{"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":"md13117","title":"Reserve Bank of India (Small Finance Banks – Interest Rates on Advances) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13117","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":"md13117","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 1, 2016","stated":true,"why":"The day this rule starts to apply, as RBI's own text states it."},"transition":{"label":"Time to get ready","value":"None","stated":true,"why":"The start date RBI gave is before the day this document was published."},"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/md13117.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=13117","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:16:14 UTC","text_sha256":"20290e77acb230777f2840d9956099c6bb6ebd0ffa29dc224260a2aea478cf7d","word_count":3931,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":47,"points_naming_an_rbi_paragraph":47,"points_stored":47,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13117-9db77ee8","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Starts at once","plain_english":"The rules start the moment RBI issues them.","rbi_paragraph":"Para 2","rbi_char_offset":2773,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p1","layer":"bankpulse"},{"n":2,"claim":"md13117-fed0c14e","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who must follow this","plain_english":"These rules apply to every small finance bank.","rbi_paragraph":"Para 3","rbi_char_offset":2860,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p2","layer":"bankpulse"},{"n":1,"claim":"md13117-bbc22983","page_group":"Chapter II. General guidelines","stored_section":"THE CORE IDEA","heading":"Fixed or floating, bank's choice","plain_english":"The bank is free to offer any advance at a fixed or a floating rate.","rbi_paragraph":"Para 5(3)","rbi_char_offset":5716,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p3","layer":"bankpulse"},{"n":2,"claim":"md13117-b368a522","page_group":"Chapter II. General guidelines","stored_section":"THE CORE IDEA","heading":"Benchmark plus spread","plain_english":"The lending rate is the benchmark rate plus the parts of the spread.","rbi_paragraph":"Para 5(4)","rbi_char_offset":5897,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p4","layer":"bankpulse"},{"n":3,"claim":"md13117-55b42743","page_group":"Chapter II. General guidelines","stored_section":"WHO SHOULD ACT","heading":"Short fixed loans priced up","plain_english":"A fixed rate loan under three years cannot price below the benchmark.","rbi_paragraph":"Para 5(6)","rbi_char_offset":6128,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p5","layer":"bankpulse"},{"n":4,"claim":"md13117-f40fa2c5","page_group":"Chapter II. General guidelines","stored_section":"KEY DATES","heading":"Interest every month","plain_english":"Interest is charged on all advances at monthly rests.","rbi_paragraph":"Para 5(7)","rbi_char_offset":6318,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p6","layer":"bankpulse"},{"n":5,"claim":"md13117-b9428956","page_group":"Chapter II. General guidelines","stored_section":"WHO SHOULD ACT","heading":"Interest cannot pass the loan","plain_english":"For a small or marginal farmer the interest debited cannot exceed the principal.","rbi_paragraph":"Para 5(7)","rbi_char_offset":6503,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p7","layer":"bankpulse"},{"n":6,"claim":"md13117-a9571236","page_group":"Chapter II. General guidelines","stored_section":"WHO SHOULD ACT","heading":"Farmers are treated apart","plain_english":"On a long duration crop the bank may charge interest at annual rests.","rbi_paragraph":"Para 5(7)","rbi_char_offset":6628,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["agriculture-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p8","layer":"bankpulse"},{"n":7,"claim":"md13117-3a57fdf0","page_group":"Chapter II. General guidelines","stored_section":"WHO SHOULD ACT","heading":"Small loan rates be fair","plain_english":"The rate on a small personal loan must be justifiable against real cost.","rbi_paragraph":"Para 5(9)","rbi_char_offset":7125,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["personal-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p9","layer":"bankpulse"},{"n":8,"claim":"md13117-5b0746ba","page_group":"Chapter II. General guidelines","stored_section":"WHO SHOULD ACT","heading":"The board writes the policy","plain_english":"A full board-approved policy on lending rates is required, microfinance included.","rbi_paragraph":"Para 5(1)","rbi_char_offset":5330,"weight":"DO IT","role":"Board","team":null,"products_covered":["microfinance"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p10","layer":"bankpulse"},{"n":9,"claim":"md13117-2f784478","page_group":"Chapter II. General guidelines","stored_section":"WHO SHOULD ACT","heading":"The benchmark goes in writing","plain_english":"The benchmark used for pricing must be written into the loan contract.","rbi_paragraph":"Para 5(5)","rbi_char_offset":6017,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p11","layer":"bankpulse"},{"n":10,"claim":"md13117-83b63400","page_group":"Chapter II. General guidelines","stored_section":"WHO SHOULD ACT","heading":"Round to the rupee","plain_english":"Interest on a rupee advance is rounded off to the nearest rupee.","rbi_paragraph":"Para 5(8)","rbi_char_offset":7040,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p12","layer":"bankpulse"},{"n":1,"claim":"md13117-58e6f943","page_group":"Chapter III. Benchmark","stored_section":"THE CORE IDEA","heading":"Three old systems still run","plain_english":"Loans up to June 2010, then to March 2016, then after it, price differently.","rbi_paragraph":"Para 9","rbi_char_offset":8977,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p13","layer":"bankpulse"},{"n":2,"claim":"md13117-29929a1e","page_group":"Chapter III. Benchmark","stored_section":"THE CORE IDEA","heading":"Only one Base Rate","plain_english":"A bank can have only one Base Rate.","rbi_paragraph":"Para 11","rbi_char_offset":9298,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p14","layer":"bankpulse"},{"n":3,"claim":"md13117-47fed9d9","page_group":"Chapter III. Benchmark","stored_section":"THE CORE IDEA","heading":"MCLR after April 2016","plain_english":"Floating rupee loans from April 1, 2016 are priced on the MCLR.","rbi_paragraph":"Para 14","rbi_char_offset":10071,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p15","layer":"bankpulse"},{"n":4,"claim":"md13117-3d12ab6b","page_group":"Chapter III. Benchmark","stored_section":"THE CORE IDEA","heading":"What goes into MCLR","plain_english":"Marginal cost of funds, negative carry on CRR, operating costs and tenor premium.","rbi_paragraph":"Para 15","rbi_char_offset":10351,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p16","layer":"bankpulse"},{"n":5,"claim":"md13117-f065ca40","page_group":"Chapter III. Benchmark","stored_section":"WHO SHOULD ACT","heading":"Tenor premium is for everyone","plain_english":"A change in tenor premium cannot single out a borrower or a loan class.","rbi_paragraph":"Para 20","rbi_char_offset":11492,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p17","layer":"bankpulse"},{"n":6,"claim":"md13117-8105a44e","page_group":"Chapter III. Benchmark","stored_section":"WHO SHOULD ACT","heading":"Thirty percent decides the tenor","plain_english":"A maturity bucket counts for the MCLR tenor only above 30 percent of funds.","rbi_paragraph":"Para 21(1)","rbi_char_offset":11929,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p18","layer":"bankpulse"},{"n":7,"claim":"md13117-3d44b257","page_group":"Chapter III. Benchmark","stored_section":"WHAT CHANGES","heading":"Retail and MSME go outside","plain_english":"Floating personal, retail and MSME loans must sit on an external benchmark.","rbi_paragraph":"Para 24","rbi_char_offset":13977,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":["msme-loan"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p19","layer":"bankpulse"},{"n":8,"claim":"md13117-15ee88ce","page_group":"Chapter III. Benchmark","stored_section":"WHAT CHANGES","heading":"One benchmark per loan type","plain_english":"Within a loan category the bank must use one external benchmark only.","rbi_paragraph":"Para 26","rbi_char_offset":14396,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p20","layer":"bankpulse"},{"n":9,"claim":"md13117-3fef000d","page_group":"Chapter III. Benchmark","stored_section":"WHAT CHANGES","heading":"No mixing benchmarks","plain_english":"Two different benchmarks inside one loan category are not allowed.","rbi_paragraph":"Para 26","rbi_char_offset":14483,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p21","layer":"bankpulse"},{"n":10,"claim":"md13117-b5c537c8","page_group":"Chapter III. Benchmark","stored_section":"KEY DATES","heading":"Base Rate every quarter","plain_english":"The Base Rate is reviewed at least once in a quarter.","rbi_paragraph":"Para 13","rbi_char_offset":9841,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p22","layer":"bankpulse"},{"n":11,"claim":"md13117-3329d745","page_group":"Chapter III. Benchmark","stored_section":"KEY DATES","heading":"MCLR every month","plain_english":"The MCLR is reviewed and published every month on an announced date.","rbi_paragraph":"Para 23","rbi_char_offset":13759,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p23","layer":"bankpulse"},{"n":1,"claim":"md13117-d776903f","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"WHO SHOULD ACT","heading":"Same rule under Base Rate","plain_english":"Under the Base Rate the premium moves only on risk or on tenor premium.","rbi_paragraph":"Para 28(1)","rbi_char_offset":15135,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p24","layer":"bankpulse"},{"n":2,"claim":"md13117-9c83cf80","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"WHO SHOULD ACT","heading":"Worse borrower pays more","plain_english":"The credit risk premium goes up only if the borrower's own risk got worse.","rbi_paragraph":"Para 30","rbi_char_offset":16628,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p25","layer":"bankpulse"},{"n":3,"claim":"md13117-62068b6d","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"WHO SHOULD ACT","heading":"The spread cannot be negative","plain_english":"Business strategy and credit risk premium are positive or zero, never below.","rbi_paragraph":"Para 31","rbi_char_offset":17085,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p26","layer":"bankpulse"},{"n":4,"claim":"md13117-e7db8ca2","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"WHO SHOULD ACT","heading":"Outside benchmark, free spread","plain_english":"Over an external benchmark the bank decides the spread itself.","rbi_paragraph":"Para 32","rbi_char_offset":17306,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p27","layer":"bankpulse"},{"n":5,"claim":"md13117-a8624991","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"KEY DATES","heading":"Costs change in three years","plain_english":"The operating cost part of the spread may change once in three years.","rbi_paragraph":"Para 32","rbi_char_offset":17536,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p28","layer":"bankpulse"},{"n":6,"claim":"md13117-d3aca492","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"WHO SHOULD ACT","heading":"The rate at first draw","plain_english":"The MCLR on the first drawdown holds until the next reset date.","rbi_paragraph":"Para 34","rbi_char_offset":18234,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p29","layer":"bankpulse"},{"n":7,"claim":"md13117-530d7405","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"KEY DATES","heading":"Reset a year or sooner","plain_english":"Under MCLR the reset happens once a year or more often.","rbi_paragraph":"Para 35","rbi_char_offset":18481,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p30","layer":"bankpulse"},{"n":8,"claim":"md13117-9d77b0ac","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"WHAT CHANGES","heading":"Old loans may move over","plain_english":"An existing borrower may switch to an MCLR loan on agreed terms.","rbi_paragraph":"Para 39","rbi_char_offset":19223,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p31","layer":"bankpulse"},{"n":9,"claim":"md13117-51410b86","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"WHAT CHANGES","heading":"Switching is not closing","plain_english":"A switch-over is not treated as closing the old facility early.","rbi_paragraph":"Para 39","rbi_char_offset":19340,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p32","layer":"bankpulse"},{"n":10,"claim":"md13117-b3f046c0","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"WHAT CHANGES","heading":"Free switch for some","plain_english":"Borrowers who may prepay without charge switch to the external benchmark free.","rbi_paragraph":"Para 40","rbi_char_offset":19866,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p33","layer":"bankpulse"},{"n":11,"claim":"md13117-6f80a43f","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"WHO SHOULD ACT","heading":"A spread policy as well","plain_english":"The board must also approve a policy setting out each part of the spread.","rbi_paragraph":"Para 27","rbi_char_offset":14633,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p34","layer":"bankpulse"},{"n":12,"claim":"md13117-29b89e58","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"KEY DATES","heading":"Outside rate every three months","plain_english":"A loan on an external benchmark is reset at least once in three months.","rbi_paragraph":"Para 37","rbi_char_offset":18800,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A home loan sits on the repo rate. The repo moves in February and the borrower's rate has not changed by May. Three months have passed, so the reset RBI names is already overdue and the branch should have repriced the loan.","anchor":"https://bankpulse.ai/rule/md13117#p35","layer":"bankpulse"},{"n":13,"claim":"md13117-6775d1c8","page_group":"Chapter IV. Other aspects of lending rates","stored_section":"WHO SHOULD ACT","heading":"Base Rate is still published","plain_english":"The bank keeps reviewing and publishing its Base Rate as before.","rbi_paragraph":"Para 38","rbi_char_offset":19012,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p36","layer":"bankpulse"},{"n":1,"claim":"md13117-9a567c63","page_group":"Chapter V. Foreign Currency Advances","stored_section":"WHO SHOULD ACT","heading":"Foreign currency is free","plain_english":"The bank sets its own rates on advances in foreign currency, under its policy.","rbi_paragraph":"Para 41","rbi_char_offset":20528,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p37","layer":"bankpulse"},{"n":2,"claim":"md13117-64a22242","page_group":"Chapter V. Foreign Currency Advances","stored_section":"WHO SHOULD ACT","heading":"But on a market benchmark","plain_english":"Those rates still hang off a market determined external benchmark.","rbi_paragraph":"Para 42","rbi_char_offset":20795,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p38","layer":"bankpulse"},{"n":1,"claim":"md13117-5344407a","page_group":"Chapter VI. Exemptions","stored_section":"IMPACT","heading":"Long fixed loans are outside","plain_english":"A fixed rate loan of more than three years is outside the benchmark rules.","rbi_paragraph":"Para 44(4)","rbi_char_offset":22271,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p39","layer":"bankpulse"},{"n":2,"claim":"md13117-68e5029a","page_group":"Chapter VI. Exemptions","stored_section":"IMPACT","heading":"Government schemes are outside","plain_english":"A loan under a government scheme carries the scheme's own rate.","rbi_paragraph":"Para 44(1)","rbi_char_offset":21158,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p40","layer":"bankpulse"},{"n":3,"claim":"md13117-934ced01","page_group":"Chapter VI. Exemptions","stored_section":"IMPACT","heading":"Loans against own deposits","plain_english":"A loan to a depositor against his own deposit is outside these pricing rules.","rbi_paragraph":"Para 44(4)","rbi_char_offset":21831,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p41","layer":"bankpulse"},{"n":4,"claim":"md13117-8627458e","page_group":"Chapter VI. Exemptions","stored_section":"IMPACT","heading":"Loans to own staff","plain_english":"Loans to the bank's own employees, serving or retired, are outside them too.","rbi_paragraph":"Para 44(4)","rbi_char_offset":21894,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p42","layer":"bankpulse"},{"n":5,"claim":"md13117-56e500c2","page_group":"Chapter VI. Exemptions","stored_section":"IMPACT","heading":"Loans to the top officers","plain_english":"So are loans to the chief executive and whole time directors.","rbi_paragraph":"Para 44(4)","rbi_char_offset":21962,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p43","layer":"bankpulse"},{"n":1,"claim":"md13117-de5b1c6f","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old rules stand repealed","plain_english":"The earlier lending rate rules for these banks are repealed.","rbi_paragraph":"Para 45","rbi_char_offset":23471,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p44","layer":"bankpulse"},{"n":2,"claim":"md13117-1079c38d","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old actions still stand","plain_english":"Anything done under the old rules stays governed by those old rules.","rbi_paragraph":"Para 46","rbi_char_offset":23871,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p45","layer":"bankpulse"},{"n":3,"claim":"md13117-76f8c80d","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old approvals still count","plain_english":"Approvals given under the repealed rules now come under these rules.","rbi_paragraph":"Para 46","rbi_char_offset":24050,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p46","layer":"bankpulse"},{"n":4,"claim":"md13117-a1664389","page_group":"Chapter VII. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Other laws still apply","plain_english":"These rules add to other laws. They do not cut them down.","rbi_paragraph":"Para 47","rbi_char_offset":24899,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13117#p47","layer":"bankpulse"}],"actions":[],"amendments":[],"layers":{"rbi_source":"Facts taken from RBI's own document.","bankpulse":"BankPulse's plain-English summary of RBI's document.","bankpulse_inference":"BankPulse's own inference, not stated by RBI."},"rbi_wording_not_included":"By design. BankPulse never republishes RBI's exact sentences. Use rbi_paragraph with rbi_source.url to read RBI's own words.","terms":"BankPulse's plain-English summaries are BankPulse's own work. The underlying regulation is the Reserve Bank of India's. Always check the RBI document named in rbi_source before acting."}