No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2004-05/450 · issued 02 May 2005 · ~1 min read
Quick answerRBI extends credit relaxations for J&K borrowers by one more year, up to 31 March 2006. Banks must continue existing concessions as per the April 2004 circular without change.
What changed
The previous deadline of 31 March 2005 for credit concessions in Jammu & Kashmir has been extended to 31 March 2006. All existing relaxations remain operative for this additional year.
What it means for you
Banks must continue offering the same credit relaxations to J&K borrowers without any modification. This ensures uninterrupted support to trade and industry in the state, requiring no new policy changes from lenders.
Historical instruction — do not use for current compliance. This is what was required at the time; it no longer reflects current RBI requirements. If no replacement rule is linked above, that only means none is recorded on our register yet — it does not prove no later applicable rule exists. Confirm on the official RBI source below.
What banks were required to do at the time
Issue instructions to all controlling and branch offices to continue existing J&K credit concessions until 31 March 2006.
Ensure no disruption in the application of relaxations as per the April 2004 circular.
Acknowledge receipt of this circular to RBI.
Who it affects
All scheduled commercial banks (excluding RRBs) with operations in Jammu & Kashmir, Borrowers and customers in Jammu & Kashmir state
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 20:55 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn05 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
What specific concessions are being extended?
The circular does not list the concessions; it refers to the relaxations detailed in the April 2004 circular (DBOD.No.BP.BC.77/21.04.012/2003-2004). Banks should refer to that earlier circular for specifics.
Does this apply to RRBs?
No, the circular is addressed to all scheduled commercial banks excluding Regional Rural Banks (RRBs).
What is the new validity period?
The concessions are now valid up to 31 March 2006, extended from the earlier deadline of 31 March 2005.
📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #2835: DBOD.BP.BC.87/21.04.012/2004-05 — "Relaxation to Trade and Industry in the State of Jammu and Kashmir" dated May 2, 2005”
📜 Read the original circular — full text as issued by RBI
RBI/2004-05/450
DBOD.BP.BC. 87 /21.04.012/ 2004-05
2 May 2005
The Chairmen of all Scheduled
Commercial Banks (excluding RRBs)
Dear Sir,
Relaxation to trade and industry in the State of Jammu and Kashmir
Please refer to our circular DBOD.No.BP.BC.77/21.04.012/2003-2004 dated 21st April 2004 extending the period of concessions/credit relaxations to borrowers/customers in Jammu and Kashmir up to 31 March 2005. It has been decided that the concessions/credit relaxations to borrowers/customers in the state of Jammu & Kashmir as laid down in our Circular No. DBOD.No.BP.BC.77/21.04.012/2003-2004 dated 21st April 2004 will continue to be operative for a further period of one year i.e. upto 31 March 2006.
2. Suitable instructions may please be issued to your controlling / branch offices in this regard.
3. Please acknowledge receipt.
Yours faithfully,
Sd/-
(Anand Sinha)
Chief General Manager-in-Charge
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2004-05/450 · issued 02 May 2005. The plain-English explanation above is BankPulse’s own independent summary.
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BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=2237&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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