The Reserve Bank of India has made changes to the Second Schedule of the RBI Act, 1934. Baroda UP Bank has been added to the schedule. Conversely, three former Regional Rural Banks (RRBs) have been removed from this list. These changes were officially notified on October 12, 2021, and published in the Gazette of India on November 12, 2021.
RBI/2021-22/133
DOR.Rur.REC.70/31.04.002/2021-22
November 22, 2021
All Regional Rural Banks
Madam/Sir,
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs)
We advise that the name of Baroda UP Bank has been included to and names of three erstwhile Regional Rural Banks (RRBs) have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934, by notification DOR.Rur.S1765/31.04.002/2021-22 dated Octobe
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FAQ :
This notification informs about the inclusion of Baroda UP Bank and the exclusion of three erstwhile Regional Rural Banks (RRBs) from the Second Schedule to the Reserve Bank of India Act, 1934.
Baroda UP Bank has been included in the Second Schedule to the Reserve Bank of India Act, 1934.
Three erstwhile Regional Rural Banks (RRBs) have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934.
The notification (DOR.Rur.S1765/31.04.002/2021-22) was issued on October 12, 2021.
The changes were published in the Extraordinary Gazette of India (Part III - Section 4) on November 12, 2021.
Guest
Notification No : RBI/2021-22/133 DOR.Rur.REC.70/31.04.002/2021-22Published in Community & General
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12202&Mode=0