Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934

Last updated: 04 September 2020

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The Reserve Bank of India (RBI) has officially excluded Westpac Banking Corporation from the Second Schedule of the Reserve Bank of India Act, 1934. This exclusion was formalised via a notification dated July 18, 2020. The details of this exclusion were subsequently published in the Gazette of India.

Reserve Bank of India

RBI/2020-21/30
DOR.No.Ret.BC.10/12.07.150/2020-21

September 03, 2020

All Banks

Madam/Sir

Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934

We advise that the “Westpac Banking Corporation” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DOR.IBD.No.99/23.13.138/2020-21 dated July 18, 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 :

The notification concerns the exclusion of Westpac Banking Corporation from the Second Schedule to the Reserve Bank of India Act, 1934.

Westpac Banking Corporation was excluded via a notification dated July 18, 2020.

The exclusion was published in the Gazette of India, specifically in Part III – Section 4, dated August 22 – August 28, 2020.

The notification regarding the exclusion was issued by the Reserve Bank of India (RBI).

Guest

Notification No : RBI/2020-21/30 DOR.No.Ret.BC.10/12.07.150/2020-21
Published in Community & General
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=11956&Mode=0

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