Every item comes from RBI's own public index pages: press releases (BS_PressReleaseDisplay.aspx) and notifications (NotificationUser.aspx). We fetch these on a schedule (4x/day) and de-duplicate by RBI's own item ID (prid / Id), so nothing is shown twice. We do not use RBI's private feeds or any paid data — only what is already public on rbi.org.in.
2. Classification
Each item is scored by a fixed, published rule set (v0, keyword-based on the item title): Section 35A action on a UCB → Must Read / Supervisory. Monetary penalty → Good to Know / Enforcement. Auctions, VRR, MMO, T-bills → FYI / Treasury. SGB issuance → Good to Know / Branch Ops. Everything else defaults to FYI / General so nothing is silently hidden.
This is a first version. It is not an LLM and it is not guessing — it is a short list of fixed rules anyone can read and check. The next version will be trained on a human-labelled evaluation set (see EVAL_SHEET) and must hit ≥95% applicability accuracy against that labelled set before it replaces the rules above.
3. Verification before publishing
Before every deploy, an automated link-checker opens every single source link in the brief and confirms it returns a live HTTP 200 from rbi.org.in. If even one link fails, the deploy is skipped and the previous (still-verified) version stays live. We would rather show yesterday's brief than one broken link.
4. Corrections
If a classification or fact turns out to be wrong, it is logged publicly on the Corrections page with the date, what was wrong, and what changed. Nothing is quietly edited.
5. Glossary
The 15 terms that show up most often across our Brief and Library, in plain language. Each entry defines the term, then says what it actually means for your job — per our own standard: define, then explain the consequence.
AD — Authorised Dealer
A bank or entity RBI licenses to deal in foreign exchange.
If your branch is an AD, FEMA and forex circulars apply directly to you; if not, they usually don't.
ALM — Asset Liability Management
Matching the maturity and risk of what an institution owns (assets) against what it owes (liabilities).
An ALM circular usually means your Treasury/ALCO desk must recompute maturity gaps and report to the board.
AML — Anti-Money Laundering
Rules that stop illegally-obtained money from being disguised as legitimate funds.
AML circulars usually add reporting or customer due-diligence steps that compliance and branch staff must action before the effective date.
CFT — Combating the Financing of Terrorism
Rules that stop money from reaching terrorist groups.
CFT obligations mean extra due diligence on suspicious transactions, on top of routine AML checks.
CISO — Chief Information Security Officer
The officer responsible for an institution's cybersecurity.
When a circular names CISO duties, your CISO must personally sign off and report to the board — it usually can't be delegated further down.
FOREX — Foreign Exchange
The buying and selling of foreign currency for trade, travel or investment.
Forex rule changes affect any branch that handles foreign-currency transactions or remittances.
ISIL — Islamic State (Da'esh)
A UN-designated terrorist organisation named in sanctions notifications.
ISIL/Al-Qaida sanctions list updates require immediate freeze-and-report action on any matching account, same as UAPA.
KCC — Kisan Credit Card
A credit scheme for farmers with simplified, subsidised loan terms.
KCC circulars matter mainly to branches handling agricultural lending — check disbursement and interest-subvention deadlines.
LAF — Liquidity Adjustment Facility
RBI's day-to-day tool to inject or absorb cash from banks via repo/reverse repo auctions.
LAF rate or window changes move your institution's short-term borrowing or lending cost overnight.
NBFC — Non-Banking Financial Company
A company that lends or invests but does not hold a full banking licence.
NBFC-specific directions do not apply to banks and vice versa — check your entity type before treating an item as must-read.
SGB — Sovereign Gold Bond
A government security denominated in grams of gold, sold in place of physical gold.
SGB circulars mainly affect Treasury/investment desks; branch staff need them only for subscription and payment mechanics.
UAPA — Unlawful Activities (Prevention) Act
India's anti-terrorism law, under which banks must screen customers against sanctions lists.
A UAPA notification means you must freeze and report any account linked to the listed individuals or entities immediately.
UCB — Urban Co-operative Bank
A co-operative bank registered in urban or semi-urban areas and regulated by RBI.
If your institution is a UCB, directions tagged for co-operative banks apply to you even when they don't apply to commercial banks.
UNSC — United Nations Security Council
The UN body whose sanctions lists RBI circulates for mandatory screening.
Any UNSC list update means compliance must re-screen customer databases against the new names within the circular's deadline.
VRRR — Variable Rate Reverse Repo
RBI's tool to withdraw excess cash from the banking system by borrowing from banks at an auction-determined rate.
When RBI announces a VRRR, expect tighter short-term liquidity and slightly higher money-market rates.
Don't see a term you need? These are the 15 most-frequent jargon terms in our current corpus, not an exhaustive dictionary — more get added as the library grows.