No withdrawal recordedAs of 06 Jul 2026. Current legal status has not been independently re-verified — always confirm against the official RBI source below.
Issued by RBI: 11 Jun 2021 · Decoded by BankPulse: 06 Jul 2026, 08:38 IST
Confidence 56/100AI-generated
Why this score?
Plain-English draft linked to the official RBI source +50
Consensus verdict: PASS +6
Capped at 95 — we never claim certainty. Always confirm against the official RBI source.
Quick answerRBI mandates Risk Based Internal Audit (RBIA) for all deposit-taking HFCs and non-deposit taking HFCs with asset size of ₹5,000 crore and above by June 30, 2022.
What changed
RBI extends RBIA to all deposit-taking HFCs
RBI extends RBIA to non-deposit taking HFCs with asset size of ₹5,000 crore and above
Deadline for implementing RBIA is June 30, 2022
What it means for you
Banks and lenders must ensure HFCs implement RBIA framework
RBIA will help HFCs identify and mitigate risks
Non-compliance may attract penalties
What you must do
Ensure HFCs implement RBIA framework by June 30, 2022
Monitor HFCs' compliance with RBIA
Take necessary actions in case of non-compliance
Who it affects
All deposit-taking HFCs, Non-deposit taking HFCs with asset size of ₹5,000 crore and above
What is the deadline for implementing RBIA?
June 30, 2022
Who is affected by this notification?
All deposit-taking HFCs and non-deposit taking HFCs with asset size of ₹5,000 crore and above
AI-drafted · 3-model AI consensus fact-check · under the editorial review of our expert review panel · decoded & published by BankPulse · 06 Jul 2026, 08:38 IST
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12112&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert review panel. Independent platform, not affiliated with the Reserve Bank of India; never reproduces RBI text verbatim.
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