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of <h1>RBI Issues Master Circular for Scheduled Commercial Banks on Rupee and Foreign Currency Export Credit & Customer Service.</h1> The Reserve Bank of India has issued a consolidated Master Circular for all scheduled commercial banks, excluding regional rural banks, regarding Rupee and Foreign Currency Export Credit and Customer Service to Exporters. This circular updates and combines previous instructions from three separate circulars issued in 2006, covering Rupee Export Credit, Export Credit in Foreign Currency, and Export Credit Customer Service. The updated circular, effective as of June 30, 2007, incorporates clarifications provided throughout the year and aims to streamline the delivery and reporting procedures for banks providing export credit to borrowers.
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