**Policy Summary:**
RBI notification RBI20171885 DBR.No.Ret.BC.9512.07.150201718, dated November 09, 2017, informs all scheduled commercial banks that the Commonwealth Bank of Australia has been excluded from the Second Schedule of the Reserve Bank of India Act, 1934. This exclusion was enacted vide Notification DBR.IBD.No.222323.13.127 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
Reserve Bank of India: The central bank of India, also referred to as RBI.
Commonwealth Bank of Australia: A multinational bank based in Australia, being excluded from the Second Schedule of the Reserve Bank of India Act, 1934.
Reserve Bank of India Act, 1934: An act of the Parliament of India that governs the Reserve Bank of India.
Department of Banking Regulation: A department within the Reserve Bank of India.
Mumbai, Maharashtra: City in India where the Central Office of the Department of Banking Regulation is located.
M.G.Suprabhat: Deputy General Manager at Department of Banking Regulation, Reserve Bank of India.
Gazette of India: An official publication of the Government of India.
All Scheduled Commercial Banks: Refers to all commercial banks included in the Second Schedule to the Reserve Bank of India Act, 1934.
RBI/2017-18/85
DBR.No.Ret.BC.95/12.07.150/2017-18 November 09, 2017
All Scheduled Commercial Banks
Dear Sir/Madam,
Exclusion of “Commonwealth Bank of Australia” from the Second Schedule of
the Reserve Bank of India Act, 1934
We advise that the “Commonwealth Bank of Australia” has been excluded from
the Second Schedule of the Reserve Bank of India Act, 1934 vide Notification
DBR.IBD.No.2223/23.13.127/ 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