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Banker’s Toolkit
Practical working templates for Indian bankers — compliance checklists, inspection and audit reply structures, sanction and appraisal skeletons. These are structure templates only: you fill in every fact. They are not legal or regulatory advice; always act on the official RBI text.
Circular compliance checklist
- Note the circular reference number, date and issuing RBI department.
- Read the plain-English summary, then the FULL official circular on rbi.org.in.
- Identify which of your products / processes / customer segments it touches.
- Check the stated effective date and any phased timelines.
- List required changes: policy documents, product notes, system parameters, forms, staff instructions.
- Assign an owner and a target date for each change.
- Check whether a board / committee approval is needed.
- Record the circular in your compliance register with evidence of action taken.
- Diarise a review date to confirm implementation and file evidence.
RBI inspection reply — structure
- Reference: quote the inspection report para number and observation verbatim.
- Facts: state what actually happened, with dates and document references — no adjectives.
- Root cause: one honest sentence on why it happened.
- Corrective action taken: what was fixed, when, with evidence reference.
- Preventive action: the control now in place so it cannot recur.
- Timeline: if not fully fixed, a dated, owned action plan.
- Close respectfully: confirm board/committee oversight of the action plan.
Internal / statutory audit reply — structure
- Restate the observation number and text.
- Accept, partially accept, or dispute — say which, plainly.
- If accepted: corrective + preventive action with dates and owners.
- If disputed: cite the exact circular / policy clause that supports your position.
- Attach evidence references (never paste customer data into the reply).
- State the compliance status you are requesting (closed / in progress with date).
Sanction conditions note — skeleton
- Borrower, facility, amount, tenor, pricing reference (EBLR/MCLR + spread).
- Security & charge creation: what, when, perfection deadline.
- Pre-disbursement conditions — list each with the document that evidences it.
- Post-disbursement covenants: reporting, insurance, end-use verification, inspection frequency.
- Regulatory conditions: KYC completion, CERSAI/CRILC reporting, PSL classification if claimed.
- Review/renewal date and early-warning triggers.
Credit appraisal note — skeleton
- Purpose & background: borrower, group, request, relationship history.
- Business & industry: model, market position, key risks.
- Financial analysis: 3-year trends, ratios, projections with assumptions stated.
- Banking conduct: account behaviour, credit bureau, CRILC/SMA status.
- Security & valuation: with dates and valuer names.
- Compliance: KYC, exposure norms, sectoral caps, PSL eligibility.
- Risk rating with rationale, recommendation and terms.
Customer due-diligence (CDD) checklist
- Identity: officially valid documents per the KYC Master Direction — verify originals.
- Address: current proof; note any mismatch and its resolution.
- Beneficial ownership: identify and verify per thresholds; record structure charts.
- Risk categorisation: document the basis (low/medium/high).
- Screening: sanctions / PEP / adverse media — record what was searched and when.
- Purpose of relationship and expected account behaviour.
- Periodic-update due date set per risk category.
Templates reflect common Indian banking practice; nothing here is generated from or asserts any specific RBI circular. Suggest an improvement via the feedback button — every suggestion is human-reviewed.