**Policy Summary:**
This notification, RBI201516365 DBR.No.Ret.BC.8812.07.137A201516, issued by the Reserve Bank of India (RBI) on April 7, 2016, informs all scheduled commercial banks of the alteration in the name of Korea Exchange Bank Co., Ltd to KEB Hana Bank in the Second Schedule to the Reserve Bank of India Act, 1934. This change was implemented via Notification DBR.IBD.No.479323.13.065201516 dated October 06, 2015, and published in the Gazette of India Part III Section 4 dated December 19, 2015.
For further information, contact M.K. Samantaray, General Manager, Department of Banking Regulation, Central Office, Centre 1, Cuffe Parade, Colaba, Mumbai 400005. The contact number is 912222189131, the fax number is 02222150772, and the email ID is cgmicdbrrbi.org.in.
The RBI also cautions the public to be wary of fraudulent communications requesting personal information, clarifying that the RBI never solicits such details or offers funds directly.
Key Entities Referenced
Korea Exchange Bank Co., Ltd: Former name of a bank, later changed to KEB Hana Bank.
KEB Hana Bank: New name of the Korea Exchange Bank Co., Ltd, as per the notification.
Second Schedule to the RBI Act, 1934: Schedule of the Reserve Bank of India Act, 1934, where banks are listed.
Reserve Bank of India Act, 1934: The act governing the Reserve Bank of India.
DBR.IBD.No.479323.13.065201516: Notification number related to the change of name of the bank
Gazette of India: Official government gazette where the notification was published.
All Scheduled Commercial Banks: Addressees of the RBI notification
Mumbai, Maharashtra: Location of the Central Office of the Department of Banking Regulation, Reserve Bank of India
RBI/2015-16/365
DBR.No.Ret.BC.88/12.07.137A/2015-16 April 7, 2016
All Scheduled Commercial Banks
Dear Sir,
Alteration in the name of “Korea Exchange Bank Co., Ltd” to “KEB Hana Bank” in the
Second Schedule to the RBI Act, 1934
We advise that the name of “Korea Exchange Bank Co., Ltd” has been changed to “KEB
Hana Bank” in the Second Schedule to the Reserve Bank of India Act, 1934 vide
Notification DBR.IBD.No.4793/23.13.065/2015-16 dated October 06, 2015 and published in
the Gazette of India (Part III Section 4) dated December 19, 2015.
Yours faithfully
(M.K.Samantaray)
General Manager
बकैं िंग विनियमि विभाग, ेंद्रीय ायाालय, सेंटर 1, फ परेड, ोलाबा, म िंबई - 400005
Department of Banking Regulation,Central Office, Centre 1, Cuffe Parade, Colaba, Mumbai - 400005
Tel No: 91-22-22189131 फै स ििं./Fax No: 022-22150772 Email ID:cgmicdbr@rbi.org.in
"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."