No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2024-25/51 · issued 12 Jul 2024 · ~1 min read
Quick answerRBI has withdrawn 17 circulars on supervisory ratings, risk profiles, and inspections, effective July 12, 2024. Banks must stop referencing these obsolete instructions and align with current supervisory frameworks.
The rule, in the simplest words
RBI (Reserve Bank of India) took away 17 old rules on July 12, 2024.
These old rules were about how banks are rated (supervisory ratings), risk checklists (risk profiles), and bank inspections.
Banks must stop using these old rules and only follow the new ones from RBI.
Banks should throw away old papers and update their training and manuals to match current rules.
How it plays out — a real example
A branch operations officer in Indore was updating her compliance checklist. She saw a note about an old circular on risk profiles from 2018. She remembered the RBI withdrawal and removed that note, replacing it with the latest RBI guidelines. This kept her bank's paperwork clean and correct.
What changed
RBI conducted an internal review and decided to withdraw 17 circulars effective from close of business on July 12, 2024. The withdrawn circulars cover supervisory rating of banks, risk profile templates, risk-based supervision follow-up, inspection procedures, and specimen signature requirements.
What it means for you
Banks can now discard outdated guidelines on supervisory ratings and risk profile templates, simplifying compliance. This cleanup reduces regulatory clutter and ensures banks focus on current RBI directives. Lenders should update their internal manuals and training materials accordingly.
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
Remove all references to the 17 withdrawn circulars from your compliance checklists and internal policies.
Update your supervisory rating and risk profile documentation to align with current RBI guidelines.
Inform relevant departments (compliance, risk, inspection) about the withdrawal to avoid using obsolete instructions.
Review any ongoing processes that relied on these circulars and replace them with current frameworks.
Who it affects
All scheduled commercial banks, All foreign banks operating in India, Compliance and risk management teams, Internal audit and inspection departments
❓ Common questions
Regulatory timeline
Stated effective dateeffective July 12, 2024
Decoded by BankPulse2026-06-18 03:06 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
Which circulars have been withdrawn?
A total of 17 circulars were withdrawn, including those on supervisory rating of banks (e.g., from 1999, 2002, 2003, 2007), risk profile templates (2002-2006), risk-based supervision follow-up (2004), inspection procedures (2005), and annual financial inspection (2012).
When did the withdrawal take effect?
The withdrawal became effective from the close of business on July 12, 2024, the date of the notification.
Do we need to take any immediate action?
Yes, ensure your bank stops using these circulars for any supervisory or compliance purposes. Update internal documents and training to reflect current RBI guidelines.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #9: DoS.CO.PPG/SEC.4/11.01.005/2024-25 — "Withdrawal of Circulars - Internal Review" dated July 12, 2024”
📜 Read the original circular — full text as issued by RBI
RBI/2024-25/51
DoS.CO.PPG/SEC.4/11.01.005/2024-25
July 12, 2024
All Scheduled Commercial Banks
All Foreign Banks
Madam / Dear Sir,
Withdrawal of Circulars – Internal Review
An internal review of circulars has been carried out to remove obsolete instructions and to rationalize and simplify the existing guidelines.
2. In this context, it has been decided to withdraw the circulars listed in the Annex with effect from close of business today.
Yours faithfully,
(Tarun Singh)
Chief General Manager
Encl: As above
Annex
List of Circulars withdrawn
S. No.
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2024-25/51 · issued 12 Jul 2024. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
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=12701&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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