Date: 2017-11-09Category: Not ApplicableState: Union GovernmentCountry: India
Cessation of “Commonwealth Bank of Australia” as a banking company within the meaning of sub–section (2) of Section 36 (A) of Banking Regulation Act, 1949
**Summary:**
RBI Notification RBI20171884 DBR.No.Ret.BC.9412.07.150201718, dated November 09, 2017, informs all Scheduled Commercial Banks that the Commonwealth Bank of Australia 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 DBR.IBD.No.222423.13.127/201718 dated September 05, 2017, and published in the Gazette of India Part III Section 4 dated October 28 – November 03, 2017. Inquiries can be directed to M.G.Suprabhat, Deputy General Manager, Department of Banking Regulation, Central Office, 5th floor, Amar Building, Sir P.M.Road, Mumbai-400001. The contact number is 022-22603000, and the email ID is returnscorbi.org.in.
Key Entities Referenced
Commonwealth Bank of Australia: A banking company that has ceased to be recognized as such under the Banking Regulation Act, 1949 as per the notification.
Banking Regulation Act, 1949: An act of the Indian Parliament, under which the Commonwealth Bank of Australia was previously recognised as a banking company.
DBR.No.Ret.BC.9412.07.150201718: Reference number of the RBI notification regarding cessation of Commonwealth Bank of Australia.
DBR.IBD.No.222423.13.127 201718: Reference number of the notification regarding cessation of Commonwealth Bank of Australia.
Reserve Bank of India: The issuing authority (RBI) of the circular regarding the cessation of Commonwealth Bank of Australia as a banking company.
Mumbai, Maharashtra: Location of the Central Office of the Department of Banking Regulation.
Department of Banking Regulation: A department within the Reserve Bank of India.
Gazette of India: The official government publication in which the notification regarding Commonwealth Bank of Australia was published.
RBI/2017-18/84
DBR.No.Ret.BC.94/12.07.150/2017-18 November 09, 2017
All Scheduled Commercial Banks
Dear Sir/Madam,
Cessation of “Commonwealth Bank of Australia” as a banking company
within the meaning of sub –section (2) of Section 36 (A) of Banking
Regulation Act, 1949
We advise that the “Commonwealth Bank of Australia” has ceased to be a
banking company within the meaning of the Banking Regulation Act, 1949 vide
Notification DBR.IBD.No.2224/23.13.127/ 2017-18 dated September 05, 2017, and
published in the Gazette of India (Part III - Section 4) dated October 28- November
03, 2017.
Yours faithfully
(M.G.Suprabhat)
Deputy General Manager
ब��कंग �व�नयमन �वभाग, क�द्र�य कायार्लय, 5वीं मंिजल, अमर भवन, सर पी एम रोड , मुंबई 400001
Department of Banking Regulation, Central Office, 5th floor, Amar Building, Sir P.M.Road, Mumbai-400001
टेल�फोन/Tel No:022-22603000 Email ID: returnsco@rbi.org.in