Not yet independently checked — please confirm with the official RBI source below
Source: Reserve Bank of India · official publication, rbi.org.in · ~1 min read
Quick answerRBI has consolidated supervisory instructions into 64 Directions and repealed 628 circulars, effective immediately. Existing actions under old circulars remain valid. Banks must align compliance to the new consolidated framework.
The rule, in the simplest words
RBI has put all its supervision rules into 64 big books called Directions.
628 old letters (circulars) are now cancelled because they are either inside the new books or not needed.
If you already did something under an old letter, it is still okay and follows the old rules.
You must now follow the new Directions instead of the old letters.
The new Directions cover rules from departments that were merged into the supervision department.
How it plays out — a real example
Ravi, the compliance head at a mid-sized private bank, receives the RBI notification. He immediately downloads the 64 Directions and compares them with his bank's circular tracker. He finds that 15 of the 628 repealed circulars were previously cited in his internal audit checklists. He updates the checklists to reference the new Directions and briefs his team, ensuring no audit findings cite obsolete circulars.
What changed
RBI's Department of Supervision released 64 Consolidated Directions covering all supervisory instructions, including those from merged departments. 628 circulars listed in the Annex are repealed with immediate effect, as their content is either consolidated or obsolete. Actions already taken under the old circulars remain governed by the previous provisions.
What it means for you
Banks now have a single, streamlined set of supervisory rules, reducing the burden of tracking multiple circulars. Compliance teams must update their internal manuals and monitoring systems to reference the new Directions. The repeal does not invalidate past actions, so historical compliance remains intact.
What you must do
Review the 64 Consolidated Directions and map them against your current compliance inventory.
Identify which of the 628 repealed circulars your bank relied on and replace them with the corresponding Direction.
Update internal compliance manuals, training materials, and audit checklists to cite the new Directions.
Ensure any ongoing supervisory actions or inspections reference the old circulars as per the savings clause.
Monitor RBI's website for the Annex list to confirm which circulars are repealed.
Who it affects
All commercial banks, Cooperative banks, NBFCs, Compliance and risk management teams, Internal auditors
❓ Common questions
What happens to actions taken under the repealed circulars?
They remain valid and are governed by the old provisions, as per the savings clause in the notification.
Where can I find the list of repealed circulars?
The list is in the Annex to the notification, available on RBI's website.
Are the new Directions effective immediately?
Yes, the repeal is with immediate effect, so you should align to the new Directions now.
Example: if you are a Compliance officer at a bank this circular applies to (All commercial banks, Cooperative banks, NBFCs, Compliance and risk management teams, Internal auditors), your first concrete step on “RBI Repeals 628 Supervisory Circulars” is: “Review the 64 Consolidated Directions and map them against your current compliance inventory.”.
Action required: Review the 64 Consolidated Directions and map them against your current compliance inventory.
Action required: Identify which of the 628 repealed circulars your bank relied on and replace them with the corresponding Direction.
Action required: Update internal compliance manuals, training materials, and audit checklists to cite the new Directions.
Action required: Ensure any ongoing supervisory actions or inspections reference the old circulars as per the savings clause.
Action required: Monitor RBI's website for the Annex list to confirm which circulars are repealed.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
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BankPulse Compliance Evidence Pack — generated 31 Jul 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=13663&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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