Master Circular - Guarantees and Co-acceptances

Last updated: 03 April 2023

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The Reserve Bank of India has issued a Master Circular consolidating all instructions and guidelines on Guarantees and Co-acceptances for Scheduled Commercial Banks. This circular updates the previous one from April 1, 2022, by incorporating all relevant directives issued up to March 31, 2023. It applies to all Scheduled Commercial Banks, excluding Payments Banks and Regional Rural Banks.

Reserve Bank of India

RBI/2023-24/04
DOR.STR.REC.5/13.07.010/2023-24

April 1, 2023

All Scheduled Commercial Banks
(excluding Payments Banks and RRBs)

Dear Sir / Madam

Master Circular - Guarantees and Co-acceptances

Please refer to the Master Circular DOR.STR.REC.8/13.07.010/2022-23 dated April 1, 2022 consolidating the instructions / guidelines issued to banks till March 31, 2022, relating to Guarantees and Co-acceptances. This Master Circular consolidates the instructions on the above matter issued up to March 31, 2023.

Yours faithfully

Manoranjan Mishra
Chief General Manager

FAQ :

The Master Circular consolidates all instructions and guidelines issued to banks relating to Guarantees and Co-acceptances up to March 31, 2023.

This circular is addressed to all Scheduled Commercial Banks, excluding Payments Banks and Regional Rural Banks (RRBs).

The instructions consolidated in this Master Circular cover the period up to March 31, 2023.

Yes, this Master Circular replaces the previous one dated April 1, 2022, which consolidated instructions up to March 31, 2022.

Guest

Notification No : RBI/2023-24/04 DOR.STR.REC.5/13.07.010/2023-24
Published in Community & General
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12471&Mode=0#MC

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