RBI/2008-2009/79
DBOD. No. Dir. BC. 18/13.03.00/2008-09

July 1, 2008
Ashadha 10, 1930(Saka)

All Scheduled Commercial Banks
(excluding RRBs)

Dear Sir

Master Circular - Guarantees and Co-acceptances

Please refer to the Master Circular DBOD.No.Dir.BC.10/13.03.00/2007-08 dated July 2, 2007 updating instructions/ guidelines issued to banks till June 30, 2007 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, 2008 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. Vijaya Bhaskar)
Chief General Manager