{"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":"md13119","title":"Reserve Bank of India (Small Finance Banks – Transfer and Distribution of Credit Risk) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13119","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":"md13119","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/md13119.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13119","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:16:17 UTC","text_sha256":"818914b49ff1e231b3323c493f0797f9782f78a445f628169c377b0c2803d66c","word_count":10158,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":51,"points_naming_an_rbi_paragraph":51,"points_stored":51,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13119-bb0d9b8b","page_group":"Must know","stored_section":"WHO IT APPLIES TO","heading":"No buying stressed loans","plain_english":"The bank may not purchase stressed loans at all.","rbi_paragraph":"Para 3","rbi_char_offset":4284,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13119#p1","layer":"bankpulse"},{"n":2,"claim":"md13119-128b293a","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"Terms stay unchanged","plain_english":"A transfer must not change the loan's terms; any change is tested against the restructuring rules.","rbi_paragraph":"Para 14","rbi_char_offset":14502,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13119#p2","layer":"bankpulse"},{"n":3,"claim":"md13119-6416057d","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"No safety nets","plain_english":"Lenders may not offer credit enhancement or liquidity support in any form on loan transfers.","rbi_paragraph":"Para 16(4)","rbi_char_offset":15308,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13119#p3","layer":"bankpulse"},{"n":4,"claim":"md13119-140d4f5c","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"No buying it back","plain_english":"A seller cannot re-acquire a transferred loan except under an approved resolution plan.","rbi_paragraph":"Para 17","rbi_char_offset":15429,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13119#p4","layer":"bankpulse"},{"n":5,"claim":"md13119-247b0db9","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"Borrowers' rights stand","plain_english":"The transfer must not override borrowers' rights, and needed consents must be in hand.","rbi_paragraph":"Para 22","rbi_char_offset":17857,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13119#p5","layer":"bankpulse"},{"n":6,"claim":"md13119-f8c71ee8","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"RBI told of make-goods","plain_english":"Every replacement of a transferred loan, or damages paid, is reported to RBI's supervision department.","rbi_paragraph":"Para 24","rbi_char_offset":18401,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13119#p6","layer":"bankpulse"},{"n":7,"claim":"md13119-14bc1af0","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"No mixing of money","plain_english":"A servicing bank holds the loan cash flows in trust and never mixes them with its own.","rbi_paragraph":"Para 30(8)","rbi_char_offset":21128,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13119#p7","layer":"bankpulse"},{"n":8,"claim":"md13119-3a8c415e","page_group":"Must know","stored_section":"WHO SHOULD ACT","heading":"Checks cannot be outsourced","plain_english":"The buyer's own staff must do the due diligence, with the same rigour as for its own loans.","rbi_paragraph":"Para 39","rbi_char_offset":25369,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13119#p8","layer":"bankpulse"},{"n":9,"claim":"md13119-a15d8b2e","page_group":"Must know","stored_section":"WHAT CHANGES","heading":"A third checked, tenth kept","plain_english":"Loan by loan checks may cover only one third of a portfolio. 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Two external valuation reports are needed, because the exposure is ₹100 crore or more. 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