{"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":"md13596","title":"Reserve Bank of India (All India Financial Institutions – Fraud Risk Management) Directions, 2026","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13596","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":"All India financial institutions","class_code":"AIFI","from":"the document's own title","layer":"bankpulse_inference"},"dates":{"prid":"md13596","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/md13596.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13596","document_date":"Jul 31, 2026","read_by_bankpulse":"2026-08-21 16:25:44 UTC","text_sha256":"89f7afe0f73d20828080660a41e7539fe790c1bd281e97641720e83e134a0ed1","word_count":5576,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":62,"points_naming_an_rbi_paragraph":62,"points_stored":62,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13596-2e34bb43","page_group":"Chapter I. Preliminary","stored_section":"THE CORE IDEA","heading":"Fraud rules","plain_english":"This paper sets how all India financial institutions must handle fraud.","rbi_paragraph":"Para 1","rbi_char_offset":4170,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p1","layer":"bankpulse"},{"n":2,"claim":"md13596-0e747d72","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Start date","plain_english":"These Directions came into effect immediately upon issuance.","rbi_paragraph":"Para 2","rbi_char_offset":4320,"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/md13596#p2","layer":"bankpulse"},{"n":3,"claim":"md13596-d735f6d7","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These Directions apply to every all India financial institution.","rbi_paragraph":"Para 3","rbi_char_offset":4390,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p3","layer":"bankpulse"},{"n":1,"claim":"md13596-e0d78cc8","page_group":"Chapter II. Governance and Oversight","stored_section":"KEY DATES","heading":"Twenty-one days to reply","plain_english":"The notice must give the person at least 21 days to reply.","rbi_paragraph":"Para 6(2)","rbi_char_offset":7964,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"Suppose the notice is served on 1 September. The person must be given at least 21 days to reply, so the reply is due no earlier than 22 September. A notice allowing 14 days would fall short.","anchor":"https://bankpulse.ai/rule/md13596#p4","layer":"bankpulse"},{"n":2,"claim":"md13596-47cb86cb","page_group":"Chapter II. Governance and Oversight","stored_section":"KEY DATES","heading":"Review it every three years","plain_english":"The Board must look at the fraud policy at least once in three years.","rbi_paragraph":"Para 7","rbi_char_offset":9171,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p5","layer":"bankpulse"},{"n":3,"claim":"md13596-da1f3ac0","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"A Board policy on fraud","plain_english":"The Board must approve a fraud risk policy setting out who does what.","rbi_paragraph":"Para 5","rbi_char_offset":6454,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p6","layer":"bankpulse"},{"n":4,"claim":"md13596-e599673a","page_group":"Chapter II. Governance and Oversight","stored_section":"WHAT CHANGES","heading":"What the policy covers","plain_english":"The policy must cover prevention, early catching, enquiry, staff responsibility, watching, recovery and reporting of frauds.","rbi_paragraph":"Para 5","rbi_char_offset":6639,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p7","layer":"bankpulse"},{"n":5,"claim":"md13596-d49991a8","page_group":"Chapter II. Governance and Oversight","stored_section":"WHAT CHANGES","heading":"Give the full grounds","plain_english":"The notice must set out every transaction and event the fraud finding rests on.","rbi_paragraph":"Para 6(1)","rbi_char_offset":7483,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p8","layer":"bankpulse"},{"n":6,"claim":"md13596-f4582f7a","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"A reasoned order, served","plain_english":"A reasoned order must be served, setting out the facts, the reply and the reasons.","rbi_paragraph":"Para 6(4)","rbi_char_offset":8302,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p9","layer":"bankpulse"},{"n":7,"claim":"md13596-32a377ee","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"It reviews every case","plain_english":"That committee must review fraud cases, find the root cause and suggest fixes.","rbi_paragraph":"Para 8(2)","rbi_char_offset":9863,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p10","layer":"bankpulse"},{"n":8,"claim":"md13596-4e316bd9","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"Board sets the money line","plain_english":"The Board decides the size of fraud case that must go to that committee.","rbi_paragraph":"Para 8(3)","rbi_char_offset":10422,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p11","layer":"bankpulse"},{"n":9,"claim":"md13596-1e55261c","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"Senior staff run the policy","plain_english":"Senior management must put the Board's fraud policy into practice.","rbi_paragraph":"Para 9","rbi_char_offset":10602,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p12","layer":"bankpulse"},{"n":10,"claim":"md13596-d5169b05","page_group":"Chapter II. Governance and Oversight","stored_section":"KEY DATES","heading":"Report cases upward","plain_english":"Senior management must place a regular review of frauds before the Board or its audit committee.","rbi_paragraph":"Para 9","rbi_char_offset":10758,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p13","layer":"bankpulse"},{"n":11,"claim":"md13596-d065bcc0","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"Take whistle blowers seriously","plain_english":"Whistle blower complaints about possible fraud must be examined and closed properly.","rbi_paragraph":"Para 10","rbi_char_offset":10938,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p14","layer":"bankpulse"},{"n":12,"claim":"md13596-098f0ea0","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"A team for fraud risk","plain_english":"A proper unit for fraud risk must sit inside the wider risk function.","rbi_paragraph":"Para 11","rbi_char_offset":11129,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p15","layer":"bankpulse"},{"n":13,"claim":"md13596-cb317998","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"A General Manager owns it","plain_english":"An officer of at least General Manager rank must own fraud watching and reporting.","rbi_paragraph":"Para 11","rbi_char_offset":11509,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p16","layer":"bankpulse"},{"n":14,"claim":"md13596-b269a4ac","page_group":"Chapter II. Governance and Oversight","stored_section":"THE CORE IDEA","heading":"Weigh the outside director","plain_english":"A nominee or independent director is normally not in charge of the business, and that counts.","rbi_paragraph":"Para 6(1)","rbi_char_offset":7727,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p17","layer":"bankpulse"},{"n":15,"claim":"md13596-0037a451","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"A committee on fraud","plain_english":"A special committee, headed by an independent director, oversees fraud work.","rbi_paragraph":"Para 8(1)","rbi_char_offset":9694,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p18","layer":"bankpulse"},{"n":1,"claim":"md13596-e7ec8a24","page_group":"Chapter III. Early Detection of Frauds - Framework for Early Warning Signals and Red Flagging of Accounts","stored_section":"KEY DATES","heading":"Thirty days to look","plain_english":"The risk committee sets the time to examine an alert, preferably no more than thirty days.","rbi_paragraph":"Para 14","rbi_char_offset":12349,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p19","layer":"bankpulse"},{"n":2,"claim":"md13596-1ec45589","page_group":"Chapter III. Early Detection of Frauds - Framework for Early Warning Signals and Red Flagging of Accounts","stored_section":"KEY DATES","heading":"Three crore, seven days","plain_english":"An account of ₹3 crore or more, once red flagged, is reported on CRILC within seven days.","rbi_paragraph":"Para 22","rbi_char_offset":14367,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p20","layer":"bankpulse"},{"n":3,"claim":"md13596-74facd38","page_group":"Chapter III. Early Detection of Frauds - Framework for Early Warning Signals and Red Flagging of Accounts","stored_section":"WHAT CHANGES","heading":"Early warning and red flags","plain_english":"There must be a framework for early warning signals and red flagging accounts.","rbi_paragraph":"Para 12","rbi_char_offset":11776,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p21","layer":"bankpulse"},{"n":4,"claim":"md13596-e370515c","page_group":"Chapter III. Early Detection of Frauds - Framework for Early Warning Signals and Red Flagging of Accounts","stored_section":"WHO SHOULD ACT","heading":"Risk committee oversees it","plain_english":"The Board's risk committee must oversee how well that framework works.","rbi_paragraph":"Para 13","rbi_char_offset":11953,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p22","layer":"bankpulse"},{"n":5,"claim":"md13596-45d83e46","page_group":"Chapter III. Early Detection of Frauds - Framework for Early Warning Signals and Red Flagging of Accounts","stored_section":"WHO SHOULD ACT","heading":"It approves the signals","plain_english":"The risk committee must approve the warning signals used on loan accounts.","rbi_paragraph":"Para 14","rbi_char_offset":12164,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p23","layer":"bankpulse"},{"n":6,"claim":"md13596-593a13bf","page_group":"Chapter III. Early Detection of Frauds - Framework for Early Warning Signals and Red Flagging of Accounts","stored_section":"WHO SHOULD ACT","heading":"Test the framework","plain_english":"The warning framework must be validated so its results stay sound and steady.","rbi_paragraph":"Para 16","rbi_char_offset":12640,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p24","layer":"bankpulse"},{"n":7,"claim":"md13596-abd8e9dc","page_group":"Chapter III. Early Detection of Frauds - Framework for Early Warning Signals and Red Flagging of Accounts","stored_section":"WHAT CHANGES","heading":"Both kinds of signal","plain_english":"The warning system must use both numbers and judgement to be of use.","rbi_paragraph":"Para 19","rbi_char_offset":13476,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p25","layer":"bankpulse"},{"n":8,"claim":"md13596-01c11a5a","page_group":"Chapter III. Early Detection of Frauds - Framework for Early Warning Signals and Red Flagging of Accounts","stored_section":"WHO SHOULD ACT","heading":"A data unit for it","plain_english":"A dedicated data and market intelligence unit must be set up, sized to the business.","rbi_paragraph":"Para 20","rbi_char_offset":13862,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p26","layer":"bankpulse"},{"n":9,"claim":"md13596-311faedc","page_group":"Chapter III. Early Detection of Frauds - Framework for Early Warning Signals and Red Flagging of Accounts","stored_section":"WHO SHOULD ACT","heading":"Test the system often","plain_english":"The warning system must be tested from time to time to see that it works.","rbi_paragraph":"Para 23","rbi_char_offset":15128,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p27","layer":"bankpulse"},{"n":10,"claim":"md13596-7b3897c3","page_group":"Chapter III. Early Detection of Frauds - Framework for Early Warning Signals and Red Flagging of Accounts","stored_section":"WHO SHOULD ACT","heading":"Watch mule accounts","plain_english":"Accounts that fail KYC and money mule accounts must be watched closely.","rbi_paragraph":"Para 24","rbi_char_offset":15682,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p28","layer":"bankpulse"},{"n":11,"claim":"md13596-79c4725a","page_group":"Chapter III. Early Detection of Frauds - Framework for Early Warning Signals and Red Flagging of Accounts","stored_section":"WHAT CHANGES","heading":"An alert means a look","plain_english":"Every alert must lead to a check on whether the account should be red flagged.","rbi_paragraph":"Para 21","rbi_char_offset":14187,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p29","layer":"bankpulse"},{"n":1,"claim":"md13596-2e053ad4","page_group":"Chapter IV. General Instructions","stored_section":"KEY DATES","heading":"A hundred and eighty days","plain_english":"Red flag to a final answer should take no more than 180 days.","rbi_paragraph":"Para 31","rbi_char_offset":18351,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p30","layer":"bankpulse"},{"n":2,"claim":"md13596-c5fdd034","page_group":"Chapter IV. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Longer must be explained","plain_english":"A case still red flagged past 180 days must go to the fraud committee with reasons.","rbi_paragraph":"Para 31","rbi_char_offset":18511,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p31","layer":"bankpulse"},{"n":3,"claim":"md13596-ee53f175","page_group":"Chapter IV. General Instructions","stored_section":"WHAT CHANGES","heading":"Three crore goes to CVC","plain_english":"A public sector bank refers every fraud of ₹3 crore and above for a role check.","rbi_paragraph":"Para 37","rbi_char_offset":20473,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p32","layer":"bankpulse"},{"n":4,"claim":"md13596-7043349e","page_group":"Chapter IV. General Instructions","stored_section":"WHAT CHANGES","heading":"They must leave the room","plain_english":"Such executives must not sit in the meeting where their own conduct is weighed.","rbi_paragraph":"Para 38","rbi_char_offset":20886,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p33","layer":"bankpulse"},{"n":5,"claim":"md13596-d6ba7307","page_group":"Chapter IV. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Audit a red flagged loan","plain_english":"A red flagged loan must be investigated by an external or internal audit.","rbi_paragraph":"Para 26","rbi_char_offset":16470,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p34","layer":"bankpulse"},{"n":6,"claim":"md13596-7115c853","page_group":"Chapter IV. General Instructions","stored_section":"WHAT CHANGES","heading":"Put the deadline in writing","plain_english":"The auditor's contract must fix a time to finish the audit and hand in the report.","rbi_paragraph":"Para 27","rbi_char_offset":16846,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p35","layer":"bankpulse"},{"n":7,"claim":"md13596-4e169da5","page_group":"Chapter IV. General Instructions","stored_section":"WHAT CHANGES","heading":"Put the audit in writing","plain_english":"The loan agreement must allow such an audit once the account is red flagged.","rbi_paragraph":"Para 28","rbi_char_offset":17011,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p36","layer":"bankpulse"},{"n":8,"claim":"md13596-1a9ca74e","page_group":"Chapter IV. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Report the professionals","plain_english":"Third parties and professionals involved in a fraud must be reported to the banks' association.","rbi_paragraph":"Para 35","rbi_char_offset":19832,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p37","layer":"bankpulse"},{"n":9,"claim":"md13596-b7625657","page_group":"Chapter IV. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Settle staff responsibility in time","plain_english":"Staff accountability must be examined and finished within a set time in every fraud case.","rbi_paragraph":"Para 36","rbi_char_offset":20103,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p38","layer":"bankpulse"},{"n":10,"claim":"md13596-0f5dca11","page_group":"Chapter IV. General Instructions","stored_section":"WHO SHOULD ACT","heading":"A policy for outside auditors","plain_english":"A policy is needed on hiring outside auditors, covering their record and fitness.","rbi_paragraph":"Para 27","rbi_char_offset":16611,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p39","layer":"bankpulse"},{"n":11,"claim":"md13596-302b62cd","page_group":"Chapter IV. General Instructions","stored_section":"THE CORE IDEA","heading":"Hear before you brand","plain_english":"Natural justice must be followed strictly before any account is called a fraud.","rbi_paragraph":"Para 28","rbi_char_offset":17490,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p40","layer":"bankpulse"},{"n":12,"claim":"md13596-29170db0","page_group":"Chapter IV. General Instructions","stored_section":"WHAT CHANGES","heading":"RBI looks at those too","plain_english":"Such cases are also open to supervisory review by RBI.","rbi_paragraph":"Para 31","rbi_char_offset":18629,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p41","layer":"bankpulse"},{"n":13,"claim":"md13596-2fdd56a9","page_group":"Chapter IV. General Instructions","stored_section":"WHAT CHANGES","heading":"Group accounts get checked","plain_english":"Where one account is a fraud, group companies sharing a promoter are examined too.","rbi_paragraph":"Para 32","rbi_char_offset":18746,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p42","layer":"bankpulse"},{"n":14,"claim":"md13596-0de1c49c","page_group":"Chapter IV. General Instructions","stored_section":"WHO SHOULD ACT","heading":"Police action means red flag","plain_english":"If a law enforcement agency starts an enquiry, the account must be red flagged at once.","rbi_paragraph":"Para 33","rbi_char_offset":19091,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p43","layer":"bankpulse"},{"n":15,"claim":"md13596-eeb7684d","page_group":"Chapter IV. General Instructions","stored_section":"WHO IT APPLIES TO","heading":"Public banks follow the CVC","plain_english":"A public sector bank examines staff accountability by the Central Vigilance Commission's rules.","rbi_paragraph":"Para 37","rbi_char_offset":20266,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p44","layer":"bankpulse"},{"n":16,"claim":"md13596-ee7d3fd9","page_group":"Chapter IV. General Instructions","stored_section":"WHO SHOULD ACT","heading":"The audit committee judges seniors","plain_english":"Where very senior executives are involved, the audit committee examines their part.","rbi_paragraph":"Para 38","rbi_char_offset":20780,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p45","layer":"bankpulse"},{"n":17,"claim":"md13596-bb280f73","page_group":"Chapter IV. General Instructions","stored_section":"WHO IT APPLIES TO","heading":"A person pulls firms in","plain_english":"Every firm a named person promotes or directs is treated as tied to him.","rbi_paragraph":"Para 39(2)","rbi_char_offset":21997,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p46","layer":"bankpulse"},{"n":18,"claim":"md13596-bcbb8f76","page_group":"Chapter IV. General Instructions","stored_section":"THE CORE IDEA","heading":"Lending after is a choice","plain_english":"After the bar ends, whether to lend again is the lender's own commercial call.","rbi_paragraph":"Para 40","rbi_char_offset":22116,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p47","layer":"bankpulse"},{"n":19,"claim":"md13596-2d337dd7","page_group":"Chapter IV. General Instructions","stored_section":"WHAT CHANGES","heading":"New owner, bar lifts","plain_english":"The bar stops applying to a firm once a rescue plan under the insolvency code is in place.","rbi_paragraph":"Para 42","rbi_char_offset":23170,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p48","layer":"bankpulse"},{"n":20,"claim":"md13596-1617d8a9","page_group":"Chapter IV. General Instructions","stored_section":"WHAT CHANGES","heading":"Not for the old owner","plain_english":"The bar stays on the old promoters and directors who ran the firm.","rbi_paragraph":"Para 43","rbi_char_offset":23413,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p49","layer":"bankpulse"},{"n":1,"claim":"md13596-04111d0d","page_group":"Chapter V. Reporting of Frauds to Law Enforcement Agencies","stored_section":"WHO SHOULD ACT","heading":"Name a police contact","plain_english":"A nodal officer must be named to report frauds to the law enforcement agencies.","rbi_paragraph":"Para 45","rbi_char_offset":24878,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p50","layer":"bankpulse"},{"n":2,"claim":"md13596-0f107882","page_group":"Chapter V. Reporting of Frauds to Law Enforcement Agencies","stored_section":"WHAT CHANGES","heading":"Each lender may complain","plain_english":"In a consortium each member may file its own complaint for its own loss.","rbi_paragraph":"Para 44(2)","rbi_char_offset":24247,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p51","layer":"bankpulse"},{"n":1,"claim":"md13596-c8d0adae","page_group":"Chapter VI. Reporting to Reserve Bank of India","stored_section":"KEY DATES","heading":"Fourteen days to report","plain_english":"A fraud must be reported to RBI at once, and never later than 14 days from classification.","rbi_paragraph":"Para 49","rbi_char_offset":27109,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p52","layer":"bankpulse"},{"n":2,"claim":"md13596-d268ef34","page_group":"Chapter VI. Reporting to Reserve Bank of India","stored_section":"WHO SHOULD ACT","heading":"Report the group entities","plain_english":"Frauds in group entities RBI does not supervise must be reported to RBI separately.","rbi_paragraph":"Para 51","rbi_char_offset":27607,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p53","layer":"bankpulse"},{"n":3,"claim":"md13596-78907a17","page_group":"Chapter VI. Reporting to Reserve Bank of India","stored_section":"THE CORE IDEA","heading":"Do not name the innocent","plain_english":"People and firms not involved in the fraud must not appear in the report.","rbi_paragraph":"Para 53","rbi_char_offset":28893,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p54","layer":"bankpulse"},{"n":4,"claim":"md13596-45a3ab9b","page_group":"Chapter VI. Reporting to Reserve Bank of India","stored_section":"WHO SHOULD ACT","heading":"Use the fraud registry","plain_english":"Systems must make real use of the Central Fraud Registry for credit and fraud risk.","rbi_paragraph":"Para 47","rbi_char_offset":26381,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p55","layer":"bankpulse"},{"n":5,"claim":"md13596-fec55e3a","page_group":"Chapter VI. Reporting to Reserve Bank of India","stored_section":"WHO SHOULD ACT","heading":"Blame the delay too","plain_english":"Staff accountability must also be fixed for delay in spotting or reporting a fraud.","rbi_paragraph":"Para 52","rbi_char_offset":28650,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p56","layer":"bankpulse"},{"n":6,"claim":"md13596-e2c83ffe","page_group":"Chapter VI. Reporting to Reserve Bank of India","stored_section":"WHO SHOULD ACT","heading":"Keep the closed papers","plain_english":"Details of every closed fraud case must be kept for the auditors to see.","rbi_paragraph":"Para 58","rbi_char_offset":30413,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p57","layer":"bankpulse"},{"n":7,"claim":"md13596-1b9c777b","page_group":"Chapter VI. Reporting to Reserve Bank of India","stored_section":"WHAT CHANGES","heading":"No monthly certificates now","plain_english":"The monthly fraud certificate, registry certificate and flash report are no longer needed.","rbi_paragraph":"Para 49","rbi_char_offset":27305,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p58","layer":"bankpulse"},{"n":8,"claim":"md13596-d9716d89","page_group":"Chapter VI. Reporting to Reserve Bank of India","stored_section":"WHAT CHANGES","heading":"Close only when done","plain_english":"A fraud case is closed only when the court or police case ends and staff responsibility is settled.","rbi_paragraph":"Para 56","rbi_char_offset":29518,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p59","layer":"bankpulse"},{"n":1,"claim":"md13596-f5fb039d","page_group":"Chapter VII. Other Instructions","stored_section":"WHAT CHANGES","heading":"Five crore, legal audit","plain_english":"Title deeds for credit of ₹5 crore and above face a periodic legal audit until repayment.","rbi_paragraph":"Para 59","rbi_char_offset":30681,"weight":"MUST KNOW","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p60","layer":"bankpulse"},{"n":2,"claim":"md13596-d8744365","page_group":"Chapter VII. Other Instructions","stored_section":"WHO SHOULD ACT","heading":"Report before you sell","plain_english":"Where fraud is found, it must be reported to RBI before the account is sold.","rbi_paragraph":"Para 60","rbi_char_offset":31297,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p61","layer":"bankpulse"},{"n":3,"claim":"md13596-0f4699bc","page_group":"Chapter VII. Other Instructions","stored_section":"WHO SHOULD ACT","heading":"Investigate before you sell","plain_english":"A loan account must be investigated for fraud before it is sold to another lender.","rbi_paragraph":"Para 60","rbi_char_offset":31045,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13596#p62","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."}