Relaxation to Trade and Industry in the State of Jammu & Kashmir

RBI/2014-15/180
DBOD.No.BP.BC.32/21.04.012/2014-15

August 14, 2014

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.50/21.04.012/2012-13 dated October 23, 2012 extending the period of concessions/ credit relaxations to borrowers / customers in Jammu & Kashmir up to 31 March 2014. 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, 2016.

2. Suitable instructions may please be issued to your controlling / branch offices in this regard.

Yours faithfully,

(Sudha Damodar)
Chief General Manager