No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2011-12/132 · issued 28 Jul 2011 · ~1 min read
Quick answerRBI extends credit concessions for J&K borrowers by one more year, up to March 31, 2012. Banks must continue applying existing relaxations as per the April 2004 circular.
What changed
The previous extension of concessions for J&K borrowers, which was set to expire on March 31, 2011, has been further extended by one year to March 31, 2012. The relaxations remain identical to those outlined in the original April 2004 circular.
What it means for you
Banks must continue to offer the same credit relaxations to borrowers in Jammu & Kashmir for another year, without any modifications. This ensures ongoing support for trade and industry in the region, but lenders should factor in the extended period when assessing portfolio risk and provisioning.
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
Issue internal instructions to all controlling and branch offices to continue the existing J&K credit relaxations until March 31, 2012.
Ensure compliance with the original April 2004 circular's terms for all eligible borrowers in the state.
Monitor the extended relaxation period for any impact on asset quality and provisioning requirements.
Who it affects
All Scheduled Commercial Banks (excluding RRBs), Borrowers and customers in Jammu & Kashmir, Trade and industry entities in J&K
RBI’s words: “Please refer to our circular DBOD.No.BP.BC.25/21.04.012/2011-12 dated July 28, 2011 extending the period of concessions”
Repealed byRBI/2025-26/100 — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
RBI’s words: “Official withdrawal register entry #1443: DBOD.No.BP.BC.25/21.04.012/2011-12 — "Relaxation to Trade and Industry in the State of Jammu & Kashmir" dated July 28, 2011”
📜 Read the original circular — full text as issued by RBI
RBI/2011-12/132
DBOD.No.BP.BC. 25 /21.04.012/2011-12
July 28, 2011
The Chairmen & Managing Directors/
Chief Executive Officers of
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir,
Relaxation to Trade and Industry in the State of Jammu & Kashmir
Please refer to our circular DBOD.No.BP.BC.100/21.04.012/2009-10 dated April 29, 2010 extending the period of concessions/credit relaxations to borrowers / customers in Jammu & Kashmir up to 31 March 2011. 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, 2012.
2. Suitable instructions may please be issued to your controlling / branch offices in this regard.
Yours faithfully,
(Deepak Singhal)
Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2011-12/132 · issued 28 Jul 2011. The plain-English explanation above is BankPulse’s own independent summary.
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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=6640&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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