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Reserve Bank of India RBI/2023-24/05 DoR.STR.REC.4/09.27.000/2023-24 April 1, 2023 The Managing Director / Chief Executive Officers All Primary (Urban) Co-operative Banks Dear Sir / Madam, Master Circular - Guarantees, Co-Acceptances Letters of Credit - UCBs Please refer to ourMaster Circular DoR.STR.REC.9/09.27.000/2022-23 dated April 1, 2022on the captioned subject (available at RBI websitehttps://rbi.org.in/). The enclosedMaster Circularconsolidates and updates all the
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FAQ :
The purpose of this Master Circular is to consolidate and update all instructions and guidelines related to Guarantees, Co-Acceptances, and Letters of Credit for Urban Co-operative Banks (UCBs).
This circular is addressed to the Managing Director / Chief Executive Officers of all Primary (Urban) Co-operative Banks.
The updated guidelines consolidate and revise instructions issued up to March 31, 2023.
The previous Master Circular, DoR.STR.REC.9/09.27.000/2022-23 dated April 1, 2022, is available on the RBI website.
This circular covers Guarantees, Co-Acceptances, and Letters of Credit.
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Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12469&Mode=0