{"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":"md12978","title":"Reserve Bank of India (All India Financial Institutions – Concentration Risk Management) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md12978","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":"md12978","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/md12978.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12978","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:20:33 UTC","text_sha256":"4f152eea76cafa7955ff5727579cdbba388e8ce9b287972c0b7f6f6a26eadb5b","word_count":8090,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":50,"points_naming_an_rbi_paragraph":50,"points_stored":50,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md12978-9db77ee8","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Starts at once","plain_english":"The rules start the moment RBI issues them.","rbi_paragraph":"Para 2","rbi_char_offset":2735,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p1","layer":"bankpulse"},{"n":2,"claim":"md12978-5f0acba4","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who must follow this","plain_english":"These rules apply to the All India Financial Institutions.","rbi_paragraph":"Para 3","rbi_char_offset":2822,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p2","layer":"bankpulse"},{"n":3,"claim":"md12978-fdcccc0c","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"Only Tier 1 counts","plain_english":"The capital base for these limits is Tier 1 capital alone.","rbi_paragraph":"Para 4(5)","rbi_char_offset":4899,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p3","layer":"bankpulse"},{"n":4,"claim":"md12978-ccc14087","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Capital from audited accounts","plain_english":"The capital base comes from the last audited balance sheet.","rbi_paragraph":"Para 4(5)","rbi_char_offset":5091,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p4","layer":"bankpulse"},{"n":5,"claim":"md12978-e7c54338","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"New capital counts at once","plain_english":"Fresh capital raised after the balance sheet date may be counted.","rbi_paragraph":"Para 4(5)","rbi_char_offset":5130,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p5","layer":"bankpulse"},{"n":6,"claim":"md12978-2ac6694c","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"Year profits do count","plain_english":"Profit earned during the year is added to Tier I capital here.","rbi_paragraph":"Para 4(5)","rbi_char_offset":5268,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p6","layer":"bankpulse"},{"n":7,"claim":"md12978-d8c31c28","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"What a large exposure is","plain_english":"An exposure of 10 per cent or more of the capital base is a large one.","rbi_paragraph":"Para 4(7)","rbi_char_offset":6235,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p7","layer":"bankpulse"},{"n":8,"claim":"md12978-09717775","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"An auditor must certify","plain_english":"An outside auditor must certify the fresh capital before it is counted.","rbi_paragraph":"Para 4(5)","rbi_char_offset":5535,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p8","layer":"bankpulse"},{"n":9,"claim":"md12978-7b8e236c","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"The five bodies covered","plain_english":"They are EXIM Bank, NABARD, SIDBI, National Housing Bank and NaBFID.","rbi_paragraph":"Para 3","rbi_char_offset":3087,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p9","layer":"bankpulse"},{"n":1,"claim":"md12978-868249d2","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHO IT APPLIES TO","heading":"Counterparties, not sectors","plain_english":"These limits are about who you lend to, not which industry.","rbi_paragraph":"Para 8","rbi_char_offset":9193,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p10","layer":"bankpulse"},{"n":2,"claim":"md12978-84015ddf","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHAT CHANGES","heading":"Refinance is left out","plain_english":"The refinance book is outside these limits.","rbi_paragraph":"Para 9(1)","rbi_char_offset":9474,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p11","layer":"bankpulse"},{"n":3,"claim":"md12978-ba698894","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHAT CHANGES","heading":"RBI exposure is exempt","plain_english":"Money placed with RBI is outside these limits.","rbi_paragraph":"Para 9(3)","rbi_char_offset":9993,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p12","layer":"bankpulse"},{"n":4,"claim":"md12978-252838de","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHAT CHANGES","heading":"Government guarantee is exempt","plain_english":"A loan fully guaranteed by the Government of India is outside these limits.","rbi_paragraph":"Para 9(4)","rbi_char_offset":10019,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p13","layer":"bankpulse"},{"n":5,"claim":"md12978-c8f5cdfa","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHAT CHANGES","heading":"Intra day bank deals exempt","plain_english":"The institution leaves out bank deals that settle the same day.","rbi_paragraph":"Para 9(6)","rbi_char_offset":10323,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p14","layer":"bankpulse"},{"n":6,"claim":"md12978-a1e11566","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHAT CHANGES","heading":"Twenty per cent one name","plain_english":"Lending to one borrower may not pass 20 per cent of the capital base.","rbi_paragraph":"Para 11","rbi_char_offset":10853,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p15","layer":"bankpulse"},{"n":7,"claim":"md12978-23dfc698","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHAT CHANGES","heading":"Board can add five more","plain_english":"The board may allow five per cent above 20 per cent, never past 25 per cent.","rbi_paragraph":"Para 11","rbi_char_offset":11035,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A financial institution lends to one company. The normal ceiling is 20 per cent of its capital base. The board may allow five per cent more for a special case, with the reason written down. Even then the total can never pass 25 per cent.","anchor":"https://bankpulse.ai/rule/md12978#p16","layer":"bankpulse"},{"n":8,"claim":"md12978-ca5337a0","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHAT CHANGES","heading":"Twenty five for a group","plain_english":"A group of linked borrowers may not pass 25 per cent of the capital base.","rbi_paragraph":"Para 12","rbi_char_offset":11891,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p17","layer":"bankpulse"},{"n":9,"claim":"md12978-282f192e","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHAT CHANGES","heading":"Ten more for infrastructure","plain_english":"For infrastructure, a linked group may take 10 per cent of Tier I capital more.","rbi_paragraph":"Para 12","rbi_char_offset":12083,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p18","layer":"bankpulse"},{"n":10,"claim":"md12978-43f27965","page_group":"Chapter II. Large Exposures Framework","stored_section":"THE CORE IDEA","heading":"Linked firms count as one","plain_english":"Firms that would fail together are treated as one borrower.","rbi_paragraph":"Para 13","rbi_char_offset":12560,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p19","layer":"bankpulse"},{"n":11,"claim":"md12978-24d51b0a","page_group":"Chapter II. Large Exposures Framework","stored_section":"THE CORE IDEA","heading":"Five per cent starts checking","plain_english":"The hunt for linked firms starts only above five per cent of the capital base.","rbi_paragraph":"Para 14(2)","rbi_char_offset":14408,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p20","layer":"bankpulse"},{"n":12,"claim":"md12978-a8fdc84b","page_group":"Chapter II. Large Exposures Framework","stored_section":"THE CORE IDEA","heading":"Half the income from one","plain_english":"Two firms are linked if half of one firm's income comes from the other.","rbi_paragraph":"Para 19(1)","rbi_char_offset":17915,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p21","layer":"bankpulse"},{"n":13,"claim":"md12978-8afae0ae","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHO SHOULD ACT","heading":"A floor of ten","plain_english":"Off balance sheet items are converted with a floor of 10 per cent.","rbi_paragraph":"Para 25","rbi_char_offset":30109,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p22","layer":"bankpulse"},{"n":14,"claim":"md12978-a6f07e41","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHAT CHANGES","heading":"Banks capped at twenty five","plain_english":"The institution may place up to 25 per cent of Tier 1 capital with banks.","rbi_paragraph":"Para 28","rbi_char_offset":31984,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p23","layer":"bankpulse"},{"n":15,"claim":"md12978-6e65a0f0","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHO SHOULD ACT","heading":"Unknown borrowers grouped together","plain_english":"Where the real borrowers cannot be found, all of them count as one name.","rbi_paragraph":"Para 29(2)","rbi_char_offset":34499,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p24","layer":"bankpulse"},{"n":16,"claim":"md12978-1f361b4b","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHO SHOULD ACT","heading":"Small holdings stay together","plain_english":"A small holding in a fund may be counted against the fund itself.","rbi_paragraph":"Para 32(1)","rbi_char_offset":36026,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p25","layer":"bankpulse"},{"n":17,"claim":"md12978-f41f1908","page_group":"Chapter II. Large Exposures Framework","stored_section":"IMPACT","heading":"A breach must be fixed","plain_english":"A breach may only happen in rare cases outside control, and must be fixed at once.","rbi_paragraph":"Para 45","rbi_char_offset":42365,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p26","layer":"bankpulse"},{"n":18,"claim":"md12978-c232c1fc","page_group":"Chapter II. Large Exposures Framework","stored_section":"IMPACT","heading":"No new deals until cured","plain_english":"While a limit is crossed, no fresh exposure may be taken at all.","rbi_paragraph":"Para 46","rbi_char_offset":42653,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p27","layer":"bankpulse"},{"n":19,"claim":"md12978-30830940","page_group":"Chapter II. Large Exposures Framework","stored_section":"IMPACT","heading":"Penalty can follow","plain_english":"Not meeting the limit can bring a penalty from the supervisor.","rbi_paragraph":"Para 47","rbi_char_offset":42789,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p28","layer":"bankpulse"},{"n":20,"claim":"md12978-8712d5cf","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHO SHOULD ACT","heading":"One board policy needed","plain_english":"The board must approve one full policy on large exposures.","rbi_paragraph":"Para 6","rbi_char_offset":8047,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p29","layer":"bankpulse"},{"n":21,"claim":"md12978-afdf01f5","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHO SHOULD ACT","heading":"A policy for refinance","plain_english":"That policy must set the lending limits for the refinance book.","rbi_paragraph":"Para 6(1)","rbi_char_offset":8184,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p30","layer":"bankpulse"},{"n":22,"claim":"md12978-c38c41bb","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHAT CHANGES","heading":"Reasons must be written down","plain_english":"The special reason for going beyond 20 per cent must be written for each case.","rbi_paragraph":"Para 11(2)","rbi_char_offset":11384,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p31","layer":"bankpulse"},{"n":23,"claim":"md12978-b32fe088","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHO SHOULD ACT","heading":"A policy for linked firms","plain_english":"The board must also approve how linked borrowers are found.","rbi_paragraph":"Para 24","rbi_char_offset":29140,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p32","layer":"bankpulse"},{"n":24,"claim":"md12978-09240fdd","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHO SHOULD ACT","heading":"Look through the fund","plain_english":"Where a fund is used, the institution must find the real borrowers behind it.","rbi_paragraph":"Para 31","rbi_char_offset":35424,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p33","layer":"bankpulse"},{"n":25,"claim":"md12978-2cf27c1b","page_group":"Chapter II. Large Exposures Framework","stored_section":"KEY DATES","heading":"Board review before June","plain_english":"The board must see a yearly review by end June. For National Housing Bank it is September.","rbi_paragraph":"Para 44","rbi_char_offset":42166,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p34","layer":"bankpulse"},{"n":26,"claim":"md12978-1d17535d","page_group":"Chapter II. Large Exposures Framework","stored_section":"IMPACT","heading":"Tell RBI at once","plain_english":"Every breach must be reported to RBI straight away.","rbi_paragraph":"Para 45","rbi_char_offset":42508,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p35","layer":"bankpulse"},{"n":27,"claim":"md12978-973e2341","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHO SHOULD ACT","heading":"Report every month","plain_english":"Large exposures must be reported to RBI every month.","rbi_paragraph":"Para 48","rbi_char_offset":42927,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p36","layer":"bankpulse"},{"n":28,"claim":"md12978-d02d9aa2","page_group":"Chapter II. Large Exposures Framework","stored_section":"WHO SHOULD ACT","heading":"The twenty biggest always","plain_english":"The 20 biggest exposures are reported whatever their size.","rbi_paragraph":"Para 48(4)","rbi_char_offset":43387,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p37","layer":"bankpulse"},{"n":1,"claim":"md12978-25604b87","page_group":"Chapter III. Other Permitted exposures and Prudential Limits","stored_section":"WHAT CHANGES","heading":"Capital market forty per cent","plain_english":"All capital market exposure may not pass 40 per cent of net worth.","rbi_paragraph":"Para 52","rbi_char_offset":46296,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":["advance-against-securities"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p38","layer":"bankpulse"},{"n":2,"claim":"md12978-32789399","page_group":"Chapter III. Other Permitted exposures and Prudential Limits","stored_section":"WHAT CHANGES","heading":"Direct part twenty per cent","plain_english":"Inside that, direct exposure may not pass 20 per cent of net worth.","rbi_paragraph":"Para 52","rbi_char_offset":46394,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p39","layer":"bankpulse"},{"n":3,"claim":"md12978-5232cbc5","page_group":"Chapter III. Other Permitted exposures and Prudential Limits","stored_section":"WHAT CHANGES","heading":"Forty nine under mandate","plain_english":"Where the law it was set up under allows it, the institution may hold 49 per cent.","rbi_paragraph":"Para 53","rbi_char_offset":46691,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p40","layer":"bankpulse"},{"n":4,"claim":"md12978-d92d0919","page_group":"Chapter III. Other Permitted exposures and Prudential Limits","stored_section":"WHAT CHANGES","heading":"Ten per cent otherwise","plain_english":"In every other case it may hold only 10 per cent of a company.","rbi_paragraph":"Para 53","rbi_char_offset":46793,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p41","layer":"bankpulse"},{"n":5,"claim":"md12978-2c24f5db","page_group":"Chapter III. Other Permitted exposures and Prudential Limits","stored_section":"WHAT CHANGES","heading":"Pledge may reach forty nine","plain_english":"Shares taken as a pledge may go up to 49 per cent.","rbi_paragraph":"Para 54","rbi_char_offset":46903,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p42","layer":"bankpulse"},{"n":6,"claim":"md12978-ddf6a905","page_group":"Chapter III. Other Permitted exposures and Prudential Limits","stored_section":"WHAT CHANGES","heading":"All such equity together","plain_english":"All shares held in trading and making firms together may not pass 10 per cent of net worth.","rbi_paragraph":"Para 55","rbi_char_offset":47324,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p43","layer":"bankpulse"},{"n":7,"claim":"md12978-235c1f4b","page_group":"Chapter III. Other Permitted exposures and Prudential Limits","stored_section":"WHO SHOULD ACT","heading":"Board sets sector limits","plain_english":"The board should set its own limits for each industry it lends to.","rbi_paragraph":"Para 49","rbi_char_offset":43718,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p44","layer":"bankpulse"},{"n":8,"claim":"md12978-ea53bb5c","page_group":"Chapter III. Other Permitted exposures and Prudential Limits","stored_section":"WHAT CHANGES","heading":"Three years to come down","plain_english":"If those pledged shares are taken over, the holding must fall below 10 per cent in 3 years.","rbi_paragraph":"Para 54","rbi_char_offset":47073,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p45","layer":"bankpulse"},{"n":9,"claim":"md12978-91968318","page_group":"Chapter III. Other Permitted exposures and Prudential Limits","stored_section":"WHO SHOULD ACT","heading":"Board may go lower","plain_english":"The board is free to set a tighter limit than RBI's.","rbi_paragraph":"Para 55","rbi_char_offset":47428,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p46","layer":"bankpulse"},{"n":1,"claim":"md12978-8025bfa2","page_group":"Chapter IV. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"The old rules are gone","plain_english":"All earlier concentration risk instructions for these institutions stand repealed.","rbi_paragraph":"Para 59","rbi_char_offset":50378,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p47","layer":"bankpulse"},{"n":2,"claim":"md12978-1079c38d","page_group":"Chapter IV. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"Old actions still stand","plain_english":"Anything already done under the old rules is still judged by them.","rbi_paragraph":"Para 60","rbi_char_offset":50759,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p48","layer":"bankpulse"},{"n":3,"claim":"md12978-a1664389","page_group":"Chapter IV. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"Other laws still apply","plain_english":"These rules sit on top of other laws. They do not take the place of them.","rbi_paragraph":"Para 61","rbi_char_offset":51799,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p49","layer":"bankpulse"},{"n":4,"claim":"md12978-1f001e30","page_group":"Chapter IV. Repeal and other provisions","stored_section":"IMPACT","heading":"RBI's reading is final","plain_english":"Where the wording is unclear, RBI's own reading of it is final.","rbi_paragraph":"Para 62","rbi_char_offset":52305,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12978#p50","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."}