{"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":"md13010","title":"Reserve Bank of India (Rural Co-operative Banks - Voluntary Amalgamation) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13010","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":"md13010","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/md13010.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13010","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:20:06 UTC","text_sha256":"c00ac6b302b07cc122a40318f05dba0e4daf44f9dfa3842015b6918e7859351f","word_count":2252,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":28,"points_naming_an_rbi_paragraph":28,"points_stored":28,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13010-1840df20","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"In force at once","plain_english":"These Directions came into force with immediate effect.","rbi_paragraph":"Para 2","rbi_char_offset":2990,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p1","layer":"bankpulse"},{"n":2,"claim":"md13010-79c0fbad","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These Directions cover a district central co-operative bank merging with its state co-operative bank, or with another district bank.","rbi_paragraph":"Para 6(1)","rbi_char_offset":4684,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p2","layer":"bankpulse"},{"n":1,"claim":"md13010-42cb7814","page_group":"Chapter II. Approval by Shareholders","stored_section":"WHAT CHANGES","heading":"A general body vote","plain_english":"Shareholders of each bank approve by two-thirds in number and value, present and voting at a general body meeting.","rbi_paragraph":"Para 7","rbi_char_offset":4930,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p3","layer":"bankpulse"},{"n":2,"claim":"md13010-138edc3d","page_group":"Chapter II. Approval by Shareholders","stored_section":"WHAT CHANGES","heading":"Three weeks of notices","plain_english":"Meeting notices run weekly for three consecutive weeks in at least two local newspapers.","rbi_paragraph":"Para 8","rbi_char_offset":5238,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p4","layer":"bankpulse"},{"n":1,"claim":"md13010-01b18bcd","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"Strong numbers required","plain_english":"The merged bank needs capital above the minimum, gross bad loans below 7 per cent and net below 5 per cent.","rbi_paragraph":"Para 9(1)(ii)(b)","rbi_char_offset":7215,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p5","layer":"bankpulse"},{"n":2,"claim":"md13010-65a92ba8","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"A new board quickly","plain_english":"A new board must be formed within three months of the merger.","rbi_paragraph":"Para 9(1)(iii)(h)","rbi_char_offset":10613,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"Two rural co-operative banks merge at the start of April. A new board must be formed within three months of the merger. So it must be in place by the start of July.","anchor":"https://bankpulse.ai/rule/md13010#p6","layer":"bankpulse"},{"n":3,"claim":"md13010-cbd62911","page_group":"Chapter III. Approval by RBI","stored_section":"WHO SHOULD ACT","heading":"NABARD checks first","plain_english":"NABARD must examine and recommend the state's proposal before it reaches RBI.","rbi_paragraph":"Para 9(1)(i)(b)","rbi_char_offset":6508,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p7","layer":"bankpulse"},{"n":4,"claim":"md13010-7e9b23aa","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"No court shadow","plain_english":"The proposal must be lawful, and the state must verify no court order blocks or stays the merger.","rbi_paragraph":"Para 9(1)(ii)(a)","rbi_char_offset":6928,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p8","layer":"bankpulse"},{"n":5,"claim":"md13010-1ef4853f","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"Viable on its own","plain_english":"After the merger, the bank must be profit making and financially viable on a sustained basis.","rbi_paragraph":"Para 9(1)(ii)(b)","rbi_char_offset":7345,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p9","layer":"bankpulse"},{"n":6,"claim":"md13010-fa8d39ae","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"Fraud losses provided first","plain_english":"Full provision must be made for asset losses from frauds or misappropriation before net assets are valued.","rbi_paragraph":"Para 9(1)(iii)(d)","rbi_char_offset":9047,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p10","layer":"bankpulse"},{"n":7,"claim":"md13010-459d2691","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"Capital rules continue","plain_english":"After the merger, the bank must keep meeting RBI's capital ratio norms as they stand from time to time.","rbi_paragraph":"Para 9(1)(iii)(e)","rbi_char_offset":9301,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p11","layer":"bankpulse"},{"n":8,"claim":"md13010-4cc28635","page_group":"Chapter III. Approval by RBI","stored_section":"WHO SHOULD ACT","heading":"A fit and proper chief","plain_english":"The new chief executive must pass RBI's fit and proper test.","rbi_paragraph":"Para 9(1)(iii)(h)","rbi_char_offset":10715,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p12","layer":"bankpulse"},{"n":9,"claim":"md13010-6e147be7","page_group":"Chapter III. Approval by RBI","stored_section":"THE CORE IDEA","heading":"RBI decides with NABARD","plain_english":"RBI examines the proposal in consultation with NABARD, and approval comes in two stages.","rbi_paragraph":"Para 9","rbi_char_offset":5596,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["agriculture-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p13","layer":"bankpulse"},{"n":10,"claim":"md13010-a50c1790","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"Through the portal","plain_english":"The state government submits the proposal and papers through the PRAVAAH portal.","rbi_paragraph":"Para 9(1)","rbi_char_offset":5899,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p14","layer":"bankpulse"},{"n":11,"claim":"md13010-5dd09c78","page_group":"Chapter III. Approval by RBI","stored_section":"WHO SHOULD ACT","heading":"The state leads","plain_english":"The state government makes the proposal, with a legal study, a capital plan and an assurance of support.","rbi_paragraph":"Para 9(1)(i)(a)","rbi_char_offset":6101,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p15","layer":"bankpulse"},{"n":12,"claim":"md13010-a91a3ffc","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"A clean record","plain_english":"The acquiring bank needs a satisfactory record of regulatory and supervisory compliance.","rbi_paragraph":"Para 9(1)(ii)(c)","rbi_char_offset":7452,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p16","layer":"bankpulse"},{"n":13,"claim":"md13010-314bb645","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"A three-way agreement","plain_english":"The banks and the state government sign a memorandum covering governance, management, staff and the swap method.","rbi_paragraph":"Para 9(1)(iii)(a)","rbi_char_offset":7634,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p17","layer":"bankpulse"},{"n":14,"claim":"md13010-25e09472","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"Net worth by the book","plain_english":"Net worth of both banks is computed under RBI's rural co-operative banks miscellaneous directions.","rbi_paragraph":"Para 9(1)(iii)(a)","rbi_char_offset":8047,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p18","layer":"bankpulse"},{"n":15,"claim":"md13010-c2205341","page_group":"Chapter III. Approval by RBI","stored_section":"WHO SHOULD ACT","heading":"Accountants do the diligence","plain_english":"Chartered accountants carry out the due diligence on the banks being absorbed.","rbi_paragraph":"Para 9(1)(iii)(b)","rbi_char_offset":8243,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p19","layer":"bankpulse"},{"n":16,"claim":"md13010-e64445d5","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"A registered valuer prices it","plain_english":"The share swap ratio comes from a chartered accountant firm registered with the insolvency board as valuers.","rbi_paragraph":"Para 9(1)(iii)(b)","rbi_char_offset":8595,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p20","layer":"bankpulse"},{"n":17,"claim":"md13010-44a93387","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"At least one share each","plain_english":"If some shareholders would get nothing, the state government puts in capital so each gets at least one share.","rbi_paragraph":"Para 9(1)(iii)(c)","rbi_char_offset":8906,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p21","layer":"bankpulse"},{"n":18,"claim":"md13010-cc3d5f44","page_group":"Chapter III. Approval by RBI","stored_section":"IMPACT","heading":"Depositors get notice","plain_english":"Depositors of the absorbed banks get notice time to decide whether to keep their deposits.","rbi_paragraph":"Para 9(1)(iii)(j)","rbi_char_offset":11388,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p22","layer":"bankpulse"},{"n":19,"claim":"md13010-a9c939e3","page_group":"Chapter III. Approval by RBI","stored_section":"IMPACT","heading":"No exit penalty","plain_english":"A depositor who leaves within that window pays no early withdrawal penalty.","rbi_paragraph":"Para 9(1)(iii)(j)","rbi_char_offset":11530,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p23","layer":"bankpulse"},{"n":20,"claim":"md13010-e37edad4","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"Deposit insurance clearance","plain_english":"Final approval needs the deposit insurance body's clearance for the merger.","rbi_paragraph":"Para 9(2)","rbi_char_offset":12366,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p24","layer":"bankpulse"},{"n":1,"claim":"md13010-9e68e915","page_group":"Chapter IV. Implementation of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"Old licences handed back","plain_english":"Licences of the absorbed banks go back to RBI within three months.","rbi_paragraph":"Para 12(2)","rbi_char_offset":13093,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p25","layer":"bankpulse"},{"n":2,"claim":"md13010-c2cbaae6","page_group":"Chapter IV. Implementation of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"Every branch relicensed","plain_english":"The bank must apply for licences for every absorbed branch within three months.","rbi_paragraph":"Para 12(3)","rbi_char_offset":13188,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p26","layer":"bankpulse"},{"n":3,"claim":"md13010-ce17f627","page_group":"Chapter IV. Implementation of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"The licence carries on","plain_english":"The buying bank's own licence simply continues after the merger.","rbi_paragraph":"Para 11","rbi_char_offset":12798,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p27","layer":"bankpulse"},{"n":1,"claim":"md13010-eca96d17","page_group":"Chapter V. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old rules swept away","plain_english":"The old merger guidance for rural co-operative banks stands repealed.","rbi_paragraph":"Para 13","rbi_char_offset":14343,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13010#p28","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."}