Home › Circulars › RBI/2008-09/484

J&K credit relaxations extended to March 2010

No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2008-09/484 · issued 26 May 2009 · ~2 min read
Quick answerRBI extends credit concessions for J&K borrowers by one more year, up to March 31, 2010. Banks must continue applying the relaxations outlined in the April 2004 circular to all eligible customers in the state.

What changed

The previous extension of concessions/credit relaxations for borrowers in Jammu & Kashmir, which was set to expire on March 31, 2009, has now been extended for an additional year. The new deadline for these relaxations is March 31, 2010.

What it means for you

Banks must continue to offer the same credit relaxations and concessions to J&K borrowers as specified in the April 2004 circular, without any changes in terms. This ensures ongoing support for trade and industry in the region, but lenders need to update their internal systems and branch instructions to reflect the extended validity period.

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

Who it affects

All scheduled commercial banks (excluding RRBs) operating in Jammu & Kashmir, Borrowers and customers in Jammu & Kashmir availing credit relaxations, Trade and industry entities in the state

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

Which specific concessions are being extended?

The circular does not list the concessions in detail but refers to the relaxations laid down in the April 21, 2004 circular. Banks should refer to that original circular for the exact terms.

Does this apply to Regional Rural Banks (RRBs)?

No, the circular explicitly excludes RRBs. It is addressed only to all scheduled commercial banks.

What happens after March 31, 2010?

The circular does not specify any further extension. Banks should plan for the possibility that the relaxations may not be renewed after that date.

📜 This document’s life story (1 recorded event, each backed by RBI’s own words)
Repealed by RBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1933: DBOD.No.BP.BC.135/21.04.012/2008-09 — "Relaxation to Trade and Industry in the State of Jammu and Kashmir" dated May 26, 2009”
📜 Read the original circular — full text as issued by RBI
RBI/2008-09/484 DBOD. No. BP. BC. 135 /21.04.012/2008-09 May 26, 2009 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.89/21.04.012/2007-2008 dated June 03, 2008 extending the period of concessions/credit relaxations to borrowers / customers in Jammu and Kashmir up to 31 March 2009. 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, 2010. 2. Suitable instructions may please be issued to your controlling / branch offices in this regard. Yours faithfully, (P. Vijaya Bhaskar) Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2008-09/484 · issued 26 May 2009. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Most relevant forCompliance TeamBranch Manager — Private Bank / SFBBranch Manager — PSU / Co-op / RRB (sanctioning powers)RM — Loans (Assets)Credit Manager / UnderwritingLoan Operations / CPC / Disbursement
🛠 Banker’s toolkit — checklists & reply templates →
Related circulars · Department of Regulation
SFB Pillar 3 Disclosure Norms Aligned with BaselUCB Deposit Rate Disclosure & Uniformity Rules UpdatedLAB Deposit Rate Disclosure & Uniformity Rules TightenedPayments Banks: Interest Rates Must Match Disclosed ScheduleRBI Updates Bulk Deposit Rate Rules and Disclosure Timing
Browse all departments →

💬 Banker Discussion

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.

Loading comments…
BankPulse Compliance Evidence Pack — generated 03 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=5002&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.
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 ↗
—