{"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":"md13610","title":"Reserve Bank of India (Urban Co-operative Banks - Miscellaneous) Supervisory Directions, 2026","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13610","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":"md13610","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/md13610.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13610","document_date":"Jul 31, 2026","read_by_bankpulse":"2026-08-21 16:25:21 UTC","text_sha256":"fa3c89fefb8ad962b11837c0ef55458522ced7ef1b9dd15a6d077ed4ec7389ee","word_count":5545,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":52,"points_naming_an_rbi_paragraph":52,"points_stored":52,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13610-2b9d5cad","page_group":"Opening paragraphs","stored_section":"THE CORE IDEA","heading":"One supervisory rulebook","plain_english":"This book holds RBI's mixed supervisory rules for urban co-operative banks in one place.","rbi_paragraph":"Opening paragraphs","rbi_char_offset":2958,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p1","layer":"bankpulse"},{"n":1,"claim":"md13610-9db77ee8","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":3201,"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/md13610#p2","layer":"bankpulse"},{"n":2,"claim":"md13610-24876135","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These rules apply to every urban co-operative bank.","rbi_paragraph":"Para 3","rbi_char_offset":3288,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p3","layer":"bankpulse"},{"n":3,"claim":"md13610-1cbdce41","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":4520,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p4","layer":"bankpulse"},{"n":1,"claim":"md13610-ddabf460","page_group":"Chapter II. Core Banking Solution Implementation","stored_section":"WHO SHOULD ACT","heading":"Core banking everywhere","plain_english":"The bank must run Core Banking Solution in all its branches. It must tell RBI's Senior Supervisory Manager how that is going.","rbi_paragraph":"Para 5","rbi_char_offset":4969,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p5","layer":"bankpulse"},{"n":1,"claim":"md13610-0c008ee0","page_group":"Chapter III. 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 bank start fixing itself.","rbi_paragraph":"Para 7","rbi_char_offset":5508,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p6","layer":"bankpulse"},{"n":2,"claim":"md13610-d16a5f3b","page_group":"Chapter III. Prompt Corrective Action Framework","stored_section":"WHAT CHANGES","heading":"Three things watched","plain_english":"Capital, asset quality and profitability are the three areas the framework tracks.","rbi_paragraph":"Para 8","rbi_char_offset":5919,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p7","layer":"bankpulse"},{"n":3,"claim":"md13610-b42aebbc","page_group":"Chapter III. Prompt Corrective Action Framework","stored_section":"WHAT CHANGES","heading":"What puts a bank in","plain_english":"A bank goes under the framework on its audited yearly results or on RBI's own running assessment.","rbi_paragraph":"Para 9","rbi_char_offset":7099,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p8","layer":"bankpulse"},{"n":4,"claim":"md13610-ee54f61d","page_group":"Chapter III. 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 10","rbi_char_offset":7865,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p9","layer":"bankpulse"},{"n":5,"claim":"md13610-8b1a42f0","page_group":"Chapter III. 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 11","rbi_char_offset":8372,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p10","layer":"bankpulse"},{"n":1,"claim":"md13610-8c530cc4","page_group":"Chapter IV. Fair Practices Code - Charging of Interest","stored_section":"WHO SHOULD ACT","heading":"Check how you charge","plain_english":"The bank must review how it pays out loans and charges interest, and fix what is unfair.","rbi_paragraph":"Para 13","rbi_char_offset":15204,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p11","layer":"bankpulse"},{"n":2,"claim":"md13610-91cd2865","page_group":"Chapter IV. 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 14","rbi_char_offset":16494,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p12","layer":"bankpulse"},{"n":3,"claim":"md13610-d06c3d99","page_group":"Chapter IV. Fair Practices Code - Charging of Interest","stored_section":"WHAT CHANGES","heading":"Pay out by transfer","plain_english":"The bank may pay out a loan by online transfer instead of a cheque.","rbi_paragraph":"Para 15","rbi_char_offset":16697,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p13","layer":"bankpulse"},{"n":1,"claim":"md13610-7ee729c4","page_group":"Chapter V. Nomination Facility","stored_section":"KEY DATES","heading":"Report every quarter","plain_english":"Progress on nomination cover goes to RBI through the DAKSH portal every quarter.","rbi_paragraph":"Para 18","rbi_char_offset":17390,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p14","layer":"bankpulse"},{"n":2,"claim":"md13610-31d9d51a","page_group":"Chapter V. 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 17","rbi_char_offset":17221,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p15","layer":"bankpulse"},{"n":3,"claim":"md13610-c921631c","page_group":"Chapter V. 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 19","rbi_char_offset":17515,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p16","layer":"bankpulse"},{"n":4,"claim":"md13610-6e1fd757","page_group":"Chapter V. Nomination Facility","stored_section":"WHO SHOULD ACT","heading":"Tell the public","plain_english":"The bank must publicise the use of nomination through the media as well as telling customers directly.","rbi_paragraph":"Para 20","rbi_char_offset":17877,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p17","layer":"bankpulse"},{"n":1,"claim":"md13610-c5cab47a","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHAT CHANGES","heading":"No talking at the till","plain_english":"Staff handling cash must not take enquiries or chat while on that duty.","rbi_paragraph":"Para 30","rbi_char_offset":23090,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p18","layer":"bankpulse"},{"n":2,"claim":"md13610-d925cbdc","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"No big branch balances","plain_english":"No branch may hold an unduly large cash balance. Cash in the safe, at counters and in transit must be fully insured.","rbi_paragraph":"Para 33","rbi_char_offset":23869,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p19","layer":"bankpulse"},{"n":3,"claim":"md13610-1b8228da","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHAT CHANGES","heading":"Fifty thousand by account","plain_english":"A draft, pay order or traveller's cheque above ₹50,000 must go through the customer's account, not cash.","rbi_paragraph":"Para 35","rbi_char_offset":24934,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A demand draft above ₹50,000 must be paid for from the customer's account, not in cash. So a draft of ₹75,000 cannot be paid for with notes across the counter. A draft of ₹40,000 may still be paid for in cash.","anchor":"https://bankpulse.ai/rule/md13610#p20","layer":"bankpulse"},{"n":4,"claim":"md13610-f85ebf03","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHAT CHANGES","heading":"No block adjustments","plain_english":"Old unmatched entries between branches must not be written off in a block to clear arrears.","rbi_paragraph":"Para 38","rbi_char_offset":25810,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p21","layer":"bankpulse"},{"n":5,"claim":"md13610-ee44e90a","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Join up the departments","plain_english":"Internal audit, the personnel department and the discipline cell must work closely together.","rbi_paragraph":"Para 21","rbi_char_offset":18815,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p22","layer":"bankpulse"},{"n":6,"claim":"md13610-ec2d2ae1","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Run both enquiries","plain_english":"A departmental enquiry into banking lapses must run alongside any CBI case, with the charges kept apart.","rbi_paragraph":"Para 22","rbi_char_offset":18990,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p23","layer":"bankpulse"},{"n":7,"claim":"md13610-0579adc4","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Check every recruit","plain_english":"The background of every person appointed must be checked, whatever the grade.","rbi_paragraph":"Para 24","rbi_char_offset":19560,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p24","layer":"bankpulse"},{"n":8,"claim":"md13610-e8f0be6e","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Rotate the duties","plain_english":"Staff duties must be rotated at set intervals, and the vigilance department must get a certificate saying so.","rbi_paragraph":"Para 25","rbi_char_offset":20068,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p25","layer":"bankpulse"},{"n":9,"claim":"md13610-840178dd","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHAT CHANGES","heading":"Desk cards for staff","plain_english":"Every employee must know the safeguards for his own work, set out on desk cards for each job.","rbi_paragraph":"Para 26","rbi_char_offset":20808,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p26","layer":"bankpulse"},{"n":10,"claim":"md13610-e772b7a3","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Write down the powers","plain_english":"The bank must set out the money and office powers of each official, and define what counts as abuse.","rbi_paragraph":"Para 28","rbi_char_offset":21868,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p27","layer":"bankpulse"},{"n":11,"claim":"md13610-eca710f7","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHAT CHANGES","heading":"Only cash staff inside","plain_english":"Only cash handling staff may enter the cash cabin, and vault guarding must be foolproof.","rbi_paragraph":"Para 29","rbi_char_offset":22374,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p28","layer":"bankpulse"},{"n":12,"claim":"md13610-2c8d0c6f","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Teach signature checking","plain_english":"Checking signatures and handwriting must be part of the staff training course.","rbi_paragraph":"Para 37","rbi_char_offset":25476,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p29","layer":"bankpulse"},{"n":13,"claim":"md13610-6663a6a9","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Balance the books quickly","plain_english":"The bank must speed up balancing its books and matching entries between branches.","rbi_paragraph":"Para 39","rbi_char_offset":26904,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p30","layer":"bankpulse"},{"n":14,"claim":"md13610-d74b257f","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Quotes for furniture","plain_english":"For furniture, fixtures and stationery the bank must take quotations from as many suppliers as it can.","rbi_paragraph":"Para 42","rbi_char_offset":28328,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p31","layer":"bankpulse"},{"n":15,"claim":"md13610-48cd654d","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Rotate, but keep the skill","plain_english":"Duties across computerised offices must rotate without wasting the skills already learnt.","rbi_paragraph":"Para 44","rbi_char_offset":29275,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p32","layer":"bankpulse"},{"n":16,"claim":"md13610-b3dce201","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Keep a manuals library","plain_english":"The head office must hold a library of authenticated manuals for its system and application software.","rbi_paragraph":"Para 45","rbi_char_offset":29628,"weight":"DO IT","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p33","layer":"bankpulse"},{"n":17,"claim":"md13610-9594695f","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Back up and store away","plain_english":"Files must be backed up at set intervals and the copies kept at a nearby office.","rbi_paragraph":"Para 48","rbi_char_offset":30085,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p34","layer":"bankpulse"},{"n":18,"claim":"md13610-7da4d5d0","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHAT CHANGES","heading":"Computerise the risky ledgers","plain_english":"Suspense accounts, service branches, Nostro matching and drafts payable should all be computerised.","rbi_paragraph":"Para 49","rbi_char_offset":30177,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p35","layer":"bankpulse"},{"n":19,"claim":"md13610-f1f1c902","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"KEY DATES","heading":"Snap checks every quarter","plain_english":"Senior officers must make surprise inspections of branches every quarter.","rbi_paragraph":"Para 51","rbi_char_offset":31015,"weight":"DO IT","role":"Branch","team":null,"products_covered":["working-capital"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p36","layer":"bankpulse"},{"n":20,"claim":"md13610-e2ba8af1","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Tell the other bank","plain_english":"If an employee of another bank opens an account here, that bank must be told.","rbi_paragraph":"Para 52","rbi_char_offset":31289,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p37","layer":"bankpulse"},{"n":21,"claim":"md13610-ac6c5813","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Staff must declare accounts","plain_english":"A staff member must say in writing about accounts opened by himself and his dependants.","rbi_paragraph":"Para 53","rbi_char_offset":31588,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p38","layer":"bankpulse"},{"n":22,"claim":"md13610-e41642d1","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHAT CHANGES","heading":"A field vigilance cell","plain_english":"The head office vigilance cell needs its own officers to investigate complaints and meet complainants.","rbi_paragraph":"Para 23","rbi_char_offset":19273,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p39","layer":"bankpulse"},{"n":23,"claim":"md13610-74efc94e","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHAT CHANGES","heading":"Cash only at the counter","plain_english":"Cash may be taken or paid only in the cash department. No counterfoil goes out unless a second officer has signed it.","rbi_paragraph":"Para 32","rbi_char_offset":23484,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p40","layer":"bankpulse"},{"n":24,"claim":"md13610-12b7ce78","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Guard the risky branches","plain_english":"Larger branches and those in areas prone to robbery need their own arrangements for guarding cash.","rbi_paragraph":"Para 34","rbi_char_offset":24424,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p41","layer":"bankpulse"},{"n":25,"claim":"md13610-1e7befe4","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Vouchers on written request","plain_english":"Vouchers may be released only on the manager's written request, with the time and date recorded.","rbi_paragraph":"Para 36","rbi_char_offset":25237,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p42","layer":"bankpulse"},{"n":26,"claim":"md13610-6857c0ce","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Board approves premises deals","plain_english":"Every premises transaction needs the approval of the board or its management committee.","rbi_paragraph":"Para 40","rbi_char_offset":27670,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p43","layer":"bankpulse"},{"n":27,"claim":"md13610-6d731bfa","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Keep records of big deals","plain_english":"Large contracts need separate records showing the details and what was weighed in awarding them.","rbi_paragraph":"Para 41","rbi_char_offset":28045,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p44","layer":"bankpulse"},{"n":28,"claim":"md13610-050a164a","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHAT CHANGES","heading":"Two people per system","plain_english":"Every computer installation needs at least two trained people in charge of it.","rbi_paragraph":"Para 43","rbi_char_offset":28905,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p45","layer":"bankpulse"},{"n":29,"claim":"md13610-6182342c","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHO SHOULD ACT","heading":"Guard the sensitive settings","plain_english":"Limits, drawing power, interest rates, charges and forex rates need a set procedure for who may change them.","rbi_paragraph":"Para 46","rbi_char_offset":29839,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["working-capital"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p46","layer":"bankpulse"},{"n":30,"claim":"md13610-1a49cca2","page_group":"Chapter VI. Fraud Prevention Measures","stored_section":"WHAT CHANGES","heading":"Insure the data too","plain_english":"The bank may take insurance against the cost of replacing data, software and equipment.","rbi_paragraph":"Para 50","rbi_char_offset":30439,"weight":"BACKGROUND","role":"Technology","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p47","layer":"bankpulse"},{"n":1,"claim":"md13610-a7faba0f","page_group":"Chapter VII. Vigilance","stored_section":"WHO SHOULD ACT","heading":"Prevent, not only punish","plain_english":"The bank must add preventive vigilance measures to the usual detective and punitive ones.","rbi_paragraph":"Para 56","rbi_char_offset":32470,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p48","layer":"bankpulse"},{"n":1,"claim":"md13610-1ae0df6a","page_group":"Chapter VIII. 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 57","rbi_char_offset":35373,"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/md13610#p49","layer":"bankpulse"},{"n":2,"claim":"md13610-34cd0eed","page_group":"Chapter VIII. 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 58","rbi_char_offset":35790,"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/md13610#p50","layer":"bankpulse"},{"n":3,"claim":"md13610-9d276afe","page_group":"Chapter VIII. 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 59","rbi_char_offset":36858,"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/md13610#p51","layer":"bankpulse"},{"n":4,"claim":"md13610-af4284f5","page_group":"Chapter VIII. 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 60","rbi_char_offset":37064,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13610#p52","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."}