No longer current — withdrawn, no replacement on file yet
Source: Reserve Bank of India · RBI/2012-13/261 · issued 23 Oct 2012 · ~1 min read
Quick answerRBI extends credit concessions for J&K borrowers until March 31, 2014. Banks must continue applying existing relaxations from the 2004 circular without interruption.
What changed
The previous extension of credit relaxations for J&K borrowers expired on March 31, 2012. RBI has now extended these concessions further, making them operative until March 31, 2014.
What it means for you
Banks must continue to provide the same credit relaxations to borrowers in Jammu & Kashmir as outlined in the 2004 circular. This ensures uninterrupted support to trade and industry in the state, maintaining the existing relief measures for another two years.
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 instructions to all controlling and branch offices in J&K to continue the existing credit relaxations.
Ensure that the concessions from the April 21, 2004 circular remain in effect until March 31, 2014.
Monitor compliance and address any borrower queries regarding the extended timeline.
Who it affects
All scheduled commercial banks (excluding RRBs) operating in Jammu & Kashmir, Borrowers and customers in J&K availing credit relaxations, Trade and industry entities in the state
❓ Common questions
Regulatory timeline
Decoded by BankPulse2026-06-18 17:31 IST
repealed_by — Consolidation of Regulations — Withdrawal of circulars (28 Nov 2025)
Status change: withdrawn03 Aug 2026, 04:00 IST
Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).
Which circular defines the specific credit relaxations being extended?
The concessions are those laid down in RBI Circular DBOD.No.BP.BC.77/21.04.012/2003-2004 dated April 21, 2004.
Does this extension apply to Regional Rural Banks?
No, the circular is addressed to all scheduled commercial banks excluding Regional Rural Banks (RRBs).
What is the new deadline for these credit relaxations?
The concessions will remain operative until March 31, 2014.
📜 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 #1213: DBOD.No.BP.BC.50/21.04.012/2012-13 — "Relaxation to Trade and Industry in the State of Jammu & Kashmir" dated October 23, 2012”
📜 Read the original circular — full text as issued by RBI
RBI/2012-13/261
DBOD.No.BP.BC.50 /21.04.012/2012-13
October 23, 2012
The Chairmen & Managing Directors/
Chief Executive Officers of
All Scheduled Commercial Banks
(excluding Regional Rural Banks)
Dear Sir/ Madam,
Relaxation to Trade and Industry in the State of Jammu & Kashmir
Please refer to our circular DBOD.No.BP.BC.25/21.04.012/2011-12 dated July 28, 2011 extending the period of concessions/ credit relaxations to borrowers / customers in Jammu & Kashmir up to 31 March 2012. 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 up to March 31, 2014.
2. Suitable instructions may please be issued to your controlling / branch offices in this regard.
Yours faithfully,
(Deepak Singhal)
Chief General Manager-in-Charge
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2012-13/261 · issued 23 Oct 2012. 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 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=7640&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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