{"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":"md13032","title":"Reserve Bank of India (Urban Co-operative Banks - Governance) Directions, 2025 (Updated as on May 25, 2026)","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13032","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":"md13032","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/md13032.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13032","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:19:20 UTC","text_sha256":"d1e953e5b129a836d5acb4aff7bb5090c17b38c4e1f8edf2b4fc38e245215e0d","word_count":4492,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":62,"points_naming_an_rbi_paragraph":62,"points_stored":62,"actions":0,"amendments":1},"points":[{"n":1,"claim":"md13032-a2a8948e","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Starts at once","plain_english":"The rules start the moment RBI issues them.","rbi_paragraph":"Para 2","rbi_char_offset":3168,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p1","layer":"bankpulse"},{"n":2,"claim":"md13032-4f340864","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who must follow this","plain_english":"These rules apply to every urban co-operative bank.","rbi_paragraph":"Para 3","rbi_char_offset":3250,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p2","layer":"bankpulse"},{"n":3,"claim":"md13032-2b49cd04","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"What an urban bank means","plain_english":"An urban co-operative bank is a primary co-operative bank under the banking law.","rbi_paragraph":"Para 3","rbi_char_offset":3425,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p3","layer":"bankpulse"},{"n":1,"claim":"md13032-7932d607","page_group":"Chapter II. Constitution of Board and Appointment of Directors","stored_section":"THE CORE IDEA","heading":"Directors must be honest","plain_english":"Directors should be people who know their work and have high integrity.","rbi_paragraph":"Para 6","rbi_char_offset":4700,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p4","layer":"bankpulse"},{"n":2,"claim":"md13032-ebb006cf","page_group":"Chapter II. Constitution of Board and Appointment of Directors","stored_section":"THE CORE IDEA","heading":"Two professional directors always","plain_english":"The bank must have at least two professional directors at all times.","rbi_paragraph":"Para 6","rbi_char_offset":4831,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p5","layer":"bankpulse"},{"n":3,"claim":"md13032-42a3f5ca","page_group":"Chapter II. Constitution of Board and Appointment of Directors","stored_section":"THE CORE IDEA","heading":"What professional means here","plain_english":"Banking work at middle or senior level, or a law, accounts or finance qualification.","rbi_paragraph":"Para 6","rbi_char_offset":4906,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p6","layer":"bankpulse"},{"n":4,"claim":"md13032-a9404d6f","page_group":"Chapter II. Constitution of Board and Appointment of Directors","stored_section":"WHO IT APPLIES TO","heading":"Salary earners banks excused","plain_english":"A salary earners' bank need not keep the two professional directors.","rbi_paragraph":"Para 6","rbi_char_offset":5166,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p7","layer":"bankpulse"},{"n":5,"claim":"md13032-ab3ce7f6","page_group":"Chapter II. Constitution of Board and Appointment of Directors","stored_section":"WHO SHOULD ACT","heading":"Money lenders cannot be directors","plain_english":"A person in money lending, financing or investment work cannot be a director.","rbi_paragraph":"Para 7(2)","rbi_char_offset":5694,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p8","layer":"bankpulse"},{"n":6,"claim":"md13032-f4b7ceb0","page_group":"Chapter II. Constitution of Board and Appointment of Directors","stored_section":"WHO SHOULD ACT","heading":"Convicted persons cannot join","plain_english":"A person convicted of a crime involving moral turpitude cannot be a director.","rbi_paragraph":"Para 7(3)","rbi_char_offset":5869,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p9","layer":"bankpulse"},{"n":7,"claim":"md13032-d9e772c7","page_group":"Chapter II. Constitution of Board and Appointment of Directors","stored_section":"KEY DATES","heading":"Ten years on the board","plain_english":"A director may sit for ten years at a stretch.","rbi_paragraph":"Para 7A","rbi_char_offset":5979,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p10","layer":"bankpulse"},{"n":8,"claim":"md13032-e99175cc","page_group":"Chapter II. Constitution of Board and Appointment of Directors","stored_section":"KEY DATES","heading":"Then three years out","plain_english":"After that he must stay away for three years before coming back.","rbi_paragraph":"Para 7A","rbi_char_offset":6178,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p11","layer":"bankpulse"},{"n":9,"claim":"md13032-7701263b","page_group":"Chapter II. Constitution of Board and Appointment of Directors","stored_section":"WHAT CHANGES","heading":"Nobody stays for ever","plain_english":"In the gap years he may stay only as a member or a customer.","rbi_paragraph":"Para 7A","rbi_char_offset":6245,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p12","layer":"bankpulse"},{"n":10,"claim":"md13032-2bcead94","page_group":"Chapter II. Constitution of Board and Appointment of Directors","stored_section":"WHAT CHANGES","heading":"No honorary titles","plain_english":"The bank cannot create honorary posts or titles at board level.","rbi_paragraph":"Para 8","rbi_char_offset":6827,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p13","layer":"bankpulse"},{"n":1,"claim":"md13032-3f723b7e","page_group":"Chapter III. Role of the Board and Individual Directors","stored_section":"THE CORE IDEA","heading":"The board makes policy","plain_english":"The first job of the board is to make policy.","rbi_paragraph":"Para 9","rbi_char_offset":7007,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p14","layer":"bankpulse"},{"n":2,"claim":"md13032-d84b3782","page_group":"Chapter III. Role of the Board and Individual Directors","stored_section":"THE CORE IDEA","heading":"Board watches, boss runs","plain_english":"The board supervises. Day to day running is left to the managing director.","rbi_paragraph":"Para 9(1)","rbi_char_offset":7214,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p15","layer":"bankpulse"},{"n":3,"claim":"md13032-eb08c602","page_group":"Chapter III. Role of the Board and Individual Directors","stored_section":"WHO SHOULD ACT","heading":"Keep customer matters secret","plain_english":"Directors must keep the bank's agenda papers and notes confidential.","rbi_paragraph":"Para 11(2)","rbi_char_offset":8649,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p16","layer":"bankpulse"},{"n":4,"claim":"md13032-ae1e635d","page_group":"Chapter III. Role of the Board and Individual Directors","stored_section":"WHO SHOULD ACT","heading":"No orders to staff","plain_english":"Directors must not give instructions to any officer or employee of the bank.","rbi_paragraph":"Para 11(3)","rbi_char_offset":9063,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p17","layer":"bankpulse"},{"n":5,"claim":"md13032-c010a4d2","page_group":"Chapter III. Role of the Board and Individual Directors","stored_section":"WHO SHOULD ACT","heading":"No staff postings or promotions","plain_english":"Directors must stay out of appointment, transfer, posting and promotion matters.","rbi_paragraph":"Para 11(7)","rbi_char_offset":10165,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p18","layer":"bankpulse"},{"n":6,"claim":"md13032-5684a65c","page_group":"Chapter III. Role of the Board and Individual Directors","stored_section":"WHO SHOULD ACT","heading":"Do not push loan proposals","plain_english":"Directors must not press the bank to sanction any facility.","rbi_paragraph":"Para 11(8)","rbi_char_offset":10520,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p19","layer":"bankpulse"},{"n":7,"claim":"md13032-a5c8448d","page_group":"Chapter III. Role of the Board and Individual Directors","stored_section":"WHO SHOULD ACT","heading":"No bank logo on cards","plain_english":"Directors must not print the bank logo on visiting cards or letterheads.","rbi_paragraph":"Para 11(10)","rbi_char_offset":11108,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p20","layer":"bankpulse"},{"n":8,"claim":"md13032-876105d3","page_group":"Chapter III. Role of the Board and Individual Directors","stored_section":"WHO SHOULD ACT","heading":"RBI letters reach the board","plain_english":"The bank must place every RBI circular on policy before its board.","rbi_paragraph":"Para 10","rbi_char_offset":7647,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p21","layer":"bankpulse"},{"n":9,"claim":"md13032-d7d1a9d1","page_group":"Chapter III. Role of the Board and Individual Directors","stored_section":"WHO SHOULD ACT","heading":"Papers before the meeting","plain_english":"Management must give directors full facts and papers well before board meetings.","rbi_paragraph":"Para 10","rbi_char_offset":7813,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p22","layer":"bankpulse"},{"n":10,"claim":"md13032-d7bf939f","page_group":"Chapter III. Role of the Board and Individual Directors","stored_section":"WHO SHOULD ACT","heading":"Study the board papers","plain_english":"Directors should read board papers well and ask the managing director for facts.","rbi_paragraph":"Para 11(1)","rbi_char_offset":8328,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p23","layer":"bankpulse"},{"n":11,"claim":"md13032-ebb03936","page_group":"Chapter III. Role of the Board and Individual Directors","stored_section":"WHO SHOULD ACT","heading":"Leave that discussion alone","plain_english":"A director must not join the discussion on a proposal he has interest in.","rbi_paragraph":"Para 11(9)","rbi_char_offset":10868,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p24","layer":"bankpulse"},{"n":12,"claim":"md13032-6dd3986b","page_group":"Chapter III. Role of the Board and Individual Directors","stored_section":"WHO SHOULD ACT","heading":"Speak about your interest","plain_english":"A director must tell the managing director and the board well in advance.","rbi_paragraph":"Para 11(9)","rbi_char_offset":11020,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p25","layer":"bankpulse"},{"n":1,"claim":"md13032-12bcf6b1","page_group":"Chapter IV. Calendar of Reviews","stored_section":"WHO SHOULD ACT","heading":"Fraud report every month","plain_english":"Serious irregularities, frauds and misappropriation found in the month go to the board.","rbi_paragraph":"Para 12","rbi_char_offset":11930,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p26","layer":"bankpulse"},{"n":2,"claim":"md13032-0d7787e7","page_group":"Chapter IV. Calendar of Reviews","stored_section":"WHO SHOULD ACT","heading":"A quarter of big loans","plain_english":"The board reviews at least 25 per cent of large borrowal accounts every quarter. Large means 5 lakhs and above, or 10 lakhs and above for a scheduled bank.","rbi_paragraph":"Para 12","rbi_char_offset":12298,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A scheduled urban co-operative bank has two hundred borrowal accounts of 10 lakhs and above. Each quarter the board must look at fifty of them, which is 25 per cent. Take four quarters together and every one of the two hundred has been seen once.","anchor":"https://bankpulse.ai/rule/md13032#p27","layer":"bankpulse"},{"n":1,"claim":"md13032-c839602e","page_group":"Chapter V. Committees of the Board","stored_section":"WHO SHOULD ACT","heading":"Who sits on it","plain_english":"A chairman and three or four directors. One must know accounts or audit.","rbi_paragraph":"Para 14","rbi_char_offset":15134,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p28","layer":"bankpulse"},{"n":2,"claim":"md13032-4855792c","page_group":"Chapter V. Committees of the Board","stored_section":"IMPACT","heading":"The board still owns risk","plain_english":"The first responsibility for risk management stays with the board.","rbi_paragraph":"Para 16","rbi_char_offset":16787,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p29","layer":"bankpulse"},{"n":3,"claim":"md13032-f85286be","page_group":"Chapter V. Committees of the Board","stored_section":"WHO IT APPLIES TO","heading":"Risk committee at 5000 crore","plain_english":"A bank whose assets reach 5000 crore must set up a risk committee.","rbi_paragraph":"Para 16","rbi_char_offset":16860,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p30","layer":"bankpulse"},{"n":4,"claim":"md13032-d3c1b272","page_group":"Chapter V. Committees of the Board","stored_section":"WHO SHOULD ACT","heading":"Audit committee is compulsory","plain_english":"The bank must set up an audit committee at board level.","rbi_paragraph":"Para 13","rbi_char_offset":14918,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p31","layer":"bankpulse"},{"n":5,"claim":"md13032-0d657ccb","page_group":"Chapter V. Committees of the Board","stored_section":"WHO SHOULD ACT","heading":"Note to board each quarter","plain_english":"The audit committee checks how RBI directions are followed and reports quarterly.","rbi_paragraph":"Para 15","rbi_char_offset":15329,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p32","layer":"bankpulse"},{"n":1,"claim":"md13032-75a2a5b0","page_group":"Chapter VI. Board of Management","stored_section":"THE CORE IDEA","heading":"A second board for banking","plain_english":"The bank forms a Board of Management so banking work gets close attention.","rbi_paragraph":"Para 18","rbi_char_offset":17395,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p33","layer":"bankpulse"},{"n":2,"claim":"md13032-8528737d","page_group":"Chapter VI. Board of Management","stored_section":"WHO IT APPLIES TO","heading":"Small banks may skip it","plain_english":"A bank with deposits below 100 crore may skip the Board of Management.","rbi_paragraph":"Para 18(1)","rbi_char_offset":17540,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p34","layer":"bankpulse"},{"n":3,"claim":"md13032-f992c2b9","page_group":"Chapter VI. Board of Management","stored_section":"WHO IT APPLIES TO","heading":"Bigger banks must have it","plain_english":"A bank with 100 crore deposits needs it before it opens new branches.","rbi_paragraph":"Para 18(2)","rbi_char_offset":17734,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p35","layer":"bankpulse"},{"n":4,"claim":"md13032-96b005d7","page_group":"Chapter VI. Board of Management","stored_section":"WHO SHOULD ACT","heading":"Five to twelve members","plain_english":"The Board of Management has at least five and at most twelve people.","rbi_paragraph":"Para 21","rbi_char_offset":18394,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p36","layer":"bankpulse"},{"n":5,"claim":"md13032-58c80e7c","page_group":"Chapter VI. Board of Management","stored_section":"WHO SHOULD ACT","heading":"What members must know","plain_english":"Each member needs knowledge or practice in fields such as accounts, banking or law.","rbi_paragraph":"Para 21(1)","rbi_char_offset":18753,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p37","layer":"bankpulse"},{"n":6,"claim":"md13032-ceb97efe","page_group":"Chapter VI. Board of Management","stored_section":"KEY DATES","heading":"Three years without dealings","plain_english":"A person who did business with the bank in the last three years cannot join.","rbi_paragraph":"Para 21(2)","rbi_char_offset":19123,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p38","layer":"bankpulse"},{"n":7,"claim":"md13032-ce05fc9e","page_group":"Chapter VI. Board of Management","stored_section":"WHAT CHANGES","heading":"Half from the board only","plain_english":"Not more than 50 per cent of that second board may come from the directors.","rbi_paragraph":"Para 23(1)","rbi_char_offset":19982,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p39","layer":"bankpulse"},{"n":8,"claim":"md13032-e655c84d","page_group":"Chapter VI. Board of Management","stored_section":"WHAT CHANGES","heading":"Chairman cannot hold both","plain_english":"The chairman of the board cannot be chairman of the Board of Management.","rbi_paragraph":"Para 23(4)","rbi_char_offset":20485,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p40","layer":"bankpulse"},{"n":9,"claim":"md13032-3347adfb","page_group":"Chapter VI. Board of Management","stored_section":"WHO SHOULD ACT","heading":"The chief does not vote","plain_english":"The chief executive sits on that board without a vote and is not counted.","rbi_paragraph":"Para 23(5)","rbi_char_offset":20579,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p41","layer":"bankpulse"},{"n":10,"claim":"md13032-83fce799","page_group":"Chapter VI. Board of Management","stored_section":"WHO SHOULD ACT","heading":"RBI can remove a member","plain_english":"RBI may remove a member who fails its criteria or harms depositors.","rbi_paragraph":"Para 25(1)","rbi_char_offset":20910,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p42","layer":"bankpulse"},{"n":11,"claim":"md13032-c89dd18e","page_group":"Chapter VI. Board of Management","stored_section":"WHO SHOULD ACT","heading":"It advises on every loan","plain_english":"It gives expert advice on all loan proposals going to the board.","rbi_paragraph":"Para 26(1)","rbi_char_offset":21910,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p43","layer":"bankpulse"},{"n":12,"claim":"md13032-d1a022f7","page_group":"Chapter VI. Board of Management","stored_section":"WHO SHOULD ACT","heading":"Two thirds must attend","plain_english":"A Board of Management meeting needs two-third of its members present.","rbi_paragraph":"Para 27","rbi_char_offset":23400,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p44","layer":"bankpulse"},{"n":13,"claim":"md13032-5517685a","page_group":"Chapter VI. Board of Management","stored_section":"KEY DATES","heading":"Return every December","plain_english":"The bank sends the names on its Board of Management as on December 31. It must reach RBI within 15 days.","rbi_paragraph":"Para 20","rbi_char_offset":18153,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p45","layer":"bankpulse"},{"n":14,"claim":"md13032-a11b858c","page_group":"Chapter VI. Board of Management","stored_section":"WHO SHOULD ACT","heading":"Ask RBI before removing","plain_english":"The board must get RBI's agreement before it removes such a member.","rbi_paragraph":"Para 25(2)","rbi_char_offset":21101,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p46","layer":"bankpulse"},{"n":15,"claim":"md13032-470eae5c","page_group":"Chapter VI. Board of Management","stored_section":"THE CORE IDEA","heading":"Deposits are not dealings","plain_english":"Keeping a deposit with the bank does not count as a business dealing.","rbi_paragraph":"Para 21(2)","rbi_char_offset":19262,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p47","layer":"bankpulse"},{"n":1,"claim":"md13032-29a0f8ad","page_group":"Chapter VII. Appointment of Key Officers","stored_section":"WHO IT APPLIES TO","heading":"Risk chief at 5000 crore","plain_english":"A bank whose assets reach 5000 crore must appoint a Chief Risk Officer.","rbi_paragraph":"Para 31","rbi_char_offset":24239,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p48","layer":"bankpulse"},{"n":2,"claim":"md13032-bed7d9c8","page_group":"Chapter VII. Appointment of Key Officers","stored_section":"WHO SHOULD ACT","heading":"He reports to the top","plain_english":"The risk chief reports to the chief executive, the board or the risk committee.","rbi_paragraph":"Para 33(1)","rbi_char_offset":24927,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p49","layer":"bankpulse"},{"n":3,"claim":"md13032-3ab8e1b4","page_group":"Chapter VII. Appointment of Key Officers","stored_section":"WHO SHOULD ACT","heading":"No business targets","plain_english":"He has no reporting line to business and is given no business targets.","rbi_paragraph":"Para 33(3)","rbi_char_offset":25158,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p50","layer":"bankpulse"},{"n":4,"claim":"md13032-6fbb8bd5","page_group":"Chapter VII. Appointment of Key Officers","stored_section":"WHO SHOULD ACT","heading":"No second hat","plain_english":"He cannot also be chief executive, operations head, finance head or audit head.","rbi_paragraph":"Para 33(4)","rbi_char_offset":25285,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p51","layer":"bankpulse"},{"n":5,"claim":"md13032-a86a132e","page_group":"Chapter VII. Appointment of Key Officers","stored_section":"WHO SHOULD ACT","heading":"A fixed term","plain_english":"The risk chief is appointed for a fixed term with the board's approval.","rbi_paragraph":"Para 34","rbi_char_offset":25442,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p52","layer":"bankpulse"},{"n":6,"claim":"md13032-1665822f","page_group":"Chapter VII. Appointment of Key Officers","stored_section":"WHO SHOULD ACT","heading":"RBI approves the chief","plain_english":"Appointing, reappointing or ending the chief executive needs RBI approval first.","rbi_paragraph":"Para 29","rbi_char_offset":23868,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p53","layer":"bankpulse"},{"n":7,"claim":"md13032-7f786028","page_group":"Chapter VII. Appointment of Key Officers","stored_section":"WHO SHOULD ACT","heading":"Apply through PRAVAAH","plain_english":"The application goes to RBI through the PRAVAAH portal.","rbi_paragraph":"Para 30","rbi_char_offset":24079,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p54","layer":"bankpulse"},{"n":8,"claim":"md13032-319590d5","page_group":"Chapter VII. Appointment of Key Officers","stored_section":"KEY DATES","heading":"Six months to appoint","plain_english":"A bank crossing 5,000 crore gets six months to appoint the risk chief.","rbi_paragraph":"Para 31","rbi_char_offset":24327,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p55","layer":"bankpulse"},{"n":9,"claim":"md13032-f1b69482","page_group":"Chapter VII. Appointment of Key Officers","stored_section":"WHO SHOULD ACT","heading":"Meet him without the boss","plain_english":"The board or the risk committee meets him alone every quarter.","rbi_paragraph":"Para 33(2)","rbi_char_offset":25044,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p56","layer":"bankpulse"},{"n":10,"claim":"md13032-b3b0f035","page_group":"Chapter VII. Appointment of Key Officers","stored_section":"WHO SHOULD ACT","heading":"He checks credit products","plain_english":"All credit products must be vetted by the risk chief for risk.","rbi_paragraph":"Para 38","rbi_char_offset":26911,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p57","layer":"bankpulse"},{"n":1,"claim":"md13032-efb0e222","page_group":"Chapter VIII. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"Old rules stand repealed","plain_english":"All earlier governance rules for these banks are repealed.","rbi_paragraph":"Para 39","rbi_char_offset":27106,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p58","layer":"bankpulse"},{"n":2,"claim":"md13032-1079c38d","page_group":"Chapter VIII. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"Old actions still stand","plain_english":"Anything done under the old rules stays governed by those old rules.","rbi_paragraph":"Para 40","rbi_char_offset":27495,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p59","layer":"bankpulse"},{"n":3,"claim":"md13032-fe5cab93","page_group":"Chapter VIII. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"Old approvals still count","plain_english":"Approvals given under the repealed rules now come under these rules.","rbi_paragraph":"Para 40","rbi_char_offset":27674,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p60","layer":"bankpulse"},{"n":4,"claim":"md13032-a1664389","page_group":"Chapter VIII. Repeal and other provisions","stored_section":"IMPACT","heading":"Other laws still apply","plain_english":"These rules add to other laws. They do not cut them down.","rbi_paragraph":"Para 41","rbi_char_offset":28574,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p61","layer":"bankpulse"},{"n":5,"claim":"md13032-1f001e30","page_group":"Chapter VIII. Repeal and other provisions","stored_section":"IMPACT","heading":"RBI's reading is final","plain_english":"If a rule is unclear, RBI's reading of it binds everyone.","rbi_paragraph":"Para 42","rbi_char_offset":29081,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13032#p62","layer":"bankpulse"}],"actions":[],"amendments":[{"id":"nt13461","title":"Reserve Bank of India (Urban Co-operative Banks - Governance) Amendment Directions, 2026","date":"May 25, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13461&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."}