{"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":"md13617","title":"Reserve Bank of India (Urban Co-operative Banks – Concurrent Audit) Directions, 2026","document_kind":"Directions","page":"https://bankpulse.ai/rule/md13617","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":"md13617","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/md13617.json","effective":"none held","transition":"none held","deadline":"none held"}},"rbi_source":{"url":"https://rbi.org.in/Scripts/BS_ViewMasDirections.aspx?id=13617","document_date":"Jul 31, 2026","read_by_bankpulse":"2026-08-21 16:25:32 UTC","text_sha256":"8b759cde74d170b29aabbd3706065e9ad6155c7fc111743a05ce377690584f39","word_count":3474,"standing_last_checked":"Standing checked on RBI’s Master Directions index, 15 September 2026, 5:58 am IST."},"counts":{"points_shown":45,"points_naming_an_rbi_paragraph":45,"points_stored":45,"actions":0,"amendments":0},"points":[{"n":1,"claim":"md13617-0e747d72","page_group":"Chapter I. Preliminary","stored_section":"KEY DATES","heading":"In force at once","plain_english":"These Directions took effect at once when issued.","rbi_paragraph":"Para 2","rbi_char_offset":4820,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p1","layer":"bankpulse"},{"n":2,"claim":"md13617-9ce9813b","page_group":"Chapter I. Preliminary","stored_section":"WHO IT APPLIES TO","heading":"Who is covered","plain_english":"These Directions apply to urban co-operative banks.","rbi_paragraph":"Para 3","rbi_char_offset":4907,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p2","layer":"bankpulse"},{"n":1,"claim":"md13617-e49ce7e4","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"A yearly board review","plain_english":"The board must review the system's effectiveness once a year and fix its gaps.","rbi_paragraph":"Para 6","rbi_char_offset":5953,"weight":"DO IT","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p3","layer":"bankpulse"},{"n":2,"claim":"md13617-a40cdcff","page_group":"Chapter II. Governance and Oversight","stored_section":"WHO SHOULD ACT","heading":"The committee tracks action","plain_english":"The audit committee reviews the action taken on audit reports and their compliance.","rbi_paragraph":"Para 7","rbi_char_offset":6139,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p4","layer":"bankpulse"},{"n":1,"claim":"md13617-ed970e86","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"THE CORE IDEA","heading":"Not a second judge","plain_english":"The auditor may not sit in judgment over the bank's business decisions.","rbi_paragraph":"Para 10","rbi_char_offset":6976,"weight":"MUST KNOW","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p5","layer":"bankpulse"},{"n":2,"claim":"md13617-f9f2de5e","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Currency chest reported","plain_english":"Currency chest transactions must be accounted properly and reported promptly to RBI.","rbi_paragraph":"Para 12(1)","rbi_char_offset":8880,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p6","layer":"bankpulse"},{"n":3,"claim":"md13617-2d74c81f","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Full check above five lakh","plain_english":"Sensitive areas and loans above ₹5 lakh with unusual features may be checked in full.","rbi_paragraph":"Para 13(1)","rbi_char_offset":14631,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p7","layer":"bankpulse"},{"n":4,"claim":"md13617-b5f9de5b","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Routine areas sampled","plain_english":"For routine areas like interest and clearing, checks may cover 10 to 25 per cent of transactions.","rbi_paragraph":"Para 13(2)","rbi_char_offset":14968,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":"A concurrent auditor looks at the month's interest and clearing entries. There are 4,000 such transactions. The check can be restricted to 10 to 25 per cent of them, which is 400 to 1,000 entries.","anchor":"https://bankpulse.ai/rule/md13617#p8","layer":"bankpulse"},{"n":5,"claim":"md13617-0b3322cf","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Lapses go to institute","plain_english":"A serious lapse can end the appointment and be reported to the accountants' institute, with RBI and the registrar told.","rbi_paragraph":"Para 15","rbi_char_offset":16442,"weight":"MUST KNOW","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p9","layer":"bankpulse"},{"n":6,"claim":"md13617-4d115647","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Quarterly investment certificate","plain_english":"Each quarter the auditors certify the bank really holds the investments it reported to RBI.","rbi_paragraph":"Para 21","rbi_char_offset":18157,"weight":"MUST KNOW","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p10","layer":"bankpulse"},{"n":7,"claim":"md13617-47085cca","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Thirty days to file","plain_english":"That certificate goes to RBI's supervisory manager within thirty days of the quarter's end.","rbi_paragraph":"Para 21","rbi_char_offset":18393,"weight":"MUST KNOW","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p11","layer":"bankpulse"},{"n":8,"claim":"md13617-4532ce03","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"No double hats","plain_english":"A firm doing the concurrent audit may not also do the statutory audit in the same period.","rbi_paragraph":"Para 24","rbi_char_offset":19061,"weight":"MUST KNOW","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p12","layer":"bankpulse"},{"n":9,"claim":"md13617-c0d5d1e0","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Treasury must be audited","plain_english":"Head office treasury work, from investments and funds management to foreign exchange, must be under concurrent audit.","rbi_paragraph":"Para 11(1)","rbi_char_offset":7485,"weight":"DO IT","role":"Audit","team":null,"products_covered":["foreign-exchange"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p13","layer":"bankpulse"},{"n":10,"claim":"md13617-c10ee7a8","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Sanctions at right level","plain_english":"Loans must be sanctioned after due scrutiny and at the appropriate level.","rbi_paragraph":"Para 12(4)","rbi_char_offset":10038,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p14","layer":"bankpulse"},{"n":11,"claim":"md13617-7c9e1f33","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Guarantees on the register","plain_english":"Bank guarantees must be properly worded, recorded in the register and renewed on their due dates.","rbi_paragraph":"Para 12(4)","rbi_char_offset":10768,"weight":"DO IT","role":"All staff","team":null,"products_covered":["trade-finance"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p15","layer":"bankpulse"},{"n":12,"claim":"md13617-311e4a92","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Export claims in time","plain_english":"Claims to the export credit guarantee corporation must go in on time.","rbi_paragraph":"Para 12(4)","rbi_char_offset":11104,"weight":"DO IT","role":"All staff","team":null,"products_covered":["export-credit"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p16","layer":"bankpulse"},{"n":13,"claim":"md13617-d36b78a1","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Excesses reported and ratified","plain_english":"Every time someone acts beyond their powers, it must be reported quickly and confirmed at the right level.","rbi_paragraph":"Para 12(4)","rbi_char_offset":11210,"weight":"DO IT","role":"Compliance","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p17","layer":"bankpulse"},{"n":14,"claim":"md13617-2e414e2f","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Forward contracts authorised","plain_english":"Extending or cancelling a forward contract needs proper authority. The charges must be recovered too.","rbi_paragraph":"Para 12(5)","rbi_char_offset":11853,"weight":"DO IT","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p18","layer":"bankpulse"},{"n":15,"claim":"md13617-aaec1efc","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Nostro accounts reconciled","plain_english":"Nostro and Vostro account balances must be verified and reconciled.","rbi_paragraph":"Para 12(5)","rbi_char_offset":12419,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p19","layer":"bankpulse"},{"n":16,"claim":"md13617-5174da61","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"No parking in suspense","plain_english":"Clearing differences must be located, not booked away in a suspense account.","rbi_paragraph":"Para 12(6)","rbi_char_offset":13106,"weight":"DO IT","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p20","layer":"bankpulse"},{"n":17,"claim":"md13617-0d66bd7d","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHO SHOULD ACT","heading":"Own staff must be senior","plain_english":"In house auditors must be experienced and senior enough to stay independent and objective.","rbi_paragraph":"Para 16","rbi_char_offset":16734,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p21","layer":"bankpulse"},{"n":18,"claim":"md13617-54b46d82","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHO SHOULD ACT","heading":"Rotate the auditors","plain_english":"Auditors must be rotated from time to time. This holds for own staff and outside firms alike.","rbi_paragraph":"Para 17","rbi_char_offset":16902,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p22","layer":"bankpulse"},{"n":19,"claim":"md13617-5256fdfe","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHO SHOULD ACT","heading":"Grow skills within","plain_english":"Over time the bank should build audit skills within and lean less on outside firms.","rbi_paragraph":"Para 17","rbi_char_offset":17030,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p23","layer":"bankpulse"},{"n":20,"claim":"md13617-46a081c9","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Government securities verified","plain_english":"Auditors must check the bank follows the investment rules for government securities.","rbi_paragraph":"Para 22","rbi_char_offset":18551,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p24","layer":"bankpulse"},{"n":21,"claim":"md13617-f43b7226","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Step down first","plain_english":"The firm must give up the concurrent audit before taking up the statutory audit that year.","rbi_paragraph":"Para 24","rbi_char_offset":19205,"weight":"DO IT","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p25","layer":"bankpulse"},{"n":22,"claim":"md13617-3ab4a827","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHO SHOULD ACT","heading":"Management designs the system","plain_english":"The bank's management decides the details of its concurrent audit system.","rbi_paragraph":"Para 8","rbi_char_offset":6276,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p26","layer":"bankpulse"},{"n":23,"claim":"md13617-c1081157","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"THE CORE IDEA","heading":"What concurrent audit is","plain_english":"A concurrent audit examines transactions as they happen, or as near to that as possible.","rbi_paragraph":"Para 9","rbi_char_offset":6565,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p27","layer":"bankpulse"},{"n":24,"claim":"md13617-5353a07d","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"THE CORE IDEA","heading":"Substance over sampling","plain_english":"The audit leans on substantive checking of key areas rather than test checks.","rbi_paragraph":"Para 9","rbi_char_offset":6876,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p28","layer":"bankpulse"},{"n":25,"claim":"md13617-a1429839","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"THE CORE IDEA","heading":"Within policy and powers","plain_english":"The auditor checks that decisions stay within policy and do not breach RBI's instructions.","rbi_paragraph":"Para 10","rbi_char_offset":7138,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p29","layer":"bankpulse"},{"n":26,"claim":"md13617-58c499ed","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Problem branches watched","plain_english":"Branches rated poor in inspections, with weak housekeeping, may be put under concurrent audit.","rbi_paragraph":"Para 11(2)","rbi_char_offset":7937,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p30","layer":"bankpulse"},{"n":27,"claim":"md13617-436df2c9","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Abnormal cash flagged","plain_english":"Daily cash is checked, with a sharp eye on abnormal receipts and payments.","rbi_paragraph":"Para 12(1)","rbi_char_offset":8722,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p31","layer":"bankpulse"},{"n":28,"claim":"md13617-11379156","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Securities held physically","plain_english":"The auditor confirms that securities on the branch's books are physically held.","rbi_paragraph":"Para 12(2)","rbi_char_offset":9223,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p32","layer":"bankpulse"},{"n":29,"claim":"md13617-989e3eac","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Deposit interest rechecked","plain_english":"A share of deposit interest payouts is rechecked. Large deposits get their sums checked closely.","rbi_paragraph":"Para 12(3)","rbi_char_offset":9601,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p33","layer":"bankpulse"},{"n":30,"claim":"md13617-92dc5d59","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"New accounts watched early","plain_english":"Operations in new accounts are checked in the initial period for anything unusual.","rbi_paragraph":"Para 12(3)","rbi_char_offset":9746,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":["deposit-account"],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p34","layer":"bankpulse"},{"n":31,"claim":"md13617-15d9b2d0","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Watching for diversion","plain_english":"The auditor looks for misuse of loans and signs of funds being diverted.","rbi_paragraph":"Para 12(4)","rbi_char_offset":10495,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p35","layer":"bankpulse"},{"n":32,"claim":"md13617-0273b4e0","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Revenue leaks hunted","plain_english":"The audit hunts revenue leakage through close checks of income and expense accounts.","rbi_paragraph":"Para 12(6)","rbi_char_offset":13428,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p36","layer":"bankpulse"},{"n":33,"claim":"md13617-ca561ccc","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Complaints handled promptly","plain_english":"The auditor confirms customer complaints are dealt with promptly.","rbi_paragraph":"Para 12(7)","rbi_char_offset":13921,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p37","layer":"bankpulse"},{"n":34,"claim":"md13617-3d9a70ca","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"High value first","plain_english":"Auditors concentrate on high value transactions rather than many small ones.","rbi_paragraph":"Para 13(4)","rbi_char_offset":15290,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p38","layer":"bankpulse"},{"n":35,"claim":"md13617-1817cc05","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHO SHOULD ACT","heading":"Pay set with registrar","plain_english":"External auditors' terms and pay are fixed within guidelines approved by the board or the state registrar.","rbi_paragraph":"Para 14","rbi_char_offset":15993,"weight":"BACKGROUND","role":"Board","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p39","layer":"bankpulse"},{"n":36,"claim":"md13617-7bd301ba","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Firms answer for lapses","plain_english":"Audit firms answer for omissions in the transactions they saw.","rbi_paragraph":"Para 15","rbi_char_offset":16214,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p40","layer":"bankpulse"},{"n":37,"claim":"md13617-83af6f32","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Minor faults fixed on spot","plain_english":"Minor irregularities and wrong calculations go to the branch manager for on-the-spot fixing.","rbi_paragraph":"Para 18","rbi_char_offset":17236,"weight":"BACKGROUND","role":"Branch","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p41","layer":"bankpulse"},{"n":38,"claim":"md13617-eea6b4d1","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"A week, then upstairs","plain_english":"Faults unfixed within about a week go to head office; serious ones go at once.","rbi_paragraph":"Para 19","rbi_char_offset":17404,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p42","layer":"bankpulse"},{"n":39,"claim":"md13617-3dca67be","page_group":"Chapter III. Guidelines for Concurrent Audit System","stored_section":"WHAT CHANGES","heading":"Serious cases to supervisor","plain_english":"Serious wrongs found in the audit go at once to RBI's supervisory manager.","rbi_paragraph":"Para 23","rbi_char_offset":18852,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p43","layer":"bankpulse"},{"n":1,"claim":"md13617-e73f7e7d","page_group":"Chapter IV. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old guidance repealed","plain_english":"The old concurrent audit circulars for these banks stand repealed.","rbi_paragraph":"Para 26","rbi_char_offset":19931,"weight":"BACKGROUND","role":"Audit","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p44","layer":"bankpulse"},{"n":2,"claim":"md13617-1079c38d","page_group":"Chapter IV. Repeal and Other Provisions","stored_section":"WHAT IT REPLACES","heading":"Old actions stay governed","plain_english":"Action already taken under the old rules stays governed by them.","rbi_paragraph":"Para 27","rbi_char_offset":20333,"weight":"BACKGROUND","role":"All staff","team":null,"products_covered":[],"products_excluded":[],"bankpulse_example":null,"anchor":"https://bankpulse.ai/rule/md13617#p45","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."}