**Summary:**
This notification, RBI20242515 DOR.RET.REC.1112.07.160202425 dated April 10, 2024, issued by the Reserve Bank of India (RBI), 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 "Sonali Bank Limited" has been changed to "Sonali Bank PLC." This change was enacted by Notification DoR.LIC.No.S604423.13.032202324 dated January 17, 2024, and published in the Gazette of India Part III Section 4 dated March 06, 2024. The issuing authority is the Department of Regulation, Central Office, located on the 12th-13th Floor, Nariman Bhavan, Nariman Point, Mumbai – 400021. Manoranjan Padhy, Chief General Manager, is the contact person. The notification also includes a caution to the public regarding fraudulent solicitations for personal banking information, clarifying that the RBI does not request such details or offer funds to individuals.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Reserve Bank of India Act, 1934: An act of the Parliament of India that governs the Reserve Bank of India.
Sonali Bank Limited: A commercial bank, formerly known as Sonali Bank Limited, now Sonali Bank PLC.
Sonali Bank PLC: The new name of Sonali Bank Limited, as per the notification.
Commercial and Cooperative Banks: The entities to whom the notification is addressed.
Gazette of India: An official government publication in India where the notification regarding the name change is published.
Manoranjan Padhy: Chief General Manager at the Reserve Bank of India, signatory of the notification.
Mumbai, Maharashtra: City in India, location of the Central Office of the Department of Regulation of the Reserve Bank of India.
भारतीय � रज़व� ब�क
RESERVE BANK OF INDIA
RBI/2024-25/15
DOR.RET.REC.11/12.07.160/2024-25 April 10, 2024
All Commercial and Co-operative Banks
Madam / Dear Sir,
Alteration in the name of "Sonali Bank Limited" to "Sonali Bank PLC" in the Second
Schedule to the Reserve Bank of India Act, 1934
It is advised that the name of "Sonali Bank Limited" has been changed to "Sonali Bank PLC"
in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification
DoR.LIC.No.S6044/23.13.032/2023-24 dated January 17, 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.