Reserve Bank of India (RBI) has issued directions on trade relief measures in respect to credit facilities extended by regulated entities. To whom shall the directions be applicable? The directions shall be applicable to the following Regulated Entities (REs) – Commercial Banks Primary (Urban) Co-operative Banks, State Co-operative Banks and Central Co-operative Banks Non-Banking Financial Companies (including Housing Finance Companies) All-India Financial Institutions Credit Information Companies What are the eligibility criteria for the trade relief? RE shall satisfy itself that the borrower’s business is impacted by trade disruptions caused by global headwinds. For the purpose of considering relief, a borrower shall be deemed to be eligible upon fulfilment of all of the following conditions – The borrower is engaged in exports relating to any of the sectors specified in the directions. The borrower had an outstanding export credit facility from a RE as of August 31, 2025. The accoun...