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


Quick Summary
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 theWestpac Banking Corporationhas 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) da
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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).

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



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