**Summary:**
This notification, issued by the Reserve Bank of India (RBI) on September 03, 2020, announces the cessation of Westpac Banking Corporation as a banking company within the meaning of sub-section 2 of Section 36 A of the Banking Regulation Act, 1949. This action is effective as per Notification DOR.IBD.No.10023.13.138/2020-21 dated July 18, 2020, published in the Gazette of India Part III Section 4, dated August 22 - August 28, 2020. The communication originates from the Department of Regulation, Central Office, RBI, located on the 5th floor of Amar Building, Sir P.M. Road, Mumbai – 400001. Sudhansu Mohan Parida, General Manager, is the point of contact, reachable at Tel No: 022-22603000 or via email at returns@rbi.org.in. The reference number for this notification is DOR.No.Ret.BC.1112/07.15.020/2020-21.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking system.
Westpac Banking Corporation: An Australian bank that has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 in India.
Banking Regulation Act, 1949: An act of the Parliament of India to regulate banking companies in India.
Gazette of India: A public journal and an authorized legal document of the Government of India, published weekly by the Department of Publication, Ministry of Urban Development.
Department of Regulation: A department of the Reserve Bank of India.
Central Office: The main office of the Department of Regulation, Reserve Bank of India.
Mumbai, Maharashtra: City in India where the Central Office of the Department of Regulation is located.
Sudhansu Mohan Parida: General Manager at Reserve Bank of India.
भारतीय �रज़व र् बक�
________________ RESERVE BANK OF INDIA__________________
www.rbi.org.in
RBI/2020-21/31
DOR.No.Ret.BC.11/12.07.150/2020-21 September 03, 2020
All Banks
Dear Sir/Madam
Cessation of “Westpac Banking Corporation” as a banking company within
the meaning of sub section (2) of Section 36 A of Banking Regulation Act,
1949
We advise that the “Westpac Banking Corporation” has ceased to be a banking
company within the meaning of the Banking Regulation Act, 1949 vide Notification
DOR.IBD.No.100/23.13.138/2020-21 dated July 18, 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
�व�नयमन �वभाग, क�द्र�य कायालर् य, 5वी ं मंिजल, अमर भवन, सर पी एम रोड, मबुं ई-400001
Department of 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