**Policy Summary:**
This notification, RBI20242526 DOR.RET.REC.1812.07.160202425 issued on April 25, 2024, by the Reserve Bank of India (RBI), informs all commercial and cooperative banks about a change in the Second Schedule to the Reserve Bank of India Act, 1934. Specifically, the name of "AB Bank Limited" has been altered to "AB Bank PLC." This change was enacted via Notification DOR.LIC.No.S622223.13.048202324 dated January 25, 2024, and published in the Gazette of India Part III-Section 4 on March 06, 2024. The communication originates from the Department of Regulation, Central Office, 12th-13th Floor, Nariman Bhavan, Nariman Point, Mumbai 400021, and is signed by Manoranjan Padhy, Chief General Manager. The RBI includes a caution against responding to fraudulent communications requesting personal banking information.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking system.
AB Bank Limited: The former name of a bank, which has been changed.
AB Bank PLC: The new name of the bank formerly known as AB Bank Limited.
Reserve Bank of India Act, 1934: An act of the Indian Parliament that established the Reserve Bank of India.
Gazette of India: An official publication of the Government of India, publishing government notifications.
Manoranjan Padhy: Chief General Manager at the Reserve Bank of India.
Department of Regulation, Central Office: A department within the Reserve Bank of India.
Mumbai, Maharashtra: City in India where the Central Office of RBI is located.
भारतीय � रज़व� ब�क
RESERVE BANK OF INDIA
RBI/2024-25/26
DOR.RET.REC.18/12.07.160/2024-25 April 25, 2024
All Commercial and Co-operative Banks
Madam / Dear Sir,
Alteration in the name of "AB Bank Limited" to "AB Bank PLC" in the Second Schedule
to the Reserve Bank of India Act, 1934
It is advised that the name of "AB Bank Limited" has been changed to "AB Bank PLC" in the
Second Schedule to the Reserve Bank of India Act, 1934 by Notification
DOR.LIC.No.S6222/23.13.048/2023-24 dated January 25, 2024, which is published in the
Gazette of India (Part III-Section 4) dated March 06, 2024.
Yours faithfully,
(Manoranjan Padhy)
Chief General Manager
________________________________________________________________________________________________________________________________________________________
िविनयमन िवभाग, क�द्रीय काया�लय, 12वी ं और 13वी ं मंिज़ल, नरीमन भवन, नरीमन पॉइंट, मुंबई 400021
Department of Regulation, Central Office, 12th & 13th Floor, Nariman Bhavan, Nariman Point, Mumbai 400021
ब�क िहंदी म� पत्राचार का �ागत करता है
Caution: RBI never sends mails, SMSs or makes calls asking for personal information like bank account details, passwords, etc. It never keeps or offers funds
to anyone. Please do not respond in any manner to such offers.