Date: 2020-09-03Category: Not ApplicableState: Union GovernmentCountry: India
Cessation of “Aditya Birla Idea Payments Bank Limited” as a banking company within the meaning of sub section (2) of Section 36 A of Banking Regulation Act, 1949
**Policy Summary:**
This notification, issued by the Reserve Bank of India (RBI) on September 03, 2020, announces the cessation of Aditya Birla Idea Payments Bank Limited as a banking company, as defined under sub-section 2 of Section 36 A of the Banking Regulation Act, 1949. The cessation is effective from July 28, 2020, as per Notification DOR.NBD.No.14416.03.007/2020-21 dated July 28, 2020, which was published in the Gazette of India Part III Section 4, dated August 22 – August 28, 2020. Further information can be obtained from Sudhansu Mohan Parida, General Manager, Department of Regulation, Central Office, 5th floor, Amar Building, Sir P.M. Road, Mumbai – 400001. Contact can be made via Tel No: 022-22603000 or Email ID: returnscorbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking sector.
Aditya Birla Idea Payments Bank Limited: A payments bank that ceased to operate as a banking company.
Banking Regulation Act, 1949: An act of the Indian Parliament that regulates the banking sector in India.
Gazette of India: An official publication of the Government of India, publishing notifications and legal notices.
Sudhansu Mohan Parida: General Manager at the Department of Regulation, 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 the Department of Regulation of RBI is located
भारतीय �रज़वर् ब�क
________________ RESERVE BANK OF INDIA__________________
www.rbi.org.in
RBI/2020-21/32
DOR.No.Ret.BC.12/12.07.150/2020-21 September 03, 2020
All Banks
Dear Sir/Madam
Cessation of “Aditya Birla Idea Payments Bank Limited” as a banking
company within the meaning of sub section (2) of Section 36 A of Banking
Regulation Act, 1949
We advise that the “Aditya Birla Idea Payments Bank Limited” has ceased to be
a banking company within the meaning of the Banking Regulation Act, 1949 with
effect from July 28, 2020 vide Notification DOR.NBD.No.144/16.03.007/2020-21
dated July 28, 2020, which is published in the Gazette of India (Part III - Section 4)
dated August 22 – August 28, 2020.
Yours faithfully
(Sudhansu Mohan Parida)
General Manager
िविनयमनिवभाग, क��ीयकायालर् य 5व� मिंजल,अमरभवन, सरपीएमरोड, मबुं ई - 400001
Department of Regulation, Central Office, 5th floor, Amar Building, Sir P.M.Road, Mumbai-400001
,
टेलीफोन/Tel No:022-22603000 Email ID: returnsco@rbi.org.in