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Reserve Bank of India RBI/2020-21/32 DOR.No.Ret.BC.12/12.07.150/2020-21 September 03, 2020 All Banks Dear Sir/Madam Cessation of Aditya Birla Idea Payments Bank Limited as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949 We advise that theAditya Birla Idea Payments Bank Limitedhas ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 with effect from July 28, 2020 vide Notification DOR.N
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FAQ :
Aditya Birla Idea Payments Bank Limited has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949.
The cessation took effect from July 28, 2020.
The cessation occurred under the Banking Regulation Act, 1949, specifically within the meaning of sub-section (2) of Section 36 A.
The official notification was published in the Gazette of India, Part III – Section 4, dated August 22 – August 28, 2020.
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Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11958&Mode=0