RBI Circular on Credit Relaxations for Jammu and Kashmir: June 2008
No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2007-08/349 · issued 03 Jun 2008 · ~1 min read
Quick answerThis RBI circular dated June 3, 2008, extends concessions/credit relaxations to borrowers/customers in Jammu and Kashmir for a further period of one year, up to March 31, 2009, as per earlier circulars.
What changed
The RBI extended the period of concessions/credit relaxations to borrowers/customers in the State of Jammu and Kashmir, previously set to expire on March 31, 2008, for an additional year until March 31, 2009.
What it means for you
Scheduled commercial banks (excluding RRBs) must continue to apply the credit relaxations and concessions for Jammu and Kashmir borrowers as per circular DBOD.No.BP.BC.77/21.04.012/2003-2004 dated April 21, 2004, until March 31, 2009.
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 suitable instructions to your controlling/branch offices to continue the concessions/credit relaxations for borrowers/customers in Jammu and Kashmir up to March 31, 2009.
Who it affects
All Scheduled Commercial Banks (excluding RRBs), Bank chairmen, CMDs, MDs, and CEOs
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 13:52 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 is the date of this RBI circular?
The circular is dated June 3, 2008.
Who is the intended audience for this circular?
It is addressed to the Chairman, CMD, MD, or CEO of all Scheduled Commercial Banks (excluding RRBs).
What is the main content of this circular?
It extends the concessions/credit relaxations to borrowers/customers in Jammu and Kashmir for one more year, up to March 31, 2009.
📜 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Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)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 #2233: DBOD.No.BP.BC.89/21.04.012/2007-08 — "Relaxation to Trade and Industry in the State of Jammu and Kashmir" dated June 3, 2008”
📜 Read the original circular — full text as issued by RBI
RBI/2007-08/349
DBOD. No. BP. BC. 89 /21.04.012/2007-08
June 3, 2008
The Chairman / CMD / MD / CEO
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.100/21.04.012/2006-2007 dated May 25, 2007 extending the period of concessions/credit relaxations to borrowers / customers in Jammu and Kashmir up to 31 March 2008. 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 April 21, 2004, will continue to be operative for a further period of one year, i.e., up to March 31, 2009.
2. Suitable instructions may please be issued to your controlling / branch offices in this regard.
Yours faithfully,
(Prashant Saran)
Chief General Manager-in-Charge
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2007-08/349 · issued 03 Jun 2008. The plain-English explanation above is BankPulse’s own independent summary.
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
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=4223&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.
Help us keep this accurate
Found an inaccuracy or have an improvement? Tell us. Every report is reviewed by our team before any change is made — nothing goes live unverified.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
BANKPULSE · FREE DAILY BRIEF
Get RBI updates for your role
Every important RBI update, decoded in plain English — for your career, exams & financial awareness.
We collect only your email, name and role, used solely to send your brief — never sold or shared. Withdraw anytime via the unsubscribe link in any email. Independent platform, not affiliated with the RBI. Information, not legal advice.
REPORT AN ERROR · BETA
Spotted an error? Earn 500 BankPulse Credits
Help us stay accurate. If your correction is verified true and approved by our founder, you earn 500 BankPulse Credits — redeemable when the platform monetises.
Reviewed by a human before any credit is awarded. We never change the site from crowd input without verification.
WANT A NEW FEATURE · BETA
What would make BankPulse more useful for you?
Tell us what to build next — a tool, a data view, a role page, anything. We read every suggestion.
Thank you — your ideas directly shape what we build.