SLBC Sub-Committee for Export Promotion: Formation & Meetings
Current · Source: Reserve Bank of India · RBI/2008-09/489 · issued 02 Jun 2009 · ~1 min read
Quick answerRBI directs SLBC convenor banks to form or activate a Sub-Committee for Export Promotion, ensuring regular meetings to address exporters' finance and banking issues at the state level.
The rule, in the simplest words
Banks must form a Sub-Committee for Export Promotion to help exporters with finance and banking issues
The Sub-Committee must have regular meetings to discuss and resolve exporters' problems
Banks must communicate meeting dates in advance to ensure all members can attend and represent the export sector
Non-compliance may lead to regulatory scrutiny from the RBI
How it plays out — a real example
A payments & clearing officer in Indore, who is also part of the Sub-Committee for Export Promotion, attends a meeting to discuss finance issues faced by local exporters and works with other members to find solutions, ensuring that the export sector's concerns are heard and addressed in a timely manner. As a result, the officer can better support exporters in their daily work, providing them with the necessary banking services to grow their businesses.
What changed
RBI observed that some states have not formed the Sub-Committee for Export Promotion under SLBC, or meetings are not held regularly as per existing guidelines. This circular reiterates the requirement from the September 2004 directive and asks convenor banks to set up the sub-committee if not already done and hold meetings at prescribed intervals.
What it means for you
Banks must ensure the Sub-Committee is operational to discuss and resolve exporters' problems related to export finance and banking. Regular meetings will help state-level coordination and timely representation of export sector issues. Non-compliance may lead to regulatory scrutiny.
What you must do
Form the Sub-Committee for Export Promotion under SLBC if not already constituted.
Schedule and hold meetings at the prescribed intervals as per the 2004 circular.
Communicate meeting dates well in advance to all concerned members to ensure full representation.
Acknowledge receipt of this circular to RBI.
Who it affects
SLBC Convenor Banks, UTLBC Convenor Banks, Commercial banks involved in export finance, Exporters and export finance departments
❓ Common questions
What is the purpose of this Sub-Committee?
To discuss and resolve exporters' problems related to export finance and other bank-related issues at the state level.
What happens if the Sub-Committee is not formed or meetings are not held?
RBI has observed non-compliance in some states and is now reiterating the requirement. Continued non-compliance may lead to regulatory action.
📜 Read the original circular — full text as issued by RBI
RBI/2008-09/489
RPCD.LBS.CO.BC.No 111 /02.13.03/2008-09
June 02, 2009
All SLBC/UTLBC Convenor Banks,
(As per mailing list)
Dear Sir,
Sub-Committee of SLBC for Export Promotion
Please refer to RBI Circular letter DBOD.IECS.No. 43//04.02.10/2004-05 dated September 17, 2004 (copy enclosed) wherein all commercial banks were advised to set up a separate Sub-Committee under State Level Bankers’ Committee (SLBC) to discuss exporters’ problems in relation to export finance and other bank related issues at the State level..
It is observed that sub-committees are either not been formed at certain States or meetings are not held regularly as per the existing guidelines.
In view of the above, SLBC Convenor banks are advised to set up the Sub-Committee, if not done already, with the members mentioned in the aforesaid DBOD Circular and hold meetings at prescribed intervals for the captioned purpose. They are also requested to ensure that the intimation of the dates of convening forthcoming meetings are communicated to all concerned well in advance so that issues of the export sector are well represented.
Please acknowledge receipt.
Yours faithfully,
(Lily Vadera)
General Manager
Encls: As above.
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2008-09/489 · issued 02 Jun 2009. The plain-English explanation above is BankPulse’s own independent summary.
Example: if you are a Compliance officer at a bank this circular applies to (SLBC Convenor Banks, UTLBC Convenor Banks, Commercial banks involved in export finance, Exporters and export finance departments), your first concrete step on “SLBC Sub-Committee for Export Promotion: Formation & Meetings” is: “Form the Sub-Committee for Export Promotion under SLBC if not already constituted.” (RBI issued this 02 Jun 2009).
Action required: Form the Sub-Committee for Export Promotion under SLBC if not already constituted.
Action required: Schedule and hold meetings at the prescribed intervals as per the 2004 circular.
Action required: Communicate meeting dates well in advance to all concerned members to ensure full representation.
Action required: Acknowledge receipt of this circular to RBI.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 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.
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=5007&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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