{"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":"md13324","title":"Reserve Bank of India (Local Area Banks – Prudential Norms on Declaration of Dividend) Directions, 2026","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13324","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":"Local area banks","class_code":"LAB","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13324","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/md13324.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13324","document_date":"Mar 10, 2026","read_by_bankpulse":"2026-08-21 16:22:14 UTC","text_sha256":"b8f2ef88b99687cf26dc31851ecfd35574cd0d5e242a313e0fbe341fbdc7bb53","word_count":1795,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":33,"points_naming_an_rbi_paragraph":33,"points_stored":33,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13324-8cb4e3ea","page_group":"Opening paragraphs","stored_section":"THE CORE IDEA","heading":"Where the power comes from","plain_english":"RBI issues these rules under the Banking Regulation Act.","rbi_paragraph":"Opening paragraphs","rbi_char_offset":2548,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13324#p1","layer":"bankpulse"},{"n":2,"claim":"md13324-9b2dbc7e","page_group":"Opening paragraphs","stored_section":"THE CORE IDEA","heading":"Why RBI issued them","plain_english":"RBI states it is satisfied these rules are needed in the public interest.","rbi_paragraph":"Opening paragraphs","rbi_char_offset":2748,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"RBI does not have to explain each rule one by one. It states that it is satisfied the rules are necessary and expedient in the public interest. 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Declaration of dividend","stored_section":"WHAT CHANGES","heading":"The top of the table","plain_english":"A bank above 21 per cent may pay the whole of its adjusted profit after tax.","rbi_paragraph":"Para 8","rbi_char_offset":6269,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13324#p14","layer":"bankpulse"},{"n":6,"claim":"md13324-48f7bb48","page_group":"Chapter II. Declaration of dividend","stored_section":"WHAT CHANGES","heading":"Unusual profit is barred","plain_english":"Exceptional or extraordinary profit may not be used to pay a dividend.","rbi_paragraph":"Para 10(1)","rbi_char_offset":6468,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13324#p15","layer":"bankpulse"},{"n":7,"claim":"md13324-ff96c74f","page_group":"Chapter II. Declaration of dividend","stored_section":"WHAT CHANGES","heading":"An overstated profit is barred","plain_english":"Profit the auditor says is overstated may not be used, to that extent.","rbi_paragraph":"Para 10(2)","rbi_char_offset":6629,"weight":"MUST KNOW","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13324#p16","layer":"bankpulse"},{"n":8,"claim":"md13324-e90c5032","page_group":"Chapter II. Declaration of dividend","stored_section":"WHAT CHANGES","heading":"No Level 3 gains","plain_english":"A bank may not pay a dividend out of unrealised gains on Level 3 instruments.","rbi_paragraph":"Para 10(3)","rbi_char_offset":6933,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13324#p17","layer":"bankpulse"},{"n":9,"claim":"md13324-c1817b96","page_group":"Chapter II. 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