{"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":"md13097","title":"Reserve Bank of India (Payments Banks – Prudential Norms on Capital Adequacy) Directions, 2025 (updated as on May 08, 2026)","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13097","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":"Payments banks","class_code":"PB","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13097","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/md13097.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13097","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:17:03 UTC","text_sha256":"ffda08e5b2f06e894651eac050aa77253d9d0b83270113cc0025890eff8df1a6","word_count":35440,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":93,"points_naming_an_rbi_paragraph":93,"points_stored":93,"actions":0,"amendments":2},"points":[{"n":1,"claim":"md13097-1ecdd219","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"Capital for payments banks","plain_english":"This document sets how much capital payments banks must hold.","rbi_paragraph":"Para 1","rbi_char_offset":3247,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p1","layer":"bankpulse"},{"n":2,"claim":"md13097-1897bb38","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Start date","plain_english":"These Directions took effect on the day RBI issued them.","rbi_paragraph":"Para 2","rbi_char_offset":3389,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"There is no gap here between issue and effect. The Directions come into effect immediately upon issuance. A bank cannot wait for a separate start date, because there is none.","anchor":"https://bankpulse.ai/rule/md13097#p2","layer":"bankpulse"},{"n":3,"claim":"md13097-d4ecdf78","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"In force at once","plain_english":"The rules took effect the day they were issued. There was no grace period.","rbi_paragraph":"Para 2","rbi_char_offset":3394,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p3","layer":"bankpulse"},{"n":4,"claim":"md13097-db3c807c","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These Directions apply to every payments bank.","rbi_paragraph":"Para 3","rbi_char_offset":3458,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p4","layer":"bankpulse"},{"n":1,"claim":"md13097-77fbc404","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Fifteen per cent floor","plain_english":"Total capital must stay at least 15 per cent of risk weighted assets at all times.","rbi_paragraph":"Para 8(4)","rbi_char_offset":13312,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"Total capital must stay at least 15 per cent of risk weighted assets. Suppose risk weighted assets are ₹1,000 crore. That works out to ₹150 crore.","anchor":"https://bankpulse.ai/rule/md13097#p5","layer":"bankpulse"},{"n":2,"claim":"md13097-d149bab6","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Tier 2 against Tier 1","plain_english":"Tier 2 capital can never be more than Tier 1 capital.","rbi_paragraph":"Para 8(4)","rbi_char_offset":13571,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"Tier 2 capital may not exceed 100 per cent of Tier 1. Suppose Tier 1 is ₹300 crore. Then Tier 2 counts to ₹300 crore, and anything beyond that does not.","anchor":"https://bankpulse.ai/rule/md13097#p6","layer":"bankpulse"},{"n":3,"claim":"md13097-3fe3d021","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"No loans on own shares","plain_english":"Lending against its own shares would be funding its own capital, so it is barred.","rbi_paragraph":"Para 10","rbi_char_offset":20854,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p7","layer":"bankpulse"},{"n":4,"claim":"md13097-a68b6963","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"No put option allowed","plain_english":"Perpetual non-cumulative preference shares cannot carry a put option.","rbi_paragraph":"Para 12(6)","rbi_char_offset":23904,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p8","layer":"bankpulse"},{"n":5,"claim":"md13097-4dd52226","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Do not hint at redemption","plain_english":"The issuer must not create any expectation of an early redemption.","rbi_paragraph":"Para 12(6)","rbi_char_offset":26942,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p9","layer":"bankpulse"},{"n":6,"claim":"md13097-e189ae1a","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Short payment not made up","plain_english":"If less than the set rate is paid, the shortfall is never made good.","rbi_paragraph":"Para 12(9)","rbi_char_offset":30079,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p10","layer":"bankpulse"},{"n":7,"claim":"md13097-5aaac3a9","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"No rating linked coupon","plain_english":"The coupon cannot be reset according to the issuer's own credit standing.","rbi_paragraph":"Para 12(9)","rbi_char_offset":30296,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p11","layer":"bankpulse"},{"n":8,"claim":"md13097-9f7c79aa","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Trigger for preference shares","plain_english":"Loss absorption starts when core capital falls to 7 per cent of risk weighted assets.","rbi_paragraph":"Para 12(11)","rbi_char_offset":32481,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p12","layer":"bankpulse"},{"n":9,"claim":"md13097-bde9b11f","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Trigger for perpetual debt","plain_english":"The same 7 per cent trigger applies to perpetual debt instruments.","rbi_paragraph":"Para 13(9)","rbi_char_offset":49290,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p13","layer":"bankpulse"},{"n":10,"claim":"md13097-1a21d183","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"No lending against own paper","plain_english":"No advance may be given against the security of the issuer's own debt instruments.","rbi_paragraph":"Para 13(11)","rbi_char_offset":49700,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p14","layer":"bankpulse"},{"n":11,"claim":"md13097-40ec81af","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"Tell RBI of misses","plain_english":"Every missed coupon and unexercised call option must be reported to the Reserve Bank.","rbi_paragraph":"Para 13(13)","rbi_char_offset":50099,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p15","layer":"bankpulse"},{"n":12,"claim":"md13097-983301aa","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"No deposit rate benchmark","plain_english":"A floating rate instrument cannot use the bank's own deposit rate as its benchmark.","rbi_paragraph":"Para 13(21)","rbi_char_offset":54616,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p16","layer":"bankpulse"},{"n":13,"claim":"md13097-b63f698b","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"General provisions capped","plain_english":"These items count as Tier 2 only up to 1.25 per cent of credit risk assets.","rbi_paragraph":"Para 14","rbi_char_offset":56262,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p17","layer":"bankpulse"},{"n":14,"claim":"md13097-458b0204","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Tier 2 debt minimum","plain_english":"A Tier 2 debt instrument must run for at least five years.","rbi_paragraph":"Para 15(3)","rbi_char_offset":58330,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p18","layer":"bankpulse"},{"n":15,"claim":"md13097-2ebf074d","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Upper Tier 2 minimum","plain_english":"An Upper Tier 2 instrument must run for at least 15 years.","rbi_paragraph":"Para 16(3)","rbi_char_offset":69431,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"An Upper Tier 2 instrument has a minimum maturity of 15 years. One written for 12 years does not qualify. One written for 20 years does.","anchor":"https://bankpulse.ai/rule/md13097#p19","layer":"bankpulse"},{"n":16,"claim":"md13097-0b2f16d9","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Fifteen year minimum","plain_english":"An upper Tier 2 instrument must run for at least fifteen years.","rbi_paragraph":"Para 16(3)","rbi_char_offset":69454,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"An Upper Tier 2 instrument has a minimum maturity of 15 years. One written for 12 years does not qualify. One written for 20 years does.","anchor":"https://bankpulse.ai/rule/md13097#p20","layer":"bankpulse"},{"n":17,"claim":"md13097-c025459d","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Holder cannot force repayment","plain_english":"The investor cannot demand redemption of these shares.","rbi_paragraph":"Para 16(9)","rbi_char_offset":73020,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p21","layer":"bankpulse"},{"n":18,"claim":"md13097-aa11ec17","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"RBI approves redemption","plain_english":"No redemption may take place without the Reserve Bank's prior approval.","rbi_paragraph":"Para 16(9)","rbi_char_offset":73089,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p22","layer":"bankpulse"},{"n":19,"claim":"md13097-3211d64d","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Foreign currency Upper Tier 2","plain_english":"Upper Tier 2 issued in foreign currency cannot cross 25 per cent of Tier 1 capital.","rbi_paragraph":"Para 16(11)","rbi_char_offset":74338,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"Upper Tier 2 raised in foreign currency may not exceed 25 per cent of Tier 1. Suppose Tier 1 is ₹400 crore. The foreign currency slice stops at ₹100 crore.","anchor":"https://bankpulse.ai/rule/md13097#p23","layer":"bankpulse"},{"n":20,"claim":"md13097-be0c119d","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Five years or nothing","plain_english":"Subordinated debt with an initial maturity under 5 years does not count as Tier 2 capital.","rbi_paragraph":"Para 17(2)","rbi_char_offset":79647,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p24","layer":"bankpulse"},{"n":21,"claim":"md13097-2d3b3d4b","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Subordinated debt capped","plain_english":"Subordinated debt counts only up to 50 per cent of Tier 1 capital.","rbi_paragraph":"Para 17(8)","rbi_char_offset":82946,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p25","layer":"bankpulse"},{"n":22,"claim":"md13097-0c31b99d","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Holding another bank's debt","plain_english":"Subordinated debt of another bank held by the bank carries a 100 per cent weight.","rbi_paragraph":"Para 17(11)","rbi_char_offset":83884,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p26","layer":"bankpulse"},{"n":23,"claim":"md13097-721c325b","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Specified items capped","plain_english":"Certain specified items count only up to 15 per cent of core capital.","rbi_paragraph":"Para 18(7)","rbi_char_offset":90653,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p27","layer":"bankpulse"},{"n":24,"claim":"md13097-012d72bc","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Threshold at fifteen per cent","plain_english":"Specified items are limited to 15 per cent of Common Equity Tier 1 capital.","rbi_paragraph":"Para 18(7)","rbi_char_offset":92246,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p28","layer":"bankpulse"},{"n":25,"claim":"md13097-66dc80ef","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"RBI approval to repay capital","plain_english":"A bank cannot repay its equity capital without approval from RBI.","rbi_paragraph":"Para 18(6)","rbi_char_offset":94852,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p29","layer":"bankpulse"},{"n":26,"claim":"md13097-b27aa8cc","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Underwriting beyond five days","plain_english":"Underwriting positions held longer than five working days must be included.","rbi_paragraph":"Para 18(8)","rbi_char_offset":101271,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p30","layer":"bankpulse"},{"n":27,"claim":"md13097-d88bf57a","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"Other regulators still apply","plain_english":"Conditions set by the market regulator or any other authority must also be met.","rbi_paragraph":"Para 12(16)","rbi_char_offset":34775,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p31","layer":"bankpulse"},{"n":28,"claim":"md13097-d9153051","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"Investor must sign off","plain_english":"The loss absorbency features must be explained and the investor must sign off.","rbi_paragraph":"Para 12(21)","rbi_char_offset":38341,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p32","layer":"bankpulse"},{"n":29,"claim":"md13097-7418960d","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"Other regulators apply too","plain_english":"Conditions set by the market regulator or any other authority must also be met.","rbi_paragraph":"Para 13(15)","rbi_char_offset":51436,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p33","layer":"bankpulse"},{"n":30,"claim":"md13097-857f3a59","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"Look through an index","plain_english":"A holding in an index must be looked through to the capital underneath it.","rbi_paragraph":"Para 18(6)","rbi_char_offset":95338,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p34","layer":"bankpulse"},{"n":31,"claim":"md13097-afd806dc","page_group":"Chapter II. Regulatory Capital","stored_section":"THE CORE IDEA","heading":"Two tiers of capital","plain_english":"Total regulatory capital is the sum of Tier 1 capital and Tier 2 capital.","rbi_paragraph":"Para 7","rbi_char_offset":12365,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p35","layer":"bankpulse"},{"n":32,"claim":"md13097-11eb3999","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Dividend from this year only","plain_english":"A dividend on common shares may be paid only out of the current year's profit.","rbi_paragraph":"Para 10","rbi_char_offset":19473,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p36","layer":"bankpulse"},{"n":33,"claim":"md13097-17825635","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"Board fixes the amount","plain_english":"The Board decides how much of the instrument may be raised.","rbi_paragraph":"Para 12(2)","rbi_char_offset":22956,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p37","layer":"bankpulse"},{"n":34,"claim":"md13097-bc298be6","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Preference shares are perpetual","plain_english":"These preference shares carry no maturity date and no reward for early repayment.","rbi_paragraph":"Para 12(4)","rbi_char_offset":23605,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p38","layer":"bankpulse"},{"n":35,"claim":"md13097-2b42cc95","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Fixed or floating dividend","plain_english":"The dividend may be at a fixed rate or one tied to a market benchmark.","rbi_paragraph":"Para 12(5)","rbi_char_offset":23738,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p39","layer":"bankpulse"},{"n":36,"claim":"md13097-f0ac66ae","page_group":"Chapter II. Regulatory Capital","stored_section":"THE CORE IDEA","heading":"Skipped payment, no default","plain_english":"Cancelling a discretionary payment is not an event of default.","rbi_paragraph":"Para 12(9)","rbi_char_offset":28861,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p40","layer":"bankpulse"},{"n":37,"claim":"md13097-019e08cd","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"Approval for a floating rate","plain_english":"Offering a floating reference rate needs the Reserve Bank's prior approval.","rbi_paragraph":"Para 12(9)","rbi_char_offset":30717,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p41","layer":"bankpulse"},{"n":38,"claim":"md13097-05dd181c","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Outside the borrowing limit","plain_english":"Foreign investment in these instruments sits outside the external borrowing limit.","rbi_paragraph":"Para 12(16)","rbi_char_offset":34405,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p42","layer":"bankpulse"},{"n":39,"claim":"md13097-bdfa82e8","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Held paper carries weight","plain_english":"Holdings of another bank's capital paper carry a risk weight of their own.","rbi_paragraph":"Para 12(7)","rbi_char_offset":36952,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p43","layer":"bankpulse"},{"n":40,"claim":"md13097-5461bf7d","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Counted as market exposure","plain_english":"Holding another bank's perpetual shares counts against the capital market ceiling.","rbi_paragraph":"Para 12(7)","rbi_char_offset":37141,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["advance-against-securities"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p44","layer":"bankpulse"},{"n":41,"claim":"md13097-8abe7022","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"Board decides the amount","plain_english":"The Board decides how much of each capital instrument the bank raises.","rbi_paragraph":"Para 13(2)","rbi_char_offset":39042,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p45","layer":"bankpulse"},{"n":42,"claim":"md13097-207f6535","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Fixed or floating rate","plain_english":"Interest may be at a fixed rate or a rate tied to a market benchmark.","rbi_paragraph":"Para 13(5)","rbi_char_offset":39825,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p46","layer":"bankpulse"},{"n":43,"claim":"md13097-d797b1cc","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Losses netted off first","plain_english":"Accumulated losses and deferred revenue expenditure are netted off first.","rbi_paragraph":"Para 13(8)","rbi_char_offset":45612,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p47","layer":"bankpulse"},{"n":44,"claim":"md13097-0f96ebb0","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Written down near maturity","plain_english":"These debt instruments are written down as they approach maturity.","rbi_paragraph":"Para 15(4)","rbi_char_offset":58453,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p48","layer":"bankpulse"},{"n":45,"claim":"md13097-1fea0daf","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"RBI clears every call","plain_english":"A call option may be used only after prior approval of the Reserve Bank.","rbi_paragraph":"Para 15(6)","rbi_char_offset":59783,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p49","layer":"bankpulse"},{"n":46,"claim":"md13097-6e5fdf70","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Foreign investor ceiling","plain_english":"Foreign institutional holding of these instruments has a separate ceiling of 500 million dollars.","rbi_paragraph":"Para 15(12)","rbi_char_offset":63347,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p50","layer":"bankpulse"},{"n":47,"claim":"md13097-93686d1f","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"Board sets the amount","plain_english":"The Board of Directors decides how much Upper Tier 2 capital the bank will raise.","rbi_paragraph":"Para 16(1)","rbi_char_offset":68927,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p51","layer":"bankpulse"},{"n":48,"claim":"md13097-2642d3e0","page_group":"Chapter II. Regulatory Capital","stored_section":"THE CORE IDEA","heading":"Limit measured after goodwill","plain_english":"The ceiling is measured on Tier 1 after goodwill and intangibles are removed.","rbi_paragraph":"Para 16(2)","rbi_char_offset":69225,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p52","layer":"bankpulse"},{"n":49,"claim":"md13097-54609d58","page_group":"Chapter II. Regulatory Capital","stored_section":"WHO SHOULD ACT","heading":"RBI approval to redeem","plain_english":"Every redemption of a capital instrument needs prior approval from RBI.","rbi_paragraph":"Para 16(9)","rbi_char_offset":73086,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p53","layer":"bankpulse"},{"n":50,"claim":"md13097-45973d8f","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Foreign holding is capped","plain_english":"Foreign institutional investment in these instruments has a separate ceiling.","rbi_paragraph":"Para 16(10)","rbi_char_offset":73526,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p54","layer":"bankpulse"},{"n":51,"claim":"md13097-fd3eca08","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Goodwill deducted","plain_english":"Goodwill paid on buying a stake in an associate is deducted from core capital.","rbi_paragraph":"Para 18(1)","rbi_char_offset":87420,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p55","layer":"bankpulse"},{"n":52,"claim":"md13097-87cdc6ec","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Losses are removed","plain_english":"Losses of this period and earlier periods are deducted from core capital.","rbi_paragraph":"Para 18(1)","rbi_char_offset":87944,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p56","layer":"bankpulse"},{"n":53,"claim":"md13097-34654ce3","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Loss-linked tax assets","plain_english":"Deferred tax assets linked to past losses are deducted in full from core capital.","rbi_paragraph":"Para 18(2)","rbi_char_offset":88131,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p57","layer":"bankpulse"},{"n":54,"claim":"md13097-abf8bbeb","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Cross holdings deducted","plain_english":"Capital that two institutions hold in each other is deducted in full.","rbi_paragraph":"Para 18(8)","rbi_char_offset":99527,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p58","layer":"bankpulse"},{"n":55,"claim":"md13097-a0262cac","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Poor ratings weigh more","plain_english":"Where ratings differ, the one carrying the higher risk weight is applied.","rbi_paragraph":"Para 18(7)","rbi_char_offset":104410,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p59","layer":"bankpulse"},{"n":56,"claim":"md13097-632432ee","page_group":"Chapter II. Regulatory Capital","stored_section":"WHAT CHANGES","heading":"Bank-backed returns not capital","plain_english":"Capital whose investor returns the bank has guaranteed does not count as capital.","rbi_paragraph":"Para 18","rbi_char_offset":114415,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p60","layer":"bankpulse"},{"n":1,"claim":"md13097-e008ef44","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"State guarantee at twenty","plain_english":"A claim guaranteed by a State Government carries a 20 per cent risk weight.","rbi_paragraph":"Para 23","rbi_char_offset":115980,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p61","layer":"bankpulse"},{"n":2,"claim":"md13097-ca2f79a7","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Core investment companies","plain_english":"An exposure to a core investment company carries a 100 per cent risk weight.","rbi_paragraph":"Para 33","rbi_char_offset":122171,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p62","layer":"bankpulse"},{"n":3,"claim":"md13097-6a506c31","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"No better than the country","plain_english":"An unrated company cannot get a better weight than the country it belongs to.","rbi_paragraph":"Para 33(1)","rbi_char_offset":123482,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p63","layer":"bankpulse"},{"n":4,"claim":"md13097-7c477b69","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Large unrated claims","plain_english":"An unrated claim above the stated system-wide exposure carries 150 per cent.","rbi_paragraph":"Para 33(2)","rbi_char_offset":123608,"weight":"MUST KNOW","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p64","layer":"bankpulse"},{"n":5,"claim":"md13097-b88f3b30","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Rating lost above ₹100 crore","plain_english":"A claim above ₹100 crore that loses its rating also carries 150 per cent.","rbi_paragraph":"Para 33(2)","rbi_char_offset":123663,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p65","layer":"bankpulse"},{"n":6,"claim":"md13097-8944f894","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"NBFC capital risk weighted","plain_english":"Exposure to NBFC capital instruments that is not deducted is risk weighted at 125 per cent.","rbi_paragraph":"Para 42","rbi_char_offset":127799,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p66","layer":"bankpulse"},{"n":7,"claim":"md13097-906eaab3","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Finance company equity","plain_english":"Equity in a non-banking finance company that is not deducted carries 250 per cent.","rbi_paragraph":"Para 42(7)","rbi_char_offset":128055,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p67","layer":"bankpulse"},{"n":8,"claim":"md13097-0a1c969c","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Secured staff loans","plain_english":"A staff loan covered by retirement benefits or a house mortgage carries 20 per cent.","rbi_paragraph":"Para 46","rbi_char_offset":129786,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p68","layer":"bankpulse"},{"n":9,"claim":"md13097-a560658e","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Everything else at 100","plain_english":"All other assets carry a uniform risk weight of 100 per cent.","rbi_paragraph":"Para 48","rbi_char_offset":130569,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p69","layer":"bankpulse"},{"n":10,"claim":"md13097-6184e36c","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Qualifying clearing house","plain_english":"Collateral counted as a trade exposure with a qualifying clearing house carries 2 per cent.","rbi_paragraph":"Para 53(5)","rbi_char_offset":154194,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p70","layer":"bankpulse"},{"n":11,"claim":"md13097-6901bb43","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Weak clearing house","plain_english":"A default fund contribution to a non-qualifying clearing house carries 1,250 per cent.","rbi_paragraph":"Para 53(5)","rbi_char_offset":157687,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p71","layer":"bankpulse"},{"n":12,"claim":"md13097-b5d6572f","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Walkaway deals not netted","plain_english":"A contract with a walkaway clause cannot be netted when capital is worked out.","rbi_paragraph":"Para 54(2)","rbi_char_offset":166262,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p72","layer":"bankpulse"},{"n":13,"claim":"md13097-a33a5789","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Risk cover never costs more","plain_english":"Using a credit risk mitigation technique must never raise the capital requirement.","rbi_paragraph":"Para 57(1)","rbi_char_offset":167128,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p73","layer":"bankpulse"},{"n":14,"claim":"md13097-3f974491","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Extra over standard provision","plain_english":"These provisions come on top of the general provision of 0.4 per cent on positive values.","rbi_paragraph":"Para 82(2)","rbi_char_offset":209621,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p74","layer":"bankpulse"},{"n":15,"claim":"md13097-77232d9c","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Standardised approach for credit","plain_english":"The bank must use the standardised approach to work out its capital charge for credit risk.","rbi_paragraph":"Para 20","rbi_char_offset":115305,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p75","layer":"bankpulse"},{"n":16,"claim":"md13097-77045c92","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Collateral must stand apart","plain_english":"Collateral protects only if its value does not move with the counterparty's credit quality.","rbi_paragraph":"Para 60(2)","rbi_char_offset":171003,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p76","layer":"bankpulse"},{"n":17,"claim":"md13097-dd584b64","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Adjust exposure for collateral","plain_english":"The bank must adjust its exposure to a counterparty to reflect the collateral it holds.","rbi_paragraph":"Para 62(1)","rbi_char_offset":173031,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p77","layer":"bankpulse"},{"n":18,"claim":"md13097-cf9bb626","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHO SHOULD ACT","heading":"Framework for prudent valuation","plain_english":"The bank must have a framework for prudent valuation of positions carried at fair value.","rbi_paragraph":"Para 82","rbi_char_offset":203103,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p78","layer":"bankpulse"},{"n":19,"claim":"md13097-32151744","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"THE CORE IDEA","heading":"No market risk charge","plain_english":"Payments banks carry no capital charge for market risk or operational risk today.","rbi_paragraph":"Para 19","rbi_char_offset":115161,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p79","layer":"bankpulse"},{"n":20,"claim":"md13097-6917668e","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Central guarantee at zero","plain_english":"A claim guaranteed by the Central Government also carries a zero risk weight.","rbi_paragraph":"Para 22","rbi_char_offset":115826,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p80","layer":"bankpulse"},{"n":21,"claim":"md13097-14785a03","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"State securities at zero","plain_english":"An investment in State Government securities carries a zero risk weight.","rbi_paragraph":"Para 23","rbi_char_offset":115892,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p81","layer":"bankpulse"},{"n":22,"claim":"md13097-cb5ba5cf","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"RBI treated as government","plain_english":"Claims on RBI and on the deposit insurance body carry the Central Government weight.","rbi_paragraph":"Para 24","rbi_char_offset":116046,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p82","layer":"bankpulse"},{"n":23,"claim":"md13097-4df4c374","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Current exposure method used","plain_english":"Default risk capital is worked out using the current exposure method.","rbi_paragraph":"Para 52(1)","rbi_char_offset":135721,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p83","layer":"bankpulse"},{"n":24,"claim":"md13097-a8634385","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Net across maturities","plain_english":"Within a netting set, trades are netted and the worst counterparty rating sets the weight.","rbi_paragraph":"Para 52(2)","rbi_char_offset":142365,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p84","layer":"bankpulse"},{"n":25,"claim":"md13097-12d9afa0","page_group":"Chapter III. Calculation of risk weighted assets (RWAs)","stored_section":"WHAT CHANGES","heading":"Government securities carry zero","plain_english":"The capital charge for credit risk on government securities is zero.","rbi_paragraph":"Para 66(9)","rbi_char_offset":190786,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p85","layer":"bankpulse"},{"n":1,"claim":"md13097-ed6525ca","page_group":"Chapter V. Leverage ratio framework","stored_section":"WHAT CHANGES","heading":"Leverage limit","plain_english":"Outside liabilities cannot cross 33.33 times net worth. That is a leverage ratio of 3 per cent.","rbi_paragraph":"Para 84","rbi_char_offset":215155,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p86","layer":"bankpulse"},{"n":1,"claim":"md13097-5972649e","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Older rules cancelled","plain_english":"This document cancels the earlier conduct rules for these institutions.","rbi_paragraph":"Para 86","rbi_char_offset":215910,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p87","layer":"bankpulse"},{"n":2,"claim":"md13097-5b58d0f9","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Earlier repeals stand","plain_english":"Guidelines already repealed before these Directions stay repealed.","rbi_paragraph":"Para 86","rbi_char_offset":215983,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p88","layer":"bankpulse"},{"n":3,"claim":"md13097-8334d341","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old rules stay repealed","plain_english":"Rules repealed before this document was issued remain repealed.","rbi_paragraph":"Para 86","rbi_char_offset":216041,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p89","layer":"bankpulse"},{"n":4,"claim":"md13097-7fbea917","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old actions preserved","plain_english":"Anything already done under the old rules stays governed by those old rules.","rbi_paragraph":"Para 87","rbi_char_offset":216172,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p90","layer":"bankpulse"},{"n":5,"claim":"md13097-ae84b68d","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Approvals carried over","plain_english":"Approvals given under the cancelled rules are now treated as given under these rules.","rbi_paragraph":"Para 87","rbi_char_offset":216362,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p91","layer":"bankpulse"},{"n":6,"claim":"md13097-cb5408f8","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"IMPACT","heading":"Other laws still apply","plain_english":"These Directions add to other laws. They do not replace any of them.","rbi_paragraph":"Para 88","rbi_char_offset":217242,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p92","layer":"bankpulse"},{"n":7,"claim":"md13097-4bb37a7e","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHO SHOULD ACT","heading":"RBI's reading final","plain_english":"RBI's interpretation of any part of these Directions is final and binding.","rbi_paragraph":"Para 89","rbi_char_offset":217684,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13097#p93","layer":"bankpulse"}],"actions":[],"amendments":[{"id":"nt13330","title":"Reserve Bank of India (Payments Banks - Prudential Norms on Capital Adequacy) Amendment Directions, 2026","date":"Mar 10, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13330&Mode=0","order":1,"layer":"rbi_source"},{"id":"nt13448","title":"Reserve Bank of India (Payments Banks - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026","date":"May 08, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13448&Mode=0","order":2,"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."}