No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2008-09/392 · issued 26 Feb 2009 · ~1 min read
Quick answerRBI has extended prudential guidelines on restructuring of advances to select all-India FIs (Exim Bank, NABARD, NHB, SIDBI), effective immediately. Provisions on working capital, overdrafts, and personal loans are excluded as these are not typically offered by FIs.
What changed
RBI circular DBOD.No.FID.FIC 5/01.02.00/2008-09 dated February 26, 2009 applies the restructuring guidelines issued to banks (via circulars from August 27, 2008, December 8, 2008, and January 2, 2009) mutatis mutandis to select all-India Financial Institutions. Exceptions are made for activities not usually undertaken by FIs, such as working capital, overdrafts, and personal loans.
What it means for you
FIs like Exim Bank, NABARD, NHB, and SIDBI must now follow the same restructuring norms as banks for their advance portfolios, ensuring consistency in prudential treatment. The exclusion of working capital and personal loan provisions means FIs can focus on term lending and refinancing without adapting those specific rules.
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
Review and align your restructuring policies with the bank guidelines referenced in the circular.
Identify and exclude provisions related to working capital, overdrafts, and personal loans from your implementation.
Ensure acknowledgment of receipt of this circular as required by RBI.
Train relevant staff on the new restructuring framework applicable to FIs.
Who it affects
Exim Bank, NABARD, NHB, SIDBI, All-India Financial Institutions covered by the circular
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-19 10:49 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).
Which specific RBI circulars are being extended to FIs?
The circulars dated August 27, 2008, December 8, 2008, and January 2, 2009, which originally applied to banks, are now applicable to select FIs.
Are there any exemptions for FIs under this circular?
Yes, provisions related to working capital, overdrafts, and personal loans are not applicable to FIs, as these activities are generally not undertaken by them.
What is the effective date of this circular?
The circular is dated February 26, 2009, and is effective immediately upon receipt.
📜 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 #1975: DBOD.No.FID.FIC.5/01.02.00/2008-09 — "Prudential Guidelines on Restructuring of Advances by Select All-India Financial Institutions" dated February 26, 2009”
📜 Read the original circular — full text as issued by RBI
Please find enclosed Circular DBOD.No.BP.BC.37/21.04.132/2008-09 dated August 27, 2008 on the above subject alongwith subsequent circulars DBOD.No.BP.BC.93/21.04.132/2008-09 dated December 8, 2008 and DBOD. BP.No.104/21.04.132/2008-09 dated January 2, 2009, respectively. In this connection, it is advised that the above guidelines, issued to banks, shall apply mutatis mutandis to the select all-India Financial Institutions (FIs).
2. However, certain activities are generally not undertaken by FIs, such as extending working capital, overdrafts and personal loans, etc. The provision of the circular relating to such activities shall not be applicable to the FIs.
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2008-09/392 · issued 26 Feb 2009. 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=4855&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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