RBI/2011-12/57
DBOD. No. Dir. BC. 8 /13.03.00/2011-12
July 1, 2011
10 Ashadha 1933 (Saka)
All Scheduled Commercial Banks
(excluding RRBs)
Dear Sir / Madam
Master Circular - Guarantees and Co-acceptances
Please refer to the
Master Circular DBOD.No.Dir.BC.12/13.03.00/2010-11 dated
July 1, 2010 updating instructions/ guidelines issued to banks till June 30,
2010 on matters relating to issue of Guarantees and Co-acceptances by banks. The
Master Circular has been suitably updated by incorporating instructions issued
on the subject up to June 30, 2011 and has also been placed on the RBI website
(http://www.rbi.org.in). A copy of the Master Circular is enclosed.
Yours faithfully
( P.R. Ravi Mohan)
Chief General Manager
Encl: as above
Master Circular - Guarantees and Co-acceptances