No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2008-09/471 · issued 07 May 2009 · ~1 min read
Quick answerRBI has directed select all-India FIs (Exim Bank, NABARD, NHB, SIDBI) to follow the same prudential guidelines on restructuring of advances as applicable to banks, effective from the enclosed circular dated April 9, 2009.
What changed
RBI extended its prudential guidelines on restructuring of advances, originally issued to banks via circular DBOD.No.BP.BC.121/21.04.132/2008-09 dated April 9, 2009, to select all-India Financial Institutions. This follows a prior circular on the same subject dated February 26, 2009. The affected FIs are Exim Bank, NABARD, NHB, and SIDBI.
What it means for you
These FIs must now align their restructuring policies with bank-level norms, ensuring uniformity in treatment of stressed advances. For lenders, this reduces regulatory arbitrage and standardizes asset quality classification across institutions. Banks may see more consistent restructuring practices among these key refinancing agencies.
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 your institution's restructuring policies to ensure compliance with the enclosed bank guidelines.
Update internal procedures for classifying and reporting restructured advances as per the new norms.
Train relevant staff on the revised prudential requirements for restructuring.
Acknowledge receipt of this circular to RBI as instructed.
Who it affects
Exim Bank, NABARD, NHB, SIDBI, All-India Financial Institutions covered by the circular
RBI’s words: “In continuation of our letter DBOD.No.FID.FIC.5 /01.02.00/2008-09 dated February 26, 2009”
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1938: DBOD.No.FID.FIC.6/01.02.00/2008-09 — "Prudential Guidelines on Restructuring of Advances by Select All-India Financial Institutions" dated May 7, 2009”
📜 Read the original circular — full text as issued by RBI
RBI/2008-09/471
DBOD.No.FID.FIC 6/01.02.00/2008-09
May 7, 2009
The CEOs of select all-India Terms Lending and Refinancing Institutions
(Exim Bank, NABARD, NHB & SIDBI)
Dear Sir,
Prudential Guidelines on Restructuring of Advances
by Select all-India Financial Institutions
In continuation of our circular DBOD.No.FID.FIC.5/01.02.00/2008-09 dated February 26, 2009 on the above subject, please find enclosed a copy of Circular DBOD.No. BP.BC. 121/21.04.132/2008-09 dated April 9, 2009. In this connection, it is advised that the above guidelines, issued to banks, shall also apply to the select all-India Financial Institutions (FIs).
Please acknowledge receipt.
Yours faithfully,
(Vinay Baijal)
Chief General Manager
Encl.:-as above
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2008-09/471 · issued 07 May 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=4974&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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