Export credit consolidation: updated master circular consolidates export credit rules and customer service guidance for scheduled banks. Master circular consolidates and updates instructions on export credit in rupee and foreign currency and related customer service obligations for exporters, bringing together prior circulars and clarifications into a single reference. It applies to all Scheduled Commercial Banks (excluding regional rural banks) and provides banks with an updated, operative regulatory framework for extending export credit and servicing exporter accounts; the consolidated text and clarifications have been published on the central bank's website and a copy is enclosed.
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Export credit consolidation: updated master circular consolidates export credit rules and customer service guidance for scheduled banks.
Master circular consolidates and updates instructions on export credit in rupee and foreign currency and related customer service obligations for exporters, bringing together prior circulars and clarifications into a single reference. It applies to all Scheduled Commercial Banks (excluding regional rural banks) and provides banks with an updated, operative regulatory framework for extending export credit and servicing exporter accounts; the consolidated text and clarifications have been published on the central bank's website and a copy is enclosed.
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