{"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":"md13036","title":"Reserve Bank of India (Urban Co-operative Banks – Voluntary Amalgamation) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13036","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":"md13036","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/md13036.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13036","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:19:26 UTC","text_sha256":"eca7aaaad3d768d5d8eec93b0beb3650f86e4dcb962bc28252b2339be1a00b48","word_count":2202,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":27,"points_naming_an_rbi_paragraph":27,"points_stored":27,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13036-a5d71196","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"Capital must still hold","plain_english":"The merged bank's capital ratio must meet RBI's minimum after the merger.","rbi_paragraph":"Para 7","rbi_char_offset":4898,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p1","layer":"bankpulse"},{"n":2,"claim":"md13036-1840df20","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":3126,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p2","layer":"bankpulse"},{"n":3,"claim":"md13036-fc35753a","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These Directions apply to every urban co-operative bank, and cover a merger of two or more of them.","rbi_paragraph":"Para 3","rbi_char_offset":3217,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p3","layer":"bankpulse"},{"n":4,"claim":"md13036-166318f2","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"Every deposit protected","plain_english":"RBI considers a merger only if the acquiring bank protects every deposit of the other bank.","rbi_paragraph":"Para 7","rbi_char_offset":4575,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p4","layer":"bankpulse"},{"n":5,"claim":"md13036-f4c039d2","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"Even a negative net worth","plain_english":"That protection holds even when the other bank's net worth is negative, alone or with upfront state support.","rbi_paragraph":"Para 7","rbi_char_offset":4664,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p5","layer":"bankpulse"},{"n":1,"claim":"md13036-edd7ec45","page_group":"Chapter II. Approval by Board of Directors and Shareholders","stored_section":"WHAT CHANGES","heading":"Two thirds of every board","plain_english":"Both boards must approve by a two-third majority of ALL board members, not merely those present and voting.","rbi_paragraph":"Para 8","rbi_char_offset":5162,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A board has 12 members. Approval needs 2 of every 3 of them, counting all 12 and not just those present. That is 8 members. If only 9 attend, two-thirds of those 9 would be 6, and 6 is not enough.","anchor":"https://bankpulse.ai/rule/md13036#p6","layer":"bankpulse"},{"n":2,"claim":"md13036-f29e764d","page_group":"Chapter II. Approval by Board of Directors and Shareholders","stored_section":"WHO SHOULD ACT","heading":"Due diligence weighed","plain_english":"The boards must weigh whether due diligence was done on the bank being absorbed.","rbi_paragraph":"Para 9","rbi_char_offset":5431,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"The board of the acquiring bank asks one question before it votes. Was due diligence undertaken in respect of the entity being absorbed? If nobody can answer, the board is not ready to vote.","anchor":"https://bankpulse.ai/rule/md13036#p7","layer":"bankpulse"},{"n":3,"claim":"md13036-958a2016","page_group":"Chapter II. Approval by Board of Directors and Shareholders","stored_section":"WHO SHOULD ACT","heading":"Board changes lawful twice","plain_english":"Board changes must fit RBI's directions and the co-operative societies law, so far as the two agree.","rbi_paragraph":"Para 9","rbi_char_offset":5787,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p8","layer":"bankpulse"},{"n":4,"claim":"md13036-cf003b74","page_group":"Chapter II. Approval by Board of Directors and Shareholders","stored_section":"WHO SHOULD ACT","heading":"What shareholders receive","plain_english":"The board must weigh what the buying bank will pay the other bank's shareholders.","rbi_paragraph":"Para 9","rbi_char_offset":5967,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p9","layer":"bankpulse"},{"n":5,"claim":"md13036-40cb6b20","page_group":"Chapter II. Approval by Board of Directors and Shareholders","stored_section":"WHO SHOULD ACT","heading":"A fair swap ratio","plain_english":"The swap ratio must come from independent valuers and the board must judge it fair and proper.","rbi_paragraph":"Para 9","rbi_char_offset":6098,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"The two banks agree a swap ratio. It must come from independent valuers with the required competence and experience. The board must then form its own opinion that the ratio is fair and proper. A ratio the board has not examined does not meet the rule.","anchor":"https://bankpulse.ai/rule/md13036#p10","layer":"bankpulse"},{"n":6,"claim":"md13036-aadaa6ae","page_group":"Chapter II. Approval by Board of Directors and Shareholders","stored_section":"WHO SHOULD ACT","heading":"Impact studied first","plain_english":"The board must study the merger's effect on profit, bad loans, capital and lending limits.","rbi_paragraph":"Para 9","rbi_char_offset":6853,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p11","layer":"bankpulse"},{"n":7,"claim":"md13036-a114c551","page_group":"Chapter II. Approval by Board of Directors and Shareholders","stored_section":"WHO SHOULD ACT","heading":"No stake limit breached","plain_english":"No one's stake after the swap may breach RBI limits.","rbi_paragraph":"Para 9","rbi_char_offset":6272,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p12","layer":"bankpulse"},{"n":8,"claim":"md13036-02d14fe9","page_group":"Chapter II. Approval by Board of Directors and Shareholders","stored_section":"WHAT CHANGES","heading":"Books at existing values","plain_english":"The absorbed bank's assets, liabilities and reserves enter the books at their existing values.","rbi_paragraph":"Para 9","rbi_char_offset":6646,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p13","layer":"bankpulse"},{"n":9,"claim":"md13036-c5c2822d","page_group":"Chapter II. Approval by Board of Directors and Shareholders","stored_section":"WHAT CHANGES","heading":"In person, by value too","plain_english":"Shareholders of each bank approve by two-thirds in number and value, present in person at the meeting.","rbi_paragraph":"Para 10","rbi_char_offset":7308,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p14","layer":"bankpulse"},{"n":10,"claim":"md13036-6f24e018","page_group":"Chapter II. Approval by Board of Directors and 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 11","rbi_char_offset":7569,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p15","layer":"bankpulse"},{"n":1,"claim":"md13036-bd2f3532","page_group":"Chapter III. Approval by RBI","stored_section":"WHAT CHANGES","heading":"Then RBI sanctions","plain_english":"After the shareholder vote, the scheme goes to RBI for sanction, with papers through the PRAVAAH portal.","rbi_paragraph":"Para 12","rbi_char_offset":8020,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p16","layer":"bankpulse"},{"n":1,"claim":"md13036-9221dbef","page_group":"Chapter IV. Sanction of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"Loss branches may close","plain_english":"As an incentive, RBI may let the acquirer close branches that ran net losses for the last three years.","rbi_paragraph":"Para 17(1)","rbi_char_offset":10090,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p17","layer":"bankpulse"},{"n":2,"claim":"md13036-273dce1d","page_group":"Chapter IV. Sanction of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"Keeping the forex licence","plain_english":"The acquirer may keep facilities like the authorised dealer licence if it holds 9 per cent capital on RBI's path to 12.","rbi_paragraph":"Para 17(2)","rbi_char_offset":10999,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":["foreign-exchange"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p18","layer":"bankpulse"},{"n":3,"claim":"md13036-db29d87b","page_group":"Chapter IV. Sanction of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"Losses spread five years","plain_english":"Taken-over losses may be amortised over at most five years, counting the year of the merger.","rbi_paragraph":"Para 17(4)","rbi_char_offset":11355,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p19","layer":"bankpulse"},{"n":4,"claim":"md13036-6fba0166","page_group":"Chapter IV. Sanction of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"Goodwill in instalments","plain_english":"Any excess paid over the net assets is goodwill, written off in equal instalments over five years.","rbi_paragraph":"Para 17(4)","rbi_char_offset":11655,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p20","layer":"bankpulse"},{"n":5,"claim":"md13036-e4d598c3","page_group":"Chapter IV. Sanction of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"A dated vesting order","plain_english":"RBI's written order fixes the date the assets and liabilities transfer, and the absorbed bank stands dissolved.","rbi_paragraph":"Para 14","rbi_char_offset":8335,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p21","layer":"bankpulse"},{"n":6,"claim":"md13036-4728498c","page_group":"Chapter IV. Sanction of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"The registrar strikes it off","plain_english":"RBI sends the dissolution order to the Registrar of Co-operative Societies, who strikes the bank off the record.","rbi_paragraph":"Para 15","rbi_char_offset":8943,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p22","layer":"bankpulse"},{"n":7,"claim":"md13036-df2c28c6","page_group":"Chapter IV. Sanction of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"Both registrars told","plain_english":"If the two banks answer to different co-operative laws, both registrars receive the order.","rbi_paragraph":"Para 15","rbi_char_offset":9281,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p23","layer":"bankpulse"},{"n":8,"claim":"md13036-f76084cc","page_group":"Chapter IV. Sanction of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"Crossing a state line","plain_english":"A merger that makes the bank multi-state takes effect only after registration under the multi-state law.","rbi_paragraph":"Para 16","rbi_char_offset":9635,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p24","layer":"bankpulse"},{"n":9,"claim":"md13036-b2d62fa4","page_group":"Chapter IV. Sanction of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"Licences can be reused","plain_english":"Closed or merged branch licences may open new branches within the combined area of operation.","rbi_paragraph":"Para 17(1)","rbi_char_offset":10293,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p25","layer":"bankpulse"},{"n":10,"claim":"md13036-591d9f57","page_group":"Chapter IV. Sanction of Scheme of Amalgamation","stored_section":"WHAT CHANGES","heading":"No fresh entry capital","plain_english":"Becoming multi-state only through the merger does not trigger the multi-state entry capital requirement.","rbi_paragraph":"Para 17(3)","rbi_char_offset":11093,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p26","layer":"bankpulse"},{"n":1,"claim":"md13036-00c6ff04","page_group":"Chapter VI. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old rules swept away","plain_english":"The old merger circulars for urban co-operative banks stand repealed.","rbi_paragraph":"Para 19","rbi_char_offset":13490,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13036#p27","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."}