{"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":"md12980","title":"Reserve Bank of India (All India Financial Institutions – Credit Information Reporting) Directions, 2025 (Updated as on July 01, 2026)","document_kind":"Directions","page":"https://bankpulse.ai/rule/md12980","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":"md12980","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/md12980.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12980","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:20:36 UTC","text_sha256":"c468aadac767f5a1f0af245847c020ef815d927ab3aec90508c24e958dd20baf","word_count":7987,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":68,"points_naming_an_rbi_paragraph":68,"points_stored":68,"actions":0,"amendments":1},"points":[{"n":1,"claim":"md12980-77e8f95d","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Start date","plain_english":"These Directions came into effect on the day RBI issued them.","rbi_paragraph":"Para 2","rbi_char_offset":3924,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p1","layer":"bankpulse"},{"n":2,"claim":"md12980-85d01c0e","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These Directions apply to every all India financial institution.","rbi_paragraph":"Para 3","rbi_char_offset":4017,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p2","layer":"bankpulse"},{"n":1,"claim":"md12980-117541ad","page_group":"Chapter II. Membership of CICs","stored_section":"WHAT CHANGES","heading":"Joining fee cap","plain_english":"The one-time fee to join a CIC cannot exceed ₹10,000.","rbi_paragraph":"Para 7","rbi_char_offset":6315,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A lender joins a credit information company. The one-time membership fee may not be more than ₹10,000. A second bureau may charge its own ₹10,000, because the cap is for each one.","anchor":"https://bankpulse.ai/rule/md12980#p3","layer":"bankpulse"},{"n":2,"claim":"md12980-0624fb04","page_group":"Chapter II. Membership of CICs","stored_section":"WHAT CHANGES","heading":"Yearly fee cap","plain_english":"The yearly fee a CIC can charge an all India financial institution is capped at ₹5,000.","rbi_paragraph":"Para 8","rbi_char_offset":6422,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p4","layer":"bankpulse"},{"n":3,"claim":"md12980-939f2912","page_group":"Chapter II. Membership of CICs","stored_section":"WHO IT APPLIES TO","heading":"CIC membership duty","plain_english":"Every credit institution must become a member of all RBI-registered credit information companies.","rbi_paragraph":"Para 6","rbi_char_offset":6239,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p5","layer":"bankpulse"},{"n":1,"claim":"md12980-be8dd221","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHAT CHANGES","heading":"Standard formats","plain_english":"Credit data must be reported to CICs using RBI's standard formats.","rbi_paragraph":"Para 9","rbi_char_offset":6576,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p6","layer":"bankpulse"},{"n":2,"claim":"md12980-9ae24307","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"KEY DATES","heading":"Four days to send it","plain_english":"The data must reach the bureaus within four calendar days of the cut-off date.","rbi_paragraph":"Para 10(2)","rbi_char_offset":8248,"weight":"MUST KNOW","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"The 16th of the month is one of the four reference dates. The data as on the 16th must reach the credit information companies by the 20th. That is four calendar days later.","anchor":"https://bankpulse.ai/rule/md12980#p7","layer":"bankpulse"},{"n":3,"claim":"md12980-9b6ead81","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"KEY DATES","heading":"Late filers are named","plain_english":"Bureaus must report late filers to RBI twice a year, at 31 March and 30 September.","rbi_paragraph":"Para 10(4)","rbi_char_offset":9216,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p8","layer":"bankpulse"},{"n":4,"claim":"md12980-1f2a98bf","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHAT CHANGES","heading":"A wrong debit is disputed","plain_english":"A wrong debit or a contested charge is reported as disputed, never as settled.","rbi_paragraph":"Para 12(4)","rbi_char_offset":11009,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p9","layer":"bankpulse"},{"n":5,"claim":"md12980-0a36125d","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"KEY DATES","heading":"Relationship Segment data","plain_english":"Relationship Segment data reporting is mandatory for all accounts opened on or after July 1, 2018.","rbi_paragraph":"Para 12(8)","rbi_char_offset":12395,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p10","layer":"bankpulse"},{"n":6,"claim":"md12980-00e626df","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHAT CHANGES","heading":"Ten per cent triggers detail","plain_english":"Above ten per cent bad loans in the group segment, detail is collected on loans over ₹20,000.","rbi_paragraph":"Para 13(4)","rbi_char_offset":17786,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p11","layer":"bankpulse"},{"n":7,"claim":"md12980-65e16811","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Data Quality reviews","plain_english":"All India financial institutions must review their Data Quality Index every six months.","rbi_paragraph":"Para 16","rbi_char_offset":20861,"weight":"MUST KNOW","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p12","layer":"bankpulse"},{"n":8,"claim":"md12980-d301deef","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"KEY DATES","heading":"Two months to top table","plain_english":"A report on the problems found and fixed goes to top management within two months of half year end.","rbi_paragraph":"Para 16","rbi_char_offset":21064,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p13","layer":"bankpulse"},{"n":9,"claim":"md12980-de3fa6a3","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Send it to all bureaus","plain_english":"Borrower credit data, past data included, must go to every credit bureau.","rbi_paragraph":"Para 10(1)","rbi_char_offset":7230,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p14","layer":"bankpulse"},{"n":10,"claim":"md12980-edc12219","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"KEY DATES","heading":"Weekly reporting dates","plain_english":"All India financial institutions must report credit data to credit information companies four times a month. The days are the 9th, the 16th, the 23rd and the last day.","rbi_paragraph":"Para 10(2)","rbi_char_offset":7522,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p15","layer":"bankpulse"},{"n":11,"claim":"md12980-e8ee7446","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"KEY DATES","heading":"Monthly data file","plain_english":"All India financial institutions must also send a full month-end credit data file. It goes to the credit information companies by the 5th of the next month.","rbi_paragraph":"Para 10(2)","rbi_char_offset":7670,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p16","layer":"bankpulse"},{"n":12,"claim":"md12980-ec1b87a9","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Leave no repayment out","plain_english":"Records must be kept current and no repayment, not even the last one, may go unreported.","rbi_paragraph":"Para 10(3)","rbi_char_offset":9548,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p17","layer":"bankpulse"},{"n":13,"claim":"md12980-52f87aa8","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Report the settlement reason","plain_english":"Where a compromise settlement is made, the case and the reason must be reported.","rbi_paragraph":"Para 12(2)","rbi_char_offset":10254,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p18","layer":"bankpulse"},{"n":14,"claim":"md12980-49287119","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Report a paper default","plain_english":"The paying agent must also report any failure to redeem the paper.","rbi_paragraph":"Para 12(5)","rbi_char_offset":11572,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p19","layer":"bankpulse"},{"n":15,"claim":"md12980-4cc16b08","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Bureaus explain cross reporting","plain_english":"Where one party is a borrower and the other a co-borrower, the bureau must set out the rule.","rbi_paragraph":"Para 12(9)","rbi_char_offset":13404,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p20","layer":"bankpulse"},{"n":16,"claim":"md12980-af4bad5d","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Report the KYC number","plain_english":"The central KYC number of a borrower must be reported wherever it is held.","rbi_paragraph":"Para 12(10)","rbi_char_offset":13736,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p21","layer":"bankpulse"},{"n":17,"claim":"md12980-82efbf59","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Report each group member","plain_english":"A lender to a self help group must report data for each member of the group.","rbi_paragraph":"Para 13(1)","rbi_char_offset":14002,"weight":"DO IT","role":"Compliance","team":null,"products_covered":["microfinance"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p22","layer":"bankpulse"},{"n":18,"claim":"md12980-4a739665","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHAT CHANGES","heading":"Trace members both ways","plain_english":"The report must let a bureau find every member of a group and every group of a member.","rbi_paragraph":"Para 13(3)","rbi_char_offset":16626,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p23","layer":"bankpulse"},{"n":19,"claim":"md12980-ae1a7b34","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Build the systems for it","plain_english":"Systems and software must be changed to collect and report group member data.","rbi_paragraph":"Para 13(4)","rbi_char_offset":16780,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p24","layer":"bankpulse"},{"n":20,"claim":"md12980-b17c6632","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"THE CORE IDEA","heading":"But the lender answers","plain_english":"Where it is given out, the lender must control the correctness of what is submitted.","rbi_paragraph":"Para 13(4)","rbi_char_offset":17513,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p25","layer":"bankpulse"},{"n":21,"claim":"md12980-aeecbc52","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Fix and resend rejected data","plain_english":"Data a bureau rejects must be corrected and sent again by the next reporting date.","rbi_paragraph":"Para 13(5)","rbi_char_offset":20392,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p26","layer":"bankpulse"},{"n":22,"claim":"md12980-946dba42","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHAT CHANGES","heading":"A data quality score","plain_english":"Bureaus must give each lender a data quality index for each segment.","rbi_paragraph":"Para 15","rbi_char_offset":20558,"weight":"DO IT","role":"Technology","team":null,"products_covered":["microfinance"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p27","layer":"bankpulse"},{"n":23,"claim":"md12980-26bf135c","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Keep to the statutory clock","plain_english":"The time limits in the Act for updating and correcting data and settling disputes must be met.","rbi_paragraph":"Para 17","rbi_char_offset":21221,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p28","layer":"bankpulse"},{"n":24,"claim":"md12980-8dc7b267","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Report delays to Board","plain_english":"Any breach of those time limits must be reported to the Board's customer service committee.","rbi_paragraph":"Para 17","rbi_char_offset":21509,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p29","layer":"bankpulse"},{"n":25,"claim":"md12980-1e7337f9","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"A way in for corrections","plain_english":"There must be a way for a customer to ask for his credit record to be corrected.","rbi_paragraph":"Para 18","rbi_char_offset":21691,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p30","layer":"bankpulse"},{"n":26,"claim":"md12980-138f81e0","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"THE CORE IDEA","heading":"Fix it at the source","plain_english":"Wrong data must be corrected by the lender that first sent it.","rbi_paragraph":"Para 18","rbi_char_offset":21828,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p31","layer":"bankpulse"},{"n":27,"claim":"md12980-6884103e","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Pull a report before lending","plain_english":"The loan policy must require credit reports to be taken before a credit decision.","rbi_paragraph":"Para 19","rbi_char_offset":22059,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p32","layer":"bankpulse"},{"n":28,"claim":"md12980-cf4ea4ed","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"KEY DATES","heading":"Update the list monthly","plain_english":"The list of possessed secured assets must be updated every month.","rbi_paragraph":"Para 20","rbi_char_offset":22635,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p33","layer":"bankpulse"},{"n":29,"claim":"md12980-792098de","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"Show what is possessed","plain_english":"Assets possessed under the enforcement Act must be shown.","rbi_paragraph":"Para 20(1)","rbi_char_offset":23477,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p34","layer":"bankpulse"},{"n":30,"claim":"md12980-fff4baaf","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"THE CORE IDEA","heading":"One common format","plain_english":"Reporting uses one non-proprietary format for everyone, the Uniform Credit Reporting Format.","rbi_paragraph":"Para 9","rbi_char_offset":6785,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p35","layer":"bankpulse"},{"n":31,"claim":"md12980-c8223504","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"THE CORE IDEA","heading":"What a full file holds","plain_english":"A full file holds every live account and every account closed since the last report.","rbi_paragraph":"Para 10(2)","rbi_char_offset":7813,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p36","layer":"bankpulse"},{"n":32,"claim":"md12980-d75532e1","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"KEY DATES","heading":"Three more dates a month","plain_english":"On the 9th, 16th and 23rd only new and changed accounts need be sent.","rbi_paragraph":"Para 10(2)","rbi_char_offset":8070,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p37","layer":"bankpulse"},{"n":33,"claim":"md12980-4dc66eca","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"THE CORE IDEA","heading":"No consent clause needed","plain_english":"Since the Act came into force, a borrower's consent to report is no longer needed.","rbi_paragraph":"Para 11","rbi_char_offset":9840,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p38","layer":"bankpulse"},{"n":34,"claim":"md12980-f9b86c73","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHAT CHANGES","heading":"Report the directors too","plain_english":"In the commercial segment the company number and the directors' credit history are reported.","rbi_paragraph":"Para 12(1)","rbi_char_offset":10115,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p39","layer":"bankpulse"},{"n":35,"claim":"md12980-b8e1aecb","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHAT CHANGES","heading":"Send part overdues raw","plain_english":"Part instalment overdues are sent as they stand; filtering is left to the user of the data.","rbi_paragraph":"Para 12(3)","rbi_char_offset":10456,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p40","layer":"bankpulse"},{"n":36,"claim":"md12980-f3e114e2","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"THE CORE IDEA","heading":"Settled means a waiver","plain_english":"The status settled is for cases where a waiver was given because the borrower could not pay.","rbi_paragraph":"Para 12(4)","rbi_char_offset":10642,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p41","layer":"bankpulse"},{"n":37,"claim":"md12980-c47c84ca","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"KEY DATES","heading":"Commercial paper twice a month","plain_english":"The paying agent reports commercial paper to the bureaus every fortnight.","rbi_paragraph":"Para 12(5)","rbi_char_offset":11134,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p42","layer":"bankpulse"},{"n":38,"claim":"md12980-5ce3ce08","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHAT CHANGES","heading":"Each agent reports its share","plain_english":"Where a paper has several agents, each reports the part it holds.","rbi_paragraph":"Para 12(5)","rbi_char_offset":11339,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p43","layer":"bankpulse"},{"n":39,"claim":"md12980-0c7f817f","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO IT APPLIES TO","heading":"Investors need not report","plain_english":"A lender that only invested in the paper need not report it.","rbi_paragraph":"Para 12(5)","rbi_char_offset":11723,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p44","layer":"bankpulse"},{"n":40,"claim":"md12980-c57ded9e","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"KEY DATES","heading":"Unhedged exposure twice a month","plain_english":"Unhedged foreign currency exposure of a borrower is reported every fortnight.","rbi_paragraph":"Para 12(6)","rbi_char_offset":11818,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p45","layer":"bankpulse"},{"n":41,"claim":"md12980-d6f6b212","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHAT CHANGES","heading":"Tribunal cases are suit filed","plain_english":"A case admitted to the insolvency tribunal is reported as a suit filed case.","rbi_paragraph":"Para 12(7)","rbi_char_offset":12226,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p46","layer":"bankpulse"},{"n":42,"claim":"md12980-9eb5a54c","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"KEY DATES","heading":"Monthly list of defaulters","plain_english":"Bureaus send RBI a monthly list of lenders not following the reporting rules.","rbi_paragraph":"Para 12(8)","rbi_char_offset":13255,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p47","layer":"bankpulse"},{"n":43,"claim":"md12980-4a542e8b","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHAT CHANGES","heading":"Outsourcing is allowed","plain_english":"Collecting and reporting group member data may be done in house or given out.","rbi_paragraph":"Para 13(4)","rbi_char_offset":17018,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p48","layer":"bankpulse"},{"n":44,"claim":"md12980-3668d03b","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHAT CHANGES","heading":"Non-compliance costs the target","plain_english":"Group loans reported wrongly stop counting towards the priority sector target.","rbi_paragraph":"Para 13(4)","rbi_char_offset":17988,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p49","layer":"bankpulse"},{"n":45,"claim":"md12980-e9325b1c","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO IT APPLIES TO","heading":"Savings from members are out","plain_english":"Lending among group members out of their own savings is not covered.","rbi_paragraph":"Para 13(5)","rbi_char_offset":18374,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p50","layer":"bankpulse"},{"n":46,"claim":"md12980-7f3511c1","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHO SHOULD ACT","heading":"A policy for reported defaults","plain_english":"A policy is needed for handling loan requests from members a bureau reports in default.","rbi_paragraph":"Para 13(5)","rbi_char_offset":19583,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p51","layer":"bankpulse"},{"n":47,"claim":"md12980-7fd27242","page_group":"Chapter III. Credit Information Reporting and Dissemination","stored_section":"WHAT CHANGES","heading":"Sold assets come off","plain_english":"An asset already sold under the enforcement Act need not stay on the website.","rbi_paragraph":"Para 20(1)","rbi_char_offset":22910,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p52","layer":"bankpulse"},{"n":1,"claim":"md12980-87295cec","page_group":"Chapter IV. Technical Working Group","stored_section":"WHO SHOULD ACT","heading":"A working group on formats","plain_english":"A technical working group must be formed to keep the data formats current.","rbi_paragraph":"Para 22","rbi_char_offset":26534,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p53","layer":"bankpulse"},{"n":2,"claim":"md12980-4a6ad93d","page_group":"Chapter IV. Technical Working Group","stored_section":"KEY DATES","heading":"Review the formats yearly","plain_english":"That group must review the reporting formats at least once a year.","rbi_paragraph":"Para 22(1)","rbi_char_offset":26634,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p54","layer":"bankpulse"},{"n":3,"claim":"md12980-a706eaef","page_group":"Chapter IV. Technical Working Group","stored_section":"KEY DATES","heading":"Meet once a year","plain_english":"The group must meet at least once in a calendar year.","rbi_paragraph":"Para 24","rbi_char_offset":27545,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p55","layer":"bankpulse"},{"n":4,"claim":"md12980-4d84d72e","page_group":"Chapter IV. Technical Working Group","stored_section":"KEY DATES","heading":"Sub-group meets twice a year","plain_english":"The sub-group must meet at least twice a year on reporting issues.","rbi_paragraph":"Para 28","rbi_char_offset":28980,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p56","layer":"bankpulse"},{"n":5,"claim":"md12980-85c2a4d9","page_group":"Chapter IV. Technical Working Group","stored_section":"WHO IT APPLIES TO","heading":"Everyone sits on it","plain_english":"The group draws members from every kind of lender and every bureau.","rbi_paragraph":"Para 23","rbi_char_offset":27116,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["housing-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p57","layer":"bankpulse"},{"n":6,"claim":"md12980-8349ce48","page_group":"Chapter IV. Technical Working Group","stored_section":"WHAT CHANGES","heading":"Bureaus convene by turn","plain_english":"The four bureaus take the chair by rotation, in alphabetical order.","rbi_paragraph":"Para 24","rbi_char_offset":27627,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p58","layer":"bankpulse"},{"n":7,"claim":"md12980-91416322","page_group":"Chapter IV. Technical Working Group","stored_section":"WHO SHOULD ACT","heading":"A sub-group of experts","plain_english":"A standing sub-group advises the working group on the technical side.","rbi_paragraph":"Para 25","rbi_char_offset":27768,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p59","layer":"bankpulse"},{"n":8,"claim":"md12980-bedbf92c","page_group":"Chapter IV. Technical Working Group","stored_section":"WHO SHOULD ACT","heading":"RBI clears its members","plain_english":"The convenor picks the sub-group's members with RBI's prior approval.","rbi_paragraph":"Para 27","rbi_char_offset":28746,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p60","layer":"bankpulse"},{"n":1,"claim":"md12980-71933834","page_group":"Chapter V. Customer Service and Grievance Redressal","stored_section":"WHAT CHANGES","heading":"₹100-a-day compensation","plain_english":"A complainant gets ₹100 per day if their complaint isn't resolved within 30 days.","rbi_paragraph":"Para 34(1)","rbi_char_offset":32313,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p61","layer":"bankpulse"},{"n":2,"claim":"md12980-3ab68b57","page_group":"Chapter V. Customer Service and Grievance Redressal","stored_section":"WHAT CHANGES","heading":"Five-day payout","plain_english":"Compensation must reach the complainant's bank account within 5 working days of resolution.","rbi_paragraph":"Para 34(9)","rbi_char_offset":44109,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p62","layer":"bankpulse"},{"n":3,"claim":"md12980-4374993a","page_group":"Chapter V. Customer Service and Grievance Redressal","stored_section":"WHO SHOULD ACT","heading":"Complaints officer","plain_english":"Every all India financial institution must have a dedicated officer for customer credit-data complaints.","rbi_paragraph":"Para 33(2)","rbi_char_offset":30930,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p63","layer":"bankpulse"},{"n":4,"claim":"md12980-c8682350","page_group":"Chapter V. Customer Service and Grievance Redressal","stored_section":"WHO SHOULD ACT","heading":"Root cause analysis","plain_english":"All India financial institutions must do a root cause analysis of complaints at least twice a year.","rbi_paragraph":"Para 33(4)","rbi_char_offset":31781,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p64","layer":"bankpulse"},{"n":1,"claim":"md12980-99f293b4","page_group":"Chapter VI. Best Practices","stored_section":"WHO SHOULD ACT","heading":"First-time borrowers","plain_english":"All India financial institutions should not reject first-time borrowers just for having no credit history.","rbi_paragraph":"Para 35(5)","rbi_char_offset":46551,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p65","layer":"bankpulse"},{"n":1,"claim":"md12980-69fcda86","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Older rules cancelled","plain_english":"This cancels all earlier RBI rules on credit information reporting for commercial banks.","rbi_paragraph":"Para 36","rbi_char_offset":46978,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p66","layer":"bankpulse"},{"n":2,"claim":"md12980-0d029c7d","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old actions preserved","plain_english":"Action already started under the old rules stays governed by those old rules.","rbi_paragraph":"Para 37","rbi_char_offset":47411,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p67","layer":"bankpulse"},{"n":3,"claim":"md12980-13edf821","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHO SHOULD ACT","heading":"RBI's reading final","plain_english":"RBI's reading of these Directions is final and binding on everyone.","rbi_paragraph":"Para 39","rbi_char_offset":48963,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12980#p68","layer":"bankpulse"}],"actions":[],"amendments":[{"id":"nt13186","title":"Reserve Bank of India (All India Financial Institutions – Credit Information Reporting) Amendment Directions, 2025","date":"Dec 04, 2025","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13186&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."}