TRADE RELIEF MEASURES
Trade Relief Measures

The Reserve Bank of India has issued the RBI (Trade Relief Measures) Directions, 2025 on 14.11.2025 with a view to mitigate the burden of debt servicing brought about by trade disruptions caused by global headwinds and to ensure continuity of viable business. This directions come into effect immediately and Bank is extending relief to the impacted Borrowers.

  1. The borrower is engaged in exports relating to any of the sectors specified as under

    HS Code

    Description 

    03

    Fish and crustaceans, molluscs and other aquatic invertebrates

    29

    Organic chemicals

    38

    Miscellaneous chemical products.

    39

    Plastic and articles thereof.

    40

    Rubber and articles thereof.

    42

    Articles of leather, saddlery and harness; travel goods, handbags and similar containers, articles of animal gut (other than silk-worm) gut

    57

    Carpets and other textile floor coverings

    61

    Articles of apparel and clothing accessories, knitted or crocheted

    62

    Articles of apparel and clothing accessories, not knitted or crocheted

    63

    Other made-up textile articles; sets; worn clothing and worn textile articles; rags

    64

    Footwear, gaiters and the like; parts of such articles

    68

    Articles of stone, plaster, cement, asbestos, mica or similar materials 

    71

    Natural or cultured pearls, precious or semiprecious stones, precious metals, clad with precious metal and articles thereof; imitation jewellery; coin

    73

    Articles of iron or steel

    76

    Aluminium and articles thereof

    84

    Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof.

    85

    Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts 

    87

    Vehicles other than railway or tramway rolling stock, and parts and accessories thereof

    90

    Optical, photographic cinematographic measuring, checking precision, medical or surgical inst. And apparatus parts and accessories thereof

    94

    Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishing; lamps and lighting fittings not elsewhere specified or included
  2. The borrower had an outstanding export credit facility as of August 31, 2025.
  3. The account(s) of the borrower was/were classified as ‘Standard’ as on August 31, 2025.
  1. Export credit of all forms including Packing Credit Funded as well as Non- funded Letter of Credit etc.
  2. Buyers credit as or facilities for Inward Acquisition/Purchase by an exporter.
  3. Cash Credit, working capital related facilities intended for export business of impacted items.
  4. Terms Loan relating on impacted business.
  5. Loan against property where the end use is working capital

  1. Application from stating that they have been impacted by the Trade Disruption caused due to Global Headwinds with following details i.e.
    1. Total export over a relevant period in the past 3 years.
    2. Break up of export of impacted items and other items.
    3. Impact on the cash flows
    4. Cash flow forecasts and how the borrower proposes to pay after the moratorium period.
  1. Moratorium/Deferment ( Debt Servicing )
    1. Term Loans/Demand Loan - Moratorium on payment of all instalments [principal and/or interest] falling due between September 1, 2025 and December 31, 2025 (“Effective Period”). The Repayment Schedule for such Loans as also the residual tenor will be shifted across the board by four months after the moratorium period.
    2. >Working Capital Facilities (CC/OD) – Deferment of recovery of interest applied in respect of all such facilities during September 1, 2025 and December 31, 2025
    3. Interest Application - During the moratorium/ deferment period, interest shall continue to accrue. However, interest application shall be on simple interest basis, without compounding effect, i.e., there shall be no interest on interest.
    4. Extension of FITL - The accumulated accrued interest during moratorium/ deferment period shall be converted into a funded interest term loan (FITL) which shall be repayable in one or more instalments after March 31, 2026, but not later than September 30, 2026.
    5. In respect of working capital facilities Bank shall, at its discretion, recalculate ‘drawing power’ by reducing the margins and/ or reassess the working capital limits, during the effective period. Any such review, after the expiry of the effective period shall be based on regular assessments.
  2. Extension of Tenor for Export Credit:
    1. Extension of Tenor - Enhanced credit period of up to 450 days shall be allowed for pre-shipment and post-shipment export credit disbursed till March 31, 2026.
    2. Liquidation of Export Credit - In respect of packing credit facilities already availed by exporters on or before August 31, 2025, where dispatch of goods could not take place, liquidation of such facilities will be allowed from any legitimate alternate sources, including domestic sale proceeds of such goods or substitution of contract with proceeds of another export order.

Borrowers of the Bank are requested to check their eligibility criteria and approach their respective branches for availing relief under these measures. Application form is available under download section.