RBI Master Circular - Guarantees and Co-acceptances

Last updated: 09 November 2021

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The Reserve Bank of India (RBI) has issued an updated Master Circular concerning Guarantees and Co-acceptances. This new circular consolidates all previous instructions and guidelines issued to scheduled commercial banks on this topic up to November 8, 2021. It supersedes the previous Master Circular dated July 1, 2015.

RBI/2021-22/121
DOR.STR.REC.66/13.07.010/2021-22

November 9, 2021

All Scheduled Commercial Banks
(excluding Payments Banks and RRBs)

Dear Sir / Madam

Master Circular - Guarantees and Co-acceptances

Please refer to the Master Circular DBR.No.Dir.BC.11/13.03.00/2015-16 dated July 1, 2015 consolidating the instructions / guidelines issued to banks till June 30, 2015, relating to Guarantees and Co-acceptances. This Master Circular consolidates the instructions on the above matter issued up to November 8, 2021.

Yours faithfully
Manoranjan Mishra
Chief General Manager

Please refer to the attached file for full notification.

FAQ :

The circular consolidates all instructions and guidelines issued to banks relating to Guarantees and Co-acceptances.

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

The circular consolidates instructions issued up to November 8, 2021.

Yes, this Master Circular supersedes the Master Circular DBR.No.Dir.BC.11/13.03.00/2015-16 dated July 1, 2015.

Notification No : RBI/2021-22/121 DOR.STR.REC.66/13.07.010/2021-22
Source : https://rbidocs.rbi.org.in/rdocs/notification/PDFs/MC121SCB09112021FD922B473FBC4349BE5F0EB1872C7749.PDF

Attached File : 322600_10822_mc121scb09112021fd922b473fbc4349be5f0eb1872c7749.pdf

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