{"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":"md13066","title":"Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) Directions, 2025 (Updated as on May 18, 2026)","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13066","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":"Local area banks","class_code":"LAB","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13066","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/md13066.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13066","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:17:24 UTC","text_sha256":"2df8fccf2ce21aca66910bf9f4040baf65529a5882ed20774a466e8e0fadeae1","word_count":16854,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":59,"points_naming_an_rbi_paragraph":59,"points_stored":59,"actions":0,"amendments":3},"points":[{"n":1,"claim":"md13066-de022673","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"Accounts rules for LABs","plain_english":"This paper sets how local area banks must show their accounts.","rbi_paragraph":"Para 1","rbi_char_offset":3456,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p1","layer":"bankpulse"},{"n":2,"claim":"md13066-1840df20","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Start date","plain_english":"These Directions came into effect on the day RBI issued them.","rbi_paragraph":"Para 2","rbi_char_offset":3619,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p2","layer":"bankpulse"},{"n":3,"claim":"md13066-70aa2217","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These Directions apply to every local area bank.","rbi_paragraph":"Para 3","rbi_char_offset":3684,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p3","layer":"bankpulse"},{"n":1,"claim":"md13066-d3a1fab2","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"THE CORE IDEA","heading":"Capital reserves are not free","plain_english":"A capital reserve cannot hold any sum free to be paid out as profit.","rbi_paragraph":"Para 5(1)","rbi_char_offset":6706,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p4","layer":"bankpulse"},{"n":2,"claim":"md13066-9395dddd","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Twenty per cent means influence","plain_english":"Holding a fifth or more of the votes is taken to mean significant influence.","rbi_paragraph":"Para 6(6)","rbi_char_offset":46670,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p5","layer":"bankpulse"},{"n":3,"claim":"md13066-30eb2e86","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHO SHOULD ACT","heading":"Compile as instructed","plain_english":"The balance sheet and profit account must be drawn up as told here.","rbi_paragraph":"Para 5","rbi_char_offset":4629,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p6","layer":"bankpulse"},{"n":4,"claim":"md13066-63fb3651","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHO SHOULD ACT","heading":"Follow the accounting standards","plain_english":"The set accounting rules must be followed, subject to what RBI says.","rbi_paragraph":"Para 5(1)","rbi_char_offset":4775,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p7","layer":"bankpulse"},{"n":5,"claim":"md13066-0d847cfb","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHO SHOULD ACT","heading":"Explain the year's changes","plain_english":"Any change in capital in the year must be explained in the notes.","rbi_paragraph":"Para 5(1)","rbi_char_offset":6256,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p8","layer":"bankpulse"},{"n":6,"claim":"md13066-f4332cef","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Statutory reserves shown apart","plain_english":"Reserves made under the Banking Regulation Act must be shown on their own.","rbi_paragraph":"Para 5(1)","rbi_char_offset":6619,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p9","layer":"bankpulse"},{"n":7,"claim":"md13066-72305d55","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Lien deposits in a footnote","plain_english":"The sum of deposits under lien must be shown in a note to the schedule.","rbi_paragraph":"Para 5(1)","rbi_char_offset":9374,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p10","layer":"bankpulse"},{"n":8,"claim":"md13066-0e3758d1","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Secured borrowings shown apart","plain_english":"Borrowings against security must be shown on their own.","rbi_paragraph":"Para 5(1)","rbi_char_offset":10071,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p11","layer":"bankpulse"},{"n":9,"claim":"md13066-4ae58e28","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Other banking business","plain_english":"Extra segments inside other banking business must be reported where they meet the test.","rbi_paragraph":"Para 10(4)","rbi_char_offset":42647,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p12","layer":"bankpulse"},{"n":10,"claim":"md13066-50269e11","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Name the related party","plain_english":"The name and nature of a related party tie must be shown, even with no dealings.","rbi_paragraph":"Para 10(5)","rbi_char_offset":44039,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p13","layer":"bankpulse"},{"n":11,"claim":"md13066-7393f7f9","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Calls in arrears deducted","plain_english":"Calls in arrears come off called-up capital, and forfeited shares are added back.","rbi_paragraph":"Para 5(1)","rbi_char_offset":5811,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p14","layer":"bankpulse"},{"n":12,"claim":"md13066-b135ad04","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Combine where sensible","plain_english":"Items that can go together are shown under one head.","rbi_paragraph":"Para 5(1)","rbi_char_offset":5982,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p15","layer":"bankpulse"},{"n":13,"claim":"md13066-69a979a6","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Revaluation is a capital reserve","plain_english":"A gain on revaluing an asset is treated as a capital reserve.","rbi_paragraph":"Para 5(1)","rbi_char_offset":6806,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p16","layer":"bankpulse"},{"n":14,"claim":"md13066-f5046d5c","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Share premium stands alone","plain_english":"Premium on shares issued is shown on its own.","rbi_paragraph":"Para 5(1)","rbi_char_offset":6887,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p17","layer":"bankpulse"},{"n":15,"claim":"md13066-b39d1314","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"THE CORE IDEA","heading":"Provisions are not reserves","plain_english":"A sum kept for wear and tear, or for a known due, is not a reserve.","rbi_paragraph":"Para 5(1)","rbi_char_offset":7184,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p18","layer":"bankpulse"},{"n":16,"claim":"md13066-07755399","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Loss shown as a deduction","plain_english":"Where there is a loss, the sum is shown as a deduction.","rbi_paragraph":"Para 5(1)","rbi_char_offset":7448,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p19","layer":"bankpulse"},{"n":17,"claim":"md13066-5f411d5a","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Accrued interest sits elsewhere","plain_english":"Interest earned but not yet due on deposits is shown under other dues.","rbi_paragraph":"Para 5(1)","rbi_char_offset":8811,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p20","layer":"bankpulse"},{"n":18,"claim":"md13066-93e938a3","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Matured deposits are demand","plain_english":"A term deposit that has matured is treated as a demand deposit.","rbi_paragraph":"Para 5(1)","rbi_char_offset":8891,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p21","layer":"bankpulse"},{"n":19,"claim":"md13066-be96ed5f","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Scheme deposits classed by demand","plain_english":"A deposit under a special scheme is a term deposit unless it is payable on demand.","rbi_paragraph":"Para 5(1)","rbi_char_offset":8953,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p22","layer":"bankpulse"},{"n":20,"claim":"md13066-af8ea7ec","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Refinance is a borrowing","plain_english":"Refinance from RBI or other bodies is shown under borrowings.","rbi_paragraph":"Para 5(1)","rbi_char_offset":10446,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p23","layer":"bankpulse"},{"n":21,"claim":"md13066-a6fe575e","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Advances shown gross","plain_english":"Advances are shown at the gross sum on the asset side.","rbi_paragraph":"Para 5(1)","rbi_char_offset":10503,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p24","layer":"bankpulse"},{"n":22,"claim":"md13066-7fb65130","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Net the inter-office accounts","plain_english":"Only the net of inter-office accounts, at home and abroad, is shown.","rbi_paragraph":"Para 5(1)","rbi_char_offset":11708,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p25","layer":"bankpulse"},{"n":23,"claim":"md13066-35012f07","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"THE CORE IDEA","heading":"Interest accrued is a liability","plain_english":"Interest earned on any deposit is a due, whether or not it is payable yet.","rbi_paragraph":"Para 5(1)","rbi_char_offset":12903,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p26","layer":"bankpulse"},{"n":24,"claim":"md13066-284607c8","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Standard asset provisions apart","plain_english":"Sums kept for standard assets are shown on their own, not cut from gross advances.","rbi_paragraph":"Para 5(1)","rbi_char_offset":13245,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p27","layer":"bankpulse"},{"n":25,"claim":"md13066-c78240cd","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"THE CORE IDEA","heading":"Rate on the day","plain_english":"Applying the rate of the day is hard for items not booked in rupees.","rbi_paragraph":"Para 10(3)","rbi_char_offset":38197,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p28","layer":"bankpulse"},{"n":26,"claim":"md13066-9aec2a86","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"THE CORE IDEA","heading":"Format is only a guide","plain_english":"The format given is an example and does not cover everything.","rbi_paragraph":"Para 10(5)","rbi_char_offset":42983,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p29","layer":"bankpulse"},{"n":27,"claim":"md13066-56373f06","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"THE CORE IDEA","heading":"Secrecy comes first","plain_english":"Where telling would break a duty of secrecy set by law, the disclosure is not made.","rbi_paragraph":"Para 10(5)","rbi_char_offset":44779,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p30","layer":"bankpulse"},{"n":28,"claim":"md13066-95afb3a7","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"THE CORE IDEA","heading":"Customer secrecy is a duty","plain_english":"The common law duty to keep customer details secret excuses such disclosure.","rbi_paragraph":"Para 10(5)","rbi_char_offset":45253,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p31","layer":"bankpulse"},{"n":29,"claim":"md13066-5124a94b","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"THE CORE IDEA","heading":"Influence, not control","plain_english":"Significant influence is a share in policy decisions, not control over them.","rbi_paragraph":"Para 6(6)","rbi_char_offset":46371,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p32","layer":"bankpulse"},{"n":30,"claim":"md13066-fada8820","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHAT CHANGES","heading":"Below twenty, no influence","plain_english":"Holding less than a fifth of the votes is taken to mean no significant influence.","rbi_paragraph":"Para 6(6)","rbi_char_offset":46930,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p33","layer":"bankpulse"},{"n":31,"claim":"md13066-b3866182","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"THE CORE IDEA","heading":"A big holder does not","plain_english":"Another investor holding most of the shares does not by itself rule out influence.","rbi_paragraph":"Para 6(6)","rbi_char_offset":47165,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p34","layer":"bankpulse"},{"n":32,"claim":"md13066-8da32b14","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHO IT APPLIES TO","heading":"Intangible asset rule","plain_english":"This standard covers intangible assets not dealt with by another standard.","rbi_paragraph":"Para 6(9)","rbi_char_offset":49236,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p35","layer":"bankpulse"},{"n":33,"claim":"md13066-1745792d","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHO SHOULD ACT","heading":"Intangibles block a dividend","plain_english":"A lender holding intangible assets needs Central Government leave to pay a dividend.","rbi_paragraph":"Para 6(9)","rbi_char_offset":50009,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p36","layer":"bankpulse"},{"n":34,"claim":"md13066-d2a53607","page_group":"Chapter II. Balance Sheet and Profit and Loss Account","stored_section":"WHO IT APPLIES TO","heading":"Impairment is for fixed assets","plain_english":"The wear and tear rule covers fixed assets, not loans or investments.","rbi_paragraph":"Para 6(11)","rbi_char_offset":51939,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p37","layer":"bankpulse"},{"n":1,"claim":"md13066-8ef59cb6","page_group":"Chapter III. Disclosure in financial statements – Notes to Accounts","stored_section":"WHO SHOULD ACT","heading":"Disclose in notes to accounts","plain_english":"What this chapter names must be shown in the notes to accounts.","rbi_paragraph":"Para 7","rbi_char_offset":52399,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p38","layer":"bankpulse"},{"n":2,"claim":"md13066-310f1c99","page_group":"Chapter III. Disclosure in financial statements – Notes to Accounts","stored_section":"WHAT CHANGES","heading":"Show the previous period","plain_english":"Last year's figure must be shown beside every figure for this year.","rbi_paragraph":"Para 10","rbi_char_offset":53736,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p39","layer":"bankpulse"},{"n":3,"claim":"md13066-7f0e2388","page_group":"Chapter III. Disclosure in financial statements – Notes to Accounts","stored_section":"WHAT CHANGES","heading":"Narrative comparatives too","plain_english":"Last year's words must be given too, where they help make this year clear.","rbi_paragraph":"Para 10","rbi_char_offset":53912,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p40","layer":"bankpulse"},{"n":4,"claim":"md13066-88be9acf","page_group":"Chapter III. Disclosure in financial statements – Notes to Accounts","stored_section":"WHAT CHANGES","heading":"Disclose sales out of HTM","plain_english":"Sales out of held to maturity must be shown in the notes in the set form.","rbi_paragraph":"Para 10(3)","rbi_char_offset":57788,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p41","layer":"bankpulse"},{"n":5,"claim":"md13066-e698a473","page_group":"Chapter III. Disclosure in financial statements – Notes to Accounts","stored_section":"WHAT CHANGES","heading":"Break out a big industry","plain_english":"An industry above a tenth of all industry advances must be shown on its own.","rbi_paragraph":"Para 10(4)","rbi_char_offset":65890,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p42","layer":"bankpulse"},{"n":6,"claim":"md13066-d565007c","page_group":"Chapter III. Disclosure in financial statements – Notes to Accounts","stored_section":"WHAT CHANGES","heading":"Overseas assets and bad loans","plain_english":"Overseas assets, bad loans and income must be shown for this year and last.","rbi_paragraph":"Para 10(4)","rbi_char_offset":66093,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p43","layer":"bankpulse"},{"n":7,"claim":"md13066-954c3817","page_group":"Chapter III. Disclosure in financial statements – Notes to Accounts","stored_section":"THE CORE IDEA","heading":"These do not replace others","plain_english":"These are added to, and do not take the place of, what other law asks for.","rbi_paragraph":"Para 7","rbi_char_offset":52548,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p44","layer":"bankpulse"},{"n":8,"claim":"md13066-bf0dff8e","page_group":"Chapter III. Disclosure in financial statements – Notes to Accounts","stored_section":"WHAT CHANGES","heading":"Policies as a schedule","plain_english":"The main accounting policies and the notes go in as their own schedules.","rbi_paragraph":"Para 9","rbi_char_offset":53201,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p45","layer":"bankpulse"},{"n":9,"claim":"md13066-57b0e474","page_group":"Chapter III. Disclosure in financial statements – Notes to Accounts","stored_section":"THE CORE IDEA","heading":"Listing is not permission","plain_english":"Naming an item in the form does not make that work allowed.","rbi_paragraph":"Para 10","rbi_char_offset":53460,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p46","layer":"bankpulse"},{"n":10,"claim":"md13066-c3e5c073","page_group":"Chapter III. Disclosure in financial statements – Notes to Accounts","stored_section":"WHAT CHANGES","heading":"Floating provisions may net off","plain_english":"Floating sums not counted in Tier 2 may be cut from gross bad loans.","rbi_paragraph":"Para 10(4)","rbi_char_offset":64815,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p47","layer":"bankpulse"},{"n":1,"claim":"md13066-1def4ca5","page_group":"Chapter IV. Other instructions","stored_section":"WHAT CHANGES","heading":"Blocked Account credits","plain_english":"Credit entries unreconciled for more than five years move to a Blocked Account.","rbi_paragraph":"Para 16(1)","rbi_char_offset":99165,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p48","layer":"bankpulse"},{"n":2,"claim":"md13066-5055bb19","page_group":"Chapter IV. Other instructions","stored_section":"WHAT CHANGES","heading":"Old Nostro debits","plain_english":"Banks must fully provide for unreconciled Nostro debit entries older than two years.","rbi_paragraph":"Para 16(5)","rbi_char_offset":101221,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p49","layer":"bankpulse"},{"n":3,"claim":"md13066-069e9173","page_group":"Chapter IV. Other instructions","stored_section":"WHAT CHANGES","heading":"Withdrawal disclosure","plain_english":"Banks need RBI's approval to draw money out of reserves, and must disclose it separately.","rbi_paragraph":"Para 16(2)","rbi_char_offset":102656,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p50","layer":"bankpulse"},{"n":4,"claim":"md13066-d585a571","page_group":"Chapter IV. Other instructions","stored_section":"WHAT CHANGES","heading":"Unclaimed transitory balances","plain_english":"Unclaimed balances in transitory accounts cannot be moved to profit or to reserves.","rbi_paragraph":"Para 19","rbi_char_offset":104635,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p51","layer":"bankpulse"},{"n":5,"claim":"md13066-90a54a57","page_group":"Chapter IV. Other instructions","stored_section":"WHAT CHANGES","heading":"Late-report penalty","plain_english":"If a bank reports fraud late, it must set aside the full provision at once.","rbi_paragraph":"Para 18","rbi_char_offset":104450,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p52","layer":"bankpulse"},{"n":6,"claim":"md13066-4ce173cb","page_group":"Chapter IV. Other instructions","stored_section":"WHAT CHANGES","heading":"Deferred tax rule","plain_english":"Banks must set aside deferred tax on the Special Reserve under the Income Tax Act.","rbi_paragraph":"Para 20","rbi_char_offset":104905,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p53","layer":"bankpulse"},{"n":7,"claim":"md13066-56f8fb88","page_group":"Chapter IV. Other instructions","stored_section":"WHAT CHANGES","heading":"True and fair picture","plain_english":"The balance sheet and profit and loss account must show a true and fair picture.","rbi_paragraph":"Para 21","rbi_char_offset":105047,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p54","layer":"bankpulse"},{"n":8,"claim":"md13066-1ec1c77e","page_group":"Chapter IV. Other instructions","stored_section":"WHAT CHANGES","heading":"Reserve withdrawal approval","plain_english":"Banks need RBI's approval before taking money out of the Statutory Reserve or any other reserve.","rbi_paragraph":"Para 16(1)","rbi_char_offset":102219,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p55","layer":"bankpulse"},{"n":9,"claim":"md13066-601cef70","page_group":"Chapter IV. Other instructions","stored_section":"WHAT CHANGES","heading":"Fraud provision spreading","plain_english":"A bank that reports fraud on time can spread the provision over four quarters.","rbi_paragraph":"Para 16(4)","rbi_char_offset":103645,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p56","layer":"bankpulse"},{"n":10,"claim":"md13066-53c454b8","page_group":"Chapter IV. Other instructions","stored_section":"WHAT CHANGES","heading":"Window dressing penalty","plain_english":"RBI treats window dressing and hiding bad loans seriously and can take penal action.","rbi_paragraph":"Para 22","rbi_char_offset":105556,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p57","layer":"bankpulse"},{"n":1,"claim":"md13066-af520005","page_group":"Chapter V. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Older rules cancelled","plain_english":"This document cancels the older financial-statement rules for Commercial Banks.","rbi_paragraph":"Para 23","rbi_char_offset":105776,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p58","layer":"bankpulse"},{"n":2,"claim":"md13066-30fee77a","page_group":"Chapter V. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old cases continue","plain_english":"Penalties and legal cases already started under the old rules still continue.","rbi_paragraph":"Para 24","rbi_char_offset":106198,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13066#p59","layer":"bankpulse"}],"actions":[],"amendments":[{"id":"nt13259","title":"Reserve Bank of India (Local Area Banks – Financial Statements:  Presentation and Disclosures) – Amendment Directions, 2026","date":"Jan 05, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13259&Mode=0","order":1,"layer":"rbi_source"},{"id":"nt13338","title":"Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) Second Amendment Directions, 2026","date":"Mar 16, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13338&Mode=0","order":2,"layer":"rbi_source"},{"id":"nt13459","title":"Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) Third Amendment Directions, 2026","date":"May 18, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13459&Mode=0","order":3,"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."}