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Master Circular: Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF)

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2012-13/95 · issued 02 Jul 2012 · ~2 min read
Quick answerRBI issued an updated Master Circular consolidating all prudential guidelines on capital adequacy and market discipline under the New Capital Adequacy Framework (NCAF), dated July 2, 2012. Basel III capital regulations are excluded and will apply from January 1, 2013.

What changed

The previous Master Circular dated July 1, 2011 has been updated to include all relevant instructions issued up to June 30, 2012. The new circular does not cover Basel III capital regulations announced on May 2, 2012, which will take effect from January 1, 2013 in a phased manner.

What it means for you

Banks must continue to comply with the existing NCAF guidelines for capital adequacy and market discipline as consolidated in this circular. For the financial year ending March 31, 2013, banks are required to disclose capital ratios computed under both the current framework and the upcoming Basel III framework.

Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.

What banks were required to do at the time

Who it affects

All Scheduled Commercial Banks (excluding Local Area Banks and Regional Rural Banks), Risk management and compliance departments, Finance and capital planning teams

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

Does this circular replace the Basel III guidelines?

No, this circular explicitly excludes Basel III capital regulations. Basel III will become effective from January 1, 2013 in a phased manner.

What disclosure requirements apply for FY 2012-13?

Banks must disclose capital ratios computed under both the existing NCAF framework and the Basel III Capital Adequacy Framework for the financial year ending March 31, 2013.

Where can I find the full updated Master Circular?

The circular has been placed on the RBI website at http://www.rbi.org.in. It consolidates instructions issued up to June 30, 2012.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1279: DBOD.No.BP.BC.16/21.06.001/2012-13 — "Master Circular - Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF”
📜 Read the original circular — full text as issued by RBI
RBI/2012-13/95 DBOD.No.BP.BC.16/21.06.001/2012-13 July 2, 2012 All Scheduled Commercial Banks  (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Master Circular - Prudential Guidelines on Capital Adequacy and Market Discipline - New Capital Adequacy Framework (NCAF) Please refer to the Master Circular No.DBOD.BP.BC.11/21.06.001/2011-12 dated July 1, 2011 , consolidating therein the guidelines issued to banks till that date. 2. The aforesaid Master Circular has been suitably updated by incorporating relevant instructions issued up to June 30, 2012 listed in Annex 17 and has been placed on the RBI Web-site ( http://www.rbi.org.in ). 3. The Master Circular does not cover the guidelines on Basel III capital regulations issued on May 2, 2012, which would become effective from January 1, 2013, in a phased manner. However, as stated in the circular, ibid, for the financial year ending March 31, 2013, banks will have to disclose the capital ratios computed under the above guidelines as well as those computed under the Basel III Capital Adequacy Framework. Yours faithfully, (Deepak Singhal) Chief General Manager-in-Charge Encl:  As above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2012-13/95 · issued 02 Jul 2012. The plain-English explanation above is BankPulse’s own independent summary.
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BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=7413&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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