Ref.IECD.No. 29 /08.12.01/98-99May 25, 1999The Chairmen/Chief Executivesof commercial banks@@NBSP@@Dear Sirs,Lending to Non-Banking Financial Companies (NBFCs)Please refer to Circular IECD.No.26/08.12.01/ 96-97 dated April 15, 1997 in terms of which bank credit to such of the NBFCs as have satisfied the requirements of Registration with Reserve Bank of India (RBI), Credit Rating and Prudential Norms and so certified by RBI, is not subject to any quantitative ceiling.

@@NBSP@@IECD.No. 17 /04.02.01/98-99February 28, 1999To the Chairmen/Chief Executives of all Commercial banksDear Sir,Export Credit in Foreign Currency at internationally competitive rates – Simplification of proceduresAs you are aware, with a view to making available credit to exporters at internationally competitive rates, RBI had introduced, in 1993, the schemes of "Pre-shipment Credit in Foreign Currency" (PCFC) and "Rediscounting of Export Bills Abroad" (EBR). (cf