Date: 2023-03-27Category: Not ApplicableState: Union GovernmentCountry: India
Cessation of “Abu Dhabi Commercial Bank PJSC” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949
**Policy Summary:**
This notification, RBI202223188 DOR.RET.REC.10812.07.160202223, dated March 27, 2023, issued by the Reserve Bank of India (RBI), informs all banks that Abu Dhabi Commercial Bank PJSC has ceased to be a banking company within the meaning of sub-section 2 of Section 36 A of the Banking Regulation Act, 1949. This cessation is effective as per Notification DoR.LIC.No.S753923.13.021202223 dated February 23, 2023, and published in the Gazette of India Part III Section 4, dated March 25-March 31, 2023.
For further information, contact Prakash Baliarsingh, Chief General Manager, Department of Regulation, Central Office, 12th/13th Floor, Central Office Building, Shaheed Bhagat Singh Marg, Mumbai 400001. Tel No: 22601000, Fax No: 022-2270 5670, 2260 5671, 2270 5691, 2260 5692.
The RBI also cautions the public that it never requests personal information such as bank account details or passwords via email, SMS, or phone calls, and it does not hold or offer funds to individuals. The public is advised not to respond to such offers.
Key Entities Referenced
Reserve Bank of India: The central bank of India, also referred to as RBI.
Abu Dhabi Commercial Bank PJSC: A banking company that has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949.
Banking Regulation Act, 1949: An act of the Indian Parliament regulating the banking sector in India.
Prakash Baliarsingh: Chief General Manager at Reserve Bank of India
Mumbai, Maharashtra: City in India where the Central Office of the Department of Regulation, Reserve Bank of India is located.
Gazette of India: Official government publication in which the notification regarding Abu Dhabi Commercial Bank PJSC is published.
Department of Regulation, Central Office: A department within the Reserve Bank of India.
भारतीय �र ज़व� ब�क
RESERVE BANK OF INDIA
RBI/2022-23/188
DOR.RET.REC.108/12.07.160/2022-23 March 27, 2023
All Banks
Madam/Sir,
Cessation of “Abu Dhabi Commercial Bank PJSC” as a banking company within the meaning
of sub section (2) of Section 36 A of Banking Regulation Act, 1949
It is advised that the “Abu Dhabi Commercial Bank PJSC” has ceased to be a banking company within
the meaning of the Banking Regulation Act, 1949 vide Notification
DoR.LIC.No.S7539/23.13.021/2022-23 dated February 23, 2023, which is published in the Gazette
of India (Part III - Section 4) dated March 25 – March 31, 2023.
Yours faithfully,
(Prakash Baliarsingh)
Chief General Manager
िविनयमन िवभाग, क�द्रीय काया�लय, 12वी ंऔर 13वी ंमंिज़ल, क�द्रीय काया�लय भवन, शहीद भगत िसंह माग�, मुंबई 400001
टेलीफोन /Tel No: 22601000 फै�/ Fax No: 022-2270 5670, 2260 5671, 5691 2270, 2260 5692
Department of Regulation, Central Office, 12th & 13th Floor, Central Office Building, Shaheed Bhagat Singh Marg, Mumbai – 400001
Tel No: 22601000 Fax No: 022-2270 5670, 2260 5671, 5691 2270, 2260 5692
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.