{"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":"md13319","title":"Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittances of Profits) Directions, 2026","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13319","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":"md13319","mode":"four_dates_v1","published":{"label":"Published","value":"Mar 10, 2026","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/md13319.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13319","document_date":"Mar 10, 2026","read_by_bankpulse":"2026-08-21 16:22:09 UTC","text_sha256":"117509261b671fecdfcbd99852dae7b103c978f22d0340bb3a9206426a748202","word_count":1878,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":28,"points_naming_an_rbi_paragraph":28,"points_stored":28,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13319-34c77ec0","page_group":"Opening paragraphs","stored_section":"THE CORE IDEA","heading":"Half of bad loans","plain_english":"Adjusted profit is the year's profit after tax minus 50 per cent of net bad loans.","rbi_paragraph":"Para 4(1)","rbi_char_offset":4159,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p1","layer":"bankpulse"},{"n":2,"claim":"md13319-83528828","page_group":"Opening paragraphs","stored_section":"THE CORE IDEA","heading":"Preference dividend excluded","plain_english":"Dividend here covers equity and interim dividend, never dividend on perpetual preference shares.","rbi_paragraph":"Para 4(2)","rbi_char_offset":4322,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p2","layer":"bankpulse"},{"n":3,"claim":"md13319-dcb1f7e2","page_group":"Opening paragraphs","stored_section":"KEY DATES","heading":"Start date","plain_english":"These Directions take effect from the financial year 2026-27.","rbi_paragraph":"Para 2","rbi_char_offset":3378,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p3","layer":"bankpulse"},{"n":4,"claim":"md13319-7dd3babe","page_group":"Opening paragraphs","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These rules bind every commercial bank, the State Bank of India, and foreign bank branches in India.","rbi_paragraph":"Para 3","rbi_char_offset":3472,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p4","layer":"bankpulse"},{"n":5,"claim":"md13319-181fb183","page_group":"Opening paragraphs","stored_section":"WHO IT APPLIES TO","heading":"Four kinds excluded","plain_english":"Small finance, local area, payments and regional rural banks are outside these rules.","rbi_paragraph":"Para 3","rbi_char_offset":3706,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p5","layer":"bankpulse"},{"n":1,"claim":"md13319-ccbc20b7","page_group":"Chapter II. 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Declaration of dividend and remittance of profits","stored_section":"WHAT CHANGES","heading":"Overstated profit barred","plain_english":"Profit overstated under a modified audit opinion cannot be paid out, to that extent.","rbi_paragraph":"Para 11(2)","rbi_char_offset":8767,"weight":"MUST KNOW","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p9","layer":"bankpulse"},{"n":5,"claim":"md13319-6bdef950","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"WHAT CHANGES","heading":"Level 3 gains barred","plain_english":"Unrealised gains from fair valuing Level 3 instruments cannot be paid out.","rbi_paragraph":"Para 11(3)","rbi_char_offset":9145,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p10","layer":"bankpulse"},{"n":6,"claim":"md13319-e5256a67","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"KEY DATES","heading":"A fortnight to report","plain_english":"Details go to RBI's Department of Supervision within a fortnight of declaring or remitting.","rbi_paragraph":"Para 12","rbi_char_offset":9901,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p11","layer":"bankpulse"},{"n":7,"claim":"md13319-55a22ee9","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"WHO SHOULD ACT","heading":"What the Board weighs","plain_english":"The Board must weigh RBI's divergence findings, the auditor's opinion, capital position and growth plans.","rbi_paragraph":"Para 6(1)","rbi_char_offset":5187,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p12","layer":"bankpulse"},{"n":8,"claim":"md13319-9e4306f4","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"WHO SHOULD ACT","heading":"Auditor's opinion counts","plain_english":"The Board must consider the auditor's report, including any modified opinion or emphasis of matter.","rbi_paragraph":"Para 6(2)","rbi_char_offset":5370,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p13","layer":"bankpulse"},{"n":9,"claim":"md13319-2381961d","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"WHAT CHANGES","heading":"Capital before and after","plain_english":"The bank must meet its capital requirement last year, this year, and after paying the dividend.","rbi_paragraph":"Para 7(2)","rbi_char_offset":6051,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p14","layer":"bankpulse"},{"n":10,"claim":"md13319-4c563511","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"WHAT CHANGES","heading":"Profit must be positive","plain_english":"An Indian bank needs positive adjusted profit after tax for the dividend period.","rbi_paragraph":"Para 7(3)","rbi_char_offset":6193,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p15","layer":"bankpulse"},{"n":11,"claim":"md13319-a79a88e8","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"IMPACT","heading":"Excess must return","plain_english":"If a branch remits too much, the head office must return the excess at once.","rbi_paragraph":"Para 10","rbi_char_offset":8141,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p16","layer":"bankpulse"},{"n":12,"claim":"md13319-7f2e1aea","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"WHO SHOULD ACT","heading":"Capital plans ahead","plain_english":"Current and projected capital position against the requirement is part of the deliberation.","rbi_paragraph":"Para 6(3)","rbi_char_offset":5529,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p17","layer":"bankpulse"},{"n":13,"claim":"md13319-93b2e4cc","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"WHAT CHANGES","heading":"Foreign profit positive","plain_english":"A foreign branch needs positive profit after tax for the period it remits.","rbi_paragraph":"Para 7(4)","rbi_char_offset":6329,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p18","layer":"bankpulse"},{"n":14,"claim":"md13319-e3d52504","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"WHAT CHANGES","heading":"Below eight, nothing","plain_english":"In the bottom bucket, at 8 plus the buffer or below, nothing may be paid.","rbi_paragraph":"Para 8","rbi_char_offset":7098,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p19","layer":"bankpulse"},{"n":15,"claim":"md13319-587f8e1b","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"WHAT CHANGES","heading":"Above twenty, everything","plain_english":"Above 20 plus the buffer the bank may pay 100 of adjusted profit, before the cap.","rbi_paragraph":"Para 8","rbi_char_offset":7453,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p20","layer":"bankpulse"},{"n":16,"claim":"md13319-d7e9e255","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"THE CORE IDEA","heading":"What z means","plain_english":"z is the bank's D-SIB buffer, and zero for a bank that is not one.","rbi_paragraph":"Para 8","rbi_char_offset":7549,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p21","layer":"bankpulse"},{"n":17,"claim":"md13319-fa292b0d","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"WHAT CHANGES","heading":"Foreign branch remittance","plain_english":"A qualifying foreign branch may remit its Indian profit to head office without RBI's prior approval.","rbi_paragraph":"Para 10","rbi_char_offset":7860,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p22","layer":"bankpulse"},{"n":18,"claim":"md13319-c7e27932","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"WHAT CHANGES","heading":"Audited accounts first","plain_english":"Remittance without prior approval needs the branch accounts audited.","rbi_paragraph":"Para 10","rbi_char_offset":8026,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p23","layer":"bankpulse"},{"n":19,"claim":"md13319-11ff4a23","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"WHAT CHANGES","heading":"Provision reversals guided","plain_english":"Payouts from reversed provisions follow the credit risk transfer Directions.","rbi_paragraph":"Para 11(4)","rbi_char_offset":9310,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p24","layer":"bankpulse"},{"n":20,"claim":"md13319-ad4353b6","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"IMPACT","heading":"RBI may restrict","plain_english":"RBI may restrict dividends where a bank breaks laws or its guidelines.","rbi_paragraph":"Para 13","rbi_char_offset":10131,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p25","layer":"bankpulse"},{"n":21,"claim":"md13319-fb943777","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"IMPACT","heading":"No special favour","plain_english":"A bank that fails the tests gets no special dispensation for that period.","rbi_paragraph":"Para 14","rbi_char_offset":10424,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p26","layer":"bankpulse"},{"n":22,"claim":"md13319-085d5020","page_group":"Chapter II. Declaration of dividend and remittance of profits","stored_section":"IMPACT","heading":"Breach draws action","plain_english":"Breaking these Directions can bring supervisory or enforcement action.","rbi_paragraph":"Para 15","rbi_char_offset":10581,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p27","layer":"bankpulse"},{"n":1,"claim":"md13319-849b5dcd","page_group":"Chapter III. Repeal and other provisions","stored_section":"WHAT IT REPLACES","heading":"Old actions stay valid","plain_english":"Action taken under the repealed rules is still governed by those rules.","rbi_paragraph":"Para 18","rbi_char_offset":11167,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13319#p28","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. 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