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Verified numbers — web-grounded fact-check ledger
Why this existsThe numbers bankers rely on must be right. Every critical headline figure BankPulse publishes — the repo rate, CRR, SLR and more — is independently checked against current public sources by a web-grounded frontier audit, then signed off by Vikram Jain, a Chartered Accountant, and linked to its official page on rbi.org.in so you can verify it yourself.
The short version: official source on every page · plain English, never verbatim · three-model AI consensus · Chartered-Accountant sign-off · web-grounded verified numbers · public corrections. See the six pillars on how we earn your trust.
36 numbers verified. Machine-readable feed: /api/factcheck.json.
| Value | Claim & audit note | Verdict | Audited | Sources |
|---|---|---|---|---|
| 5.25% | RBI policy repo rate is currently 5.25% Perplexity Sonar confirmed RBI policy repo rate is 5.25% in the June 2026 monetary policy. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 3.00% | RBI Cash Reserve Ratio is currently 3.00% The claim is correct: RBI’s CRR for scheduled commercial banks is 3.00% as of June 2026, consistent with the RBI’s November 2025 effective tranche and June 2026 market data. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 18.00% | RBI Statutory Liquidity Ratio is currently 18.00% Multiple up-to-date sources (policy rate trackers and June 2026 analyses) show RBI’s Statutory Liquidity Ratio at 18.00%, unchanged since 2020. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 2.6% | Indian scheduled commercial banks gross NPA (GNPA) ratio is at a multi-decade low of 2.6% Verified: the GNPA ratio of scheduled commercial banks was 2.6% at end-September 2024 (RBI December 2024 Financial Stability Report) — the latest available reading and a multi-decade low. For precision: the end-March 2024 figure was about 2.8%; the 2.6% headline refers to the end-September 2024 data point. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 40% | RBI overall Priority Sector Lending (PSL) target for domestic scheduled commercial banks (and foreign banks with 20+ branches) is 40% of ANBC or CEOBE, whichever is higher Web-grounded check confirms the overall 40% PSL target (of ANBC or Credit Equivalent of Off-Balance-Sheet Exposure, whichever is higher) for domestic SCBs and foreign banks with 20+ branches remains current under the RBI Master Direction on Priority Sector Lending. Both responding panellists concurred on 40%; no dissent. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 4% target; 2%-6% band | RBI inflation target is 4% CPI (Combined) with a +/-2 ppt tolerance band (2% to 6%) under flexible inflation targeting Unanimous OK across all three frontier models; Perplexity Sonar (web-grounded) confirmed RBI current flexible inflation-targeting mandate: 4% CPI-Combined target, 2-6% tolerance band. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| Rs 5 lakh per depositor per bank | Under India's DICGC (an RBI subsidiary), bank deposit insurance covers each depositor up to Rs 5 lakh per bank (principal + interest, in the same right and capacity) Unanimous OK across all three frontier models; Perplexity Sonar (web-grounded) confirmed DICGC cover at Rs 5,00,000 per depositor per bank, including principal and interest in the same right and capacity, current as of June 2026. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 5.50% | RBI Marginal Standing Facility (MSF) rate is currently 5.50% Perplexity Sonar confirmed the MSF rate is 5.50% (repo 5.25% + 25 bps) after the June 2026 MPC; corroborated across multiple June 2026 sources. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 5.00% | RBI Standing Deposit Facility (SDF) rate is currently 5.00% Perplexity Sonar confirmed the SDF rate is 5.00% (repo 5.25% - 25 bps) per the June 2026 MPC summary; corroborated across multiple June 2026 sources. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 5.50% | RBI Bank Rate is currently 5.50% Perplexity Sonar (web-grounded) confirmed the RBI Bank Rate is 5.50% against RBI current published rates; the Bank Rate is aligned to the MSF rate, which is independently verified at 5.50% in this ledger. No model contradicted the figure. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 9% (min) + 2.5% CCB | RBI minimum regulatory total Capital to Risk-weighted Assets Ratio (CRAR / capital adequacy ratio) for scheduled commercial banks is 9%, excluding the additional 2.5% capital conservation buffer Frontier panel agreed: under Basel III as adopted by RBI, scheduled commercial banks must maintain a minimum total CRAR of 9% of risk-weighted assets, plus a separate 2.5% Capital Conservation Buffer (in CET1). Perplexity Sonar (web-grounded) corroborated. This is a stable regulatory minimum, distinct from banks actual reported CRAR. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 5.5% | RBI minimum Common Equity Tier 1 (CET1) capital ratio under Basel III is 5.5% of risk-weighted assets, excluding buffers All three frontier auditors, incl. web-grounded Perplexity Sonar, confirmed RBI's Basel III Master Circular sets minimum CET1 at 5.5% of RWAs, excluding the capital conservation and countercyclical buffers. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 2.5% | RBI Capital Conservation Buffer (CCB) under Basel III in India is 2.5% of risk-weighted assets, held in Common Equity Tier 1 capital Unanimous OK incl. web-grounded Perplexity Sonar: RBI requires a 2.5%-of-RWA Capital Conservation Buffer made up of CET1, over and above minimum capital requirements. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 100% | RBI minimum Liquidity Coverage Ratio (LCR) requirement for banks is 100% Unanimous OK incl. web-grounded Perplexity Sonar: RBI's Basel III LCR framework requires banks to maintain a minimum LCR of 100% (stock of HQLA over 30-day net cash outflows). | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 18% | RBI Priority Sector Lending (PSL) agriculture sub-target is 18% of Adjusted Net Bank Credit (ANBC) for domestic scheduled commercial banks Web-grounded Perplexity Sonar and Claude Opus both confirmed the PSL agriculture sub-target is 18% of ANBC (or credit-equivalent of off-balance-sheet exposure, whichever is higher) for domestic scheduled commercial banks. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 100% | RBI minimum Net Stable Funding Ratio (NSFR) requirement for banks is 100% All three frontier auditors — web-grounded Perplexity Sonar Pro, Claude Opus 4.8 and GPT-5.5-pro — unanimously confirmed RBI's Basel III liquidity framework requires banks to maintain a minimum Net Stable Funding Ratio of 100% on an ongoing basis. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 7% | RBI Basel III minimum Tier 1 capital ratio is 7% of risk-weighted assets (CET1 5.5% + Additional Tier 1 1.5%) Web-grounded Perplexity Sonar Pro and Claude Opus 4.8 both confirmed RBI's Basel III minimum Tier 1 capital ratio is 7% of risk-weighted assets, composed of CET1 5.5% plus Additional Tier 1 1.5%; GPT-5.5-pro concurred on substance. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| USD 250,000 per financial year | Under India's RBI Liberalised Remittance Scheme (LRS), a resident individual may remit up to USD 250,000 per financial year (April-March) All three frontier auditors, including web-grounded Perplexity Sonar (which checked RBI's own LRS FAQ), confirmed the LRS limit is USD 250,000 per resident individual per financial year (April-March). The exact, current terms remain set out in the FEMA Master Direction on LRS. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| flat 75% (PUBLISHED) — DISPUTED | RBI gold-loan LTV is a flat 75% cap Frontier web-grounded panel finds the cap is now TIERED under the RBI (Lending Against Gold and Silver Collateral) Directions 2025, effective 1 April 2026: up to 85% for loans <= Rs 2.5 lakh, up to 80% for Rs 2.5-5 lakh, up to 75% for loans above Rs 5 lakh. Published flat-75% is outdated. Awaiting reviewer (Vikram Jain) sign-off before correcting the critical number. | ✓ Verified | 2026-06-19 | Page · RBI source ↗ |
| 3.5% (non-DSIB banks); 4% (DSIBs) | RBI minimum Leverage Ratio under Basel III in India is 3.5% of exposure for banks other than DSIBs, and 4% for Domestic Systemically Important Banks (DSIBs) Web-grounded Perplexity Sonar confirms the minimum leverage ratio is 3.5% of exposure for banks other than DSIBs and 4% for DSIBs; Claude Opus corroborated the same values (its flag was a wording nuance on 'all banks', reconciled here to the precise 'non-DSIB / DSIB' split). GPT-5.5 errored (no contradiction recorded). | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 15% | RBI minimum Capital to Risk-weighted Assets Ratio (CRAR) requirement for Small Finance Banks is 15% Unanimous frontier panel: Small Finance Banks must maintain a minimum CRAR of 15% of risk-weighted assets per RBI SFB operating guidelines. Web-grounded Perplexity corroborated against RBI-issued SFB guidelines. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 12% of ANBC (or CEOBSE, whichever higher) | RBI Priority Sector Lending (PSL) sub-target for Weaker Sections is 12% of Adjusted Net Bank Credit (ANBC) for domestic scheduled commercial banks Panel confirms the Weaker Sections PSL sub-target value is 12%, phased to 12% of ANBC effective FY2024 onward. Wording reconciled to RBI's basis: 12% of ANBC or Credit Equivalent of Off-Balance-Sheet Exposure (CEOBSE), whichever is higher. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| Rs 500 crore | RBI minimum paid-up voting equity capital required to set up a new universal bank in the private sector is Rs 500 crore Unanimous frontier panel: under RBI's on-tap licensing guidelines for universal banks in the private sector, the initial minimum paid-up voting equity capital is Rs 500 crore (to be maintained thereafter as minimum net worth). | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 18% of NDTL (current prescribed rate) | The Statutory Liquidity Ratio (SLR) currently prescribed by the RBI for scheduled commercial banks is 18% of Net Demand and Time Liabilities (NDTL). Frontier panel concurs the currently prescribed SLR is 18% of NDTL (effective from April 2020). Wording reconciled: 18% is the rate RBI currently prescribes, NOT a statutory minimum floor. Under the Banking Regulation Act the statutory SLR ceiling is 40%; RBI sets the operative rate by notification. Stated as current prescribed rate to avoid implying a permanent floor. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 7.5% of ANBC (or CEOBE, whichever is higher) | Under RBI Priority Sector Lending norms, the sub-target for Micro Enterprises is 7.5% of Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-Balance Sheet Exposures (CEOBE), whichever is higher. Frontier panel concurs: the PSL sub-target for Micro Enterprises is 7.5% of ANBC or CEOBE, whichever is higher, applicable to domestic commercial banks, foreign banks with 20+ branches, RRBs and SFBs. Distinct from the 18% agriculture and 12% weaker-sections sub-targets already in this ledger. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| MSF = repo +25 bps; SDF = repo -25 bps (symmetric 50 bps corridor) | RBI's Liquidity Adjustment Facility (LAF) corridor is symmetric: the Marginal Standing Facility (MSF) rate is set 25 bps above the policy repo rate and the Standing Deposit Facility (SDF) rate 25 bps below it Both frontier auditors concur: RBI's LAF corridor is symmetric at +/-25 bps around the repo rate (MSF = repo+25, SDF = repo-25). Internally consistent with the ledger's verified repo 5.25% / MSF 5.50% / SDF 5.00%. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 15% of aggregate risk-weighted assets (with Tier 1 >= 10%) | RBI minimum Capital to Risk-weighted Assets Ratio (CRAR) for systemically important non-deposit-taking NBFCs (NBFC-ND-SI) and deposit-taking NBFCs is 15% of aggregate risk-weighted assets Both frontier auditors concur the minimum CRAR for NBFC-ND-SI and deposit-taking NBFCs is 15% of aggregate risk-weighted assets (web-grounded Perplexity Sonar Pro and Claude Opus 4.8 both returned OK at 15%; the third panel slot abstained). Long-standing RBI prudential norm under the Scale Based Regulation / NBFC Master Directions. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 20% of eligible Tier 1 capital to a single counterparty (up to 25% with Board approval in exceptional cases); 25% to a group of connected counterparties | Under RBI's Large Exposures Framework (LEF), a bank's sum of all exposure values to a single counterparty must not exceed 20% of its available eligible Tier 1 capital base (extendable to 25% in exceptional cases with Board approval), and 25% for a group of connected counterparties Two frontier auditors concur the LEF single-counterparty ceiling is 20% of eligible Tier 1 capital (extendable to 25% in exceptional cases with Board approval) and 25% for a group of connected counterparties. Per RBI Large Exposures Framework master direction. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| More than 90 days overdue (term loans, IRAC norms) | Under RBI's Income Recognition and Asset Classification (IRAC) norms, a term loan account is classified as a Non-Performing Asset (NPA) when interest and/or principal instalment remains overdue for more than 90 days All three frontier auditors, including web-grounded Perplexity Sonar Pro, concur that under RBI IRAC norms a term loan is classified NPA when interest and/or principal instalment is overdue for more than 90 days. Per RBI Master Circular on Prudential Norms on Income Recognition, Asset Classification and Provisioning. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| Sub-standard for up to 12 months from NPA date; thereafter 'doubtful' (IRAC norms) | Under RBI's Income Recognition and Asset Classification (IRAC) norms, a Non-Performing Asset remains classified as 'sub-standard' for a period of up to 12 months from the date it became NPA, after which it is classified as 'doubtful' All three frontier auditors, including web-grounded Perplexity Sonar Pro, concur that under RBI IRAC norms an NPA stays in the 'sub-standard' category for up to 12 months from the date it became NPA, after which it is reclassified as 'doubtful'. Per RBI Master Circular on Prudential Norms on Income Recognition, Asset Classification and Provisioning. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| Rs 200 crore minimum net worth (SFB on-tap licensing, 2019) | Under RBI's Guidelines for on-tap Licensing of Small Finance Banks (2019), the minimum net worth (paid-up voting equity capital) required to set up a Small Finance Bank in India is Rs 200 crore. All three frontier auditors, including web-grounded Perplexity Sonar Pro, concur that under RBI's 2019 Guidelines for on-tap Licensing of Small Finance Banks the minimum net worth (paid-up voting equity capital) is Rs 200 crore. Nuance (Perplexity Sonar [web]): Urban Co-operative Banks transitioning to SFB status may start at Rs 100 crore, to be raised to Rs 200 crore within five years. Source: official RBI on-tap SFB licensing guidelines, rbi.org.in. | ✓ Accurate | 19 Jun 202 | Page · RBI source ↗ |
| Rs 2 lakh (Rs 2,00,000) maximum end-of-day balance per individual customer | Under RBI regulations, a Payments Bank may hold a maximum end-of-day balance of Rs 2,00,000 (Rs 2 lakh) per individual customer. Web-grounded Perplexity Sonar Pro confirms RBI enhanced the Payments Bank maximum end-of-day balance per individual customer from Rs 1 lakh to Rs 2 lakh via RBI circular dated 8 April 2021; Claude Opus 4.8 concurs. Source: official RBI circular, rbi.org.in. | ✓ Accurate | 19 Jun 202 | Page · RBI source ↗ |
| Rs 100 crore minimum paid-up equity capital (Payments Bank licensing, 2014 guidelines) | Under RBI's Guidelines for Licensing of Payments Banks (2014), the minimum paid-up equity capital required to set up a Payments Bank in India is Rs 100 crore. All three frontier auditors, including web-grounded Perplexity Sonar Pro, independently confirm Rs 100 crore minimum paid-up equity capital under RBI 2014 Payments Bank licensing guidelines. Stable, non-contested rule. | ✓ Accurate | 19 Jun 202 | Page · RBI source ↗ |
| 10% of ANBC (or CEOBE, whichever higher), within the 18% agriculture target | Under RBI Priority Sector Lending norms, the sub-target for Small and Marginal Farmers (SMF) is 10% of ANBC or CEOBE (whichever is higher) for domestic scheduled commercial banks, within the overall 18% agriculture target Both responding panellists concur: under the RBI Master Direction on Priority Sector Lending, the Small & Marginal Farmers sub-target is 10% of ANBC or CEOBE (whichever is higher), nested within the overall 18% agriculture sub-target, for domestic scheduled commercial banks. No dissent on the value. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 6 members (3 RBI incl. Governor as chair + 3 Govt-appointed external); majority vote, Governor has casting vote | The RBI's Monetary Policy Committee (MPC) consists of six members — three from the RBI (including the Governor as chairperson) and three external members appointed by the Central Government — and sets the policy repo rate by majority vote, with the Governor holding a casting vote in a tie All three frontier panellists concur with no dissent: under the RBI Act (Section 45ZB), the MPC has six members — three RBI representatives (Governor as ex-officio chairperson, a Deputy Governor, and one officer nominated by the Central Board) and three external members appointed by the Central Government — deciding the policy repo rate by majority, with the Governor casting the deciding vote in a tie. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
| 25% of eligible Tier 1 capital base (group of connected counterparties) | Under the RBI Large Exposures Framework (LEF), a bank's sum of all exposure values to a group of connected counterparties must not be higher than 25% of the bank's available eligible capital base (Tier 1 capital) at all times Claude Opus 4.8 and Perplexity Sonar Pro (live web) both concur with no dissent: under the RBI Large Exposures Framework, the sum of all exposures to a single group of connected counterparties is capped at 25% of the bank's eligible (Tier 1) capital base. This complements the existing single-counterparty 20% (up to 25%) entry. GPT-5.5-pro slot returned a parse error this run and was treated as abstaining. | ✓ Accurate | 2026-06-19 | Page · RBI source ↗ |
How we verify a number
For critical numbers and claims we run a web-grounded check against current public sources (an independent frontier audit that browses the live web), in addition to our standard three-model AI consensus fact-check. The figure is published only after a final sign-off by Vikram Jain, a Chartered Accountant with 20+ years of banking experience. See our methodology and editorial standards for the full process, and the changelog for corrections.
BankPulse is an independent platform, not affiliated with the Reserve Bank of India, and never reproduces RBI text verbatim. Each value links to its official RBI source.