{"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":"md13020","title":"Reserve Bank of India (Urban Co-operative Banks – Asset Liability Management) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13020","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":"Urban co-operative banks","class_code":"UCB","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13020","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/md13020.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13020","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:19:00 UTC","text_sha256":"4ea1c7536cb9e22b72781537b37e09ab088ffc082b20bd745a4704182cc6126f","word_count":4253,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":54,"points_naming_an_rbi_paragraph":54,"points_stored":54,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13020-06b718a8","page_group":"Opening paragraphs","stored_section":"THE CORE IDEA","heading":"What this book does","plain_english":"This book sets how an urban co-operative bank must manage its assets against its liabilities.","rbi_paragraph":"Opening paragraphs","rbi_char_offset":4206,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p1","layer":"bankpulse"},{"n":1,"claim":"md13020-37b879b5","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":4454,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p2","layer":"bankpulse"},{"n":2,"claim":"md13020-b9df2082","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These rules apply to every urban co-operative bank.","rbi_paragraph":"Para 3","rbi_char_offset":4538,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p3","layer":"bankpulse"},{"n":3,"claim":"md13020-1ec60c53","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":5888,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p4","layer":"bankpulse"},{"n":1,"claim":"md13020-af4e7342","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Put the statements up","plain_english":"The board must be shown the statements this book requires.","rbi_paragraph":"Para 10","rbi_char_offset":7282,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p5","layer":"bankpulse"},{"n":2,"claim":"md13020-c36c8cff","page_group":"Chapter II. Role of the Board","stored_section":"WHAT CHANGES","heading":"It may delegate","plain_english":"The board may hand these duties to a Board of Management where the bank has formed one.","rbi_paragraph":"Para 7","rbi_char_offset":6691,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p6","layer":"bankpulse"},{"n":3,"claim":"md13020-7636f46c","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 8","rbi_char_offset":6954,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p7","layer":"bankpulse"},{"n":4,"claim":"md13020-aabc1fd6","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Sign off the trading book","plain_english":"The board approves the size, mix, holding period and cut-loss of the trading book.","rbi_paragraph":"Para 9","rbi_char_offset":7143,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p8","layer":"bankpulse"},{"n":5,"claim":"md13020-8391861d","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, set against total assets, earning assets or equity.","rbi_paragraph":"Para 11","rbi_char_offset":7393,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p9","layer":"bankpulse"},{"n":1,"claim":"md13020-4cc000c5","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHO SHOULD ACT","heading":"Put a system in place","plain_english":"A bank must run a working system to handle liquidity risk, interest rate risk and currency risk.","rbi_paragraph":"Para 14","rbi_char_offset":8105,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p10","layer":"bankpulse"},{"n":2,"claim":"md13020-c2df66db","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHO SHOULD ACT","heading":"Policy and control","plain_english":"Risk policies, procedures and limits support it. Senior management must build sound internal control.","rbi_paragraph":"Para 18","rbi_char_offset":9707,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p11","layer":"bankpulse"},{"n":3,"claim":"md13020-cfff56b4","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHO SHOULD ACT","heading":"Set up an ALCO","plain_english":"A bank must form a committee headed by the chief executive or the secretary.","rbi_paragraph":"Para 19","rbi_char_offset":9968,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p12","layer":"bankpulse"},{"n":4,"claim":"md13020-3056cdc8","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHO SHOULD ACT","heading":"Stay inside the limits","plain_english":"Every operation must stay inside the limits the board set.","rbi_paragraph":"Para 21","rbi_char_offset":11114,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p13","layer":"bankpulse"},{"n":5,"claim":"md13020-32e1bbed","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHO IT APPLIES TO","heading":"Not for the smallest","plain_english":"This chapter does not bind a Level 1 bank unless it says so.","rbi_paragraph":"Para 13","rbi_char_offset":8000,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p14","layer":"bankpulse"},{"n":6,"claim":"md13020-0d8b7037","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"THE CORE IDEA","heading":"A moving frame","plain_english":"The work gives a moving frame for measuring and managing liquidity, interest rate and forex risk.","rbi_paragraph":"Para 15","rbi_char_offset":8235,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["foreign-exchange"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p15","layer":"bankpulse"},{"n":7,"claim":"md13020-9c63c68d","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"THE CORE IDEA","heading":"A floor, not a ceiling","plain_english":"These rules are the benchmark. A bank with a better system may keep it.","rbi_paragraph":"Para 16","rbi_char_offset":8543,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p16","layer":"bankpulse"},{"n":8,"claim":"md13020-3d9e1d6c","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 17","rbi_char_offset":9153,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p17","layer":"bankpulse"},{"n":9,"claim":"md13020-6f89e125","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 20","rbi_char_offset":10489,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p18","layer":"bankpulse"},{"n":10,"claim":"md13020-4a254d73","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHAT CHANGES","heading":"Who sits on it","plain_english":"The size and make-up of the committee follow the size and business of the bank.","rbi_paragraph":"Para 22","rbi_char_offset":11597,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p19","layer":"bankpulse"},{"n":11,"claim":"md13020-e89b6952","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHO SHOULD ACT","heading":"The support group","plain_english":"Operating staff form support groups. They study the risk profile and report it to the committee.","rbi_paragraph":"Para 23","rbi_char_offset":12144,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p20","layer":"bankpulse"},{"n":12,"claim":"md13020-8b72d53d","page_group":"Chapter III. Asset Liability Management Governance","stored_section":"WHAT CHANGES","heading":"What ALM covers","plain_english":"The work covers liquidity risk, interest rate risk and trading risk.","rbi_paragraph":"Para 24","rbi_char_offset":12530,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p21","layer":"bankpulse"},{"n":1,"claim":"md13020-d38b03c8","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Split the first bucket","plain_english":"A scheduled bank must break the 1 to 14 day bucket into finer pieces.","rbi_paragraph":"Para 33","rbi_char_offset":15249,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A scheduled urban co-operative bank cannot leave the 1 to 14 day bucket whole. It splits into next day, 2 to 7 days, and 8 to 14 days. Three buckets replace one.","anchor":"https://bankpulse.ai/rule/md13020#p22","layer":"bankpulse"},{"n":2,"claim":"md13020-9967e37d","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"A published eligible list","plain_english":"RBI publishes which scheduled banks may use those windows and which may not.","rbi_paragraph":"Para 42","rbi_char_offset":18453,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p23","layer":"bankpulse"},{"n":3,"claim":"md13020-adb9aecd","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Measure it all the time","plain_english":"A bank must measure liquidity continuously. It must test how that position would look under stress.","rbi_paragraph":"Para 25","rbi_char_offset":12860,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p24","layer":"bankpulse"},{"n":4,"claim":"md13020-510937cf","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 30","rbi_char_offset":14515,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p25","layer":"bankpulse"},{"n":5,"claim":"md13020-a13cc682","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Count the forex flows","plain_english":"A bank dealing in foreign exchange must count those rupee flows in its liquidity statement.","rbi_paragraph":"Para 37","rbi_char_offset":16845,"weight":"DO IT","role":"All staff","team":null,"products_covered":["foreign-exchange"],"products_excluded":[],"bankpulse_example":"A bank licensed to deal in foreign exchange sells dollars for rupees. The rupee inflows and outflows from that business must go into the liquidity statement. Leaving them out understates the picture.","anchor":"https://bankpulse.ai/rule/md13020#p26","layer":"bankpulse"},{"n":6,"claim":"md13020-0f5a73b8","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Static, not hopeful","plain_english":"The liquidity statement is drawn without counting on future business growth.","rbi_paragraph":"Para 27","rbi_char_offset":13514,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p27","layer":"bankpulse"},{"n":7,"claim":"md13020-a5322913","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Two maturity profiles","plain_english":"Scheduled and non-scheduled banks use different maturity profiles to capture their cash flows.","rbi_paragraph":"Para 28","rbi_char_offset":13744,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p28","layer":"bankpulse"},{"n":8,"claim":"md13020-7b0a7956","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 29","rbi_char_offset":14170,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p29","layer":"bankpulse"},{"n":9,"claim":"md13020-e2d37162","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Set tolerance levels","plain_english":"Tolerance for mismatch is fixed from the bank's own profile, its business and its plans.","rbi_paragraph":"Para 31","rbi_char_offset":14680,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p30","layer":"bankpulse"},{"n":10,"claim":"md13020-eacef925","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Show securities by residual","plain_english":"Statutory liquidity securities and other investments sit in the bucket matching their remaining maturity.","rbi_paragraph":"Para 34","rbi_char_offset":15735,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p31","layer":"bankpulse"},{"n":11,"claim":"md13020-3fad5eba","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"ALCO signs off the book","plain_english":"The committee, or the board at a Level 1 bank, approves the trading book's size, mix and holding period.","rbi_paragraph":"Para 36","rbi_char_offset":16683,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p32","layer":"bankpulse"},{"n":12,"claim":"md13020-ceaa4281","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Estimate the near term","plain_english":"Short-term liquidity is estimated from business projections and other commitments.","rbi_paragraph":"Para 39","rbi_char_offset":17475,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p33","layer":"bankpulse"},{"n":13,"claim":"md13020-f5af27bb","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"An extra liquidity window","plain_english":"RBI's liquidity and marginal standing facilities are open to scheduled banks as another source.","rbi_paragraph":"Para 40","rbi_char_offset":17899,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p34","layer":"bankpulse"},{"n":14,"claim":"md13020-4b802f1a","page_group":"Chapter IV. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"The list is kept current","plain_english":"RBI reviews that list as it goes, to see the financial tests are still met.","rbi_paragraph":"Para 43","rbi_char_offset":18679,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p35","layer":"bankpulse"},{"n":1,"claim":"md13020-70e9e811","page_group":"Chapter V. Currency Risk","stored_section":"WHO SHOULD ACT","heading":"Gap limits on forex","plain_english":"A bank authorised to deal in foreign exchange must set gap limits and use a value at risk approach.","rbi_paragraph":"Para 45","rbi_char_offset":19343,"weight":"DO IT","role":"All staff","team":null,"products_covered":["foreign-exchange"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p36","layer":"bankpulse"},{"n":2,"claim":"md13020-3cf78f41","page_group":"Chapter V. Currency Risk","stored_section":"IMPACT","heading":"Currency risk counts","plain_english":"A mismatched currency position exposes the balance sheet to exchange rate movement.","rbi_paragraph":"Para 44","rbi_char_offset":19116,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p37","layer":"bankpulse"},{"n":1,"claim":"md13020-edeacf7b","page_group":"Chapter VI. Interest Rate Risk (IRR) Management","stored_section":"WHO SHOULD ACT","heading":"Build the measuring system","plain_english":"A bank must put in systems to measure and manage interest rate risk.","rbi_paragraph":"Para 48","rbi_char_offset":20302,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p38","layer":"bankpulse"},{"n":2,"claim":"md13020-4b592068","page_group":"Chapter VI. Interest Rate Risk (IRR) Management","stored_section":"THE CORE IDEA","heading":"Two ways to see it","plain_english":"Interest rate risk hits profits at once through net interest income.","rbi_paragraph":"Para 47","rbi_char_offset":19774,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p39","layer":"bankpulse"},{"n":3,"claim":"md13020-7e2f30e2","page_group":"Chapter VI. Interest Rate Risk (IRR) Management","stored_section":"WHO SHOULD ACT","heading":"Start with gap analysis","plain_english":"A bank starts with traditional gap analysis, using suitable tools.","rbi_paragraph":"Para 49","rbi_char_offset":20495,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p40","layer":"bankpulse"},{"n":4,"claim":"md13020-c6794eb2","page_group":"Chapter VI. Interest Rate Risk (IRR) Management","stored_section":"WHO SHOULD ACT","heading":"Work out the difference","plain_english":"Under gap analysis a bank measures the difference between rate sensitive assets and liabilities.","rbi_paragraph":"Para 50","rbi_char_offset":20697,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p41","layer":"bankpulse"},{"n":5,"claim":"md13020-c00a4d68","page_group":"Chapter VI. Interest Rate Risk (IRR) Management","stored_section":"WHAT CHANGES","heading":"What counts as sensitive","plain_english":"Anything that matures, has a cash flow or reprices inside the period is rate sensitive.","rbi_paragraph":"Para 52","rbi_char_offset":21239,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p42","layer":"bankpulse"},{"n":6,"claim":"md13020-c23b6ef7","page_group":"Chapter VI. Interest Rate Risk (IRR) Management","stored_section":"WHAT CHANGES","heading":"Loan instalments count","plain_english":"Repayments of loan instalments count as rate sensitive if they fall in the period.","rbi_paragraph":"Para 53","rbi_char_offset":21430,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p43","layer":"bankpulse"},{"n":7,"claim":"md13020-e5623c90","page_group":"Chapter VI. Interest Rate Risk (IRR) Management","stored_section":"WHAT CHANGES","heading":"Reference rates reprice","plain_english":"An item tied to a reference rate is rate sensitive at the time that rate resets.","rbi_paragraph":"Para 54","rbi_char_offset":21615,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p44","layer":"bankpulse"},{"n":8,"claim":"md13020-8eadbf39","page_group":"Chapter VI. Interest Rate Risk (IRR) Management","stored_section":"WHAT CHANGES","heading":"Rupees only","plain_english":"Only rupee assets, liabilities and off-balance sheet positions go into the rate statement.","rbi_paragraph":"Para 56","rbi_char_offset":22000,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A bank holds both rupee and dollar positions. Only the rupee assets, liabilities and off-balance sheet positions go into the rate statement. The dollar side is left out.","anchor":"https://bankpulse.ai/rule/md13020#p45","layer":"bankpulse"},{"n":9,"claim":"md13020-75e1cc82","page_group":"Chapter VI. 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 57","rbi_char_offset":22105,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A loan matures in 3 years but reprices in 6 months. It is grouped by the repricing date, because that comes first. A loan that never reprices is grouped by its residual maturity.","anchor":"https://bankpulse.ai/rule/md13020#p46","layer":"bankpulse"},{"n":10,"claim":"md13020-5557f5e7","page_group":"Chapter VI. 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 gains from falling ones.","rbi_paragraph":"Para 59","rbi_char_offset":22713,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p47","layer":"bankpulse"},{"n":11,"claim":"md13020-d6146216","page_group":"Chapter VI. Interest Rate Risk (IRR) Management","stored_section":"WHO SHOULD ACT","heading":"Limits with board approval","plain_english":"The board approves a limit on each gap, set against total assets, earning assets or equity.","rbi_paragraph":"Para 60","rbi_char_offset":23001,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p48","layer":"bankpulse"},{"n":1,"claim":"md13020-21463964","page_group":"Chapter VII. Monitoring and Reporting","stored_section":"WHO SHOULD ACT","heading":"Follow the returns rules","plain_english":"Filing follows RBI's Supervisory Returns Directions of 27 February 2024.","rbi_paragraph":"Para 63","rbi_char_offset":25455,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p49","layer":"bankpulse"},{"n":2,"claim":"md13020-33d4fb79","page_group":"Chapter VII. Monitoring and Reporting","stored_section":"WHO SHOULD ACT","heading":"Name who signs","plain_english":"Returns must be correct and on time, and one or two senior officers must be named to sign them.","rbi_paragraph":"Para 64","rbi_char_offset":26129,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p50","layer":"bankpulse"},{"n":1,"claim":"md13020-3dfcded4","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 65","rbi_char_offset":26772,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A compliance officer keeps an old circular on the same subject in the manual. It no longer applies. The existing directions, instructions and guidelines on these areas stand repealed. Only this rulebook governs them now.","anchor":"https://bankpulse.ai/rule/md13020#p51","layer":"bankpulse"},{"n":2,"claim":"md13020-34cd0eed","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 66","rbi_char_offset":27149,"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/md13020#p52","layer":"bankpulse"},{"n":3,"claim":"md13020-9d276afe","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 67","rbi_char_offset":28217,"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/md13020#p53","layer":"bankpulse"},{"n":4,"claim":"md13020-383b10a3","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 68","rbi_char_offset":28423,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13020#p54","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."}