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

Last updated: 04 September 2020

Save Share

Quick Summary

Aditya Birla Idea Payments Bank Limited is no longer considered a banking company under the Banking Regulation Act, 1949. This change took effect from July 28, 2020. The official notification regarding this cessation was published in the Gazette of India.

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 the “Aditya Birla Idea Payments Bank Limited” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 with effect from July 28, 2020 vide Notification DOR.NBD.No.144/16.03.007/2020-21 dated July 28, 2020, which is published in the Gazette of India (Part III – Section 4) dated August 22 – August 28, 2020.

Yours faithfully

(Sudhansu Mohan Parida)
General Manager

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.

Guest

Notification No : RBI/2020-21/32 DOR.No.Ret.BC.12/12.07.150/2020-21
Published in Community & General
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11958&Mode=0

Share Report Abuse

Comments