Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs)

Last updated: 24 November 2021

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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 October 12, 2021 published in the Extraordinary Gazette of India (Part III - Section 4) dated November 12, 2021.

2. Copy of the above notification DOR.Rur.S1765/31.04.002/2021-22 dated October 12, 2021 is enclosed.

Yours faithfully,

(Neeraj Nigam)
Chief General Manager-in-Charge
Encl: as above

DOR.Rur.S1765/31.04.002/2021-22

October 12, 2021

NOTIFICATION

In exercise of the powers conferred under clauses (a) and (b) of sub-section (6) of section 42 of the Reserve Bank of India Act, 1934 (hereinafter referred to as “the RBI Act”), the Reserve Bank of India, hereby, directs the exclusion of the Regional Rural Banks indicated below at column no. [A] from the second schedule of the RBI Act and the inclusion of the Regional Rural Bank indicated below at column no. [B] in the second schedule of the RBI Act.

Name of the erstwhile Regional Rural Banks [A]	Name of new Regional Rural Bank [B]
Baroda Uttar Pradesh Gramin Bank	Baroda UP Bank, Gorakhpur, Uttar Pradesh
Kashi Gomti Samyut Gramin Bank
Purvanchal Bank

(Jayant Kumar Dash)
Executive Director

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.70/31.04.002/2021-22
Published in Community & General
Source : https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12202&Mode=0

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