",
   "answer": "The deadline has been extended by six months to November 1, 2025, from the earlier date specified in the October 30, 2024 circular.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12841&Mode=0"
  },
  {
   "question": "What is the new deadline for PAs to apply for authorisation?",
   "answer": "Existing non-bank PAs (as on March 17, 2020) can now apply by September 30, 2022, instead of the earlier September 30, 2021 deadline.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12362&Mode=0"
  },
  {
   "question": "What is the new deadline for PIDF scheme claims?",
   "answer": "The scheme is extended by two years, so claims can be made for eligible installations up to December 31, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12584&Mode=0"
  },
  {
   "question": "What is the new deadline for purging CoF data?",
   "answer": "The deadline has been extended to September 30, 2022. After this date, no entity except card issuers and networks can store actual card data.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12345&Mode=0"
  },
  {
   "question": "What is the new deadline for purging stored card data?",
   "answer": "The deadline has been extended from December 31, 2021 to June 30, 2022. After this date, all actual card data stored by non-bank payment aggregators and merchants must be purged.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-142/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12211&Mode=0"
  },
  {
   "question": "What is the new deadline for submitting audited balance sheets?",
   "answer": "FFMCs and non-bank AD Category-II must submit their annual audited balance sheet and a statutory auditor's certificate on Net Owned Funds (NOF) to the concerned RBI Regional Office by October 31 each year.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12689&Mode=0"
  },
  {
   "question": "What is the new deadline for the enhanced HTM limit of 22%?",
   "answer": "The enhanced HTM limit of 22% of NDTL is now available until March 31, 2023, for SLR securities acquired between September 1, 2020 and March 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12024&Mode=0"
  },
  {
   "question": "What is the new deadline for the FCNR(B) deposit rate ceiling?",
   "answer": "The ceiling remains unchanged and is now valid until January 31, 2014, instead of the earlier November 30, 2013 deadline.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-391/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8610&Mode=0"
  },
  {
   "question": "What is the new deadline for the FCNR(B) interest rate ceiling?",
   "answer": "The ceiling remains unchanged and is now valid until January 31, 2014, instead of the earlier November 30, 2013 deadline.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-388/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8602&Mode=0"
  },
  {
   "question": "What is the new deadline for the final CCB tranche?",
   "answer": "The last 0.625% tranche of the CCB is now due on April 1, 2021, instead of September 30, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11970&Mode=0"
  },
  {
   "question": "What is the new deadline for the uncapped NRE deposit rate dispensation?",
   "answer": "The freedom to offer uncapped interest rates on incremental NRE deposits of 3 years and above is extended until February 28, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-488/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8740&Mode=0"
  },
  {
   "question": "What is the new deadline for these provisions?",
   "answer": "The new implementation date is October 1, 2022, instead of the original July 1, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12342&Mode=0"
  },
  {
   "question": "What is the new deadline for using the enhanced HTM limit of 23%?",
   "answer": "The enhanced HTM limit of 23% of NDTL is now available until March 31, 2024, for SLR securities acquired between September 1, 2020 and March 31, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-150/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12422&Mode=0"
  },
  {
   "question": "What is the new definition of 'doubtful asset' under these directions?",
   "answer": "An asset that has remained in the substandard category for a period of twelve months is now classified as a doubtful asset.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-238/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13069&Mode=0"
  },
  {
   "question": "What is the new definition of a Housing Finance Company under this circular?",
   "answer": "An HFC is now defined as an NBFC where at least 60% of its total assets (net of intangible assets) are in housing finance, and at least 50% of total assets are in housing finance for individuals, covering loans for purchase, construction, renovation, or repair of residential units.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11988&Mode=0"
  },
  {
   "question": "What is the new definition of Adjusted Net Bank Credit (ANBC) for priority sector targets?",
   "answer": "ANBC is total loans and advances minus bills rediscounted with RBI and other approved financial institutions, plus investments made after August 30, 2007 in non-SLR bonds under HTM category. It does not include inter-bank exposures, and no deductions for provisions or accrued interest are allowed.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-318/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8502&Mode=0"
  },
  {
   "question": "What is the new definition of an 'inoperative account'?",
   "answer": "A savings or current account is now classified as inoperative if there are no 'customer induced transactions' for over two years. Bank-induced transactions like charges or interest do not count.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12589&Mode=0"
  },
  {
   "question": "What is the new definition of collateral security?",
   "answer": "Collateral security refers to an asset on which a security charge is created in favour of the lender for securing a credit facility.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-216/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13300&Mode=0"
  },
  {
   "question": "What is the new definition of small value loans for UCBs?",
   "answer": "Small value loans are now defined as loans up to ₹25 lakh or 0.4% of Tier I capital (whichever is higher), with a maximum ceiling of ₹3 crore per borrower. The 50% portfolio target and timelines remain unchanged.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12785&Mode=0"
  },
  {
   "question": "What is the new district created in Assam?",
   "answer": "Bajali district, notified by the Government of Assam in October 2023 with jurisdictional boundaries finalized in October 2024.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13463&Mode=0"
  },
  {
   "question": "What is the new district working code for Bajali?",
   "answer": "The code is 01O (to be read as numeral zero, numeral one, alphabet O) for BSR reporting.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-157/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12430&Mode=0"
  },
  {
   "question": "What is the new district working code for Kushavati?",
   "answer": "The district working code allotted to Kushavati is '02W', which should be read as numeral zero, numeral two, and alphabet W.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-264/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13356&Mode=0"
  },
  {
   "question": "What is the new district working code for Leparada?",
   "answer": "The district working code allotted is '00R' (to be read as numeral zero, numeral zero, alphabet R) for BSR reporting purposes.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12501&Mode=0"
  },
  {
   "question": "What is the new district working code for Lower Siang?",
   "answer": "The district working code allotted is 396, which must be used for BSR reporting by banks.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-164/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12437&Mode=0"
  },
  {
   "question": "What is the new district working code for Malerkotla?",
   "answer": "The code is '00T' (to be read as zero zero T), as assigned by RBI for BSR reporting purposes.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12150&Mode=0"
  },
  {
   "question": "What is the new district working code for Mauganj?",
   "answer": "The working code assigned to Mauganj district is '02N', which should be read as numeral zero, numeral two, alphabet N.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12571&Mode=0"
  },
  {
   "question": "What is the new district working code for Mayiladuthurai?",
   "answer": "The code is '00Q' (to be read as zero zero Q), as per RBI notification.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12076&Mode=0"
  },
  {
   "question": "What is the new district working code for Noklak?",
   "answer": "The district working code allotted is 00P (to be read as zero zero P) for BSR reporting.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-65/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11993&Mode=0"
  },
  {
   "question": "What is the new district working code for Soreng?",
   "answer": "The code is 01V, as assigned by RBI for BSR reporting purposes.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-177/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12453&Mode=0"
  },
  {
   "question": "What is the new district working code for Vijayanagara?",
   "answer": "The code is '00S' (to be read as zero zero S), as notified by RBI for BSR reporting.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12101&Mode=0"
  },
  {
   "question": "What is the new district's working code for BSR reporting?",
   "answer": "The district working code allotted is '00U', which should be read as 'zero zero U'.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-184/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12257&Mode=0"
  },
  {
   "question": "What is the new dividend cap for commercial banks?",
   "answer": "Dividend on equity shares for FY21 is capped at 50% of the payout ratio prescribed in the May 2005 circular.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12077&Mode=0"
  },
  {
   "question": "What is the new effective date for CVA risk capital charge?",
   "answer": "The CVA risk capital charge on OTC derivatives will now be effective from April 1, 2014 instead of January 1, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-424/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8662&Mode=0"
  },
  {
   "question": "What is the new effective date for NSFR?",
   "answer": "The guidelines will now come into effect from April 1, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11971&Mode=0"
  },
  {
   "question": "What is the new entity added to the UNSC sanctions list?",
   "answer": "The entity is Khatiba al-Tawhid wal-Jihad (KTJ), also known as Jannat Oshiklari or Jama`at al-Tawhid wal-Jihad. It is now subject to asset freeze, travel ban, and arms embargo.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-183/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12255&Mode=0"
  },
  {
   "question": "What is the new export credit refinance limit?",
   "answer": "The limit has been reduced from 50% to 32% of the outstanding rupee export credit eligible for refinance as at the end of the second preceding fortnight.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-621/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8915&Mode=0"
  },
  {
   "question": "What is the new exposure limit for QCCP clearing exposure?",
   "answer": "Clearing exposure to a Qualifying CCP (QCCP) is exempted from the 25% of net owned funds single-counterparty limit, effective April 1, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-541/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8808&Mode=0"
  },
  {
   "question": "What is the new FCNR(B) interest rate ceiling for 3-5 year deposits from March 1, 2014?",
   "answer": "From March 1, 2014, the ceiling for 3-5 year FCNR(B) deposits will be LIBOR/Swap plus 300 basis points, down from the current LIBOR/Swap plus 400 basis points.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-477/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8724&Mode=0"
  },
  {
   "question": "What is the new free withdrawal limit for BSBD accounts?",
   "answer": "Banks must provide a minimum of four free withdrawals (including ATM and transfer transactions) per month. However, digital payment transactions like UPI, NEFT, RTGS, IMPS, and PoS are not counted as withdrawals, so they are unlimited and free.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13173&Mode=0"
  },
  {
   "question": "What is the new HTM limit for RRBs?",
   "answer": "HTM investments cannot exceed 25% of total investments. However, if the excess comprises SLR securities, the total SLR securities in HTM must not exceed 24.5% of the bank's demand and time liabilities (DTL) as on the last Friday of the second preceding fortnight.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-434/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8678&Mode=0"
  },
  {
   "question": "What is the new HTM limit for SLR securities?",
   "answer": "Banks can retain SLR securities in HTM up to 24.5% of NDTL, instead of the earlier phased reduction to 23% of DTL. This is effective till further instructions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-198/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8339&Mode=0"
  },
  {
   "question": "What is the new HTM limit for standalone PDs?",
   "answer": "The limit is increased to 200% of the audited net owned funds as at end-March of the preceding financial year, up from 100%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-243/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8398&Mode=0"
  },
  {
   "question": "What is the new IFR requirement for RCBs?",
   "answer": "RCBs must maintain an Investment Fluctuation Reserve of at least 5% of the book value of their investment portfolio classified under the Current Category, assessed annually as of the balance sheet date.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13455&Mode=0"
  },
  {
   "question": "What is the new incentive for coin distribution and when does it take effect?",
   "answer": "The incentive is ₹65 per bag, up from ₹25, effective September 1, 2021. An additional ₹10 per bag is available for distribution in rural and semi-urban areas, subject to a CA/Auditor certificate.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12154&Mode=0"
  },
  {
   "question": "What is the new interest rate ceiling for 3-5 year FCNR(B) deposits?",
   "answer": "The ceiling is LIBOR/Swap plus 400 basis points, up from the earlier plus 300 basis points.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-194/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8327&Mode=0"
  },
  {
   "question": "What is the new interest rate ceiling for FCNR(B) deposits of 1 to 3 years?",
   "answer": "For deposits of 1 year to less than 3 years, the ceiling is Overnight Alternative Reference Rate (ARR) for the respective currency or Swap rate plus 250 basis points, up from the earlier LIBOR/Swap plus 200 bps.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12191&Mode=0"
  },
  {
   "question": "What is the new interest rate for SDS 1975 deposits?",
   "answer": "The interest rate is revised to 8.7% per annum, effective from April 1, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-329/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8516&Mode=0"
  },
  {
   "question": "What is the new interest rate on unclaimed deposits transferred to the DEA Fund?",
   "answer": "Effective May 11, 2021, the rate is 3% simple interest per annum, reduced from the earlier 3.5%.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12091&Mode=0"
  },
  {
   "question": "What is the new intraday CME cap for IPCs under T+1 settlement?",
   "answer": "The maximum intraday capital market exposure for custodian banks issuing IPCs is 30% of the settlement amount, based on a 20% price drop assumption plus 10% additional margin.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12681&Mode=0"
  },
  {
   "question": "What is the new investment limit for credit enhanced bonds?",
   "answer": "SEBI-registered FIIs, QFIs, and long-term investors can invest up to USD 5 billion in credit enhanced bonds, within the overall USD 51 billion corporate debt limit.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-368/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8563&Mode=0"
  },
  {
   "question": "What is the new limit for booking forward contracts without underlying documents?",
   "answer": "The limit has been raised from US$ 100,000 to US$ 250,000 for resident individuals, firms, and companies with actual or anticipated foreign exchange exposures.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-557/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8829&Mode=0"
  },
  {
   "question": "What is the new limit for direct dispatch of shipping documents?",
   "answer": "The earlier USD 1 million per shipment limit has been removed. AD banks can now regularize direct dispatch for any value, provided export proceeds are fully realized (except permitted write-offs), the exporter is a regular customer for at least 6 months, KYC/AML compliant, and the bank is satisfied with the transaction's bonafides.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12005&Mode=0"
  },
  {
   "question": "What is the new limit for PDIs in foreign currency or rupee bonds overseas for SFBs?",
   "answer": "The limit is 1.5% of Risk Weighted Assets, as per the latest available financial statements (audited or subjected to limited review).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12905&Mode=0"
  },
  {
   "question": "What is the new limit for PDIs in foreign currency/rupee bonds overseas?",
   "answer": "The new limit is 1.5% of Risk Weighted Assets (RWAs) as per the latest audited or limited review financial statements, effective October 1, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12904&Mode=0"
  },
  {
   "question": "What is the new margin cap for MFIs with loan portfolios above Rs.100 crore?",
   "answer": "From April 1, 2014, the margin cap shall not exceed 10% for MFIs with loan portfolios exceeding Rs.100 crore, down from the earlier 12%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-515/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8767&Mode=0"
  },
  {
   "question": "What is the new maximum customer charge per ATM transaction?",
   "answer": "From May 1, 2025, banks can charge a maximum of ₹23 per transaction for ATM usage beyond the free limits, plus applicable taxes.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12111&Mode=0"
  },
  {
   "question": "What is the new maximum investment limit for individuals under IINSS-C?",
   "answer": "The maximum limit has been increased to ₹10 lakh per annum for eligible individual investors, as per the Government notification dated March 25, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-534/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8789&Mode=0"
  },
  {
   "question": "What is the new minimum amount for non-callable term deposits?",
   "answer": "The minimum amount has been increased from ₹15 lakh to ₹1 crore. All term deposits from individuals for ₹1 crore and below must now have a premature withdrawal facility.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12555&Mode=0"
  },
  {
   "question": "What is the new minimum contract period for trade credits?",
   "answer": "The ab-initio contract period has been reduced from 15 months to 6 months for all trade credits, giving borrowers more flexibility.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-290/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8459&Mode=0"
  },
  {
   "question": "What is the new minimum credit rating for NBFC deposits?",
   "answer": "The minimum investment grade credit rating is now 'BBB-' from any SEBI-registered credit rating agency.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12304&Mode=0"
  },
  {
   "question": "What is the new minimum deposit amount for GMS?",
   "answer": "The minimum deposit remains 10 grams of raw gold (bars, coins, jewellery excluding stones and other metals). There is no maximum limit.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12067&Mode=0"
  },
  {
   "question": "What is the new minimum IFR balance requirement?",
   "answer": "The minimum IFR balance is 2% of the AFS and FVTPL (including HFT) portfolio.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13451&Mode=0"
  },
  {
   "question": "What is the new minimum IFR requirement for UCBs?",
   "answer": "UCBs must maintain a minimum IFR of 5% of their investment portfolio, computed with reference to the book value of investments in AFS and HFT categories, assessed annually as of the balance sheet date.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13454&Mode=0"
  },
  {
   "question": "What is the new minimum net owned funds requirement for IDF-NBFCs?",
   "answer": "The minimum net owned funds has been increased to ₹300 crore, up from the previous requirement.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12528&Mode=0"
  },
  {
   "question": "What is the new minimum net worth requirement for UCBs?",
   "answer": "UCBs operating in a single district must have minimum net worth of ₹2 crore. All other UCBs must have ₹5 crore. Banks not meeting these must achieve 50% by March 31, 2026, and full compliance by March 31, 2028.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12490&Mode=0"
  },
  {
   "question": "What is the new minimum rating for Brickwork?",
   "answer": "Brickwork's minimum investment grade rating for HFC deposits changed from BWR FA to BWR FBBB, aligning with NBFC requirements.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12134&Mode=0"
  },
  {
   "question": "What is the new MSF rate and when does it take effect?",
   "answer": "The MSF rate is reduced to 8.75% from 9.00%, effective immediately from October 29, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-340/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8534&Mode=0"
  },
  {
   "question": "What is the new net-worth requirement for non-bank BBPOUs?",
   "answer": "The minimum net-worth requirement has been reduced to ₹25 crore, effective from May 26, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12325&Mode=0"
  },
  {
   "question": "What is the new penalty for delayed card closure?",
   "answer": "If a card issuer fails to close a card account within seven working days of request, they must pay ₹500 per calendar day of delay to the cardholder, provided there is no outstanding balance.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12620&Mode=0"
  },
  {
   "question": "What is the new per-transaction limit for Indo-Nepal remittances?",
   "answer": "The limit has been raised from ₹50,000 to ₹2 lakh per transaction for remittances initiated through NEFT, effective October 1, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12155&Mode=0"
  },
  {
   "question": "What is the new policy repo rate under LAF?",
   "answer": "The new policy repo rate under LAF is 5.50%.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12854&Mode=0"
  },
  {
   "question": "What is the new pricing condition for banks under the Interest Equalisation Scheme?",
   "answer": "From FY 2023-24, if a bank's average interest rate on loans under the scheme (before subvention) exceeds Repo Rate + 4%, DGFT will identify the bank. Such banks must provide an undertaking to DGFT to continue in the scheme; further breaches may lead to debarment.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12610&Mode=0"
  },
  {
   "question": "What is the new provision for including quarterly profits in CET1 capital?",
   "answer": "The new provision allows Payments Banks to include quarterly profits in CET1 capital, subject to conditions such as quarterly financial statement audits and use of a specified formula.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13448&Mode=0"
  },
  {
   "question": "What is the new PSL target for UCBs from FY2024-25?",
   "answer": "The overall PSL target is now 60% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of Off-balance Sheet Exposure (CEOBSE), whichever is higher, effective from FY2024-25.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-130/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12797&Mode=0"
  },
  {
   "question": "What is the new qualifying assets threshold for NBFC-MFIs?",
   "answer": "NBFC-MFIs must maintain qualifying assets (aligned with microfinance loans definition) at a minimum of 60% of total assets, net of intangible assets, on an ongoing basis.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12856&Mode=0"
  },
  {
   "question": "What is the new rate for the Standing Liquidity Facility for Primary Dealers?",
   "answer": "The SLF rate is now 4.90%, effective June 8, 2022, following the 50 bps hike in the repo rate.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12332&Mode=0"
  },
  {
   "question": "What is the new repatriation timeline for exports through Bharat Mart?",
   "answer": "Exporters must realise and repatriate the full export value within nine months from the date of sale of the goods from the warehouse, not from the date of shipment.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12840&Mode=0"
  },
  {
   "question": "What is the new repo rate effective from August 5, 2022?",
   "answer": "The repo rate has been increased by 50 basis points to 5.40% per annum with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12370&Mode=0"
  },
  {
   "question": "What is the new repo rate effective from December 7, 2022?",
   "answer": "The repo rate has been increased by 35 basis points to 6.25% per annum with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-147/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12419&Mode=0"
  },
  {
   "question": "What is the new repo rate effective from February 7, 2025?",
   "answer": "The repo rate has been reduced by 25 basis points from 6.50% to 6.25% with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12775&Mode=0"
  },
  {
   "question": "What is the new repo rate effective from February 8, 2023?",
   "answer": "The repo rate has been increased by 25 basis points to 6.50% per annum.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-173/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12449&Mode=0"
  },
  {
   "question": "What is the new repo rate effective from January 28, 2014?",
   "answer": "The repo rate was increased by 25 basis points to 8.00% per annum.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-464/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8712&Mode=0"
  },
  {
   "question": "What is the new repo rate effective from June 8, 2022?",
   "answer": "The repo rate has been increased by 50 basis points to 4.90% with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12331&Mode=0"
  },
  {
   "question": "What is the new repo rate effective from October 29, 2013?",
   "answer": "The repo rate was increased by 25 basis points to 7.75% per annum, as announced in the Second Quarter Review of Monetary Policy 2013-14.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-343/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8537&Mode=0"
  },
  {
   "question": "What is the new repo rate effective from September 20, 2013?",
   "answer": "The repo rate was increased by 25 basis points from 7.25% to 7.50%, effective immediately from September 20, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-276/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8442&Mode=0"
  },
  {
   "question": "What is the new repo rate effective from September 30, 2022?",
   "answer": "The repo rate has been increased by 50 basis points to 5.90% with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12391&Mode=0"
  },
  {
   "question": "What is the new reporting format for these submissions?",
   "answer": "Reports must be uploaded in the new XML reporting format via the FINnet gateway. The earlier test mode is now replaced by live production reporting.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-569/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8847&Mode=0"
  },
  {
   "question": "What is the new reporting frequency for NRO remittances?",
   "answer": "Monthly instead of quarterly. Banks must submit the statement within 7 days of the end of each reporting month.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-496/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8748&Mode=0"
  },
  {
   "question": "What is the new reporting timeline for FPI G-sec trades?",
   "answer": "FPIs and custodian banks must report OTC trades in government securities to the NDS-OM platform within three hours after the close of trading hours for the G-sec market.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12109&Mode=0"
  },
  {
   "question": "What is the new requirement for Tier 1 capital?",
   "answer": "NBFCs must obtain an external auditor's certificate on completion of capital augmentation and submit it to RBI before reckoning additions to capital funds.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-227/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13312&Mode=0"
  },
  {
   "question": "What is the new requirement in the FLA return?",
   "answer": "The return now includes Outward Foreign Affiliated Trade Statistics (FATS) data, as per global standards on trade in services statistics.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-646/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8945&Mode=0"
  },
  {
   "question": "What is the new residual maturity requirement for government securities?",
   "answer": "All foreign investments in government dated securities must have a residual maturity of one year or more. Securities with less than one year residual maturity are not eligible for fresh investment.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-556/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8828&Mode=0"
  },
  {
   "question": "What is the new return code and frequency for MTSS Business reporting?",
   "answer": "The return is named MTSS Business with code R103, and it must be filed monthly.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-170/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13246&Mode=0"
  },
  {
   "question": "What is the new return code for MTSS reporting on CIMS?",
   "answer": "The statement has been assigned return code 'R130' on the CIMS portal.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-130/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12618&Mode=0"
  },
  {
   "question": "What is the new return code for this reporting on CIMS?",
   "answer": "The return has been assigned code R131 on the Centralised Information Management System (CIMS).",
   "page": "https://bankpulse.ai/c/rbi-2023-24-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12578&Mode=0"
  },
  {
   "question": "What is the new reverse repo rate after this change?",
   "answer": "The reverse repo rate automatically adjusted to 6.75% following the repo rate increase to 7.75%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-339/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8533&Mode=0"
  },
  {
   "question": "What is the new reverse repo rate?",
   "answer": "The reverse repo rate automatically adjusted to 7.00% following the repo rate increase to 8.00%.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-470/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8718&Mode=0"
  },
  {
   "question": "What is the new revolving fund limit for SHGs under DAY-NRLM?",
   "answer": "The revolving fund support is now a minimum of ₹10,000 and up to a maximum of ₹15,000 per SHG, provided the SHG has existed for at least 3-6 months and follows Panchasutra norms.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-05/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12062&Mode=0"
  },
  {
   "question": "What is the new RSF factor for loans to these NDBs?",
   "answer": "Unencumbered loans with residual maturity of one year or more and a risk weight of 35% or lower now have an RSF factor of 65%, down from 100%.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12587&Mode=0"
  },
  {
   "question": "What is the new rule for maintaining Investment Fluctuation Reserve (IFR)?",
   "answer": "An RRB shall create IFR out of realised gains on sale of investments, subject to availability of net profit, until the amount of IFR is at least 2% of the HFT and AFS portfolio.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13456&Mode=0"
  },
  {
   "question": "What is the new rule for soiled notes?",
   "answer": "The definition now includes a two-piece note pasted together where both pieces are present. This expands the scope of notes eligible for free exchange at bank branches under delegated powers.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12265&Mode=0"
  },
  {
   "question": "What is the new run-off rate for retail deposits with internet and mobile banking?",
   "answer": "Stable retail deposits with IMB now have a 7.5% run-off factor (up from 5%), and less stable deposits have 12.5% (up from 10%).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12836&Mode=0"
  },
  {
   "question": "What is the new SLF rate for Primary Dealers?",
   "answer": "The SLF rate is now 4.40%, effective May 4, 2022, following the 40 bps repo rate hike.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12311&Mode=0"
  },
  {
   "question": "What is the new SLR percentage and how does it compare to the old one?",
   "answer": "The SLR is reduced from 25% to 22.5% of total demand and time liabilities, a cut of 250 basis points.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-628/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8922&Mode=0"
  },
  {
   "question": "What is the new SLR percentage for RRBs?",
   "answer": "The SLR for RRBs has been reduced from 23% to 22.50% of Net Demand and Time Liabilities (NDTL), effective from the fortnight beginning June 14, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-626/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8920&Mode=0"
  },
  {
   "question": "What is the new sub-limit for long-term investors in government dated securities?",
   "answer": "The sub-limit has been doubled from USD 5 billion to USD 10 billion, effective immediately, within the overall USD 30 billion cap for foreign investment in government securities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-473/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8721&Mode=0"
  },
  {
   "question": "What is the new subvention cap per IEC for the extended period?",
   "answer": "The interest equalisation subvention is capped at ₹1.66 crore per Importer-Exporter Code for the period July 1 to August 31, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12729&Mode=0"
  },
  {
   "question": "What is the new tenure limit for an ARC's MD/CEO?",
   "answer": "The MD/CEO or whole-time director can serve a maximum of 15 continuous years in the same ARC. After that, a 3-year cooling period is required before re-appointment, during which they cannot be associated with the ARC in any capacity.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-128/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12399&Mode=0"
  },
  {
   "question": "What is the new threshold for personal loans to directors of other banks?",
   "answer": "The threshold has been revised from ₹25 lakh to ₹5 crore, meaning loans up to ₹5 crore can be sanctioned without board approval, subject to existing policies.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12132&Mode=0"
  },
  {
   "question": "What is the new threshold for reporting 'past due' credit card accounts?",
   "answer": "3 days",
   "page": "https://bankpulse.ai/c/rbi-2026-27-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13388&Mode=0"
  },
  {
   "question": "What is the new threshold for unrestricted current accounts?",
   "answer": "A bank may maintain a current account without restriction only if the customer's aggregate exposure from the banking system is less than ₹10 crore.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-143/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13222&Mode=0"
  },
  {
   "question": "What is the new threshold limit for simplified claim settlement?",
   "answer": "For co-operative banks, the threshold is ₹5 lakh; for all other banks, it is ₹15 lakh. Banks can set a higher limit if they wish.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12901&Mode=0"
  },
  {
   "question": "What is the new time period for outlay of foreign exchange?",
   "answer": "6 months",
   "page": "https://bankpulse.ai/c/rbi-2025-26-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12907&Mode=0"
  },
  {
   "question": "What is the new timeline for uploading updated KYC information to CKYCR?",
   "answer": "When an RE obtains additional or updated information from a customer, it must furnish the updated information to CKYCR within seven days (or such period as notified by the Central Government). CKYCR will then update the records and inform all reporting entities dealing with that customer.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12746&Mode=0"
  },
  {
   "question": "What is the new trade remittance limit under Rupee Drawing Arrangements?",
   "answer": "The limit has been increased from Rs 2,00,000 to Rs 5,00,000 per transaction, effective immediately.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-516/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8768&Mode=0"
  },
  {
   "question": "What is the new VRR investment limit for FPIs?",
   "answer": "The VRR investment limit has been increased to ₹2,50,000 crore from ₹1,50,000 crore, effective April 1, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-156/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12228&Mode=0"
  },
  {
   "question": "What is the new working capital assessment method for small borrowers?",
   "answer": "For borrowers other than micro/small enterprises needing up to ₹1 crore, and micro/small enterprises needing up to ₹5 crore, banks can assess working capital at 25% of projected annual turnover. The borrower contributes 5% as net working capital, and the bank provides at least 20% of turnover as finance.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12288&Mode=0"
  },
  {
   "question": "What is the NNPA threshold for dividend declaration?",
   "answer": "The Net Non-Performing Asset (NNPA) ratio must be less than 7% for the financial year for which the bank proposes to declare dividend.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-199/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13110&Mode=0"
  },
  {
   "question": "What is the non-competitive bidding facility?",
   "answer": "Up to 5% of the notified amount is reserved for eligible individuals and institutions under the non-competitive scheme. Banks or primary dealers submit a single consolidated non-competitive bid on behalf of their constituents, and allotment is at the weighted average rate from competitive bidding.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-596/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8887&Mode=0"
  },
  {
   "question": "What is the notice requirement for no-fixed-maturity deposits?",
   "answer": "Banks must give a 3-month notice to the depositor at their last known address before converting the deposit to rupees.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-616/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8909&Mode=0"
  },
  {
   "question": "What is the notified amount for the auction?",
   "answer": "₹1,50,000 crore",
   "page": "https://bankpulse.ai/c/rbi-doc-62940/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62940"
  },
  {
   "question": "What is the notified amount of the auction?",
   "answer": "₹50,000 crore",
   "page": "https://bankpulse.ai/c/rbi-doc-62947/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62947"
  },
  {
   "question": "What is the overall limit for these investments?",
   "answer": "The total investment by FPIs, long-term investors, and NRIs in these instruments falls within the existing USD 51 billion corporate debt limit set by RBI and SEBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-632/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8928&Mode=0"
  },
  {
   "question": "What is the penal interest rate for excess put-through or double claims?",
   "answer": "The rate is Bank Rate plus 2%, where Bank Rate is the rate notified by RBI at the time of the transaction.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12135&Mode=0"
  },
  {
   "question": "What is the penalty amount?",
   "answer": "₹5 lakh",
   "page": "https://bankpulse.ai/c/rbi-doc-62939/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62939"
  },
  {
   "question": "What is the penalty for a shortage of a ₹100 note in a soiled note remittance?",
   "answer": "For notes of ₹100 and above, the penalty is equal to the value of the denomination per piece, in addition to recovering the loss amount. So for a ₹100 note, the penalty is ₹100 plus the loss.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-03/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12054&Mode=0"
  },
  {
   "question": "What is the penalty for a shortage of ₹500 notes in a soiled note remittance?",
   "answer": "For notes of denomination ₹100 and above, the penalty is equal to the value of the denomination per piece in addition to the loss. So for a ₹500 note, penalty is ₹500 per piece plus the loss amount.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12268&Mode=0"
  },
  {
   "question": "What is the penalty for an ATM with cash-out exceeding 10 hours in a month?",
   "answer": "A flat penalty of ₹10,000 per ATM will be imposed for any cash-out exceeding 10 hours in a month, effective from October 1, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12144&Mode=0"
  },
  {
   "question": "What is the penalty for delayed reporting of currency chest transactions?",
   "answer": "Penal interest is levied on the amount due from the chest-holding bank for the period of delay, calculated on a T+0 basis from the same business day.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2024-25-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12648&Mode=0"
  },
  {
   "question": "What is the penalty for non-compliance under the amended Section 13(2)?",
   "answer": "The Director can levy a fine of not less than ₹10,000 and up to ₹1 lakh for each failure to comply with PMLA obligations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-625/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8919&Mode=0"
  },
  {
   "question": "What is the penalty for not meeting the September 2025 deadline?",
   "answer": "The circular does not specify penalties, but non-compliance may invite supervisory action under Sections 45L and 45M of the RBI Act, 1934. Banks should advise NBFC clients to adhere strictly.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-175/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12247&Mode=0"
  },
  {
   "question": "What is the penalty for premature encashment?",
   "answer": "A penalty of 50% of the interest due for the last six months of the holding period will be recovered from the investor, applicable to both cumulative and non-cumulative bonds.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-206/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8352&Mode=0"
  },
  {
   "question": "What is the penalty range for non-compliance under the amended Section 13(2)?",
   "answer": "The Director can levy a fine of not less than ₹10,000 and up to ₹1 lakh for each failure to comply with PMLA obligations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-441/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8686&Mode=0"
  },
  {
   "question": "What is the PM Vishwakarma Scheme?",
   "answer": "It is a Government of India scheme to support artisans and craftspeople with concessional credit and interest subvention, helping them move up the value chain.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12536&Mode=0"
  },
  {
   "question": "What is the Positive Pay System for cheques?",
   "answer": "It's a process where the cheque issuer electronically submits key details (date, payee, amount) to the drawee bank before the cheque is presented. CTS cross-checks these details with the presented cheque, flagging any discrepancies.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11969&Mode=0"
  },
  {
   "question": "What is the PRAVAAH portal?",
   "answer": "PRAVAAH (Platform for Regulatory Application, Validation And AutHorisation) is a secure, centralised web-based portal launched by RBI on May 28, 2024, for entities to seek authorisations, licenses, or regulatory approvals.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-34/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12845&Mode=0"
  },
  {
   "question": "What is the prescribed timeframe for issuing Form 16A?",
   "answer": "The Income Tax Rules specify the timeline for issuing TDS certificates. Banks must ensure they provide Form 16A within that timeframe and avoid last-minute delays.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-361/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8556&Mode=0"
  },
  {
   "question": "What is the prescribed timeline for issuing Form 16A?",
   "answer": "The timeline is set under the Income Tax Rules. The RBI circular does not specify the exact number of days; banks must comply with the time-frame prescribed under those Rules.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-401/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8620&Mode=0"
  },
  {
   "question": "What is the price/yield range setting facility in e-Kuber?",
   "answer": "It allows a market participant to define a maximum and minimum value for bids in price or yield terms for each security in every auction. Bids are automatically validated against these limits, preventing fat-finger errors.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-163/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12436&Mode=0"
  },
  {
   "question": "What is the priority sector lending target in India?",
   "answer": "Domestic scheduled commercial banks (and foreign banks with 20 or more branches) must lend at least 40% of their Adjusted Net Bank Credit (ANBC) — or the credit-equivalent of off-balance-sheet exposure, whichever is higher — to the priority sector. Within that overall 40%, the RBI sets sub-targets: 18% to agriculture, 10% to small and marginal farmers, 7.5% to micro enterprises and 12% to weaker sections.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the procedure for applying for a universal bank license?",
   "answer": "Applicants must submit a detailed application with supporting documents, including information on existing and proposed structure, a project report, and self-declarations. The RBI will evaluate applications based on the guidelines and may grant in-principle approval.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-143/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13168&Mode=0"
  },
  {
   "question": "What is the process for delays exceeding three years?",
   "answer": "The AD bank approves the form subject to compounding of contravention. The applicant must then approach RBI with a compounding application.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-160/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12433&Mode=0"
  },
  {
   "question": "What is the Provision Coverage Ratio (PCR)?",
   "answer": "The Provision Coverage Ratio (PCR) is the share of a bank's gross non-performing assets (bad loans) that it has already set aside money against, expressed as a percentage. If a bank has 100 rupees of gross NPAs and has provided 76 rupees against them, its PCR is 76%. A higher PCR means a thicker cushion -- the bank has already absorbed most of the expected loss on its bad loans, so future write-offs hit profit and capital less. It is one of the clearest signals of how conservatively a bank has cleaned up its loan book.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the Provision Coverage Ratio of Indian banks?",
   "answer": "At the system level Indian scheduled commercial banks carry a PCR of roughly 76-77% on the latest readings -- provisions covering about three-quarters of gross NPAs, a multi-year high. The averages hide a gap by bank group: public-sector banks typically run a higher PCR of around 83-84% while private-sector banks are nearer 76-77%. These figures are rounded and approximate and individual banks vary.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the provisioning rate for teaser-rate housing loans after one year?",
   "answer": "After one year from the date the teaser rate is reset to a higher rate, if the account remains standard, the provisioning rate reduces from 2% to 0.40%.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12329&Mode=0"
  },
  {
   "question": "What is the prudential ceiling for banks' aggregate exposure towards REITs?",
   "answer": "10% of eligible capital base.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13479&Mode=0"
  },
  {
   "question": "What is the prudential treatment of reversal of excess provision, dividend payment, and unrealized profits?",
   "answer": "This is guided by the instructions contained in Reserve Bank of India (Urban Co-operative Banks – Transfer and Distribution of Credit Risk) Directions, 2025.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-290/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13015&Mode=0"
  },
  {
   "question": "What is the PSL sub-target for lending to weaker sections including minorities?",
   "answer": "For FY 2022-23, the sub-target is 11.5% of ANBC or Credit Equivalent amount of OBE, whichever is higher, as on March 31 of the previous year.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12367&Mode=0"
  },
  {
   "question": "What is the purpose of geo-tagging payment touch points?",
   "answer": "To provide insights on regional digital payment penetration, monitor infrastructure density, identify gaps for deploying more touch points, and support targeted digital literacy programs for inclusive access.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-187/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12260&Mode=0"
  },
  {
   "question": "What is the purpose of RBI's directions for NBFC-MFIs?",
   "answer": "The directions aim to prevent detrimental conduct of NBFC-MFIs and ensure that their affairs are conducted in a manner that is not detrimental to investors or prejudicial to the NBFC-MFIs themselves.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-371/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12933&Mode=0"
  },
  {
   "question": "What is the purpose of RBI's new directions for rural co-operative banks?",
   "answer": "The directions aim to enhance governance and ensure high integrity among directors.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-298/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13006&Mode=0"
  },
  {
   "question": "What is the purpose of the amendment directions?",
   "answer": "To enhance transparency and risk management in lending to related parties by AIFIs.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-180/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13256&Mode=0"
  },
  {
   "question": "What is the purpose of the amendment?",
   "answer": "The amendment aims to clarify the responsibility of entities uploading and downloading customer records from the Central KYC Records Registry.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-159/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13235&Mode=0"
  },
  {
   "question": "What is the purpose of the amendments?",
   "answer": "To align Urban Cooperative Banks' stressed asset resolution with Commercial Banks' norms",
   "page": "https://bankpulse.ai/c/rbi-2026-27-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13385&Mode=0"
  },
  {
   "question": "What is the purpose of the auction?",
   "answer": "The auction is conducted to raise funds for state governments through the issuance of securities",
   "page": "https://bankpulse.ai/c/rbi-doc-62944/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62944"
  },
  {
   "question": "What is the purpose of the DEA Fund Scheme?",
   "answer": "To educate and aware depositors about their rights and responsibilities",
   "page": "https://bankpulse.ai/c/rbi-2025-26-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12876&Mode=0"
  },
  {
   "question": "What is the purpose of the Fund?",
   "answer": "The Fund is used to promote depositors' interests and for other purposes specified by RBI from time to time, as per Section 26A of the Banking Regulation Act.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-527/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8780&Mode=0"
  },
  {
   "question": "What is the purpose of the Master Directions?",
   "answer": "The Master Directions aim to consolidate and simplify existing guidelines and instructions for operating a payment system.",
   "page": "https://bankpulse.ai/c/rbi-doc-62941/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62941"
  },
  {
   "question": "What is the purpose of the new Directions?",
   "answer": "To manage concentration risk by setting internal limits and sub-limits for real estate exposures and prevent excessive exposure to the real estate sector.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13479&Mode=0"
  },
  {
   "question": "What is the purpose of the new district working codes?",
   "answer": "The new district working codes have been allotted for BSR (Basic Statistical Returns) reporting by banks, ensuring accurate classification of branches and credit data under the new district structure.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12353&Mode=0"
  },
  {
   "question": "What is the purpose of the new RBI directions?",
   "answer": "The purpose is to enhance risk management practices in rural co-operative banks.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-310/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12994&Mode=0"
  },
  {
   "question": "What is the purpose of the RBI Directions for Credit Information Companies?",
   "answer": "The directions aim to enhance the functioning of CICs, improve customer service, and ensure accurate and timely credit information dissemination.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-378/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12926&Mode=0"
  },
  {
   "question": "What is the purpose of the RBI directions?",
   "answer": "The directions aim to ensure seamless conduct of government business and provide clarity on the terms and conditions for Agency Banks.",
   "page": "https://bankpulse.ai/c/rbi-dgba-2026-27-400/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13443&Mode=0"
  },
  {
   "question": "What is the purpose of the RBI Know Your Customer Amendment Directions 2025?",
   "answer": "The purpose is to clarify the responsibility of entities uploading customer records to and downloading the same from CKYCR, based on the office memorandum issued by the Department of Revenue, Govt of India.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-162/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13238&Mode=0"
  },
  {
   "question": "What is the purpose of the Reserve Bank of India (Rural Co-operative Banks – Miscellaneous) (Amendment) Directions, 2025?",
   "answer": "The purpose of the amendment is to ensure that rural co-operative banks display their full name and that StCBs adhere to certain norms for inclusion in the Second Schedule to the Reserve Bank of India Act, 1934.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13190&Mode=0"
  },
  {
   "question": "What is the purpose of the Scheme for Setting up WOS by foreign banks in India?",
   "answer": "To provide near national treatment to foreign banks and enhance resolvability and protecting local depositors.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-144/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13167&Mode=0"
  },
  {
   "question": "What is the purpose of the second amendment directions?",
   "answer": "The purpose is to modify the Reserve Bank of India (Commercial Banks – Credit Risk Management) Directions, 2025, focusing on unhedged foreign currency exposure (UCFE) and incremental capital requirements.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13397&Mode=0"
  },
  {
   "question": "What is the purpose of the state government securities auction?",
   "answer": "The auction is conducted to raise funds for state governments and provide investment opportunities for investors.",
   "page": "https://bankpulse.ai/c/rbi-doc-62945/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62945"
  },
  {
   "question": "What is the purpose of the update?",
   "answer": "The purpose is to enhance the regulatory framework for non-banking financial companies",
   "page": "https://bankpulse.ai/c/rbi-2022-23-129/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12400&Mode=0"
  },
  {
   "question": "What is the purpose of the USD 15 million LoC to Sierra Leone?",
   "answer": "The LoC funds expansion of ongoing projects for rehabilitating existing potable water facilities in four communities in Sierra Leone.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12169&Mode=0"
  },
  {
   "question": "What is the purpose of the Variable Rate Repo auction?",
   "answer": "To manage current and evolving liquidity conditions",
   "page": "https://bankpulse.ai/c/rbi-doc-62947/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62947"
  },
  {
   "question": "What is the purpose of the VRR auction?",
   "answer": "To manage current and evolving liquidity conditions in the market.",
   "page": "https://bankpulse.ai/c/rbi-doc-62940/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62940"
  },
  {
   "question": "What is the purpose of these amendments?",
   "answer": "These amendments aim to strengthen the credit risk management framework for local area banks, ensuring they adhere to stricter guidelines for lending to related parties and maintaining transparency in their operations.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-175/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13251&Mode=0"
  },
  {
   "question": "What is the purpose of these directions?",
   "answer": "To ensure diversified ownership and control of banking companies and maintain stability in the banking sector.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-145/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13166&Mode=0"
  },
  {
   "question": "What is the purpose of these Master Directions?",
   "answer": "To provide a framework for authorization, regulation, and supervision of PPI issuers, foster competition and innovation, ensure safety and security, and promote harmonization and interoperability of PPIs.",
   "page": "https://bankpulse.ai/c/rbi-dpss-2021-22-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12156&Mode=0"
  },
  {
   "question": "What is the purpose of these special clearing operations?",
   "answer": "To facilitate accounting of all government transactions for the financial year 2013-14 by March 31, 2014, ensuring timely closure of government accounts.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-536/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8791&Mode=0"
  },
  {
   "question": "What is the purpose of this $10.4 million LoC to Eswatini?",
   "answer": "It finances construction of a Disaster Recovery Site in Eswatini, with a DPR cost not exceeding 1% of the credit.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-122/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12190&Mode=0"
  },
  {
   "question": "What is the purpose of this amendment?",
   "answer": "To strengthen concentration risk management for NBFCs by ensuring that they maintain adequate capital buffers and adhere to prudential norms.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-227/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13312&Mode=0"
  },
  {
   "question": "What is the purpose of this circular?",
   "answer": "It provides detailed guidelines for banks to operationalise the Interest Subvention Scheme under NRLM for SHG credit during 2013-14, as received from the Ministry of Rural Development.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-373/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8580&Mode=0"
  },
  {
   "question": "What is the purpose of this EUR 100 million credit line?",
   "answer": "It is a Short-Term Line of Credit from Exim Bank to Banco Exterior de Cuba to finance the purchase of rice from India.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12405&Mode=0"
  },
  {
   "question": "What is the purpose of this Line of Credit?",
   "answer": "It finances a low-cost housing and economical buildings project in Burkina Faso, covering eligible goods, services, machinery, and consultancy from India.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-289/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8458&Mode=0"
  },
  {
   "question": "What is the purpose of this LoC?",
   "answer": "It provides USD 7.29 million to Guyana for procuring and installing 30,000 solar home lighting systems in hinterland communities.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-181/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12253&Mode=0"
  },
  {
   "question": "What is the purpose of this Master Circular?",
   "answer": "It consolidates and updates previous instructions on note and coin exchange facilities, ensuring banks provide these services actively to reduce public reliance on RBI offices.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12052&Mode=0"
  },
  {
   "question": "What is the purpose of this Master Direction?",
   "answer": "To enhance the operational efficiency of currency management and improve customer service.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2026-27-393/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13360&Mode=0"
  },
  {
   "question": "What is the purpose of this special clearing operation?",
   "answer": "To facilitate accounting of all government transactions for the financial year 2021-22 by March 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-188/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12261&Mode=0"
  },
  {
   "question": "What is the purpose of this special clearing?",
   "answer": "To facilitate accounting of all government transactions for the financial year 2020-21 by March 31, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12047&Mode=0"
  },
  {
   "question": "What is the purpose of this SRO framework?",
   "answer": "To encourage industry self-regulation among PSOs, setting standards for security, pricing, customer protection, and dispute resolution, while supplementing RBI regulations.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11986&Mode=0"
  },
  {
   "question": "What is the purpose of this USD 170 million LoC to Guinea?",
   "answer": "It finances the strengthening of drinking water supply in Grand Conakry-Horizon 2040 project in Guinea, with at least 75% of contract value sourced from India.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12148&Mode=0"
  },
  {
   "question": "What is the purpose of this USD 20.10 million LoC to Nicaragua?",
   "answer": "The LoC is for reconstruction of Aldo Chavarria Hospital in Nicaragua, financing eligible Indian exports under the Foreign Trade Policy.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11992&Mode=0"
  },
  {
   "question": "What is the purpose of this USD 310 million LoC to Zimbabwe?",
   "answer": "It finances the repowering of Hwange Thermal Power Station in Zimbabwe, with at least 75% of contract value sourced from India.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11977&Mode=0"
  },
  {
   "question": "What is the purpose of this USD 40 million Line of Credit?",
   "answer": "It is for development of sports infrastructure in the Republic of Maldives, financed by Exim Bank under a Government of India-supported LoC.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-160/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12232&Mode=0"
  },
  {
   "question": "What is the purpose of this USD 500 million LoC to Sri Lanka?",
   "answer": "The LoC is specifically for financing the purchase of petroleum products from India, as per the agreement between Exim Bank and the Government of Sri Lanka.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-182/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12254&Mode=0"
  },
  {
   "question": "What is the purpose of this USD 55 million credit line?",
   "answer": "It is a Government of India-supported Short-Term Line of Credit from Exim Bank to Sri Lanka for financing the procurement of urea fertilizer from India.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12352&Mode=0"
  },
  {
   "question": "What is the purpose of this VRR auction?",
   "answer": "RBI conducts this auction to manage short-term liquidity in the banking system, providing ₹50,000 crore for 2 days to address current and evolving liquidity conditions.",
   "page": "https://bankpulse.ai/c/rbi-doc-62950/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62950"
  },
  {
   "question": "What is the quorum requirement for board meetings under the new rules?",
   "answer": "The quorum for board meetings is one-third of the total strength of the board or three directors, whichever is higher. Additionally, at least half of the directors attending must be independent directors.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-24/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12078&Mode=0"
  },
  {
   "question": "What is the rationale behind this restriction?",
   "answer": "UCBs are primarily meant to serve low/middle income groups, small borrowers, agriculture, and small businesses. High-value PSU lending is inconsistent with cooperative principles and undermines their core mandate.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-615/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8908&Mode=0"
  },
  {
   "question": "What is the RBI cyber security framework for banks?",
   "answer": "The Reserve Bank’s cyber security framework, first set out in a June 2016 circular and strengthened since, requires every bank to put in place a board-approved cyber-security policy that is distinct from its general IT policy and proportionate to the bank’s size, complexity and risk profile. Its core building blocks include a Cyber Crisis Management Plan (CCMP) to detect, contain and recover from attacks; continuous monitoring, typically through a Security Operations Centre (SOC); a baseline set of security controls and a gap assessment against the expected maturity level; and prompt reporting of cyber incidents to the RBI within a few hours. Supervision sits with the Department of Information Technology, and comparable expectations have since been extended to urban co-operative banks, NBFCs and payment-system operators through later directions. The exact controls and timelines are set in the consolidated Master Directions and circulars linked on this page. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the RBI Integrated Ombudsman Scheme?",
   "answer": "The RBI Integrated Ombudsman Scheme (RB-IOS, 2021) is a single, cost-free grievance-redress mechanism covering banks, NBFCs and payment-system operators — 'One Nation, One Ombudsman' — replacing the earlier separate ombudsman schemes. It is administered by the Consumer Education and Protection Department; the consolidating documents are linked above.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the RBI KYC / AML Master Direction?",
   "answer": "It is the Reserve Bank's consolidated rulebook on Know Your Customer (KYC) and Anti-Money-Laundering (AML) obligations for regulated entities. It sets out customer due diligence, customer identification, beneficial-owner identification, record-keeping and suspicious-transaction reporting requirements, and is kept current through individual amending circulars in the DOR.AML series. BankPulse maps each tracked amendment back to this anchor; we never reproduce the RBI text — every entry links to its official page on rbi.org.in.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the RBI Master Direction crosswalk?",
   "answer": "It maps every RBI notification BankPulse tracks to its parent Master Direction or Master Circular family, grouped by the issuing department (DOR, DPSS, FED, FIDD and more), so you can see the whole RBI rulebook at a glance and jump to the consolidated official source.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the RBI policy corridor (SDF, repo, MSF)?",
   "answer": "The Liquidity Adjustment Facility (LAF) corridor has three rates. The repo rate (5.25%) is the policy rate in the middle. The Standing Deposit Facility (SDF) at 5.00% is the floor, where banks park surplus funds with the RBI. The Marginal Standing Facility (MSF) at 5.50% is the ceiling, where banks borrow against collateral. The corridor is symmetric at plus or minus 25 basis points around the repo rate.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the RBI reference rate for the US dollar?",
   "answer": "The RBI reference rate is a benchmark USD/INR rate published by the Reserve Bank of India on each working day, computed from a volume-weighted average of market transactions in a short window around noon. It is widely used to value foreign-currency assets and liabilities. On 17 Jun 2026 the reference rate was about 94.38 rupees per US dollar.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the RBI rule on interest rates on deposits for co-operative banks?",
   "answer": "Interest rates on deposits held by co-operative banks are governed by the Reserve Bank’s consolidated Master Direction on Interest Rate on Deposits, issued by the Department of Regulation. Within the RBI’s framework a co-operative bank is free to set its own deposit interest rates, but it must do so through a board-approved policy and apply the rates uniformly — the same rate for all customers on a deposit of a given amount and maturity, with no discrimination between otherwise similar depositors. The Direction allows a few well-defined exceptions, such as differential rates on bulk deposits above a notified threshold, an additional rate for senior citizens, and preferential rates on staff and certain non-resident deposits, while savings-account interest is calculated on the daily balance. The RBI periodically amends this Master Direction — for example to revise the bulk-deposit threshold or refine definitions — and each such amendment is folded into the consolidated text linked on this page, which always carries the exact, current terms. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the RBI's inflation target?",
   "answer": "Under India's flexible inflation-targeting framework, the Government, in consultation with the RBI, has set the CPI inflation target at 4%, with a tolerance band of plus or minus 2 percentage points (i.e. 2% to 6%). The Monetary Policy Committee (MPC) sets the policy repo rate to keep inflation around this 4% target over the medium term.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the real deposit rate?",
   "answer": "The real deposit rate is the interest rate on a bank deposit after subtracting inflation: real rate = nominal term-deposit rate minus CPI inflation. It tells a saver whether a fixed deposit actually grows their purchasing power. If a 1-year deposit pays 6.9% and CPI inflation is 4.6%, the real deposit rate is about +2.3% -- the deposit beats inflation. If inflation is higher than the deposit rate, the real rate is negative and the saver loses purchasing power even though the rupee balance grows.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the reason for the withdrawal of the Master Circular?",
   "answer": "The official conclusion of the Deendayal Antyodaya Yojana – National Urban Livelihoods Mission (DAY-NULM) on September 30, 2024",
   "page": "https://bankpulse.ai/c/rbi-2025-26-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12851&Mode=0"
  },
  {
   "question": "What is the rebooking limit for FIIs/QFIs after cancellation?",
   "answer": "FIIs/QFIs/other portfolio investors can rebook up to 10% of the value of forward contracts that have been cancelled. They can also roll over contracts on or before maturity without cancellation.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-446/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8691&Mode=0"
  },
  {
   "question": "What is the regulatory basis for this directive?",
   "answer": "It is issued under Section 10(2) read with Section 18 of the Payment and Settlement Systems Act, 2007.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12113&Mode=0"
  },
  {
   "question": "What is the reimbursement percentage for NSM installation under this scheme?",
   "answer": "Reimbursement is 50% of installation cost in urban/metropolitan areas and 75% in semi-urban and rural areas, as per the earlier circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-450/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8696&Mode=0"
  },
  {
   "question": "What is the Relationship Segment (RS) data?",
   "answer": "RS data includes information on business category and type of relationship for corporates, such as details of directors, shareholders, proprietors, partners, trustees, holding companies, subsidiary companies, and associated companies related to the borrower.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12178&Mode=0"
  },
  {
   "question": "What is the repo rate and why does it matter?",
   "answer": "The repo rate is the rate at which the Reserve Bank of India lends short-term funds to commercial banks against government securities. It is the Monetary Policy Committee's main policy lever and sets the floor for banks' cost of funds, which feeds into lending and deposit rates.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the reporting timeline for capital infusion?",
   "answer": "Banks must report any capital infusion or profit transfer/repatriation to RBI within 30 days of the action. For retained profits, the 30-day period starts from the finalisation of the overseas branch/subsidiary's annual financial statements.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-136/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12205&Mode=0"
  },
  {
   "question": "What is the reporting timeline for OTC trades in securitized debt instruments?",
   "answer": "All secondary market OTC trades must be reported on FIMMDA's platform within 15 minutes of the trade execution, effective from September 2, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-201/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8342&Mode=0"
  },
  {
   "question": "What is the return code for the statement on CIMS?",
   "answer": "The statement has been assigned return code 'R129' on the CIMS portal.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12577&Mode=0"
  },
  {
   "question": "What is the revised eligible limit for PDI instruments?",
   "answer": "The revised limit is 1.5% of Risk Weighted Assets (RWAs) as per the latest available financial statements.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12906&Mode=0"
  },
  {
   "question": "What is the Revolving Fund amount and eligibility?",
   "answer": "DAY-NRLM, MoRD, provides Revolving Fund (RF) support as corpus ranging between ₹20,000 - ₹30,000 per SHG. Eligible SHGs must be in existence for a minimum period of 3/6 months, follow Panchasutras, and not have received RF earlier.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-02/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12806&Mode=0"
  },
  {
   "question": "What is the revolving fund amount per SHG under DAY-NRLM?",
   "answer": "The revolving fund ranges from a minimum of ₹10,000 to a maximum of ₹15,000 per SHG, provided the SHG has been in existence for a minimum period of 3 or 6 months and follows Panchasutra norms.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11967&Mode=0"
  },
  {
   "question": "What is the risk management requirement for client trades?",
   "answer": "All client trades must be backed by 110% advance pay-in of funds for buy orders and securities for sell orders, as applicable.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12606&Mode=0"
  },
  {
   "question": "What is the risk weight for a new housing loan with LTV above 90%?",
   "answer": "The circular only specifies risk weights for LTV up to 90%. Loans with LTV above 90% are not covered by this circular.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-56/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11984&Mode=0"
  },
  {
   "question": "What is the risk weight for ECLGS 5.0 exposures?",
   "answer": "Exposures guaranteed under ECLGS 5.0 will attract a risk weight of zero percent to the extent of 75% of the guaranteed portion.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13504&Mode=0"
  },
  {
   "question": "What is the risk weight for ECLGS 5.0 guaranteed exposures?",
   "answer": "Zero percent for 75% of the guaranteed portion",
   "page": "https://bankpulse.ai/c/rbi-2026-27-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13503&Mode=0"
  },
  {
   "question": "What is the RoA and RoE of Indian banks?",
   "answer": "At the system level, Indian scheduled commercial banks earn an RoA of roughly 1.3-1.4% on the latest readings and an RoE of about 14-15% -- the strongest profitability in over a decade. Those averages hide a wide gap by bank group: public-sector banks typically earn an RoA of around 1% while private-sector banks earn about 1.7%, helped by wider margins and lower credit costs. These figures are rounded and approximate and individual banks vary.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the role of AD banks in this process?",
   "answer": "AD banks must ensure that the AIF has completed reporting of the issuance on the FIRMS portal and obtained a conditional acknowledgement before the AIF can approach RBI for compounding. Banks also need to inform their customers about this circular.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12686&Mode=0"
  },
  {
   "question": "What is the role of CCIL as a Financial Information Provider?",
   "answer": "CCIL will now share financial information on Government Securities held by retail investors in their Retail Direct Gilt accounts with Account Aggregators, subject to user consent.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-125/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12611&Mode=0"
  },
  {
   "question": "What is the role of CRILC in this framework?",
   "answer": "CRILC is a central repository set up by RBI to collect, store, and disseminate credit data. Banks must report credit information, including SMA classification, for borrowers with aggregate exposure of Rs 50 million and above.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-503/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8754&Mode=0"
  },
  {
   "question": "What is the role of District Industries Centres as per this circular?",
   "answer": "Banks must establish closer liaison with District Industries Centres to promote self-employment among SC/ST borrowers, as these centres are set up for that purpose.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-01/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12468&Mode=0"
  },
  {
   "question": "What is the role of FIMMDA and FEDAI under this circular?",
   "answer": "FIMMDA will administer Indian Rupee interest rate benchmarks, and FEDAI will administer forex benchmarks. They must form an independent body to avoid conflicts of interest and select benchmark submitters based on standing, market share, and representative character.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-565/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8841&Mode=0"
  },
  {
   "question": "What is the role of receiving offices under this scheme?",
   "answer": "Receiving offices (banks, post offices, stock exchanges, etc.) must accept applications, issue Form B acknowledgment, upload investor email IDs on the Ekuber portal, and follow RBI's consolidated procedural guidelines for servicing SGB investors.",
   "page": "https://bankpulse.ai/c/rbi-2023-2024-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12569&Mode=0"
  },
  {
   "question": "What is the role of the custodian in this process?",
   "answer": "The custodian must freeze all purchase transactions by the FPI in the investee company's equity instruments until the reclassification is completed, upon receiving the FPI's intent and approvals.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12749&Mode=0"
  },
  {
   "question": "What is the role of the designated officer in minority concentration districts?",
   "answer": "The officer must exclusively handle credit flow issues to minorities, publicize bank credit programs, and prepare suitable schemes in collaboration with branch managers.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12057&Mode=0"
  },
  {
   "question": "What is the rounding rule for fractions of a rupee?",
   "answer": "Fractions of 50 paise and above must be rounded up to the next higher rupee. Fractions less than 50 paise should be ignored (dropped).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-609/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8902&Mode=0"
  },
  {
   "question": "What is the scale-based regulation for NBFCs?",
   "answer": "It is a four-layer structure — base, middle, upper and top — where regulatory intensity scales with the NBFC's size, activity and interconnectedness. Upper-layer NBFCs face bank-like requirements on capital, governance and disclosure.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the scope of reporting for AD Cat-I banks?",
   "answer": "AD Cat-I banks are required to report all OTC foreign exchange derivative contracts involving INR, undertaken globally by their related parties, to the Trade Repository of CCIL.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13402&Mode=0"
  },
  {
   "question": "What is the scope of these Directions?",
   "answer": "They apply to all Payments Banks and cover asset liability management, including liquidity risk, interest rate risk, board responsibilities, and regulatory reporting.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-215/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13093&Mode=0"
  },
  {
   "question": "What is the Second Schedule of the RBI Act, 1934?",
   "answer": "It is the list of banks recognized as scheduled banks by RBI, which entitles them to certain privileges like access to RBI's lending facilities and participation in the clearing system.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12202&Mode=0"
  },
  {
   "question": "What is the Second Schedule under the RBI Act?",
   "answer": "It is the official list of banks recognized under Section 42 of the RBI Act, 1934. Inclusion grants them statutory status and access to central banking facilities like clearing and refinance.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-505/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8757&Mode=0"
  },
  {
   "question": "What is the sectoral deployment of bank credit in India?",
   "answer": "Sectoral deployment of bank credit is the RBI's monthly breakdown of how outstanding non-food bank credit is distributed across the economy. Broadly, personal (retail) loans account for about 33%, services about 28%, industry about 22% and agriculture & allied activities about 13% of non-food bank credit. For the exact latest figures, see the RBI sectoral deployment release linked on the dashboard.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the Security Incident Tracking Platform?",
   "answer": "It is a platform developed by IDRBT, hosted on INFINET, where banks can anonymously report information security incidents to enable industry-wide sharing and threat intelligence.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-501/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8753&Mode=0"
  },
  {
   "question": "What is the settlement timeframe for the guaranteed portion?",
   "answer": "Within 30 days from the date of invocation",
   "page": "https://bankpulse.ai/c/rbi-2026-27-137/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13508&Mode=0"
  },
  {
   "question": "What is the significance of deleting paragraph 172(3)(ii)?",
   "answer": "The deletion removes a specific provision from the Directions, likely simplifying regulatory requirements. Banks should check if any related reporting or compliance obligations are affected.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13395&Mode=0"
  },
  {
   "question": "What is the significance of the allotment amounts?",
   "answer": "The allotment amounts indicate the amount of securities allocated to investors and the corresponding investment returns.",
   "page": "https://bankpulse.ai/c/rbi-doc-62945/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62945"
  },
  {
   "question": "What is the significance of the cut-off rate?",
   "answer": "The cut-off rate is the minimum interest rate at which the RBI is willing to lend money to banks.",
   "page": "https://bankpulse.ai/c/rbi-doc-62943/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62943"
  },
  {
   "question": "What is the significance of the UNSC press release SC/14850 for Indian banks?",
   "answer": "It provides specific amendments to two sanctions list entries—an individual and an entity—which banks must incorporate into their screening processes to avoid violating UAPA, 1967.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12284&Mode=0"
  },
  {
   "question": "What is the significance of this deletion for my bank?",
   "answer": "It means you must remove this individual from your internal sanctions watchlist and unfreeze any accounts or assets that were frozen solely because of this UNSC listing. Failure to update could lead to compliance gaps.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-153/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12224&Mode=0"
  },
  {
   "question": "What is the significance of this UNSC list update for my bank?",
   "answer": "It means you must remove the delisted individual from your internal sanctions watchlist and stop applying asset freeze measures to that person. However, you must continue to screen against the full updated list for all other entries.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-121/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12788&Mode=0"
  },
  {
   "question": "What is the simplified procedure for deceased depositor claims mentioned in the circular?",
   "answer": "The circular references a 2005 directive (RPCD.CO.RRB.BC.22/03.05.33/2005-06) that specifies a simplified procedure for settling claims of deceased depositors. RRBs must follow that procedure strictly.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-245/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8400&Mode=0"
  },
  {
   "question": "What is the simplified procedure for deceased depositor claims?",
   "answer": "The procedure was specified in RBI circular DBOD.No.Leg.BC.95/09.07.005/2004-05 dated June 9, 2005. Banks must refer to that circular for details.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-214/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8363&Mode=0"
  },
  {
   "question": "What is the single-mode presence criterion?",
   "answer": "Foreign banks must choose between WOS and branch mode, with no option to operate in both modes.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-144/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13167&Mode=0"
  },
  {
   "question": "What is the SIT and why does it need information from UCBs?",
   "answer": "The Special Investigation Team (SIT) was constituted by the Government of India following a Supreme Court judgment to investigate certain matters. UCBs are required to share information as part of the SIT's mandate to ensure full cooperation from all state entities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-655/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8957&Mode=0"
  },
  {
   "question": "What is the source of the 92 amended entries?",
   "answer": "The UNSC Committee established under Resolutions 1267, 1989, and 2253 issued press release SC/14446 on February 23, 2021, amending 92 entries in the ISIL (Da'esh) & Al-Qaida Sanctions List. The MEA forwarded this to RBI.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12035&Mode=0"
  },
  {
   "question": "What is the source of the fit and proper criteria for CEOs of Multi-State UCBs?",
   "answer": "The criteria were prescribed by the Government of India, Ministry of Agriculture, in circular No R-11017/17/2011-L&M dated August 16, 2011, based on TAFCUB recommendations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-506/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8758&Mode=0"
  },
  {
   "question": "What is the source of the updated AML/CFT guidance?",
   "answer": "The Financial Action Task Force (FATF) issued the updated statement on October 18, 2013, which RBI has enclosed for reference.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-431/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8675&Mode=0"
  },
  {
   "question": "What is the source of the updated AML/CFT information?",
   "answer": "The Financial Action Task Force (FATF) updated its statement and compliance document on June 21, 2013, which is referenced in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-257/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8414&Mode=0"
  },
  {
   "question": "What is the source of the updated designated list?",
   "answer": "The UNSC Committee established under resolution 1718(2006) amended its Sanctions List for DPRK and Iran. RBI has communicated these changes to regulated entities.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12522&Mode=0"
  },
  {
   "question": "What is the source of the updated information?",
   "answer": "The Financial Action Task Force (FATF) issued the updated statement on October 18, 2013, which is available on FATF's website.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-384/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8597&Mode=0"
  },
  {
   "question": "What is the source of the updated list?",
   "answer": "The list is the 22nd update from the UN Security Council's 1267/1989 Al-Qaida Sanctions Committee, forwarded by the Ministry of External Affairs. It is available on the UN website at the URLs provided in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-271/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8435&Mode=0"
  },
  {
   "question": "What is the source of the updated sanctions list?",
   "answer": "The list is the UN Security Council's 1267/1989 Committee's Al-Qaida Sanctions List, updated via the 19th note dated August 6, 2013. The full list is available on the UN website at the URLs provided in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-196/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8337&Mode=0"
  },
  {
   "question": "What is the source of these sanctions list updates?",
   "answer": "The updates are from the UN Security Council's 1267/1989 Committee, forwarded by the Ministry of External Affairs. The full lists are available on the UN website.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-208/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8354&Mode=0"
  },
  {
   "question": "What is the source of this sanctions list update?",
   "answer": "The update is from the UN Security Council's 1267/1989 Committee, forwarded by the Ministry of External Affairs. The full list is available on the UN website.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-235/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8389&Mode=0"
  },
  {
   "question": "What is the source of this sanctions update?",
   "answer": "The Ministry of External Affairs informed RBI about UNSC press release SC/16197 dated October 21, 2025, which amended one entry on the ISIL & Al-Qaida Sanctions List.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-94/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12918&Mode=0"
  },
  {
   "question": "What is the source of this update?",
   "answer": "The Ministry of External Affairs informed RBI about UNSC press release SC/15916 dated December 2, 2024, which amended three entries on the ISIL (Da'esh) and Al-Qaida Sanctions List.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12751&Mode=0"
  },
  {
   "question": "What is the source of this updated sanctions list?",
   "answer": "The list is the 19th update from the UN Security Council's 1267/1989 Committee, received via the Ministry of External Affairs. The full list is available on the UN website at the URLs provided in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-182/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8307&Mode=0"
  },
  {
   "question": "What is the sourcing requirement for contracts under this LoC?",
   "answer": "At least 75% of the contract price must be supplied from India; the remaining 25% may be procured from outside India.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11992&Mode=0"
  },
  {
   "question": "What is the sourcing requirement for goods under this credit?",
   "answer": "At least 75% of the contract price must be supplied from India; the remaining 25% can be procured from outside India.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12405&Mode=0"
  },
  {
   "question": "What is the sourcing requirement for goods under this LoC?",
   "answer": "At least 75% of the contract price must be supplied from India. The remaining 25% can be procured from outside India for the eligible contract.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-182/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12254&Mode=0"
  },
  {
   "question": "What is the Special Currency Basket and why does its value change?",
   "answer": "The Special Currency Basket is a reference rate used for settlements under the Deferred Payment Protocols between India and the erstwhile USSR. Its value is revised periodically by RBI based on exchange rate movements.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-294/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8467&Mode=0"
  },
  {
   "question": "What is the Special Currency Basket and why was its Rupee value revised?",
   "answer": "The Special Currency Basket is a reference rate used under the Deferred Payment Protocols between India and the erstwhile USSR for settling trade debts. The Rupee value was revised from Rs.86.903352 to Rs.83.819978 effective October 17, 2013, reflecting changes in currency valuations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-333/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8521&Mode=0"
  },
  {
   "question": "What is the Special Currency Basket and why was its value revised?",
   "answer": "The Special Currency Basket is a reference rate used for settlements under the Deferred Payment Protocols between India and the erstwhile USSR. Its value was revised from Rs.80.972091 to Rs.83.45023 effective August 12, 2013, reflecting changes in currency valuations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-188/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8313&Mode=0"
  },
  {
   "question": "What is the Special Currency Basket mentioned in this circular?",
   "answer": "It is a composite currency unit used to value deferred payment obligations under the 1981 and 1985 protocols between India and the erstwhile USSR, with its Rupee value periodically revised by RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-275/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8439&Mode=0"
  },
  {
   "question": "What is the Special Currency Basket?",
   "answer": "It is a basket of currencies used to determine the Rupee value for settlements under the Deferred Payment Protocols between India and the erstwhile USSR.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-223/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8372&Mode=0"
  },
  {
   "question": "What is the specific action required for this new UAPA listing?",
   "answer": "You must immediately identify any accounts or transactions involving Mohammad Qasim Gujjar, freeze them, and report to FIU-IND and MHA as per Section 51(b) of the KYC Master Direction.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12621&Mode=0"
  },
  {
   "question": "What is the Standing Liquidity Facility for Primary Dealers?",
   "answer": "It is a collateralised liquidity support provided by RBI to Primary Dealers, now priced at the repo rate. The rate cut reduces their cost of funds.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-24/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12833&Mode=0"
  },
  {
   "question": "What is the status of the earlier NOF-linked ceiling for NBFCs?",
   "answer": "The ceiling on bank credit linked to Net Owned Fund (NOF) has been withdrawn for all NBFCs registered with RBI, allowing banks to extend need-based facilities.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-149/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12218&Mode=0"
  },
  {
   "question": "What is the Statutory Liquidity Ratio and why does it matter?",
   "answer": "The SLR is the minimum share of a bank's net demand and time liabilities that it must hold in safe, liquid assets such as cash, gold and approved government securities. It safeguards bank solvency, channels funds toward government borrowing, and acts as a quantitative liquidity tool alongside the CRR.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the subvention cap per exporter and from when does it apply?",
   "answer": "The annual net subvention amount is capped at Rs 10 crore per Importer-Exporter Code (IEC) per financial year. This cap applies to all disbursements from April 1, 2023 onwards.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12610&Mode=0"
  },
  {
   "question": "What is the target for lending to weaker sections under PSL?",
   "answer": "For FY 2023-24, banks must lend 12% of ANBC or credit equivalent of OBE (whichever is higher) to weaker sections, which includes minority communities.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-02/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12467&Mode=0"
  },
  {
   "question": "What is the terminal utilization period for this LoC?",
   "answer": "The terminal utilization period is 60 months after the scheduled completion date of the project, effective from September 30, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11977&Mode=0"
  },
  {
   "question": "What is the threshold for 'major shareholding' under this direction?",
   "answer": "Major shareholding means an aggregate holding of five per cent or more of the paid-up share capital or voting rights in a banking company by a person.",
   "page": "https://bankpulse.ai/c/rbi-dor-2022-23-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12439&Mode=0"
  },
  {
   "question": "What is the threshold for 'significant influence' under this circular?",
   "answer": "The circular defines significant influence as 20% or more of voting power (including potential voting power from convertible instruments or contingent rights). New investors from FATF non-compliant jurisdictions must stay below this threshold.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12027&Mode=0"
  },
  {
   "question": "What is the threshold for aggregate exposure that triggers the stricter current account rules?",
   "answer": "The threshold is ₹5 crore for borrowers availing CC/OD facilities. If a borrower's total exposure from the banking system is less than ₹5 crore, banks can open current accounts without restrictions, subject to an undertaking. If it is ₹5 crore or more, the borrower can open a current account only with a lender that holds at least 10% of that exposure (or the highest exposure CC/OD lender if none has 10%).",
   "page": "https://bankpulse.ai/c/rbi-2022-23-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12293&Mode=0"
  },
  {
   "question": "What is the threshold for board approval on loans to directors?",
   "answer": "Loans and advances aggregating ₹5 crore and above to directors, their relatives, or entities where they are interested require sanction from the Board of Directors or a committee of directors.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12294&Mode=0"
  },
  {
   "question": "What is the threshold for disclosing items under 'Other Liabilities' or 'Other Assets'?",
   "answer": "Any item under these heads that exceeds one per cent of total assets must be disclosed in the notes to accounts.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-155/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12426&Mode=0"
  },
  {
   "question": "What is the threshold for exposures to be reported in this repository?",
   "answer": "The repository captures system-wide exposures (both fund and non-fund based) of individuals and entities exceeding Rs 10 crore, as reported in the Return on Large Borrowers (Form A, Part D).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-250/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8405&Mode=0"
  },
  {
   "question": "What is the threshold for LEI requirement in RTGS/NEFT?",
   "answer": "The LEI is mandatory for all payment transactions of ₹50 crore and above undertaken by non-individual entities using RTGS or NEFT.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12010&Mode=0"
  },
  {
   "question": "What is the threshold for mandatory LEI in cross-border transactions?",
   "answer": "The LEI is mandatory for resident non-individual entities for any capital or current account transaction under FEMA of ₹50 crore and above per transaction, effective October 1, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-137/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12206&Mode=0"
  },
  {
   "question": "What is the threshold for reporting a large defaulter under these directions?",
   "answer": "The threshold is ₹1 crore, including unapplied interest. For suit-filed accounts, the threshold is based on the amount for which the suit is filed.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-376/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12928&Mode=0"
  },
  {
   "question": "What is the threshold for reporting client currency swaps and FCY FRA/IRS?",
   "answer": "The threshold is USD 1 million or equivalent in other currencies, applied to the base currency at origination using the CCIL currency matrix. Trades at or above this threshold must be reported; post-trade events are exempt from the threshold.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-400/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8619&Mode=0"
  },
  {
   "question": "What is the threshold for reporting cross border wire transfers under this circular?",
   "answer": "The threshold is Rs. 5 lakh or its equivalent in foreign currency, where either the origin or destination of the funds is in India.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-573/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8851&Mode=0"
  },
  {
   "question": "What is the threshold for reporting cross border wire transfers?",
   "answer": "The threshold is Rs. 5 lakh or its equivalent in foreign currency, where either the origin or destination of the funds is in India.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-544/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8811&Mode=0"
  },
  {
   "question": "What is the threshold for reporting cross-border wire transfers?",
   "answer": "All cross-border wire transfers of more than Rs. 5 lakh or equivalent in foreign currency, where either the origin or destination is in India, must be reported.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-572/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8850&Mode=0"
  },
  {
   "question": "What is the threshold for reporting to CRILC?",
   "answer": "All borrowers with aggregate fund-based and non-fund based exposure of ₹50 million (₹5 crore) and above must be reported.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-601/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8894&Mode=0"
  },
  {
   "question": "What is the threshold for the simplified closure procedure?",
   "answer": "The simplified procedure applies to entries or bills in EDPMS/IDPMS with a value of ₹10 lakh or less per entry/bill.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12908&Mode=0"
  },
  {
   "question": "What is the timeline for compliance with these guidelines?",
   "answer": "Co-operative banks must complete a self-assessment of existing outsourcing arrangements and bring them in line with the guidelines within six months from the date of the circular (June 28, 2021).",
   "page": "https://bankpulse.ai/c/rbi-2021-22-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12123&Mode=0"
  },
  {
   "question": "What is the timeline for NBFCs to implement the upgrade rule?",
   "answer": "NBFCs have until September 30, 2022, to put in place necessary systems for the provision that loan accounts can be upgraded only if entire arrears are paid. Other instructions apply as per earlier timelines.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-158/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12230&Mode=0"
  },
  {
   "question": "What is the timeline for RBI to respond to an application?",
   "answer": "RBI will endeavour to respond within 45 calendar days after receiving complete details from both the entities, except for cases involving overseas principals under the Money Transfer Service Scheme.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12348&Mode=0"
  },
  {
   "question": "What is the timing for the special clearing on March 31, 2025?",
   "answer": "Presentation session runs from 5:00 PM to 5:30 PM, and return session from 7:00 PM to 7:30 PM.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-134/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12803&Mode=0"
  },
  {
   "question": "What is the Top Layer and when is it used?",
   "answer": "The Top Layer is intended to remain empty but can be populated if RBI determines that specific NBFCs in the Upper Layer pose substantially increased systemic risk. Such NBFCs would be moved from the Upper Layer to the Top Layer.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12179&Mode=0"
  },
  {
   "question": "What is the total amount of this Line of Credit?",
   "answer": "The LOC is for USD 19.50 million, as per the agreement between Exim Bank and the Government of Vietnam.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-462/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8710&Mode=0"
  },
  {
   "question": "What is the total MSF borrowing limit under this relaxation?",
   "answer": "Banks can borrow under MSF by dipping into SLR up to an additional 1% of NDTL, making the cumulative limit 3% of NDTL.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12021&Mode=0"
  },
  {
   "question": "What is the total value of the Line of Credit to Comoros?",
   "answer": "The LOC is for USD 41.60 million, as per the agreement dated February 22, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-189/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8314&Mode=0"
  },
  {
   "question": "What is the total value of the Line of Credit to Malawi?",
   "answer": "The LoC is for USD 215.68 million, as per the agreement between Exim Bank and the Government of Malawi dated June 12, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11966&Mode=0"
  },
  {
   "question": "What is the total value of this Line of Credit?",
   "answer": "The LOC is for USD 19.72 million, as per the agreement between Exim Bank and the Government of Mozambique.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-352/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8546&Mode=0"
  },
  {
   "question": "What is the two-stage approval process?",
   "answer": "First, RBI grants in-principle approval subject to conditions. After completing required processes, the bank approaches NABARD and RBI for final approval with a compliance report.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12096&Mode=0"
  },
  {
   "question": "What is the UN 1988 Sanctions List?",
   "answer": "It is a list maintained by the UN Security Council's 1988 Committee of individuals and entities associated with the Taliban, subject to asset freezes and other sanctions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-310/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8488&Mode=0"
  },
  {
   "question": "What is the UNSC's 1988 (2011) Taliban Sanctions List?",
   "answer": "The UNSC's 1988 (2011) Taliban Sanctions List is a list of individuals and entities associated with the Taliban, subject to assets freeze, travel ban, and arms embargo.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13372&Mode=0"
  },
  {
   "question": "What is the US Dollar-Rupee swap facility?",
   "answer": "The US Dollar-Rupee swap facility is a facility introduced by RBI as per the Governor's Statement dated June 5, 2026, to support the mobilization of fresh FCNR(B) dollar funds.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13472&Mode=0"
  },
  {
   "question": "What is the utilization period for this credit line?",
   "answer": "The terminal utilization period is 6 months from the agreement date (June 20, 2022), extendable up to 12 months with Exim Bank's consent.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12352&Mode=0"
  },
  {
   "question": "What is the validity period for raising overseas borrowings under this circular?",
   "answer": "The borrowings must be raised between July 8, 2022, and October 31, 2022, both dates inclusive.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12356&Mode=0"
  },
  {
   "question": "What is the validity period of the KFS?",
   "answer": "For loans with a tenor of seven days or more, the KFS is valid for at least three working days. For loans with a tenor of less than seven days, the validity is one working day. The lender is bound by the terms in the KFS if the borrower agrees within this period.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12663&Mode=0"
  },
  {
   "question": "What is the validity period of this Line of Credit?",
   "answer": "The LoC is effective from November 7, 2022, and the terminal utilization period is 48 months from the scheduled completion date of the project.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-137/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12409&Mode=0"
  },
  {
   "question": "What is the validity period of this LoC?",
   "answer": "The LoC is effective from December 7, 2021, and the terminal utilization period is 60 months after the scheduled completion date of the project.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-141/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12210&Mode=0"
  },
  {
   "question": "What is the value and purpose of this Line of Credit?",
   "answer": "The LoC is USD 23.37 million from Exim Bank to the Government of Guyana, for procuring two Hindustan 228-201 aircraft from Hindustan Aeronautics Ltd.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12692&Mode=0"
  },
  {
   "question": "What is the Variable Rate Repo auction?",
   "answer": "The Variable Rate Repo auction is a mechanism used by RBI to inject liquidity into the market by selling securities to banks and financial institutions at a variable rate.",
   "page": "https://bankpulse.ai/c/rbi-doc-62949/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62949"
  },
  {
   "question": "What is the view-only banking facility?",
   "answer": "It allows banking services that do not alter the asset or liability of the customer, such as balance enquiry, balance viewing, and account statement download. Loans, funds transfers, and other such facilities are not permitted.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-382/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13101&Mode=0"
  },
  {
   "question": "What is the WACR (Weighted Average Call Rate)?",
   "answer": "The Weighted Average Call Rate (WACR) is the average interest rate, weighted by transaction volume, at which banks borrow and lend overnight funds in the uncollateralised call money market. Since 2014 the RBI has used the WACR as the operating target of monetary policy, steering it close to the policy repo rate through liquidity operations.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the Ways and Means Advances (WMA) facility?",
   "answer": "Ways and Means Advances (WMA) are temporary, short-term loans the Reserve Bank gives the central and state governments to bridge mismatches between their receipts and payments, under the RBI's role as banker to government operated through the Department of Government and Bank Accounts. WMA is meant only to smooth day-to-day cash flow, not to finance the budget deficit: each advance must be repaid within a few months, the RBI fixes WMA limits for the Centre and for each state from time to time, and interest is charged broadly at the repo rate. When a government overshoots its WMA limit it moves to a higher-cost overdraft, which signals fiscal stress and is capped in both size and number of days. WMA therefore differs from the government's market borrowing programme — the issue of dated securities and Treasury Bills — which is managed separately under Internal Debt Management. The exact limits and terms are revised periodically and are set out in the circulars linked on this page. This is general information, not advice. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What is the web link and how do I get credentials?",
   "answer": "The web link is https://edpms.rbi.org.in/edpms. User credentials have already been shared with AD banks; contact your RBI regional office if not received.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-507/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8759&Mode=0"
  },
  {
   "question": "What is the weighted average rate for the auction?",
   "answer": "The weighted average rate for the auction is 5.26%.",
   "page": "https://bankpulse.ai/c/rbi-doc-62951/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62951"
  },
  {
   "question": "What is the weighted average rate in the overnight segment?",
   "answer": "5.26%",
   "page": "https://bankpulse.ai/c/rbi-2025-26-148/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62942"
  },
  {
   "question": "What is the working capital assessment method for micro and small enterprises under this circular?",
   "answer": "For MSEs requiring fund-based working capital up to ₹5 crore, assessment can be based on projected annual turnover, with the bank providing at least 20% of turnover as finance.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12827&Mode=0"
  },
  {
   "question": "What is the ₹50 lakh contribution for?",
   "answer": "The Supreme Court order mandates that transferee banks of credit institutions merged between October 1991 and March 1997 must contribute ₹50 lakh each to the Trust Fund, as part of settling interest tax liabilities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-579/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8860&Mode=0"
  },
  {
   "question": "What is Unique Transaction Identifier (UTI)?",
   "answer": "UTI is a unique identifier assigned to an OTC derivative transaction under specified Governing Directions to enhance market transparency and regulatory oversight.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-222/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13307&Mode=0"
  },
  {
   "question": "What items are included in the new capital market exposure disclosure?",
   "answer": "The table covers ten items: direct investments in equity/preference shares, convertible bonds/debentures, units of non-debt mutual funds, REITs, InvITs, and AIFs; advances for share investment; advances secured by shares; advances collateralized by shares; credit to capital market intermediaries; financing to non-debt mutual funds; loans for acquiring promoters' shares in infrastructure companies; underwriting commitments; irrevocable payment commitments; and trade exposures of clearing member banks.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-219/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13303&Mode=0"
  },
  {
   "question": "What key areas are covered in the updated directions?",
   "answer": "The directions cover governance requirements for domestic CCPs, including board composition, definitions, and likely capital and recognition frameworks as per the annex.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12744&Mode=0"
  },
  {
   "question": "What key clause must be included in lease/rental agreements?",
   "answer": "The policy must require that agreements for acquiring or letting out premises on rental or lease basis incorporate a suitable exit clause.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-559/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8831&Mode=0"
  },
  {
   "question": "What key conditions apply when appointing an NBFC-ND as BC?",
   "answer": "Banks must ensure no commingling of funds, a specific contract to manage conflicts of interest, and no restrictive practices like forced bundling or limiting services to NBFC-ND's own customers.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-653/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8955&Mode=0"
  },
  {
   "question": "What key conditions must banks check before sanctioning a home loan for construction?",
   "answer": "Banks must obtain a copy of the sanctioned building plan in the applicant's name and an affidavit-cum-undertaking that construction will follow the plan.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-171/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12243&Mode=0"
  },
  {
   "question": "What key information must be displayed to customers on third-party platforms?",
   "answer": "The AD's name, roles, FX rate with timestamp and validity, total cost with break-up (interbank rate and mark-up), exact foreign currency credit amount, maximum credit time, and grievance redressal contact details.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13449&Mode=0"
  },
  {
   "question": "What key new disclosures are introduced for smaller UCBs?",
   "answer": "They must now disclose CRAR movement, issuer composition of non-SLR investments, restructured advances, and DICGC premium payment status, among others.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-531/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8786&Mode=0"
  },
  {
   "question": "What legal authority does RBI use for this direction?",
   "answer": "RBI exercises powers under sections 45L and 45MA of the RBI Act, 1934, and sections 30, 30A, 32, and 33 of the National Housing Bank Act, 1987.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12030&Mode=0"
  },
  {
   "question": "What legal basis does this circular have?",
   "answer": "It is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999, and does not override other applicable laws.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-151/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12423&Mode=0"
  },
  {
   "question": "What limits apply to new 14-year and 30-year G-Sec investments by FPIs?",
   "answer": "New issuances will be subject to the investment limits and conditions prescribed in AP DIR Series Circular No. 03 dated April 26, 2024, or Circular No. 22 dated February 10, 2022, as amended.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-56/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12712&Mode=0"
  },
  {
   "question": "What messaging standard does the new RTGS use?",
   "answer": "The new system adopts the ISO 20022 messaging standard, as referenced in the earlier circular from December 31, 2012.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-324/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8508&Mode=0"
  },
  {
   "question": "What must a card issuer disclose before charging interest?",
   "answer": "Issuers must clearly show the billing cycle, the way interest is computed on unpaid balances, and all fees and charges, so a cardholder can see the true cost of revolving credit before they incur it.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What must an FBA do to comply?",
   "answer": "An FBA must be a company incorporated in India, ensure it is authorized by RBI, and follow the governance and methodology requirements. It should also classify its benchmarks as significant or non-significant based on RBI notifications.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12581&Mode=0"
  },
  {
   "question": "What must banks do to trace customers of unclaimed deposits?",
   "answer": "Banks must implement proactive measures to locate account holders, nominees, or legal heirs using available contact details, and facilitate reactivation or claim settlement.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12589&Mode=0"
  },
  {
   "question": "What must FBIL do within three months?",
   "answer": "FBIL must apply to RBI for authorization to continue administering MMIFOR as a significant benchmark, as per paragraph 3(ii) of the 2019 Directions.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-142/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12414&Mode=0"
  },
  {
   "question": "What must NBFC-BL do under the updated norms?",
   "answer": "NBFC-BL must put in place an internal Board-approved policy for credit/investment concentration limits for both single borrower/party and single group of borrowers/parties, as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12598&Mode=0"
  },
  {
   "question": "What must our board-approved policy include for compromise settlements?",
   "answer": "The policy must cover permissible sacrifice for various exposure categories, methodology for realizable value of security, conditions precedent like minimum ageing, and a graded staff accountability framework with reasonable thresholds and timelines.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12513&Mode=0"
  },
  {
   "question": "What must RRBs ensure in their agreements with service providers?",
   "answer": "Agreements must guarantee that infrastructure and applications are available for audit/inspection by RBI and NABARD, and that all legal and regulatory requirements regarding data location and cross-border movement are met.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-335/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8524&Mode=0"
  },
  {
   "question": "What must the board consider before declaring dividends?",
   "answer": "The board must assess current and projected capital, provision adequacy, economic environment, and profitability outlook.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-23/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12077&Mode=0"
  },
  {
   "question": "What must UCBs do to implement this?",
   "answer": "UCBs must create a distinct product code in their Core Banking Solution for these accounts, so the system does not treat them as inoperative. They must also continue due diligence on transactions to prevent fraud.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-300/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8473&Mode=0"
  },
  {
   "question": "What must UCBs include in agreements with service providers?",
   "answer": "Agreements must ensure that RBI has audit/inspection access to all IT resources used by the bank, even if those resources are not physically located on bank premises.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-327/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8515&Mode=0"
  },
  {
   "question": "What new data element is added to the reporting proforma?",
   "answer": "A separate column for 'Transfers from NRO to NRE account' has been added, in addition to sale proceeds of immovable property and other assets.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-496/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8748&Mode=0"
  },
  {
   "question": "What new financing activities are now permitted?",
   "answer": "Banks may provide acquisition and bridge financing to promoters of newly formed companies, and they may extend loans to individuals secured by eligible securities.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-258/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13350&Mode=0"
  },
  {
   "question": "What operational guidelines must banks follow?",
   "answer": "Banks must follow the consolidated procedural/operational guidelines issued via circular IDMD.CDD.2730/14.04.050/2019-20 dated April 13, 2020, available on RBI website.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11980&Mode=0"
  },
  {
   "question": "What other facilities must be provided for persons with disabilities?",
   "answer": "Magnifying glasses must be available at all branches for low-vision customers, and a notice about their availability and other disability facilities should be displayed prominently.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-637/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8936&Mode=0"
  },
  {
   "question": "What payment methods are allowed for these share purchases?",
   "answer": "Payment can be made via inward remittance, debit to NRE/FCNR account, debit to a non-interest bearing escrow account with an AD bank, or out of dividend payable by the investee company (credited to a designated rupee account).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-232/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8386&Mode=0"
  },
  {
   "question": "What penalties can banks face for non-compliance with NEFT guidelines?",
   "answer": "RBI views non-adherence seriously under the Payment and Settlement Systems Act, 2007. Penalties may include monetary fines, restrictions on NEFT operations, or other regulatory actions as deemed fit.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-457/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8703&Mode=0"
  },
  {
   "question": "What products are defined under this Direction?",
   "answer": "It defines bond forwards, credit default swaps, currency swaps, foreign exchange forwards, and foreign exchange call options (European), among others.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2021-22-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12163&Mode=0"
  },
  {
   "question": "What protections apply to digital personal loans?",
   "answer": "Digital lending rules require that funds flow directly between the borrower and the regulated lender, that all fees be disclosed up front in a Key Facts Statement, and that recovery and data-use practices meet defined standards. The cluster pages track each instruction.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What protects customers against unauthorised digital transactions?",
   "answer": "The limited-customer-liability framework caps a customer's loss for unauthorised electronic transactions reported within defined timelines, shifting the burden to the institution. The relevant direction is linked below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What provision is required after implementing the restructuring plan?",
   "answer": "Lending institutions must keep a provision of 10% of the residual debt of the borrower upon implementation of the restructuring plan.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12086&Mode=0"
  },
  {
   "question": "What provisioning and risk weight apply to CRE-RH advances?",
   "answer": "Standard asset provisioning of 0.75% and a risk weight of 75% must be maintained for CRE-RH advances. Banks also need a Board-approved policy and half-yearly portfolio review.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12335&Mode=0"
  },
  {
   "question": "What prudential limits apply to RRBs in this market?",
   "answer": "The same prudential limits and guidelines that apply to Scheduled Commercial Banks under the RBI Master Direction on money market instruments, as amended, will apply to RRBs.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12006&Mode=0"
  },
  {
   "question": "What prudential norms apply to these products?",
   "answer": "All applicable norms like capital adequacy, exposure limits, and valuation. You must follow the more stringent of host or home regulations. If RBI norms don't cover a product, seek specific guidance from RBI.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-145/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12417&Mode=0"
  },
  {
   "question": "What qualifies as a 'fixed-point service delivery unit'?",
   "answer": "It is a place where the NBFC conducts non-banking financial intermediation, manned by own staff or outsourced agents, with uniform signage and under administrative control. Administrative offices and back offices without direct customer interface are excluded.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-175/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12247&Mode=0"
  },
  {
   "question": "What qualifies as a calamity?",
   "answer": "The RBI does not provide a strict definition in the amendment; banks are expected to interpret based on events that may impact borrowers.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13413&Mode=0"
  },
  {
   "question": "What qualifies as a CRE-RH loan?",
   "answer": "Loans to builders/developers for residential housing projects under CRE, excluding captive consumption, where commercial area (e.g., shops, schools) does not exceed 10% of total Floor Space Index (FSI). Integrated projects with up to 10% commercial space qualify; beyond that, it remains CRE.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-465/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8713&Mode=0"
  },
  {
   "question": "What qualifies as a digital banking product for DBUs?",
   "answer": "Products with nearly end-to-end digital lifecycle, where initial customer acquisition and delivery happen digitally via self-service or assisted self-service, are considered digital banking products.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-19/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12285&Mode=0"
  },
  {
   "question": "What qualifies as a professional director for a UCB?",
   "answer": "A professional director must have suitable banking experience at middle or senior management level, or a relevant professional qualification in law, accountancy, or finance.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12813&Mode=0"
  },
  {
   "question": "What qualifies as a QFC under this notification?",
   "answer": "Derivatives and repo/reverse repo transactions as defined under Section 45(U) of the RBI Act, 1934, as notified by RBI on March 9, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12048&Mode=0"
  },
  {
   "question": "What qualifies as an 'inoperative account' for this rule?",
   "answer": "The circular does not define 'inoperative account' explicitly. Banks should refer to their existing policies or regulatory definitions for determining inoperative accounts.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-592/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8878&Mode=0"
  },
  {
   "question": "What qualifies as an unbanked rural centre?",
   "answer": "An unbanked rural centre is a Tier 5 or Tier 6 centre that does not have a brick-and-mortar branch of any scheduled commercial bank for customer-based banking transactions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-274/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8438&Mode=0"
  },
  {
   "question": "What RBI guidelines must banks comply with in relation to the UNSC sanctions list?",
   "answer": "Banks must comply with the RBI's Know Your Customer Directions, 2025 (dated November 28, 2025, as amended on December 29, 2025), and Section 51A of the Unlawful Activities (Prevention) Act, 1967, including the UAPA Order dated February 02, 2021 (amended on April 22, 2024).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-225/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13310&Mode=0"
  },
  {
   "question": "What RBI rules apply most directly to Loan Against Property?",
   "answer": "LAP is governed mainly through the fair lending practices code, interest-rate and Key Facts Statement transparency requirements, valuation and prudential norms for secured exposures, and the rules on penal charges, foreclosure and resetting of floating rates. The exact obligations differ slightly between banks, HFCs and NBFCs.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What records do we need to maintain for 'at par' cheque issuance?",
   "answer": "You must keep records of the applicant's name and account number, beneficiary details, and date of issuance. Also ensure sufficient balance or drawing arrangements with the commercial bank.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-344/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8538&Mode=0"
  },
  {
   "question": "What records must we maintain for at-par cheque issuance?",
   "answer": "You must keep records of the applicant's name and account number, beneficiary details, and the date of issuance for each at-par cheque.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-332/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8520&Mode=0"
  },
  {
   "question": "What records must we maintain internally?",
   "answer": "You must maintain details of approvals granted for opening Trading Office, Non-Trading Office, Branch Office, or Representative Office abroad.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-285/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8450&Mode=0"
  },
  {
   "question": "What regulations govern this lending?",
   "answer": "The lending is governed by the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018, as amended by Notification No. FEMA 3(R)2/2021-RB dated May 24, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12106&Mode=0"
  },
  {
   "question": "What relief is available for working capital facilities?",
   "answer": "REs may defer recovery of interest applied on CC/OD facilities during the effective period (Sep 1 to Dec 31, 2025). Interest accrues on simple basis without compounding. Accumulated interest can be converted into a funded interest term loan repayable by September 30, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12921&Mode=0"
  },
  {
   "question": "What relief measures can we offer to customers during a calamity?",
   "answer": "At your discretion, you may waive or reduce various fees and charges for customers in the declared calamity area, for a period not exceeding one year. This is not mandatory but permitted.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13434&Mode=0"
  },
  {
   "question": "What relief measures can we offer to customers in calamity areas?",
   "answer": "At your discretion, you may waive or reduce various fees and charges for customers in declared calamity areas, but this relief cannot exceed one year.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13410&Mode=0"
  },
  {
   "question": "What repayment structures are prohibited?",
   "answer": "Bullet or ballooning repayment structures are not allowed, meaning principal repayments cannot be disproportionately concentrated at the end of the loan tenure. However, repayment schedules can be aligned with projected cash flows. This restriction does not apply to exposures through bonds, debentures, or commercial paper.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13482&Mode=0"
  },
  {
   "question": "What replaced the tripartite agreement requirement for third-party payments?",
   "answer": "AD banks can now accept documentary evidence showing the circumstances for third-party payments or that the third party's name appears on the irrevocable order or invoice.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-479/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8731&Mode=0"
  },
  {
   "question": "What reporting is required after closing these bills?",
   "answer": "AD banks must submit a report of closed cases to the concerned RBI Regional Office in an Excel sheet following the format provided in the circular's annex. After closure, these bills will not be reported in future Export Outstanding Statements (XOS).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-325/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8509&Mode=0"
  },
  {
   "question": "What reporting is required for large advances?",
   "answer": "Any receipt of advance of USD 100 million or more must be immediately reported to the Trade Division, Foreign Exchange Department, RBI Central Office, with a copy to the concerned Regional Office, using the format in Annex-I.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-597/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8890&Mode=0"
  },
  {
   "question": "What reporting is required for LLPs making overseas investments?",
   "answer": "AD banks must report financial commitments by LLPs in Form ODI Part I and II, and also handle other reporting like APR and disinvestments as per existing rules.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-595/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8882&Mode=0"
  },
  {
   "question": "What reporting is required to RBI under this Master Direction?",
   "answer": "Banks must submit monthly reports to RBI Issue Offices on counterfeit notes detected, and half-yearly reports on Forged Notes Vigilance Cell activities.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2024-25-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12653&Mode=0"
  },
  {
   "question": "What restrictions apply to NBFCs under an NOFHC?",
   "answer": "Such NBFCs cannot have any exposure to promoters/promoter group or the NOFHC, cannot invest in equity/debt of other financial entities under the same NOFHC, and cannot invest in equity of other NOFHCs.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-558/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8830&Mode=0"
  },
  {
   "question": "What returns are being merged?",
   "answer": "The WLA Customer Complaints Return and the WLA Statistics Return are being merged into one. The exact name of the merged return has not been specified yet.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-165/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12239&Mode=0"
  },
  {
   "question": "What returns are being moved to the CIMS portal?",
   "answer": "The statutory returns Form A (fortnightly CRR/SLR), Form VIII (monthly), and Form IX (annual unclaimed deposits) are being shifted from the XBRL portal to the CIMS portal.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12661&Mode=0"
  },
  {
   "question": "What returns are moving to online filing?",
   "answer": "Four returns: RBI note refund rules - statement of defective notes adjudicated at all bank branches, Format for furnishing addresses etc., particulars of Forged Note Vigilance Cell (FNVC) to RBI, Statement showing details of counterfeit bank notes detected by the branch during the month, and FNVC to submit status report covering certain important aspects of the functions required to be undertaken by it.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-167/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12238&Mode=0"
  },
  {
   "question": "What returns are moving to online submission?",
   "answer": "Eight returns, including those on financial conglomerates, whole bank long form audit report, half-yearly investment portfolio review, fraud monitoring returns (FMR1, FMR3, and unified for frauds below ₹1 lakh), delay in rating review by CRAs, and KYC-AML return.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-163/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12235&Mode=0"
  },
  {
   "question": "What risk weight applies to a bank's trade exposure to a QCCP?",
   "answer": "A risk weight of 2% applies to the bank's trade exposure to a QCCP for its own purposes and when offering clearing services, subject to certain conditions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-238/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13326&Mode=0"
  },
  {
   "question": "What risk weight applies to an AIFI's trade exposure to a QCCP?",
   "answer": "A risk weight of 2% applies to the AIFI's trade exposure to a QCCP for its own purposes and when offering clearing services with an obligation to reimburse clients for losses if the QCCP defaults.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-241/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13331&Mode=0"
  },
  {
   "question": "What risk weight applies to microfinance loans that are not consumer credit?",
   "answer": "If such loans meet all four criteria for retail claims under the Basel III Master Circular, they can be classified under the regulatory retail portfolio with a 75% risk weight. Otherwise, they attract a 100% risk weight.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12786&Mode=0"
  },
  {
   "question": "What risks are covered under this Direction?",
   "answer": "The Direction covers credit risk and market risk, including definitions for basis risk, interest rate risk, and hedging.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12182&Mode=0"
  },
  {
   "question": "What sectors are covered in the new disclosure format?",
   "answer": "The format covers Priority Sector (agriculture, industries eligible as priority sector, services, personal loans) and Non-Priority Sector (agriculture, industry, services, personal loans). Sub-sectors with advances over 10% of the sector total must be disclosed separately.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-647/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8946&Mode=0"
  },
  {
   "question": "What services are covered under doorstep banking for UCBs?",
   "answer": "Services include pickup of cash and instruments against receipt, delivery of demand drafts and cash against account withdrawal, submission of KYC documents, and life certificates. Cash must be credited to the customer's account on the same or next working day.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12334&Mode=0"
  },
  {
   "question": "What settlement mechanism is required for GSL transactions?",
   "answer": "All GSL transactions must settle on a delivery-versus-delivery basis, meaning the transfer of borrowed securities and collateral securities happens simultaneously.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12580&Mode=0"
  },
  {
   "question": "What should a bank do if a customer tenders a counterfeit note at the counter?",
   "answer": "The note must be machine-checked, stamped 'COUNTERFEIT NOTE', impounded, and recorded in a register. An acknowledgement receipt must be issued to the tenderer, even if they refuse to sign it. The note cannot be returned or destroyed.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12273&Mode=0"
  },
  {
   "question": "What should a bank do if it doubts the authenticity of a guardianship certificate?",
   "answer": "The bank should obtain proper legal advice before proceeding with account opening or operation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-444/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8689&Mode=0"
  },
  {
   "question": "What should a bank do if it has not yet adopted these criteria?",
   "answer": "The bank must immediately adopt the fit and proper criteria in its board-approved policy and ensure all CEO appointments comply with the Government of India's guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-506/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8758&Mode=0"
  },
  {
   "question": "What should a branch do if a customer asks for coin exchange?",
   "answer": "The branch must issue coins over the counter if stock is available. Refusal to do so is a violation of the agreement with RBI and attracts a penalty of ₹10,000 per instance.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-04/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12268&Mode=0"
  },
  {
   "question": "What should a non-FSWM UCB do to open branches?",
   "answer": "Non-FSWM UCBs must continue using the prior approval route with an Annual Business Plan (ABP). The process has been simplified to reduce approval time, as detailed in Annex-II of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12512&Mode=0"
  },
  {
   "question": "What should a UCB do if it doubts the authenticity of a guardianship certificate?",
   "answer": "The circular advises banks to obtain proper legal advice in case of doubt before relying on the certificate.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-456/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8702&Mode=0"
  },
  {
   "question": "What should AD Category-I banks do now?",
   "answer": "Banks must bring the circular's contents to the notice of their constituents and customers. They should continue to apply the existing all-in-cost ceiling until further notice.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-561/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8833&Mode=0"
  },
  {
   "question": "What should AD Category-I banks do with this circular?",
   "answer": "Banks must bring the contents to the notice of their constituents and customers, and ensure they use the updated Master Direction for compliance.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13369&Mode=0"
  },
  {
   "question": "What should AD Category-I banks do with this information?",
   "answer": "Banks must bring the contents of this circular to the notice of their constituents and customers.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-303/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8481&Mode=0"
  },
  {
   "question": "What should an NBFC do if it finds a match with the sanctions list?",
   "answer": "Ensure that no account is held by or linked to the listed individual or entity, as per the RBI circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-310/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8488&Mode=0"
  },
  {
   "question": "What should banks do about intra-day exposure limits?",
   "answer": "The board must now have a policy for fixing intra-day exposure limits to capital markets within the prudential limits prescribed in the Directions for a bank's aggregate CME, as per amended paragraph 6(1)(v).",
   "page": "https://bankpulse.ai/c/rbi-2025-26-212/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13296&Mode=0"
  },
  {
   "question": "What should banks do differently in capital planning?",
   "answer": "Banks must adopt a forward-looking approach, considering macro-economic changes and stress test outcomes. Boards should actively oversee the process, and capital plans should account for lower initial requirements but higher later-year needs.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-538/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8806&Mode=0"
  },
  {
   "question": "What should banks do for the initial transfer due on June 30, 2014?",
   "answer": "Banks must calculate cumulative balances in all accounts along with accrued interest as of May 22, 2014, and transfer the entire amount (including accrued interest) to the Fund by June 30, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-656/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8958&Mode=0"
  },
  {
   "question": "What should banks do if a borrower's old UAM expires before March 31, 2022?",
   "answer": "Banks can continue to accept these documents as valid for classification until March 31, 2022. No immediate reclassification is needed, but banks should encourage borrowers to register under the new definition before the deadline.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-161/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12233&Mode=0"
  },
  {
   "question": "What should banks do if a DRS requires them to extend fresh credit?",
   "answer": "Banks must assess the prudential concerns, including mandatory fresh credit requirements, and ensure compliance with extant resolution frameworks. Any issues should be raised through SLBC/DCC during consultation.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12760&Mode=0"
  },
  {
   "question": "What should banks do if SC/ST borrowers are illiterate?",
   "answer": "Banks should rely on field staff to personally contact borrowers and explain scheme features, rather than using brochures. Organizing exclusive meetings for SC/ST beneficiaries is also recommended.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-11/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12065&Mode=0"
  },
  {
   "question": "What should banks do if they already executed agreements that differ from the revised IBA Model Agreement?",
   "answer": "Banks can execute fresh agreements or revise them via supplementary agreements, bearing stamp paper costs. All provisions of the August 2021 circular, especially Part VII on compensation, still apply.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-168/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12443&Mode=0"
  },
  {
   "question": "What should banks do if they cannot resolve issues with borrowers?",
   "answer": "Banks should escalate unresolved issues to the Indian Banks' Association (IBA) for guidance by September 30, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12137&Mode=0"
  },
  {
   "question": "What should banks do if they have adopted a village with low SC/ST population?",
   "answer": "Banks should either adopt villages with sizeable SC/ST communities or specific localities (bastis) within villages that have a concentration of these communities.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12365&Mode=0"
  },
  {
   "question": "What should banks do if they have already processed transactions at the old rate after September 13?",
   "answer": "The circular does not provide specific guidance on this. Banks should refer to the circular's instructions and may need to consult with RBI for any discrepancies.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-294/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8467&Mode=0"
  },
  {
   "question": "What should banks do if they have branches in the merged districts?",
   "answer": "Continue reporting and coordinating with the lead bank of the original undivided district. No new lead bank assignment is needed.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12495&Mode=0"
  },
  {
   "question": "What should banks do immediately?",
   "answer": "Update KYC policies, retrain staff, and ensure systems flag foreign PEPs for enhanced due diligence as per the new definition.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12593&Mode=0"
  },
  {
   "question": "What should banks do in the meantime?",
   "answer": "Banks should use this period to review their derivative exposures and prepare systems for eventual compliance with LEF limits after the deferment ends.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12041&Mode=0"
  },
  {
   "question": "What should banks do to ensure compliance with this Master Circular?",
   "answer": "Banks should update their internal manuals, train staff on the consolidated guidelines, and ensure district credit plans give special focus to SC/ST communities.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-03/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12807&Mode=0"
  },
  {
   "question": "What should banks do to implement this change?",
   "answer": "Banks should update their internal policies, inform customers about the expanded scope, and ensure all ECB applications comply with existing FEMA and ECB guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-302/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8475&Mode=0"
  },
  {
   "question": "What should banks do to prevent fraud in guarantee business?",
   "answer": "Banks must follow the precautions outlined in the circular, including Ghosh Committee recommendations, internal control systems, and specific measures for issuing guarantees.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12276&Mode=0"
  },
  {
   "question": "What should banks do while waiting for the FAQ?",
   "answer": "Banks should continue preparing for compliance by reviewing their current account portfolios and identifying accounts that need restructuring. They should also document any operational issues to cross-check against the upcoming FAQ.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11990&Mode=0"
  },
  {
   "question": "What should banks do with pre-2005 notes received over the counter?",
   "answer": "Banks should sort these notes immediately and deposit them in currency chests under the Linkage Scheme or forward them to the nearest RBI Issue Office for disposal.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-467/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8715&Mode=0"
  },
  {
   "question": "What should banks do with the previous Master Circular from 2015?",
   "answer": "The 2015 circular is superseded. Banks should replace it with this new Master Circular for all compliance and reference purposes.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12278&Mode=0"
  },
  {
   "question": "What should banks do with this circular?",
   "answer": "Banks must bring the contents to the notice of their customers and ensure compliance with the existing cost ceiling until the next review.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-562/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8834&Mode=0"
  },
  {
   "question": "What should banks submit to RBI by April 30, 2021?",
   "answer": "Banks must submit a roadmap to achieve pan-India CTS coverage and a status report to helpdpss@rbi.org.in.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12039&Mode=0"
  },
  {
   "question": "What should I do if a customer requests delisting from this list?",
   "answer": "Forward the request electronically to Joint Secretary (CTCR), Ministry of Home Affairs. Customers can also approach the UN Ombudsperson directly via the UN website.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-183/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12255&Mode=0"
  },
  {
   "question": "What should I do if I find a customer on the list?",
   "answer": "Ensure the account is not held by or linked to any entity or individual in the list. The source does not specify further actions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-443/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8688&Mode=0"
  },
  {
   "question": "What should I do if I find a match with the amended entries?",
   "answer": "Immediately freeze the account or asset, file a Suspicious Transaction Report (STR) with FIU-IND, and follow the procedure as laid down in the UAPA Order dated February 02, 2021 (amended on March 15, 2023). Do not inform the customer about the freezing action.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12524&Mode=0"
  },
  {
   "question": "What should I do with the FATF documents referenced?",
   "answer": "You must consider the information in FATF's updated statement and compliance document when designing or updating your AML/CFT controls.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-521/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8774&Mode=0"
  },
  {
   "question": "What should NBFCs do with the FATF statement?",
   "answer": "NBFCs are advised to consider the information in the statement for their AML/CFT compliance. This includes updating risk assessments and due diligence processes for transactions involving listed jurisdictions.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-426/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8664&Mode=0"
  },
  {
   "question": "What should other banks do?",
   "answer": "Review and ensure compliance with RBI regulations",
   "page": "https://bankpulse.ai/c/rbi-doc-62939/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62939"
  },
  {
   "question": "What should our Principal Officer do after receiving this circular?",
   "answer": "The Principal Officer must acknowledge receipt of this circular letter to the concerned regional RBI office.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-407/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8627&Mode=0"
  },
  {
   "question": "What should RRBs do to comply?",
   "answer": "RRBs should ensure their deposit pricing policies reflect the extended period, update internal circulars, and continue to offer uncapped rates on eligible NRE deposits while adhering to the directive's terms.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-392/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8611&Mode=0"
  },
  {
   "question": "What should UCBs do about unsecured advances?",
   "answer": "UCBs must adhere to the specified ceilings on unsecured advances, including aggregate limits and credit card limits, as detailed in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12600&Mode=0"
  },
  {
   "question": "What should UCBs do for small value loans?",
   "answer": "UCBs must have a prior-approval process for such loans, consider borrower cash flows, and set interest rates based on risk premium and security value, ensuring total cost to borrower is reasonable.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-283/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13022&Mode=0"
  },
  {
   "question": "What should UCBs do if their state cooperative act has stricter norms?",
   "answer": "The circular states that if state laws or rules are more stringent, those must be followed. UCBs should apply the stricter of the two sets of norms.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12499&Mode=0"
  },
  {
   "question": "What should UCBs do if their state cooperative laws have stricter norms than this circular?",
   "answer": "As per paragraph 1.3 of the circular, if state cooperative acts or rules prescribe more stringent requirements, those should continue to be followed.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-14/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12821&Mode=0"
  },
  {
   "question": "What should UCBs do to comply with this circular?",
   "answer": "UCBs should review the consolidated instructions, update internal policies to reference the new circular, and ensure staff are aware of the unchanged guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12826&Mode=0"
  },
  {
   "question": "What should we do if a claimant asks for a form at the branch?",
   "answer": "You must provide the claim form to any person approaching the bank or branch for it, as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-245/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8400&Mode=0"
  },
  {
   "question": "What should we do if a customer refuses to update KYC even after December 31, 2021?",
   "answer": "After December 31, 2021, banks may resume normal KYC compliance actions as per the Master Direction on KYC, including placing restrictions on account operations. Continue engaging customers to complete updation before the deadline.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12083&Mode=0"
  },
  {
   "question": "What should we do if a customer requests de-listing?",
   "answer": "Forward the request electronically to Joint Secretary (CTCR), Ministry of Home Affairs. The customer can also approach the UN Ombudsperson directly.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12605&Mode=0"
  },
  {
   "question": "What should we do if a customer requests delisting from the UN sanctions list?",
   "answer": "Forward the request electronically to Joint Secretary (CTCR), Ministry of Home Affairs. Customers can also approach the UN Ombudsperson directly via the UN website.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-19/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12073&Mode=0"
  },
  {
   "question": "What should we do if a customer requests delisting?",
   "answer": "Forward the request electronically to Joint Secretary (CTCR), Ministry of Home Affairs. The customer can also approach the UN Ombudsperson directly for delisting.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11963&Mode=0"
  },
  {
   "question": "What should we do if there are no LRS transactions on a given day?",
   "answer": "You must upload a 'NIL' report in the daily return (R010) on CIMS by the close of the next working day.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12732&Mode=0"
  },
  {
   "question": "What should we do if we detect an excess pension payment due to a bank error?",
   "answer": "You must credit the entire excess amount to the government account in lump sum immediately, independent of any recovery from the pensioner.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12477&Mode=0"
  },
  {
   "question": "What should we do if we detect an excess pension payment due to our bank's error?",
   "answer": "Credit the entire excess amount to the government account in lump sum immediately. This action is independent of any recovery process from the pensioner.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-08/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12059&Mode=0"
  },
  {
   "question": "What should we do if we find a match for this individual in our records?",
   "answer": "Immediately freeze the account or asset, and report the action to the Financial Intelligence Unit (FIU-IND) and the Ministry of Home Affairs (MHA) as per existing guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12116&Mode=0"
  },
  {
   "question": "What should we do if we find a match in existing accounts?",
   "answer": "Follow the freezing of funds and assets procedure detailed in paragraph 7 of RBI's November 16, 2009 circular, as per the UAPA Order.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-404/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8623&Mode=0"
  },
  {
   "question": "What should we do if we find a match?",
   "answer": "Immediately freeze the account/asset, file a Suspicious Transaction Report (STR) with FIU-IND, and follow the procedure in Section 53 of the KYC Master Direction.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12343&Mode=0"
  },
  {
   "question": "What should we do if we find an account being used for unauthorised forex trading?",
   "answer": "You must report the account to the Directorate of Enforcement, Government of India, for further action as deemed fit.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12671&Mode=0"
  },
  {
   "question": "What should we do if we find an existing account linked to a newly deleted entity?",
   "answer": "Since the entity has been deleted from the sanctions list, you should no longer freeze or restrict the account based on this list. However, ensure you follow the UAPA Order and RBI guidelines for any other compliance requirements.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-267/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8430&Mode=0"
  },
  {
   "question": "What should we do if we find staff still writing on notes?",
   "answer": "Immediately stop the practice, retrain the staff, and consider disciplinary action. Report persistent non-compliance to your regional RBI office.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-183/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8308&Mode=0"
  },
  {
   "question": "What should we do if we had frozen accounts for this individual?",
   "answer": "You must immediately unfreeze those accounts and update your records, as the individual is no longer on the UN sanctions list. Ensure compliance with the RBI circular and maintain documentation of the action taken.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12162&Mode=0"
  },
  {
   "question": "What should we do if we have already approved a liaison office for a foreign law firm before this circular?",
   "answer": "You must review the approval. If the office is used for legal practice, it violates the circular and the Advocates Act. Report such cases to RBI and consider revoking the approval.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11997&Mode=0"
  },
  {
   "question": "What should we do if we have already started recovery under the withdrawn circulars?",
   "answer": "Stop any ongoing recovery actions based on those circulars immediately. Seek fresh guidance from the Pension Sanctioning Authority for the specific case.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12013&Mode=0"
  },
  {
   "question": "What should we do if we have frozen accounts of these two individuals?",
   "answer": "You should unfreeze those accounts and assets that were frozen solely due to their inclusion in the UNSC sanctions list, after verifying the delisting and following the procedure in the UAPA Order dated February 2, 2021 (amended April 22, 2024) annexed to the KYC master direction.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12922&Mode=0"
  },
  {
   "question": "What should we do if we have frozen assets for these entities?",
   "answer": "You should unfreeze those assets immediately, as the UNSC has removed them from the sanctions list. Ensure your internal records are updated to reflect this change.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-152/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12221&Mode=0"
  },
  {
   "question": "What should we do with Credit Default Swaps where we are the protection seller?",
   "answer": "You can cap the exposure at the amount of unpaid premium only if the CDS is outside netting and margin agreements. You have the option to remove such CDS from your legal netting sets to apply the cap.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12376&Mode=0"
  },
  {
   "question": "What should we do with existing customer data collected earlier?",
   "answer": "Ensure all customer data is treated as confidential. For non-mandatory data collected without explicit consent, seek fresh consent or stop using it for cross-selling. Review periodic updation processes to align with this circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-213/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8362&Mode=0"
  },
  {
   "question": "What skills are required for internal auditors as per this circular?",
   "answer": "Internal auditors should have competence in banking operations, accounting, information technology, data analytics, and forensic investigation, among others.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12011&Mode=0"
  },
  {
   "question": "What sources can be used to gauge calamity impact on a borrower?",
   "answer": "Institutions may use government disaster data, climate risk indices, historical loss records, and borrower‑provided contingency plans to evaluate potential calamity effects.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13441&Mode=0"
  },
  {
   "question": "What specific actions are prohibited for recovery agents?",
   "answer": "Agents cannot intimidate, harass, humiliate publicly, intrude on privacy, send inappropriate messages, make threatening or anonymous calls, call persistently, or call before 8 AM and after 7 PM.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12378&Mode=0"
  },
  {
   "question": "What specific activities are now allowed for SPDs?",
   "answer": "SPDs can offer all foreign exchange market-making facilities to any user, just like Category-I Authorised Dealers, subject to prudential guidelines to be issued separately.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-126/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12397&Mode=0"
  },
  {
   "question": "What specific change was made to the UNSCR 1718 sanctions list?",
   "answer": "The committee amended the entry for individual Pak Chun Il (KPi.029), updating his designation to reflect his role as former DPRK Ambassador to Egypt and adding that he concluded his tour and left Egypt on November 15, 2016.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12359&Mode=0"
  },
  {
   "question": "What specific changes are made?",
   "answer": "The directions temporarily withdraw the interest rate ceiling on fresh FCNR(B) deposits of 3-5 year tenors and the restriction on interest rates on NRE deposits of 3 year and above tenors (including renewals) until September 30, 2026.",
   "page": "https://bankpulse.ai/c/rbi-doc-13513/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13513&Mode=0"
  },
  {
   "question": "What specific changes were made to the 44 entries?",
   "answer": "The amendments only update existing entries—no new individuals or entities were added or removed. Changes include corrections to address, alias, passport number, date of birth, telephone, fax, email, and IMO number.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12364&Mode=0"
  },
  {
   "question": "What specific complaint data must RRBs disclose with financial results?",
   "answer": "RRBs must disclose number of complaints pending at year start, received during year, redressed, and pending at year end. Also, Banking Ombudsman awards unimplemented at start, passed, implemented, and unimplemented at year end.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-269/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8432&Mode=0"
  },
  {
   "question": "What specific data must be disclosed for related party loans?",
   "answer": "Banks must disclose aggregate value of loans sanctioned during the year, outstanding loans as on March 31, their proportion to total credit exposure, SMA/NPA classification, and provisions held.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-181/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13257&Mode=0"
  },
  {
   "question": "What specific GST data can lenders access under this change?",
   "answer": "Lenders can access GSTR-1 (outward supplies) and GSTR-3B (summary return) data through the AA framework, but only with the borrower's explicit consent.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-140/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12412&Mode=0"
  },
  {
   "question": "What specific information is considered 'non-mandatory' under this circular?",
   "answer": "Examples include number of dependents, names of children, lifestyle details, number of foreign visits in last three years, family members abroad, assets and liabilities, spouse name and date of birth, wedding date, and investments. These are not required for KYC risk assessment.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-228/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8377&Mode=0"
  },
  {
   "question": "What specific information is now considered 'overboard' for KYC?",
   "answer": "RBI flagged details like number of dependents, names of children, lifestyle, foreign visits in last three years, family members abroad, assets/liabilities, spouse name/DOB, wedding date, and investments as intrusive and not mandatory for KYC.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-261/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8419&Mode=0"
  },
  {
   "question": "What specific information is now considered intrusive for KYC?",
   "answer": "RBI flagged details like number of dependents, names of children, lifestyle, foreign visits in last 3 years, family members abroad, assets/liabilities, spouse name/date of birth, wedding date, and investments as non-mandatory and intrusive.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-213/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8362&Mode=0"
  },
  {
   "question": "What specific information must be disclosed for related party loans?",
   "answer": "LABs must disclose aggregate value of loans sanctioned during the year, outstanding loans, their proportion to total credit exposure, SMA/NPA classification, and provisions held.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-183/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13259&Mode=0"
  },
  {
   "question": "What specific information must be disclosed in the new table?",
   "answer": "SFBs must disclose aggregate loans sanctioned and outstanding to related parties, their proportion of total credit exposure, SMA/NPA classification, provisions held, and details of contracts and arrangements with related parties.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-182/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13258&Mode=0"
  },
  {
   "question": "What specific instructions are being reiterated?",
   "answer": "RBI reiterates that term loans to government-owned entities must be only for corporate bodies, projects must be commercially viable with revenue streams sufficient for debt servicing, and repayment should not come from budgetary resources. These are from Master Circulars on Loans and Advances and Housing Finance.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12339&Mode=0"
  },
  {
   "question": "What specific limits have been removed for FPIs under the General Route?",
   "answer": "The short-term investment limit, security-wise limit, and concentration limit for FPI investments in government securities have been withdrawn.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13464&Mode=0"
  },
  {
   "question": "What specific limits have been removed?",
   "answer": "The short-term investment limit and the concentration limit that were previously applicable to FPI investments in corporate debt securities under the General Route have been withdrawn.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12847&Mode=0"
  },
  {
   "question": "What specific NBFC rules are now applicable to HFCs?",
   "answer": "The instructions in para 58 of the Master Direction – RBI (NBFC – Scale Based Regulation) Directions, 2023 (as amended) on raising money through private placement by NBFCs apply mutatis-mutandis to HFCs.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12772&Mode=0"
  },
  {
   "question": "What specific new fields are added to the FC-GPR form?",
   "answer": "The revised form now requires classification of investment as brownfield or greenfield and the date of incorporation of the investee company.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-490/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8742&Mode=0"
  },
  {
   "question": "What specific reports are being discontinued?",
   "answer": "The weekly reporting of client-level Rupee Interest Rate Swap (IRS) and Forward Rate Agreement (FRA) transactions to RBI's Financial Markets Department, which was done in physical form, via email, or through the Online Returns Filing System (ORFS), is being discontinued.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-532/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8785&Mode=0"
  },
  {
   "question": "What specific requirements are waived for FPI investments in defaulted bonds?",
   "answer": "The minimum residual maturity requirement, short-term investment limit, and investor limit under the MTF are exempted for FPIs investing in defaulted NCDs/bonds.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12037&Mode=0"
  },
  {
   "question": "What specific sections of the Master Direction were updated?",
   "answer": "Updates were made to sections 4(a)(vii), 10(c)(ix), 12(ii)(b), 12(ii)(d)(ix), 13(iv)(b), 16(i), 16(ii), 18(ii)(e)(ii), and Annex II.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-185/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12258&Mode=0"
  },
  {
   "question": "What standards should we follow for accessibility?",
   "answer": "You should adhere to the Ministry of Finance's 'Accessibility Standards and Guidelines for Banking Sector' notified on February 2, 2024, as applicable.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12741&Mode=0"
  },
  {
   "question": "What terms can banks set for credit line UPI?",
   "answer": "Banks can set terms like credit limit, period of credit, and rate of interest as per their board-approved policy.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12532&Mode=0"
  },
  {
   "question": "What transactions are covered under this directive?",
   "answer": "All government-related receipts and payments for FY 2023-24, such as tax collections, government disbursements, and other agency transactions.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-137/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12635&Mode=0"
  },
  {
   "question": "What transactions are eligible for agency commission under this circular?",
   "answer": "Eligible transactions include revenue receipts and payments for Central/State Governments, pension payments, and any other work specifically advised by RBI as eligible for commission.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-07/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12651&Mode=0"
  },
  {
   "question": "What transactions are excluded from reporting?",
   "answer": "Transactions undertaken in terms of the back-to-back arrangement, transactions undertaken by related parties with other AD Cat-I banks in India, and transactions with a notional value of less than USD 1 million or equivalent may be excluded from reporting.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13402&Mode=0"
  },
  {
   "question": "What transactions are not eligible for agency commission under this circular?",
   "answer": "Transactions like state government short-term/long-term borrowings from financial institutions, own tax payments by banks, and franking vendor activities are not eligible. Only revenue receipts, payments, pension, and other specifically advised items qualify.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12812&Mode=0"
  },
  {
   "question": "What transactions need to be reported under FETERS-Cards?",
   "answer": "All international transactions using credit cards, debit cards, and UPI, including PoS, e-commerce, and fund transfers to bank accounts, must be reported.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12046&Mode=0"
  },
  {
   "question": "What triggered the change in caution-listing procedure?",
   "answer": "RBI revisited the earlier automatic criteria to make the system more exporter-friendly and equitable, as per the Statement on Development and Regulatory Policies issued on October 9, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11978&Mode=0"
  },
  {
   "question": "What triggered this circular?",
   "answer": "A specific incident where soiled note packing was done outside the strong room, not under CCTV, leading to a detected shortage during remittance takeover by RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-602/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8895&Mode=0"
  },
  {
   "question": "What triggered this RBI circular?",
   "answer": "Exporters' organizations highlighted that rupee depreciation reduced the unavailed FC component of export credit and increased the INR value of availed FC credit, forcing part payments or reducing available limits.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-291/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8460&Mode=0"
  },
  {
   "question": "What triggers PCA under the revised framework?",
   "answer": "PCA is triggered by breaches in risk thresholds for CRAR/CET1 ratio, Net NPA ratio (>=6%, >=9%, >=12%), or Tier 1 Leverage Ratio (below regulatory minimum by up to 50 bps, more than 50 bps but not exceeding 100 bps, or more than 100 bps).",
   "page": "https://bankpulse.ai/c/rbi-2021-22-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12186&Mode=0"
  },
  {
   "question": "What triggers the crystallization of a fixed-maturity foreign currency deposit?",
   "answer": "If the deposit remains inoperative for 3 years from its maturity date, the bank must convert the balance to rupees at the end of the third year at the prevailing exchange rate.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-616/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8909&Mode=0"
  },
  {
   "question": "What triggers the deduction from net owned funds?",
   "answer": "Management fee recognised during or after the planning period that remains unrealised beyond 180 days, or any unrealised fee where security receipt net asset value falls below 50% of face value.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-182/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12458&Mode=0"
  },
  {
   "question": "What triggers the need for prior RBI approval under this circular?",
   "answer": "Prior approval is needed for any takeover or acquisition of control of a non-bank PSO, even if management doesn't change, and for sale or transfer of payment activity to an entity not authorised for similar activity.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12348&Mode=0"
  },
  {
   "question": "What triggers the SLBC/UTLBC/DCC meeting requirement?",
   "answer": "A declaration of calamity by Central/State governments. If a larger part of a state/UT is affected, SLBC/UTLBC convenor must meet within 15 days; for smaller areas, DCC convenor does so after consulting SLBC/UTLBC.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13437&Mode=0"
  },
  {
   "question": "What type of disclosures are required for related parties?",
   "answer": "Loans and contracts with related parties, including aggregate values and provisions held",
   "page": "https://bankpulse.ai/c/rbi-2025-26-185/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13261&Mode=0"
  },
  {
   "question": "What types of accounts are exempted from the dormancy rule?",
   "answer": "Zero-balance accounts and accounts opened for beneficiaries under Central/State government schemes, including those for DBT, EBT, and scholarships, are exempt when crediting such proceeds.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-312/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8490&Mode=0"
  },
  {
   "question": "What types of applications can be shared under these guidelines?",
   "answer": "Applications related to collaboration, housekeeping, office automation, and business applications are eligible for sharing. Critical infrastructure or applications require management approval, possibly at the board level depending on criticality.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-216/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8365&Mode=0"
  },
  {
   "question": "What types of banks does the RBI regulate?",
   "answer": "The RBI licenses and supervises several distinct classes of bank and lender. The main types are the <a href=\"/glossary/#scb\">scheduled commercial bank</a>, which operates as a full-service <a href=\"/glossary/#universal-bank\">universal bank</a>; the <a href=\"/glossary/#co-operative-bank\">co-operative bank</a>; the <a href=\"/glossary/#nbfc\">NBFC</a>; and the <a href=\"/glossary/#differentiated-bank\">differentiated banks</a> — the <a href=\"/glossary/#payments-bank\">Payments Bank</a> and the <a href=\"/glossary/#sfb\">Small Finance Bank</a> — alongside the <a href=\"/glossary/#rrb\">Regional Rural Bank (RRB)</a> and the <a href=\"/glossary/#lab\">Local Area Bank (LAB)</a>. Each is defined in plain English in the bank-type glossary family above.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "What types of calamities must RRBs consider under this amendment?",
   "answer": "The direction does not specify particular calamities, but it broadly covers events like floods, droughts, cyclones, earthquakes, or pandemics that could impact borrower repayment capacity.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13438&Mode=0"
  },
  {
   "question": "What types of cash are ineligible for inclusion in chest balances?",
   "answer": "Cash kept in sealed covers, trunks/bins under lock of non-joint custodians, or with a third lock beyond the two joint custodian locks is ineligible and its inclusion attracts penal interest.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12270&Mode=0"
  },
  {
   "question": "What types of credit are covered under the revised GCC scheme?",
   "answer": "All non-farm entrepreneurial credit extended to individuals that qualifies as priority sector, including working capital and term loans. Consumption credit is excluded.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-389/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8603&Mode=0"
  },
  {
   "question": "What types of deposits are covered under the new directions?",
   "answer": "The directions cover domestic rupee deposits, non-resident rupee deposits, and foreign currency deposits.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-228/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13079&Mode=0"
  },
  {
   "question": "What types of fees or charges can be waived or reduced?",
   "answer": "The direction does not specify exact fees, so AIFIs have discretion to waive or reduce any fees and charges they normally levy, such as processing fees, prepayment charges, or late payment penalties, for customers in calamity areas.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13440&Mode=0"
  },
  {
   "question": "What types of guarantees are covered by this circular?",
   "answer": "The circular covers all guarantees issued by non-residents in favor of resident Indians, including Standby Letters of Credit (SBLCs) and performance guarantees.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12737&Mode=0"
  },
  {
   "question": "What types of instruments are covered under this general permission?",
   "answer": "Only non-convertible/redeemable preference shares or debentures issued as bonus from general reserves under a court-approved scheme, with income tax no-objection.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-428/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8667&Mode=0"
  },
  {
   "question": "What types of instruments are now covered under OPI?",
   "answer": "OPI now includes investment in 'units or any other instrument (by whatever name called)' issued by an overseas investment fund that is duly regulated by the host jurisdiction's financial sector regulator.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12691&Mode=0"
  },
  {
   "question": "What types of IT applications can RRBs share under these guidelines?",
   "answer": "Applications related to collaboration, housekeeping, office automation, and business applications can be considered for sharing, provided they have necessary management approvals.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-335/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8524&Mode=0"
  },
  {
   "question": "What types of margin can be posted in India under this circular?",
   "answer": "Margin can be posted in Indian currency, freely convertible foreign currency, debt securities issued by Indian central or state governments, or rupee bonds listed on a recognized Indian stock exchange with a AAA rating from a SEBI-registered agency.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12028&Mode=0"
  },
  {
   "question": "What types of payment instruments are covered?",
   "answer": "The revised limit applies to e-mandates on cards, prepaid payment instruments, and Unified Payments Interface (UPI).",
   "page": "https://bankpulse.ai/c/rbi-2022-23-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12341&Mode=0"
  },
  {
   "question": "What types of PPIs are covered under the consolidated guidelines?",
   "answer": "The guidelines cover general PPIs, co-branded cards, prepaid gift instruments, PPIs issued to government or corporate entities, and those for cross-border inward remittances.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-547/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8814&Mode=0"
  },
  {
   "question": "What types of securities are now eligible for repo transactions?",
   "answer": "Municipal Debt Securities, in addition to existing eligible securities, are now included.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2025-26-142/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12920&Mode=0"
  },
  {
   "question": "What types of specialized branches require RBI authorization under this circular?",
   "answer": "Central Processing Centres (CPCs), Retail Assets Processing Centres, and Regional/Zonal Processing Centres all require authorization under Section 23 of the B.R. Act, 1949 (AACS).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-336/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8525&Mode=0"
  },
  {
   "question": "What types of transactions are now permitted on NDS-OM under this circular?",
   "answer": "Transactions between a Primary Member and its own Gilt Account Holder, and between two GAHs of the same PM, are now allowed on both the anonymous Order Matching and RFQ segments of NDS-OM.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12782&Mode=0"
  },
  {
   "question": "What verification is needed for the Rs.50,000 exception for cooperative credit societies?",
   "answer": "Banks must confirm that the payee named on the cheque is a constituent of the cooperative credit society and that the cheque amount does not exceed Rs.50,000. Proper documentation and audit trails are essential.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-472/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8720&Mode=0"
  },
  {
   "question": "What volatility rate should banks use for UFCE loss calculation?",
   "answer": "RBI will request FEDAI to compute USD-INR annual volatility based on RBI reference rate. Until then, banks can compute it per the guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-620/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8914&Mode=0"
  },
  {
   "question": "What was the earlier limit for Form A2 exemption?",
   "answer": "Earlier, remittances up to USD 25,000 could be processed with a simple letter without Form A2. That exemption is now withdrawn.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12696&Mode=0"
  },
  {
   "question": "What was the earlier restriction on LRS remittances to IFSCs?",
   "answer": "Earlier, LRS remittances to IFSCs were only permitted for making investments in securities. This circular expands the scope to include education-related payments.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12518&Mode=0"
  },
  {
   "question": "What was the old bulk deposit limit for RRBs?",
   "answer": "The old limit was ₹15 lakh and above for single rupee term deposits.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-75/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12556&Mode=0"
  },
  {
   "question": "What was the previous daily minimum CRR maintenance requirement?",
   "answer": "The previous requirement was 99% of the required CRR balance, as per the circular dated July 24, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-284/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8447&Mode=0"
  },
  {
   "question": "What was the previous daily minimum requirement before this change?",
   "answer": "The previous requirement was 99% of the CRR, as per the circular dated July 23, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-281/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8444&Mode=0"
  },
  {
   "question": "What was the previous risk weight increase?",
   "answer": "The November 2023 circular had added 25 percentage points to risk weights for NBFC exposures where the external rating-based risk weight was below 100%.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12787&Mode=0"
  },
  {
   "question": "What was the previous rule on prepayment penalties for home loans?",
   "answer": "Earlier, RBI had issued a circular on June 26, 2012, specifically on home loans. The new circular supersedes that and extends the ban to all floating rate term loans for individual borrowers.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-603/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8896&Mode=0"
  },
  {
   "question": "What was the sales growth rate for the private corporate business sector in Q4 2025-26?",
   "answer": "13.9% year-over-year",
   "page": "https://bankpulse.ai/c/rbi-doc-62946/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62946"
  },
  {
   "question": "What were the final yields for each tenor?",
   "answer": "The 91‑day T‑Bill yielded 5.2603%, the 182‑day yielded 5.5005%, and the 364‑day yielded 5.7887% at the cut‑off price.",
   "page": "https://bankpulse.ai/c/rbi-doc-62953/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62953"
  },
  {
   "question": "What were the previous limits for home repair loans?",
   "answer": "Earlier, the ceiling was ₹1 lakh in rural and semi-urban areas and ₹2 lakh in urban areas, as per the circular dated December 30, 2002.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-236/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8390&Mode=0"
  },
  {
   "question": "What will happen to any investigations, legal proceedings, or remedies initiated under the repealed Directions?",
   "answer": "Any such investigations, legal proceedings, or remedies may be instituted, continued, or enforced as if the Directions had not been repealed.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13427&Mode=0"
  },
  {
   "question": "When can the additional 5% provision be reversed?",
   "answer": "The provision can be reversed after the borrower pays at least 20% of the outstanding debt with the bank without slipping into NPA post-restructuring and without another restructuring. For non-fund-based or cash credit/overdraft facilities, reversal is allowed after one year post-restructuring, provided no default during that period.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13439&Mode=0"
  },
  {
   "question": "When can the additional 5% provisioning be written back?",
   "answer": "It can be reversed if the borrower pays at least 20% of outstanding debt without slipping into NPA post-restructuring and without another restructuring. For non-fund or cash credit facilities, reversal is allowed after one year if no default occurs.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13418&Mode=0"
  },
  {
   "question": "When can the additional provisions be written back?",
   "answer": "The additional provisions can be written back after the borrower pays at least 20% of the outstanding debt, without slipping into NPA post-restructuring and without another restructuring.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13428&Mode=0"
  },
  {
   "question": "When can the additional specific provision be written back?",
   "answer": "The provision can be written back if the borrower pays at least 20% of the outstanding debt without slipping into NPA post-restructuring and without being subjected to another restructuring. For non-fund or cash credit facilities, it can be reversed after one year post-restructuring, provided the borrower was not in default at any point during that period; if default occurs, conditions are tested from the date of rectification.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13409&Mode=0"
  },
  {
   "question": "When can the additional specific provisions be written back?",
   "answer": "Provisions can be written back if the borrower pays at least 20% of the outstanding debt without slipping into NPA post-restructuring and without another restructuring. For non-fund or cash credit facilities, reversal is allowed after one year if no default occurred.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13430&Mode=0"
  },
  {
   "question": "When can UCBs stop provisioning on uninsured deposits with PMC Bank?",
   "answer": "Only after the actual allotment of PNCPS and Equity Warrants in their accounts. Until then, full annual provisioning at 20% per year continues as per the April 2020 circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12338&Mode=0"
  },
  {
   "question": "When did 24x7 RTGS become operational?",
   "answer": "RTGS became available round the clock from 00:30 hours on December 14, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11998&Mode=0"
  },
  {
   "question": "When did Credit Suisse AG cease to be a banking company?",
   "answer": "The cessation was effective from June 4, 2024, as per RBI notification DoR.LIC.No. S1372/23.03.025/2024-25.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12727&Mode=0"
  },
  {
   "question": "When did SEBI issue the new registration certificate to SMERA?",
   "answer": "SEBI issued the Certificate of Registration on August 14, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-326/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8510&Mode=0"
  },
  {
   "question": "When did the amendment come into effect?",
   "answer": "The amendment was published in the official gazette on February 16, 2026, and the circular was issued on the same date. Banks are directed to be guided by the amended Regulations immediately.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-221/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13305&Mode=0"
  },
  {
   "question": "When did the formation of Lower Siang district take effect?",
   "answer": "The Government of Arunachal Pradesh notified the formation on May 6, 2022, and RBI's assignment of lead bank responsibility is dated January 13, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-164/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12437&Mode=0"
  },
  {
   "question": "When did the name change become effective?",
   "answer": "The change to DCB Bank Limited took effect from October 24, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-442/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8687&Mode=0"
  },
  {
   "question": "When did the name change officially take effect?",
   "answer": "The change was notified on November 25, 2013, and published in the Gazette of India on February 8, 2014. The RBI circular was issued on February 28, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-508/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8760&Mode=0"
  },
  {
   "question": "When did the RBI last change the CRR?",
   "answer": "The final tranche of the 2025 phased cut took CRR to 3.00% effective 29 November 2025; it has been held there since.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "When did the RBI last change the repo rate?",
   "answer": "The RBI last changed the repo rate on 5 December 2025, cutting it to the current 5.25%.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "When did the RBI last change the SLR?",
   "answer": "The last change took SLR to 18.00% effective 11 April 2020; it has been unchanged since.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "When did the withdrawal take effect?",
   "answer": "The withdrawal became effective from the close of business on July 12, 2024, the date of the notification.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-51/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12701&Mode=0"
  },
  {
   "question": "When did these changes take effect?",
   "answer": "Both notifications were issued on November 14, 2013, and published in the Extraordinary Gazette on January 6, 2014. The effective date for inclusion/exclusion is November 14, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-505/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8757&Mode=0"
  },
  {
   "question": "When did these directions take effect?",
   "answer": "The directions came into force with immediate effect from September 24, 2021, and were updated on December 28, 2023.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12166&Mode=0"
  },
  {
   "question": "When did these new districts become effective?",
   "answer": "The Rajasthan government's notification took effect from August 7, 2023. RBI's lead bank assignment was issued on November 10, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12564&Mode=0"
  },
  {
   "question": "When did this amendment take effect?",
   "answer": "The amendment came into force with immediate effect from the date of the RBI notification, which is December 29, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-163/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13239&Mode=0"
  },
  {
   "question": "When did this cessation take effect?",
   "answer": "The cessation was effective from a notification dated February 23, 2023, which was published in the Gazette of India between March 25-31, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-188/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12464&Mode=0"
  },
  {
   "question": "When did this change become effective?",
   "answer": "The amendments to the FEMA (Debt Instruments) Regulations, 2019 enabling this were notified on October 21, 2021, and the circular was issued on November 8, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12188&Mode=0"
  },
  {
   "question": "When did this change take effect for Sikkim State Co-operative Bank?",
   "answer": "The inclusion was effective from October 12, 2021, with the official notification published in the Gazette on January 18, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-174/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12246&Mode=0"
  },
  {
   "question": "When did this change take effect?",
   "answer": "The circular was issued on April 4, 2014, and the modifications came into force with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-553/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8825&Mode=0"
  },
  {
   "question": "When did this circular become effective?",
   "answer": "The circular was issued on September 5, 2013, and is effective from that date.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-231/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8382&Mode=0"
  },
  {
   "question": "When did this circular take effect?",
   "answer": "The instructions came into effect immediately from the date of the circular, September 18, 2013, subject to review based on experience.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-270/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8434&Mode=0"
  },
  {
   "question": "When did this definition become effective?",
   "answer": "The amendment was notified via FEMA.292/2013-RB dated October 4, 2013, and published in the Gazette on October 11, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-356/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8551&Mode=0"
  },
  {
   "question": "When did this direction become effective?",
   "answer": "The original direction was issued on February 17, 2021, and has been updated multiple times, with the latest update as of July 17, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12030&Mode=0"
  },
  {
   "question": "When did this exclusion take effect?",
   "answer": "The exclusion was effective from April 1, 2020, the same date Allahabad Bank stopped carrying on banking business.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11972&Mode=0"
  },
  {
   "question": "When did this framework become effective?",
   "answer": "The circular was issued on April 19, 2022, and the detailed guidelines were annexed for immediate implementation by NBFC-ULs.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-32/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12298&Mode=0"
  },
  {
   "question": "When did this inclusion take effect?",
   "answer": "The notification was issued on September 16, 2013, and published in the Gazette of India on October 25, 2013. The circular was sent to all state and district central cooperative banks on November 5, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-357/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8624&Mode=0"
  },
  {
   "question": "When did this limit increase take effect?",
   "answer": "The amendment was made via Notification No. FEMA.258/2013-RB dated February 15, 2013, and notified on July 12, 2013. The circular was issued on September 6, 2013, so banks should have implemented it from that date.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-233/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8387&Mode=0"
  },
  {
   "question": "When did this LoC become effective and what is its purpose?",
   "answer": "The LoC became effective on January 28, 2021, and is for financing the Greater Male Connectivity project (Male' to Thilafushi Link) in the Republic of Maldives.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12026&Mode=0"
  },
  {
   "question": "When did this LoC become effective and what is the terminal utilization period?",
   "answer": "The LoC is effective from February 8, 2022, and the terminal utilization period is 60 months from the scheduled completion date of the project.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-159/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12231&Mode=0"
  },
  {
   "question": "When did this LoC become effective and what is the utilization period?",
   "answer": "The LoC became effective on July 22, 2021, and the terminal utilization period is 60 months after the scheduled completion date of the project.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12145&Mode=0"
  },
  {
   "question": "When did this LoC become effective?",
   "answer": "The agreement is effective from April 9, 2021, with a terminal utilization period of 60 months after the scheduled project completion date.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12080&Mode=0"
  },
  {
   "question": "When did this name change take effect?",
   "answer": "The change was notified by RBI on December 27, 2013, and published in the Gazette of India on January 25, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-480/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8732&Mode=0"
  },
  {
   "question": "When did this notification take effect?",
   "answer": "The notification was issued on February 22, 2024, and is effective from that date.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-125/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12611&Mode=0"
  },
  {
   "question": "When did this rate change take effect?",
   "answer": "The repo rate hike to 6.50% and the adjustments to SDF (6.25%) and MSF (6.75%) took effect immediately from February 8, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-175/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12451&Mode=0"
  },
  {
   "question": "When did this repo rate cut take effect?",
   "answer": "The rate cut is effective from February 7, 2025, as announced in the Monetary Policy Statement.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12774&Mode=0"
  },
  {
   "question": "When did this repo rate hike take effect?",
   "answer": "The hike was effective immediately from October 29, 2013, as announced in the Second Quarter Review of Monetary Policy 2013-14.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-339/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8533&Mode=0"
  },
  {
   "question": "When did this revision take effect?",
   "answer": "The circular was issued on January 1, 2024, and is effective from that date. Banks should implement the changes immediately.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12588&Mode=0"
  },
  {
   "question": "When did this withdrawal take effect?",
   "answer": "The withdrawal was effective from the close of business on May 2, 2022, as stated in the RBI notification.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12306&Mode=0"
  },
  {
   "question": "When do CICs need to start providing DQI scores for commercial and microfinance segments?",
   "answer": "CICs must provide these DQIs to all credit institutions by March 31, 2024, and thereafter on a monthly basis.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12537&Mode=0"
  },
  {
   "question": "When do existing IT outsourcing agreements need to comply with these directions?",
   "answer": "Existing IT outsourcing agreements must comply either at the time of renewal or by April 10, 2026, whichever is earlier. New agreements signed after the effective date must comply immediately.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-220/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13088&Mode=0"
  },
  {
   "question": "When do I need to start submitting exclusively on CIMS?",
   "answer": "Form A from the reporting Friday of June 14, 2024; Form VIII from May 2024; and Form IX from December 31, 2024. Until these dates, submit on both portals.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12661&Mode=0"
  },
  {
   "question": "When do late payment charges apply?",
   "answer": "Only to outstanding amounts, not total due amounts",
   "page": "https://bankpulse.ai/c/rbi-2026-27-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13388&Mode=0"
  },
  {
   "question": "When do the Amendment Directions come into effect?",
   "answer": "The Amendment Directions come into effect on April 1, 2026 or on the date of adoption by the LAB, whichever is earlier.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13176&Mode=0"
  },
  {
   "question": "When do the amendments come into effect?",
   "answer": "The amendments will come into effect from October 1, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13405&Mode=0"
  },
  {
   "question": "When do the amendments come into force?",
   "answer": "The amendments come into force from April 01, 2027.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13382&Mode=0"
  },
  {
   "question": "When do the CRR and SLR changes take effect?",
   "answer": "Both changes are effective from the fortnight beginning July 12, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-628/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8922&Mode=0"
  },
  {
   "question": "When do the Master Directions come into effect?",
   "answer": "The Master Directions are effective immediately.",
   "page": "https://bankpulse.ai/c/rbi-doc-62941/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62941"
  },
  {
   "question": "When do the new definitions apply?",
   "answer": "Effective from January 1, 2027",
   "page": "https://bankpulse.ai/c/rbi-2026-27-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13488&Mode=0"
  },
  {
   "question": "When do the new directions apply?",
   "answer": "From the date of issue, i.e., May 18, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-91/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13458&Mode=0"
  },
  {
   "question": "When do the new directions come into effect?",
   "answer": "January 1, 2027",
   "page": "https://bankpulse.ai/c/rbi-doc-62938/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62938"
  },
  {
   "question": "When do the new Directions come into force?",
   "answer": "October 1, 2026, or an earlier date if the directions contained in the Reserve Bank of India (Commercial Banks – Credit Facilities) Third Amendment Directions, 2026 are adopted by a bank in entirety.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13479&Mode=0"
  },
  {
   "question": "When do the new directions take effect?",
   "answer": "The new directions take effect from July 1, 2026, giving RRBs time to prepare for compliance.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-77/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13432&Mode=0"
  },
  {
   "question": "When do the new ECL Directions take effect?",
   "answer": "The Directions come into force from April 1, 2027. Until then, banks must continue following the 2025 IRAC Directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2026-27-398/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13400&Mode=0"
  },
  {
   "question": "When do the new IRRBB guidelines take effect?",
   "answer": "The implementation date will be communicated later. However, banks must start submitting quarterly disclosures to RBI from the quarter ended March 2023 (D-SIBs) or June 2023 (other banks), within two months after each quarter end.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-180/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12456&Mode=0"
  },
  {
   "question": "When do the new multi-lender LSP rules take effect?",
   "answer": "Paragraph 6, covering RE-LSP arrangements involving multiple lenders, comes into effect from November 1, 2025. Other provisions are effective immediately from May 8, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12848&Mode=0"
  },
  {
   "question": "When do the new nomination directions take effect?",
   "answer": "The directions come into force from November 1, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12919&Mode=0"
  },
  {
   "question": "When do the new PSL Directions take effect?",
   "answer": "The Directions come into effect on April 1, 2025, and supersede the 2020 PSL Directions.",
   "page": "https://bankpulse.ai/c/rbi-fidd-2024-25-128/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12799&Mode=0"
  },
  {
   "question": "When do the new reporting requirements become effective?",
   "answer": "The amended directions take effect on 1 July 2026.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13181&Mode=0"
  },
  {
   "question": "When do the new responsible business conduct rules become effective?",
   "answer": "The amendment comes into force on 1 January 2027.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13486&Mode=0"
  },
  {
   "question": "When do the new risk weights take effect?",
   "answer": "The risk weight changes (paragraph 2A and 2B) are effective immediately from November 16, 2023. The requirement for Board-approved limits (paragraph 2C(a)) must be implemented by February 29, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12567&Mode=0"
  },
  {
   "question": "When do the new rules come into effect?",
   "answer": "April 1, 2027",
   "page": "https://bankpulse.ai/c/rbi-2026-27-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13388&Mode=0"
  },
  {
   "question": "When do the new rules take effect?",
   "answer": "Most provisions take effect immediately from August 16, 2024. However, item I(f)(ii) of the Annex will be effective from 90 days after the circular date, i.e., November 14, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-63/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12721&Mode=0"
  },
  {
   "question": "When do the new SBR guidelines take effect?",
   "answer": "The guidelines are effective from October 1, 2022. However, the ceiling on IPO funding mentioned in para 3.1(d) of the annex comes into effect from April 1, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12179&Mode=0"
  },
  {
   "question": "When do the numbering series requirements become mandatory?",
   "answer": "The circular advises using '160' series for transactional/service calls and '140' series for promotional calls 'when operationalized'. This means entities should prepare for implementation once the telecom infrastructure is ready, as per TRAI's guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12770&Mode=0"
  },
  {
   "question": "When do the revised capital guidelines take effect?",
   "answer": "The revised guidelines come into effect from April 1, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-542/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8809&Mode=0"
  },
  {
   "question": "When do the revised locker guidelines take effect?",
   "answer": "The revised instructions come into force from January 1, 2022, and apply to both new and existing safe deposit lockers and safe custody articles.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12146&Mode=0"
  },
  {
   "question": "When do the revised operational guidelines take effect?",
   "answer": "The revised guidelines are effective from April 2, 2026, the date of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13365&Mode=0"
  },
  {
   "question": "When do the revised regulations take effect?",
   "answer": "The revised regulations are applicable from January 1, 2025, with the liquid asset requirement increasing in two phases: to 14% by January 1, 2025, and to 15% by July 1, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12719&Mode=0"
  },
  {
   "question": "When do the revised service charges for cash deposits at CCs take effect?",
   "answer": "From October 1, 2025, large modern CCs will charge ₹11 per 100 pieces and other CCs ₹8 per 100 pieces for cash deposits from non-chest branches, up from the current ₹8 and ₹5 respectively.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2025-26-136/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12843&Mode=0"
  },
  {
   "question": "When do the updated norms come into effect?",
   "answer": "The updated norms come into effect from the date of issue, March 10, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-240/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13330&Mode=0"
  },
  {
   "question": "When do the updated VRR directions take effect?",
   "answer": "The updated directions are applicable from April 1, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-156/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12228&Mode=0"
  },
  {
   "question": "When do these accounting standards become effective?",
   "answer": "The guidelines are effective from the accounting year 2014-15, as per the RBI circular dated April 23, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-571/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8849&Mode=0"
  },
  {
   "question": "When do these amended directions take effect?",
   "answer": "The amendment directions came into effect from the date of issue, May 18, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13454&Mode=0"
  },
  {
   "question": "When do these amended provisions take effect?",
   "answer": "The amended provisions came into effect from March 7, 2024, the date of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12620&Mode=0"
  },
  {
   "question": "When do these amendments take effect?",
   "answer": "The revised instructions come into force with immediate effect from March 30, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12048&Mode=0"
  },
  {
   "question": "When do these changes take effect?",
   "answer": "The instructions came into force with immediate effect from October 26, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12555&Mode=0"
  },
  {
   "question": "When do these Directions come into effect?",
   "answer": "The Directions came into force with immediate effect from November 28, 2025, the date of issuance.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-207/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13102&Mode=0"
  },
  {
   "question": "When do these Directions take effect?",
   "answer": "The Directions come into force from May 2, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12784&Mode=0"
  },
  {
   "question": "When do these governance directions take effect?",
   "answer": "The directions come into force with immediate effect from the date of issuance, as stated in the notification.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-149/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13161&Mode=0"
  },
  {
   "question": "When do these guidelines take effect?",
   "answer": "They come into effect from the date of the circular, i.e., October 30, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12560&Mode=0"
  },
  {
   "question": "When do these instructions take effect?",
   "answer": "The instructions come into force with immediate effect from the date of the circular, March 23, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-185/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12258&Mode=0"
  },
  {
   "question": "When do these IPC guidelines take effect?",
   "answer": "The instructions came into force with immediate effect from May 3, 2024, the date of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12681&Mode=0"
  },
  {
   "question": "When do these KYC Directions take effect?",
   "answer": "The Directions came into effect from the date of issue, i.e., November 28, 2025.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-316/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12988&Mode=0"
  },
  {
   "question": "When do these new BSBD account rules take effect?",
   "answer": "The directions come into effect on April 1, 2026, or the date of adoption by the RRB, whichever is earlier. RRBs are encouraged to implement them as soon as possible.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13177&Mode=0"
  },
  {
   "question": "When do these new BSBD rules take effect?",
   "answer": "The directions come into effect on April 1, 2026, or on the date of adoption by the bank, whichever is earlier. Banks are encouraged to implement them as soon as possible.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13173&Mode=0"
  },
  {
   "question": "When do these new disclosure requirements become effective?",
   "answer": "They are effective for annual financial statements for the year ending March 31, 2023, and onwards.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-26/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12292&Mode=0"
  },
  {
   "question": "When do these new disclosure requirements take effect?",
   "answer": "They are applicable from the financial year 2014-15 onwards, meaning banks must include the new disclosures in their financial statements for that year.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-647/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8946&Mode=0"
  },
  {
   "question": "When do these new disclosure rules take effect?",
   "answer": "They apply to annual financial statements for the year ending March 31, 2023 and onwards.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-155/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12426&Mode=0"
  },
  {
   "question": "When do these new guidelines take effect?",
   "answer": "The guidelines come into effect from April 1, 2024, and apply to all accounting periods starting on or after that date.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12599&Mode=0"
  },
  {
   "question": "When do these new KYC directions take effect?",
   "answer": "The directions came into effect from the date of issue, November 28, 2025.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-218/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13090&Mode=0"
  },
  {
   "question": "When do these new margining directions take effect?",
   "answer": "The Master Direction comes into force on November 8, 2024, and applies to contracts entered into on or after that date.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2024-25-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12682&Mode=0"
  },
  {
   "question": "When do these new P2P directions take effect?",
   "answer": "The directions come into effect on the day they are placed on the website of the Reserve Bank.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-370/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12934&Mode=0"
  },
  {
   "question": "When do these new reporting timelines take effect?",
   "answer": "The amended directions come into force from July 1, 2026, giving RRBs time to adjust their systems and processes.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13183&Mode=0"
  },
  {
   "question": "When do these new rules take effect?",
   "answer": "The guidelines are effective immediately from October 11, 2022, unless otherwise specified in the annex of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-128/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12399&Mode=0"
  },
  {
   "question": "When do these new trading book rules take effect?",
   "answer": "The instructions are applicable from April 1, 2024, for all commercial banks except Regional Rural Banks.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-128/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12615&Mode=0"
  },
  {
   "question": "When do these operational instructions take effect?",
   "answer": "These directions come into effect from May 9, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-155/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12227&Mode=0"
  },
  {
   "question": "When do these rates become effective?",
   "answer": "The rates are effective from April 1, 2014, for the entire financial year 2014-15.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-526/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8779&Mode=0"
  },
  {
   "question": "When do these revised Directions take effect?",
   "answer": "The Directions are effective for accounting periods beginning on or after April 1, 2024.",
   "page": "https://bankpulse.ai/c/rbi-dor-2023-24-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12534&Mode=0"
  },
  {
   "question": "When do these revised instructions take effect?",
   "answer": "The circular is effective from April 1, 2024. Banks must have their systems and processes ready by that date.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12589&Mode=0"
  },
  {
   "question": "When do these revised limits take effect?",
   "answer": "The limits are effective from the date of the circular, i.e., December 30, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-159/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12432&Mode=0"
  },
  {
   "question": "When do these revised norms take effect?",
   "answer": "The guidelines are effective from the date of the circular, April 24, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12491&Mode=0"
  },
  {
   "question": "When do these revised thresholds take effect?",
   "answer": "The revised thresholds apply to annual financial statements for the year ending March 31, 2024, and onwards. For FY2022-23, the earlier thresholds (10% for commercial banks, 15% for UCBs incremental NPAs) remain in effect.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-130/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12401&Mode=0"
  },
  {
   "question": "When do we need to start reporting this data?",
   "answer": "RBI has not yet announced the effective date for reporting. The framework is issued now, but banks and PSOs will be advised separately on when to submit the geo-tagging information.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-187/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12260&Mode=0"
  },
  {
   "question": "When does EDPMS become mandatory for new shipping documents?",
   "answer": "From March 1, 2014, all new shipping documents must be reported on EDPMS. Old documents continue on the legacy system until further notice.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-507/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8759&Mode=0"
  },
  {
   "question": "When does the amendment become operative?",
   "answer": "The amendment is effective immediately upon issuance.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13389&Mode=0"
  },
  {
   "question": "When does the amendment come into effect?",
   "answer": "Immediately",
   "page": "https://bankpulse.ai/c/rbi-2026-27-132/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13503&Mode=0"
  },
  {
   "question": "When does the amendment come into force?",
   "answer": "The amendment comes into force immediately.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-209/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13293&Mode=0"
  },
  {
   "question": "When does the amendment take effect?",
   "answer": "Immediately upon issuance.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-16/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13378&Mode=0"
  },
  {
   "question": "When does the change take effect?",
   "answer": "The reassignment is effective from April 1, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-139/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12638&Mode=0"
  },
  {
   "question": "When does the CRR/SLR exemption become effective?",
   "answer": "The exemption applies from the reporting fortnight beginning July 1, 2026, based on NDTL computation as on June 15, 2026, and continues for subsequent fortnights as long as the deposits remain in the bank's books.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13473&Mode=0"
  },
  {
   "question": "When does the exemption become effective?",
   "answer": "From the reporting fortnight beginning July 1, 2026, based on NDTL computation as on June 15, 2026. It applies for the original deposit amount as long as the deposit remains in the bank's books.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13471&Mode=0"
  },
  {
   "question": "When does the first CRR reduction take effect?",
   "answer": "The first reduction to 4.25% applies from the reporting fortnight beginning December 14, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12754&Mode=0"
  },
  {
   "question": "When does the incremental CRR become effective and when will it be reviewed?",
   "answer": "The I-CRR is effective from the fortnight beginning August 12, 2023, and will be reviewed on September 8, 2023 or earlier.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12526&Mode=0"
  },
  {
   "question": "When does the loan become NPA under this scheme?",
   "answer": "The account is classified as sub-standard NPA even before the due date if the prescribed margin is not maintained. Additionally, standard NPA norms apply once principal or interest becomes overdue.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-419/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8657&Mode=0"
  },
  {
   "question": "When does the LoC become effective and what is the disbursement deadline?",
   "answer": "The LoC is effective from May 6, 2025. The last date for disbursement is 48 months after the scheduled completion date of the contract.",
   "page": "https://bankpulse.ai/c/rbi-2025-2026-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12849&Mode=0"
  },
  {
   "question": "When does the mandatory reporting start for new accounts?",
   "answer": "Mandatory reporting of RS data is required for all new loan accounts opened after July 1, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12178&Mode=0"
  },
  {
   "question": "When does the mandatory use of PRAVAAH take effect?",
   "answer": "The mandatory requirement starts from May 1, 2025. From this date, all regulated entities must submit applications for regulatory authorisations, licenses, and approvals only through the PRAVAAH portal.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-34/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12845&Mode=0"
  },
  {
   "question": "When does the new 2% limit take effect?",
   "answer": "The change is effective from January 1, 2022. Banks must comply with the reduced dip of 2% of NDTL for overnight MSF borrowing from that date.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-138/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12207&Mode=0"
  },
  {
   "question": "When does the new account detail become mandatory?",
   "answer": "The revised account details are effective from the date of the circular, i.e., 24 November 2025. All payments thereafter must use the new NEFT/RTGS account.",
   "page": "https://bankpulse.ai/c/rbi-fed-2025-26-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12924&Mode=0"
  },
  {
   "question": "When does the new CRR take effect?",
   "answer": "The 4.50% CRR applies from the reporting fortnight beginning May 21, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12313&Mode=0"
  },
  {
   "question": "When does the new fortnight definition take effect?",
   "answer": "The new definition of fortnight (1st-15th and 16th-last day of each month) comes into effect from December 15, 2025, as per the Banking Laws (Amendment) Act, 2025, notified in the Gazette of India dated December 08, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-149/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13225&Mode=0"
  },
  {
   "question": "When does the new limit become effective?",
   "answer": "The increased limit of ₹4 lakh is effective from the date of this circular, i.e., October 6, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12542&Mode=0"
  },
  {
   "question": "When does the new limit take effect?",
   "answer": "The enhancement is effective immediately from April 8, 2021, the date of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12074&Mode=0"
  },
  {
   "question": "When does the new LRS limit of USD 125,000 take effect?",
   "answer": "The enhanced limit is effective immediately from the date of the circular, June 3, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-624/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8918&Mode=0"
  },
  {
   "question": "When does the new Master Direction take effect?",
   "answer": "The Direction comes into force from April 1, 2024.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2023-24-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12592&Mode=0"
  },
  {
   "question": "When does the new MTM requirement take effect?",
   "answer": "The revised guidelines apply from April 1, 2014. The first MTM valuation for securities in AFS and HFT categories must be done as on that date.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-434/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8678&Mode=0"
  },
  {
   "question": "When does the new rate take effect?",
   "answer": "The revised Rupee value of Rs.80.603699 is effective from May 21, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-605/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8898&Mode=0"
  },
  {
   "question": "When does the new repo rate take effect?",
   "answer": "The repo rate hike to 4.40% is effective immediately from May 4, 2022, as per the RBI notification.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12309&Mode=0"
  },
  {
   "question": "When does the new reporting requirement take effect?",
   "answer": "The modified ECB-2 Return is applicable from the return for the month of April 2014 onwards.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-495/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8747&Mode=0"
  },
  {
   "question": "When does the new risk weight rule take effect?",
   "answer": "The restoration of risk weights to external rating-based levels is effective from April 1, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12787&Mode=0"
  },
  {
   "question": "When does the new RTGS system become operational?",
   "answer": "The new RTGS system goes live on October 19, 2013, replacing the old system entirely.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-324/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8508&Mode=0"
  },
  {
   "question": "When does the new rule come into effect?",
   "answer": "The new rule comes into effect from the date of issue, which is May 18, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-89/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13456&Mode=0"
  },
  {
   "question": "When does the new Rupee value take effect?",
   "answer": "The revised value of Rs.92.985396 is effective from September 2, 2013, as notified on August 28, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-266/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8428&Mode=0"
  },
  {
   "question": "When does the new SLBC convenorship take effect?",
   "answer": "The appointed day for Telangana's formation is June 2, 2014, and the SLBC convenorship assignment is effective from that date.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-617/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8910&Mode=0"
  },
  {
   "question": "When does the new SLR of 22.5% become effective?",
   "answer": "The reduced SLR of 22.5% applies from the fortnight beginning June 14, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-622/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8916&Mode=0"
  },
  {
   "question": "When does the new Tier I capital-based ceiling take effect?",
   "answer": "The change is effective from January 1, 2025, as per the circular.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-54/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12708&Mode=0"
  },
  {
   "question": "When does the new timing take effect?",
   "answer": "The revised timing is effective from November 5, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-351/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8545&Mode=0"
  },
  {
   "question": "When does the new trade reporting requirement start?",
   "answer": "From January 1, 2023, all rupee transactions by related entities of SPDs globally must be reported to CCIL's Trade Repository by 12:00 noon the next business day.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-126/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12397&Mode=0"
  },
  {
   "question": "When does the new value take effect?",
   "answer": "The revised Rupee value of Rs.86.857663 is effective from August 23, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-223/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8372&Mode=0"
  },
  {
   "question": "When does the PCA framework for government NBFCs become effective?",
   "answer": "It becomes effective from October 1, 2024, based on the audited financials of the NBFC as on March 31, 2024, or thereafter.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12543&Mode=0"
  },
  {
   "question": "When does the PCA framework for NBFCs take effect?",
   "answer": "It comes into effect from October 1, 2022, based on the financial position of NBFCs on or after March 31, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-139/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12208&Mode=0"
  },
  {
   "question": "When does the revised Bank Rate take effect?",
   "answer": "The revision is effective immediately from February 7, 2025, as announced in the Monetary Policy Statement.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12776&Mode=0"
  },
  {
   "question": "When does the revised framework take effect?",
   "answer": "The revised framework is effective from January 30, 2025, and supersedes the earlier circular dated January 10, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12773&Mode=0"
  },
  {
   "question": "When does the revised limit come into effect?",
   "answer": "The revised limit comes into effect on October 1, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-87/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12906&Mode=0"
  },
  {
   "question": "When does the scheme become effective?",
   "answer": "The scheme will be effective from the date it is notified in the Official Gazette. RBI will issue operational guidelines separately after notification.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-527/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8780&Mode=0"
  },
  {
   "question": "When does the six-month timeline start?",
   "answer": "The timeline starts from the date the account is classified as NPA under the Reserve Bank of India (Commercial Banks - Asset Classification, Provisioning and Income Recognition) Directions, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13384&Mode=0"
  },
  {
   "question": "When does the withdrawal take effect?",
   "answer": "The withdrawal is effective from the reporting fortnight beginning March 8, 2014. Banks must comply from that date onward.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-486/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8738&Mode=0"
  },
  {
   "question": "When does this amendment take effect?",
   "answer": "The changes come into force with immediate effect from the date of the circular, March 23, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12042&Mode=0"
  },
  {
   "question": "When does this annual review requirement take effect?",
   "answer": "The instruction is effective immediately from July 26, 2022, so UCBs must comply from the current financial year onward.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12361&Mode=0"
  },
  {
   "question": "When does this become effective?",
   "answer": "The circular is applicable with immediate effect from the date of issuance, January 1, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12761&Mode=0"
  },
  {
   "question": "When does this change take effect?",
   "answer": "The new pricing rule applies from the quarter starting April 1, 2014. RBI will announce the first average base rate on March 31, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-482/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8734&Mode=0"
  },
  {
   "question": "When does this circular take effect?",
   "answer": "The circular was issued on October 4, 2013, and is effective from that date. RRBs were advised to implement it immediately.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-312/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8490&Mode=0"
  },
  {
   "question": "When does this clarification take effect?",
   "answer": "The instructions are effective immediately from the date of the circular, November 23, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-141/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12413&Mode=0"
  },
  {
   "question": "When does this direction take effect?",
   "answer": "The direction comes into effect from June 14, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-50/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12109&Mode=0"
  },
  {
   "question": "When does this framework take effect?",
   "answer": "The framework comes into effect from June 1, 2023, and applies to all scheduled commercial banks (excluding RRBs, LABs, payments banks) and deposit-taking NBFCs including HFCs.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-14/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12487&Mode=0"
  },
  {
   "question": "When does this LoC become effective and what is the utilization period?",
   "answer": "The LoC is effective from September 12, 2022, and the terminal utilization period is 60 months from the scheduled completion date of the project.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12387&Mode=0"
  },
  {
   "question": "When does this Master Direction come into effect?",
   "answer": "It comes into effect six months from February 18, 2021, i.e., by August 18, 2021. However, instructions already issued by RBI departments take immediate effect or as per their original timelines.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12032&Mode=0"
  },
  {
   "question": "When does this Master Direction take effect?",
   "answer": "It came into effect on April 24, 2024, the date it was placed on RBI's website.",
   "page": "https://bankpulse.ai/c/rbi-dor-2024-25-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12669&Mode=0"
  },
  {
   "question": "When does this new limit become effective?",
   "answer": "The increased limit of ₹5,000 per transaction comes into effect from January 1, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11999&Mode=0"
  },
  {
   "question": "When does this new limit come into effect?",
   "answer": "The circular states it is effective immediately from the date of issuance, August 24, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12531&Mode=0"
  },
  {
   "question": "When does this new target apply?",
   "answer": "The target is effective for the period from July 2014 to June 2015 and will be reviewed annually thereafter.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-630/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8925&Mode=0"
  },
  {
   "question": "When does this prohibition take effect?",
   "answer": "The circular states it is effective immediately from the date of issuance, May 27, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-612/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8905&Mode=0"
  },
  {
   "question": "When does this revised criterion take effect?",
   "answer": "The revised provisions are effective from the date of the circular, i.e., June 06, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12856&Mode=0"
  },
  {
   "question": "When does this revised definition come into effect?",
   "answer": "The circular states that the instructions come into force with immediate effect from June 7, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12690&Mode=0"
  },
  {
   "question": "When does this revised direction come into effect?",
   "answer": "It is effective from the earlier of the date a bank decides to implement the related Credit Facilities Amendment Directions, 2026, or July 1, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-261/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13353&Mode=0"
  },
  {
   "question": "When does this revised form become effective?",
   "answer": "The circular is dated February 11, 2014, and the revised form must be used for all FDI reporting from that date onward.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-490/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8742&Mode=0"
  },
  {
   "question": "When does this revision take effect?",
   "answer": "The revision is effective from April 1, 2013, as per the Ministry of Finance notification.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-329/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8516&Mode=0"
  },
  {
   "question": "When does this rule take effect?",
   "answer": "The instructions are effective from March 31, 2023. You should ensure compliance by that date for all existing and new ratings.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-125/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12396&Mode=0"
  },
  {
   "question": "When does this take effect?",
   "answer": "The Positive Pay System must be implemented from January 1, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11969&Mode=0"
  },
  {
   "question": "When is JLF formation mandatory?",
   "answer": "JLF formation is mandatory when any lender reports an account as SMA-2 to CRILC and the aggregate exposure of all lenders is Rs 1000 million or more.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-503/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8754&Mode=0"
  },
  {
   "question": "When is the auction and reversal date?",
   "answer": "The auction is on June 17, 2026, from 11:00 AM to 11:30 AM. The reversal date is June 19, 2026 (Friday).",
   "page": "https://bankpulse.ai/c/rbi-doc-62950/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62950"
  },
  {
   "question": "When is the deadline for filing the revised FLA return?",
   "answer": "The annual return must be filed by July 15 every year, as previously stipulated.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-646/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8945&Mode=0"
  },
  {
   "question": "When is the December 2013 quarter CRILC return due?",
   "answer": "The return must be submitted within 10 working days from the date when the new installer is deployed on February 14, 2014, i.e., latest by February 26, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-492/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8744&Mode=0"
  },
  {
   "question": "When is the first return due on CIMS?",
   "answer": "The first return is for December 2025, and it must be submitted by January 7, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-170/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13246&Mode=0"
  },
  {
   "question": "When is the last date for disbursement?",
   "answer": "For project exports, 48 months from scheduled completion; for supply contracts, 72 months from the credit agreement execution date (September 5, 2019).",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-439/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8684&Mode=0"
  },
  {
   "question": "When is the reversal date for the auction?",
   "answer": "June 23, 2026",
   "page": "https://bankpulse.ai/c/rbi-doc-62940/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62940"
  },
  {
   "question": "When is this clarification effective?",
   "answer": "The circular is dated September 6, 2022, and is effective from that date.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12383&Mode=0"
  },
  {
   "question": "When must banks comply with the revised guidelines?",
   "answer": "Compliance is required from the earlier of the bank’s adoption of the related credit‑facility amendment or 1 July 2026.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-258/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13350&Mode=0"
  },
  {
   "question": "When must banks implement these new directions?",
   "answer": "Banks must implement the directions as expeditiously as possible, but no later than March 31, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12901&Mode=0"
  },
  {
   "question": "When must banks send alerts to customers under this circular?",
   "answer": "CICs must send SMS/email alerts when a specified user accesses the customer's credit information report. Banks (CIs) must send alerts when they submit default or days past due data to credit information companies.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12553&Mode=0"
  },
  {
   "question": "When must banks start applying the new limit?",
   "answer": "Banks must implement the revised instructions by January 1, 2025, and are advised to do so expeditiously.",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12755&Mode=0"
  },
  {
   "question": "When must banks transfer unclaimed deposits to the DEAF Fund?",
   "answer": "Banks must transfer amounts due each calendar month by the last working day of that month, within banking hours, using the E-Kuber portal.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-656/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8958&Mode=0"
  },
  {
   "question": "When must DLG be invoked?",
   "answer": "The RE shall invoke DLG within a maximum overdue period of 120 days, unless made good by the borrower before that.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12514&Mode=0"
  },
  {
   "question": "When must existing loans switch to the new penal charges regime?",
   "answer": "Existing loans must switch on their next review or renewal date falling on or after April 1, 2024, but no later than June 30, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12585&Mode=0"
  },
  {
   "question": "When must we start offering the multi-network choice to existing cardholders?",
   "answer": "For existing cardholders, the option must be provided at the time of the next renewal. The overall mandate becomes effective six months from March 6, 2024, i.e., by September 6, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-131/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12619&Mode=0"
  },
  {
   "question": "When must we start using the new capital market exposure table?",
   "answer": "The amendment takes effect from the date your bank decides to implement the Reserve Bank of India (Small Finance Banks – Credit Facilities) Amendment Directions, 2026, or from April 1, 2026, whichever is earlier. You must adopt the new table from that date.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-219/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13303&Mode=0"
  },
  {
   "question": "When should the interest be paid to account holders?",
   "answer": "Interest must be disbursed on January 1, 2014, through electronic modes like ECS/NECS/NEFT/RTGS or by account payee cheques.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-415/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8641&Mode=0"
  },
  {
   "question": "When was Hojai district officially formed?",
   "answer": "The Government of Assam notified the formation of Hojai district on September 7, 2023, through a gazette notification.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12609&Mode=0"
  },
  {
   "question": "When was Meluri district officially created?",
   "answer": "The Government of Nagaland notified the creation of Meluri district on November 2, 2024, through a gazette notification.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12762&Mode=0"
  },
  {
   "question": "When was Phase 1 implemented?",
   "answer": "Phase 1 of continuous clearing and settlement on realisation in CTS was implemented on October 4, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-156/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13232&Mode=0"
  },
  {
   "question": "When was Soreng district officially formed?",
   "answer": "The Government of Sikkim notified its formation on December 20, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-177/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12453&Mode=0"
  },
  {
   "question": "When was Tamulpur district officially created?",
   "answer": "The Assam government notified the formation of Tamulpur district on September 7, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12667&Mode=0"
  },
  {
   "question": "When will RRBs be able to start using LAF and MSF?",
   "answer": "The effective date for eligibility will be communicated separately by RBI.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12004&Mode=0"
  },
  {
   "question": "When will the amendments come into effect?",
   "answer": "The amendments will come into effect from April 1, 2027.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-27/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13380&Mode=0"
  },
  {
   "question": "When will the auction be held?",
   "answer": "June 17, 2026",
   "page": "https://bankpulse.ai/c/rbi-doc-62947/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62947"
  },
  {
   "question": "When will the auction results be announced?",
   "answer": "The results will be announced on May 2, 2014, the same day as the auction.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-576/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8858&Mode=0"
  },
  {
   "question": "When will the ceiling be reviewed again?",
   "answer": "The ceiling will be reviewed after March 31, 2014, as stated in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-301/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8474&Mode=0"
  },
  {
   "question": "When will the changes be effective?",
   "answer": "The changes will be effective from January 1, 2027.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13494&Mode=0"
  },
  {
   "question": "When will the changes come into effect?",
   "answer": "The changes will come into effect on January 01, 2027.",
   "page": "https://bankpulse.ai/c/rbi-doc-13501/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13501&Mode=0"
  },
  {
   "question": "When will the first term repo auction be held?",
   "answer": "The first auction is for 7-day tenor on October 11, 2013, with the notified amount announced on October 10, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-319/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8501&Mode=0"
  },
  {
   "question": "When will the full harmonization of HFC and NBFC regulations take place?",
   "answer": "RBI has indicated that further harmonization will be done in a phased manner over the next two years to ensure a smooth transition with minimal disruption. A comprehensive Master Direction for HFCs will be issued shortly.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-60/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11988&Mode=0"
  },
  {
   "question": "When will the new operational risk capital rules take effect?",
   "answer": "The effective date has not been announced yet. RBI will communicate it separately. Until then, banks must continue using the existing Basel III capital circular instructions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2023-24-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12520&Mode=0"
  },
  {
   "question": "When will the new regulations come into effect?",
   "answer": "The new regulations will come into effect from January 01, 2027, and will be applicable to OTC derivative transactions entered into on or after the date the directions come into effect.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-222/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13307&Mode=0"
  },
  {
   "question": "When will the online filing for Annex 1 returns start?",
   "answer": "RBI has not yet announced the exact date; it will be notified in due course. Until then, continue submitting returns as currently done.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-168/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12240&Mode=0"
  },
  {
   "question": "When will the online filing start?",
   "answer": "RBI has not yet announced the exact date. It will be notified in due course, so banks should stay alert for further circulars.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-170/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12242&Mode=0"
  },
  {
   "question": "When will the online submission start?",
   "answer": "RBI has not yet announced the exact date. It will be notified in due course. Until then, continue using current paper or email methods.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-173/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12245&Mode=0"
  },
  {
   "question": "When will the special asset classification benefit for restructured loans be withdrawn?",
   "answer": "The special asset classification benefit will be withdrawn from April 1, 2015, except for provisions related to changes in DCCO for infrastructure and non-infrastructure project loans.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-459/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8706&Mode=0"
  },
  {
   "question": "When will the underwriting commission be paid?",
   "answer": "The underwriting commission will be credited to the current account of the respective Primary Dealers with RBI on the day the securities are issued.",
   "page": "https://bankpulse.ai/c/rbi-doc-62956/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62956"
  },
  {
   "question": "When will these auctions be conducted?",
   "answer": "The auctions will usually be held on non-reporting Fridays. The first auction is scheduled for June 6, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-627/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8921&Mode=0"
  },
  {
   "question": "When will these changes take effect?",
   "answer": "The exact date of discontinuation/merger and online filing will be notified by RBI in due course. No immediate action is required until then.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-163/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12235&Mode=0"
  },
  {
   "question": "Where can banks find the latest procedural guidelines for SGB servicing?",
   "answer": "RBI has issued consolidated procedural guidelines via circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021 (updated as on October 4, 2022), available on the RBI website. Banks must follow these instructions for all procedural aspects and investor services.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-156/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12429&Mode=0"
  },
  {
   "question": "Where can customers exchange or deposit ₹2000 notes now?",
   "answer": "Since October 9, 2023, exchange/deposit is available only at the 19 RBI Issue Offices listed in the circular. Bank branches no longer offer this facility.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13476&Mode=0"
  },
  {
   "question": "Where can entities obtain an LEI in India?",
   "answer": "Entities can obtain LEI from Legal Entity Identifier India Ltd. (LEIL), which is recognized by RBI and accredited by GLEIF. Details are available at https://www.ccilindia-lei.co.in.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-137/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12206&Mode=0"
  },
  {
   "question": "Where can exporters get more details about this LoC?",
   "answer": "Exporters should contact Exim Bank's office at Centre One, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai 400 005, or visit their website www.eximbankindia.in.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-114/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12385&Mode=0"
  },
  {
   "question": "Where can gold price risk be hedged?",
   "answer": "Gold hedging is permitted only on exchanges in the International Financial Services Centre (IFSC) recognized by the IFSCA, not in other overseas markets.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-153/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12428&Mode=0"
  },
  {
   "question": "Where can I access the latest UNSC sanctions lists?",
   "answer": "The latest lists are available on the UN Security Council website at https://www.un.org/securitycouncil/sanctions/1718 for DPRK and https://www.un.org/securitycouncil/content/2231/list for Iran.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-48/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12522&Mode=0"
  },
  {
   "question": "Where can I find detailed guidelines for implementation?",
   "answer": "The scheme guidelines are issued by the Ministry of Micro, Small and Medium Enterprises. Lenders should refer to those for specific operational details.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12536&Mode=0"
  },
  {
   "question": "Where can I find more information?",
   "answer": "More information is available on the RBI website",
   "page": "https://bankpulse.ai/c/rbi-2022-23-129/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12400&Mode=0"
  },
  {
   "question": "Where can I find the 244 Master Directions?",
   "answer": "The Master Directions can be found on the RBI website.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-100/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13170&Mode=0"
  },
  {
   "question": "Where can I find the complete sanctions list?",
   "answer": "The full list is available on the UN website at http://www.un.org/sc/committees/1988/list.shtml.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-258/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8416&Mode=0"
  },
  {
   "question": "Where can I find the complete updated sanctions list?",
   "answer": "The full list is available on the UN Security Council website at www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list and for Taliban-related entries at www.un.org/securitycouncil/sanctions/1988/materials.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-183/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12255&Mode=0"
  },
  {
   "question": "Where can I find the consolidated procedural guidelines for servicing SGBs?",
   "answer": "RBI has issued a separate circular (IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021) available on the RBI website, which all receiving offices must follow.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12180&Mode=0"
  },
  {
   "question": "Where can I find the FAQs on the FCNR(B) swap window?",
   "answer": "The FAQs are available on the RBI website under the section 'FAQs' at http://rbi.org.in/scripts/FAQView.aspx?Id=98, and are also annexed to this circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-273/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8437&Mode=0"
  },
  {
   "question": "Where can I find the full amendment text?",
   "answer": "The amendment notification is enclosed with the RBI circular; refer to the official RBI notification for the complete document.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-143/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12212&Mode=0"
  },
  {
   "question": "Where can I find the full BIS standard?",
   "answer": "The standard IS 18663:2024 is available at the link provided in the circular: https://www.services.bis.gov.in/tmp/LITD42522283_07032024_1.pdf",
   "page": "https://bankpulse.ai/c/rbi-2024-2025-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12745&Mode=0"
  },
  {
   "question": "Where can I find the full list and de-listing information?",
   "answer": "The complete list is on the UN website at http://www.un.org/sc/committees/1267/pressreleases.shtml, and de-listing details at http://www.un.org/sc/committees/1267/delisting.shtml.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-432/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8676&Mode=0"
  },
  {
   "question": "Where can I find the full list of withdrawn circulars?",
   "answer": "The list is in the annex of RBI circular RBI/2023-24/129 dated March 1, 2024. It includes 34 circulars from 1966 to 2016 on audit and reporting topics.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-129/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12617&Mode=0"
  },
  {
   "question": "Where can I find the full updated sanctions list?",
   "answer": "The complete ISIL (Da'esh) and Al-Qaida Sanctions List is available at www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list and the Taliban list at www.un.org/securitycouncil/sanctions/1988/materials.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-167/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12442&Mode=0"
  },
  {
   "question": "Where can I find the latest sanctions lists?",
   "answer": "The updated lists are available on the UNSC website at www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list and for Taliban at www.un.org/securitycouncil/sanctions/1988/materials.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-70/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12728&Mode=0"
  },
  {
   "question": "Where can I find the latest UNSC sanctions list?",
   "answer": "The updated ISIL & Al-Qaida sanctions list is available at www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list. The Taliban list is at www.un.org/securitycouncil/sanctions/1988/materials.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-121/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12788&Mode=0"
  },
  {
   "question": "Where can I find the latest UNSC sanctions lists?",
   "answer": "The latest versions are accessible on the UN Security Council's website at the URLs provided in the circular: one for DPRK sanctions and one for Iran sanctions.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12521&Mode=0"
  },
  {
   "question": "Where can I find the list of circulars consolidated in this master circular?",
   "answer": "The list is provided in Annex 6 of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12171&Mode=0"
  },
  {
   "question": "Where can I find the list of circulars that have been consolidated?",
   "answer": "Annex 5 of the Master Circular provides the list of circulars that have been consolidated into this document.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12657&Mode=0"
  },
  {
   "question": "Where can I find the list of consolidated circulars?",
   "answer": "The list is provided in Annex 9 of the Master Circular.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12658&Mode=0"
  },
  {
   "question": "Where can I find the new application forms?",
   "answer": "The revised forms are available on the PRAVAAH portal. They have been removed from the Master Direction document itself.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13401&Mode=0"
  },
  {
   "question": "Where can I find the official RBI Master Directions for Consumer Protection?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 13 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for Currency Management?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 91 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for Department of Regulation?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 2302 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for Enforcement?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 2 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for Financial Inclusion & Priority Sector?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 893 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for Financial Markets Regulation?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 232 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for Foreign Exchange (FEMA)?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 939 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for General / Cross-departmental?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 8 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for Government & Bank Accounts?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 176 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for Information Technology & Cyber?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 15 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for Internal Debt Management?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 148 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for NBFC Regulation?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 318 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for Payment & Settlement Systems?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 259 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the official RBI Master Directions for Supervision?",
   "answer": "Every entry on this page links directly to its official notification on rbi.org.in — we never reproduce RBI text verbatim. Start with the Master Direction / Master Circular anchors listed above for the consolidated rulebook, or browse the 73 tracked circulars in this family. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I find the updated sanctions list?",
   "answer": "The updated Al-Qaida sanctions list (twentieth to thirtieth updates) is available on the UN website at the URLs provided in the circular, including http://www.un.org/sc/committees/1267/aq_sanctions_list.shtml.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-443/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8688&Mode=0"
  },
  {
   "question": "Where can I find the User Manual for submission of 'LRS daily return' on CIMS?",
   "answer": "Under 'Downloads' on the CIMS portal",
   "page": "https://bankpulse.ai/c/rbi-2025-26-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13172&Mode=0"
  },
  {
   "question": "Where can I monitor system prudential health?",
   "answer": "The bank-health scorecard (CRAR, GNPA, PCR, RoA, LCR) and the NPA tracker give a system-level read on prudential strength, and the penalty tracker shows enforcement activity, all linked in the Live data section below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I read the official penalty order?",
   "answer": "Each penalty on this tracker links to the official RBI press release on rbi.org.in. BankPulse does not reproduce RBI text verbatim.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I see live data for these entities?",
   "answer": "The NPA tracker and bank-health scorecard provide asset-quality and prudential context, and the penalty tracker shows enforcement activity, all linked in the Live data section below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I see live lending and asset-quality data?",
   "answer": "The live dashboards in this cluster track the repo-rate path, system credit and deposit growth, and gross and net NPA trends, all sourced from RBI data and linked in the Live data section below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can I see related live data?",
   "answer": "The penalty tracker shows enforcement activity relevant to payment operations, and the bank-health scorecard gives system context, both linked in the Live data section below.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where can we access the full updated sanctions list?",
   "answer": "The complete list is available on the UN website at http://www.un.org/sc/committees/1267/aq_sanctions_list.shtml. RBI also circulates updates via its circulars.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-267/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8430&Mode=0"
  },
  {
   "question": "Where can we access the latest UN Al-Qaida sanctions list updates?",
   "answer": "The updates are available on the UN website at the URLs provided in the circular: http://www.un.org/News/Press/docs/2013/sc11089.doc.htm, http://www.un.org/News/Press/docs//2013/sc11099.doc.htm, and http://www.un.org/News/Press/docs//2013/sc11104.doc.htm for the 20th and 21st updates, and the full list at http://www.un.org/sc/committees/1267/aq_sanctions_list.shtml.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-238/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8391&Mode=0"
  },
  {
   "question": "Where can we find press releases about list changes?",
   "answer": "Press releases for list updates are available on the UN Committee's website at http://www.un.org/sc/committees/1267/pressreleases.shtml. De-listing information is at http://www.un.org/sc/committees/1267/delisting.shtml.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-408/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8628&Mode=0"
  },
  {
   "question": "Where can we find press releases on list changes?",
   "answer": "Press releases are posted on the UN Committee's website at http://www.un.org/sc/committees/1267/pressreleases.shtml.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-404/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8623&Mode=0"
  },
  {
   "question": "Where can we find the complete updated sanctions list?",
   "answer": "The full updated lists for ISIL (Da'esh), Al-Qaida, and Taliban are available on the UN Security Council website at www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list and for Taliban at www.un.org/securitycouncil/sanctions/1988/materials.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12677&Mode=0"
  },
  {
   "question": "Where can we find the full updated sanctions list?",
   "answer": "The updated lists are available on the UNSC website at www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list and for Taliban at the 1988 materials link.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-111/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12044&Mode=0"
  },
  {
   "question": "Where can we find the list of circulars that have been consolidated in this Master Circular?",
   "answer": "The list of consolidated circulars is provided in Annex 9 of the Master Circular, which you should refer to for the complete record.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-14/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12821&Mode=0"
  },
  {
   "question": "Where can we find the revised form and FAQs?",
   "answer": "The form is under 'Forms category → FEMA Forms' and FAQs under 'FAQs category → Foreign Exchange' on the RBI website (www.rbi.org.in).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-646/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8945&Mode=0"
  },
  {
   "question": "Where can we find the updated FATF statement?",
   "answer": "The statement and document are available at the URLs provided in the circular: http://www.fatf-gafi.org/media/fatf/documents/statements/Public-Statement-14-February-2014.pdf and http://www.fatf-gafi.org/topics/high-riskandnon-cooperativejurisdictions/documents/fatf-compliance-feb-2014.html.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-519/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8771&Mode=0"
  },
  {
   "question": "Where can we find the updated list?",
   "answer": "The full list is available on the UN website at www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-119/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12605&Mode=0"
  },
  {
   "question": "Where can we find the updated sanctions list?",
   "answer": "The updated list is available on the UN Security Council website at https://www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list and for Taliban-related entries at https://www.un.org/securitycouncil/sanctions/1988/materials.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12162&Mode=0"
  },
  {
   "question": "Where can we find the updated UN sanctions list?",
   "answer": "The updated list is available at www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list and for Taliban at www.un.org/securitycouncil/sanctions/1988/materials.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-178/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12250&Mode=0"
  },
  {
   "question": "Where can we find the updated UNSC sanctions list?",
   "answer": "The updated list is available at www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list. The UNSC press release and details on delisting procedures are also linked in the RBI circular.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12033&Mode=0"
  },
  {
   "question": "Where can we find the updated UNSC sanctions lists?",
   "answer": "The updated lists are available at www.un.org/securitycouncil/sanctions/1267/aq_sanctions_list and for Taliban at www.un.org/securitycouncil/sanctions/1988/materials.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12508&Mode=0"
  },
  {
   "question": "Where can we get details of the eligible goods and terms?",
   "answer": "AD banks and exporters should contact State Bank of India's International Banking Group at its Corporate Centre in Mumbai or visit SBI's website for the complete credit facility agreement details.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-53/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12320&Mode=0"
  },
  {
   "question": "Where do we report reverse repos with original tenor exceeding 14 days?",
   "answer": "Reverse repos with original tenor more than 14 days are classified under Schedule 9 – 'Advances', specifically under 'Cash credits, overdrafts and loans repayable on demand' and 'Secured by tangible assets', with the counterparty shown as 'Banks' or 'Others' as applicable.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12322&Mode=0"
  },
  {
   "question": "Where do we submit agency commission claims for direct tax collections under TIN 2.0?",
   "answer": "All such claims must be submitted to the Mumbai Regional Office of RBI. This is a change from the earlier practice of sending them to CAS Nagpur for central government transactions.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-136/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12408&Mode=0"
  },
  {
   "question": "Where do we submit the application for prior approval?",
   "answer": "Applications must be submitted to the Regional Office of the Department of Non-Banking Supervision where the NBFC's registered office is located.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-606/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8899&Mode=0"
  },
  {
   "question": "Where does BankPulse get its dashboard data?",
   "answer": "Every figure comes only from official Reserve Bank of India publications — the Financial Stability Report, Report on Trend & Progress, Monetary Policy Committee statements, fortnightly scheduled-commercial-bank data and RBI press releases. Each dashboard links back to its source on rbi.org.in.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where does the dashboard data come from?",
   "answer": "Every figure is sourced from RBI publications — the Financial Stability Report, Report on Trend & Progress, MPC statements and fortnightly scheduled-commercial-bank data on rbi.org.in. Each dashboard links back to its RBI source.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where does this bank-group data come from?",
   "answer": "The figures are based on the Reserve Bank of India's Database on the Indian Economy (DBIE), specifically the 'Deposits and Credit of Scheduled Commercial Banks - bank group-wise' tables, and the RBI's Basic Statistical Returns. The shares shown here are approximate recent values; see RBI DBIE for the exact, latest numbers.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Where should AD banks approach for delayed FC-TRS beyond 60 days?",
   "answer": "For stock exchange acquisitions by NRIs, AD banks approach the Regional Office of RBI's Foreign Exchange Department. For other cases, existing practice continues.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-577/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8859&Mode=0"
  },
  {
   "question": "Where should ARCs send the application?",
   "answer": "The application, along with Annex I and Annex II documents, should be sent to the Department of Regulation, Central Office, Mumbai, at the address or email provided in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-127/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12614&Mode=0"
  },
  {
   "question": "Where should LEI be included in RTGS and NEFT messages?",
   "answer": "For RTGS, LEI goes in the 'Remittance information' field. For NEFT outward debit messages, it goes in the 'Sender to Receiver Information' field.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12010&Mode=0"
  },
  {
   "question": "Where should SFBs apply for the AD Category-I license?",
   "answer": "Applications with supporting documents must be sent to the Foreign Exchange Department, Central Office, Reserve Bank of India.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12373&Mode=0"
  },
  {
   "question": "Where was this cessation published?",
   "answer": "It was published in the Gazette of India (Part III - Section 4) dated August 17–23, 2024.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12727&Mode=0"
  },
  {
   "question": "Which activities cannot be outsourced under these guidelines?",
   "answer": "Core management functions such as policy formulation, internal audit, compliance with KYC norms, credit sanction, and management of investment portfolio cannot be outsourced.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-64/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12123&Mode=0"
  },
  {
   "question": "Which AIFIs are covered by this amendment?",
   "answer": "The circular applies to EXIM Bank, NABARD, NaBFID, NHB, and SIDBI.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-116/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12783&Mode=0"
  },
  {
   "question": "Which asset reconstruction companies are affected by these directions?",
   "answer": "All asset reconstruction companies registered with the Reserve Bank under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 are affected by these directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-375/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12929&Mode=0"
  },
  {
   "question": "Which authorities can issue guardianship certificates that banks must accept?",
   "answer": "District courts or collectors under the Mental Health Act, 1987, and Local Level Committees under the National Trust Act, 1999.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-444/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8689&Mode=0"
  },
  {
   "question": "Which authorities can issue valid guardianship certificates for opening bank accounts?",
   "answer": "Under the Mental Health Act, 1987, district courts and collectors can appoint guardians. Under the National Trust Act, 1999, Local Level Committees can appoint guardians for persons with autism, cerebral palsy, mental retardation, or multiple disabilities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-456/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8702&Mode=0"
  },
  {
   "question": "Which bank group has the largest share of deposits in India?",
   "answer": "Public Sector Banks (PSBs) hold the largest share of India's scheduled-commercial-bank deposits - of the order of 59% - followed by Private Sector Banks at about 34%, Foreign Banks around 4%, and Regional Rural Banks, Small Finance Banks and others making up the remaining ~3%. These are approximate recent shares; RBI's DBIE publishes the exact bank-group-wise figures.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Which bank has been assigned as the Lead Bank for the new districts?",
   "answer": "Union Bank of India has been assigned as the Lead Bank for the new districts Polavaram and Markapuram.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13368&Mode=0"
  },
  {
   "question": "Which bank has been assigned lead bank responsibility for the new districts?",
   "answer": "State Bank of India has been assigned lead bank responsibility for all four newly formed districts: North Garo Hills, East Jaintia Hills, South West Khasi Hills, and South West Garo Hills.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-417/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8649&Mode=0"
  },
  {
   "question": "Which bank has been assigned the most lead bank responsibilities in the new Andhra Pradesh districts?",
   "answer": "Union Bank of India has been assigned lead bank responsibility for 9 of the 13 new districts, including Alluri Sitharama Raju, Anakapalli, Bapatla, Eluru, Kakinada, Konaseema, Nandyal, NTR, Palnadu, and Tirupati.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12353&Mode=0"
  },
  {
   "question": "Which bank is the Lead Bank for Bajali district?",
   "answer": "Canara Bank has been assigned the Lead Bank responsibility for Bajali district, with district working code 01O.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13463&Mode=0"
  },
  {
   "question": "Which bank is the SLBC convenor for the residual Andhra Pradesh?",
   "answer": "Andhra Bank retains the SLBC convenorship for Andhra Pradesh after the carving out of Telangana.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-617/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8910&Mode=0"
  },
  {
   "question": "Which banks are affected by this change?",
   "answer": "All Scheduled Commercial Banks, including Regional Rural Banks and Payment Banks, are required to comply with this change.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-170/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12242&Mode=0"
  },
  {
   "question": "Which banks are affected by this circular?",
   "answer": "This circular applies to all Regional Rural Banks (RRBs), State Cooperative Banks (StCBs), and Central Cooperative Banks (CCBs).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-489/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8741&Mode=0"
  },
  {
   "question": "Which banks are covered by this circular?",
   "answer": "The circular addresses State Bank of India, its associate banks, and multiple public sector banks including Bank of Baroda, Canara Bank, Punjab National Bank, and others listed in the document.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-415/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8641&Mode=0"
  },
  {
   "question": "Which banks are covered by this directive?",
   "answer": "This directive applies to Scheduled Primary (Urban) Co-operative Banks that hold an AD Category I licence for foreign exchange business.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-207/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8353&Mode=0"
  },
  {
   "question": "Which banks are covered under the updated definition of 'Bank'?",
   "answer": "The definition now explicitly includes Payment Banks and Small Finance Banks, along with existing categories like commercial banks, RRBs, and cooperative banks.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-79/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12108&Mode=0"
  },
  {
   "question": "Which banks are covered under these directions?",
   "answer": "All scheduled commercial banks (including RRBs), small finance banks, payments banks, local area banks, and all cooperative banks (urban, state, and district central) are covered, unless stated otherwise.",
   "page": "https://bankpulse.ai/c/rbi-dor-2021-22-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12131&Mode=0"
  },
  {
   "question": "Which banks are covered under these norms?",
   "answer": "These directions apply to all Rural Co-operative Banks, defined as State Co-operative Banks and Central Co-operative Banks under the NABARD Act, 1981.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-300/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13004&Mode=0"
  },
  {
   "question": "Which banks are covered under this circular?",
   "answer": "All scheduled commercial banks except Regional Rural Banks (RRBs).",
   "page": "https://bankpulse.ai/c/rbi-2021-22-171/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12243&Mode=0"
  },
  {
   "question": "Which banks are covered under this direction?",
   "answer": "All Scheduled Commercial Banks except Small Finance Banks, Payments Banks, and Regional Rural Banks are covered.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12904&Mode=0"
  },
  {
   "question": "Which banks are covered under this Master Circular?",
   "answer": "All Scheduled Commercial Banks except Regional Rural Banks (RRBs) must comply with these guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-24/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12670&Mode=0"
  },
  {
   "question": "Which banks are covered under this Master Direction?",
   "answer": "All Commercial Banks, including banking companies, corresponding new banks, and State Bank of India, are covered. Local Area Banks, Payments Banks, Regional Rural Banks, and Small Finance Banks are excluded.",
   "page": "https://bankpulse.ai/c/rbi-dor-2023-24-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12520&Mode=0"
  },
  {
   "question": "Which banks are eligible for the interest subvention?",
   "answer": "Public Sector Banks, Private Sector Banks (in respect of loans given by their rural and semi-urban branches only), Small Finance Banks, and computerized PACS ceded to SCBs are eligible.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-139/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12411&Mode=0"
  },
  {
   "question": "Which banks are eligible for this general permission?",
   "answer": "Only Scheduled Commercial Banks (excluding foreign banks, Small Finance Banks, Payment Banks, and RRBs) that meet minimum regulatory capital requirements, including CCB, D-SIB, and CCyB, are eligible.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-136/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12205&Mode=0"
  },
  {
   "question": "Which banks are eligible to apply for PCM status on IIBX?",
   "answer": "Domestic scheduled commercial banks and foreign banks with a Wholly Owned Subsidiary in India that are authorized to deal in foreign exchange and have a branch in GIFT-IFSC are eligible.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12330&Mode=0"
  },
  {
   "question": "Which banks are eligible to participate?",
   "answer": "All Scheduled Commercial Banks are eligible, except Regional Rural Banks (RRBs).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-627/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8921&Mode=0"
  },
  {
   "question": "Which banks are excluded from the application of this circular?",
   "answer": "Payment Banks and Regional Rural Banks (RRBs) are excluded from the scope of this Master Circular.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-12/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12820&Mode=0"
  },
  {
   "question": "Which banks are excluded from this circular?",
   "answer": "Regional Rural Banks (RRBs) are excluded from this change.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-621/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8915&Mode=0"
  },
  {
   "question": "Which banks are excluded from this relaxation?",
   "answer": "Small finance banks and payment banks are excluded; they must continue to follow the earlier RBI-prescribed limits for Call and Notice Money Market borrowing.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12511&Mode=0"
  },
  {
   "question": "Which banks are exempt from these Directions?",
   "answer": "Payments Banks and Regional Rural Banks are excluded from applicability.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-131/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12402&Mode=0"
  },
  {
   "question": "Which banks are impacted by this change?",
   "answer": "This circular applies to all banks, meaning every scheduled commercial bank must comply with the revised Bank Rate and linked penal rates.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-174/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12450&Mode=0"
  },
  {
   "question": "Which banks are impacted by this circular?",
   "answer": "This circular applies to all Regional Rural Banks, State Cooperative Banks, and Central Cooperative Banks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-475/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8723&Mode=0"
  },
  {
   "question": "Which banks are primarily responsible for implementing this circular?",
   "answer": "All Category-I Authorised Dealer banks must bring the contents to their constituents and customers.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-537/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8792&Mode=0"
  },
  {
   "question": "Which banks are required to comply with this circular?",
   "answer": "All Category-I Authorised Dealer banks are required to comply.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12578&Mode=0"
  },
  {
   "question": "Which banks are required to comply?",
   "answer": "All AD Category-I banks must implement this revision and inform their constituents.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-223/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8372&Mode=0"
  },
  {
   "question": "Which banks are required to follow this circular?",
   "answer": "All Scheduled Commercial Banks (excluding RRBs), Small Finance Banks, Primary (Urban) Cooperative Banks, and EXIM Bank.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-65/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12124&Mode=0"
  },
  {
   "question": "Which banks are required to implement this circular?",
   "answer": "All banks operating PPF and SCSS schemes, including SBI, its associates, nationalized banks, and private banks like ICICI and IDBI, must comply.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-526/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8779&Mode=0"
  },
  {
   "question": "Which banks are required to implement this revision?",
   "answer": "All AD Category-I banks, which are authorized to deal in foreign exchange, must implement the revised Rupee value and inform their constituents.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-333/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8521&Mode=0"
  },
  {
   "question": "Which banks are the new lead banks for the five districts?",
   "answer": "State Bank of India is lead bank for Sarangarh-Bilaigarh, Khairagarh-Chhuikhadan-Gandai, and Sakti. Bank of Baroda for Mohla-Manpur-Ambagarh Chouki. Central Bank of India for Manendragarh-Chirmiri-Bharatpur.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-161/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12434&Mode=0"
  },
  {
   "question": "Which banks are the new lead banks for the four new districts?",
   "answer": "State Bank of India is lead bank for Tseminyu, Niuland, and Shamator. Bank of Baroda is lead bank for Chumoukedima.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-138/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12410&Mode=0"
  },
  {
   "question": "Which banks can present instruments in the special clearing?",
   "answer": "Only agency banks that handle government business are permitted to present instruments in the special clearing on other participating banks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-536/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8791&Mode=0"
  },
  {
   "question": "Which banks got lead bank responsibility for the new districts?",
   "answer": "Dena Bank got Arvalli, Botad, and Devbhumi Dwarka; Bank of Baroda got Chhotaudepur and Mahisagar; State Bank of India got Gir Somnath and Morbi.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-358/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8553&Mode=0"
  },
  {
   "question": "Which banks have been assigned as lead banks for the new districts?",
   "answer": "Punjab National Bank gets 6 districts, State Bank of India 4, Bank of Baroda 4, UCO Bank 3, and ICICI Bank 2. Specific districts are listed in the RBI circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12564&Mode=0"
  },
  {
   "question": "Which banks report the most fraud -- public or private?",
   "answer": "By NUMBER of cases, private-sector banks reported the most in FY25 -- about 14,233 cases, roughly 59% of the total -- reflecting their larger card and digital footprint. By AMOUNT, public-sector banks dominated, accounting for about Rs 25,667 crore (around 71% of the total), versus about Rs 10,088 crore at private banks, because the larger-value loan-related frauds sit mainly with public-sector lenders. So private banks lead on count and public-sector banks on value.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Which bonds are now included under FAR?",
   "answer": "All Sovereign Green Bonds issued by the Government of India in the fiscal year 2022-23 have been designated as 'specified securities' under FAR.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-169/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12444&Mode=0"
  },
  {
   "question": "Which borrower categories are eligible for housing finance under this circular?",
   "answer": "Eligible borrowers include individuals, cooperative/group housing societies, housing boards for EWS/LIG/MIG projects, and owners for home extensions or major repairs.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12655&Mode=0"
  },
  {
   "question": "Which borrowers are eligible for housing finance under this circular?",
   "answer": "Eligible borrowers include individuals, cooperative/group housing societies, housing boards for EWS/LIG/MIG projects, and owners for home extensions or major repairs.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12344&Mode=0"
  },
  {
   "question": "Which borrowers are eligible for these relief measures?",
   "answer": "Borrowers engaged in exports of sectors listed in the annex, with outstanding export credit as of August 31, 2025, and whose accounts with all REs were classified as 'Standard' as on that date.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-96/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12921&Mode=0"
  },
  {
   "question": "Which borrowers are eligible under Resolution Framework 2.0?",
   "answer": "Individuals with personal loans (excluding staff loans), individuals with business loans where aggregate exposure ≤ ₹25 crore as on March 31, 2021, and small businesses (not MSMEs) with exposure ≤ ₹25 crore as on that date. Accounts must have been standard as on March 31, 2021, and not restructured under Framework 1.0.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-31/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12085&Mode=0"
  },
  {
   "question": "Which branches must be covered under the annual IS audit?",
   "answer": "All critically important branches, defined by the nature and volume of business, must be audited annually. The audit should be completed before the statutory audit so that findings are available to statutory auditors.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-638/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8937&Mode=0"
  },
  {
   "question": "Which branches need to be open on March 31, 2024?",
   "answer": "Only branches that deal with government receipts and payments (agency bank branches) must remain open. Other branches can follow normal Sunday closure.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-137/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12635&Mode=0"
  },
  {
   "question": "Which branches need to be open on March 31, 2025?",
   "answer": "Only branches that deal with government receipts and payments are required to be open for public transactions on that day.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12778&Mode=0"
  },
  {
   "question": "Which branches need to remain open?",
   "answer": "Only the designated branches of agency banks that conduct government business need to keep their counters open.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-253/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8410&Mode=0"
  },
  {
   "question": "Which CCPs are currently recognized as QCCPs?",
   "answer": "CCIL is recognized by RBI, while NSCCL, ICCL, and MCX-SXCCL are recognized by SEBI as QCCPs, subject to ongoing compliance with CPSS-IOSCO principles.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-541/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8808&Mode=0"
  },
  {
   "question": "Which CICs are affected by these directions?",
   "answer": "All CICs registered with RBI are affected by these directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-378/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12926&Mode=0"
  },
  {
   "question": "Which circular does this amendment modify?",
   "answer": "This exemption is an addition to the Large Exposures Framework circular dated June 3, 2019, specifically paragraph 3 of its Annex that lists exempted exposures.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12036&Mode=0"
  },
  {
   "question": "Which circular does this notification replace or update?",
   "answer": "This circular updates the previous circular DOR.RET.REC.32/12.01.001/2022-23 dated May 4, 2022, on the same subject.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-65/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12333&Mode=0"
  },
  {
   "question": "Which circular does this notification replace?",
   "answer": "This circular updates the previous one dated June 8, 2022 (DOR.RET.REC.44/12.01.001/2022-23) on the same subject.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12372&Mode=0"
  },
  {
   "question": "Which circular is being modified by this notification?",
   "answer": "This notification partially modifies the earlier circular RPCD.CO.RRB.BC.No.22/03.05.28(B)/2012-13 dated August 1, 2012, which had set the SLR at 23%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-626/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8920&Mode=0"
  },
  {
   "question": "Which circulars have been withdrawn?",
   "answer": "Fifteen circulars issued between May 2011 and September 2014, all related to lists of terrorist individuals/organizations under UNSCR 1267, 1822, 1988, 1989 and implementation of Section 51-A of UAPA.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-162/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12234&Mode=0"
  },
  {
   "question": "Which circulars were withdrawn?",
   "answer": "RBI withdrew 30 circulars covering RTGS service charges, NEFT penal interest, prepaid payment instrument guidelines, and customer grievance reporting. The full list is in the annex to the RBI notification.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-164/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12237&Mode=0"
  },
  {
   "question": "Which communities are considered minorities for this circular?",
   "answer": "The Government of India has notified Sikhs, Muslims, Christians, Zoroastrians, Buddhists, and Jains as minority communities.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-02/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12467&Mode=0"
  },
  {
   "question": "Which communities are considered minorities under this circular?",
   "answer": "The Government of India has notified Sikhs, Muslims, Christians, Zoroastrians, Buddhists, and Jains as minority communities.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12057&Mode=0"
  },
  {
   "question": "Which companies are affected by the name changes?",
   "answer": "Two mining companies: De Beers UK Ltd is now De Beers Global Sightholder Sales Proprietary Ltd, and BHP Billiton, Belgium is now Dominion Diamond Marketing.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-365/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8560&Mode=0"
  },
  {
   "question": "Which contraventions are explicitly listed in the new framework?",
   "answer": "The framework lists contraventions such as operating without authorization, false statements, failure to produce documents, prohibited disclosure, non-compliance with RBI directions, and defaults under Section 26(6) including KYC/AML norms, data storage, net worth, and PPI limits.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12773&Mode=0"
  },
  {
   "question": "Which contraventions are not eligible for compounding?",
   "answer": "Contraventions under Section 3(a) of FEMA, 1999, are explicitly excluded from compounding as per Section 15 of the Act. The Master Direction does not list other exclusions beyond this.",
   "page": "https://bankpulse.ai/c/rbi-fed-2025-26-135/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12839&Mode=0"
  },
  {
   "question": "Which credit information companies are covered?",
   "answer": "The four CICs registered with RBI are CRIF High Mark, Equifax, Experian, and TransUnion CIBIL. UCBs must report to all of them as per the directions.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-279/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13026&Mode=0"
  },
  {
   "question": "Which currency note has the largest share in India?",
   "answer": "By value the Rs 500 note dominates, at about 86% of the value of banknotes in circulation per the RBI Annual Report. By number of pieces (volume) the Rs 500 note is around 40%, with smaller notes like the Rs 10 making up a larger share of the count. The Rs 2000 note, withdrawn from circulation from May 2023, is now only about 0.2% of value.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Which department issues KYC / AML circulars and what code do they carry?",
   "answer": "They are issued by the Reserve Bank's Department of Regulation (DOR) and typically carry a reference beginning DOR.AML (for example DOR.AML.REC...). That is why this KYC/AML topic sits as a child of the Department of Regulation family in the BankPulse crosswalk.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Which deposits are affected by this withdrawal?",
   "answer": "Only incremental FCNR(B) and NRE deposits with maturity of three years or more, raised after July 26, 2013, are affected. Deposits outstanding as on March 7, 2014, retain exemption till maturity; new deposits after that date do not qualify.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-486/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8738&Mode=0"
  },
  {
   "question": "Which deposits are exempt from CRR and SLR under this amendment?",
   "answer": "Fresh FCNR(B) deposits with a minimum tenor of three years and maximum of five years, mobilised (including renewals) between June 8, 2026 and September 30, 2026, are exempt.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-104/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13473&Mode=0"
  },
  {
   "question": "Which deposits qualify for the CRR/SLR exemption?",
   "answer": "Only fresh FCNR(B) deposits with a minimum tenor of 3 years and maximum of 5 years, mobilised between June 8, 2026 and September 30, 2026, including renewals upon maturity.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13471&Mode=0"
  },
  {
   "question": "Which derivative contracts are covered under this direction?",
   "answer": "It covers non-centrally cleared foreign exchange, interest rate, and credit derivative contracts as specified under relevant FEMA and RBI regulations.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2024-25-117/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12682&Mode=0"
  },
  {
   "question": "Which districts are affected by this lead bank reassignment?",
   "answer": "Six districts: Ernakulam and Idukki in Kerala, Seoni in Madhya Pradesh, Mumbai City and Mumbai Suburban in Maharashtra, and Salem in Tamil Nadu.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-139/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12638&Mode=0"
  },
  {
   "question": "Which districts are affected by this merger?",
   "answer": "Biswanath merged into Sonitpur, Hojai into Nagaon, and Bajali into Barpeta. Only these three districts are impacted.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-22/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12495&Mode=0"
  },
  {
   "question": "Which districts have modified lead bank assignments?",
   "answer": "Jaipur district (lead bank: State Bank of India) and Jodhpur district (lead bank: ICICI Bank) have modified assignments. All other affected districts retain their previous lead banks.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12834&Mode=0"
  },
  {
   "question": "Which earlier circular is being modified?",
   "answer": "This modifies paragraph 13.5 of the circular RPCD.GSSD. No.81/09.01.03/2012–13 dated June 27, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-279/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8443&Mode=0"
  },
  {
   "question": "Which earlier circulars are withdrawn by this change?",
   "answer": "Circulars dated April 04, 2008, May 23, 2013, April 12, 2018, June 17, 2021, and December 22, 2023 related to the monthly LRS return are withdrawn.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12732&Mode=0"
  },
  {
   "question": "Which earlier directions are superseded by this Master Direction?",
   "answer": "It supersedes Section I of FMRD Master Direction No. 2/2016-17 dated July 7, 2016, Direction No. FMRD.DIRD.09/14.01.001/2018-19 dated October 29, 2018, and Direction No. FMRD.DIRD.01/14.01.001/2020-21 dated December 4, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12061&Mode=0"
  },
  {
   "question": "Which entities are authorized to accept SGB applications?",
   "answer": "Scheduled Commercial Banks (excluding RRBs, Small Finance Banks, Payment Banks), designated Post Offices, SHCIL, and recognized stock exchanges (NSE, BSE).",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11980&Mode=0"
  },
  {
   "question": "Which entities are authorized to receive SGB applications?",
   "answer": "Designated scheduled commercial banks, designated post offices, Stock Holding Corporation of India Ltd., Clearing Corporation of India Ltd., and recognized stock exchanges (NSE and BSE) are authorized receiving offices.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-44/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12517&Mode=0"
  },
  {
   "question": "Which entities are covered by this waiver?",
   "answer": "The waiver applies to transfers of shares from residents to non-residents where the investee company is in the financial services sector. It covers the investee company, transferor, and transferee entities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-366/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8561&Mode=0"
  },
  {
   "question": "Which entities are eligible to import silver under this facility?",
   "answer": "Only Qualified Jewellers as notified by the International Financial Services Centres Authority (IFSCA) are eligible.",
   "page": "https://bankpulse.ai/c/rbi-2023-2024-83/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12565&Mode=0"
  },
  {
   "question": "Which entities are now eligible for direct access to NDS-OM?",
   "answer": "The directions expand eligibility to a broader set of regulated entities, including various banks and All India Financial Institutions as defined in the document.",
   "page": "https://bankpulse.ai/c/rbi-fmrd-2024-25-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12742&Mode=0"
  },
  {
   "question": "Which entities are now required to comply with this Master Direction?",
   "answer": "All scheduled commercial banks (excluding RRBs), all NBFCs, non-bank system participants, and all credit information companies must comply with the direction with immediate effect.",
   "page": "https://bankpulse.ai/c/rbi-cepd-2023-24-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12586&Mode=0"
  },
  {
   "question": "Which entries were amended?",
   "answer": "Three individuals: Muthanna Harith Salman Al-Dari (QDi.278), Maysar Ali Musa Abdallah Al-Juburi (QDi.337), and Salim Mustafa Muhammad Al-Mansur (QDi.411). The amendments include strikethrough and underline changes to their details.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-92/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12751&Mode=0"
  },
  {
   "question": "Which events qualify as a ‘natural calamity’ under the amendment?",
   "answer": "Events recognized under the National Disaster Response Fund or State Disaster Response Fund, and similar external events like riots that cause economic loss, are treated as calamities.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-52/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13411&Mode=0"
  },
  {
   "question": "Which exposures are covered by the revised capital charge?",
   "answer": "The revisions apply to credit risk capital charges for interest rate derivative contracts, repo/reverse repo transactions, and exposures to central counterparties.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-542/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8809&Mode=0"
  },
  {
   "question": "Which FEMA notification implements this change?",
   "answer": "The Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (Amendment) Regulations, 2014, notified via Notification No. FEMA.296/2014-RB dated March 3, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-567/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8845&Mode=0"
  },
  {
   "question": "Which financial year does this extension cover?",
   "answer": "The extension applies only to the financial year ended March 31, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12107&Mode=0"
  },
  {
   "question": "Which format should be used for reporting these transactions?",
   "answer": "The existing Transaction Reporting Format (TRF) already used for Cash Transaction Reports (CTRs), Suspicious Transaction Reports (STRs), and Non-Profit Organization Transaction Reports (NTRs) should be used.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-572/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8850&Mode=0"
  },
  {
   "question": "Which format should be used for reporting these wire transfers?",
   "answer": "The existing Transaction Based Reporting Format (TRF), already used for CTRs, STRs, and NTRs, should be used for cross border wire transfers.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-544/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8811&Mode=0"
  },
  {
   "question": "Which format should we use for this report?",
   "answer": "Use the existing Transaction Based Reporting Format (TRF) already used for CTRs, STRs, and NTRs. The format and sample data are available in the Downloads section of the FIU-IND website.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-555/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8827&Mode=0"
  },
  {
   "question": "Which funds are covered under this scheme?",
   "answer": "The scheme covers non-government provident, superannuation, and gratuity funds.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-329/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8516&Mode=0"
  },
  {
   "question": "Which government NBFCs are excluded from this PCA framework?",
   "answer": "Government NBFCs classified in the Base Layer are excluded from this framework.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12543&Mode=0"
  },
  {
   "question": "Which index measures inflation in India?",
   "answer": "The RBI's monetary policy targets the All-India Consumer Price Index (CPI-Combined), compiled by the National Statistical Office (MOSPI) with base year 2012=100. The Wholesale Price Index (WPI) and the CPI for Industrial Workers are separate measures; the headline number the RBI watches for its target is CPI-Combined.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Which Indian banks and NBFCs does BankPulse track?",
   "answer": "BankPulse currently tracks 61 Indian banks and NBFCs across its RBI penalty and bank-health intelligence — public-sector banks, private-sector banks, small finance banks and NBFCs — each mapped to its Wikidata QID and Wikipedia article for entity disambiguation. The full machine-readable list is the /api/banks.json feed, and the distinct RBI-regulated bank and lender types are defined in plain English in the BankPulse bank-type glossary family at /glossary/#bank-type-family.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Which institutions are covered by this circular?",
   "answer": "This circular applies to all Regional Rural Banks (RRBs) and State and Central Co-operative Banks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-287/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8451&Mode=0"
  },
  {
   "question": "Which institutions are eligible to lend under this scheme?",
   "answer": "All Scheduled Commercial Banks (excluding Payments Banks), Primary Urban Co-operative Banks, State/District Central Co-operative Banks, and NBFCs (excluding HFCs) are eligible.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12536&Mode=0"
  },
  {
   "question": "Which institutions are now classified as National Development Banks for NSFR?",
   "answer": "EXIM Bank and NaBFID have been added to the existing list of NABARD, NHB, and SIDBI, making a total of five NDBs under the NSFR framework.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12587&Mode=0"
  },
  {
   "question": "Which instruments are eligible for this special clearing?",
   "answer": "Only instruments related to government receipts, specifically advance tax payments under income tax and corporate tax, are eligible for presentation in this special clearing.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-252/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8409&Mode=0"
  },
  {
   "question": "Which investors are covered under this enhanced sub-limit?",
   "answer": "SEBI-registered long-term investors such as Sovereign Wealth Funds (SWFs), multilateral agencies, pension funds, insurance funds, endowment funds, and foreign central banks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-473/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8721&Mode=0"
  },
  {
   "question": "Which is faster, NEFT or RTGS?",
   "answer": "RTGS is faster for the individual transaction because it settles in real time, the moment it is processed. NEFT settles in half-hourly batches, so a transfer waits for the next batch. For small instant transfers IMPS and UPI are effectively real-time as well.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Which KCC loan categories are covered under the Interest Subvention Scheme?",
   "answer": "Only loans for short-term credit for crop cultivation and post-harvest expenses are covered. Other categories like consumption, marketing, or investment credit are excluded.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-398/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8617&Mode=0"
  },
  {
   "question": "Which legal authority empowers RBI to issue these guidelines?",
   "answer": "RBI issued these guidelines in exercise of powers conferred by Section 4 of the Government Securities Act, 2006.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12174&Mode=0"
  },
  {
   "question": "Which legal provisions back this circular?",
   "answer": "The circular is issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-56/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12115&Mode=0"
  },
  {
   "question": "Which legal provisions empower this circular?",
   "answer": "It is issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-516/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8768&Mode=0"
  },
  {
   "question": "Which liquidity facilities are impacted by this change?",
   "answer": "The standing liquidity facilities under Export Credit Refinance for banks and collateralised liquidity support for Primary Dealers are now priced at the revised repo rate.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-464/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8712&Mode=0"
  },
  {
   "question": "Which loan products are covered under this circular?",
   "answer": "The harmonised instructions apply to all retail and MSME term loan products extended by all regulated entities, including commercial banks, cooperative banks, and NBFCs. Payments banks are excluded from the scope.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12663&Mode=0"
  },
  {
   "question": "Which loans are excluded from the higher risk weight on consumer credit?",
   "answer": "Housing loans, education loans, vehicle loans, and loans secured by gold and gold jewellery are excluded from the 125% risk weight for both banks and NBFCs.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-85/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12567&Mode=0"
  },
  {
   "question": "Which loans qualify as priority sector under this circular?",
   "answer": "Incremental bank loans to medium manufacturing enterprises (as defined in MSMED Act, 2006) extended after November 13, 2013, qualify. For service enterprises, incremental loans up to Rs.10 crore to medium, micro, and small units also qualify.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-379/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8592&Mode=0"
  },
  {
   "question": "Which master circular should I follow for minority community credit now?",
   "answer": "The updated instructions are in the Master Circular on Credit Facilities to Minority Communities dated April 1, 2023. The three withdrawn circulars from 1987-88 are no longer valid.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12731&Mode=0"
  },
  {
   "question": "Which master circulars are being updated by this notification?",
   "answer": "The master circulars on 'Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF)' and 'Basel III Capital Regulations', both dated July 1, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-326/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8510&Mode=0"
  },
  {
   "question": "Which MICs are eligible?",
   "answer": "Clearing Corporation of India Ltd., National Payments Corporation of India, and Society for World Wide Inter-Bank Financial Tele-Communication (SWIFT).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-583/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8869&Mode=0"
  },
  {
   "question": "Which NBFCs are affected by this change?",
   "answer": "All NBFCs governed by the Reserve Bank of India (Non-Banking Financial Companies– Undertaking of Financial Services) Directions, 2025, including those under the Factoring Regulation Act and NHB Act.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13379&Mode=0"
  },
  {
   "question": "Which NBFCs are covered by this circular?",
   "answer": "All NBFCs excluding primary dealers are required to follow the harmonised restructuring guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-459/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8706&Mode=0"
  },
  {
   "question": "Which NBFCs are covered under the new fraud risk management directions?",
   "answer": "The directions apply to all NBFCs (including HFCs) classified in the Upper Layer, Middle Layer, and Base Layer with asset size of ₹500 crore and above. These are collectively called 'Applicable NBFCs'.",
   "page": "https://bankpulse.ai/c/rbi-dos-2024-25-120/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12704&Mode=0"
  },
  {
   "question": "Which NBFCs are covered under these directions?",
   "answer": "All NBFC categories listed in the source are covered, including NBFC-BL, NBFC-ML, NBFC-D, NBFC-ICC, NBFC-Factor, NBFC-MFI, NBFC-IFC, IDF-NBFC, HFC, MGC, SPD, NBFC-P2P, NBFC-AA, and CIC. Applicability is layer-wise and chapter-specific as detailed in the directions. NOFHC is excluded.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-373/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12931&Mode=0"
  },
  {
   "question": "Which NBFCs are covered under this mandate?",
   "answer": "All deposit-taking NBFCs (any size) and non-deposit taking NBFCs (including Core Investment Companies) with asset size of ₹5,000 crore and above are covered.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12018&Mode=0"
  },
  {
   "question": "Which NBFCs are exempt from these directions?",
   "answer": "NBFC-P2P, NBFC-AA, CICs, NOFHCs, NBFCs not availing public funds and without customer interface, and NBFCs-BL having customer interface but not availing public funds are exempt.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-351/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12953&Mode=0"
  },
  {
   "question": "Which NBFCs are exempt from these guidelines?",
   "answer": "NBFCs categorized under the 'Base Layer' and government-owned NBFCs are exempt from these compensation guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12303&Mode=0"
  },
  {
   "question": "Which NBFCs are exempt from this return?",
   "answer": "Residuary Non-Banking Companies (RNBCs) are excluded from this requirement.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-219/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8368&Mode=0"
  },
  {
   "question": "Which new credit rating agencies were added?",
   "answer": "Acuite Ratings & Research Limited and Infomerics Valuation and Rating Private Limited were added, along with their respective minimum investment grade ratings.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12134&Mode=0"
  },
  {
   "question": "Which new devices are now eligible for subsidy?",
   "answer": "Soundbox devices with audio confirmation and NFC, and Aadhaar-enabled biometric scanners for BHIM Aadhaar Pay, installed from October 1, 2023, are eligible.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12584&Mode=0"
  },
  {
   "question": "Which new securities are added to the Fully Accessible Route?",
   "answer": "All new issuances in 15-year, 30-year, and 40-year government securities; all new Sovereign Green Bonds in 5, 7, 10, 15, 30, and 40-year tenors; and three existing securities with specific ISINs.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13464&Mode=0"
  },
  {
   "question": "Which NIC codes are covered under this change?",
   "answer": "NIC codes 45 (wholesale/retail trade and repair of motor vehicles), 46 (wholesale trade except motor vehicles), and 47 (retail trade except motor vehicles) are now eligible for MSME classification for priority sector lending.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12126&Mode=0"
  },
  {
   "question": "Which non-banks are eligible for direct CPS access in the first phase?",
   "answer": "PPI issuers, card networks, and white label ATM operators that are authorised as payment system providers.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-73/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12133&Mode=0"
  },
  {
   "question": "Which older circulars are superseded by this circular?",
   "answer": "Eleven A.P. (DIR Series) Circulars issued between 2000 and 2015 are superseded, including those dated November 16, 2000, November 13, 2001, March 6, 2006, and others listed in Annex II of the circular.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13445&Mode=0"
  },
  {
   "question": "Which paragraphs of the HFC Master Direction have been deleted?",
   "answer": "Paragraphs 57 to 68A under Chapter XI of the Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 stand deleted.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-107/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12772&Mode=0"
  },
  {
   "question": "Which penal rates are affected by this change?",
   "answer": "Penal interest rates on shortfalls in reserve requirements that are linked to the Bank Rate. The two tiers are: Bank Rate plus 3 percentage points (now 11.75%) and Bank Rate plus 5 percentage points (now 13.75%).",
   "page": "https://bankpulse.ai/c/rbi-2013-14-348/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8542&Mode=0"
  },
  {
   "question": "Which platform should be used for reporting these trades?",
   "answer": "The reporting must be done on the Fixed Income Money Market and Derivatives Association of India (FIMMDA) reporting platform.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-201/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8342&Mode=0"
  },
  {
   "question": "Which previous circular does this replace?",
   "answer": "It replaces the Master Circular DOR.STR.REC.14/21.04.048/2023-24 dated May 8, 2023.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12658&Mode=0"
  },
  {
   "question": "Which previous circulars are repealed by this framework?",
   "answer": "The circulars dated May 06, 2009 (on extension of area of operation) and March 07, 2008 (on classification of UCBs) are repealed.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-144/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12416&Mode=0"
  },
  {
   "question": "Which previous circulars are withdrawn by this Master Direction?",
   "answer": "All circulars listed in Annex IX of the Master Direction, along with all earlier Master Circulars and Directions on counterfeit notes, stand withdrawn from April 1, 2026.",
   "page": "https://bankpulse.ai/c/rbi-dcm-2026-27-394/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13361&Mode=0"
  },
  {
   "question": "Which previous RBI circular does this modification support?",
   "answer": "This modification supports the Resolution Framework for COVID-19 related stress as outlined in circular DOR.No.BP.BC.3/21.04.048/2020-21 dated August 6, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12038&Mode=0"
  },
  {
   "question": "Which RBI department handles government banking?",
   "answer": "Government banking in India is handled by the Reserve Bank's Department of Government and Bank Accounts (DGBA). It runs the RBI's role as banker to the central and state governments and to banks — government receipts and payments, the agency-bank arrangement under which commercial banks conduct government business, the agency commission paid for it, and related currency-chest and settlement accounting. The government's market borrowing programme is managed separately under Internal Debt Management. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Which RBI department issues government securities?",
   "answer": "Government securities in India are issued by the Reserve Bank’s Internal Debt Management Department (IDMD), which acts as the debt manager for the Government of India. IDMD runs the issuance and auctions of dated Government Securities (G-Secs), Treasury Bills and State Development Loans, and oversees the Primary Dealer system that underwrites and makes markets in them. How these securities then trade in the secondary market is regulated separately under Financial Markets Regulation, and the government’s banking transactions sit under Government & Bank Accounts. Methodology reviewed by Vikram Jain; BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Which RBI office should we approach?",
   "answer": "Submit your application to the Regional Office of the Reserve Bank under whose jurisdiction your NBFC's registered office is located.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-383/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8596&Mode=0"
  },
  {
   "question": "Which RBI rules govern retail and secured lending?",
   "answer": "Retail and secured lending is shaped by the RBI's directions on housing finance and loan-against-property, the external benchmark lending rate (EBLR) framework, the Key Facts Statement disclosure norms, and the income-recognition and asset-classification (IRAC) rules. Each topic page in this cluster simplifies the relevant Master Direction.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Which regulation defines 'related parties' for this disclosure?",
   "answer": "The definition of related parties is as per the Reserve Bank of India (Small Finance Banks – Credit Risk Management) Directions, 2025.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-182/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13258&Mode=0"
  },
  {
   "question": "Which regulations are referenced in this circular?",
   "answer": "The circular references FEMA 396 (Debt Instruments Regulations, 2019) and the Master Direction dated January 7, 2025, as amended.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-10/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13369&Mode=0"
  },
  {
   "question": "Which regulations now govern compounding for non-debt instruments?",
   "answer": "The FEM (Non-Debt Instruments) Rules, 2019 and FEM (Mode of Payment and Reporting of Non-Debt Instruments) Regulations, 2019, both dated October 17, 2019, supersede earlier notifications. Compounding powers for these are delegated to RBI Regional/Sub-Offices.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-67/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11995&Mode=0"
  },
  {
   "question": "Which relatives are covered under the revised loan restrictions?",
   "answer": "The restrictions apply to relatives other than spouse and minor/dependent children of the bank's own directors or directors of other banks, including those involved as partners, guarantors, major shareholders, or directors in firms or companies.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12132&Mode=0"
  },
  {
   "question": "Which reserves are excluded from Tier I capital?",
   "answer": "Reserves created for anticipated loan losses, fraud losses, depreciation, or other outside liabilities are excluded. For example, 'Bad and Doubtful Reserves' is excluded, while 'Building Fund' is eligible.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-13/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12279&Mode=0"
  },
  {
   "question": "Which return codes are affected?",
   "answer": "Return code R343 for the BO/LO/PO statement and return code R006 for the NRO account remittance statement.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13465&Mode=0"
  },
  {
   "question": "Which return is being discontinued or merged?",
   "answer": "Only one return is listed for discontinuation/merger: 'Details of guarantee availed and invoked from non-resident entities' (Annex 1).",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-172/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12244&Mode=0"
  },
  {
   "question": "Which returns are being discontinued or merged?",
   "answer": "Two returns: Statement of chest slips and Statement of link offices. The latter is already submitted online via ICCOMS daily.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-167/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12238&Mode=0"
  },
  {
   "question": "Which returns are being discontinued?",
   "answer": "Three returns: Return on Offshore Banking Units (quarterly), Statement on bad debts written off (yearly), and Fraud Monitoring Return 2 for NBFCs (quarterly).",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-163/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12235&Mode=0"
  },
  {
   "question": "Which returns are being moved online?",
   "answer": "Six returns: FCY-Rupee Option Transactions, List of Offices/Branches Maintaining Rupee Accounts of Non-Resident Banks, Suspicious Transactions by Non-Resident Importers/Exporters, Interest Rate Risk Positions for Clients, Cross-border remittances from Rupee interest rate derivatives, and FX transactions with clients across channels.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-173/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12245&Mode=0"
  },
  {
   "question": "Which returns are being moved to online filing?",
   "answer": "Six returns: Collateral Loan (up to Rs 25 lakh and CGS-covered), Composite Loans (up to Rs 1 crore), Quarterly Priority Sector Advances (PSA), Annual State-wise PSA, Granular PSA data, and Natural Calamity Notification.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-166/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12236&Mode=0"
  },
  {
   "question": "Which returns are discontinued for submission to DoR?",
   "answer": "Two returns: Leverage Ratio reporting (for SCBs excluding LABs and RRBs) and Table 34 (for StCBs/DCCBs). Both are redirected to other departments.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-168/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12240&Mode=0"
  },
  {
   "question": "Which section of the KYC Master Direction has been updated?",
   "answer": "Section 64, which deals with wire transfer instructions, has been amended. New definitions have also been added to Section 2.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12498&Mode=0"
  },
  {
   "question": "Which sections of the KYC Master Direction apply?",
   "answer": "Sections 51, 52, and 53 of the Master Direction on KYC (dated February 25, 2016, as amended) along with the UAPA Order dated February 2, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-185/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12461&Mode=0"
  },
  {
   "question": "Which sector has the largest share of bank credit in India?",
   "answer": "Personal loans — housing, vehicle, credit-card, education and other retail lending — have become the single largest slice of non-food bank credit, at roughly 33%, overtaking industry over the past few years as banks leaned into retail lending.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Which sectors are affected by the updated FDI caps and routes?",
   "answer": "The circular revises Annex B of FEMA regulations to align with the Consolidated FDI Policy, covering all sectors with entry norms, caps, and conditions. Specific changes are detailed in the attached DIPP press notes.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-255/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8413&Mode=0"
  },
  {
   "question": "Which sectors are eligible for the new automatic route for ECBs from indirect equity holders?",
   "answer": "Manufacturing, infrastructure, hotels, hospitals, and software sectors are eligible. For ECBs from direct/indirect equity holders and group companies, miscellaneous services (training, R&D, infrastructure support) are also covered, but trading, logistics, financial, and consultancy services are excluded.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-594/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8880&Mode=0"
  },
  {
   "question": "Which sectors are eligible for this increased subvention?",
   "answer": "The circular refers to 'existing sectors' eligible for export credit subvention as specified in earlier RBI circulars dated January 14, 2013 and May 24, 2013. These are employment-oriented export sectors, but the exact list is not detailed in this notification.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-200/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8341&Mode=0"
  },
  {
   "question": "Which sectors drove the sales growth?",
   "answer": "Manufacturing and services sectors, including automobiles, electrical machinery, and non-ferrous metals industries",
   "page": "https://bankpulse.ai/c/rbi-doc-62946/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62946"
  },
  {
   "question": "Which securities are eligible for lending under these directions?",
   "answer": "Only central government securities excluding Treasury Bills are eligible for lending or borrowing under the GSL framework.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-97/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12580&Mode=0"
  },
  {
   "question": "Which securities are newly added under FAR?",
   "answer": "Two specific securities: 7.10% GS 2029 (ISIN IN0020220011) and 7.54% GS 2036 (ISIN IN0020220029), plus all new issuances of 7-year and 14-year government securities.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12354&Mode=0"
  },
  {
   "question": "Which securities are now eligible for bank finance under the revised directions?",
   "answer": "Eligible Securities include listed Group-1 equity and preference shares, government securities, listed debt securities rated BBB or higher, mutual fund units with repurchase facility, ETFs (excluding commodity ETFs), REITs, and InvITs.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-254/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13346&Mode=0"
  },
  {
   "question": "Which securities are now included as Eligible Securities?",
   "answer": "Eligible Securities now include listed Group-1 equity and preference shares, government securities, listed debt securities rated BBB or higher, mutual fund units with repurchase facility, ETFs (excluding commodity ETFs), and units of REITs and InvITs.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-211/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13297&Mode=0"
  },
  {
   "question": "Which securities qualify as SLR assets under the new Directions?",
   "answer": "Approved securities include dated Government of India securities, Treasury Bills, State Development Loans (SDLs), and any other instruments notified by RBI. Only unencumbered portions count for SLR, except securities lodged with another institution as specified.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-250/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13056&Mode=0"
  },
  {
   "question": "Which securities qualify as SLR assets under these directions?",
   "answer": "Approved securities include dated Government of India securities, Treasury Bills, State Development Loans, and any other instruments notified by RBI. Only the unencumbered portion counts for SLR, except securities lodged for an advance, which are not considered encumbered.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-210/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13098&Mode=0"
  },
  {
   "question": "Which securities qualify as SLR-approved securities under these directions?",
   "answer": "Approved securities include dated Government of India securities (market borrowing and MSS), Treasury Bills, State Development Loans (SDLs), and any other instruments notified by RBI. These are commonly referred to as SLR securities.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-299/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13005&Mode=0"
  },
  {
   "question": "Which Sovereign Green Bonds are now included under FAR?",
   "answer": "All Sovereign Green Bonds issued by the Government in the fiscal year 2023-24 are now designated as 'specified securities' under FAR. This includes bonds issued as per the calendar notified in September 2023.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12563&Mode=0"
  },
  {
   "question": "Which specific bonds are now included under FAR?",
   "answer": "Sovereign Green Bonds with a 10-year tenor issued by the Government in the second half of fiscal year 2024-25 are now designated as specified securities under FAR.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12747&Mode=0"
  },
  {
   "question": "Which specific circulars were amended?",
   "answer": "Four circulars: Basel III Capital Regulations (July 1, 2015), NSFR guidelines (May 17, 2018), IRAC norms for advances (July 1, 2015), and NCAF (July 1, 2015).",
   "page": "https://bankpulse.ai/c/rbi-2020-21-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12048&Mode=0"
  },
  {
   "question": "Which specific circulars were withdrawn?",
   "answer": "Eight circulars were withdrawn, including those on Ready Forward contracts (March 2000, March 2002, March 2003, July 2010), Primary Dealers' access to call/notice money (November 2003), and issuance of Non-Convertible Debentures (June 2010, December 2010, December 2010).",
   "page": "https://bankpulse.ai/c/rbi-2022-23-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12308&Mode=0"
  },
  {
   "question": "Which specific documents are affected by this change?",
   "answer": "The annexure updates PPI Master Directions (paragraphs 6.1, 9.1(i)b, 9.1(ii)b) and Payment Aggregator Master Direction (paragraph 4k) to reference the new KYC Directions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13171&Mode=0"
  },
  {
   "question": "Which specific FEMA contraventions can now be compounded at Regional Offices?",
   "answer": "Six contraventions: delay in reporting inward remittance for share issue, delay in filing FC-GPR, delay in issuing shares or refunding application money beyond 180 days, violation of pricing guidelines, issue of ineligible instruments like non-convertible debentures, and issue of shares without RBI or FIPB approval.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-553/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8825&Mode=0"
  },
  {
   "question": "Which specific forms have been revised?",
   "answer": "Form ECB 1 (now called Revised Form ECB 1) and Form ECB 2, as detailed in Annex I and Annex II of the circular respectively.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-223/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13308&Mode=0"
  },
  {
   "question": "Which specific funds with NABARD are covered under this circular?",
   "answer": "The circular covers outstanding deposits under Rural Infrastructure Development Fund (RIDF), Warehouse Infrastructure Fund, Short Term Co-operative Rural Credit Refinance Fund, and Short Term RRB Fund.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-591/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8877&Mode=0"
  },
  {
   "question": "Which specific provisions have been delayed?",
   "answer": "Three provisions: OTP-based consent for activating cards dormant over 30 days (para 6(a)(vi)), explicit consent for credit limit breaches (para 6(b)(v)), and no capitalization of unpaid charges for interest compounding (para 9(b)(ii)).",
   "page": "https://bankpulse.ai/c/rbi-2022-23-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12342&Mode=0"
  },
  {
   "question": "Which specific ratios have had their deadline extended?",
   "answer": "The four operational ratios—Total Debt/EBITDA, Current Ratio, Debt Service Coverage Ratio (DSCR), and Average Debt Service Coverage Ratio (ADSCR)—now have a target date of October 1, 2022.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-80/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12140&Mode=0"
  },
  {
   "question": "Which specific reports have been discontinued?",
   "answer": "17 reports are discontinued, including monthly statements on FII/FPI investments, FVCI inflows/outflows, ADR/GDR movements, and certain transaction-based reports for AD Category-II banks and FFMCs. The full list is in the circular's annexure.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11994&Mode=0"
  },
  {
   "question": "Which specific return has been discontinued?",
   "answer": "The return titled 'Details of guarantee availed and invoked from non-resident entities' has been discontinued. This was previously required under Part X of the Master Direction on FEMA reporting.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-69/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12337&Mode=0"
  },
  {
   "question": "Which specific schemes are affected by this circular withdrawal?",
   "answer": "The withdrawn circulars cover Swarna Jayanti Shahari Rozgar Yojana (SJSRY), Swarnjayanti Gram Swarozgar Yojana (SGSY), Integrated Rural Development Programme (IRDP), Differential Rate of Interest (DRI) Scheme, and others like PMI UPEP and SUME.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-49/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12316&Mode=0"
  },
  {
   "question": "Which SRs are covered under this glide path?",
   "answer": "Only SRs outstanding on the date of issuance of MD-TLE (September 24, 2021) are eligible. SRs purchased after that date must follow MD-TLE valuation rules without any transition.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12346&Mode=0"
  },
  {
   "question": "Which standing liquidity facilities are affected by this change?",
   "answer": "The Export Credit Refinance (ECR) facility for banks and the collateralised liquidity support for Primary Dealers are now priced at the revised repo rate of 7.50%.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-276/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8442&Mode=0"
  },
  {
   "question": "Which states are included in the revised list?",
   "answer": "The list includes districts from Andhra Pradesh, Bihar, Chhattisgarh, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Odisha, Telangana, and West Bengal.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-109/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12379&Mode=0"
  },
  {
   "question": "Which swap positions are excluded from NOP-INR under this circular?",
   "answer": "Swap positions arising from FCNR(B) deposits, External Commercial Borrowings, and Overseas Foreign Currency Borrowings raised under the circulars dated June 8, 2026 are excluded.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-101/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13470&Mode=0"
  },
  {
   "question": "Which taluks are included in the new Vijayanagara district?",
   "answer": "The district comprises Hosapete, Kudligi, Hagaribommanahalli, Kotturu, Hoovina Hadagali, and Harapanahalli taluks, carved from Ballari district.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12101&Mode=0"
  },
  {
   "question": "Which transactions are affected by this change?",
   "answer": "All deferred payment transactions under the mentioned protocols, typically involving trade credits or repayments between Indian entities and the erstwhile USSR, are affected from September 4, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-275/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8439&Mode=0"
  },
  {
   "question": "Which transactions are affected by this revision?",
   "answer": "All transactions under the Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between the Government of India and the erstwhile USSR are affected. Banks must use the new rate for settlements from August 12, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-188/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8313&Mode=0"
  },
  {
   "question": "Which transactions are now covered under the Mumbai Regional Office claim route?",
   "answer": "GST receipt transactions, direct tax collections under TIN 2.0, and indirect tax collections through ICEGATE payment gateway reported to Mumbai Regional Office.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12516&Mode=0"
  },
  {
   "question": "Which travellers are eligible for this UPI facility initially?",
   "answer": "The facility is initially extended to travellers from G-20 countries at select international airports for merchant payments while in India.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-176/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12452&Mode=0"
  },
  {
   "question": "Which UCBs are covered by this circular?",
   "answer": "Only Tier 3 and Tier 4 Urban Co-operative Banks are covered. Tier 1 and Tier 2 UCBs continue under existing guidelines. UCBs under All Inclusive Directions are exempt.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12389&Mode=0"
  },
  {
   "question": "Which UCBs are covered by this directive?",
   "answer": "Only AD Category-1 Urban Co-operative Banks are covered, as the circular is addressed to their Chief Executive Officers.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-396/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8615&Mode=0"
  },
  {
   "question": "Which UCBs are eligible for the increased gold loan limit?",
   "answer": "Only those Primary Urban Co-operative Banks that met the overall Priority Sector Lending target and sub-targets as on March 31, 2023, and continue to meet them as per the June 8, 2023 circular.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12542&Mode=0"
  },
  {
   "question": "Which UCBs are eligible for this facility?",
   "answer": "UCBs that are NDS-OM members, have net worth of ₹25 crore or more, CRAR of 9% or above, net NPA not exceeding 3%, and maintain sound risk management with concurrent treasury audit.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-226/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8375&Mode=0"
  },
  {
   "question": "Which UCBs are eligible to act as PAN Service Agents under this circular?",
   "answer": "Only Financially Sound and Well Managed UCBs, as defined in RBI circular UBD.CO.LS.(PCB).Cir.No.24/07.01.000/2013-14 dated October 1, 2013, are eligible.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-593/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8879&Mode=0"
  },
  {
   "question": "Which UCBs are eligible to become PAN Service Agents?",
   "answer": "Only those Primary (Urban) Co-operative Banks that are classified as 'Financially Sound and Well Managed' as per RBI circular UBD.CO.LS.(PCB).Cir.No.24/07.01.000/2013-14 dated October 1, 2013 are eligible.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-371/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8573&Mode=0"
  },
  {
   "question": "Which UCBs are now required to follow these disclosure norms?",
   "answer": "All UCBs, including Tier I banks, must comply. Earlier, only those with deposits of Rs. 100 crore or more had to do so.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-531/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8786&Mode=0"
  },
  {
   "question": "Which UCBs can offer doorstep banking without prior RBI approval?",
   "answer": "Only financially sound and well-managed (FSWM) UCBs can offer these services voluntarily without prior approval. Non-FSWM UCBs must seek approval from the RBI's Regional Office of Department of Supervision.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-66/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12334&Mode=0"
  },
  {
   "question": "Who are the eligible borrowers under this scheme?",
   "answer": "The scheme specifies certain categories of loan accounts; lenders must refer to the government's scheme document for exact eligibility criteria.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-61/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11989&Mode=0"
  },
  {
   "question": "Who are the entities covered by the new directions?",
   "answer": "The new directions cover commercial banks, banking companies, corresponding new banks, and the State Bank of India.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-162/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13148&Mode=0"
  },
  {
   "question": "Who bears liability for technical or security issues at the merchant's end?",
   "answer": "The acquirer shall incur all liabilities arising out of technical or transaction security issues at the merchant's end.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-146/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12215&Mode=0"
  },
  {
   "question": "Who bears the cost of the MTM exchange in a novation?",
   "answer": "The transferor and transferee exchange the MTM value upfront between themselves. The remaining party is not involved in any cash flows related to the novation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-406/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8626&Mode=0"
  },
  {
   "question": "Who can access this platform?",
   "answer": "Only the Chief Information Security Officer (CISO) of each scheduled commercial bank is provided access to maintain confidentiality.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-501/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8753&Mode=0"
  },
  {
   "question": "Who can apply for a universal bank license under these guidelines?",
   "answer": "Eligible promoters, promoter groups, and promoting entities that meet the 'fit and proper' criteria and other conditions specified in the guidelines can apply. NBFCs and small finance banks have additional provisions for conversion or transition.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-143/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13168&Mode=0"
  },
  {
   "question": "Who can apply for SRO recognition?",
   "answer": "Interested groups or associations of PSOs, including both banks and non-banks, can apply to the RBI's Department of Payment and Settlement Systems.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-58/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11986&Mode=0"
  },
  {
   "question": "Who can apply under this circular?",
   "answer": "Non-Banking Finance Companies, Payment System Providers, and Payment System Participants that are not banking companies can apply.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12161&Mode=0"
  },
  {
   "question": "Who can be appointed as the designated director?",
   "answer": "Any director on the NBFC's Board can be nominated as the designated director to ensure compliance with PMLA obligations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-618/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8912&Mode=0"
  },
  {
   "question": "Who can benefit from the higher all-in-cost ceiling?",
   "answer": "Only eligible borrowers with investment-grade ratings from Indian Credit Rating Agencies (CRAs) can avail the 100 bps increase in the all-in-cost ceiling. Other borrowers must adhere to the existing ceiling.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12366&Mode=0"
  },
  {
   "question": "Who can initiate an amalgamation proposal?",
   "answer": "The State Government must make the proposal after a detailed study of legal framework, capital infusion strategy, financial support assurance, projected business model, and governance model. NABARD must examine and recommend it.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-42/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12096&Mode=0"
  },
  {
   "question": "Who can participate in the Regulatory Sandbox?",
   "answer": "Innovators, FinTech companies, banks, and other financial service providers that meet the eligibility criteria, including using new or emerging technology in an innovative way to address consumer problems.",
   "page": "https://bankpulse.ai/c/rbi-fd-2023-24-1/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13375&Mode=0"
  },
  {
   "question": "Who can participate in this scheme?",
   "answer": "Eligible investors in the IFSC, including those using IFSC Banking Units, can invest in Sovereign Green Bonds. Operational guidelines will be issued by IFSCA.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12730&Mode=0"
  },
  {
   "question": "Who can provide credit enhancement for these bonds?",
   "answer": "Eligible non-resident entities can provide credit enhancement, as per the ECB policy outlined in A.P. (DIR Series) Circular No. 120 dated June 26, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-368/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8563&Mode=0"
  },
  {
   "question": "Who can provide DLG under these guidelines?",
   "answer": "Only LSPs that are incorporated as companies under the Companies Act, 2013, or other REs with which the RE has an outsourcing arrangement, are eligible to provide DLG.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-41/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12514&Mode=0"
  },
  {
   "question": "Who conducts due diligence on the exchange and entities involved in these gold imports?",
   "answer": "IFSC Authority (IFSCA) will conduct all required due diligence on IIBX and other entities involved in enabling gold imports by QJs, and ensure advance remittances are used solely for that purpose.",
   "page": "https://bankpulse.ai/c/rbi-2022-2023-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12324&Mode=0"
  },
  {
   "question": "Who decides G-Sec yields?",
   "answer": "G-Sec yields are set by the market through trading and through the RBI's weekly auctions of government bonds, not fixed by the RBI. They are influenced by the RBI's monetary policy (the repo rate and liquidity operations), by inflation and growth expectations, by the government's borrowing programme, and by global rates. FBIL publishes the official daily benchmark yields.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Who decides which bank gets government business?",
   "answer": "The concerned central government department or state government has the sole discretion to accredit an agency bank for their business.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-36/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12090&Mode=0"
  },
  {
   "question": "Who do we contact for issues with government-caused pension overpayments?",
   "answer": "Take up the matter directly with the respective government department with full particulars. Do not refer to RBI. Ensure time-bound resolution and keep the department's acknowledgement on record.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-09/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12275&Mode=0"
  },
  {
   "question": "Who files FC-TRS for NRI stock exchange acquisitions now?",
   "answer": "The investee company must file FC-TRS with the AD Category-I bank, not the transferor/transferee.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-577/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8859&Mode=0"
  },
  {
   "question": "Who handles excess payments caused by government errors?",
   "answer": "The bank should take up the matter with the concerned government department with full particulars, ensuring a time-bound resolution. Keep the department's acknowledgement on record. Do not refer such cases to RBI.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-06/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12650&Mode=0"
  },
  {
   "question": "Who is a 'Reciprocally Related Person' under these directions?",
   "answer": "A reciprocally related person includes a director (excluding independent/nominee directors appointed by government or RBI) of another commercial bank, AIFI, scheduled cooperative bank, or bank subsidiary; a trustee of a mutual fund or AIF set up by such entities; or a relative of such director or trustee.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-176/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13252&Mode=0"
  },
  {
   "question": "Who is a 'Reciprocally Related Person'?",
   "answer": "An individual who is a director (excluding independent/nominee directors appointed by government/RBI) of another commercial bank, AIFI, or scheduled cooperative bank, or a trustee of a mutual fund/alternate investment fund, or a relative of such persons.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-173/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13249&Mode=0"
  },
  {
   "question": "Who is affected by the new directions?",
   "answer": "Payment system operators, including banks, non-bank operators, and fintech companies, are affected by the new regulations.",
   "page": "https://bankpulse.ai/c/rbi-dpss-2026-27-401/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13502&Mode=0"
  },
  {
   "question": "Who is affected by these directions?",
   "answer": "Commercial Banks (excluding Small Finance Banks, Payment Banks, Local Area Banks, and foreign banks) and major shareholders of banking companies.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-145/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13166&Mode=0"
  },
  {
   "question": "Who is considered a 'Key Managerial Personnel' (KMP) for a UCB?",
   "answer": "KMP includes all employees one level below the Board and any person designated as such by the Board. This is a new definition inserted to clarify the scope of related party relationships.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-177/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13253&Mode=0"
  },
  {
   "question": "Who is covered by this circular?",
   "answer": "All Scheduled Commercial Banks, excluding Regional Rural Banks (RRBs), are covered.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-314/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8497&Mode=0"
  },
  {
   "question": "Who is eligible for the 'interest on interest' refund?",
   "answer": "All borrowers, including those with working capital facilities, irrespective of whether they availed the moratorium fully, partially, or not at all during March 1 to August 31, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-17/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12071&Mode=0"
  },
  {
   "question": "Who is eligible for the new GCC Facility?",
   "answer": "Individuals or entities sanctioned working capital facilities for non-farm entrepreneurial activities that qualify under priority sector guidelines. Banks eligible to issue credit cards under the Master Direction can offer this facility.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-19/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12492&Mode=0"
  },
  {
   "question": "Who is eligible for this advance remittance facility?",
   "answer": "Valid Tariff Rate Quota (TRQ) holders under the India-UAE CEPA, as notified by IFSCA, are now eligible to remit advance payment for 11 days for gold imports through IIBX.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-118/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12604&Mode=0"
  },
  {
   "question": "Who is exempt from these Directions?",
   "answer": "Benchmarks administered and used outside India, benchmarks determined and used internally by a person for pricing or valuation, and benchmarks used by clearing corporations for internal risk management are exempt.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-98/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12581&Mode=0"
  },
  {
   "question": "Who is liable if a CKYCR record turns out to be incorrect?",
   "answer": "The RE that last uploaded or updated the customer's KYC records in CKYCR is responsible for verifying identity and address. The downloading bank is not required to re-verify those aspects but must ensure the records are current and compliant.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-166/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13242&Mode=0"
  },
  {
   "question": "Who is liable if a customer's identity is later found to be fraudulent?",
   "answer": "The bank that last uploaded or updated the KYC records in CKYCR is responsible for verifying identity/address. The downloading bank is not required to re-verify, but must ensure records are current and compliant.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-161/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13237&Mode=0"
  },
  {
   "question": "Who is liable if a downloaded KYC record turns out to be incorrect?",
   "answer": "The bank that last uploaded or updated that record to CKYCR is responsible for verifying the identity/address. The downloading bank is not liable for that specific verification, but must ensure the record is current and compliant before relying on it.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-165/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13241&Mode=0"
  },
  {
   "question": "Who is personally responsible for ensuring full recovery?",
   "answer": "The institutional head of each Urban Co-operative Bank is personally responsible for ensuring full recoveries and refunds to avoid loss to the exchequer.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-376/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8583&Mode=0"
  },
  {
   "question": "Who is required to comply with this circular?",
   "answer": "All entities regulated by the Reserve Bank of India that engage in OTC transactions in securitized debt instruments must comply.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-201/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8342&Mode=0"
  },
  {
   "question": "Who is responsible for creating login credentials in CIMS?",
   "answer": "The Admin User of each reporting entity must create login credentials for the users who will submit the return.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-170/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13246&Mode=0"
  },
  {
   "question": "Who is responsible for ensuring compliance with investment limits?",
   "answer": "The primary responsibility lies with the SRVA holder and the AD Category-I bank where the account is maintained.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12909&Mode=0"
  },
  {
   "question": "Who is responsible for implementing these directions?",
   "answer": "AD Cat-I banks are responsible for implementing the modalities and bringing the contents to the notice of their customers.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-152/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12424&Mode=0"
  },
  {
   "question": "Who is responsible for insuring cash handled by BCs?",
   "answer": "Banks must insure the cash, as RBI clarifies it is bank cash, not the BC's responsibility.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-570/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8848&Mode=0"
  },
  {
   "question": "Who is responsible for reminding passengers about INR limits?",
   "answer": "Airport authorities must put up suitable displays at these counters reminding passengers that the area is the last point for non-residents to possess Indian rupees.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-259/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8417&Mode=0"
  },
  {
   "question": "Who is responsible for reporting?",
   "answer": "The card-issuing or transaction-originating AD reports forex sale for Indian residents, while the merchant acquirer AD reports forex purchase for foreign residents.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12046&Mode=0"
  },
  {
   "question": "Who is responsible for sub-agent compliance?",
   "answer": "Indian Agents (Authorised Persons) bear sole responsibility for ensuring their sub-agents adhere to these AML/CFT guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-225/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8373&Mode=0"
  },
  {
   "question": "Who is responsible for submitting statements on ATM cash-outs for White Label ATMs?",
   "answer": "The bank that meets the cash requirement for the White Label ATM must submit a separate statement on behalf of the WLAO to the RBI Issue Department.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-84/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12144&Mode=0"
  },
  {
   "question": "Who is responsible for verifying customer identities and addresses?",
   "answer": "The entity that last uploaded or updated a customer's KYC records is responsible for verifying the customer's identity and/or address.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-159/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13235&Mode=0"
  },
  {
   "question": "Who is responsible if a downloading bank uses CKYCR records but fails in other CDD aspects?",
   "answer": "The downloading bank remains fully responsible for all aspects of CDD procedure and provisions of the Directions, except verification of identity and/or address. So any other CDD failures are its liability.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-164/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13240&Mode=0"
  },
  {
   "question": "Who is the 'last uploading or updating' AIFI?",
   "answer": "It is the AIFI that most recently uploaded or updated the customer's KYC records in CKYCR. That entity bears the primary responsibility for verifying identity/address. You should check CKYCR metadata to identify this entity.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-157/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13233&Mode=0"
  },
  {
   "question": "Who is the intended audience?",
   "answer": "The Chief Executive Officers of all Primary (Urban) Co-operative Banks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-583/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8869&Mode=0"
  },
  {
   "question": "Who is ultimately responsible for recovery agent actions?",
   "answer": "The regulated entity (bank or lender) that employs the recovery agent bears full responsibility for the agent's actions, as per RBI's outsourcing guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-108/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12378&Mode=0"
  },
  {
   "question": "Who issued the amendment?",
   "answer": "The RBI issued the amendment under section 35A of the Banking Regulation Act, 1949, signed by Chief General Manager Vaibhav Chaturvedi.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-30/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13392&Mode=0"
  },
  {
   "question": "Who issued the operational guidelines for this change?",
   "answer": "SEBI will issue the operational guidelines for implementing the revised limits.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-494/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8746&Mode=0"
  },
  {
   "question": "Who issued this circular and under what authority?",
   "answer": "The circular was issued by RBI under Section 10(2) of the Payment and Settlement Systems Act, 2007, and signed by the Chief General Manager.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-547/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8814&Mode=0"
  },
  {
   "question": "Who manages India's foreign exchange reserves?",
   "answer": "The Reserve Bank of India manages the reserves under the Foreign Exchange Management Act framework, investing foreign currency assets in safe, liquid instruments and holding gold and IMF-related assets. The reserve level changes week to week with RBI market operations and valuation effects.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Who must approve settlements above ₹1 crore?",
   "answer": "An Independent Advisory Committee (IAC) with technical/financial/legal experts must assess the proposal. The Board, including at least two independent directors, then deliberates and records the rationale for choosing settlement.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-106/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12771&Mode=0"
  },
  {
   "question": "Who must be appointed as the designated director?",
   "answer": "Authorised persons may nominate a director on their board as the 'designated director' to ensure compliance with PMLA obligations for money changing activities.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-642/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8941&Mode=0"
  },
  {
   "question": "Who must be informed of the new limits?",
   "answer": "The limits must be conveyed to CCIL for NDS-CALL system and advised to RBI's Financial Markets Department.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-504/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8755&Mode=0"
  },
  {
   "question": "Who must be nominated as the 'designated director'?",
   "answer": "A director on the Board of the RRB or cooperative bank must be nominated to ensure compliance with PMLA obligations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-441/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8686&Mode=0"
  },
  {
   "question": "Who needs to acknowledge receipt of this circular?",
   "answer": "The Nodal Officer or Principal Officer of each payment system operator must acknowledge receipt to the RBI.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-256/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8415&Mode=0"
  },
  {
   "question": "Who needs to be appointed as the designated director?",
   "answer": "Payment system operators must nominate a director on their board to ensure compliance with the Prevention of Money Laundering (Amendment) Act, 2012.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-625/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8919&Mode=0"
  },
  {
   "question": "Who needs to be nominated as a designated Director?",
   "answer": "Authorised Persons under MTSS must nominate a Director on their Board to ensure compliance with PMLA obligations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-643/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8942&Mode=0"
  },
  {
   "question": "Who needs to be nominated as the 'designated director'?",
   "answer": "A director on the bank's Board must be nominated to ensure compliance with the Prevention of Money Laundering (Amendment) Act, 2012.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-421/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8659&Mode=0"
  },
  {
   "question": "Who pays the compensation if multiple entities are involved?",
   "answer": "Compensation is apportioned proportionately among the responsible credit institutions and credit information companies.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-72/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12554&Mode=0"
  },
  {
   "question": "Who prepares the list of eligible audit firms?",
   "answer": "NABARD prepares an annual All-India State-wise list of eligible audit firms, using data from the Institute of Chartered Accountants of India (ICAI) and applying the eligibility criteria specified in the guidelines.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-113/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12599&Mode=0"
  },
  {
   "question": "Who publishes India's GDP data?",
   "answer": "India's GDP and National Accounts are compiled and published by the National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI). The RBI republishes the series in its Handbook of Statistics on the Indian Economy. Estimates are released as advance, provisional and revised vintages, so figures for recent years change as more data arrives.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Who qualifies as a 'relative' of a director?",
   "answer": "Relatives include spouse, parents, children, siblings, and their spouses, as well as members of a Hindu Undivided Family, as defined in the circular's annex.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-205/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8351&Mode=0"
  },
  {
   "question": "Who regulates UPI and digital payments?",
   "answer": "RBI authorises and supervises payment-system operators under the payment and settlement systems law, while the retail UPI rail is operated by NPCI within that regulatory perimeter.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Who regulates UPI in India — the RBI or NPCI?",
   "answer": "Both, at different layers. UPI is operated by the National Payments Corporation of India (NPCI), which issues UPI's own operating and procedural circulars to member banks and apps. The Reserve Bank of India regulates UPI as a payment system under the Payment and Settlement Systems Act, 2007, through its Department of Payment and Settlement Systems (DPSS). BankPulse maps UPI to its RBI regulatory anchor — the DPSS payment-system framework — and links every tracked circular to its official rbi.org.in page.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Who requested RBI to issue these instructions?",
   "answer": "The Department of Financial Services, Government of India, requested RBI to facilitate payment of tax under the Service Tax Voluntary Compliance Encouragement Scheme, 2013.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-420/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8658&Mode=0"
  },
  {
   "question": "Who reviews the content in these clusters?",
   "answer": "BankPulse content is reviewed by Vikram Jain, a Chartered Accountant, and every item links back to the official RBI source. BankPulse does not reproduce RBI text verbatim.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Who reviews the definitions?",
   "answer": "The definitions are cross-checked against current RBI frameworks and reviewed under the BankPulse accuracy process by Vikram Jain, a Chartered Accountant.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Who reviews the output?",
   "answer": "Methodology and mappings are reviewed by Vikram Jain. BankPulse is an independent platform, not affiliated with the Reserve Bank of India.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Who runs UPI and who regulates it?",
   "answer": "UPI is operated by the National Payments Corporation of India (NPCI). It is regulated by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007, through the Department of Payment and Settlement Systems.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Who should acknowledge receipt of this circular?",
   "answer": "The Compliance Officer or Principal Officer of the bank must send an acknowledgment to the concerned RBI Regional Office.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-196/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8337&Mode=0"
  },
  {
   "question": "Who should banks contact for the domain registration process?",
   "answer": "Banks should contact IDRBT at sahyog@idrbt.ac.in, which has been authorised as the exclusive registrar for the .bank.in domain.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12837&Mode=0"
  },
  {
   "question": "Who should be nominated as the designated director?",
   "answer": "Any director on the Board of the UCB can be nominated, but they must be formally designated to ensure compliance with PMLA obligations.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-497/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8749&Mode=0"
  },
  {
   "question": "Who should I contact for resolving issues related to CIMS onboarding?",
   "answer": "Foreign Exchange Department of the concerned Regional Office of the Reserve Bank of India",
   "page": "https://bankpulse.ai/c/rbi-2025-26-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13172&Mode=0"
  },
  {
   "question": "Who should RRBs contact for further details?",
   "answer": "RRBs may approach the Chief General Manager, Financial Market Regulation Department, RBI Central Office, Mumbai, via email at cgmfmrd@rbi.org.in.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-78/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12006&Mode=0"
  },
  {
   "question": "Who should we contact for help with FINnet or XML format?",
   "answer": "Contact the FIU-IND help desk at telephone numbers 011-24109792/93 or via email (email address not specified in the circular) for any clarification or assistance regarding submission of reports.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-569/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8847&Mode=0"
  },
  {
   "question": "Who should we contact for technical issues with the online application?",
   "answer": "For technical problems, email Shri C.L. Sharma, Technical Director (NIC), at clsharma@nic.in. For other clarifications, contact MHA at ds-fcra@nic.in.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-297/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8470&Mode=0"
  },
  {
   "question": "Who should we contact for technical issues with the online portal?",
   "answer": "For technical problems, contact Shri C.L. Sharma, Technical Director at NIC, New Delhi. For other clarifications, email MHA at the address provided in the circular.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-280/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8445&Mode=0"
  },
  {
   "question": "Who was consulted before extending these norms to RCBs?",
   "answer": "RBI consulted the National Bank for Agriculture and Rural Development (NABARD) before deciding to extend the Master Direction to State and Central Co-operative Banks.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-181/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12457&Mode=0"
  },
  {
   "question": "Who will be impacted by the amendments?",
   "answer": "Housing finance companies, non-banking financial companies, and their customers will be impacted by the amendments.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-124/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13494&Mode=0"
  },
  {
   "question": "Who will be responsible for creating login credentials for users?",
   "answer": "Admin Users of the respective entity will create login credentials.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-171/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13247&Mode=0"
  },
  {
   "question": "Who will generate UTI?",
   "answer": "The UTI generating entity will be determined as per the waterfall in Table 1, with responsibility assigned to the next entity in the waterfall in case the identified UTI generating entity is unable or unwilling to generate the UTI.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-222/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13307&Mode=0"
  },
  {
   "question": "Who will issue guidelines for RRBs and cooperative banks?",
   "answer": "NABARD will issue separate guidelines to Regional Rural Banks and Cooperative Banks regarding this scheme.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-373/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8580&Mode=0"
  },
  {
   "question": "Why are ASBA branches required to open on Sunday?",
   "answer": "The government requested banks to facilitate LIC IPO bidding, and RBI agreed, mandating ASBA branches to remain open on May 8, 2022, to process applications.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12310&Mode=0"
  },
  {
   "question": "Why are banks required to open on these two days?",
   "answer": "To facilitate collection of advance income and corporate taxes and manage the expected rush of taxpayers before the deadline.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-253/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8410&Mode=0"
  },
  {
   "question": "Why are currency chest holding banks required to operate on March 31, 2024?",
   "answer": "To account for government transactions relating to receipts and payments in the current financial year.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-142/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12641&Mode=0"
  },
  {
   "question": "Why are different colors required for cumulative and non-cumulative bond forms?",
   "answer": "Different colors help bank staff and customers easily distinguish between the two types of bonds, reducing errors in processing.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-654/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8956&Mode=0"
  },
  {
   "question": "Why can WPI inflation be negative?",
   "answer": "WPI is dominated by manufactured goods, fuel and primary articles, whose global commodity prices can fall outright. When commodity and fuel prices drop year-on-year, the WPI can show negative inflation (wholesale deflation) even while retail CPI inflation, which carries services and a large food weight, stays positive - as happened in 2023-24.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why did India's debt-to-GDP jump in 2020-21?",
   "answer": "Two things happened at once during COVID-19: governments borrowed much more to fund relief and lost revenue, while nominal GDP — the denominator of the ratio — shrank. Both pushed the debt-to-GDP ratio up sharply, with General Government debt rising to roughly 88% of GDP. As the economy and nominal GDP rebounded strongly afterwards, the ratio came back down even though the rupee value of debt kept rising.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why did Indian banks' NIM expand and then ease?",
   "answer": "When the RBI raised the repo rate sharply through 2022-23, floating-rate loans (many linked to the external benchmark) repriced upward almost immediately, while deposit rates lagged because banks reprice term deposits only as they mature. That timing gap widened margins, so system NIM rose toward about 3.5% by FY24. As deposit costs then caught up -- and competition for deposits intensified with a tight credit-deposit ratio -- NIM eased modestly to about 3.4% in FY25. NIM therefore moves with the rate cycle and the lag between loan and deposit repricing.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why did RBI align HFC deposit ratings with NBFC norms?",
   "answer": "To bring consistency in regulatory treatment across non-banking financial entities, ensuring HFCs follow the same deposit rating framework as NBFCs.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-74/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12134&Mode=0"
  },
  {
   "question": "Why did RBI ban this for RRBs?",
   "answer": "Such loans expose banks to higher risks like fund diversion by builders, project delays, and borrower credit score damage if builders default on EMI payments.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-247/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8402&Mode=0"
  },
  {
   "question": "Why did RBI change the Reverse Repo window timing?",
   "answer": "The change was based on feedback from market participants to better suit their operational needs. The new timing allows for later participation in the LAF Reverse Repo.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-451/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8697&Mode=0"
  },
  {
   "question": "Why did RBI change the Term Repo auction timings?",
   "answer": "The revision was made in response to requests from market participants, aiming to better suit operational needs and improve liquidity management efficiency.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-491/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8743&Mode=0"
  },
  {
   "question": "Why did RBI defer NSFR implementation?",
   "answer": "Due to continued uncertainty from COVID-19, RBI decided to give banks more time to prepare.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11971&Mode=0"
  },
  {
   "question": "Why did RBI defer the CCB tranche?",
   "answer": "Due to continuing stress from COVID-19, RBI postponed the final 0.625% CCB tranche to aid recovery and give banks more time to build capital buffers without pressure.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-93/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12023&Mode=0"
  },
  {
   "question": "Why did RBI extend the Basel III implementation timeline?",
   "answer": "Industry concerns about asset quality stress and profitability impact led RBI to extend the timeline to March 31, 2019, giving banks more lead time to raise capital while aligning with the international deadline of January 1, 2019.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-538/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8806&Mode=0"
  },
  {
   "question": "Why did RBI extend the compliance deadline for current account rules?",
   "answer": "RBI received several operational queries from banks regarding the maintenance of existing current accounts. To allow time for these issues to be addressed via a forthcoming FAQ, the deadline was moved from November 5 to December 15, 2020.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-62/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11990&Mode=0"
  },
  {
   "question": "Why did RBI extend the deadline?",
   "answer": "Banks requested more time because they had not completed CBS modifications and were relying on temporary conversion solutions from IT providers.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-413/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8639&Mode=0"
  },
  {
   "question": "Why did RBI extend the higher ceiling until February 28, 2014?",
   "answer": "RBI stated it was giving banks some additional time before reverting to the pre-August 2013 ceiling, likely to allow banks to adjust their deposit pricing and funding strategies.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-477/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8724&Mode=0"
  },
  {
   "question": "Why did RBI extend this dispensation?",
   "answer": "To give banks more time to adjust to the earlier deregulation and continue benefiting from CRR/SLR exemption on these deposits, which allows them to offer higher rates without reserve costs.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-484/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8736&Mode=0"
  },
  {
   "question": "Why did RBI extend this to SPDs?",
   "answer": "As announced in the August 2022 monetary policy statement, to permit SPDs to deal in FCS-OIS.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-105/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12374&Mode=0"
  },
  {
   "question": "Why did RBI hike the MSF rate?",
   "answer": "The hike was announced as part of the Third Quarter Review of the Monetary Policy 2013-14, likely to manage inflationary pressures and align short-term rates with policy stance.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-471/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8719&Mode=0"
  },
  {
   "question": "Why did RBI increase CRR for non-scheduled StCBs and CCBs?",
   "answer": "The Banking Laws (Amendment) Act 2012 gave RBI power to set CRR for these banks. The hike to 4% aligns them with scheduled StCBs for monetary stability.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-631/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8926&Mode=0"
  },
  {
   "question": "Why did RBI increase the balance limit for Payments Banks?",
   "answer": "RBI noted the progress PBs have made in financial inclusion and wanted to give them more flexibility. The increase from ₹1 lakh to ₹2 lakh per customer at end of day was announced in the April 2021 developmental policy statement.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-20/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12074&Mode=0"
  },
  {
   "question": "Why did RBI increase the repo rate?",
   "answer": "The hike was announced in the Mid-Quarter Review of the Monetary Policy 2013-14 to curb inflationary pressures.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-278/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8440&Mode=0"
  },
  {
   "question": "Why did RBI issue this amendment?",
   "answer": "The amendment follows the DICGC's issuance of the Risk Based Premium Framework on February 6, 2026, and aims to improve transparency around deposit insurance premium compliance.",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-245/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13336&Mode=0"
  },
  {
   "question": "Why did RBI issue this circular for cooperative banks?",
   "answer": "State and Central governments reported difficulties in crediting scholarships and DBT into zero-balance accounts that had become dormant due to no customer transactions for over two years. RBI relaxed the dormancy rule for these specific accounts.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-313/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8491&Mode=0"
  },
  {
   "question": "Why did RBI issue this circular for UCBs?",
   "answer": "State and Central governments reported difficulties crediting scholarships and DBT into accounts that were classified as dormant due to no transactions for two years. This circular resolves that by exempting such accounts from the dormant tag.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-300/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8473&Mode=0"
  },
  {
   "question": "Why did RBI issue this directive?",
   "answer": "RBI identified higher risks in such products, including fund diversion by builders, disputes between buyers and builders, and borrower credit score damage from delayed EMI payments by builders.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-217/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8366&Mode=0"
  },
  {
   "question": "Why did RBI make these changes?",
   "answer": "To address delays caused by incorrect payment routing and late application submissions, improving turnaround time for processing compounding applications.",
   "page": "https://bankpulse.ai/c/rbi-fed-2025-26-29/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12838&Mode=0"
  },
  {
   "question": "Why did RBI raise risk weights on personal loans?",
   "answer": "Higher risk weights on certain unsecured consumer loans were used as a macroprudential tool to slow rapid growth and make sure lenders hold more capital against this riskier book. It raises the capital cost of the product rather than banning it.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why did RBI reduce the overnight repo quantum?",
   "answer": "The reduction was part of the First Bi-monthly Monetary Policy Statement 2014-15, aimed at gradually absorbing excess liquidity and aligning short-term rates with the policy rate.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-549/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8822&Mode=0"
  },
  {
   "question": "Why did RBI reduce the SLR for RRBs?",
   "answer": "The reduction was announced in the Second Bi-monthly Monetary Policy statement for 2014-15 on June 3, 2014, as part of RBI's policy to ease liquidity and support economic growth.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-626/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8920&Mode=0"
  },
  {
   "question": "Why did RBI replace CRISIL Limited with CRISIL Ratings Limited?",
   "answer": "CRISIL Limited transferred its rating business to CRISIL Ratings Limited, a wholly owned subsidiary, to comply with SEBI's notification dated September 11, 2018 and circular dated September 19, 2018. RBI has updated its list accordingly.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12016&Mode=0"
  },
  {
   "question": "Why did RBI replace LIBOR with ARR for FCNR(B) deposits?",
   "answer": "LIBOR is being phased out globally as a benchmark rate. RBI adopted Overnight Alternative Reference Rates to ensure a smooth transition and maintain a reliable benchmark for pricing these deposits.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12191&Mode=0"
  },
  {
   "question": "Why did RBI shift the MSF timing to 7:00 PM–7:30 PM?",
   "answer": "The change was announced in the Second Quarter Review of Monetary Policy 2013-14 to better align with extended market hours and provide banks a later window for emergency liquidity management.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-351/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8545&Mode=0"
  },
  {
   "question": "Why did RBI withdraw these 34 circulars?",
   "answer": "As part of the Regulations Review Authority (RRA 2.0) interim recommendations, RBI is cleaning up outdated circulars that are no longer relevant. These specific circulars from 1968-1984 pertained to the Export Credit (Interest Subsidy) Scheme, 1968, which has been superseded by modern frameworks.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-39/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12307&Mode=0"
  },
  {
   "question": "Why did RBI withdraw these circulars?",
   "answer": "As part of the Regulations Review Authority (RRA 2.0) interim recommendations, RBI is cleaning up legacy circulars that are no longer relevant or have been superseded.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12305&Mode=0"
  },
  {
   "question": "Why did the bank fraud amount rise in FY25 even though cases fell?",
   "answer": "The amount involved jumped mainly because of reclassification, not a fresh wave of large frauds. RBI has noted that about Rs 18,674 crore across 122 older cases -- previously de-classified -- was reported afresh in FY25 after re-examination, following the Supreme Court judgment of 27 March 2023 requiring banks to give borrowers a hearing before classifying an account as fraud. Strip that out and the underlying FY25 amount is far smaller. This is why the headline 'amount tripled' can mislead: case counts (down ~34%) and amount (up ~3x) moved in opposite directions.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why did the number of bank frauds explode in FY24?",
   "answer": "The ~166% jump in FY24 case counts (to 36,075) was driven overwhelmingly by small-value frauds in the digital payments space -- card, internet and online payment frauds -- which are large in number but small in rupee value. That is why FY24 set a record for the NUMBER of cases while the total AMOUNT involved actually fell about 47% to roughly Rs 13,930 crore. The pattern marks a structural shift from a few very large corporate-loan frauds toward many small retail digital frauds.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why do co-operative banks feature heavily in RBI penalties?",
   "answer": "Smaller co-operative banks account for a large share of RBI monetary penalties, typically for lapses in KYC/AML, exposure norms or deposit rules. The penalty tracker records each action with a link to the official RBI press release.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why do CP and CD rates matter?",
   "answer": "CP and CD rates are a real-time gauge of short-term funding costs and system liquidity. When liquidity is tight, CP/CD rates rise above the repo rate; when the system is flush, they ease toward the LAF corridor floor. A surge in CD issuance signals banks scrambling for funds as credit outpaces deposits, while rising CP rates can flag stress for NBFCs that rely on market funding.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why do forex reserves matter for the rupee?",
   "answer": "Reserves let the RBI smooth excessive volatility in the rupee by buying or selling dollars, provide an import-cover buffer (about 8 months of imports), and underpin external-sector confidence and India's sovereign credit standing. They are managed for safety and liquidity rather than return.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why do NRI deposits matter for banks and the rupee?",
   "answer": "NRI deposits are a sizeable, relatively stable source of foreign-currency and rupee funding for Indian banks, and a steady financing item for the external accounts alongside the current account. Inflows tend to rise when Indian deposit rates are attractive relative to global rates and the rupee is stable; the RBI at times eases interest-rate ceilings or reserve requirements on these schemes to encourage inflows and support the rupee.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why do SDLs matter for banks?",
   "answer": "Banks are major buyers of SDLs because the securities are SLR-eligible and offer a yield pick-up over central G-Secs for a similar risk profile. Heavy SDL supply adds to the overall stock of government paper banks must absorb, which can lift yields and move the mark-to-market on bank bond portfolios. SDL spreads and issuance are therefore part of the same government-borrowing backdrop as the fiscal deficit and G-Sec yields.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why do SDLs yield more than central G-Secs?",
   "answer": "SDLs typically trade at a spread of roughly 35 to 70 basis points over comparable-tenor central Government Securities. The spread reflects that SDLs are state obligations rather than the sovereign, are somewhat less liquid in the secondary market, and vary in supply across states. The spread widens when issuance is heavy or liquidity tightens and narrows when system liquidity is ample.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does a high CD ratio matter for banks?",
   "answer": "A persistently high CD ratio means credit is growing faster than deposits, so banks must fund loans from costlier sources such as bulk deposits, certificates of deposit or borrowings. That raises the cost of funds, can squeeze the net interest margin and leaves less liquidity buffer. The RBI flags an elevated system CD ratio in its Financial Stability Report and nudges banks to mobilise more retail deposits.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does GDP growth matter for banks and the RBI?",
   "answer": "GDP growth shapes both monetary policy and banking. The RBI weighs growth against inflation when it sets the repo rate, so a strong economy with rising inflation argues for tighter policy and vice versa. For banks, faster GDP growth typically means stronger credit demand, better borrower cash flows and lower defaults, while a slowdown raises asset-quality risk. That is why bank credit growth and non-performing assets track the economic cycle.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does government debt matter for banks?",
   "answer": "Banks are the largest holders of government securities, partly because the Statutory Liquidity Ratio (SLR) requires them to hold a minimum share of deposits in such bonds. A higher debt stock means more issuance and a heavier supply of G-Secs, which can lift yields and the cost of funds and create mark-to-market gains or losses on banks' bond portfolios. Government debt sustainability also shapes sovereign ratings and overall financial-market conditions in which banks operate.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does GST collection matter for banks?",
   "answer": "GST collection is a near-real-time proxy for consumption and economic activity, so it signals the demand environment in which banks lend. It is also a major source of government revenue, so strong GST eases the fiscal deficit and the government's market borrowing, which affects G-Sec yields and bank bond portfolios. In addition, banks and NBFCs increasingly use a borrower's GST returns (via the Account Aggregator framework) to underwrite MSME and business loans.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does India run a current account deficit?",
   "answer": "India runs a large merchandise (goods) trade deficit, mainly because it imports crude oil, gold and electronics. That goods deficit is substantially offset by two big surpluses - net services exports (software, IT/BPO and travel) and remittances from Indians working abroad. The leftover gap is the current account deficit, usually a small share of GDP.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does India run a large goods trade deficit?",
   "answer": "India imports far more goods by value than it exports, mainly because it buys large volumes of crude oil and petroleum products, gold, and electronics from abroad, while its export basket - petroleum products, engineering goods, gems and jewellery, pharmaceuticals and chemicals - is smaller in total value. The gap between the two is the merchandise trade deficit.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does RBI prohibit writing on banknotes?",
   "answer": "Under mechanized processing, any writing or scribbling makes a note unfit for reissue. Such notes are treated as soiled and cannot be recirculated, wasting currency and increasing replacement costs.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-183/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8308&Mode=0"
  },
  {
   "question": "Why does RBI still require preservation of 2016 CCTV recordings?",
   "answer": "Law enforcement agencies have pending investigations and court cases related to illegal accumulation of new currency notes during demonetisation, making these recordings essential evidence.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-51/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12110&Mode=0"
  },
  {
   "question": "Why does the CAD/GDP ratio matter?",
   "answer": "The CAD as a share of GDP is a key gauge of external stability. A modest CAD - say 1-2% of GDP - is generally comfortable and easily financed by capital inflows. A CAD that widens beyond about 2.5-3% of GDP can pressure the rupee and forex reserves, because it must be funded by foreign capital. Markets watch the ratio closely as a sign of whether India is living within its external means.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the call money rate matter for banks?",
   "answer": "The overnight call rate is the shortest point on the yield curve and the marginal cost of overnight funds for banks. It feeds into money-market rates (TREPS, CDs, CPs), short-term benchmarks and ultimately banks' cost of funds. A WACR that sits below the repo rate signals easy liquidity; one above it signals a deficit.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the CASA ratio matter for banks?",
   "answer": "CASA is the cheapest, most stable source of bank funding, so the CASA ratio directly shapes a bank's cost of funds and therefore its net interest margin (NIM). When the CASA ratio falls, banks must fund more lending with higher-cost term deposits, which raises their cost of funds and squeezes margins -- especially when bank credit is growing faster than deposits and the credit-deposit ratio is tight. That is why a sustained decline in the CASA share is a structural headwind for bank profitability, and why banks compete hard for salary accounts and transaction balances that build CASA.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the cost-to-income ratio matter?",
   "answer": "The cost-to-income ratio matters because it links straight to a bank's bottom line: for a given level of income, a lower ratio leaves more for provisions and profit and supports return on assets (RoA) and return on equity (RoE). It is the cleanest single read on operating efficiency, used by analysts and the RBI to compare banks and bank groups. When net interest margins are under pressure -- for example as deposit costs catch up after a rate cycle -- keeping the cost-to-income ratio in check through technology and process efficiency becomes the main lever banks have to defend profitability.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the credit-to-GDP ratio matter for banks?",
   "answer": "For lenders, a low but rising credit-to-GDP ratio points to a long structural runway for loan growth in India relative to saturated markets. It also frames prudential policy: the RBI and Basel committee watch the credit-to-GDP gap when calibrating the countercyclical capital buffer, and the ratio's trajectory interacts with deposit mobilisation -- if credit grows faster than deposits, banks face funding and liquidity pressure, as the credit-deposit ratio shows.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the deposit mix matter for banks?",
   "answer": "The mix of deposits drives a bank's cost of funds. Low-cost CASA and demand deposits are cheap funding, while time deposits are more expensive but stickier. A bank with a high CASA ratio can lend at better margins; when depositors shift from CASA to term deposits - as they do when interest rates rise - banks' funding costs go up and margins compress.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the fiscal deficit matter for banks and the RBI?",
   "answer": "A large fiscal deficit means heavy government borrowing through dated securities and treasury bills, which banks are the biggest buyers of. More supply of government bonds tends to push up G-Sec yields and the cost of funds, can crowd out private credit, and feeds into banks' SLR holdings and mark-to-market on their bond books. The RBI also manages this borrowing and watches the deficit alongside inflation, so the fiscal path interacts with monetary policy, liquidity and the rupee.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the G-Sec yield matter for banks?",
   "answer": "Banks hold large portfolios of government securities to meet the Statutory Liquidity Ratio (SLR), so G-Sec yields directly drive the mark-to-market value of those holdings — rising yields cause bond losses and falling yields create gains. G-Sec yields also feed into the external benchmark and marginal-cost lending rates that price loans, and into the cost at which the government and corporates borrow.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the lending-deposit spread matter for banks?",
   "answer": "The gap between the average lending rate (WALR) and the average deposit rate (WADTDR) is the raw material of a bank's net interest margin. When the RBI cuts the repo, EBLR-linked loans reprice down quickly while term deposits reprice only as they mature, so the spread can compress and squeeze margins in an easing cycle; in a hiking cycle the reverse can briefly widen it. Watching WALR and WADTDR together with the repo rate shows whether bank margins are likely to be under pressure, which is why the spread is a core monetary-transmission and bank-profitability indicator. It links directly to the net interest margin and cost-to-income dashboards.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the RBI impose monetary penalties on banks?",
   "answer": "The RBI imposes monetary penalties for non-compliance with its directions, after a statutory show-cause and inspection process. Common areas include KYC/AML, exposure norms, IRAC/asset-classification rules and deposit-account rules.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the RBI track sectoral credit deployment?",
   "answer": "The RBI tracks sectoral deployment to see where credit is flowing and where it is slowing — for example, fast growth in unsecured personal loans, or weak industrial credit. It uses this to gauge financial-stability risks, calibrate risk weights and priority-sector norms, and inform monetary policy.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the RBI watch foreign investment flows?",
   "answer": "Because these flows fund the current account deficit and drive the rupee and forex reserves. Stable FDI is welcome as durable financing; volatile FPI can cause sharp rupee swings and reserve drawdowns when it reverses. The RBI manages this through forex-market operations and liquidity tools, and tracks the FDI/FPI mix as a gauge of how resilient India's external financing is.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the real deposit rate matter for banks?",
   "answer": "A positive real deposit rate makes fixed deposits attractive relative to gold, equities or simply spending, which supports bank deposit mobilisation -- important when bank credit is growing faster than deposits and lenders face a tight credit-deposit ratio. A negative real rate, by contrast, pushes savers toward other assets and can slow deposit growth, tightening bank funding. The real rate therefore links RBI monetary policy (which sets the repo rate that flows into deposit rates) to the deposit base that funds lending.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why does the trade deficit matter for the rupee?",
   "answer": "A larger goods trade deficit means more demand for foreign currency to pay for imports than is earned from exports, which tends to weaken the rupee unless offset by services earnings, remittances and capital inflows. A widening deficit can also draw down RBI forex reserves, so markets and the RBI watch the monthly trade numbers closely as an early signal of external pressure.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why has debit-card usage in India fallen?",
   "answer": "UPI has largely replaced the debit card for everyday low-value payments. A customer who once swiped a debit card at a shop now scans a UPI QR code instead, so debit-card transaction volumes at points of sale and online have flattened or fallen even as the number of debit cards stays high. Credit cards, used for larger and credit-funded purchases, have been more resilient.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why has Indian banks' PCR risen so much?",
   "answer": "Through the bad-loan crisis of the late 2010s the RBI pushed banks to recognise non-performing assets honestly and to provide heavily against them. As banks built up provisions faster than fresh slippages, and as old bad loans were written off or recovered, the share of NPAs already covered by provisions climbed steadily -- from around two-thirds early in the clean-up to roughly three-quarters now. A high PCR is the legacy of that clean-up: it means most of the pain on the existing bad-loan stock has already been taken through the profit and loss account.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why has Indian banks' RoA improved so much?",
   "answer": "For most of the 2010s Indian banks, especially public-sector banks, were dragged down by a large stock of bad loans that forced heavy provisioning and crushed profits -- sector RoA was near zero in the worst years. Since then a sustained clean-up of non-performing assets, recoveries under the insolvency code, fresh capital and stronger net interest margins through the rate-hike cycle have lifted profitability sharply. As provisioning needs fell and margins widened, system RoA rose past 1% in FY23 and to about 1.3% by FY24, its highest in over a decade, with RoE near 14%.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why has MIFOR been removed as a significant benchmark?",
   "answer": "MIFOR was based on USD LIBOR, which ceased publication after June 30, 2023, and became non-representative. RBI approved FBIL to stop publishing MIFOR, so it no longer qualifies as a significant benchmark.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12519&Mode=0"
  },
  {
   "question": "Why has Phase 2 been postponed?",
   "answer": "RBI has postponed Phase 2 until further notice to allow banks more time to streamline their operations before implementation.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-156/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13232&Mode=0"
  },
  {
   "question": "Why has RBI removed the ceiling only for longer-tenor NRE deposits?",
   "answer": "To pass on the benefit of the CRR/SLR exemption granted on incremental NRE deposits of 3 years and above, allowing banks to offer higher rates and attract more long-term non-resident rupee funds.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-186/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8311&Mode=0"
  },
  {
   "question": "Why has the rupee weakened against the dollar?",
   "answer": "A currency's level reflects trade and capital flows, interest-rate differentials, the dollar's global strength, oil prices and portfolio flows. Over the 12 months to mid-2026 the rupee depreciated roughly 8.96% against the US dollar, though it recovered about 2.75% in the most recent month. The RBI smooths excess volatility through dollar sales and purchases rather than targeting a fixed level.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why have gold loans grown so fast in India?",
   "answer": "Several forces have pushed gold loans up: a sharp rise in gold prices lifts the value of the same pledged jewellery, so the same gram of gold supports a larger loan; banks expanded retail gold-loan branches and digital gold-loan products; demand for quick, fully-secured credit rose among households and small businesses; and some agriculture loans collateralised by gold were reclassified into the retail gold-loan bucket. Because the loans are secured and short-tenor, lenders see them as relatively low-risk, which is why the RBI also watches gold-loan practices closely for valuation, auction and LTV compliance.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why is anonymous reporting important?",
   "answer": "It encourages banks to share sensitive incident details without fear of exposure, helping build a comprehensive repository for better preventive measures across the industry.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-501/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8753&Mode=0"
  },
  {
   "question": "Why is deposit growth lagging credit growth?",
   "answer": "Credit growth (16%) is running ahead of deposit growth (12.3%), so banks are mobilising deposits more aggressively through bulk-deposit pricing and CASA drives to fund the lending upcycle.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why is FPI so volatile?",
   "answer": "FPI is portfolio money in stocks and bonds that can be sold and repatriated within days, so it responds quickly to global interest rates, the US dollar, risk appetite and India's relative returns. In risk-off periods foreign investors pull money out (net outflows), and in risk-on periods they pour it in. That is why India's net FPI can be a large outflow one year and a large inflow the next, unlike the steadier FDI.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why is India's CASA ratio falling?",
   "answer": "The CASA ratio is falling mainly because term (fixed) deposits now pay much higher interest than savings accounts after the RBI's rate-hike cycle, so households and businesses shift idle savings into term deposits to earn a real return. The CASA share peaked near 44% in the ultra-low-rate FY22, when term deposits were unattractive, and has drifted down toward about 38% by FY25. Competition for deposits and a move toward other assets (equities, mutual funds) add to the pressure. Figures are rounded and approximate and vary by bank.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why is India's credit-to-GDP ratio considered low?",
   "answer": "Compared with peers, India's bank-credit-to-GDP ratio is low: China's is well over 150% of GDP and many advanced economies run above 100%, while India sits around 50-56%. Economists read that gap as 'financial deepening' headroom -- room for the formal banking and NBFC system to extend more credit to households and firms as incomes rise and more activity moves from informal to formal finance.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why is March 30, 2025 being treated as a working day for e-Kuber?",
   "answer": "The Controller General of Accounts advised that all government transactions for FY 2024-25 must be accounted within the financial year. Since March 30 falls on a Sunday, RBI decided to keep e-Kuber open for government transactions to ensure accurate closing of cash balances.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12763&Mode=0"
  },
  {
   "question": "Why is March 31, 2024 being treated as a working day for government transactions?",
   "answer": "March 31, 2024 falls on a Sunday, which is normally a global holiday for e-Kuber. To ensure all government receipts and payments of FY2023-24 are accounted within that financial year, RBI has declared it a working day specifically for these transactions.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-65/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12541&Mode=0"
  },
  {
   "question": "Why is March 31, 2025, a public holiday but still a working day for Currency Chests?",
   "answer": "March 31 is the last day of the financial year, and RBI requires all government transactions to be accounted for in FY 2024-25. Despite being a public holiday, Currency Chests must operate normally to support these closures.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-129/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12796&Mode=0"
  },
  {
   "question": "Why is RBI aligning wire transfer rules with FATF recommendations?",
   "answer": "To strengthen anti-money laundering and counter-terrorist financing measures, ensuring Indian regulations meet global standards.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12498&Mode=0"
  },
  {
   "question": "Why is RBI asking for auditor certificates now?",
   "answer": "Because the government found a wide divergence between the percentage of errors in CAG's sample audit and the percentage of errors banks reported in their own verification, indicating possible under-reporting.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-299/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8472&Mode=0"
  },
  {
   "question": "Why is RBI insisting on CIC membership for UCBs?",
   "answer": "UCBs are classified as credit institutions under the Credit Information Companies (Regulation) Act, 2005, making it mandatory for them to join a CIC to share and access credit data, which helps in better credit appraisal and risk management.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-202/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8348&Mode=0"
  },
  {
   "question": "Why is RBI introducing the .bank.in domain?",
   "answer": "To combat increased fraud in digital payments and enhance cybersecurity, thereby boosting public trust in digital banking systems.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-28/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12837&Mode=0"
  },
  {
   "question": "Why is RBI issuing this reminder?",
   "answer": "RBI received public feedback that banks are not following the simplified procedure, so it reiterates compliance and adds the online form requirement.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-248/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8403&Mode=0"
  },
  {
   "question": "Why is RBI pushing for interoperable QR codes?",
   "answer": "To reinforce acceptance infrastructure, improve user convenience by allowing any app to scan any QR code, and enhance overall system efficiency.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-59/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11987&Mode=0"
  },
  {
   "question": "Why is RBI reducing the MSF dip limit from 3% to 2%?",
   "answer": "The 3% limit was a temporary COVID-19 relaxation to ease liquidity stress. With conditions normalizing, RBI is returning to the standard 2% dispensation as announced in the Governor's statement on December 8, 2021.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-138/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12207&Mode=0"
  },
  {
   "question": "Why is RBI restoring CRR now?",
   "answer": "The 100 bps cut was a temporary COVID relief for one year ending March 26, 2021. RBI decided to gradually restore it in two phases to avoid market disruption, as announced in the February 5, 2021 policy statement.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12020&Mode=0"
  },
  {
   "question": "Why is RBI treating this as correspondent banking?",
   "answer": "Because the commercial bank is providing banking services to another financial institution (cooperative bank) on behalf of its customers, which mirrors the structure of correspondent banking and carries similar risks.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-342/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8536&Mode=0"
  },
  {
   "question": "Why is special clearing needed on October 3, 2025?",
   "answer": "To facilitate the transition to continuous clearing and settlement on realisation in CTS, which begins phase 1 on October 4, 2025. The special clearing ensures a smooth handover by processing pending items from October 1 and clearing all instruments on October 3.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12900&Mode=0"
  },
  {
   "question": "Why is special clearing only for government cheques?",
   "answer": "To facilitate accounting of all government transactions for the financial year 2022-23 by March 31, 2023, as per the DGBA circular on annual closing of government accounts.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-190/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12466&Mode=0"
  },
  {
   "question": "Why is the combined deficit less than the Centre's plus the States' deficit?",
   "answer": "The combined fiscal deficit is not a simple sum of the central and state deficits because transactions between the two layers of government are netted out. For example, the Centre's loans and advances to states appear as spending for the Centre and borrowing for the states; counting both would double-count. The RBI's Handbook of Statistics publishes the consolidated combined GFD after removing these inter-governmental flows, which is why it is lower than adding the two headline numbers.",
   "page": "https://bankpulse.ai/answers/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in"
  },
  {
   "question": "Why must agency banks open on March 31, 2025, a public holiday?",
   "answer": "The Government of India requested to account for all government transactions in FY 2024-25 itself, so RBI directed agency banks to remain open on that day.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12778&Mode=0"
  },
  {
   "question": "Why must ARCs now join all CICs instead of just one?",
   "answer": "To align with bank and NBFC norms and ensure a complete credit history is maintained when loans are transferred, preventing data gaps that could affect borrower credit scores.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-82/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12740&Mode=0"
  },
  {
   "question": "Why was Indian Bank chosen as Lead Bank for Biswanath?",
   "answer": "The RBI circular does not specify the rationale, but lead bank assignments are typically based on the bank's existing presence and capacity in the region.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-35/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12685&Mode=0"
  },
  {
   "question": "Why was NSFR implementation deferred again?",
   "answer": "The deferral is due to ongoing stress from COVID-19, giving banks more time to prepare without immediate compliance pressure.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-95/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12025&Mode=0"
  },
  {
   "question": "Why was Pakyong district created?",
   "answer": "The Government of Sikkim notified the formation of Pakyong as a new district via a gazette notification in December 2021.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-165/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12438&Mode=0"
  },
  {
   "question": "Why was sub-paragraph 21(i)(b) deleted?",
   "answer": "The deletion is consequent to the issuance of the Second Amendment Directions on Classification, Valuation, and Operation of Investment Portfolio, 2026.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-90/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13457&Mode=0"
  },
  {
   "question": "Why was Syndicate Bank removed from the Second Schedule?",
   "answer": "Because it ceased to carry on banking business from April 1, 2020, following its amalgamation with Canara Bank. The removal is a legal formality to update the RBI's records.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11975&Mode=0"
  },
  {
   "question": "Why was the Bank Rate changed?",
   "answer": "The change followed the repo rate hike announced in the Third Quarter Review of Monetary Policy 2013-14, as part of RBI's monetary tightening to manage inflation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-468/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8716&Mode=0"
  },
  {
   "question": "Why was the Bank Rate increased?",
   "answer": "The Bank Rate was raised by 25 bps to 9.00% following the repo rate hike announced in the Third Quarter Review of Monetary Policy 2013-14 on January 28, 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-475/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8723&Mode=0"
  },
  {
   "question": "Why was the cassette swap deadline extended?",
   "answer": "RBI received representations from the Indian Banks' Association on behalf of various banks expressing difficulties in meeting the original March 31, 2021 timeline.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-71/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12130&Mode=0"
  },
  {
   "question": "Why was the closure date changed from April 10 to April 12?",
   "answer": "April 10, 2021, was a second Saturday and April 11 a Sunday, both holidays. The Government of India decided to extend the closure to April 12 to account for these non-working days.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-18/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12072&Mode=0"
  },
  {
   "question": "Why was the CVA risk capital charge deferred?",
   "answer": "The deferral is due to delays in implementing mandatory inter-bank forex forward guaranteed settlement through CCIL, which was expected to be ready by January 2014.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-424/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8662&Mode=0"
  },
  {
   "question": "Why was the deadline extended only for co-operative banks?",
   "answer": "RBI cited difficulties faced by these banks in finalizing financial statements due to the COVID-19 pandemic. The government issued a specific exemption for urban co-ops, and RBI used its powers for state and central co-ops.",
   "page": "https://bankpulse.ai/c/rbi-2020-2021-55/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11983&Mode=0"
  },
  {
   "question": "Why was the deadline extended?",
   "answer": "Participants requested more time due to technical difficulties in implementing ISO 20022 messaging by the original March 31, 2014 deadline.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-546/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8813&Mode=0"
  },
  {
   "question": "Why was the IFR requirement amended?",
   "answer": "RBI cited operational constraints faced by banks in maintaining IFR under the previous instructions, prompting the need for a simpler, annual assessment based on book value.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-88/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13455&Mode=0"
  },
  {
   "question": "Why was the penalty imposed?",
   "answer": "For non-compliance with RBI directions on loans to directors and their relatives",
   "page": "https://bankpulse.ai/c/rbi-doc-62939/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=62939"
  },
  {
   "question": "Why was the pre-PLP meeting moved to June?",
   "answer": "NABARD requested the change because PLPs are now finalized by August each year, so an earlier meeting in June allows better preparation.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-520/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8772&Mode=0"
  },
  {
   "question": "Why was the repo rate reduced?",
   "answer": "The Monetary Policy Committee decided to cut the repo rate by 50 bps as part of its bi-monthly monetary policy statement to support economic conditions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-43/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12855&Mode=0"
  },
  {
   "question": "Why was the Rupee value revised from Rs. 92.985396 to Rs. 90.052266?",
   "answer": "The revision reflects changes in the underlying currency composition or exchange rates as of August 30, 2013, though the circular does not specify the exact reasons for the adjustment.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-275/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8439&Mode=0"
  },
  {
   "question": "Why was this circular withdrawn?",
   "answer": "The withdrawal is part of the Regulations Review Authority (RRA 2.0) interim recommendations aimed at streamlining and reducing regulatory burden by removing outdated or redundant circulars.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-40/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12306&Mode=0"
  },
  {
   "question": "Why was this notification issued?",
   "answer": "To formally record the name change in the Second Schedule to the RBI Act, making it official for all regulatory purposes.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-442/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8687&Mode=0"
  },
  {
   "question": "Why were 11 RRBs excluded simultaneously?",
   "answer": "They were the predecessor entities that merged to form the five new RRBs, so their exclusion formalizes the end of their separate legal existence.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-474/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8722&Mode=0"
  },
  {
   "question": "Why were 20 RRBs excluded?",
   "answer": "These banks were amalgamated into 8 new entities. Their names were removed from the Second Schedule to reflect the merger, as per the notification RPCD.CO.RRB.No.56/2013-14.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-505/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8757&Mode=0"
  },
  {
   "question": "Why were Andhra Bank and Corporation Bank removed from the Second Schedule?",
   "answer": "They ceased to carry on banking business from April 1, 2020, due to their merger into other banks, as per RBI's earlier notification.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-45/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11973&Mode=0"
  },
  {
   "question": "Why were paragraphs 130(2) and the note to paragraph 223 deleted?",
   "answer": "The RBI did not specify reasons, but deletions likely remove outdated or redundant provisions to streamline the capital adequacy framework.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-33/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13387&Mode=0"
  },
  {
   "question": "Why were the lead bank responsibilities for nine districts revoked?",
   "answer": "The Government of Rajasthan reorganised districts, merging nine erstwhile districts into 12 existing districts. Consequently, the lead bank responsibilities for those nine districts are no longer valid.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-25/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12834&Mode=0"
  },
  {
   "question": "Why were these banks removed from the Second Schedule?",
   "answer": "They were removed because they ceased to carry on banking business after being amalgamated into Punjab National Bank.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-46/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11974&Mode=0"
  },
  {
   "question": "Why were these RRBs excluded and included?",
   "answer": "The changes are part of the amalgamation of three erstwhile RRBs into Baroda UP Bank, as per RBI's notification. The exclusion removes the old entities, and inclusion recognizes the new merged bank.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-133/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12202&Mode=0"
  },
  {
   "question": "Why were these RRBs included or excluded from the Second Schedule?",
   "answer": "The changes are due to amalgamations of RRBs as per government notifications under the Regional Rural Banks Act, 1976. The new RRBs replace the old ones, so RBI updates the Second Schedule to reflect the current legal entities.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-57/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11985&Mode=0"
  },
  {
   "question": "Will all FCNR(B)/NRE deposits lose CRR/SLR exemption from March 8, 2014?",
   "answer": "No. Only incremental deposits (base date July 26, 2013) with maturity of three years and above that are outstanding as on March 7, 2014 will retain the exemption until their maturity or premature withdrawal. New deposits after that date will not qualify.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-478/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8726&Mode=0"
  },
  {
   "question": "Will all LTDs automatically count as Tier II capital?",
   "answer": "No, only LTDs that meet the terms and conditions outlined in the July 15, 2008 circular will be eligible for treatment as lower Tier II capital. Banks must ensure full compliance.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-530/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8784&Mode=0"
  },
  {
   "question": "Will bilaterally negotiated trades between a PM and its GAH also get CCIL settlement?",
   "answer": "Yes, such trades that are bilaterally negotiated and reported to NDS-OM can optionally avail clearing and settlement through CCIL.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-115/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12782&Mode=0"
  },
  {
   "question": "Will borrowers of a cancelled NBFC still have their repayment history updated?",
   "answer": "Yes, the cancelled entity must continue reporting to CICs until the loan is fully repaid or the entity is wound up, so borrower repayment history will be updated.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12739&Mode=0"
  },
  {
   "question": "Will client INR FRA/IRS reporting to RBI continue?",
   "answer": "No, the existing reporting arrangement for client INR FRA/IRS to RBI will be dispensed with after the CCIL reporting arrangement stabilizes. Until then, banks must continue both reporting streams.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-400/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8619&Mode=0"
  },
  {
   "question": "Will credit insurance be treated as a credit risk mitigant for prudential benefits?",
   "answer": "As of now, credit insurance is not to be treated as a Credit Risk Mitigant (CRM) for any prudential benefits.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12510&Mode=0"
  },
  {
   "question": "Will e-Kuber process non-government transactions on March 30, 2025?",
   "answer": "No. The circular specifies that e-Kuber will be open only for government transactions on that day. Other transactions will not be processed.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-103/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12763&Mode=0"
  },
  {
   "question": "Will existing loans be affected by the revised Directions?",
   "answer": "Loans sanctioned prior to the adoption of the Directions shall continue to be governed by the extant guidelines applicable before the issuance of these Directions.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-47/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12859&Mode=0"
  },
  {
   "question": "Will existing ODI reporting procedures change?",
   "answer": "No, the circular states that all other provisions under the notification remain unchanged, so existing ODI reporting procedures apply.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-38/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12092&Mode=0"
  },
  {
   "question": "Will existing PSL loans be affected?",
   "answer": "No, all loans eligible under the old Directions continue to be classified as PSL until their maturity.",
   "page": "https://bankpulse.ai/c/rbi-fidd-2024-25-128/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12799&Mode=0"
  },
  {
   "question": "Will FEDAI continue to publish the reference rates?",
   "answer": "Yes, FEDAI will publish the Overnight Alternative Reference Rate for each currency until a widely accepted benchmark is established, to address information asymmetry during the transition.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-123/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12191&Mode=0"
  },
  {
   "question": "Will loans disbursed before September 30, 2021 lose PSL status after the extension?",
   "answer": "No, loans already disbursed under this facility will continue to be classified as PSL until their repayment or maturity, whichever is earlier.",
   "page": "https://bankpulse.ai/c/rbi-2021-22-110/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12177&Mode=0"
  },
  {
   "question": "Will NEFT and RTGS be available on March 31, 2021?",
   "answer": "Yes, NEFT and RTGS will continue to operate until 2400 hours on March 31, 2021 as usual.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-112/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12045&Mode=0"
  },
  {
   "question": "Will NEFT and RTGS be available on March 31, 2022, for government transactions?",
   "answer": "Yes, NEFT and RTGS systems will continue to operate till 2400 hours on March 31, 2022, for government transactions.",
   "page": "https://bankpulse.ai/c/rbi-2021-2022-186/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12259&Mode=0"
  },
  {
   "question": "Will RBI issue separate circulars for future UAPA amendments?",
   "answer": "No. The circular explicitly states that REs 'shall also take note of any future amendments to Schedule I and IV of the UAPA, 1967, for immediate necessary compliance.' You are expected to monitor MHA gazette notifications independently and apply them without waiting for a separate RBI directive.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-183/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12459&Mode=0"
  },
  {
   "question": "Will RBI provide further guidance on this circular?",
   "answer": "Yes, RBI stated that a set of FAQs will be uploaded on its website shortly to clarify implementation issues.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-102/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12585&Mode=0"
  },
  {
   "question": "Will the existing NPA classification rules change?",
   "answer": "No, the existing norms for classifying assets as non-performing assets (NPAs) are retained. The new staging framework for ECL is in addition to these rules.",
   "page": "https://bankpulse.ai/c/rbi-dor-2026-27-398/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13400&Mode=0"
  },
  {
   "question": "Will the Lead Bank assignment affect existing banking operations?",
   "answer": "Yes, banks will need to update their records and assign new responsibilities to Punjab National Bank.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-220/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13304&Mode=0"
  },
  {
   "question": "Will the old system be discontinued immediately?",
   "answer": "No. Both systems will run in parallel for some time. RBI will issue a separate circular when the old system is to be discontinued.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-507/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8759&Mode=0"
  },
  {
   "question": "Will the repeal affect existing approvals or acknowledgments?",
   "answer": "No, existing approvals or acknowledgments will be deemed governed by the repealed Directions, 2025, not the new Directions, 2026",
   "page": "https://bankpulse.ai/c/rbi-dor-2025-26-236/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13323&Mode=0"
  },
  {
   "question": "Will the repeal of Directions 2018 affect any existing approvals or acknowledgments?",
   "answer": "No, all approvals or acknowledgments granted under the repealed Directions will be deemed as governed by the new Directions.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-76/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=13427&Mode=0"
  },
  {
   "question": "Will the reverse repo rate change automatically?",
   "answer": "Yes, the reverse repo rate adjusts automatically to 6.50% following the repo rate hike, as per LAF rules.",
   "page": "https://bankpulse.ai/c/rbi-2013-2014-278/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8440&Mode=0"
  },
  {
   "question": "Will the risk weights for existing ratings change?",
   "answer": "No, the rating-risk weight mapping for long-term and short-term ratings assigned by CRISIL Ratings Limited remains the same as was used for CRISIL Limited. There is no change in rating symbols or risk weights.",
   "page": "https://bankpulse.ai/c/rbi-2020-21-86/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12016&Mode=0"
  },
  {
   "question": "Will the Simplified Standardised Approach for market risk be implemented immediately?",
   "answer": "No, the final guidelines on the Simplified Standardised Approach will be issued later. For now, banks must use intermediate scalers for market risk capital requirements.",
   "page": "https://bankpulse.ai/c/rbi-2023-24-128/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12615&Mode=0"
  },
  {
   "question": "Will there be any regular CTS sessions on October 3?",
   "answer": "No. After the return session for October 1 presentations closes at 10 AM, no regular clearing sessions will run on October 3. Only special clearing sessions will be operational.",
   "page": "https://bankpulse.ai/c/rbi-2025-26-81/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12900&Mode=0"
  },
  {
   "question": "Will this affect current audit practices?",
   "answer": "No, the withdrawn circulars were outdated. Current practices should already align with more recent RBI master directions and circulars.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-37/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12687&Mode=0"
  },
  {
   "question": "Will this affect the mandatory SMS alerts for card transactions?",
   "answer": "No, the mandate for online alerts on all card transactions remains unchanged; only the charging method shifts to actual usage.",
   "page": "https://bankpulse.ai/c/rbi-2013-14-381/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=8594&Mode=0"
  },
  {
   "question": "Will this change affect NRO accounts?",
   "answer": "No, any transfer from NRO accounts to NRE accounts will not qualify for the exemption.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-139/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13510&Mode=0"
  },
  {
   "question": "Will this facility be available at all entry points in the future?",
   "answer": "Yes, RBI plans to enable this facility across all entry points in the country going forward.",
   "page": "https://bankpulse.ai/c/rbi-2022-23-176/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12452&Mode=0"
  },
  {
   "question": "Will this facility be available for all types of RTGS/NEFT transactions?",
   "answer": "Yes, the name look-up will be available for both registered and one-time beneficiaries through internet banking, mobile banking, and branch visits.",
   "page": "https://bankpulse.ai/c/rbi-2024-25-99/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12759&Mode=0"
  },
  {
   "question": "Will this relaxation apply to all types of deposits?",
   "answer": "No, this relaxation only applies to fresh FCNR(B) deposits of 3-5 year tenors and NRE deposits of 3 year and above tenors.",
   "page": "https://bankpulse.ai/c/rbi-2026-27-143/",
   "reviewed_by": "Vikram Jain",
   "official_source": "https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13514&Mode=0"
  }
 ]
}