RBI/ 2004-2005/ 182
DBOD.IECS. NO. 43 /04.02.10/2004-05
September 17, 2004
The Chairmen/ Chief Executives of all Commercial Banks
Dear Sir,
Winding up of the State Level Export Promotion Committee (SLEPC)
and constitution of a separate Sub-Committee under State Level Bankers’ Committee
(SLBC)
Please refer to our letter IECD. No. 14/ 04.02.01/ 98-99 dated
February 23, 1999 advising about the reconstitution of the captioned Committee
2. The matter regarding effective functioning of the SLEPCs
in the States had been reviewed by us recently. In the light of several other
fora available to the exporters to ventilate their grievances at the State level,
it has since been decided, in consultation with the Government of India, to
wind up the SLEPCs, reconstituted in terms of our circular letter dated February
23, 1999.
3. The exporters’ problems in relation to export finance and other bank related
issues at the State level would, in future, be taken up by a Sub-Committee of
the State Level Bankers’ Committee. Accordingly, this Sub-Committee, which will
be known as "Sub-Committee of SLBC for Export Promotion", will include
local exporters’ Associations, SBI and two/ three leading banks handling sizeable
export business, DGFT, Customs, State Government (Department of Commerce and Industry
and Department of Finance), EXIM Bank, ECGC, FEDAI besides RBI (Foreign Exchange
Department and Department of Banking Supervision) at regional level, as members
of the Committee. The Sub-Committee may meet at half-yearly intervals or earlier
if considered necessary and the convenor bank of the SLBC will be the convenor
of the Sub-Committee in the respective State and the meetings may be chaired by
the Executive Director of the convenor bank. The secretarial assistance may be
provided to the Sub-Committee by the International Banking Division/ Foreign Exchange
Department at the Head Office of the bank acting as convenor, SLBC. The convenors
are being advised to take necessary action including the arrangement of the first
meeting latest by 31st October, 2004.
Yours faithfully
(Y.D.Rao)
Chief General Manager
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