{"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":"md12970","title":"Reserve Bank of India (All India Financial Institutions – Financial Statements: Presentation and Disclosures) Directions, 2025 (Updated as on April 1, 2026)","document_kind":"Directions","page":"https://bankpulse.ai/rule/md12970","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":"md12970","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/md12970.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12970","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:20:19 UTC","text_sha256":"135cee3d6dd3147703edac7ab13d529cd74b133f40091f804c33d32193085fc3","word_count":11920,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":32,"points_naming_an_rbi_paragraph":32,"points_stored":32,"actions":0,"amendments":1},"points":[{"n":1,"claim":"md12970-a2a8948e","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"In force at once","plain_english":"The rules took effect the moment RBI issued them.","rbi_paragraph":"Para 2","rbi_char_offset":3451,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p1","layer":"bankpulse"},{"n":2,"claim":"md12970-5f0acba4","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Five institutions, named","plain_english":"These rules bind EXIM Bank, NABARD, SIDBI, NHB and NaBFID, and nobody else.","rbi_paragraph":"Para 3","rbi_char_offset":3533,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p2","layer":"bankpulse"},{"n":1,"claim":"md12970-94ede706","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"THE CORE IDEA","heading":"Follow the accounting standards","plain_english":"Accounts must follow the Accounting Standards, as RBI's own directions modify them.","rbi_paragraph":"Para 4","rbi_char_offset":4083,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p3","layer":"bankpulse"},{"n":2,"claim":"md12970-7f961223","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"WHAT CHANGES","heading":"Three standards govern the group","plain_english":"Group accounts follow the standards on consolidation, associates and joint ventures.","rbi_paragraph":"Para 6","rbi_char_offset":4727,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p4","layer":"bankpulse"},{"n":3,"claim":"md12970-c7af9a83","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"WHAT CHANGES","heading":"Every subsidiary comes in","plain_english":"Every subsidiary is consolidated, in India and abroad, unless a standard lets it out.","rbi_paragraph":"Para 7","rbi_char_offset":5226,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p5","layer":"bankpulse"},{"n":4,"claim":"md12970-b3a15ef4","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"WHAT CHANGES","heading":"What group accounts contain","plain_english":"A group balance sheet, a group profit and loss account, the main policies and the notes.","rbi_paragraph":"Para 8","rbi_char_offset":5774,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p6","layer":"bankpulse"},{"n":5,"claim":"md12970-fbee2955","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"WHAT CHANGES","heading":"Same closing date","plain_english":"Every set of accounts used in the group must be drawn to the same closing date.","rbi_paragraph":"Para 9","rbi_char_offset":5929,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p7","layer":"bankpulse"},{"n":6,"claim":"md12970-382d0da8","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"WHAT CHANGES","heading":"Older accounts, with adjustments","plain_english":"If that is not possible, a six-month-old balance sheet may be used, with adjustments for what happened in between.","rbi_paragraph":"Para 9","rbi_char_offset":6092,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p8","layer":"bankpulse"},{"n":7,"claim":"md12970-273f7cdb","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"WHAT CHANGES","heading":"One set of policies","plain_english":"The same accounting policies must be used across the group for the same kind of transaction.","rbi_paragraph":"Para 10","rbi_char_offset":6817,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p9","layer":"bankpulse"},{"n":8,"claim":"md12970-b9242418","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"WHAT CHANGES","heading":"When regulators differ","plain_english":"Where group companies answer to different regulators, use the rules that apply to the institution itself.","rbi_paragraph":"Para 11","rbi_char_offset":7505,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p10","layer":"bankpulse"},{"n":9,"claim":"md12970-df6c2223","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"WHAT CHANGES","heading":"Associates at equity","plain_english":"An investment in an associate is carried by the equity method.","rbi_paragraph":"Para 12","rbi_char_offset":7833,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p11","layer":"bankpulse"},{"n":10,"claim":"md12970-a5cc5236","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"WHAT CHANGES","heading":"Joint ventures line by line","plain_english":"A joint venture is brought in by the proportionate consolidation method.","rbi_paragraph":"Para 13","rbi_char_offset":8201,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p12","layer":"bankpulse"},{"n":11,"claim":"md12970-7fbee8f3","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"THE CORE IDEA","heading":"Group accounts as well","plain_english":"A group set of accounts must be prepared and published, not just the institution's own.","rbi_paragraph":"Para 5","rbi_char_offset":4595,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p13","layer":"bankpulse"},{"n":12,"claim":"md12970-8bfb2119","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"WHO SHOULD ACT","heading":"Say why it is out","plain_english":"If a subsidiary is left out of the group accounts, the reason must be stated.","rbi_paragraph":"Para 7","rbi_char_offset":5385,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p14","layer":"bankpulse"},{"n":13,"claim":"md12970-4b9bca90","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"WHO SHOULD ACT","heading":"If you cannot, say so","plain_english":"Where one set of policies cannot be used, say so and give the share of the items affected.","rbi_paragraph":"Para 10","rbi_char_offset":6942,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p15","layer":"bankpulse"},{"n":14,"claim":"md12970-d7a23ba2","page_group":"Chapter II. Format of the Balance sheet and Profit and Loss account and preparation of Consolidated Financial Statements","stored_section":"WHO SHOULD ACT","heading":"One month to send them","plain_english":"Both sets of accounts go to RBI's Department of Supervision within one month of publication.","rbi_paragraph":"Para 14","rbi_char_offset":8530,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p16","layer":"bankpulse"},{"n":1,"claim":"md12970-811ce934","page_group":"Chapter III. Guidance on specific issues with respect to certain accounting standards","stored_section":"WHAT CHANGES","heading":"No auditor note for this","plain_english":"Holding back income on a bad loan follows RBI's rules. The auditor should not qualify the accounts for it.","rbi_paragraph":"Para 15(1)","rbi_char_offset":8983,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p17","layer":"bankpulse"},{"n":2,"claim":"md12970-8bf161c8","page_group":"Chapter III. Guidance on specific issues with respect to certain accounting standards","stored_section":"WHAT CHANGES","heading":"One per cent bar","plain_english":"Income is small below one per cent of total income. Counted after costs, the bar is one per cent of profit before tax.","rbi_paragraph":"Para 15(1)","rbi_char_offset":9468,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p18","layer":"bankpulse"},{"n":3,"claim":"md12970-57953bc0","page_group":"Chapter III. Guidance on specific issues with respect to certain accounting standards","stored_section":"WHAT CHANGES","heading":"Small income on receipt","plain_english":"Income that is not material may be booked when the money actually comes in.","rbi_paragraph":"Para 15(1)","rbi_char_offset":9724,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p19","layer":"bankpulse"},{"n":4,"claim":"md12970-222b9ea8","page_group":"Chapter III. Guidance on specific issues with respect to certain accounting standards","stored_section":"WHAT CHANGES","heading":"Last week's average rate","plain_english":"A foreign currency deal may be booked at last week's average closing rate published by FEDAI.","rbi_paragraph":"Para 15(2)","rbi_char_offset":12017,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p20","layer":"bankpulse"},{"n":5,"claim":"md12970-4a1c094a","page_group":"Chapter III. Guidance on specific issues with respect to certain accounting standards","stored_section":"WHAT CHANGES","heading":"Quarterly rate for branches","plain_english":"Income and costs of a separate foreign operation may be converted at the quarter's average closing rate.","rbi_paragraph":"Para 15(2)","rbi_char_offset":12229,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p21","layer":"bankpulse"},{"n":6,"claim":"md12970-7872a277","page_group":"Chapter III. Guidance on specific issues with respect to certain accounting standards","stored_section":"WHAT CHANGES","heading":"Three and a half test","plain_english":"Last week's average must be within three and a half per cent of the day's rate. If not, use the day's rate.","rbi_paragraph":"Para 15(2)","rbi_char_offset":12770,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"An institution books a dollar payment on a Wednesday. It would normally use last week's average closing rate from FEDAI. First it compares that average with the rate actually ruling on Wednesday. If the two are within three and a half per cent of each other, last week's average may be used. If the gap is more than three and a half per cent, Wednesday's own closing rate must be used instead.","anchor":"https://bankpulse.ai/rule/md12970#p22","layer":"bankpulse"},{"n":7,"claim":"md12970-761953e3","page_group":"Chapter III. Guidance on specific issues with respect to certain accounting standards","stored_section":"WHAT CHANGES","heading":"Seven per cent swing","plain_english":"A gap above seven per cent is a big swing. Then the day's rate must be used.","rbi_paragraph":"Para 15(2)","rbi_char_offset":13294,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p23","layer":"bankpulse"},{"n":8,"claim":"md12970-6244de5f","page_group":"Chapter III. Guidance on specific issues with respect to certain accounting standards","stored_section":"WHAT CHANGES","heading":"One closing rate for all","plain_english":"The closing rate is the last closing spot rate FEDAI announced for that period.","rbi_paragraph":"Para 15(2)","rbi_char_offset":13948,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p24","layer":"bankpulse"},{"n":9,"claim":"md12970-057f2b13","page_group":"Chapter III. Guidance on specific issues with respect to certain accounting standards","stored_section":"WHAT CHANGES","heading":"No gain on repatriation","plain_english":"Bringing profits home from an overseas branch does not let the institution book the exchange gain held in reserve.","rbi_paragraph":"Para 15(2)","rbi_char_offset":14547,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p25","layer":"bankpulse"},{"n":1,"claim":"md12970-3f248c03","page_group":"Chapter IV. Disclosure in Financial Statements - Notes to Accounts","stored_section":"WHAT CHANGES","heading":"They do not replace others","plain_english":"These disclosures add to what other laws and standards already demand.","rbi_paragraph":"Para 16","rbi_char_offset":19329,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p26","layer":"bankpulse"},{"n":2,"claim":"md12970-99601292","page_group":"Chapter IV. Disclosure in Financial Statements - Notes to Accounts","stored_section":"WHAT CHANGES","heading":"A floor, not a ceiling","plain_english":"These disclosures are the least that must be given, not the most.","rbi_paragraph":"Para 16","rbi_char_offset":19521,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p27","layer":"bankpulse"},{"n":3,"claim":"md12970-737dc995","page_group":"Chapter IV. Disclosure in Financial Statements - Notes to Accounts","stored_section":"WHO SHOULD ACT","heading":"Put them in the notes","plain_english":"Everything this chapter asks for goes into the notes to accounts.","rbi_paragraph":"Para 16","rbi_char_offset":19195,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p28","layer":"bankpulse"},{"n":4,"claim":"md12970-4c779e97","page_group":"Chapter IV. Disclosure in Financial Statements - Notes to Accounts","stored_section":"WHO SHOULD ACT","heading":"Both sets of accounts","plain_english":"The listed items must appear in the notes to the institution's own accounts and to the group accounts.","rbi_paragraph":"Para 17","rbi_char_offset":19727,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p29","layer":"bankpulse"},{"n":5,"claim":"md12970-814b2d45","page_group":"Chapter IV. Disclosure in Financial Statements - Notes to Accounts","stored_section":"WHO SHOULD ACT","heading":"Add more where it matters","plain_english":"Where something is material, disclose it even if the list does not name it.","rbi_paragraph":"Para 17","rbi_char_offset":19859,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p30","layer":"bankpulse"},{"n":6,"claim":"md12970-ab8c8792","page_group":"Chapter IV. Disclosure in Financial Statements - Notes to Accounts","stored_section":"WHO SHOULD ACT","heading":"Policies and notes apart","plain_english":"The summary of main accounting policies and the notes to accounts are shown separately.","rbi_paragraph":"Para 18","rbi_char_offset":20260,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p31","layer":"bankpulse"},{"n":7,"claim":"md12970-a2133ecd","page_group":"Chapter IV. Disclosure in Financial Statements - Notes to Accounts","stored_section":"WHAT CHANGES","heading":"Capital in the notes","plain_english":"The notes must carry the capital figures, tier by tier, for this year and last.","rbi_paragraph":"Para 19","rbi_char_offset":20449,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12970#p32","layer":"bankpulse"}],"actions":[],"amendments":[{"id":"nt13264","title":"Reserve Bank of India (All India Financial Institutions – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026","date":"Jan 05, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13264&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."}