{"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":"md12994","title":"Reserve Bank of India (Rural Co-operative Banks – Asset Liability Management) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md12994","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":"Rural co-operative banks","class_code":"RURAL_COOP","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md12994","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/md12994.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=12994","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:19:41 UTC","text_sha256":"1982af5798794161b9e6c4da2f029896017b5bbf4937140ddeb93c583b740f7c","word_count":3588,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":51,"points_naming_an_rbi_paragraph":51,"points_stored":51,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md12994-06b718a8","page_group":"Opening paragraphs","stored_section":"THE CORE IDEA","heading":"What this book does","plain_english":"This book sets how a rural co-operative bank must manage its assets against its liabilities.","rbi_paragraph":"Opening paragraphs","rbi_char_offset":3489,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p1","layer":"bankpulse"},{"n":1,"claim":"md12994-b326a20c","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Start date","plain_english":"These rules took effect from the date RBI issued them.","rbi_paragraph":"Para 2","rbi_char_offset":3735,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p2","layer":"bankpulse"},{"n":2,"claim":"md12994-fdeadebf","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These rules apply to every rural co-operative bank.","rbi_paragraph":"Para 3","rbi_char_offset":3818,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p3","layer":"bankpulse"},{"n":3,"claim":"md12994-9c805314","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"Words from the Acts","plain_english":"Any other word takes its meaning from the Banking Regulation Act or the RBI Act.","rbi_paragraph":"Para 5","rbi_char_offset":4695,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p4","layer":"bankpulse"},{"n":1,"claim":"md12994-b4973632","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Tell the stakeholders","plain_english":"The board must give the bank's stakeholders enough information.","rbi_paragraph":"Para 8","rbi_char_offset":5472,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p5","layer":"bankpulse"},{"n":2,"claim":"md12994-786c7fed","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Stay inside the limits","plain_english":"The bank's strategy must keep it inside the limits the board set.","rbi_paragraph":"Para 10","rbi_char_offset":5822,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p6","layer":"bankpulse"},{"n":3,"claim":"md12994-d6a88443","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"The board owns the risk","plain_english":"The board carries overall responsibility for risk. It decides the risk management policy.","rbi_paragraph":"Para 6","rbi_char_offset":5040,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p7","layer":"bankpulse"},{"n":4,"claim":"md12994-9f28c80a","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"A committee to watch it","plain_english":"A committee of the board oversees how the system is put in place.","rbi_paragraph":"Para 7","rbi_char_offset":5283,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p8","layer":"bankpulse"},{"n":5,"claim":"md12994-3c98cb94","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Limits on running gaps","plain_english":"The board approves limits on the running total of mismatches across every time bucket.","rbi_paragraph":"Para 9","rbi_char_offset":5609,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p9","layer":"bankpulse"},{"n":6,"claim":"md12994-1fbbd607","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Sign off the trading book","plain_english":"The board or the committee approves the size, mix, holding period and cut-loss of the trading book.","rbi_paragraph":"Para 11","rbi_char_offset":5965,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p10","layer":"bankpulse"},{"n":7,"claim":"md12994-b239903e","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Limits on each gap","plain_english":"The board approves limits on each gap in the interest rate sensitivity statement.","rbi_paragraph":"Para 12","rbi_char_offset":6169,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p11","layer":"bankpulse"},{"n":1,"claim":"md12994-26b41a43","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"THE CORE IDEA","heading":"A moving frame","plain_english":"The system must give a full and moving frame for measuring and managing these risks.","rbi_paragraph":"Para 14","rbi_char_offset":6873,"weight":"DO IT","role":"Technology","team":null,"products_covered":["foreign-exchange"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p12","layer":"bankpulse"},{"n":2,"claim":"md12994-5b4b1beb","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"IMPACT","heading":"Better business decisions","plain_english":"The work should build risk discipline into the bank's business decisions.","rbi_paragraph":"Para 15","rbi_char_offset":7160,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p13","layer":"bankpulse"},{"n":3,"claim":"md12994-71e2ab1a","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHO SHOULD ACT","heading":"Make it a strategic tool","plain_english":"The system should grow into a tool management uses, with the risk policies and tolerances set out plainly.","rbi_paragraph":"Para 16","rbi_char_offset":7413,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p14","layer":"bankpulse"},{"n":4,"claim":"md12994-ea9ce0bb","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHAT CHANGES","heading":"What the process covers","plain_english":"The process must plan and control the flow, mix, cost and yield of the balance sheet.","rbi_paragraph":"Para 17","rbi_char_offset":7556,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p15","layer":"bankpulse"},{"n":5,"claim":"md12994-075ec1cb","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHO SHOULD ACT","heading":"Work inside the policy","plain_english":"Operations must sit inside the risk policies and tolerances the board approved.","rbi_paragraph":"Para 19","rbi_char_offset":8525,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p16","layer":"bankpulse"},{"n":6,"claim":"md12994-c8480785","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHO SHOULD ACT","heading":"Disclose the risks","plain_english":"Risk disclosures must go alongside the balance sheet, the income statement and the cash flow statement.","rbi_paragraph":"Para 20","rbi_char_offset":8903,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p17","layer":"bankpulse"},{"n":7,"claim":"md12994-25685774","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHO SHOULD ACT","heading":"Set up an ALCO","plain_english":"A bank must set up a committee of senior management, including the chief executive, that meets regularly.","rbi_paragraph":"Para 21","rbi_char_offset":9155,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p18","layer":"bankpulse"},{"n":8,"claim":"md12994-12c5a0f3","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHO SHOULD ACT","heading":"Train the nodal officer","plain_english":"The bank sets how often the committee meets and must build the skills of its nodal officer.","rbi_paragraph":"Para 27","rbi_char_offset":11985,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p19","layer":"bankpulse"},{"n":9,"claim":"md12994-f98f949e","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHAT CHANGES","heading":"Three pillars","plain_english":"The system rests on information, organisation and process.","rbi_paragraph":"Para 18","rbi_char_offset":8353,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p20","layer":"bankpulse"},{"n":10,"claim":"md12994-a5eb788d","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHAT CHANGES","heading":"Who sits on it","plain_english":"Its size follows the bank's business mix and how complex the organisation is.","rbi_paragraph":"Para 22","rbi_char_offset":9386,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p21","layer":"bankpulse"},{"n":11,"claim":"md12994-842d07f5","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHO SHOULD ACT","heading":"The support group","plain_english":"Operating staff form a support group. It studies the risk profile and reports it to the committee.","rbi_paragraph":"Para 23","rbi_char_offset":9846,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p22","layer":"bankpulse"},{"n":12,"claim":"md12994-d281356a","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHAT CHANGES","heading":"What the ALCO decides","plain_english":"The committee plans the balance sheet for risk and return.","rbi_paragraph":"Para 24","rbi_char_offset":10218,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p23","layer":"bankpulse"},{"n":13,"claim":"md12994-e8c0cadc","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHAT CHANGES","heading":"What is on its agenda","plain_english":"Its agenda starts with reviewing what was decided at the last meeting.","rbi_paragraph":"Para 25","rbi_char_offset":10612,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p24","layer":"bankpulse"},{"n":14,"claim":"md12994-9da54174","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHAT CHANGES","heading":"Add what you need","plain_english":"That agenda is an example, not a limit. A bank adds what its own case needs.","rbi_paragraph":"Para 26","rbi_char_offset":11588,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p25","layer":"bankpulse"},{"n":1,"claim":"md12994-00ba9959","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Measure it all the time","plain_english":"Management must measure liquidity continuously and test it under different assumptions.","rbi_paragraph":"Para 29","rbi_char_offset":12537,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p26","layer":"bankpulse"},{"n":2,"claim":"md12994-f130f2f2","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Track the running total","plain_english":"A bank must watch its running mismatch across every bucket against board-approved limits.","rbi_paragraph":"Para 34","rbi_char_offset":14207,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p27","layer":"bankpulse"},{"n":3,"claim":"md12994-29936a58","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"The maturity ladder","plain_english":"The maturity ladder measures net funding needs, through the Structural Liquidity Statement.","rbi_paragraph":"Para 30","rbi_char_offset":12806,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p28","layer":"bankpulse"},{"n":4,"claim":"md12994-a6a1d830","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Fixed time buckets","plain_english":"The maturity profile sets the buckets used to measure future cash flows.","rbi_paragraph":"Para 31","rbi_char_offset":13050,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p29","layer":"bankpulse"},{"n":5,"claim":"md12994-d2b14e24","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Place flows when they fall","plain_english":"Every inflow and outflow sits in the bucket where it is expected.","rbi_paragraph":"Para 32","rbi_char_offset":13454,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p30","layer":"bankpulse"},{"n":6,"claim":"md12994-5430b874","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"IMPACT","heading":"The first two buckets","plain_english":"The short buckets matter most, and the negative gap there is capped.","rbi_paragraph":"Para 33","rbi_char_offset":13966,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p31","layer":"bankpulse"},{"n":7,"claim":"md12994-2c24e160","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Permanent by residual","plain_english":"Statutory liquidity securities and other permanent investments sit in the bucket matching their remaining maturity.","rbi_paragraph":"Para 35","rbi_char_offset":14395,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p32","layer":"bankpulse"},{"n":8,"claim":"md12994-6b3421c2","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Sign off that book too","plain_english":"The board or the committee approves the size, mix, holding period and cut-loss of the current category.","rbi_paragraph":"Para 37","rbi_char_offset":15234,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p33","layer":"bankpulse"},{"n":9,"claim":"md12994-e7533350","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Who may use the window","plain_english":"A scheduled state co-operative bank on core banking, meeting the capital test, may use RBI's liquidity windows.","rbi_paragraph":"Para 39","rbi_char_offset":16036,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A state co-operative bank runs Core Banking Solution and holds a capital ratio of 11 per cent. That is at least 9 per cent, so it may use the window. A bank at 8 per cent may not.","anchor":"https://bankpulse.ai/rule/md12994#p34","layer":"bankpulse"},{"n":10,"claim":"md12994-83069c26","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"A published eligible list","plain_english":"RBI's Department of Regulation tells the markets department which banks are eligible.","rbi_paragraph":"Para 41","rbi_char_offset":16511,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p35","layer":"bankpulse"},{"n":11,"claim":"md12994-f910f04d","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"The list is kept current","plain_english":"That eligibility is reviewed as it goes, to see the capital test is still met.","rbi_paragraph":"Para 42","rbi_char_offset":16733,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p36","layer":"bankpulse"},{"n":1,"claim":"md12994-3c27db6d","page_group":"Chapter V. Interest Rate Risk (IRR) Management","stored_section":"THE CORE IDEA","heading":"Two ways to see it","plain_english":"Interest rate risk hits reported profit at once through the earnings view.","rbi_paragraph":"Para 43","rbi_char_offset":16962,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p37","layer":"bankpulse"},{"n":2,"claim":"md12994-498c2514","page_group":"Chapter V. Interest Rate Risk (IRR) Management","stored_section":"WHO SHOULD ACT","heading":"Move on when ready","plain_english":"A bank is expected to build the skill to move to modern measurement techniques.","rbi_paragraph":"Para 44","rbi_char_offset":17638,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p38","layer":"bankpulse"},{"n":3,"claim":"md12994-33bddd6f","page_group":"Chapter V. Interest Rate Risk (IRR) Management","stored_section":"WHO SHOULD ACT","heading":"Work it out by date","plain_english":"Gaps are worked out over time intervals as at a given date, through the rate sensitivity statement.","rbi_paragraph":"Para 45","rbi_char_offset":17900,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p39","layer":"bankpulse"},{"n":4,"claim":"md12994-1e07b616","page_group":"Chapter V. Interest Rate Risk (IRR) Management","stored_section":"WHAT CHANGES","heading":"What the report shows","plain_english":"The gap report separates assets and liabilities into buckets by residual maturity.","rbi_paragraph":"Para 47","rbi_char_offset":18481,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p40","layer":"bankpulse"},{"n":5,"claim":"md12994-54308b79","page_group":"Chapter V. Interest Rate Risk (IRR) Management","stored_section":"WHAT CHANGES","heading":"Group by the earlier date","plain_english":"Items are grouped by residual maturity or by the next repricing date, whichever comes first.","rbi_paragraph":"Para 48","rbi_char_offset":18875,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p41","layer":"bankpulse"},{"n":6,"claim":"md12994-fe333efa","page_group":"Chapter V. Interest Rate Risk (IRR) Management","stored_section":"IMPACT","heading":"Which way the gap cuts","plain_english":"A positive gap may gain from rising rates. A negative gap does not.","rbi_paragraph":"Para 50","rbi_char_offset":19518,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p42","layer":"bankpulse"},{"n":7,"claim":"md12994-48130679","page_group":"Chapter V. Interest Rate Risk (IRR) Management","stored_section":"WHO SHOULD ACT","heading":"Limits with board approval","plain_english":"The board or the committee approves a limit on each gap.","rbi_paragraph":"Para 51","rbi_char_offset":19744,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p43","layer":"bankpulse"},{"n":1,"claim":"md12994-eb81bd1d","page_group":"Chapter VI. General","stored_section":"WHO SHOULD ACT","heading":"Study the behaviour","plain_english":"A bank must build a way, backed by studies, to estimate how its assets and liabilities behave.","rbi_paragraph":"Para 53","rbi_char_offset":20762,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p44","layer":"bankpulse"},{"n":2,"claim":"md12994-847a73f1","page_group":"Chapter VI. General","stored_section":"WHO SHOULD ACT","heading":"Price funds internally","plain_english":"A bank must follow a clear transfer pricing system for pricing assets and liabilities.","rbi_paragraph":"Para 54","rbi_char_offset":21043,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p45","layer":"bankpulse"},{"n":3,"claim":"md12994-d06cc3bb","page_group":"Chapter VI. General","stored_section":"WHO SHOULD ACT","heading":"Disclose to the market","plain_english":"The board must see that enough financial information reaches stakeholders.","rbi_paragraph":"Para 55","rbi_char_offset":21739,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p46","layer":"bankpulse"},{"n":1,"claim":"md12994-895e5b50","page_group":"Chapter VII. Monitoring and Reporting","stored_section":"KEY DATES","heading":"Quarterly returns","plain_english":"The two returns may be sent quarterly.","rbi_paragraph":"Para 56","rbi_char_offset":22138,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p47","layer":"bankpulse"},{"n":1,"claim":"md12994-a795eabd","page_group":"Chapter VIII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old instructions repealed","plain_english":"The old rules on this subject were repealed by RBI's own circular.","rbi_paragraph":"Para 57","rbi_char_offset":22536,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p48","layer":"bankpulse"},{"n":2,"claim":"md12994-34cd0eed","page_group":"Chapter VIII. 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 58","rbi_char_offset":22913,"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/md12994#p49","layer":"bankpulse"},{"n":3,"claim":"md12994-9d276afe","page_group":"Chapter VIII. 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 59","rbi_char_offset":23981,"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/md12994#p50","layer":"bankpulse"},{"n":4,"claim":"md12994-383b10a3","page_group":"Chapter VIII. Repeal and Other Provisions","stored_section":"WHO SHOULD ACT","heading":"RBI's reading is final","plain_english":"RBI may clear up doubts, and its reading of any clause is final.","rbi_paragraph":"Para 60","rbi_char_offset":24186,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md12994#p51","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."}