{"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":"md13586","title":"Reserve Bank of India (Non-Banking Financial Companies – Miscellaneous) Supervisory Directions, 2026","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13586","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":"Finance companies","class_code":"NBFC","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13586","mode":"four_dates_v1","published":{"label":"Published","value":"Jul 31, 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/md13586.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13586","document_date":"Jul 31, 2026","read_by_bankpulse":"2026-08-21 16:25:50 UTC","text_sha256":"4a8e506067c93bab9f3c20bd4ba79c9ab233a7f88f15e98eff8dca11bd3b2872","word_count":2992,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":26,"points_naming_an_rbi_paragraph":26,"points_stored":26,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13586-2b9d5cad","page_group":"Opening paragraphs","stored_section":"THE CORE IDEA","heading":"One supervisory rulebook","plain_english":"This book holds RBI's mixed supervisory rules for non-banking financial companies in one place.","rbi_paragraph":"Opening paragraphs","rbi_char_offset":3001,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p1","layer":"bankpulse"},{"n":1,"claim":"md13586-9db77ee8","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Start date","plain_english":"These rules took effect the day RBI issued them.","rbi_paragraph":"Para 2","rbi_char_offset":3251,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"There is no gap here between issue and effect. The Directions come into effect immediately upon issuance. A bank cannot wait for a separate start date, because there is none.","anchor":"https://bankpulse.ai/rule/md13586#p2","layer":"bankpulse"},{"n":2,"claim":"md13586-57af193a","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Every layer covered","plain_english":"These rules apply to non-banking financial companies in all layers that hold RBI registration.","rbi_paragraph":"Para 3","rbi_char_offset":3338,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p3","layer":"bankpulse"},{"n":3,"claim":"md13586-1cbdce41","page_group":"Chapter I. Preliminary","stored_section":"WHAT CHANGES","heading":"Words from the Acts","plain_english":"Any other word takes its meaning from the RBI Act, the Banking Regulation Act or the Companies Act.","rbi_paragraph":"Para 4","rbi_char_offset":4899,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p4","layer":"bankpulse"},{"n":1,"claim":"md13586-8b42a9c8","page_group":"Chapter II. Implementation of Core Financial Services Solution","stored_section":"WHAT CHANGES","heading":"Core system at ten units","plain_english":"A company in the upper or middle layer with ten or more service points must run a Core Financial Services Solution.","rbi_paragraph":"Para 5","rbi_char_offset":5354,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p5","layer":"bankpulse"},{"n":2,"claim":"md13586-ec0ed1b7","page_group":"Chapter II. Implementation of Core Financial Services Solution","stored_section":"KEY DATES","heading":"Report progress each quarter","plain_english":"Progress on putting that system in place goes to RBI's Senior Supervisory Manager every quarter.","rbi_paragraph":"Para 6","rbi_char_offset":6610,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p6","layer":"bankpulse"},{"n":1,"claim":"md13586-8c530cc4","page_group":"Chapter III. Fair Practices Code - Charging of Interest","stored_section":"WHO SHOULD ACT","heading":"Check how you charge","plain_english":"The firm must review how it pays out loans and charges interest, and fix what is unfair.","rbi_paragraph":"Para 7","rbi_char_offset":6797,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p7","layer":"bankpulse"},{"n":2,"claim":"md13586-91cd2865","page_group":"Chapter III. Fair Practices Code - Charging of Interest","stored_section":"IMPACT","heading":"RBI calls this serious","plain_english":"Odd ways of charging interest are not fair or open, and RBI treats them as a serious matter.","rbi_paragraph":"Para 8","rbi_char_offset":8086,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p8","layer":"bankpulse"},{"n":3,"claim":"md13586-d06c3d99","page_group":"Chapter III. Fair Practices Code - Charging of Interest","stored_section":"WHAT CHANGES","heading":"Pay out by transfer","plain_english":"The firm may pay out a loan by online transfer instead of a cheque.","rbi_paragraph":"Para 9","rbi_char_offset":8289,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p9","layer":"bankpulse"},{"n":1,"claim":"md13586-e62c7649","page_group":"Chapter IV. Nomination Facility","stored_section":"KEY DATES","heading":"Report cover each quarter","plain_english":"Progress on nomination cover goes to RBI through the DAKSH portal every quarter.","rbi_paragraph":"Para 12","rbi_char_offset":8937,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p10","layer":"bankpulse"},{"n":2,"claim":"md13586-867ff6a2","page_group":"Chapter IV. Nomination Facility","stored_section":"WHO SHOULD ACT","heading":"Ask every depositor","plain_english":"A deposit-taking company must obtain a nomination from every eligible customer holding a deposit account.","rbi_paragraph":"Para 10","rbi_char_offset":8409,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p11","layer":"bankpulse"},{"n":3,"claim":"md13586-8dea79c1","page_group":"Chapter IV. Nomination Facility","stored_section":"WHO SHOULD ACT","heading":"The board reviews cover","plain_english":"The board or its Customer Service Committee must review how far nomination cover has reached.","rbi_paragraph":"Para 11","rbi_char_offset":8762,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p12","layer":"bankpulse"},{"n":4,"claim":"md13586-c921631c","page_group":"Chapter IV. Nomination Facility","stored_section":"WHO SHOULD ACT","heading":"Train the front desk","plain_english":"Branch staff must be trained to take nominations and to handle the claims of a dead customer's family.","rbi_paragraph":"Para 13","rbi_char_offset":9061,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p13","layer":"bankpulse"},{"n":5,"claim":"md13586-b5c14882","page_group":"Chapter IV. Nomination Facility","stored_section":"WHO SHOULD ACT","heading":"Tell the public","plain_english":"The firm must publicise the use of nomination through the media as well as telling depositors directly.","rbi_paragraph":"Para 14","rbi_char_offset":9429,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p14","layer":"bankpulse"},{"n":1,"claim":"md13586-a8e106a6","page_group":"Chapter V. Prompt Corrective Action Framework","stored_section":"IMPACT","heading":"Bad loan trip wires","plain_english":"Net bad loans past 6, 9 and 12 per cent mark the three rising risk thresholds.","rbi_paragraph":"Para 17","rbi_char_offset":11909,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A bank's net bad loans are 7 per cent. That is above 6 per cent and not above 9 per cent, so it sits in the first band. At 10 per cent it moves to the second, and above 12 per cent to the third.","anchor":"https://bankpulse.ai/rule/md13586#p15","layer":"bankpulse"},{"n":2,"claim":"md13586-e5fb3d9a","page_group":"Chapter V. Prompt Corrective Action Framework","stored_section":"THE CORE IDEA","heading":"Why early action exists","plain_english":"The Prompt Corrective Action framework lets RBI step in early and makes a weak firm start fixing itself.","rbi_paragraph":"Para 15","rbi_char_offset":9736,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p16","layer":"bankpulse"},{"n":3,"claim":"md13586-0b0cc3d0","page_group":"Chapter V. Prompt Corrective Action Framework","stored_section":"WHAT CHANGES","heading":"What is watched","plain_english":"Capital and asset quality are the areas tracked, with leverage added for a core investment company.","rbi_paragraph":"Para 16","rbi_char_offset":10338,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p17","layer":"bankpulse"},{"n":4,"claim":"md13586-cd103f63","page_group":"Chapter V. Prompt Corrective Action Framework","stored_section":"WHAT CHANGES","heading":"What puts a firm in","plain_english":"A firm goes under the framework on its audited yearly results or on RBI's own supervisory assessment.","rbi_paragraph":"Para 17","rbi_char_offset":10854,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p18","layer":"bankpulse"},{"n":5,"claim":"md13586-db1d47fe","page_group":"Chapter V. Prompt Corrective Action Framework","stored_section":"WHAT CHANGES","heading":"What takes it out","plain_english":"Coming out of the framework is considered when the breaches stop.","rbi_paragraph":"Para 18","rbi_char_offset":12549,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p19","layer":"bankpulse"},{"n":6,"claim":"md13586-83ee337d","page_group":"Chapter V. Prompt Corrective Action Framework","stored_section":"IMPACT","heading":"Actions RBI may order","plain_english":"Once inside, one or more corrective actions may be ordered, some of them compulsory.","rbi_paragraph":"Para 19","rbi_char_offset":13072,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p20","layer":"bankpulse"},{"n":7,"claim":"md13586-3425067e","page_group":"Chapter V. Prompt Corrective Action Framework","stored_section":"WHAT CHANGES","heading":"The discretionary list","plain_english":"The discretionary actions begin with special supervisory monitoring meetings held every quarter.","rbi_paragraph":"Para 20","rbi_char_offset":14104,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p21","layer":"bankpulse"},{"n":8,"claim":"md13586-f58defe7","page_group":"Chapter V. Prompt Corrective Action Framework","stored_section":"IMPACT","heading":"RBI may say so publicly","plain_english":"RBI may issue a press release when a firm is placed under the framework and when it is taken out.","rbi_paragraph":"Para 21","rbi_char_offset":18990,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p22","layer":"bankpulse"},{"n":1,"claim":"md13586-4aa3be8e","page_group":"Chapter VI. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old instructions repealed","plain_english":"The old rules on these matters were repealed by RBI's own circular.","rbi_paragraph":"Para 22","rbi_char_offset":19171,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A compliance officer keeps an old circular on the same subject in the manual. It no longer applies. The existing directions, instructions and guidelines on these areas stand repealed. Only this rulebook governs them now.","anchor":"https://bankpulse.ai/rule/md13586#p23","layer":"bankpulse"},{"n":2,"claim":"md13586-34cd0eed","page_group":"Chapter VI. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Earlier action stands","plain_english":"What was done or begun under the old rules is still ruled by them.","rbi_paragraph":"Para 23","rbi_char_offset":19594,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A show cause notice was issued under the old rules last year. The repeal does not move it. Any action taken or initiated under the repealed directions is still governed by them. The new rulebook applies to what comes after.","anchor":"https://bankpulse.ai/rule/md13586#p24","layer":"bankpulse"},{"n":3,"claim":"md13586-9d276afe","page_group":"Chapter VI. Repeal and Other Provisions","stored_section":"WHAT CHANGES","heading":"Adds to other law","plain_english":"These rules add to other laws in force. They take nothing away.","rbi_paragraph":"Para 24","rbi_char_offset":20662,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A bank follows these Directions and thinks the matter is closed. It is not. Any other laws, rules, regulations or directions in force still apply on top. Where another one asks for more, the bank does the more.","anchor":"https://bankpulse.ai/rule/md13586#p25","layer":"bankpulse"},{"n":4,"claim":"md13586-af4284f5","page_group":"Chapter VI. Repeal and Other Provisions","stored_section":"WHO SHOULD ACT","heading":"RBI's reading is final","plain_english":"RBI may clear up doubts, and its reading of any clause is final.","rbi_paragraph":"Para 25","rbi_char_offset":20868,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13586#p26","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."}