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.
What you must do
- 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
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.