Who does this RBI rule apply to?

These rules bind EXIM Bank, NABARD, SIDBI, NHB and NaBFID, and nobody else. A director here means one named to the board of such a body.

What are the main requirements for all India financial institutions?

A staff rotation policy must be put in place. An audit panel of the board may be set up with about five directors. It steers and watches over the whole of the body's audit work. The body may let a user pay the option premium later, on set terms.

When does this RBI rule take effect?

This RBI rule starts to apply on Nov 28, 2025.

Which earlier RBI rules does this replace?

The old rules on these matters were repealed by the circular of 28 November 2025. What was done or begun under the old rules is still ruled by them.

Directions · Reserve Bank of India

Reserve Bank of India (All India Financial Institutions – Miscellaneous) Directions, 2025

Applies toAll India financial institutions
StatusIn force
IssuedNov 28, 2025
Amendmentsnone tracked
Length18 points in 5 sections · 2 min read

The four dates on this rule

PublishedNov 28, 2025The day RBI put this document out. This is the same day as the Issued date on this rule.
Starts to applyNov 28, 2025The day this rule starts to apply, as RBI's own text states it.
Time to get readyNoneIt starts to apply on the day it was published.
Last date to actNot statedNo date to act by was found in this document. Other dates may sit inside single paragraphs.

This rulebook is short, and the page is short with it. The whole rulebook is 1,767 words across twenty numbered paragraphs, four of which are its own title, start date and definitions. Twenty-five points would be one for every seventy words, which is denser than this document contains.

At a glanceThis book holds RBI's mixed rules for the All India Financial Institutions in one place. These rules bind EXIM Bank, NABARD, SIDBI, NHB and NaBFID, and nobody else. These rules took effect at once.

Official RBI page

What it says

How firm is each point

Stated by RBI — RBI’s own paragraph says this. We have only made it plainer.

Our reading — BankPulse read RBI’s paragraph and shortened it. The paragraph is the authority, not this line.

Needs judgement — RBI leaves this to the bank to settle, so nobody can give you a fixed number here.

Opening paragraphs

1. One combined rulebook

RBI Opening paragraphs · Our reading

This book holds RBI's mixed rules for the All India Financial Institutions in one place.

Chapter I. Preliminary

1. Start date

RBI Para 2 · Our reading

These rules took effect at once.

2. Five institutions covered

RBI Para 3 · Stated by RBI

These rules bind EXIM Bank, NABARD, SIDBI, NHB and NaBFID, and nobody else.

3. What a director means

RBI Para 4(1) · Our reading

A director here means one named to the board of such a body.

Chapter II. Role of the Board

1. Board policy on certificates

RBI Para 6 · Stated by RBI

The board must approve a policy on the courses needed for key work areas.

2. Due diligence before deferment

RBI Para 7 · Stated by RBI

Let a user pay later only after a check under the board's own policy.

Chapter III. Audit Committee of the Board

1. About five directors

RBI Para 8 · Stated by RBI

An audit panel of the board may be set up with about five directors.

2. Six meetings a year

RBI Para 9 · Stated by RBI

The panel may meet once a quarter, and at least six times a year.

3. What the committee does

RBI Para 10 · Needs judgement

It steers and watches over the whole of the body's audit work.

Chapter IV. Services and Market Operations

1. Deferring option premium

RBI Para 11 · Needs judgement

The body may let a user pay the option premium later, on set terms.

2. Report corporate bond trades

RBI Para 12 · Stated by RBI

Report over the counter trades in corporate bonds on FIMMDA's platform.

Chapter V. Regulatory Compliance

1. Register under FATCA

RBI Para 13 · Our reading

A body not yet listed with US authorities must sign up and get a GIIN.

2. Overseas branches too

RBI Para 14 · Our reading

A body with branches abroad must sign up as each FATCA rule there asks.

Chapter VI. Human Resource and Capacity Building

1. Certify the key desks

RBI Para 15 · Our reading

Name the key desks. Make a course a must before staff join them.

2. Staff rotation policy

RBI Para 16 · Stated by RBI

A staff rotation policy must be put in place.

Chapter VII. Repeal and Other Provisions

1. Old instructions repealed

RBI Para 17 · Stated by RBI

The old rules on these matters were repealed by the circular of 28 November 2025.

BankPulse example. A compliance officer keeps an old circular on the same subject in the manual. It no longer applies. The existing directions, instructions and guidelines on these areas stand repealed. Only this rulebook governs them now.

2. Earlier action stands

RBI Para 18 · Our reading

What was done or begun under the old rules is still ruled by them.

BankPulse example. A show cause notice was issued under the old rules last year. The repeal does not move it. Any action taken or initiated under the repealed directions is still governed by them. The new rulebook applies to what comes after.

3. Adds to other law

RBI Para 19 · Our reading

These rules add to other laws in force. They take nothing away.

BankPulse example. A bank follows these Directions and thinks the matter is closed. It is not. Any other laws, rules, regulations or directions in force still apply on top. Where another one asks for more, the bank does the more.

The same subject for other kinds of institution

The same subject for other kinds of institution.

Other RBI rules for all India financial institutions

Every rule page on BankPulse · Questions bankers ask, answered