Home India Reserve Bank of India In exercise of the powers conferred under clause b ofsubsect...
Date: 2022-07-18 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred under clause b ofsubsection 6 of section 42 of the Reserve Bank of India Act

Issued by Reserve Bank of India · Not Applicable

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Executive Summary & Key Takeaways

This notification, issued by the Reserve Bank of India (RBI) on March 10, 2022, announces the exclusion of Punjab and Maharashtra Cooperative Bank Limited from the Second Schedule of the Reserve Bank of India Act, 1934. This directive is issued in exercise of the powers conferred under clause (b) of subsection (6) of section 42 of the RBI Act.

Key Entities Referenced

RESERVE BANK OF INDIA: The central bank of India. NEW DELHI: City in India; place of publication. Mumbai, Maharashtra: City in India; place where notification was issued. Reserve Bank of India Act, 1934: The Act under which the powers are conferred. RBI Act: Abbreviated reference to the Reserve Bank of India Act, 1934. Punjab and Maharashtra Cooperative Bank Limited: The cooperative bank being excluded from the second schedule of the RBI Act. JAYANT KUMAR DASH: Executive Director. Mayapuri, New Delhi: Location of the Government of India Press. Delhi: Location of the Controller of Publications.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-एम.एच.-अ.-18072022-237342 xxxGIDHxxx CG-MH-E-18072022-237342 xxxGIDExxx असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 361] नई ददल्ली, सोमर्ार, ि लाई 18, 2022/आषाढ़ 27, 1944 No. 361] NEW DELHI, MONDAY, JULY 18, 2022/ASHADHA 27, 1944 भारतीय ररज़र् व बकैं अजधसचू ना म ंबई, 10 माच,व 2022 डीओआर.जनग.स.ं 3764 /12.01.000/2021-22.—भारतीय ररज़र् व बैंक अजधजनयम, 1934 (इसके बाद “द आरबीआई अजधजनयम” स े संबोजधत) की धारा 42 की उप-धारा (6) के खण्ड (ख) के तहत प्रदत्त िजियों का प्रयोग करते हुए भारतीय ररज़र् व बैंक, एतद्द्वारा, पंिाब एण्ड महाराष्ट्र को-ऑपरेरिर् बैंक, जलजमिेड को आरबीआई अजधजनयम की दसू री अन सूची स ेहिाए िाने का जनदेि दते ा ह।ै ियन्त क मार दाि, कायवपालक जनदेिक [जर्ज्ञापन III/4/असा./179/2022-23] RESERVE BANK OF INDIA NOTIFICATION Mumbai, the 10th March, 2022 DOR.MON.No. 3764/12.01.000/2021-22.—In exercise of the powers conferred under clause (b) of sub-section (6) of section 42 of the Reserve Bank of India Act, 1934 (hereinafter referred to as “the RBI Act”), the Reserve Bank of India, hereby, directs the exclusion of Punjab and Maharashtra Co-operative Bank Limited from the second schedule of the RBI Act. JAYANT KUMAR DASH, Executive Director [ADVT.-III/4/Exty./179/2022-23] 4741 GI/2022 (1) Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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