{"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":"md13613","title":"Reserve Bank of India (Urban Co-operative Banks - Internal Audit Function) Directions, 2026","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13613","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":"md13613","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/md13613.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13613","document_date":"Jul 31, 2026","read_by_bankpulse":"2026-08-21 16:25:25 UTC","text_sha256":"50ecc7f1100f46bcf0a2c27c05daabf833a570a2df67652785b5152418057664","word_count":3465,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":54,"points_naming_an_rbi_paragraph":54,"points_stored":54,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13613-9db77ee8","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"Starts at once","plain_english":"The rules start the moment RBI issues them.","rbi_paragraph":"Para 2","rbi_char_offset":3966,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p1","layer":"bankpulse"},{"n":2,"claim":"md13613-a0b8ef54","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who must follow this","plain_english":"These rules apply to every urban co-operative bank named below.","rbi_paragraph":"Para 3","rbi_char_offset":4053,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p2","layer":"bankpulse"},{"n":3,"claim":"md13613-dcb1682d","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Risk audit at 500 crore","plain_english":"The risk based audit chapters bind a bank of 500 crore and above.","rbi_paragraph":"Para 3","rbi_char_offset":4423,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p3","layer":"bankpulse"},{"n":4,"claim":"md13613-93243796","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"A separate rule below that","plain_english":"A bank under 500 crore follows a chapter of its own instead.","rbi_paragraph":"Para 3","rbi_char_offset":4630,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p4","layer":"bankpulse"},{"n":1,"claim":"md13613-199c7f99","page_group":"Chapter II. Governance and Oversight","stored_section":"THE CORE IDEA","heading":"The board owns the audit","plain_english":"The board or its audit committee is first responsible for internal audit.","rbi_paragraph":"Para 5","rbi_char_offset":5344,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p5","layer":"bankpulse"},{"n":2,"claim":"md13613-428ad184","page_group":"Chapter II. Governance and Oversight","stored_section":"WHAT CHANGES","heading":"New audit tools","plain_english":"New tools and technology should cut down manual checking.","rbi_paragraph":"Para 7","rbi_char_offset":5988,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p6","layer":"bankpulse"},{"n":3,"claim":"md13613-1165a354","page_group":"Chapter II. Governance and Oversight","stored_section":"THE CORE IDEA","heading":"It approves the plan","plain_english":"It approves an audit plan built on the level and direction of risk.","rbi_paragraph":"Para 5","rbi_char_offset":5419,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p7","layer":"bankpulse"},{"n":4,"claim":"md13613-897abe8b","page_group":"Chapter II. Governance and Oversight","stored_section":"WHAT CHANGES","heading":"A quality programme is required","plain_english":"A quality assurance and improvement programme must cover the whole function.","rbi_paragraph":"Para 6","rbi_char_offset":5662,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p8","layer":"bankpulse"},{"n":5,"claim":"md13613-0281aada","page_group":"Chapter II. Governance and Oversight","stored_section":"KEY DATES","heading":"A quality check yearly","plain_english":"The audit function itself is assessed at least once a year.","rbi_paragraph":"Para 6","rbi_char_offset":5827,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p9","layer":"bankpulse"},{"n":6,"claim":"md13613-fb80bfa0","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"A minimum posting period","plain_english":"The board sets how long staff must serve in the audit function.","rbi_paragraph":"Para 8","rbi_char_offset":6143,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p10","layer":"bankpulse"},{"n":7,"claim":"md13613-12033026","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"Senior staff follow the policy","plain_english":"Senior management must see the board's audit policy is actually followed.","rbi_paragraph":"Para 9","rbi_char_offset":6708,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p11","layer":"bankpulse"},{"n":8,"claim":"md13613-54f918a1","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"Act on findings in time","plain_english":"Audit findings must be acted on within the time given.","rbi_paragraph":"Para 9","rbi_char_offset":6946,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p12","layer":"bankpulse"},{"n":9,"claim":"md13613-f0d5d831","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"Build the function properly","plain_english":"Senior management must build a full and independent audit function.","rbi_paragraph":"Para 10","rbi_char_offset":7173,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p13","layer":"bankpulse"},{"n":10,"claim":"md13613-70d6a738","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"Staff it and train it","plain_english":"It must be staffed with skilled people who are trained regularly.","rbi_paragraph":"Para 10","rbi_char_offset":7348,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p14","layer":"bankpulse"},{"n":11,"claim":"md13613-fbdc8f3d","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"One risk picture a year","plain_english":"Senior management puts the whole risk picture to the board at least yearly.","rbi_paragraph":"Para 11","rbi_char_offset":7576,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p15","layer":"bankpulse"},{"n":1,"claim":"md13613-72ec222d","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHAT CHANGES","heading":"Nothing escapes for ever","plain_english":"The policy must fix the longest time even a low risk area can go unaudited.","rbi_paragraph":"Para 14","rbi_char_offset":8540,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p16","layer":"bankpulse"},{"n":2,"claim":"md13613-d036cdc6","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Give it standing","plain_english":"The function needs enough authority, standing, independence and resources.","rbi_paragraph":"Para 21","rbi_char_offset":10476,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p17","layer":"bankpulse"},{"n":3,"claim":"md13613-9f5fdce2","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Pay not tied to sales","plain_english":"Audit pay must not depend on how the audited business lines perform.","rbi_paragraph":"Para 22","rbi_char_offset":10662,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p18","layer":"bankpulse"},{"n":4,"claim":"md13613-dfdfc73f","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"What auditors should know","plain_english":"Accounts, technology, data work and fraud investigation among others.","rbi_paragraph":"Para 24","rbi_char_offset":11420,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p19","layer":"bankpulse"},{"n":5,"claim":"md13613-6cd2cc4b","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"THE CORE IDEA","heading":"Nothing is left out","plain_english":"Every activity and location is assessed, risk and compliance staff included.","rbi_paragraph":"Para 26","rbi_char_offset":12153,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p20","layer":"bankpulse"},{"n":6,"claim":"md13613-2fab2162","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"THE CORE IDEA","heading":"Risk decides the order","plain_english":"The risk assessment decides which material areas are audited first.","rbi_paragraph":"Para 27","rbi_char_offset":12291,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p21","layer":"bankpulse"},{"n":7,"claim":"md13613-b5f12bb6","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Count the time since","plain_english":"How long it has been since the last audit is one of the tests.","rbi_paragraph":"Para 31(7)","rbi_char_offset":13706,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p22","layer":"bankpulse"},{"n":8,"claim":"md13613-a2c4b02b","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"The report rests on evidence","plain_english":"The audit report must rest on proper analysis and evaluation.","rbi_paragraph":"Para 35","rbi_char_offset":15152,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p23","layer":"bankpulse"},{"n":9,"claim":"md13613-749353cf","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Audit cannot be outsourced","plain_english":"The internal audit function must not be handed to an outside firm.","rbi_paragraph":"Para 39","rbi_char_offset":16063,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p24","layer":"bankpulse"},{"n":10,"claim":"md13613-71694c06","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"The reports stay inside","plain_english":"Ownership of every audit report stays with the regular audit staff.","rbi_paragraph":"Para 39","rbi_char_offset":16416,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p25","layer":"bankpulse"},{"n":11,"claim":"md13613-801c1583","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Write the policy down","plain_english":"The board's policy must set out the purpose, authority and responsibility.","rbi_paragraph":"Para 13","rbi_char_offset":8027,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p26","layer":"bankpulse"},{"n":12,"claim":"md13613-607d7f92","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Review it and share it","plain_english":"The policy is reviewed from time to time and made known widely.","rbi_paragraph":"Para 15","rbi_char_offset":8700,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p27","layer":"bankpulse"},{"n":13,"claim":"md13613-e5c97a8d","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Tell audit about changes","plain_english":"New products, new reporting lines and accounting changes must reach audit.","rbi_paragraph":"Para 23","rbi_char_offset":10987,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p28","layer":"bankpulse"},{"n":14,"claim":"md13613-bc36ad36","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"KEY DATES","heading":"A risk look every year","plain_english":"The risk assessment must be done at least once a year.","rbi_paragraph":"Para 25","rbi_char_offset":11885,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p29","layer":"bankpulse"},{"n":15,"claim":"md13613-821b3f61","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"THE CORE IDEA","heading":"A matrix of two risks","plain_english":"The business risk and the control risk are put together in one matrix.","rbi_paragraph":"Para 28","rbi_char_offset":12705,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p30","layer":"bankpulse"},{"n":16,"claim":"md13613-b4f26b8a","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Look at the last report","plain_english":"The risk method starts from earlier audit reports and their compliance.","rbi_paragraph":"Para 31(1)","rbi_char_offset":13408,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p31","layer":"bankpulse"},{"n":17,"claim":"md13613-a44a785b","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Fix the job before starting","plain_english":"Plan, scope, aims, timing and people are settled before the work begins.","rbi_paragraph":"Para 33","rbi_char_offset":14387,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p32","layer":"bankpulse"},{"n":18,"claim":"md13613-757e58c5","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Enough scope and people","plain_english":"The scope and the people put on it must be enough to meet the aims.","rbi_paragraph":"Para 34","rbi_char_offset":14705,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p33","layer":"bankpulse"},{"n":19,"claim":"md13613-88cf095a","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Follow the findings up","plain_english":"There must be a system to track compliance with audit observations.","rbi_paragraph":"Para 36","rbi_char_offset":15519,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p34","layer":"bankpulse"},{"n":20,"claim":"md13613-e7f484e4","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Old high risk items up","plain_english":"Pending high and medium risk items go to the board with the old ones.","rbi_paragraph":"Para 37","rbi_char_offset":15719,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p35","layer":"bankpulse"},{"n":21,"claim":"md13613-5538526d","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"WHO SHOULD ACT","heading":"Sound data behind it","plain_english":"The audit needs a proper reporting system and clean data.","rbi_paragraph":"Para 38","rbi_char_offset":15940,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p36","layer":"bankpulse"},{"n":22,"claim":"md13613-6c36c18a","page_group":"Chapter III. Risk-Based Internal Audit Framework","stored_section":"IMPACT","heading":"Banking knowledge counts","plain_english":"Knowing how a lender actually operates is part of the skill needed.","rbi_paragraph":"Para 24","rbi_char_offset":11329,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p37","layer":"bankpulse"},{"n":1,"claim":"md13613-ca47e0ee","page_group":"Chapter IV. Head of Internal Audit","stored_section":"WHO SHOULD ACT","heading":"The audit head is senior","plain_english":"The head of internal audit is senior and can judge on his own.","rbi_paragraph":"Para 40","rbi_char_offset":16665,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p38","layer":"bankpulse"},{"n":2,"claim":"md13613-6a3c6738","page_group":"Chapter IV. Head of Internal Audit","stored_section":"WHO SHOULD ACT","heading":"Three years in the chair","plain_english":"He should be appointed for a long period, preferably three years at least.","rbi_paragraph":"Para 41","rbi_char_offset":17080,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p39","layer":"bankpulse"},{"n":3,"claim":"md13613-1460c272","page_group":"Chapter IV. Head of Internal Audit","stored_section":"WHO SHOULD ACT","heading":"No business targets","plain_english":"He has no reporting line to business.","rbi_paragraph":"Para 43","rbi_char_offset":17717,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p40","layer":"bankpulse"},{"n":4,"claim":"md13613-6047074e","page_group":"Chapter IV. Head of Internal Audit","stored_section":"WHO SHOULD ACT","heading":"And no sales to chase","plain_english":"He is given no business targets of any kind.","rbi_paragraph":"Para 43","rbi_char_offset":17810,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p41","layer":"bankpulse"},{"n":5,"claim":"md13613-a89ebca4","page_group":"Chapter IV. Head of Internal Audit","stored_section":"KEY DATES","heading":"Meet him every quarter","plain_english":"The board or its audit committee meets the audit head alone each quarter.","rbi_paragraph":"Para 42","rbi_char_offset":17592,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p42","layer":"bankpulse"},{"n":1,"claim":"md13613-fae35ba1","page_group":"Chapter V. Inspection and Internal Audit System","stored_section":"WHAT CHANGES","heading":"He reports to the chairman","plain_english":"The inspection head is a senior person reporting straight to the chairman.","rbi_paragraph":"Para 44","rbi_char_offset":17988,"weight":"MUST KNOW","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p43","layer":"bankpulse"},{"n":2,"claim":"md13613-3845af31","page_group":"Chapter V. Inspection and Internal Audit System","stored_section":"WHO SHOULD ACT","heading":"Three years before promotion","plain_english":"Three continuous years in inspection are needed before a senior promotion.","rbi_paragraph":"Para 45","rbi_char_offset":18470,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p44","layer":"bankpulse"},{"n":3,"claim":"md13613-d81d369d","page_group":"Chapter V. Inspection and Internal Audit System","stored_section":"WHO SHOULD ACT","heading":"Where fraud usually hides","plain_english":"Credit appraisal, book balancing and inter-branch reconciliation get attention.","rbi_paragraph":"Para 47(3)","rbi_char_offset":19122,"weight":"MUST KNOW","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p45","layer":"bankpulse"},{"n":4,"claim":"md13613-1c8ab440","page_group":"Chapter V. Inspection and Internal Audit System","stored_section":"WHAT CHANGES","heading":"An inspection system is required","plain_english":"The smaller bank must run an inspection and internal audit system.","rbi_paragraph":"Para 44","rbi_char_offset":17928,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p46","layer":"bankpulse"},{"n":5,"claim":"md13613-da93ba2a","page_group":"Chapter V. Inspection and Internal Audit System","stored_section":"KEY DATES","heading":"Every branch every 12 months","plain_english":"Every branch gets a surprise internal audit at least once every 12 months.","rbi_paragraph":"Para 46","rbi_char_offset":18656,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A small co-operative bank has 18 branches. Every one of them has to be surprise-audited inside 12 months, so about three branches a quarter keeps the bank straight. Doing 18 in the last month would meet the words and lose the surprise.","anchor":"https://bankpulse.ai/rule/md13613#p47","layer":"bankpulse"},{"n":6,"claim":"md13613-73205d3c","page_group":"Chapter V. Inspection and Internal Audit System","stored_section":"WHO SHOULD ACT","heading":"Short surprise visits too","plain_english":"Large branches also get short surprise inspections at irregular times.","rbi_paragraph":"Para 48","rbi_char_offset":19348,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p48","layer":"bankpulse"},{"n":7,"claim":"md13613-3da6ffb6","page_group":"Chapter V. Inspection and Internal Audit System","stored_section":"WHO SHOULD ACT","heading":"Revenue audit of big branches","plain_english":"Large branches also go through a regular revenue audit.","rbi_paragraph":"Para 50","rbi_char_offset":19816,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p49","layer":"bankpulse"},{"n":8,"claim":"md13613-3ce0b1fe","page_group":"Chapter V. Inspection and Internal Audit System","stored_section":"WHO SHOULD ACT","heading":"Check the accounts that follow","plain_english":"High value accounts that arrive with a transferred officer get a special look.","rbi_paragraph":"Para 52","rbi_char_offset":20189,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p50","layer":"bankpulse"},{"n":9,"claim":"md13613-615c7e3d","page_group":"Chapter V. Inspection and Internal Audit System","stored_section":"IMPACT","heading":"Inspection is not fault finding","plain_english":"Inspections should teach staff the safeguards, not hunt for blame.","rbi_paragraph":"Para 53","rbi_char_offset":20638,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p51","layer":"bankpulse"},{"n":1,"claim":"md13613-4e6f47fc","page_group":"Chapter VI. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old rules stand repealed","plain_english":"The earlier internal audit rules for these are repealed.","rbi_paragraph":"Para 60","rbi_char_offset":22383,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p52","layer":"bankpulse"},{"n":2,"claim":"md13613-1079c38d","page_group":"Chapter VI. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old actions still stand","plain_english":"Anything done under the old rules stays governed by those old rules.","rbi_paragraph":"Para 61","rbi_char_offset":22779,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p53","layer":"bankpulse"},{"n":3,"claim":"md13613-76f8c80d","page_group":"Chapter VI. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old approvals still count","plain_english":"Approvals given under the repealed rules now come under these rules.","rbi_paragraph":"Para 61","rbi_char_offset":22958,"weight":"BACKGROUND","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13613#p54","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."}