{"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":"md12966","title":"Reserve Bank of India (All India Financial Institutions – Miscellaneous) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md12966","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":"All India financial institutions","class_code":"AIFI","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md12966","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/md12966.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12966","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:20:11 UTC","text_sha256":"cb928f67d9d07ff358be26b1d69b89270a62d37f35da5d230ad24cd75aaf712b","word_count":2184,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":18,"points_naming_an_rbi_paragraph":18,"points_stored":18,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md12966-acebbb37","page_group":"Opening paragraphs","stored_section":"THE CORE IDEA","heading":"One combined rulebook","plain_english":"This book holds RBI's mixed rules for the All India Financial Institutions in one place.","rbi_paragraph":"Opening paragraphs","rbi_char_offset":2964,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p1","layer":"bankpulse"},{"n":1,"claim":"md12966-a2a8948e","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Start date","plain_english":"These rules took effect at once.","rbi_paragraph":"Para 2","rbi_char_offset":3208,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p2","layer":"bankpulse"},{"n":2,"claim":"md12966-37d98736","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Five institutions covered","plain_english":"These rules bind EXIM Bank, NABARD, SIDBI, NHB and NaBFID, and nobody else.","rbi_paragraph":"Para 3","rbi_char_offset":3290,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["agriculture-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p3","layer":"bankpulse"},{"n":3,"claim":"md12966-f85f2140","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"What a director means","plain_english":"A director here means one named to the board of such a body.","rbi_paragraph":"Para 4(1)","rbi_char_offset":3992,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p4","layer":"bankpulse"},{"n":1,"claim":"md12966-132fe1a6","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Board policy on certificates","plain_english":"The board must approve a policy on the courses needed for key work areas.","rbi_paragraph":"Para 6","rbi_char_offset":4399,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p5","layer":"bankpulse"},{"n":2,"claim":"md12966-2aeef378","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Due diligence before deferment","plain_english":"Let a user pay later only after a check under the board's own policy.","rbi_paragraph":"Para 7","rbi_char_offset":4593,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p6","layer":"bankpulse"},{"n":1,"claim":"md12966-d75409d8","page_group":"Chapter III. Audit Committee of the Board","stored_section":"WHAT CHANGES","heading":"About five directors","plain_english":"An audit panel of the board may be set up with about five directors.","rbi_paragraph":"Para 8","rbi_char_offset":4867,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p7","layer":"bankpulse"},{"n":2,"claim":"md12966-531e332b","page_group":"Chapter III. Audit Committee of the Board","stored_section":"KEY DATES","heading":"Six meetings a year","plain_english":"The panel may meet once a quarter, and at least six times a year.","rbi_paragraph":"Para 9","rbi_char_offset":5189,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p8","layer":"bankpulse"},{"n":3,"claim":"md12966-3744bc29","page_group":"Chapter III. Audit Committee of the Board","stored_section":"WHAT CHANGES","heading":"What the committee does","plain_english":"It steers and watches over the whole of the body's audit work.","rbi_paragraph":"Para 10","rbi_char_offset":5272,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p9","layer":"bankpulse"},{"n":1,"claim":"md12966-0576d93d","page_group":"Chapter IV. Services and Market Operations","stored_section":"WHAT CHANGES","heading":"Deferring option premium","plain_english":"The body may let a user pay the option premium later, on set terms.","rbi_paragraph":"Para 11","rbi_char_offset":6239,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p10","layer":"bankpulse"},{"n":2,"claim":"md12966-cb406751","page_group":"Chapter IV. Services and Market Operations","stored_section":"WHO SHOULD ACT","heading":"Report corporate bond trades","plain_english":"Report over the counter trades in corporate bonds on FIMMDA's platform.","rbi_paragraph":"Para 12","rbi_char_offset":7710,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p11","layer":"bankpulse"},{"n":1,"claim":"md12966-f9291bc4","page_group":"Chapter V. Regulatory Compliance","stored_section":"WHO SHOULD ACT","heading":"Register under FATCA","plain_english":"A body not yet listed with US authorities must sign up and get a GIIN.","rbi_paragraph":"Para 13","rbi_char_offset":8121,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p12","layer":"bankpulse"},{"n":2,"claim":"md12966-887c7074","page_group":"Chapter V. Regulatory Compliance","stored_section":"WHO SHOULD ACT","heading":"Overseas branches too","plain_english":"A body with branches abroad must sign up as each FATCA rule there asks.","rbi_paragraph":"Para 14","rbi_char_offset":8399,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p13","layer":"bankpulse"},{"n":1,"claim":"md12966-05d6609e","page_group":"Chapter VI. Human Resource and Capacity Building","stored_section":"WHO SHOULD ACT","heading":"Certify the key desks","plain_english":"Name the key desks. Make a course a must before staff join them.","rbi_paragraph":"Para 15","rbi_char_offset":9610,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p14","layer":"bankpulse"},{"n":2,"claim":"md12966-b256d379","page_group":"Chapter VI. Human Resource and Capacity Building","stored_section":"WHAT CHANGES","heading":"Staff rotation policy","plain_english":"A staff rotation policy must be put in place.","rbi_paragraph":"Para 16","rbi_char_offset":10851,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12966#p15","layer":"bankpulse"},{"n":1,"claim":"md12966-bd369824","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old instructions repealed","plain_english":"The old rules on these matters were repealed by the circular of 28 November 2025.","rbi_paragraph":"Para 17","rbi_char_offset":11463,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"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.","anchor":"https://bankpulse.ai/rule/md12966#p16","layer":"bankpulse"},{"n":2,"claim":"md12966-34cd0eed","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Earlier action stands","plain_english":"What was done or begun under the old rules is still ruled by them.","rbi_paragraph":"Para 18","rbi_char_offset":11890,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"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.","anchor":"https://bankpulse.ai/rule/md12966#p17","layer":"bankpulse"},{"n":3,"claim":"md12966-9d276afe","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT CHANGES","heading":"Adds to other law","plain_english":"These rules add to other laws in force. They take nothing away.","rbi_paragraph":"Para 19","rbi_char_offset":12958,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"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.","anchor":"https://bankpulse.ai/rule/md12966#p18","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. 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