{"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":"md13161","title":"Reserve Bank of India (Commercial Banks - Governance) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13161","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":"Commercial banks","class_code":"SCB","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13161","mode":"four_dates_v1","published":{"label":"Published","value":"November 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/md13161.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13161","document_date":"November 28, 2025","read_by_bankpulse":"2026-08-21 16:15:40 UTC","text_sha256":"5213f4aaae5cd17e12b32a16c9865607ecef98dd278b922b5bd4199f6d7f3ca4","word_count":null,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":41,"points_naming_an_rbi_paragraph":41,"points_stored":41,"actions":0,"amendments":2},"points":[{"n":1,"claim":"md13161-912bac2d","page_group":"Chapter I. 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Public Sector Banks","stored_section":"WHAT CHANGES","heading":"Half must be independent","plain_english":"At least half the directors at a Board meeting must be independent.","rbi_paragraph":"Para 13","rbi_char_offset":10500,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13161#p14","layer":"bankpulse"},{"n":12,"claim":"md13161-4875d64d","page_group":"Chapter II. Public Sector Banks","stored_section":"WHO SHOULD ACT","heading":"RBI letters to the Board","plain_english":"Every RBI and Government direction must be placed before the Board with background.","rbi_paragraph":"Para 17","rbi_char_offset":12984,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13161#p15","layer":"bankpulse"},{"n":13,"claim":"md13161-2d6f3ef0","page_group":"Chapter II. 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Public Sector Banks","stored_section":"WHO SHOULD ACT","heading":"Policy for the risk officer","plain_english":"The Board must set out in a policy what the chief risk officer does.","rbi_paragraph":"Para 29","rbi_char_offset":24912,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13161#p23","layer":"bankpulse"},{"n":21,"claim":"md13161-21e6d41d","page_group":"Chapter II. Public Sector Banks","stored_section":"WHO SHOULD ACT","heading":"Tell the stock exchange","plain_english":"A listed bank must also tell the stock exchanges when the risk officer changes.","rbi_paragraph":"Para 32","rbi_char_offset":26231,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13161#p24","layer":"bankpulse"},{"n":22,"claim":"md13161-b1a51ec8","page_group":"Chapter II. Public Sector Banks","stored_section":"WHAT CHANGES","heading":"Split risk from sanction","plain_english":"Credit risk management must be kept apart from the credit sanction process.","rbi_paragraph":"Para 33","rbi_char_offset":26348,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13161#p25","layer":"bankpulse"},{"n":23,"claim":"md13161-3fd2f7d2","page_group":"Chapter II. Public Sector Banks","stored_section":"WHO SHOULD ACT","heading":"Vigilance officer rank","plain_english":"The chief vigilance officer should be of at least general manager rank.","rbi_paragraph":"Para 34","rbi_char_offset":27873,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13161#p26","layer":"bankpulse"},{"n":24,"claim":"md13161-1e633552","page_group":"Chapter II. 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Private Sector Banks","stored_section":"WHAT CHANGES","heading":"Retirement at 75","plain_english":"Directors and the Board Chair must retire from the board at age 75.","rbi_paragraph":"Para 44","rbi_char_offset":35482,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13161#p37","layer":"bankpulse"},{"n":3,"claim":"md13161-547e26a7","page_group":"Chapter III. Private Sector Banks","stored_section":"WHO IT APPLIES TO","heading":"Whole-time directors","plain_english":"A private bank must have at least two whole-time directors, including the MD&CEO.","rbi_paragraph":"Para 47","rbi_char_offset":39508,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13161#p38","layer":"bankpulse"},{"n":4,"claim":"md13161-6f5ec998","page_group":"Chapter III. Private Sector Banks","stored_section":"WHAT CHANGES","heading":"MD&CEO age cap","plain_english":"A private bank's MD&CEO or whole-time director must retire by age 70.","rbi_paragraph":"Para 49","rbi_char_offset":40380,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13161#p39","layer":"bankpulse"},{"n":5,"claim":"md13161-a78e74b7","page_group":"Chapter III. Private Sector Banks","stored_section":"WHAT CHANGES","heading":"Three-year cooling gap","plain_english":"A director can return to the same board only after a three-year gap.","rbi_paragraph":"Para 44(2)","rbi_char_offset":38397,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13161#p40","layer":"bankpulse"},{"n":1,"claim":"md13161-30fee77a","page_group":"Chapter V. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"Old actions preserved","plain_english":"Action already started under the old rules stays governed by those old rules.","rbi_paragraph":"Para 74","rbi_char_offset":75125,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13161#p41","layer":"bankpulse"}],"actions":[],"amendments":[{"id":"nt13555","title":"Reserve Bank of India (Commercial Banks – Governance) Amendment Directions, 2026","date":"Jul 14, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13555&Mode=0","order":1,"layer":"rbi_source"},{"id":"nt13648","title":"Reserve Bank of India (Commercial Banks – Governance) Third Amendment Directions, 2026","date":"Jul 30, 2026","rbi_url":"https://rbi.org.in/Scripts/NotificationUser.aspx?Id=13648&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. 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