{"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":"md12940","title":"Reserve Bank of India (Non-Banking Financial Companies – Climate Finance and Management of Climate Change Risks) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md12940","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":"Finance companies","class_code":"NBFC","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md12940","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/md12940.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12940","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:21:03 UTC","text_sha256":"efdc9535cb7950abf813562fa439fb42b48764a8dd991cdd6f65f0915c93b977","word_count":2569,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":26,"points_naming_an_rbi_paragraph":26,"points_stored":26,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md12940-a2a8948e","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Starts at once","plain_english":"The rules took effect the moment RBI issued them.","rbi_paragraph":"Para 2","rbi_char_offset":3829,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p1","layer":"bankpulse"},{"n":2,"claim":"md12940-a9a84ba7","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who must follow this","plain_english":"These rules cover deposit-taking NBFCs, defined precisely below.","rbi_paragraph":"Para 3","rbi_char_offset":3911,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p2","layer":"bankpulse"},{"n":3,"claim":"md12940-eae0283a","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"The two kinds of NBFC","plain_english":"Only deposit-taking NBFCs and deposit-taking housing finance companies are covered.","rbi_paragraph":"Para 3","rbi_char_offset":4078,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":["housing-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p3","layer":"bankpulse"},{"n":4,"claim":"md12940-672efbb2","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"What a green deposit is","plain_english":"A green deposit is money set aside just for green finance.","rbi_paragraph":"Para 4(2)","rbi_char_offset":4826,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p4","layer":"bankpulse"},{"n":5,"claim":"md12940-2b4ccc45","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"What greenwashing means","plain_english":"Greenwashing is marketing something as green when it is not.","rbi_paragraph":"Para 4(4)","rbi_char_offset":5363,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p5","layer":"bankpulse"},{"n":1,"claim":"md12940-41217d1f","page_group":"Chapter II. Role of the Board","stored_section":"THE CORE IDEA","heading":"Board approves the policy","plain_english":"The board must approve a full policy on green deposits before raising them.","rbi_paragraph":"Para 6","rbi_char_offset":5898,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p6","layer":"bankpulse"},{"n":1,"claim":"md12940-355a06ee","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHAT CHANGES","heading":"How deposits are issued","plain_english":"Green deposits may be issued as cumulative or non-cumulative deposits.","rbi_paragraph":"Para 9","rbi_char_offset":6935,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p7","layer":"bankpulse"},{"n":2,"claim":"md12940-2ee2611b","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHAT CHANGES","heading":"Renew or withdraw at maturity","plain_english":"On maturity a depositor may renew the deposit or withdraw it.","rbi_paragraph":"Para 9","rbi_char_offset":7011,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p8","layer":"bankpulse"},{"n":3,"claim":"md12940-221a1ebe","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHAT CHANGES","heading":"Rupees only, no foreign currency","plain_english":"Green deposits are held only in Indian rupees, never in a foreign currency.","rbi_paragraph":"Para 9","rbi_char_offset":7105,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p9","layer":"bankpulse"},{"n":4,"claim":"md12940-44c96955","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"THE CORE IDEA","heading":"What the framework must cover","plain_english":"The board-approved framework must cover how green deposits are allocated.","rbi_paragraph":"Para 10","rbi_char_offset":8156,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p10","layer":"bankpulse"},{"n":5,"claim":"md12940-9392259c","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHO SHOULD ACT","heading":"Unused funds parked safely","plain_english":"Money not yet allocated is parked safely until it is used.","rbi_paragraph":"Para 10(4)","rbi_char_offset":9367,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p11","layer":"bankpulse"},{"n":6,"claim":"md12940-105cf502","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHAT CHANGES","heading":"Proceeds follow the green taxonomy","plain_english":"Money raised from green deposits must go toward projects on RBI's own green list.","rbi_paragraph":"Para 13","rbi_char_offset":9983,"weight":"MUST KNOW","role":"Credit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p12","layer":"bankpulse"},{"n":7,"claim":"md12940-165090c6","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"IMPACT","heading":"Sin industries excluded","plain_english":"Alcohol, weapons, tobacco, gaming and palm oil are excluded.","rbi_paragraph":"Para 13","rbi_char_offset":12870,"weight":"MUST KNOW","role":"Credit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p13","layer":"bankpulse"},{"n":8,"claim":"md12940-d7063426","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"IMPACT","heading":"Big hydropower plants excluded","plain_english":"Hydropower plants bigger than 25 MW are excluded from green finance.","rbi_paragraph":"Para 13","rbi_char_offset":13192,"weight":"MUST KNOW","role":"Credit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p14","layer":"bankpulse"},{"n":9,"claim":"md12940-fee107dc","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHO SHOULD ACT","heading":"Report checks fund use","plain_english":"The verification report checks that proceeds went to eligible projects.","rbi_paragraph":"Para 15(1)","rbi_char_offset":14296,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p15","layer":"bankpulse"},{"n":10,"claim":"md12940-437e77d7","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHO SHOULD ACT","heading":"Explain if impact unclear","plain_english":"If impact cannot be measured, the reasons and a fix plan must be disclosed.","rbi_paragraph":"Para 16","rbi_char_offset":15027,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p16","layer":"bankpulse"},{"n":11,"claim":"md12940-b5fc0f6d","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHO SHOULD ACT","heading":"Policy goes on the website","plain_english":"A copy of the policy must be published on the website.","rbi_paragraph":"Para 8","rbi_char_offset":6561,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p17","layer":"bankpulse"},{"n":12,"claim":"md12940-b79b5c16","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHO SHOULD ACT","heading":"External review is required","plain_english":"An external reviewer must check the framework.","rbi_paragraph":"Para 11","rbi_char_offset":9725,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p18","layer":"bankpulse"},{"n":13,"claim":"md12940-e769c584","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHO SHOULD ACT","heading":"Framework published before use","plain_english":"The framework and the reviewer's opinion go on the website before use.","rbi_paragraph":"Para 12","rbi_char_offset":9814,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p19","layer":"bankpulse"},{"n":14,"claim":"md12940-da3facf9","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHO SHOULD ACT","heading":"Impact assessed every year","plain_english":"External firms help assess the impact of green finance every year.","rbi_paragraph":"Para 16","rbi_char_offset":14739,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p20","layer":"bankpulse"},{"n":15,"claim":"md12940-5284b1da","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHO SHOULD ACT","heading":"Both reports go online","plain_english":"The verification report and the impact report both go on the website.","rbi_paragraph":"Para 17","rbi_char_offset":15904,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p21","layer":"bankpulse"},{"n":16,"claim":"md12940-29f8d461","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHO SHOULD ACT","heading":"Board sees a report yearly","plain_english":"The board gets a review report within three months of the year end.","rbi_paragraph":"Para 18","rbi_char_offset":16032,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A bank's financial year ends 31 March. Its board review of the green deposit report is due by 30 June -- three months later, which is the limit RBI names.","anchor":"https://bankpulse.ai/rule/md12940#p22","layer":"bankpulse"},{"n":17,"claim":"md12940-fcae2ee9","page_group":"Chapter III. Framework for acceptance of Green Deposits","stored_section":"WHAT CHANGES","heading":"Financial statement disclosures","plain_english":"Annual financial statement disclosures follow RBI's separate disclosure rules.","rbi_paragraph":"Para 19","rbi_char_offset":16568,"weight":"BACKGROUND","role":"Finance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p23","layer":"bankpulse"},{"n":1,"claim":"md12940-596b944f","page_group":"Chapter IV. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"Old green deposit rules gone","plain_english":"The earlier green deposit rules for NBFCs are now repealed.","rbi_paragraph":"Para 20","rbi_char_offset":16897,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p24","layer":"bankpulse"},{"n":2,"claim":"md12940-9d276afe","page_group":"Chapter IV. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"Other laws still apply","plain_english":"These rules add to other laws. They do not cut them down.","rbi_paragraph":"Para 22","rbi_char_offset":18365,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p25","layer":"bankpulse"},{"n":3,"claim":"md12940-1f001e30","page_group":"Chapter IV. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"RBI's reading is final","plain_english":"If these rules are unclear, RBI's own interpretation decides.","rbi_paragraph":"Para 23","rbi_char_offset":18872,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12940#p26","layer":"bankpulse"}],"actions":[],"amendments":[],"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."}