**Policy Summary:**
This notification, RBI20242526 DOR.RET.REC.1812.07.160202425, issued by the Reserve Bank of India (RBI) on April 25, 2024, informs all commercial and cooperative banks of an alteration in the Second Schedule to the Reserve Bank of India Act, 1934. Specifically, the name of "AB Bank Limited" has been changed 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 issuing authority is the Department of Regulation, Central Office, Reserve Bank of India, located on the 12th/13th Floor, Nariman Bhavan, Nariman Point, Mumbai 400021. Inquiries can be directed to Manoranjan Padhy, Chief General Manager.
The notification also includes a caution to the public, advising them that the RBI never requests personal information such as bank account details or passwords via email, SMS, or phone calls, nor does it offer funds to individuals. The public is urged to disregard such solicitations.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
RBI Act, 1934: Refers to the Reserve Bank of India Act, 1934, the legislation that established the Reserve Bank of India.
Second Schedule to the Reserve Bank of India Act, 1934: A list of banks that meet certain criteria and are included in the Reserve Bank of India Act, 1934.
AB Bank Limited: The previous name of a bank that has been renamed.
AB Bank PLC: The new name of the bank formerly known as AB Bank Limited.
Gazette of India: An official publication of the Government of India, used for publishing notifications and regulations.
Mumbai, Maharashtra: A city in India where Central Office of Department of Regulation is located.
Manoranjan Padhy: Chief General Manager at Reserve Bank of India
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.