{"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":"md13068","title":"Reserve Bank of India (Local Area Banks – Resolution of Stressed Assets) Directions, 2025 (Updated as on July 1, 2026)","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13068","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":"md13068","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/md13068.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13068","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:17:28 UTC","text_sha256":"4726ef0d54c21247f39bb963de285545fc7ebefcf521a4cc209a74144e04035b","word_count":5469,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":29,"points_naming_an_rbi_paragraph":29,"points_stored":29,"actions":0,"amendments":2},"points":[{"n":1,"claim":"md13068-8307ab9b","page_group":"Chapter I. 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General Requirements","stored_section":"WHO SHOULD ACT","heading":"Full Board approval","plain_english":"Settling with a fraud or wilful defaulter account needs the full Board's approval.","rbi_paragraph":"Para 7(5)","rbi_char_offset":9331,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13068#p13","layer":"bankpulse"},{"n":1,"claim":"md13068-4d243cf3","page_group":"Chapter III. Prudential Norms Applicable to Restructuring","stored_section":"WHAT CHANGES","heading":"Fraud accounts barred","plain_english":"Banks cannot restructure loans linked to fraud or wilful default.","rbi_paragraph":"Para 14","rbi_char_offset":12371,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13068#p14","layer":"bankpulse"},{"n":1,"claim":"md13068-2515c3b5","page_group":"Chapter IV. Special Cases of Restructuring","stored_section":"THE CORE IDEA","heading":"Settlement is not a right","plain_english":"A borrower cannot demand a compromise settlement; it is the lender's judgement.","rbi_paragraph":"Para 17","rbi_char_offset":13245,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13068#p15","layer":"bankpulse"},{"n":2,"claim":"md13068-6c9ef0e5","page_group":"Chapter IV. Special Cases of Restructuring","stored_section":"WHAT CHANGES","heading":"Three months makes restructuring","plain_english":"A settlement paid over more than three months counts as restructuring.","rbi_paragraph":"Para 19","rbi_char_offset":14041,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13068#p16","layer":"bankpulse"},{"n":3,"claim":"md13068-dc2948ad","page_group":"Chapter IV. 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Special Cases of Restructuring","stored_section":"KEY DATES","heading":"A cooling period after settlement","plain_english":"A cooling period set by the Board policy must pass before fresh exposure to that borrower.","rbi_paragraph":"Para 25","rbi_char_offset":16187,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13068#p21","layer":"bankpulse"},{"n":8,"claim":"md13068-3b8a3dcd","page_group":"Chapter IV. Special Cases of Restructuring","stored_section":"THE CORE IDEA","heading":"Part settlement is restructuring","plain_english":"Any part settlement with the borrower also counts as restructuring.","rbi_paragraph":"Para 20","rbi_char_offset":14127,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13068#p22","layer":"bankpulse"},{"n":9,"claim":"md13068-7afdbd19","page_group":"Chapter IV. Special Cases of Restructuring","stored_section":"THE CORE IDEA","heading":"The right to recover stays","plain_english":"A technical write-off does not weaken the right to recover from the borrower.","rbi_paragraph":"Para 21","rbi_char_offset":14549,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13068#p23","layer":"bankpulse"},{"n":10,"claim":"md13068-2b773080","page_group":"Chapter IV. Special Cases of Restructuring","stored_section":"WHAT CHANGES","heading":"Measure against the original","plain_english":"After a part write-off, provisions and grading still work off the original exposure.","rbi_paragraph":"Para 22","rbi_char_offset":14993,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13068#p24","layer":"bankpulse"},{"n":11,"claim":"md13068-5e4c8e3e","page_group":"Chapter IV. Special Cases of Restructuring","stored_section":"WHO SHOULD ACT","heading":"Board sets the farm gap","plain_english":"The cooling period for farm credit is set by the lender's own Board policy.","rbi_paragraph":"Para 25","rbi_char_offset":16596,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":["agriculture-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13068#p25","layer":"bankpulse"},{"n":1,"claim":"md13068-f8d185fa","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"KEY DATES","heading":"Latest update","plain_english":"The version in force today was updated on July 1, 2026.","rbi_paragraph":"Para 52","rbi_char_offset":35830,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13068#p26","layer":"bankpulse"},{"n":2,"claim":"md13068-0e9e083f","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Older rules repealed","plain_english":"This document repeals all earlier stressed-asset rules for commercial banks.","rbi_paragraph":"Para 49","rbi_char_offset":33670,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13068#p27","layer":"bankpulse"},{"n":3,"claim":"md13068-30fee77a","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old cases continue","plain_english":"Action already taken under the old rules stays governed by them.","rbi_paragraph":"Para 50","rbi_char_offset":34126,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13068#p28","layer":"bankpulse"},{"n":4,"claim":"md13068-b0bc422a","page_group":"Chapter VII. 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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."}