{"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":"md13204","title":"Reserve Bank of India (Urban Co-operative Banks - Branch Authorisation) Directions, 2025","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13204","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":"Urban co-operative banks","class_code":"UCB","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13204","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/md13204.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13204","document_date":"Nov 28, 2025","read_by_bankpulse":"2026-08-21 16:18:43 UTC","text_sha256":"929366901b7561a5ff94dda88183aaa3fc042a21de82233cc19dfb694436cb82","word_count":8615,"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":0},"points":[{"n":1,"claim":"md13204-a2a8948e","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":3989,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p1","layer":"bankpulse"},{"n":2,"claim":"md13204-a0b8ef54","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who must follow this","plain_english":"These rules apply to every urban co-operative bank.","rbi_paragraph":"Para 3","rbi_char_offset":4071,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p2","layer":"bankpulse"},{"n":3,"claim":"md13204-acce5b6e","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"What an urban bank means","plain_english":"An urban co-operative bank is a primary co-operative bank under the banking law.","rbi_paragraph":"Para 3","rbi_char_offset":4283,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p3","layer":"bankpulse"},{"n":1,"claim":"md13204-c94f44c7","page_group":"Chapter II. Role of Board of Directors","stored_section":"IMPACT","heading":"The board owns the policies","plain_english":"The board must approve separate policies for branches, agents and doorstep work.","rbi_paragraph":"Para 6","rbi_char_offset":5886,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p4","layer":"bankpulse"},{"n":1,"claim":"md13204-9b476d12","page_group":"Chapter III. Branch Authorisation","stored_section":"THE CORE IDEA","heading":"The old test is gone","plain_english":"The Financially Sound and Well Managed test has been replaced.","rbi_paragraph":"Para 8","rbi_char_offset":6903,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p5","layer":"bankpulse"},{"n":2,"claim":"md13204-3033d740","page_group":"Chapter III. Branch Authorisation","stored_section":"THE CORE IDEA","heading":"Capital above the floor","plain_english":"The bank's capital ratio must be one percentage point above its minimum.","rbi_paragraph":"Para 9(1)","rbi_char_offset":7429,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p6","layer":"bankpulse"},{"n":3,"claim":"md13204-62bbdb5b","page_group":"Chapter III. Branch Authorisation","stored_section":"THE CORE IDEA","heading":"Bad loans under three","plain_english":"Net bad loans must not be more than 3%.","rbi_paragraph":"Para 9(2)","rbi_char_offset":7554,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p7","layer":"bankpulse"},{"n":4,"claim":"md13204-9b557f00","page_group":"Chapter III. Branch Authorisation","stored_section":"THE CORE IDEA","heading":"Profit for two years","plain_english":"The bank must show net profits in the preceding two financial years.","rbi_paragraph":"Para 9(3)","rbi_char_offset":7588,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p8","layer":"bankpulse"},{"n":5,"claim":"md13204-b1aaffcb","page_group":"Chapter III. Branch Authorisation","stored_section":"THE CORE IDEA","heading":"No reserve shortfall","plain_english":"There must be no failure to keep the cash and liquidity reserves.","rbi_paragraph":"Para 9(4)","rbi_char_offset":7646,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p9","layer":"bankpulse"},{"n":6,"claim":"md13204-1ce70847","page_group":"Chapter III. Branch Authorisation","stored_section":"THE CORE IDEA","heading":"Core banking fully in","plain_english":"Core banking software must be fully in place.","rbi_paragraph":"Para 9(5)","rbi_char_offset":7845,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p10","layer":"bankpulse"},{"n":7,"claim":"md13204-5502c00b","page_group":"Chapter III. Branch Authorisation","stored_section":"THE CORE IDEA","heading":"Not under any action","plain_english":"The bank must not be under RBI directions or corrective action.","rbi_paragraph":"Para 9(6)","rbi_char_offset":7896,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p11","layer":"bankpulse"},{"n":8,"claim":"md13204-02269171","page_group":"Chapter III. Branch Authorisation","stored_section":"THE CORE IDEA","heading":"Two professional directors","plain_english":"The board must carry at least two professional directors.","rbi_paragraph":"Para 9(7)","rbi_char_offset":8094,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p12","layer":"bankpulse"},{"n":9,"claim":"md13204-6fbb51b4","page_group":"Chapter III. Branch Authorisation","stored_section":"KEY DATES","heading":"Good until September","plain_english":"The eligibility holds until 30 September of the next financial year.","rbi_paragraph":"Para 10","rbi_char_offset":8848,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p13","layer":"bankpulse"},{"n":10,"claim":"md13204-2ad7a603","page_group":"Chapter III. Branch Authorisation","stored_section":"THE CORE IDEA","heading":"A wrong claim costs","plain_english":"A bank found wrongly claiming eligibility can lose self-review for a year.","rbi_paragraph":"Para 11","rbi_char_offset":10079,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p14","layer":"bankpulse"},{"n":11,"claim":"md13204-ec011849","page_group":"Chapter III. Branch Authorisation","stored_section":"WHAT CHANGES","heading":"The home district is free","plain_english":"The bank may cover its whole district of registration with no permission.","rbi_paragraph":"Para 12","rbi_char_offset":10340,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p15","layer":"bankpulse"},{"n":12,"claim":"md13204-bbedb609","page_group":"Chapter III. Branch Authorisation","stored_section":"WHAT CHANGES","heading":"Three more districts, no permission","plain_english":"An eligible bank may add three districts of its choice inside its state.","rbi_paragraph":"Para 12","rbi_char_offset":10574,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p16","layer":"bankpulse"},{"n":13,"claim":"md13204-3fd32be5","page_group":"Chapter III. Branch Authorisation","stored_section":"WHAT CHANGES","heading":"Five districts in a year","plain_english":"Beyond that, RBI's approval is needed and the yearly cap is five districts.","rbi_paragraph":"Para 12","rbi_char_offset":11224,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p17","layer":"bankpulse"},{"n":14,"claim":"md13204-12440147","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO IT APPLIES TO","heading":"Small banks are limited","plain_english":"Only a Tier 3 or Tier 4 bank may go outside its own state.","rbi_paragraph":"Para 12","rbi_char_offset":11547,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p18","layer":"bankpulse"},{"n":15,"claim":"md13204-b5382b87","page_group":"Chapter III. Branch Authorisation","stored_section":"WHAT CHANGES","heading":"Fifty crore to leave","plain_english":"To cross the state border the bank needs a net worth of at least 50 crore.","rbi_paragraph":"Para 12","rbi_char_offset":11669,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p19","layer":"bankpulse"},{"n":16,"claim":"md13204-ffac1575","page_group":"Chapter III. Branch Authorisation","stored_section":"WHAT CHANGES","heading":"Two states in a year","plain_english":"Even then only two new states a year are allowed.","rbi_paragraph":"Para 12","rbi_char_offset":11841,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p20","layer":"bankpulse"},{"n":17,"claim":"md13204-e57cc296","page_group":"Chapter III. Branch Authorisation","stored_section":"WHAT CHANGES","heading":"Capital for five branches","plain_english":"The bank must hold spare capital for at least five branches in each new state.","rbi_paragraph":"Para 12","rbi_char_offset":12048,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p21","layer":"bankpulse"},{"n":18,"claim":"md13204-f20c382d","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"A second board first","plain_english":"A Tier 2 bank or above must form a Board of Management before it expands.","rbi_paragraph":"Para 13","rbi_char_offset":12120,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p22","layer":"bankpulse"},{"n":19,"claim":"md13204-19ab0b80","page_group":"Chapter III. Branch Authorisation","stored_section":"KEY DATES","heading":"No objection lasts 180 days","plain_english":"A no objection certificate from RBI is valid for 180 calendar days.","rbi_paragraph":"Para 15","rbi_char_offset":13427,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p23","layer":"bankpulse"},{"n":20,"claim":"md13204-aa881a24","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Ask before any new place","plain_english":"Branches, counters, cash machines and back offices all need prior permission.","rbi_paragraph":"Para 18","rbi_char_offset":14192,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p24","layer":"bankpulse"},{"n":21,"claim":"md13204-18b367bd","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Opening without it is illegal","plain_english":"Opening a place of business without approval breaks the law and draws penalty.","rbi_paragraph":"Para 18","rbi_char_offset":14645,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p25","layer":"bankpulse"},{"n":22,"claim":"md13204-03612222","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Fifteen per cent free","plain_english":"An eligible bank may open branches up to 15 per cent of last year's count.","rbi_paragraph":"Para 20","rbi_char_offset":15561,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p26","layer":"bankpulse"},{"n":23,"claim":"md13204-ba752922","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Machines at a branch","plain_english":"Cash machines at a branch or counter need no RBI approval.","rbi_paragraph":"Para 20","rbi_char_offset":16623,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p27","layer":"bankpulse"},{"n":24,"claim":"md13204-365c5a0c","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Machines elsewhere need eligibility","plain_english":"An off-site machine inside the area of operation needs the bank to be eligible.","rbi_paragraph":"Para 20","rbi_char_offset":16773,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p28","layer":"bankpulse"},{"n":25,"claim":"md13204-50e5b014","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Thirty branches to a controller","plain_english":"A controlling office is allowed for a cluster of not less than 30 branches.","rbi_paragraph":"Para 20","rbi_char_offset":17350,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p29","layer":"bankpulse"},{"n":26,"claim":"md13204-ce2f7a4f","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"One at least, ten most","plain_english":"That works out to a minimum of one branch and a maximum of 10.","rbi_paragraph":"Para 22","rbi_char_offset":18600,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A bank ended last March with 40 full branches. Fifteen per cent of 40 is six, so it may open six branches on its own this year. A bank with four branches works out at less than one, so RBI gives it one branch. A bank with 200 branches works out at 30, so RBI gives it 10 branches.","anchor":"https://bankpulse.ai/rule/md13204#p30","layer":"bankpulse"},{"n":27,"claim":"md13204-4ecda68f","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Only if old ones cleared","plain_english":"The free route is open only if every existing branch is properly authorised.","rbi_paragraph":"Para 23","rbi_char_offset":18737,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p31","layer":"bankpulse"},{"n":28,"claim":"md13204-4d1b1d27","page_group":"Chapter III. Branch Authorisation","stored_section":"KEY DATES","heading":"Ninety days for an answer","plain_english":"RBI decides on a complete branch application within 90 calendar days.","rbi_paragraph":"Para 26","rbi_char_offset":20087,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p32","layer":"bankpulse"},{"n":29,"claim":"md13204-37f83151","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"The order cannot be changed","plain_english":"Branches are approved strictly in the order of preference the bank gave.","rbi_paragraph":"Para 27","rbi_char_offset":20441,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p33","layer":"bankpulse"},{"n":30,"claim":"md13204-113c028d","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Open three of every four","plain_english":"Failing to open 75% of approved branches in time is taken seriously.","rbi_paragraph":"Para 27","rbi_char_offset":20621,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p34","layer":"bankpulse"},{"n":31,"claim":"md13204-2fa68f90","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Two years shut out","plain_english":"The bank can be barred from opening new branches for the next two years.","rbi_paragraph":"Para 27","rbi_char_offset":20773,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p35","layer":"bankpulse"},{"n":32,"claim":"md13204-e535c507","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"No outside loans","plain_english":"A salary earners' bank's byelaws must not allow loans to outsiders.","rbi_paragraph":"Para 28(1)","rbi_char_offset":21022,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p36","layer":"bankpulse"},{"n":33,"claim":"md13204-8edbfe43","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"A thousand members","plain_english":"It also needs at least 1000 members at the place where it wants a branch.","rbi_paragraph":"Para 28(2)","rbi_char_offset":21209,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p37","layer":"bankpulse"},{"n":34,"claim":"md13204-968b4fa6","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Where a counter may go","plain_english":"Inside a college, big office, factory or hospital the bank already banks for.","rbi_paragraph":"Para 29","rbi_char_offset":21342,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p38","layer":"bankpulse"},{"n":35,"claim":"md13204-1c446019","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Not in a market","plain_english":"No counter in a marketplace or shopping centre, and one only per premises.","rbi_paragraph":"Para 29","rbi_char_offset":22188,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p39","layer":"bankpulse"},{"n":36,"claim":"md13204-5270dac2","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Ten kilometres from the branch","plain_english":"The base branch must be within 10 kilometres of the counter.","rbi_paragraph":"Para 30","rbi_char_offset":22313,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p40","layer":"bankpulse"},{"n":37,"claim":"md13204-fd042aa7","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Ten lakh at a counter","plain_english":"A counter may pay out other loans only up to 10.00 lakh.","rbi_paragraph":"Para 32(5)","rbi_char_offset":23113,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p41","layer":"bankpulse"},{"n":38,"claim":"md13204-2835406c","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"No outside ads on screens","plain_english":"Other people's products must not be advertised on the cash machine screen.","rbi_paragraph":"Para 33","rbi_char_offset":23710,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p42","layer":"bankpulse"},{"n":39,"claim":"md13204-9d76def9","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Moving inside town is free","plain_english":"A branch or office may move within the same city, town or village freely.","rbi_paragraph":"Para 34","rbi_char_offset":24136,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p43","layer":"bankpulse"},{"n":40,"claim":"md13204-15ecf982","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Closing needs no approval","plain_english":"Any place except the head office may be closed without RBI approval.","rbi_paragraph":"Para 40","rbi_char_offset":25640,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p44","layer":"bankpulse"},{"n":41,"claim":"md13204-086fde6b","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Weak banks must ask first","plain_english":"A bank short of the section 11 capital needs approval to sell or take premises.","rbi_paragraph":"Para 41","rbi_char_offset":27075,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p45","layer":"bankpulse"},{"n":42,"claim":"md13204-dd5b2457","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Sign nothing before approval","plain_english":"It must not commit to premises before RBI has given its approval.","rbi_paragraph":"Para 42","rbi_char_offset":27698,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p46","layer":"bankpulse"},{"n":43,"claim":"md13204-92d6e260","page_group":"Chapter III. Branch Authorisation","stored_section":"THE CORE IDEA","heading":"The bank checks itself","plain_english":"The bank decides its own eligibility on the audited figures as at 31 March.","rbi_paragraph":"Para 10","rbi_char_offset":8270,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p47","layer":"bankpulse"},{"n":44,"claim":"md13204-e08a6167","page_group":"Chapter III. Branch Authorisation","stored_section":"KEY DATES","heading":"Thirty days after the audit","plain_english":"The bank must put its eligibility check to the board within 30 days.","rbi_paragraph":"Para 10","rbi_char_offset":8426,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p48","layer":"bankpulse"},{"n":45,"claim":"md13204-697a7893","page_group":"Chapter III. Branch Authorisation","stored_section":"KEY DATES","heading":"Tell RBI in fifteen days","plain_english":"RBI must be told within 15 calendar days of the board resolution.","rbi_paragraph":"Para 10","rbi_char_offset":8645,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p49","layer":"bankpulse"},{"n":46,"claim":"md13204-37ae9b98","page_group":"Chapter III. Branch Authorisation","stored_section":"KEY DATES","heading":"Fifteen days after registration","plain_english":"Go back to RBI within 15 calendar days of registering the changed byelaws.","rbi_paragraph":"Para 16","rbi_char_offset":13514,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p50","layer":"bankpulse"},{"n":47,"claim":"md13204-cd4354ee","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"A written branch policy","plain_english":"The board must approve a written policy for opening branches.","rbi_paragraph":"Para 24","rbi_char_offset":18912,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p51","layer":"bankpulse"},{"n":48,"claim":"md13204-619059a1","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"One plan a year","plain_english":"For more branches the bank files one annual business plan in the year.","rbi_paragraph":"Para 25","rbi_char_offset":19699,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p52","layer":"bankpulse"},{"n":49,"claim":"md13204-7f7ae404","page_group":"Chapter III. Branch Authorisation","stored_section":"KEY DATES","heading":"Open it before March","plain_english":"An approved branch must open by March 31 or the approval lapses.","rbi_paragraph":"Para 26","rbi_char_offset":20219,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p53","layer":"bankpulse"},{"n":50,"claim":"md13204-c454414a","page_group":"Chapter III. Branch Authorisation","stored_section":"KEY DATES","heading":"One month before shifting","plain_english":"Customers get at least one month's notice before a branch moves.","rbi_paragraph":"Para 36","rbi_char_offset":24651,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p54","layer":"bankpulse"},{"n":51,"claim":"md13204-827a199d","page_group":"Chapter III. Branch Authorisation","stored_section":"KEY DATES","heading":"Two months before closing","plain_english":"Depositors and clients get two months' notice before a branch shuts.","rbi_paragraph":"Para 40(3)","rbi_char_offset":26217,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p55","layer":"bankpulse"},{"n":52,"claim":"md13204-8d9f046b","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"Send back the licence","plain_english":"The original branch licence goes back to RBI within 15 calendar days.","rbi_paragraph":"Para 40(5)","rbi_char_offset":26640,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p56","layer":"bankpulse"},{"n":53,"claim":"md13204-455cf9ad","page_group":"Chapter III. Branch Authorisation","stored_section":"WHO SHOULD ACT","heading":"A split district is automatic","plain_english":"If a district is split or reorganised the area changes without RBI approval.","rbi_paragraph":"Para 17","rbi_char_offset":13837,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p57","layer":"bankpulse"},{"n":1,"claim":"md13204-e8567074","page_group":"Chapter IV. Business Facilitator (BF) / Business Correspondent (BC) Model","stored_section":"WHO SHOULD ACT","heading":"Capital above ten for agents","plain_english":"To use agents the bank needs a capital ratio of more than 10 %.","rbi_paragraph":"Para 44(1)","rbi_char_offset":29026,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p58","layer":"bankpulse"},{"n":2,"claim":"md13204-48cf8409","page_group":"Chapter IV. Business Facilitator (BF) / Business Correspondent (BC) Model","stored_section":"WHO SHOULD ACT","heading":"Bad loans under five","plain_english":"It also needs net bad loans of less than 5 %.","rbi_paragraph":"Para 44(2)","rbi_char_offset":29054,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p59","layer":"bankpulse"},{"n":3,"claim":"md13204-46a2ee8a","page_group":"Chapter IV. Business Facilitator (BF) / Business Correspondent (BC) Model","stored_section":"WHO SHOULD ACT","heading":"Profit for three years","plain_english":"And an unbroken net profit for the last three years.","rbi_paragraph":"Para 44(4)","rbi_char_offset":29166,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p60","layer":"bankpulse"},{"n":4,"claim":"md13204-6c157707","page_group":"Chapter IV. Business Facilitator (BF) / Business Correspondent (BC) Model","stored_section":"WHO SHOULD ACT","heading":"Directors and staff are barred","plain_english":"Directors, their relatives and serving employees cannot act as agents.","rbi_paragraph":"Para 46","rbi_char_offset":30444,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p61","layer":"bankpulse"},{"n":5,"claim":"md13204-faf10edd","page_group":"Chapter IV. Business Facilitator (BF) / Business Correspondent (BC) Model","stored_section":"WHO SHOULD ACT","heading":"The bank carries the blame","plain_english":"Every customer contract must say the bank answers for what the agent does.","rbi_paragraph":"Para 52(3)","rbi_char_offset":34457,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p62","layer":"bankpulse"},{"n":6,"claim":"md13204-c5e3a917","page_group":"Chapter IV. Business Facilitator (BF) / Business Correspondent (BC) Model","stored_section":"WHO SHOULD ACT","heading":"Thirty kilometres, five in cities","plain_english":"An agent must be within 30 kms of the base branch, 5 kms in a metro.","rbi_paragraph":"Para 53","rbi_char_offset":34841,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p63","layer":"bankpulse"},{"n":7,"claim":"md13204-6b351c94","page_group":"Chapter IV. Business Facilitator (BF) / Business Correspondent (BC) Model","stored_section":"WHO SHOULD ACT","heading":"No sub agents under one","plain_english":"An individual agent cannot appoint sub-agents of his own.","rbi_paragraph":"Para 56","rbi_char_offset":41589,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p64","layer":"bankpulse"},{"n":8,"claim":"md13204-336fcf1f","page_group":"Chapter IV. Business Facilitator (BF) / Business Correspondent (BC) Model","stored_section":"WHO SHOULD ACT","heading":"The bank charges, not agent","plain_english":"Only the bank may collect service charges, and openly.","rbi_paragraph":"Para 57","rbi_char_offset":41844,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p65","layer":"bankpulse"},{"n":9,"claim":"md13204-f53b534f","page_group":"Chapter IV. Business Facilitator (BF) / Business Correspondent (BC) Model","stored_section":"WHO SHOULD ACT","heading":"Thirty days then the Ombudsman","plain_english":"A customer unanswered for 30 days may go to the RBI Ombudsman.","rbi_paragraph":"Para 61","rbi_char_offset":43731,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p66","layer":"bankpulse"},{"n":10,"claim":"md13204-a93ed395","page_group":"Chapter IV. Business Facilitator (BF) / Business Correspondent (BC) Model","stored_section":"WHO SHOULD ACT","heading":"Know your customer stays yours","plain_english":"The duty to check customer identity stays with the bank.","rbi_paragraph":"Para 62","rbi_char_offset":44291,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p67","layer":"bankpulse"},{"n":11,"claim":"md13204-f1200aa3","page_group":"Chapter IV. Business Facilitator (BF) / Business Correspondent (BC) Model","stored_section":"WHO SHOULD ACT","heading":"Same day or next day","plain_english":"An agent's transactions must reach the bank's books by the next working day.","rbi_paragraph":"Para 52(2)","rbi_char_offset":34321,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p68","layer":"bankpulse"},{"n":12,"claim":"md13204-79ed7023","page_group":"Chapter IV. Business Facilitator (BF) / Business Correspondent (BC) Model","stored_section":"WHO SHOULD ACT","heading":"The agent charges nothing","plain_english":"The agreement must stop the agent charging the customer directly.","rbi_paragraph":"Para 58","rbi_char_offset":42738,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p69","layer":"bankpulse"},{"n":1,"claim":"md13204-4eece861","page_group":"Chapter V. Doorstep Banking","stored_section":"WHO SHOULD ACT","heading":"Doorstep service needs no approval","plain_english":"The bank may offer doorstep banking on its own, without asking RBI.","rbi_paragraph":"Para 72","rbi_char_offset":47318,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p70","layer":"bankpulse"},{"n":2,"claim":"md13204-9774e312","page_group":"Chapter V. Doorstep Banking","stored_section":"WHO SHOULD ACT","heading":"Bigger banks may use agents","plain_english":"A Tier 3 or Tier 4 bank may use its own staff or agents at the door.","rbi_paragraph":"Para 74","rbi_char_offset":47749,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p71","layer":"bankpulse"},{"n":3,"claim":"md13204-8b304168","page_group":"Chapter V. Doorstep Banking","stored_section":"WHO SHOULD ACT","heading":"Smaller banks use own staff","plain_english":"A Tier 1 or Tier 2 bank may use only its permanent employees.","rbi_paragraph":"Para 74","rbi_char_offset":47877,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p72","layer":"bankpulse"},{"n":1,"claim":"md13204-e06fe19d","page_group":"Chapter VI. Information Reporting","stored_section":"WHO SHOULD ACT","heading":"Late reporting shuts the door","plain_english":"Late or wrong reporting can bar new branches for up to three years.","rbi_paragraph":"Para 80","rbi_char_offset":51746,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p73","layer":"bankpulse"},{"n":2,"claim":"md13204-7d339077","page_group":"Chapter VI. Information Reporting","stored_section":"KEY DATES","heading":"Seven days to report","plain_english":"Opening, closing, merging or shifting goes on the RBI portal within seven days.","rbi_paragraph":"Para 77","rbi_char_offset":49487,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p74","layer":"bankpulse"},{"n":3,"claim":"md13204-477ae862","page_group":"Chapter VI. Information Reporting","stored_section":"WHO SHOULD ACT","heading":"Fifteen days to report","plain_english":"Anything not needing approval must still be reported in 15 calendar days.","rbi_paragraph":"Para 80","rbi_char_offset":51418,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p75","layer":"bankpulse"},{"n":1,"claim":"md13204-f7a96207","page_group":"Chapter VII. Repeal and other Provisions","stored_section":"WHAT IT REPLACES","heading":"It replaces its own twin","plain_english":"It repeals a rulebook of the same name issued days earlier.","rbi_paragraph":"Para 82","rbi_char_offset":52539,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p76","layer":"bankpulse"},{"n":2,"claim":"md13204-1079c38d","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 83","rbi_char_offset":52837,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p77","layer":"bankpulse"},{"n":3,"claim":"md13204-76f8c80d","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 83","rbi_char_offset":53016,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p78","layer":"bankpulse"},{"n":4,"claim":"md13204-a1664389","page_group":"Chapter VII. Repeal and other Provisions","stored_section":"IMPACT","heading":"Other laws still apply","plain_english":"These rules add to other laws. They do not cut them down.","rbi_paragraph":"Para 84","rbi_char_offset":53177,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p79","layer":"bankpulse"},{"n":5,"claim":"md13204-1f001e30","page_group":"Chapter VII. Repeal and other Provisions","stored_section":"IMPACT","heading":"RBI's reading is final","plain_english":"If a rule is unclear, RBI's reading of it binds everyone.","rbi_paragraph":"Para 85","rbi_char_offset":53684,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13204#p80","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."}