{"what_this_is":"The machine-readable twin of the BankPulse page for one RBI rulebook. Same points, same dates, same paragraph references as the page a person reads. RBI's own wording is not reproduced here: each point names the RBI paragraph, the character offset into the text BankPulse read and the sha256 of that text, so the claim can be checked against RBI's own document.","schema_version":1,"release_id":"d653cdb0a5","generated_at":"2026-09-15T00:33:59.117975+00:00","id":"md12930","title":"Reserve Bank of India (Asset Reconstruction Companies) Directions, 2025 (Updated as on March 10, 2026)","document_kind":"Directions","page":"https://bankpulse.ai/rule/md12930","status":"In force","importance":{"code":"MR","label":"MUST READ","weight":"Must read","why":"Binding RBI Directions naming this institution class in the title","layer":"bankpulse_inference"},"applies_to":{"shown":"Asset reconstruction companies","class_code":"ARC","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md12930","mode":"four_dates_v1","published":{"label":"Published","value":"Nov 28, 2025","stated":true,"why":"The day RBI put this document out."},"effective":{"label":"Starts to apply","value":"","stated":false,"why":"Not stated separately in this document. Read the rule itself before you assume a start date."},"transition":{"label":"Time to get ready","value":"","stated":false,"why":"Cannot be worked out until the day it starts to apply is known."},"deadline":{"label":"Last date to act","value":"","stated":false,"why":"No date to act by was found in this document. Other dates may sit inside single paragraphs."},"sources":{"published":"doc_date in data/highlights/md12930.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12930","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:21:52 UTC","text_sha256":"6ea0d4c1633c26af9a78a18005af60b468d01070786c5132473214002833bdc9","word_count":16030,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":65,"points_naming_an_rbi_paragraph":65,"points_stored":65,"actions":0,"amendments":1},"points":[{"n":1,"claim":"md12930-0e23a743","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Rules start on posting","plain_english":"The rules take effect the day RBI posts them on its website.","rbi_paragraph":"Para 2","rbi_char_offset":3149,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p1","layer":"bankpulse"},{"n":2,"claim":"md12930-15448cfa","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who must follow this","plain_english":"Every Asset Reconstruction Company registered with RBI must follow these rules.","rbi_paragraph":"Para 3","rbi_char_offset":3272,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p2","layer":"bankpulse"},{"n":3,"claim":"md12930-a3006097","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Name of the rules","plain_english":"The rules are called the Reserve Bank of India Asset Reconstruction Companies Directions, 2025.","rbi_paragraph":"Para 1","rbi_char_offset":3036,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p3","layer":"bankpulse"},{"n":1,"claim":"md12930-31ba41c0","page_group":"Chapter II. Role of Board of Directors, Registration and Related Matters","stored_section":"KEY DATES","heading":"Six months to start","plain_english":"An ARC must start business within six months of getting its certificate of registration.","rbi_paragraph":"Para 11","rbi_char_offset":12739,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p4","layer":"bankpulse"},{"n":2,"claim":"md12930-0518cabe","page_group":"Chapter II. Role of Board of Directors, Registration and Related Matters","stored_section":"THE CORE IDEA","heading":"₹300 crore to start","plain_english":"An ARC needs at least ₹300 crore in net owned funds to start business.","rbi_paragraph":"Para 14","rbi_char_offset":13685,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p5","layer":"bankpulse"},{"n":3,"claim":"md12930-a322be8a","page_group":"Chapter II. Role of Board of Directors, Registration and Related Matters","stored_section":"KEY DATES","heading":"Existing ARCs' 2026 deadline","plain_english":"An ARC registered before October 11, 2022 had to reach ₹300 crore net owned funds by March 31, 2026.","rbi_paragraph":"Para 15","rbi_char_offset":13792,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p6","layer":"bankpulse"},{"n":4,"claim":"md12930-68be8097","page_group":"Chapter II. Role of Board of Directors, Registration and Related Matters","stored_section":"IMPACT","heading":"No fresh business till compliant","plain_english":"Missing the net owned fund level can bar an ARC from fresh business until it complies.","rbi_paragraph":"Para 16","rbi_char_offset":13958,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p7","layer":"bankpulse"},{"n":5,"claim":"md12930-0fcdefec","page_group":"Chapter II. Role of Board of Directors, Registration and Related Matters","stored_section":"THE CORE IDEA","heading":"₹1,000 crore for IBC role","plain_english":"Acting as a Resolution Applicant under the insolvency code needs ₹1,000 crore net owned funds.","rbi_paragraph":"Para 18(1)","rbi_char_offset":14613,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p8","layer":"bankpulse"},{"n":6,"claim":"md12930-7aaf9fd2","page_group":"Chapter II. Role of Board of Directors, Registration and Related Matters","stored_section":"THE CORE IDEA","heading":"Five-year influence limit","plain_english":"An ARC gives up significant influence over a resolved company five years after the resolution plan is approved.","rbi_paragraph":"Para 18(5)","rbi_char_offset":15326,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p9","layer":"bankpulse"},{"n":7,"claim":"md12930-d25f5de9","page_group":"Chapter II. Role of Board of Directors, Registration and Related Matters","stored_section":"THE CORE IDEA","heading":"Short-term instrument cap","plain_english":"Surplus funds in short-term instruments may not exceed 10 per cent of the ARC's net owned funds.","rbi_paragraph":"Para 21(2)","rbi_char_offset":16645,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p10","layer":"bankpulse"},{"n":8,"claim":"md12930-0dacceca","page_group":"Chapter II. Role of Board of Directors, Registration and Related Matters","stored_section":"THE CORE IDEA","heading":"Ten per cent own-use cap","plain_english":"Land or buildings for the ARC's own use may not exceed 10 per cent of owned funds.","rbi_paragraph":"Para 22(1)","rbi_char_offset":16839,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p11","layer":"bankpulse"},{"n":9,"claim":"md12930-35ee5f05","page_group":"Chapter II. Role of Board of Directors, Registration and Related Matters","stored_section":"THE CORE IDEA","heading":"Five years to dispose","plain_english":"Land taken over while enforcing security is sold within five years, unless RBI extends that.","rbi_paragraph":"Para 22(2)","rbi_char_offset":17261,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p12","layer":"bankpulse"},{"n":10,"claim":"md12930-ecb6fcd2","page_group":"Chapter II. Role of Board of Directors, Registration and Related Matters","stored_section":"THE CORE IDEA","heading":"Deposits are not allowed","plain_english":"An ARC may not raise money by taking deposits.","rbi_paragraph":"Para 23","rbi_char_offset":17469,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p13","layer":"bankpulse"},{"n":11,"claim":"md12930-5c6c562e","page_group":"Chapter II. Role of Board of Directors, Registration and Related Matters","stored_section":"KEY DATES","heading":"Extension up to twelve months","plain_english":"RBI can extend that start deadline to twelve months from the certificate date.","rbi_paragraph":"Para 11","rbi_char_offset":12839,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p14","layer":"bankpulse"},{"n":1,"claim":"md12930-2e6effc5","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"60% consent to acquire","plain_english":"Acquiring a share of assets needs consent from creditors holding at least 60 per cent of the amount owed.","rbi_paragraph":"Para 28","rbi_char_offset":19170,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p15","layer":"bankpulse"},{"n":2,"claim":"md12930-b88acfef","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"Eight-year cap resold SRs","plain_english":"Selling an asset on to another ARC still ends at eight years from the first ARC's own acquisition.","rbi_paragraph":"Para 33(4)","rbi_char_offset":21084,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p16","layer":"bankpulse"},{"n":3,"claim":"md12930-81dcc880","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"Five years to realise","plain_english":"An asset's realisation plan runs for five years from the date it was acquired.","rbi_paragraph":"Para 36","rbi_char_offset":22541,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p17","layer":"bankpulse"},{"n":4,"claim":"md12930-0826886c","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"Extendable to eight years","plain_english":"The Board can extend that so the total period never exceeds eight years.","rbi_paragraph":"Para 36","rbi_char_offset":22762,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"RBI gives a realisation plan five years. The Board can extend it, and RBI's own words stop that extension at eight years total, so the ARC gets three more years to work with.","anchor":"https://bankpulse.ai/rule/md12930#p18","layer":"bankpulse"},{"n":5,"claim":"md12930-605d923c","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"25% of the borrower's assets","plain_english":"Takeover needs the amount owed to be at least 25 per cent of the borrower's total assets.","rbi_paragraph":"Para 45(1)","rbi_char_offset":28504,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p19","layer":"bankpulse"},{"n":6,"claim":"md12930-5468a0d2","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"60% of SR holders agree","plain_english":"Where several lenders are involved, holders of at least 60 per cent of the SRs must agree to a takeover.","rbi_paragraph":"Para 45(2)","rbi_char_offset":28801,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p20","layer":"bankpulse"},{"n":7,"claim":"md12930-dbbbc511","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"60% for enforcement too","plain_english":"Enforcing security interest also needs consent from creditors holding at least 60 per cent of the amount owed.","rbi_paragraph":"Para 58","rbi_char_offset":34121,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p21","layer":"bankpulse"},{"n":8,"claim":"md12930-2a4859bd","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"₹1 crore triggers committee route","plain_english":"Settling dues above ₹1 crore per borrower goes through the Independent Advisory Committee route.","rbi_paragraph":"Para 64","rbi_char_offset":35925,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p22","layer":"bankpulse"},{"n":9,"claim":"md12930-102e43c5","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"26% equity shareholding cap","plain_english":"Converting debt to equity may not take the ARC's shareholding past 26 per cent of the post-conversion equity.","rbi_paragraph":"Para 70","rbi_char_offset":40776,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p23","layer":"bankpulse"},{"n":10,"claim":"md12930-730df88d","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"Half the Board, independent","plain_english":"Going past that shareholding limit needs at least half the ARC's Board to be independent directors.","rbi_paragraph":"Para 71(2)","rbi_char_offset":41607,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p24","layer":"bankpulse"},{"n":11,"claim":"md12930-10a59b1e","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"Invest 15% or 2.5%","plain_english":"The ARC invests at least 15 per cent, or 2.5 per cent of all SRs, whichever is higher.","rbi_paragraph":"Para 81","rbi_char_offset":43619,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p25","layer":"bankpulse"},{"n":12,"claim":"md12930-eba958f3","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"Rated for six cycles","plain_english":"An ARC keeps the same credit rating agency for at least six half-yearly rating cycles.","rbi_paragraph":"Para 88","rbi_char_offset":46183,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p26","layer":"bankpulse"},{"n":13,"claim":"md12930-be33302e","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"₹500 crore floats a fund","plain_english":"An ARC needs acquired assets over ₹500 crore to float a restructuring fund under a scheme.","rbi_paragraph":"Para 91(1)","rbi_char_offset":47507,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p27","layer":"bankpulse"},{"n":14,"claim":"md12930-21b89455","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"25% ceiling for restructuring","plain_english":"Funds used for restructuring under that scheme may not exceed 25 per cent of the funds raised.","rbi_paragraph":"Para 91(2)","rbi_char_offset":47765,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p28","layer":"bankpulse"},{"n":15,"claim":"md12930-97055ece","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"KEY DATES","heading":"Ninety days for the policy","plain_english":"An ARC must frame its financial asset acquisition policy within 90 days of registration.","rbi_paragraph":"Para 24","rbi_char_offset":17648,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p29","layer":"bankpulse"},{"n":16,"claim":"md12930-1847e5f1","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"Two weeks' due diligence","plain_english":"Before bidding for stressed assets, an ARC may ask for at least two weeks to do due diligence.","rbi_paragraph":"Para 27","rbi_char_offset":18809,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p30","layer":"bankpulse"},{"n":17,"claim":"md12930-409aae9d","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"KEY DATES","heading":"Sixty days' notice first","plain_english":"An ARC gives the borrower 60 days' notice before taking over management.","rbi_paragraph":"Para 48","rbi_char_offset":32108,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p31","layer":"bankpulse"},{"n":18,"claim":"md12930-5e028806","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"KEY DATES","heading":"Board decides in 30 days","plain_english":"The Board rules on the takeover within 30 days of the notice period ending.","rbi_paragraph":"Para 50","rbi_char_offset":32521,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p32","layer":"bankpulse"},{"n":19,"claim":"md12930-d56b994b","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"THE CORE IDEA","heading":"Valued once a month","plain_english":"Equity received this way is valued and marked to market at least once a month.","rbi_paragraph":"Para 71(4)","rbi_char_offset":41955,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p33","layer":"bankpulse"},{"n":20,"claim":"md12930-3d7642a2","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"KEY DATES","heading":"Rating within six months","plain_english":"An ARC gets its SRs rated by a SEBI-registered agency within six months of acquiring the assets.","rbi_paragraph":"Para 82","rbi_char_offset":43940,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p34","layer":"bankpulse"},{"n":21,"claim":"md12930-fe73d60c","page_group":"Chapter III. Guidelines on Asset Reconstruction and Securitisation","stored_section":"KEY DATES","heading":"Rating reviewed twice a year","plain_english":"That rating is reviewed every June 30 and December 31.","rbi_paragraph":"Para 83","rbi_char_offset":44179,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p35","layer":"bankpulse"},{"n":1,"claim":"md12930-033d2974","page_group":"Chapter IV. Prudential Regulations","stored_section":"THE CORE IDEA","heading":"15% capital adequacy ratio","plain_english":"An ARC's capital adequacy ratio must stay at a minimum of 15 per cent of risk weighted assets.","rbi_paragraph":"Para 93","rbi_char_offset":51584,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p36","layer":"bankpulse"},{"n":2,"claim":"md12930-1bce8a33","page_group":"Chapter IV. Prudential Regulations","stored_section":"THE CORE IDEA","heading":"Sub-standard at 12 months","plain_english":"An NPA is a sub-standard asset for up to 12 months after classification.","rbi_paragraph":"Para 97(1)","rbi_char_offset":52709,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p37","layer":"bankpulse"},{"n":3,"claim":"md12930-837b41c8","page_group":"Chapter IV. Prudential Regulations","stored_section":"THE CORE IDEA","heading":"Doubtful past 12 months","plain_english":"Past 12 months as sub-standard, the asset becomes doubtful.","rbi_paragraph":"Para 97(2)","rbi_char_offset":52811,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p38","layer":"bankpulse"},{"n":4,"claim":"md12930-2a018303","page_group":"Chapter IV. Prudential Regulations","stored_section":"THE CORE IDEA","heading":"Loss asset past 36 months","plain_english":"An asset non-performing for more than 36 months is a loss asset.","rbi_paragraph":"Para 97(3)","rbi_char_offset":52929,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p39","layer":"bankpulse"},{"n":5,"claim":"md12930-5c13ebc8","page_group":"Chapter IV. Prudential Regulations","stored_section":"THE CORE IDEA","heading":"10% sub-standard provision","plain_english":"A sub-standard asset carries a general provision of 10 per cent of the outstanding amount.","rbi_paragraph":"Para 100","rbi_char_offset":54307,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p40","layer":"bankpulse"},{"n":6,"claim":"md12930-876e0f2d","page_group":"Chapter IV. Prudential Regulations","stored_section":"THE CORE IDEA","heading":"Full provision, uncovered doubtful","plain_english":"The uncovered part of a doubtful asset needs a 100 per cent provision.","rbi_paragraph":"Para 100","rbi_char_offset":54387,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p41","layer":"bankpulse"},{"n":1,"claim":"md12930-2c4f41a4","page_group":"Chapter V. Governance and Conduct","stored_section":"THE CORE IDEA","heading":"Retirement age of seventy","plain_english":"An MD, CEO or whole-time director may not continue past the age of 70.","rbi_paragraph":"Para 108","rbi_char_offset":56693,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p42","layer":"bankpulse"},{"n":2,"claim":"md12930-b50b9f50","page_group":"Chapter V. Governance and Conduct","stored_section":"THE CORE IDEA","heading":"Five-year tenure at a time","plain_english":"An MD, CEO or whole-time director's tenure runs no more than five years at a time.","rbi_paragraph":"Para 110","rbi_char_offset":56948,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p43","layer":"bankpulse"},{"n":3,"claim":"md12930-5d5b52b3","page_group":"Chapter V. Governance and Conduct","stored_section":"THE CORE IDEA","heading":"Fifteen years continuously","plain_english":"The same person may not hold that post continuously for more than fifteen years.","rbi_paragraph":"Para 110","rbi_char_offset":57110,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p44","layer":"bankpulse"},{"n":4,"claim":"md12930-07ec7b15","page_group":"Chapter V. Governance and Conduct","stored_section":"THE CORE IDEA","heading":"Three-year cooling gap","plain_english":"Re-appointment after that needs a gap of at least three years first.","rbi_paragraph":"Para 110","rbi_char_offset":57403,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p45","layer":"bankpulse"},{"n":5,"claim":"md12930-edfe708b","page_group":"Chapter V. Governance and Conduct","stored_section":"THE CORE IDEA","heading":"Board quorum, one-third","plain_english":"The Board's quorum is one-third of its total strength, or three directors, whichever is higher.","rbi_paragraph":"Para 112","rbi_char_offset":57961,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p46","layer":"bankpulse"},{"n":6,"claim":"md12930-dc707043","page_group":"Chapter V. Governance and Conduct","stored_section":"THE CORE IDEA","heading":"Half must be independent","plain_english":"At least half of the directors attending a Board meeting must be independent directors.","rbi_paragraph":"Para 112","rbi_char_offset":58104,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p47","layer":"bankpulse"},{"n":7,"claim":"md12930-f822af58","page_group":"Chapter V. Governance and Conduct","stored_section":"THE CORE IDEA","heading":"Audit Committee meets quarterly","plain_english":"The Audit Committee meets at least once a quarter, with a quorum of three members.","rbi_paragraph":"Para 115(3)","rbi_char_offset":58708,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p48","layer":"bankpulse"},{"n":8,"claim":"md12930-9cbc9b28","page_group":"Chapter V. Governance and Conduct","stored_section":"THE CORE IDEA","heading":"10% share transfer needs approval","plain_english":"Transferring 10 per cent or more of paid-up capital within five years of registration needs RBI's approval.","rbi_paragraph":"Para 123(3)","rbi_char_offset":62652,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p49","layer":"bankpulse"},{"n":9,"claim":"md12930-7d1539bc","page_group":"Chapter V. Governance and Conduct","stored_section":"THE CORE IDEA","heading":"20% voting power limit","plain_english":"Fresh investors from FATF non-compliant jurisdictions stay under 20 per cent of the ARC's voting power.","rbi_paragraph":"Para 126","rbi_char_offset":64032,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p50","layer":"bankpulse"},{"n":10,"claim":"md12930-5c09d807","page_group":"Chapter V. Governance and Conduct","stored_section":"WHO SHOULD ACT","heading":"Calls only within set hours","plain_english":"Recovery calls to a borrower may not run before 8 a.m. or after 7 p.m.","rbi_paragraph":"Para 129(7)","rbi_char_offset":70797,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p51","layer":"bankpulse"},{"n":11,"claim":"md12930-fe41bf8a","page_group":"Chapter V. Governance and Conduct","stored_section":"KEY DATES","heading":"Thirty days to release documents","plain_english":"The ARC returns the borrower's original property documents within 30 days of full repayment.","rbi_paragraph":"Para 131(1)","rbi_char_offset":72120,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p52","layer":"bankpulse"},{"n":12,"claim":"md12930-bf400d11","page_group":"Chapter V. Governance and Conduct","stored_section":"KEY DATES","heading":"Compensation at ₹5,000 a day","plain_english":"A delay caused by the ARC costs it ₹5,000 for every day of delay.","rbi_paragraph":"Para 131(2)","rbi_char_offset":73551,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p53","layer":"bankpulse"},{"n":13,"claim":"md12930-a5afa4b6","page_group":"Chapter V. Governance and Conduct","stored_section":"WHO SHOULD ACT","heading":"Sixty more days if lost","plain_english":"If documents are lost, the ARC gets another 30 days before the delay penalty starts, so 60 days in total.","rbi_paragraph":"Para 131(2)","rbi_char_offset":73999,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p54","layer":"bankpulse"},{"n":14,"claim":"md12930-ad2f39d0","page_group":"Chapter V. Governance and Conduct","stored_section":"KEY DATES","heading":"Ninety days before a vacancy","plain_english":"The ARC applies to RBI at least ninety days before a director or CEO vacancy arises.","rbi_paragraph":"Para 105","rbi_char_offset":55497,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p55","layer":"bankpulse"},{"n":15,"claim":"md12930-60ba0e0c","page_group":"Chapter V. Governance and Conduct","stored_section":"KEY DATES","heading":"Declared every March 31","plain_english":"Directors and the CEO update their fit-and-proper declaration every year, as on March 31.","rbi_paragraph":"Para 106","rbi_char_offset":55917,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p56","layer":"bankpulse"},{"n":16,"claim":"md12930-6a60352f","page_group":"Chapter V. Governance and Conduct","stored_section":"KEY DATES","heading":"One month for the declaration","plain_english":"Sponsors give a fresh declaration within one month of the financial year's end.","rbi_paragraph":"Para 121(1)","rbi_char_offset":61610,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p57","layer":"bankpulse"},{"n":17,"claim":"md12930-b179053c","page_group":"Chapter V. Governance and Conduct","stored_section":"KEY DATES","heading":"Certificate due by end-May","plain_english":"The ARC certifies any change in a sponsor's status to RBI by the end of May.","rbi_paragraph":"Para 121(2)","rbi_char_offset":61744,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p58","layer":"bankpulse"},{"n":1,"claim":"md12930-b32ed46e","page_group":"Chapter VI. Accounting and Disclosures","stored_section":"KEY DATES","heading":"180 days to realise fees","plain_english":"Management fees recognised during the planning period must be collected within 180 days of it ending.","rbi_paragraph":"Para 143","rbi_char_offset":87262,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p59","layer":"bankpulse"},{"n":2,"claim":"md12930-5bcd61ae","page_group":"Chapter VI. Accounting and Disclosures","stored_section":"THE CORE IDEA","heading":"NAV floor for fee reversal","plain_english":"An unrealised management fee is reversed if the SRs' NAV falls below 50 per cent of face value.","rbi_paragraph":"Para 143","rbi_char_offset":87580,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p60","layer":"bankpulse"},{"n":3,"claim":"md12930-5c44cd2e","page_group":"Chapter VI. Accounting and Disclosures","stored_section":"KEY DATES","heading":"One month after the AGM","plain_english":"The audited balance sheet reaches RBI's Department of Supervision within one month of the AGM.","rbi_paragraph":"Para 152","rbi_char_offset":93261,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p61","layer":"bankpulse"},{"n":4,"claim":"md12930-9e24b207","page_group":"Chapter VI. Accounting and Disclosures","stored_section":"WHO SHOULD ACT","heading":"Monthly display of possessions","plain_english":"The ARC updates and displays its list of possessed secured assets every month.","rbi_paragraph":"Para 154","rbi_char_offset":94041,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p62","layer":"bankpulse"},{"n":1,"claim":"md12930-52f7d55f","page_group":"Chapter VII. Miscellaneous Instructions","stored_section":"KEY DATES","heading":"One month, then IBA","plain_english":"If a professional gives no clarification within one month, the ARC reports them to IBA.","rbi_paragraph":"Para 166","rbi_char_offset":97627,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p63","layer":"bankpulse"},{"n":1,"claim":"md12930-00785c5a","page_group":"Chapter VIII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old rules stand repealed","plain_english":"These directions repeal the existing RBI directions, instructions and guidelines for ARCs.","rbi_paragraph":"Para 167","rbi_char_offset":97905,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p64","layer":"bankpulse"},{"n":2,"claim":"md12930-1079c38d","page_group":"Chapter VIII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Past actions stay governed","plain_english":"Anything already done under the old rules stays governed by them.","rbi_paragraph":"Para 168","rbi_char_offset":98283,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12930#p65","layer":"bankpulse"}],"actions":[],"amendments":[{"id":"nt13316","title":"Reserve Bank of India (Asset Reconstruction Companies) Amendment Directions, 2026","date":"Mar 10, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13316&Mode=0","order":1,"layer":"rbi_source"}],"layers":{"rbi_source":"Facts taken from RBI's own document.","bankpulse":"BankPulse's plain-English summary of RBI's document.","bankpulse_inference":"BankPulse's own inference, not stated by RBI."},"rbi_wording_not_included":"By design. BankPulse never republishes RBI's exact sentences. Use rbi_paragraph with rbi_source.url to read RBI's own words.","terms":"BankPulse's plain-English summaries are BankPulse's own work. The underlying regulation is the Reserve Bank of India's. Always check the RBI document named in rbi_source before acting."}