{"id":249088,"date":"2026-08-06T16:21:32","date_gmt":"2026-08-06T10:51:32","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=249088"},"modified":"2026-08-06T16:29:09","modified_gmt":"2026-08-06T10:59:09","slug":"rbi-july-circulars","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/","title":{"rendered":"Attempt RBI Circulars July 2026 Practice Quiz &#038; Download PDF"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#What_are_the_RBI_Circulars_covered_in_July_2026\" >What are the RBI Circulars covered in July 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#Download_RBI_Circulars_July_2026_Practice_Quiz_PDF\" >Download RBI Circulars July 2026 Practice Quiz PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#Attempt_the_RBI_Circulars_July_2026_Quiz\" >Attempt the RBI Circulars July 2026 Quiz<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#What_is_the_RBI_governance_direction_discussed_in_July_2026\" >What is the RBI governance direction discussed in July 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#What_are_the_key_areas_under_the_Boards_oversight\" >What are the key areas under the Board&#8217;s oversight?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#What_are_the_19_policy_areas_requiring_Board_approval\" >What are the 19 policy areas requiring Board approval?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#Can_some_Board_functions_be_delegated\" >Can some Board functions be delegated?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#What_is_the_RBI_update_on_financing_independent_units_of_large_infrastructure_projects\" >What is the RBI update on financing independent units of large infrastructure projects?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#What_is_a_Specified_Non-Financial_Asset_SNFA\" >What is a Specified Non-Financial Asset (SNFA)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#What_is_the_maximum_disposal_period_for_an_SNFA\" >What is the maximum disposal period for an SNFA?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#How_is_an_SNFA_valued_at_the_time_of_acquisition\" >How is an SNFA valued at the time of acquisition?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#How_is_income_from_SNFA_treated\" >How is income from SNFA treated?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#What_is_a_Special_Rupee_Vostro_Account_SRVA\" >What is a Special Rupee Vostro Account (SRVA)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#How_does_an_SRVA_work_in_international_trade\" >How does an SRVA work in international trade?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#What_is_the_Financial_Inclusion_Index_for_March_2026\" >What is the Financial Inclusion Index for March 2026?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#What_are_the_3_parameters_of_the_Financial_Inclusion_Index\" >What are the 3 parameters of the Financial Inclusion Index?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>RBI Circulars are an important part of the current affairs preparation for candidates appearing for RBI Grade B and other banking and regulatory body exams. The July 2026 RBI Circulars cover important topics such as bank governance, financing of independent units of large infrastructure projects, Specified Non-Financial Assets (SNFA), Special Rupee Vostro Accounts (SRVA), and the Financial Inclusion Index. <\/p>\n\n\n\n<p>Attempting an RBI Circulars July 2026 Practice Quiz can help candidates revise these topics, check their understanding, and identify areas that need more attention. Candidates can also download the RBI Circulars July 2026 Practice Quiz PDF for quick revision.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-rbi-circulars-covered-in-july-2026\"><span class=\"ez-toc-section\" id=\"What_are_the_RBI_Circulars_covered_in_July_2026\"><\/span>What are the RBI Circulars covered in July 2026?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The July 2026 RBI Circulars discussed in the session cover important regulatory and banking concepts. These include governance directions for banks, financing of independent units of large infrastructure projects, resolution of stressed assets, treatment of Specified Non-Financial Assets, Special Rupee Vostro Accounts, and the Financial Inclusion Index for March 2026. These topics are useful for RBI Grade B preparation, especially for the General Awareness and Finance sections. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Download_RBI_Circulars_July_2026_Practice_Quiz_PDF\"><\/span>Download RBI Circulars July 2026 Practice Quiz PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The RBI Circulars July 2026 Practice Quiz PDF covers the important regulatory updates issued by the Reserve Bank of India during July 2026.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th><strong>Particulars<\/strong><\/th><th><strong>Link<\/strong><\/th><\/tr><tr><td>RBI Circular Quiz PDF<\/td><td><a href=\"https:\/\/www.oliveboard.in\/rbi-circulars-practice-quiz-pdf\/?ref=contac-rbi-julycircpq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Free PDF<\/a><\/td><\/tr><tr><td>Check 2026 RBI Circular Details<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/rbi-circulars\/?ref=contac-rbi-julycircpq\" target=\"_blank\" rel=\"noreferrer noopener\">Check Details<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Attempt_the_RBI_Circulars_July_2026_Quiz\"><\/span>Attempt the RBI Circulars July 2026 Quiz<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The RBI Circulars July 2026 Quiz helps candidates test their understanding of the latest RBI circulars through exam-oriented MCQs. <\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> RBI Circulars July Practice Quiz<\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. On what date did RBI release the unified governance directions for Commercial, Small Finance, Local Area, and Payment Banks?<\/p>\n  <button data-correct=\"false\">July 1, 2026<\/button>\n  <button data-correct=\"false\">August 1, 2026<\/button>\n  <button data-correct=\"true\">July 14, 2026<\/button>\n  <button data-correct=\"false\">July 15, 2026<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. What was the primary problem the new governance directions sought to address?<\/p>\n  <button data-correct=\"false\">Lack of digital banking infrastructure<\/button>\n  <button data-correct=\"true\">Excessive operational review burden on the Board, diluting focus on strategic duties<\/button>\n  <button data-correct=\"false\">Rising NPA levels across the banking sector<\/button>\n  <button data-correct=\"false\">Insufficient capital adequacy of banks<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. Under the rationalised governance framework, into how many broad categories has RBI classified board-related matters?<\/p>\n  <button data-correct=\"true\">Three<\/button>\n  <button data-correct=\"false\">Five<\/button>\n  <button data-correct=\"false\">Two<\/button>\n  <button data-correct=\"false\">Four<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. Which of the following is NOT one of the three categories into which board matters have been rationalised?<\/p>\n  <button data-correct=\"false\">Matters that may be delegated<\/button>\n  <button data-correct=\"false\">Matters requiring initial Board approval with subsequent reviews delegated<\/button>\n  <button data-correct=\"false\">Matters that must continue to be approved by the Board<\/button>\n  <button data-correct=\"true\">Matters requiring shareholder approval before Board review<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. Under RBI\u2019s governance principles, the Board must clearly articulate all of the following EXCEPT:<\/p>\n  <button data-correct=\"false\">Matters requiring periodic reporting<\/button>\n  <button data-correct=\"false\">Matters to be brought forward for information only<\/button>\n  <button data-correct=\"true\">Matters requiring approval of the Reserve Bank of India before implementation<\/button>\n  <button data-correct=\"false\">Matters reserved for prior Board approval<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. Who holds primary responsibility for setting the agenda of Board meetings under the new governance direction?<\/p>\n  <button data-correct=\"false\">The Chief Risk Officer<\/button>\n  <button data-correct=\"true\">The Board Chairperson<\/button>\n  <button data-correct=\"false\">The Managing Director\/CEO<\/button>\n  <button data-correct=\"false\">The Company Secretary<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. How many broad policy heads are listed in Appendix I of the governance directions?<\/p>\n  <button data-correct=\"false\">25<\/button>\n  <button data-correct=\"false\">15<\/button>\n  <button data-correct=\"true\">19<\/button>\n  <button data-correct=\"false\">21<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. Which of the following is included among the 19 Board policy heads requiring mandatory Board approval?<\/p>\n  <button data-correct=\"true\">KYC policy<\/button>\n  <button data-correct=\"false\">Routine cybersecurity incident reporting<\/button>\n  <button data-correct=\"false\">Doorstep banking arrangements<\/button>\n  <button data-correct=\"false\">Customer service grievance redressal timelines<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. Which of the following matters can be delegated by the Board under the new governance directions?<\/p>\n  <button data-correct=\"false\">CEO and director compensation policy<\/button>\n  <button data-correct=\"false\">Outsourcing policy<\/button>\n  <button data-correct=\"false\">Appointment and remuneration of statutory auditors<\/button>\n  <button data-correct=\"true\">Investment portfolio-related operational matters<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. The new governance directions apply uniformly (with a unified approach) to which categories of banks?<\/p>\n  <button data-correct=\"false\">Only Scheduled Commercial Banks<\/button>\n  <button data-correct=\"true\">Commercial, Small Finance, Local Area, and Payment Banks<\/button>\n  <button data-correct=\"false\">Cooperative Banks only<\/button>\n  <button data-correct=\"false\">Only Commercial Banks and NBFCs<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. What is the core objective of rationalising Board-related operational matters?<\/p>\n  <button data-correct=\"true\">To free the Board to focus on strategy while retaining ultimate responsibility<\/button>\n  <button data-correct=\"false\">To reduce the frequency of Board meetings to twice a year<\/button>\n  <button data-correct=\"false\">To completely remove Board oversight of risk management<\/button>\n  <button data-correct=\"false\">To transfer ultimate responsibility from the Board to management<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. Which of the following remains a core strategic responsibility of the Board that the new directions seek to protect from operational dilution?<\/p>\n  <button data-correct=\"false\">Reviewing daily branch-level transactions<\/button>\n  <button data-correct=\"false\">Approving petty cash disbursements<\/button>\n  <button data-correct=\"true\">Risk management and long-term planning<\/button>\n  <button data-correct=\"false\">Sanctioning individual retail loan applications<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. Management&#8217;s obligation regarding information flow to the Board, as per the new directions, is to ensure:<\/p>\n  <button data-correct=\"false\">Only financial statements are shared with the Board<\/button>\n  <button data-correct=\"true\">The Board receives sufficient and timely information to discharge its duties effectively<\/button>\n  <button data-correct=\"false\">The Board receives information only when specifically requested<\/button>\n  <button data-correct=\"false\">Information is shared with the Board only during annual general meetings<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. Auditor appointment and remuneration policy falls under which category as per the governance directions?<\/p>\n  <button data-correct=\"false\">A matter requiring RBI&#8217;s prior approval<\/button>\n  <button data-correct=\"false\">A delegable operational matter<\/button>\n  <button data-correct=\"false\">A matter to be reported only annually<\/button>\n  <button data-correct=\"true\">One of the 19 policy heads requiring mandatory Board approval<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. Digital banking and IT policy, as per the governance directions, requires:<\/p>\n  <button data-correct=\"false\">Approval from the Ministry of Finance<\/button>\n  <button data-correct=\"false\">No Board involvement at all<\/button>\n  <button data-correct=\"false\">Approval only from the IT department<\/button>\n  <button data-correct=\"true\">Mandatory prior Board approval as one of the 19 policy heads<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. The Credit Facilities Amendment Direction relating to financing of independent units of large projects became effective from:<\/p>\n  <button data-correct=\"false\">July 14, 2026<\/button>\n  <button data-correct=\"false\">August 15, 2026<\/button>\n  <button data-correct=\"true\">July 15, 2026<\/button>\n  <button data-correct=\"false\">July 1, 2026<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. The amendment on financing independent project units applies to which entities?<\/p>\n  <button data-correct=\"false\">Only Payment Banks<\/button>\n  <button data-correct=\"true\">Commercial banks, Small Finance Banks, NBFCs, AIFIs, and Urban Cooperative Banks<\/button>\n  <button data-correct=\"false\">Only Commercial Banks<\/button>\n  <button data-correct=\"false\">Only NBFCs and AIFIs<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. Under the RBI amendment, an independent unit of a larger project may be financed as a separate project provided it:<\/p>\n  <button data-correct=\"true\">Has its own financial closure and is appraised ex ante for standalone viability<\/button>\n  <button data-correct=\"false\">Is owned by a government entity<\/button>\n  <button data-correct=\"false\">Has operated for at least three years<\/button>\n  <button data-correct=\"false\">Has a minimum project cost prescribed by RBI<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. Under the new flexibility, an independent unit of a large project can be financed as a separate project if it:<\/p>\n  <button data-correct=\"false\">Has already achieved commercial operations for five years<\/button>\n  <button data-correct=\"false\">Belongs to a government-owned company<\/button>\n  <button data-correct=\"false\">Has the same promoters as the parent project<\/button>\n  <button data-correct=\"true\">Can operate successfully and independently on its own<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. Which of the following is a mandatory condition for treating an independent unit as a separate project for financing purposes?<\/p>\n  <button data-correct=\"false\">A credit rating of AAA<\/button>\n  <button data-correct=\"false\">Approval from the Ministry of Power<\/button>\n  <button data-correct=\"true\">The unit must achieve its own independent financial closure<\/button>\n  <button data-correct=\"false\">A minimum capacity of 100 MW<\/button>\n<\/div>\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n                   <h2 id=\"display-register-text\"><span class=\"ez-toc-section\" id=\"Sign_Up\"><\/span>Sign Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                   <div class=\"loginas-group loginas-group1 loginas-group-single\">\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437394_8652&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437394_8652\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 44px; width: 204px; border: 0px; margin: -2px -10px;\"><\/iframe><\/div><\/div>\n                   <\/div>\n                   <h6 class=\"signup-subheader\">Or, register with email<\/h6>\n                   <label class=\"errormsg txt-red courseUp\"><\/label>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                        <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-uemail\" required=\"\">\n                        <span class=\"floating-label\" style=\"top: 19px; font-size: 12px;\">Email Id<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mobile-black.svg\" alt=\"\"><\/span>\n                        <input type=\"text\" maxlength=\"10\" name=\"monum\" class=\"formcontrol ob-inputfield\" id=\"course-uphone\" required=\"\">\n                        <span class=\"floating-label\">Mobile Number<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                        <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-upassword\" required=\"\">\n                        <span class=\"floating-label\">Password<\/span>\n                   <\/div>\n                   <button type=\"button\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseUpValidation('home','IBPS','https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common');return false;\" id=\"courseup\">REGISTER<\/button>\n                    <p class=\"obls-footer\">Already a user?<button 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coursein\" onclick=\"courseInValidation('https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common')\">Submit<\/button>\n                       <form method=\"post\" action=\"https:\/\/login.oliveboard.in\/login\/next.php\" id=\"snf1\">\n                        <input type=\"hidden\" name=\"email\" value=\"\" id=\"lemailnext\">\n                        <\/form>\n                   <\/div><!-- end login group -->\n                   <div id=\"forgotpwd-group-abc\" class=\"lfp-group-abc forgotpwd-group-abc\"><!-- start forgotpwd group -->\n                       <h2><span class=\"ez-toc-section\" id=\"Forgot_Password\"><\/span>Forgot Password<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                       <p class=\"secintro-txt\">Please enter the Email ID we will send you a Email with the link to reset the password.<\/p>\n                       <label class=\"errormsg txt-red rePassMsg\"><\/label>\n                       <div class=\"formcontrol-group formcontrol-group-fp\">\n                            <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                            <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"remail\" required=\"\">\n                            <span class=\"floating-label\">Email Id<\/span>\n                       <\/div>\n                       <div class=\"loginas-group loginas-group1\">\n                            <button type=\"button\" id=\"btn-fpwd-cancel\" class=\"btn btn-md btn-white btn-cancel btn-fpwd-cancel\">Cancel<\/button>\n                            <button type=\"button\" id=\"lreset\" class=\"btn btn-md btn-tblue btn-fpwd-submit\" onclick=\"resetPassword()\">Submit<\/button>\n                       <\/div>\n                    <\/div><!-- end forgotpwd group --> \n                   <h6 class=\"login-subheader\">Or, login with<\/h6>\n                   <div class=\"loginas-group loginas-group2 loginas-group-single\">\n\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><div tabindex=\"0\" role=\"button\" aria-labelledby=\"button-label\" class=\"nsm7Bb-HzV7m-LgbsSe  hJDwNd-SxQuSe i5vt6e-Ia7Qfc uaxL4e-RbRzK\"><div class=\"nsm7Bb-HzV7m-LgbsSe-MJoBVe\"><\/div><div class=\"nsm7Bb-HzV7m-LgbsSe-bN97Pc-sM5MNb \"><div class=\"nsm7Bb-HzV7m-LgbsSe-Bz112c\"><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 48 48\" class=\"LgbsSe-Bz112c\"><g><path fill=\"#EA4335\" d=\"M24 9.5c3.54 0 6.71 1.22 9.21 3.6l6.85-6.85C35.9 2.38 30.47 0 24 0 14.62 0 6.51 5.38 2.56 13.22l7.98 6.19C12.43 13.72 17.74 9.5 24 9.5z\"><\/path><path fill=\"#4285F4\" d=\"M46.98 24.55c0-1.57-.15-3.09-.38-4.55H24v9.02h12.94c-.58 2.96-2.26 5.48-4.78 7.18l7.73 6c4.51-4.18 7.09-10.36 7.09-17.65z\"><\/path><path fill=\"#FBBC05\" d=\"M10.53 28.59c-.48-1.45-.76-2.99-.76-4.59s.27-3.14.76-4.59l-7.98-6.19C.92 16.46 0 20.12 0 24c0 3.88.92 7.54 2.56 10.78l7.97-6.19z\"><\/path><path fill=\"#34A853\" d=\"M24 48c6.48 0 11.93-2.13 15.89-5.81l-7.73-6c-2.15 1.45-4.92 2.3-8.16 2.3-6.26 0-11.57-4.22-13.47-9.91l-7.98 6.19C6.51 42.62 14.62 48 24 48z\"><\/path><path fill=\"none\" d=\"M0 0h48v48H0z\"><\/path><\/g><\/svg><\/div><span class=\"nsm7Bb-HzV7m-LgbsSe-BPrWId\">Sign in with Google<\/span><span class=\"L6cTce\" id=\"button-label\">Sign in with Google. Opens in new tab<\/span><\/div><\/div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437400_306436&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437400_306436\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 0px; width: 0px; border: 0px;\"><\/iframe><\/div><\/div>\n\n\n                   <\/div>\n                    <p class=\"obls-footer\">New to Oliveboard?<button class=\"btn btn-xs btn-switch-obls\" id=\"btn-show-modal-signup\">Register<\/button><\/p>\n               <\/div> \n            <\/div> \n            <div class=\"success-msg-group\" id=\"success-msg-group\"><!-- success msg -->\n                <div class=\"success-msg-blk\" id=\"success-msg-blk\">\n                    <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/success-ellipse.svg\" alt=\"\"><\/span>\n                    <h2 id=\"fpwd-success-msg-title\"><span class=\"ez-toc-section\" id=\"i\"><\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                    <p id=\"fpwd-success-msg-text\">&nbsp;<\/p>\n                    <div class=\"login-btn\">\n                        <button type=\"button\" class=\"btn btn-md btn-tblue modal-obls-close\">Ok<\/button>\n                    <\/div>\n\n                <\/div>\n            <\/div><!-- success msg -->\n\n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<script src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/js\/jquery.js\"><\/script>\n\n<script>\nvar boxurl = window.location.href + '?log=1';\n\nfunction getUrlParam(name, defaultValue) {\n    const params = new URLSearchParams(window.location.search);\n    return params.has(name) ? params.get(name) : defaultValue;\n}\n\nvar l_log = getUrlParam('log', 0);\n<\/script>\n<script src=\"https:\/\/www.oliveboard.in\/js\/coursecommon.js?v=12\"><\/script>\n\n\n<script>\n(() => {\n  const quizContainer = document.getElementById('quiz-1');\n  const STORAGE_KEY = 'quiz_1_state';\n  let score = 0;\n  let attempted = 0;\n  let correct = 0;\n  let wrong = 0;\n\n  const questions = quizContainer.querySelectorAll(\".question\");\n  const total = questions.length;\n\n  function loadState() {\n    try { return JSON.parse(sessionStorage.getItem(STORAGE_KEY) || '{}'); }\n    catch { return {}; }\n  }\n\n  function saveState(data) {\n    sessionStorage.setItem(STORAGE_KEY, JSON.stringify(data));\n  }\n\n  function updateUI() {\n    const unattempted = total - attempted;\n    quizContainer.querySelector('[data-count=\"attempted\"]').textContent = attempted;\n    quizContainer.querySelector('[data-count=\"correct\"]').textContent = correct;\n    quizContainer.querySelector('[data-count=\"wrong\"]').textContent = wrong;\n    quizContainer.querySelector('[data-count=\"unattempted\"]').textContent = unattempted;\n    quizContainer.querySelector('[data-summary=\"attempted\"]').style.width = (attempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"correct\"]').style.width = (correct \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"wrong\"]').style.width = (wrong \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"unattempted\"]').style.width = (unattempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-score]').textContent = score.toFixed(2);\n\n    \/\/ Live score update in sticky header\n    document.getElementById('quiz-1-score-value').textContent = score.toFixed(2);\n  }\n\n  function restoreQuestion(q, chosenIndex, wasCorrect) {\n    q.dataset.answered = \"true\";\n    const buttons = q.querySelectorAll(\"button\");\n    buttons.forEach(b => b.classList.add(\"locked\"));\n    if (wasCorrect) {\n      buttons[chosenIndex].classList.add(\"correct\");\n    } else {\n      buttons[chosenIndex].classList.add(\"wrong\");\n      q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n    }\n  }\n\n  \/\/ Restore saved answers on page load\n  const savedAnswers = loadState();\nquestions.forEach((q, qIndex) => {\n    const saved = savedAnswers[qIndex];\n    if (saved !== undefined) {\n      attempted++;\n      if (saved.correct) { correct++; }\n      else { wrong++; }\n      restoreQuestion(q, saved.chosenIndex, saved.correct);\n    }\n  });\n  score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n  updateUI();\n\n  \/\/ Attach click handlers\n  questions.forEach((q, qIndex) => {\n    q.querySelectorAll(\"button\").forEach((btn, btnIndex) => {\n      btn.addEventListener(\"click\", () => {\n        if (q.dataset.answered === \"true\") return;\n        q.dataset.answered = \"true\";\n        attempted++;\n\n        if (attempted > 9 && l_log == 0) {\n          $('#modal-signup').addClass('is-active');\n        }\n\n        q.querySelectorAll(\"button\").forEach(b => b.classList.add(\"locked\"));\n        const isCorrect = btn.dataset.correct === \"true\";\n\n if (isCorrect) {\n          btn.classList.add(\"correct\");\n          correct++;\n        } else {\n          btn.classList.add(\"wrong\");\n          wrong++;\n          q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n        }\n        score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n\n        savedAnswers[qIndex] = { chosenIndex: btnIndex, correct: isCorrect };\n        saveState(savedAnswers);\n        updateUI();\n      });\n    });\n  });\n\n  updateUI();\n})();\n<\/script>\n\n<\/body>\n<\/html>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b-mock-test\/?ref=contac-rbi-julycircpq\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Attempt RBI Grade B Mock Test<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-rbi-governance-direction-discussed-in-july-2026\"><span class=\"ez-toc-section\" id=\"What_is_the_RBI_governance_direction_discussed_in_July_2026\"><\/span>What is the RBI governance direction discussed in July 2026?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The RBI governance directions focus on improving the way Boards of Directors manage and oversee banks. The framework aims to ensure that the Board can focus on important areas such as business strategy, financial soundness, risk management and corporate governance. At the same time, some operational matters can be delegated to suitable persons within the organisation. However, delegation does not remove the Board&#8217;s ultimate responsibility for the bank.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Matters that must be approved by the Board<\/li>\n\n\n\n<li>Matters that may be delegated<\/li>\n\n\n\n<li>Matters requiring initial Board approval, after which subsequent review may be delegated<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-key-areas-under-the-board-s-oversight\"><span class=\"ez-toc-section\" id=\"What_are_the_key_areas_under_the_Boards_oversight\"><\/span>What are the key areas under the Board&#8217;s oversight?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Board continues to exercise oversight over the key strategic and risk-related areas of a bank. The objective is to ensure that important decisions remain under proper supervision while routine matters can be handled at the appropriate level. Risk management, financial soundness and corporate governance remain important responsibilities of the Board. Candidates should focus on these areas while revising the governance-related RBI circular.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Risk management<\/li>\n\n\n\n<li>Financial soundness<\/li>\n\n\n\n<li>Business strategy<\/li>\n\n\n\n<li>Corporate governance<\/li>\n\n\n\n<li>Compliance<\/li>\n\n\n\n<li>Internal organisation<\/li>\n\n\n\n<li>Governance structure<\/li>\n\n\n\n<li>Key personnel decisions<\/li>\n\n\n\n<li>Exposure to related entities<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-19-policy-areas-requiring-board-approval\"><span class=\"ez-toc-section\" id=\"What_are_the_19_policy_areas_requiring_Board_approval\"><\/span>What are the 19 policy areas requiring Board approval?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The RBI framework identifies 19 Board policy heads where prior Board approval is required. These policies cover important areas related to banking operations, risk, technology, customer service and governance. The Board cannot simply delegate every matter related to these policies. Candidates preparing for RBI Grade B should revise the examples discussed in the circular carefully.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Credit-related policy<\/li>\n\n\n\n<li>Investment-related policy<\/li>\n\n\n\n<li>Risk management policy<\/li>\n\n\n\n<li>Outsourcing policy<\/li>\n\n\n\n<li>Digital banking policy<\/li>\n\n\n\n<li>Information technology policy<\/li>\n\n\n\n<li>Responsible business and lending conduct policy<\/li>\n\n\n\n<li>Banking outlet and other channel policy<\/li>\n\n\n\n<li>Auditor appointment and remuneration<\/li>\n\n\n\n<li>Compensation policy<\/li>\n\n\n\n<li>Interest rate policy<\/li>\n\n\n\n<li>Know Your Customer (KYC) policy<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/free-quizzes-for-regulatory-exams\/?ref=contac-rbi-julycircpq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt Free Quiz for Regulatory Exams<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-can-some-board-functions-be-delegated\"><span class=\"ez-toc-section\" id=\"Can_some_Board_functions_be_delegated\"><\/span>Can some Board functions be delegated?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Yes, certain matters can be delegated to competent persons within the organisation. This allows the Board to focus on strategic matters instead of being involved in every operational decision. However, delegation does not mean that the Board is free from its overall responsibility. The Board continues to maintain oversight of the delegated functions.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Investment portfolio matters<\/li>\n\n\n\n<li>Doorstep banking<\/li>\n\n\n\n<li>Cybersecurity risk-related matters<\/li>\n\n\n\n<li>Significant cyber incidents<\/li>\n\n\n\n<li>Customer service matters<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-rbi-update-on-financing-independent-units-of-large-infrastructure-projects\"><span class=\"ez-toc-section\" id=\"What_is_the_RBI_update_on_financing_independent_units_of_large_infrastructure_projects\"><\/span>What is the RBI update on financing independent units of large infrastructure projects?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The RBI has provided greater flexibility in financing large infrastructure projects that are divided into multiple independent units. Earlier, there could be confusion about whether the entire project should be treated as one unit or whether its independently operational parts could be financed separately. <\/p>\n\n\n\n<p>Under the updated framework, if a large project is divided into separate units and each unit can operate independently, a bank may treat and finance each unit as a separate project. However, this facility is available at the bank&#8217;s discretion and the borrower cannot demand separate treatment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What are the conditions for financing an independent unit separately?<\/h3>\n\n\n\n<p>An independent unit can be financed separately only when it meets the required conditions:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Separate financial closure:<\/strong> Each unit must have its own financial closure, meaning its financing arrangements must be finalised separately.<\/li>\n\n\n\n<li><strong>Independent viability:<\/strong> The unit should be independently viable and capable of operating on its own.<\/li>\n\n\n\n<li><strong>Sufficient cash flows:<\/strong> The unit should be able to generate sufficient cash flows to repay or service the loan.<\/li>\n\n\n\n<li><strong>Bank&#8217;s discretion:<\/strong> The decision to treat a unit separately rests with the bank. The borrower cannot claim separate financing as a right.<\/li>\n\n\n\n<li><strong>Effective date:<\/strong> The amendment is effective from <strong>15 July 2026<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Simple example<\/h3>\n\n\n\n<p>Suppose a 400 MW solar power project is divided into four separate 100 MW units. If each 100 MW unit can operate independently, has its own financial closure, and can generate enough revenue to repay its loan, the bank may finance each 100 MW unit as a separate project. This allows financing to be aligned with the actual structure and viability of the infrastructure project.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-notification\/?ref=contac-rbi-julycircpq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt the RBI Notification Practice Quiz for Free<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-a-specified-non-financial-asset-snfa\"><span class=\"ez-toc-section\" id=\"What_is_a_Specified_Non-Financial_Asset_SNFA\"><\/span>What is a Specified Non-Financial Asset (SNFA)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A Specified Non-Financial Asset (SNFA) is an asset such as land or a building acquired by a bank while recovering dues from a borrower. Banks generally deal with financial assets such as loans and investments, rather than immovable property. <\/p>\n\n\n\n<p>However, when a borrower defaults and the bank acquires the collateral during recovery, the acquired land or building can become an SNFA. The framework explains how such assets should be acquired, valued, managed and disposed of.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Example of SNFA\n<ul class=\"wp-block-list\">\n<li>Suppose a bank gives a loan to a borrower against land and building as collateral. If the borrower fails to repay the loan and the bank takes possession of the property during recovery, the land and building acquired by the bank becomes a <strong>Specified Non-Financial Asset<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-maximum-disposal-period-for-an-snfa\"><span class=\"ez-toc-section\" id=\"What_is_the_maximum_disposal_period_for_an_SNFA\"><\/span>What is the maximum disposal period for an SNFA?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The maximum disposal period for an SNFA is 7 years. A bank can decide its own timeline for disposing of the asset based on its internal policy, but the holding period cannot exceed seven years. This is an important factual point for examination preparation. Candidates should remember the number 7 years while revising the July 2026 RBI updates.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Maximum disposal period: 7 years<\/li>\n\n\n\n<li>The bank must dispose of the SNFA within the permitted period.<\/li>\n\n\n\n<li>The bank should have a policy covering SNFA limits and disposal.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-is-an-snfa-valued-at-the-time-of-acquisition\"><span class=\"ez-toc-section\" id=\"How_is_an_SNFA_valued_at_the_time_of_acquisition\"><\/span>How is an SNFA valued at the time of acquisition?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At the time of acquisition, the value of an SNFA is determined using the lower of two values. These are the net book value of the relevant exposure and the distressed sale value of the asset. The distressed sale value reflects the value that may be obtained under stressed selling conditions. The transcript also highlights the role of external valuers in determining the distressed sale value.<\/p>\n\n\n\n<p><strong>SNFA valuation formula:<\/strong> Acquisition value of SNFA = Lower of:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Net Book Value of the extinguished exposure<\/li>\n\n\n\n<li>Distressed Sale Value<\/li>\n<\/ul>\n\n\n\n<p>The distressed sale value is determined with the help of two external valuers.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/rbi-grade-b\/?ref=contac-rbi-julycircpq\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Explore RBI Grade B Courses<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-is-income-from-snfa-treated\"><span class=\"ez-toc-section\" id=\"How_is_income_from_SNFA_treated\"><\/span>How is income from SNFA treated?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The RBI update also explains the treatment of income related to an SNFA. Unrealised accrued interest or charges should not be recognised merely because the bank has acquired an SNFA. If such income has already been recognised, it needs to be reversed as per the applicable provisions. Income earned from the SNFA itself, such as a gain from selling the property, is treated as non-interest or other income.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Unrealised accrued income should not be recognised merely because an SNFA is acquired.<\/li>\n\n\n\n<li>Already recognised unrealised income needs to be reversed as applicable.<\/li>\n\n\n\n<li>Income earned from an SNFA is treated as other\/non-interest income.<\/li>\n\n\n\n<li>Maintenance and upkeep expenses are charged to the Profit &amp; Loss Account in the year incurred.<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-embed wp-embed-aspect-16-9 wp-has-aspect-ratio  is-type-video is-provider-youtube wp-block-embed-youtube\"><div class=\"wp-block-embed__wrapper video-seo-youtube-embed-wrapper\"><div class=\"video-seo-youtube-player\" data-id=\"IOHqwGQL3iI\"><\/div><\/div><\/figure>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-a-special-rupee-vostro-account-srva\"><span class=\"ez-toc-section\" id=\"What_is_a_Special_Rupee_Vostro_Account_SRVA\"><\/span>What is a Special Rupee Vostro Account (SRVA)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A <strong>Special Rupee Vostro Account (SRVA)<\/strong> is a rupee-denominated account that facilitates cross-border transactions in Indian Rupees. It allows trade between India and other countries to be settled in INR instead of relying on a third-party currency such as the US dollar. The account is maintained by an Indian bank for a foreign bank under the applicable RBI framework. SRVA is therefore important for understanding India&#8217;s international trade settlement mechanism.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>It is denominated in Indian Rupees (INR).<\/li>\n\n\n\n<li>It facilitates cross-border trade settlement.<\/li>\n\n\n\n<li>Export and import transactions can be settled in INR.<\/li>\n\n\n\n<li>Invoicing of exports and imports in INR is possible.<\/li>\n\n\n\n<li>An Authorised Dealer (AD) Category-I bank can open an SRVA for a foreign bank under the applicable framework.<\/li>\n\n\n\n<li>Permitted current and capital account transactions can be carried out.<\/li>\n\n\n\n<li>Surplus balances can be invested in permitted debt instruments in India.<\/li>\n\n\n\n<li>Examples of permitted debt instruments\n<ul class=\"wp-block-list\">\n<li>Bonds<\/li>\n\n\n\n<li>Non-Convertible Debentures (NCDs)<\/li>\n\n\n\n<li>Commercial Papers<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-an-srva-work-in-international-trade\"><span class=\"ez-toc-section\" id=\"How_does_an_SRVA_work_in_international_trade\"><\/span>How does an SRVA work in international trade?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Suppose an Indian importer purchases goods from a foreign exporter. Instead of making the payment in US dollars, the transaction can be settled in Indian Rupees through the SRVA maintained by the foreign bank with an Indian bank. The foreign bank can then use the INR balance for permitted payments. This arrangement reduces the need to convert every trade transaction into a third-party currency.<\/p>\n\n\n\n<p><strong>Indian Importer &#8211; INR Payment &#8211; SRVA of Foreign Bank &#8211; Foreign Exporter<\/strong><\/p>\n\n\n\n<p>This makes the SRVA an important mechanism for facilitating INR-based cross-border trade settlement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-financial-inclusion-index-for-march-2026\"><span class=\"ez-toc-section\" id=\"What_is_the_Financial_Inclusion_Index_for_March_2026\"><\/span>What is the Financial Inclusion Index for March 2026?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Financial Inclusion Index (FI-Index) for March 2026 stands at 70, compared with 67 for March 2025. The increase shows improvement in financial inclusion in the country. The transcript highlights that the Usage parameter was the main driver behind the increase. The FI-Index measures the extent of financial inclusion across different aspects of access, usage and quality.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particular<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>FI-Index for March 2026<\/td><td>70<\/td><\/tr><tr><td>FI-Index for March 2025<\/td><td>67<\/td><\/tr><tr><td>Main driver of increase<\/td><td>Usage<\/td><\/tr><tr><td>Range<\/td><td>0 to 100<\/td><\/tr><tr><td>First published<\/td><td>August 2021<\/td><\/tr><tr><td>First data period<\/td><td>March 2021<\/td><\/tr><tr><td>Publication<\/td><td>Annually<\/td><\/tr><tr><td>Data period<\/td><td>March<\/td><\/tr><tr><td>Usual release month<\/td><td>July<\/td><\/tr><tr><td>Base year<\/td><td>No fixed base year<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-grade-b-fm-practice-quiz\/?ref=contac-rbi-julycircpq\" target=\"_blank\" rel=\"noreferrer noopener\">Take A Free RBI Grade B FM Practice Quiz<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-3-parameters-of-the-financial-inclusion-index\"><span class=\"ez-toc-section\" id=\"What_are_the_3_parameters_of_the_Financial_Inclusion_Index\"><\/span>What are the 3 parameters of the Financial Inclusion Index?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The FI-Index is based on 3 broad parameters Access, Usage and Quality. Each parameter has a different weight in the index. Among these, Usage carries the highest weightage. The March 2026 improvement was mainly driven by the Usage parameter.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Parameter<\/strong><\/td><td><strong>Weightage<\/strong><\/td><td><strong>What it measures<\/strong><\/td><\/tr><tr><td><strong>Access<\/strong><br>Access measures whether people can access financial services. The availability of bank branches and other financial services is part of this parameter.<\/td><td>35%<\/td><td>Availability and accessibility of financial services<\/td><\/tr><tr><td><strong>Usage<\/strong><br>Usage measures whether people actually use the financial services available to them. It has the <strong>highest weightage of 45%<\/strong> and was the main factor behind the rise in the March 2026 FI-Index.<\/td><td>45%<\/td><td>Actual use of financial services<\/td><\/tr><tr><td><strong>Quality<\/strong><br>Quality looks at the quality of financial services, financial literacy and the ability to resolve customer issues effectively.<\/td><td>20%<\/td><td>Quality of services and financial literacy<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1786011032228\"><strong class=\"schema-faq-question\">1. What is the RBI Financial Inclusion Index for March 2026?<\/strong> <p class=\"schema-faq-answer\">The RBI Financial Inclusion Index for March 2026 is 70.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1786011033756\"><strong class=\"schema-faq-question\">2. What was the FI-Index for March 2025?<\/strong> <p class=\"schema-faq-answer\">The FI-Index for March 2025 was 67.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1786011035080\"><strong class=\"schema-faq-question\">3. Which parameter has the highest weight in the FI-Index?<\/strong> <p class=\"schema-faq-answer\">The Usage parameter has the highest weightage of 45%.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1786011036040\"><strong class=\"schema-faq-question\">4. What is the maximum disposal period for an SNFA?<\/strong> <p class=\"schema-faq-answer\">The maximum disposal period for an SNFA is 7 years.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1786011036592\"><strong class=\"schema-faq-question\">5. What is the full form of SNFA?<\/strong> <p class=\"schema-faq-answer\">SNFA stands for Specified Non-Financial Asset.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-bulletin\/\">RBI Bulletin 2026, Attempt Quiz and Download RBI Bulletin PDFs<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-bulletin\/\">Attempt RBI Bulletin July 2026 Practice Quiz &#038; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-circulars\/\">RBI Circulars 2026, Attempt Quiz and Download RBI Circulars PDFs<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-grade-b-selection-process\/\">RBI Grade B Selection Process 2027, Know About Phase 1, 2 &amp; Interview<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-june-bulletin\/\">Attempt RBI Bulletin June 2026 Practice Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-notification\/\">RBI Notification 2026 Practice Quiz and Download Free PDF<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>RBI Circulars are an important part of the current affairs preparation for candidates appearing for RBI Grade B and other<\/p>\n","protected":false},"author":58,"featured_media":249103,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10247],"tags":[],"class_list":["post-249088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rbi-sebi-nabard","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Attempt RBI Circulars July 2026 Practice Quiz &amp; Download PDF<\/title>\n<meta name=\"description\" content=\"Check out the details of the RBI Circulars for July 2026 and download a free practice quiz PDF containing MCQs with correct answers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Attempt RBI Circulars July 2026 Practice Quiz &amp; Download PDF\" \/>\n<meta property=\"og:description\" content=\"RBI Circulars are an important part of the current affairs preparation for candidates appearing for RBI Grade B and other banking and regulatory body\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-06T10:51:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-06T10:59:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2026\/08\/RBI-1.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"AditiOB\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AditiOB\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"14 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/rbi-july-circulars\/\"},\"author\":{\"name\":\"AditiOB\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/0cbc4ac8555ced346681804861de062c\"},\"headline\":\"Attempt RBI Circulars July 2026 Practice Quiz &#038; 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