{"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":"md13115","title":"Reserve Bank of India (Small Finance Banks – Asset Liability Management) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13115","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":"Small finance banks","class_code":"SFB","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13115","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":"April 01, 2026","stated":true,"why":"The day this rule starts to apply, as RBI's own text states it."},"transition":{"label":"Time to get ready","value":"124 days","stated":true,"why":"The room between the day it was published and the day it starts to apply."},"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/md13115.json","effective":"data/date_kinds.json kind=effective_date","transition":"worked out from published and starts-to-apply","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13115","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:16:10 UTC","text_sha256":"19aeffd927604ec09ed08c5f3633143d940b9222fd207b8bdd7e0d04825da993","word_count":29726,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":80,"points_naming_an_rbi_paragraph":80,"points_stored":80,"actions":0,"amendments":1},"points":[{"n":1,"claim":"md13115-304a0211","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"Liquidity rules for SFBs","plain_english":"This document sets how small finance banks must manage liquidity risk.","rbi_paragraph":"Para 1","rbi_char_offset":6646,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p1","layer":"bankpulse"},{"n":2,"claim":"md13115-479d61d5","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"In force from issue","plain_english":"The rules took effect on the day RBI issued them.","rbi_paragraph":"Para 2","rbi_char_offset":6777,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p2","layer":"bankpulse"},{"n":3,"claim":"md13115-13e9a109","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These Directions apply to every small finance bank.","rbi_paragraph":"Para 3","rbi_char_offset":6855,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p3","layer":"bankpulse"},{"n":4,"claim":"md13115-478692bd","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"Intraday liquidity","plain_english":"Intraday liquidity is money the bank can use during the day to make payments on time.","rbi_paragraph":"Para 4(6)","rbi_char_offset":8683,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p4","layer":"bankpulse"},{"n":5,"claim":"md13115-d25872e9","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"Funding liquidity risk","plain_english":"Funding liquidity risk is the risk of not meeting cash and collateral needs when they fall due.","rbi_paragraph":"Para 4(8)","rbi_char_offset":9069,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p5","layer":"bankpulse"},{"n":6,"claim":"md13115-dfaa1d76","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"The overnight window","plain_english":"The marginal standing facility is the window named in the RBI press release.","rbi_paragraph":"Para 4(9)","rbi_char_offset":9296,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p6","layer":"bankpulse"},{"n":1,"claim":"md13115-6d2704c9","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Board must understand it","plain_english":"The Board must understand the liquidity risk of every branch and subsidiary.","rbi_paragraph":"Para 7","rbi_char_offset":11280,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p7","layer":"bankpulse"},{"n":2,"claim":"md13115-a6495b3c","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Appetite understood everywhere","plain_english":"The Board must see that the risk appetite is understood at every level.","rbi_paragraph":"Para 8","rbi_char_offset":11473,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p8","layer":"bankpulse"},{"n":3,"claim":"md13115-d94c3a8c","page_group":"Chapter II. Role of the Board","stored_section":"KEY DATES","heading":"Yearly policy review","plain_english":"The Board must review the liquidity policies at least once a year.","rbi_paragraph":"Para 10","rbi_char_offset":11861,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p9","layer":"bankpulse"},{"n":4,"claim":"md13115-378b9104","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Say how much risk","plain_english":"An explicit statement must define how much liquidity risk will be carried.","rbi_paragraph":"Para 11","rbi_char_offset":12389,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p10","layer":"bankpulse"},{"n":5,"claim":"md13115-cbe04e81","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Board reviews the assumptions","plain_english":"The Board must review the information and assumptions behind the risk appetite.","rbi_paragraph":"Para 12","rbi_char_offset":12598,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p11","layer":"bankpulse"},{"n":6,"claim":"md13115-451c46a4","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Weak stress results go up","plain_english":"Any weakness a stress test shows must be reported to the Board.","rbi_paragraph":"Para 16","rbi_char_offset":13780,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p12","layer":"bankpulse"},{"n":7,"claim":"md13115-fb90d5ac","page_group":"Chapter II. Role of the Board","stored_section":"WHAT CHANGES","heading":"Daily flows watched","plain_english":"The bank must watch its expected daily gross inflows and outflows.","rbi_paragraph":"Para 17(1)","rbi_char_offset":14132,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p13","layer":"bankpulse"},{"n":8,"claim":"md13115-f5beba82","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Board owns the policies","plain_english":"The Board or its committee approves the liquidity policies and reviews them.","rbi_paragraph":"Para 10","rbi_char_offset":11855,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p14","layer":"bankpulse"},{"n":9,"claim":"md13115-d2c33bf0","page_group":"Chapter II. Role of the Board","stored_section":"WHAT CHANGES","heading":"Only free intraday funds","plain_english":"Only funds freely available at the start of the day count as intraday liquidity.","rbi_paragraph":"Para 10","rbi_char_offset":12034,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p15","layer":"bankpulse"},{"n":10,"claim":"md13115-038adccf","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Only usable intraday cash","plain_english":"Only intraday sources that are freely and readily available may be counted.","rbi_paragraph":"Para 10","rbi_char_offset":12045,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p16","layer":"bankpulse"},{"n":11,"claim":"md13115-ee3241fb","page_group":"Chapter II. Role of the Board","stored_section":"WHO SHOULD ACT","heading":"Board sets stock limits","plain_english":"The Board approves the internal limits for the liquidity stock ratios.","rbi_paragraph":"Para 11","rbi_char_offset":12236,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p17","layer":"bankpulse"},{"n":1,"claim":"md13115-244dd6ff","page_group":"Chapter III. Liquidity Risk Management","stored_section":"KEY DATES","heading":"Six-monthly assumption check","plain_english":"The bank must test its behaviour assumptions at least once in six months.","rbi_paragraph":"Para 37","rbi_char_offset":24937,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p18","layer":"bankpulse"},{"n":2,"claim":"md13115-cff11ada","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Focus on short gaps","plain_english":"The main focus must stay on cash gaps in the first 30 days.","rbi_paragraph":"Para 42","rbi_char_offset":29070,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A gap falling due in 12 days is a short-term mismatch. So is one falling due in 29 days. A gap 45 days out is not, because the focus is on gaps up to 30 days.","anchor":"https://bankpulse.ai/rule/md13115#p19","layer":"bankpulse"},{"n":3,"claim":"md13115-e26b3b6b","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Next day gap limit","plain_english":"The cash shortfall for the next day cannot cross 5 per cent of that day's outflows.","rbi_paragraph":"Para 43","rbi_char_offset":29313,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p20","layer":"bankpulse"},{"n":4,"claim":"md13115-3eb4bee9","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Near-term gaps kept small","plain_english":"The bank must keep cash gaps up to 30 days as small as it can.","rbi_paragraph":"Para 47","rbi_char_offset":31924,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p21","layer":"bankpulse"},{"n":5,"claim":"md13115-0162cbb3","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Inter-bank liability limit","plain_english":"Inter-bank liabilities cannot cross 200 per cent of net worth as on 31 March last.","rbi_paragraph":"Para 53(1)","rbi_char_offset":34739,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p22","layer":"bankpulse"},{"n":6,"claim":"md13115-f87ab8bd","page_group":"Chapter III. Liquidity Risk Management","stored_section":"THE CORE IDEA","heading":"Top management must lead","plain_english":"The process only works if top management shows it takes it seriously.","rbi_paragraph":"Para 21","rbi_char_offset":16289,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p23","layer":"bankpulse"},{"n":7,"claim":"md13115-94203035","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Risk committee joins it up","plain_english":"The risk committee must consider how liquidity risk meets the other risks.","rbi_paragraph":"Para 23","rbi_char_offset":17865,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p24","layer":"bankpulse"},{"n":8,"claim":"md13115-a1a814a5","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"The committee must know","plain_english":"The asset liability committee must know how assets and funding are made up.","rbi_paragraph":"Para 26(2)","rbi_char_offset":19150,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p25","layer":"bankpulse"},{"n":9,"claim":"md13115-f847e3ed","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Watch what harms reputation","plain_english":"Events that could damage the market's view of soundness must be identified.","rbi_paragraph":"Para 27","rbi_char_offset":20539,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p26","layer":"bankpulse"},{"n":10,"claim":"md13115-24a00c1f","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Structure shapes the strategy","plain_english":"The strategy must allow for the group's legal structure and its business lines.","rbi_paragraph":"Para 32","rbi_char_offset":22420,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p27","layer":"bankpulse"},{"n":11,"claim":"md13115-43d21e3a","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"All currencies covered","plain_english":"Liquidity risk must be identified in every currency the bank works in.","rbi_paragraph":"Para 33","rbi_char_offset":23089,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p28","layer":"bankpulse"},{"n":12,"claim":"md13115-6a2d91cb","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Set format for statement","plain_english":"The bank must use the set format for tracking cash gaps by time bucket.","rbi_paragraph":"Para 34","rbi_char_offset":23346,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p29","layer":"bankpulse"},{"n":13,"claim":"md13115-de68763d","page_group":"Chapter III. Liquidity Risk Management","stored_section":"KEY DATES","heading":"Daily statement, fortnightly report","plain_english":"The rupee liquidity statement must be prepared daily and sent to RBI every fortnight.","rbi_paragraph":"Para 35","rbi_char_offset":23935,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p30","layer":"bankpulse"},{"n":14,"claim":"md13115-b0c9bef1","page_group":"Chapter III. Liquidity Risk Management","stored_section":"KEY DATES","heading":"Test the guesses twice","plain_english":"The assumptions behind behaviour analysis must be tested at least twice a year.","rbi_paragraph":"Para 37","rbi_char_offset":24953,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p31","layer":"bankpulse"},{"n":15,"claim":"md13115-980cf1a7","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Watch the running gap","plain_english":"Cumulative mismatches across all buckets must be watched against internal limits.","rbi_paragraph":"Para 42","rbi_char_offset":29154,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p32","layer":"bankpulse"},{"n":16,"claim":"md13115-20a59f0f","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Foreign currency statement","plain_english":"For foreign currency gaps the bank must prepare the separate liquidity return.","rbi_paragraph":"Para 44","rbi_char_offset":29900,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p33","layer":"bankpulse"},{"n":17,"claim":"md13115-dba0ee05","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Board sets the appetite","plain_english":"The Board must state in clear words how much liquidity risk the bank will take.","rbi_paragraph":"Para 46","rbi_char_offset":31034,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p34","layer":"bankpulse"},{"n":18,"claim":"md13115-09631724","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Say the appetite plainly","plain_english":"The statement of liquidity risk tolerance must be explicit and complete.","rbi_paragraph":"Para 47","rbi_char_offset":31436,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p35","layer":"bankpulse"},{"n":19,"claim":"md13115-777ef067","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"An outsider must review","plain_english":"An independent party must regularly review how liquidity risk is being run.","rbi_paragraph":"Para 52","rbi_char_offset":33988,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p36","layer":"bankpulse"},{"n":20,"claim":"md13115-225049d5","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Securitisation support watched","plain_english":"The bank must watch the risk from liquidity support given to securitisation programmes.","rbi_paragraph":"Para 56","rbi_char_offset":36560,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p37","layer":"bankpulse"},{"n":21,"claim":"md13115-38e4b9dd","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Watch it continuously","plain_english":"These positions must be watched on a continuing basis, not at period ends.","rbi_paragraph":"Para 60","rbi_char_offset":39117,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p38","layer":"bankpulse"},{"n":22,"claim":"md13115-7bf0b041","page_group":"Chapter III. Liquidity Risk Management","stored_section":"THE CORE IDEA","heading":"Funding covers every activity","plain_english":"Liquidity processes must take in lending, investment and every other activity.","rbi_paragraph":"Para 65(2)","rbi_char_offset":41561,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p39","layer":"bankpulse"},{"n":23,"claim":"md13115-3e48db1c","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Stress tests run regularly","plain_english":"The bank must run stress tests for short and long crises, alone and together.","rbi_paragraph":"Para 67(1)","rbi_char_offset":43073,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p40","layer":"bankpulse"},{"n":24,"claim":"md13115-376ab70c","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Fit the test","plain_english":"Stress scenarios must be built around the lender's own business and weak points.","rbi_paragraph":"Para 67(1)","rbi_char_offset":43247,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p41","layer":"bankpulse"},{"n":25,"claim":"md13115-1bd729dd","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Test how others behave","plain_english":"A stress test must allow for how counterparties would change their timing.","rbi_paragraph":"Para 67(3)","rbi_char_offset":44810,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p42","layer":"bankpulse"},{"n":26,"claim":"md13115-a8d85995","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Careful assumptions","plain_english":"The bank must take a careful view when it sets stress test assumptions.","rbi_paragraph":"Para 67(4)","rbi_char_offset":45294,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p43","layer":"bankpulse"},{"n":27,"claim":"md13115-67bf65b4","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"RBI told at once","plain_english":"The Department of Supervision at RBI must also be informed at once.","rbi_paragraph":"Para 68(2)","rbi_char_offset":46967,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p44","layer":"bankpulse"},{"n":28,"claim":"md13115-789ed3c7","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Contingency funding plan","plain_english":"The bank must draw up a plan for a severe disruption to its funding.","rbi_paragraph":"Para 69","rbi_char_offset":47069,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p45","layer":"bankpulse"},{"n":29,"claim":"md13115-dadbc6ee","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"The plan names the decider","plain_english":"The contingency funding plan must say who acts, when, and what goes upward.","rbi_paragraph":"Para 72","rbi_char_offset":48470,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p46","layer":"bankpulse"},{"n":30,"claim":"md13115-f81cfbff","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Board answers for it","plain_english":"Overall responsibility for managing liquidity risk rests with the Board.","rbi_paragraph":"Para 22","rbi_char_offset":16779,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p47","layer":"bankpulse"},{"n":31,"claim":"md13115-0cd16685","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Chief executive heads it","plain_english":"The asset liability committee is headed by the chief executive or a director.","rbi_paragraph":"Para 25","rbi_char_offset":18360,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p48","layer":"bankpulse"},{"n":32,"claim":"md13115-8d44a47d","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Committee sets the profile","plain_english":"That committee decides the maturity profile and the mix of what comes in.","rbi_paragraph":"Para 26","rbi_char_offset":18633,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p49","layer":"bankpulse"},{"n":33,"claim":"md13115-f3e80b90","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"Committee decides the mix","plain_english":"The committee decides the maturity profile and the mix of new assets and liabilities.","rbi_paragraph":"Para 26(1)","rbi_char_offset":18738,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p50","layer":"bankpulse"},{"n":34,"claim":"md13115-66d8a60e","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHO SHOULD ACT","heading":"A support group reports","plain_english":"A support group of operating staff analyses and reports the liquidity profile.","rbi_paragraph":"Para 28","rbi_char_offset":20672,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p51","layer":"bankpulse"},{"n":35,"claim":"md13115-635abaae","page_group":"Chapter III. Liquidity Risk Management","stored_section":"THE CORE IDEA","heading":"Cash flows into buckets","plain_english":"Cash flows are placed in time buckets by when they actually fall due.","rbi_paragraph":"Para 34","rbi_char_offset":23554,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p52","layer":"bankpulse"},{"n":36,"claim":"md13115-e7d52712","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"What the limit leaves out","plain_english":"Interbank liability limits leave out tri-party repo and refinance from NABARD.","rbi_paragraph":"Para 53(1)","rbi_char_offset":35429,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p53","layer":"bankpulse"},{"n":37,"claim":"md13115-f8247432","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"Call money sits inside","plain_english":"The call money borrowing limit sits inside that inter-bank limit.","rbi_paragraph":"Para 53(2)","rbi_char_offset":35762,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p54","layer":"bankpulse"},{"n":38,"claim":"md13115-d47c6798","page_group":"Chapter III. Liquidity Risk Management","stored_section":"WHAT CHANGES","heading":"A vehicle's shortfall counts","plain_english":"Where a special purpose vehicle runs short, that shortfall counts as the lender's.","rbi_paragraph":"Para 57","rbi_char_offset":37884,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p55","layer":"bankpulse"},{"n":1,"claim":"md13115-91f75dd1","page_group":"Chapter IV. Intraday Liquidity Management","stored_section":"WHAT CHANGES","heading":"If a market closes","plain_english":"A lender managing intraday cash across currencies must plan for a market closing.","rbi_paragraph":"Para 85(3)","rbi_char_offset":59738,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p56","layer":"bankpulse"},{"n":2,"claim":"md13115-048948f2","page_group":"Chapter IV. Intraday Liquidity Management","stored_section":"WHO SHOULD ACT","heading":"Report the morning position","plain_english":"The average intraday liquidity available at the start of each day must be reported.","rbi_paragraph":"Para 87(1)","rbi_char_offset":62237,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p57","layer":"bankpulse"},{"n":3,"claim":"md13115-d446fb00","page_group":"Chapter IV. Intraday Liquidity Management","stored_section":"WHO SHOULD ACT","heading":"Report the daily flows","plain_english":"The average daily payments made and received must be reported as well.","rbi_paragraph":"Para 89","rbi_char_offset":63404,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p58","layer":"bankpulse"},{"n":4,"claim":"md13115-3368a6ed","page_group":"Chapter IV. Intraday Liquidity Management","stored_section":"WHO IT APPLIES TO","heading":"Intraday, rupee and beyond","plain_english":"Intraday liquidity rules cover rupees and every significant foreign currency.","rbi_paragraph":"Para 79","rbi_char_offset":53568,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p59","layer":"bankpulse"},{"n":5,"claim":"md13115-e8b17626","page_group":"Chapter IV. Intraday Liquidity Management","stored_section":"WHO SHOULD ACT","heading":"One line per correspondent","plain_english":"Where more than one correspondent bank is used, each is reported separately.","rbi_paragraph":"Para 94(4)","rbi_char_offset":67737,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p60","layer":"bankpulse"},{"n":1,"claim":"md13115-da142a24","page_group":"Chapter V. Liquidity Coverage Ratio (LCR)","stored_section":"WHAT CHANGES","heading":"Thirty day survival","plain_english":"The stock of liquid assets must carry the bank to day 30 of a stress.","rbi_paragraph":"Para 97","rbi_char_offset":70216,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p61","layer":"bankpulse"},{"n":2,"claim":"md13115-bbd64200","page_group":"Chapter V. Liquidity Coverage Ratio (LCR)","stored_section":"WHAT CHANGES","heading":"A month of cash","plain_english":"The liquidity coverage ratio must stay at a hundred per cent at all times.","rbi_paragraph":"Para 99","rbi_char_offset":70549,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p62","layer":"bankpulse"},{"n":3,"claim":"md13115-1cf28b23","page_group":"Chapter V. Liquidity Coverage Ratio (LCR)","stored_section":"WHAT CHANGES","heading":"Ratio may fall in stress","plain_english":"In a period of financial stress the bank may let that ratio fall below 100 per cent.","rbi_paragraph":"Para 100","rbi_char_offset":71001,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p63","layer":"bankpulse"},{"n":4,"claim":"md13115-6ac8b31a","page_group":"Chapter V. Liquidity Coverage Ratio (LCR)","stored_section":"WHAT CHANGES","heading":"Shortfall reported at once","plain_english":"Any such shortfall must be reported to the Department of Supervision without delay.","rbi_paragraph":"Para 100","rbi_char_offset":71126,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p64","layer":"bankpulse"},{"n":5,"claim":"md13115-c9b544fd","page_group":"Chapter V. Liquidity Coverage Ratio (LCR)","stored_section":"WHAT CHANGES","heading":"Operating costs left out","plain_english":"Outflows for operating costs do not enter the coverage ratio.","rbi_paragraph":"Para 178","rbi_char_offset":126768,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p65","layer":"bankpulse"},{"n":6,"claim":"md13115-82ea3a9d","page_group":"Chapter V. Liquidity Coverage Ratio (LCR)","stored_section":"WHAT CHANGES","heading":"Half of margin inflows","plain_english":"Only half of the inflows from maturing margin loans against other collateral may be counted.","rbi_paragraph":"Para 186(4)","rbi_char_offset":130674,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p66","layer":"bankpulse"},{"n":1,"claim":"md13115-51ab147e","page_group":"Chapter VI. Net Stable Funding Ratio (NSFR)","stored_section":"WHAT CHANGES","heading":"Stable funding floor","plain_english":"The net stable funding ratio must stay at 100 per cent or above.","rbi_paragraph":"Para 204","rbi_char_offset":138161,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p67","layer":"bankpulse"},{"n":2,"claim":"md13115-ad90feef","page_group":"Chapter VI. Net Stable Funding Ratio (NSFR)","stored_section":"WHAT CHANGES","heading":"Trade finance factor","plain_english":"Undrawn trade finance obligations carry a stable funding factor of 3 per cent.","rbi_paragraph":"Para 231(4)","rbi_char_offset":157021,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":["trade-finance"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p68","layer":"bankpulse"},{"n":3,"claim":"md13115-ebed8a2e","page_group":"Chapter VI. Net Stable Funding Ratio (NSFR)","stored_section":"WHAT CHANGES","heading":"Stable funding ratio too","plain_english":"The net stable funding ratio must also be kept at the level RBI sets.","rbi_paragraph":"Para 204","rbi_char_offset":138176,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p69","layer":"bankpulse"},{"n":4,"claim":"md13115-ac546b08","page_group":"Chapter VI. Net Stable Funding Ratio (NSFR)","stored_section":"KEY DATES","heading":"Quarter-end funding report","plain_english":"The stable funding ratio at each quarter end is reported in the set format.","rbi_paragraph":"Para 204","rbi_char_offset":138330,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p70","layer":"bankpulse"},{"n":5,"claim":"md13115-7af2acfb","page_group":"Chapter VI. Net Stable Funding Ratio (NSFR)","stored_section":"WHAT CHANGES","heading":"Term deposits with penalty","plain_english":"A term deposit counts as fully stable funding only if early withdrawal carries a real penalty.","rbi_paragraph":"Para 214(3)","rbi_char_offset":143063,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p71","layer":"bankpulse"},{"n":6,"claim":"md13115-0d3ed851","page_group":"Chapter VI. Net Stable Funding Ratio (NSFR)","stored_section":"WHAT CHANGES","heading":"Assets tied for a year","plain_english":"Assets tied up for a year or more need full stable funding behind them.","rbi_paragraph":"Para 230(1)","rbi_char_offset":154724,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p72","layer":"bankpulse"},{"n":1,"claim":"md13115-94eea2c3","page_group":"Chapter VII. Interest Rate Risk (IRR) Management","stored_section":"WHAT CHANGES","heading":"Five per cent currency test","plain_english":"A currency holding 5 per cent or more of assets is measured on its own.","rbi_paragraph":"Para 245","rbi_char_offset":170294,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p73","layer":"bankpulse"},{"n":2,"claim":"md13115-1d4be416","page_group":"Chapter VII. Interest Rate Risk (IRR) Management","stored_section":"WHAT CHANGES","heading":"What duration shows","plain_english":"Modified duration shows the value change for a one per cent move in interest rates.","rbi_paragraph":"Para 252(1)","rbi_char_offset":173078,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p74","layer":"bankpulse"},{"n":3,"claim":"md13115-6aa6a3df","page_group":"Chapter VII. Interest Rate Risk (IRR) Management","stored_section":"WHAT CHANGES","heading":"Both studies required","plain_english":"The bank must carry out both of those studies.","rbi_paragraph":"Para 244","rbi_char_offset":169934,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p75","layer":"bankpulse"},{"n":4,"claim":"md13115-f56551e3","page_group":"Chapter VII. Interest Rate Risk (IRR) Management","stored_section":"WHAT CHANGES","heading":"Two ways to measure","plain_english":"Interest rate risk is measured both from earnings and from economic value.","rbi_paragraph":"Para 244","rbi_char_offset":169749,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p76","layer":"bankpulse"},{"n":1,"claim":"md13115-03911d07","page_group":"Chapter VIII. Monitoring and Reporting","stored_section":"KEY DATES","heading":"Monthly and quarterly returns","plain_english":"The coverage ratio is reported monthly. The stable funding ratio is reported quarterly.","rbi_paragraph":"Para 277","rbi_char_offset":185504,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p77","layer":"bankpulse"},{"n":1,"claim":"md13115-540a91a0","page_group":"Chapter IX. 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 281","rbi_char_offset":187491,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p78","layer":"bankpulse"},{"n":2,"claim":"md13115-e24ddaf7","page_group":"Chapter IX. 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 281","rbi_char_offset":187673,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13115#p79","layer":"bankpulse"},{"n":3,"claim":"md13115-b6c42903","page_group":"Chapter IX. 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 282","rbi_char_offset":188565,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A bank follows these Directions and thinks the matter is closed. It is not. Any other laws, rules, regulations or directions in force still apply on top. Where another one asks for more, the bank does the more.","anchor":"https://bankpulse.ai/rule/md13115#p80","layer":"bankpulse"}],"actions":[],"amendments":[{"id":"nt13653","title":"Reserve Bank of India (Small Finance Banks – Asset Liability Management) Amendment Directions, 2026","date":"Jul 30, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13653&Mode=0","order":1,"layer":"rbi_source"}],"layers":{"rbi_source":"Facts taken from RBI's own document.","bankpulse":"BankPulse's plain-English summary of RBI's document.","bankpulse_inference":"BankPulse's own inference, not stated by RBI."},"rbi_wording_not_included":"By design. BankPulse never republishes RBI's exact sentences. Use rbi_paragraph with rbi_source.url to read RBI's own words.","terms":"BankPulse's plain-English summaries are BankPulse's own work. The underlying regulation is the Reserve Bank of India's. Always check the RBI document named in rbi_source before acting."}