**Summary:**
This notification, DOR.CO.RRB.No. 139/31.04.002/2020-21, issued by the Reserve Bank of India (RBI) on July 27, 2020, and published in the Gazette of India on October 19, 2020, concerns changes to the Second Schedule of the Reserve Bank of India Act, 1934. Exercising powers conferred by clauses (a) and (b) of subsection 6 of section 42 of the RBI Act, the notification directs the exclusion of specific Regional Rural Banks (RRBs) from the Second Schedule and the inclusion of newly named or restructured RRBs.
Specifically, the notification lists the following changes:
* Gramin Bank of Aryavart and Allahabad UP Gramin Bank are replaced by Aryavart Bank.
* Bihar Gramin Bank, Madhya Bihar Gramin Bank and Vananchal Gramin Bank are replaced by Dakshin Bihar Gramin Bank.
* Jharkhand Rajya Gramin Bank is replaced by Jharkhand Gramin Bank.
* Pragathi Krishna Gramin Bank and Kaveri Grameena Bank are replaced by Karnataka Gramin Bank.
* Narmada Jhabua Gramin Bank and Central Madhya Pradesh Gramin Bank are replaced by Madhya Pradesh Gramin Bank.
* Sarva U.P. Gramin Bank and Prathama U.P. Gramin Bank are replaced by Prathama Bank.
* Pandyan Grama Bank and Pallavan Grama Bank are replaced by Tamil Nadu Grama Bank.
The notification is signed by Lily Vadera, Executive Director, Reserve Bank of India.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Reserve Bank of India Act, 1934: An act of the Indian Parliament that governs the Reserve Bank of India.
Regional Rural Banks: Regional Rural Banks are banks operating at regional level in different States of India.
Aryavart Bank, Lucknow, Uttar Pradesh: A Regional Rural Bank in Uttar Pradesh, formed from the amalgamation of Gramin Bank of Aryavart
Dakshin Bihar Gramin Bank, Patna, Bihar: A Regional Rural Bank in Bihar.
Jharkhand Rajya Gramin Bank, Ranchi, Jharkhand: A Regional Rural Bank in Jharkhand.
Karnataka Gramin Bank, Ballari, Karnataka: A Regional Rural Bank in Karnataka.
Tamil Nadu Grama Bank, Salem, Tamil Nadu: A Regional Rural Bank in Tamil Nadu.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 437] नई दिल्ली, सोमर्ार, अक्त बू र 19, 2020/आजर् न 27, 1942
No. 437] NEW DELHI, MONDAY, OCTOBER 19, 2020/ASVINA 27, 1942
भारतीय ररिर् व बकैं
अजधसचू ना
नई दिल् ली, 27 िुलाई, 2020
जर्जर्.केका.आरआरबी. स.ं 139 /31.04.002/2020-21.—भारतीय ररज़र्व बैंक अजधजनयम, 1934 की धारा 42
की उपधारा (6) के खंड (क) और (ख) के तहत प्रित्त िजतियय के अनुसरण में, भारतीय ररज़र्व बकैं (जिसे बाि में "आरबीआई
अजधजनयम" कहा गया ह)ै , नीच े दिए गए मि स ं (क) म ें प्रिर्िवत क्षेत्रीय ग्रामीण बैंक को आरबीआई अजधजनयम की िसू री
अनुसूची से हटाने और मि सं (ख) में प्रिर्िवत क्षेत्रीय ग्रामीण बैंक को आरबीआई अजधजनयम की िसू री अनुसूची में िाजमल
करन े हते ु जनिेजित करता ह।ै
पर्ू र्व ती क्षत्रे ीय ग्रामीण बकैं का नाम (क) नए क्षत्रे ीय ग्रामीण बैंक का नाम (ख)
ग्रामीण बैंक ऑफ आयावर्त व
आयावर्तव बैंक, लखनऊ, उत्तर प्रिेि
इलाहाबाि यू.पी. ग्रामीण बैंक
जबहार ग्रामीण बैंक
िजक्षण जबहार ग्रामीण बैंक, पटना, जबहार
मध्य जबहार ग्रामीण बैंक
र्नांचल ग्रामीण बैंक
झारखंड राज्य ग्रामीण बैंक, राचं ी, झारखंड
झारखंड ग्रामीण बैंक
प्रगजत कृष्णा ग्रामीण बैंक
कनावटक ग्रामीण बैंक, बेल्लारी, कनावटक
कार्ेरी ग्रामीण बैंक
नमविा झाबुआ ग्रामीण बैंक
मध्य प्रििे ग्रामीण बैंक, इंिौर, मध्य प्रििे
सेंरल मध्यप्रिेि ग्रामीण बैंक
5002 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
सर्व यू.पी. ग्रामीण बैंक
प्रथमा य.ूपी. ग्रामीण बैंक, मुरािाबाि, उत्तर प्रिेि
प्रथमा बैंक
पंजडयन ग्रामा बैंक
तजमल नाडु ग्रामा बैंक, सेलम, तजमलनाडु
पल्लर्न ग्रामा बैंक
जलली र्डेरा, कायवपालक जनिेिक
[जर्ज्ञापन-III/4/असा./301/2020-21]
RESERVE BANK OF INDIA
NOTIFICATION
New Delhi, the 27th July, 2020
DOR.CO.RRB.No. 139 /31.04.002/2020-21.— In exercise of the powers conferred under clauses (a) and (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 the Regional Rural Banks indicated below at column no. [A]
from the second schedule of the RBI Act and the inclusion of the Regional Rural Banks indicated below at column no.
[B] in the second schedule of the RBI Act.
Name of the erstwhile Regional Rural Banks Names of new Regional Rural
[A] Banks [B]
Gramin Bank of Aryavart
Aryavart Bank, Lucknow, Uttar Pradesh
Allahabad UP Gramin Bank
Bihar Gramin Bank
Dakshin Bihar Gramin Bank, Patna, Bihar
Madhya Bihar Gramin Bank
Vananchal Gramin Bank
Jharkhand Rajya Gramin Bank, Ranchi, Jharkhand
Jharkhand Gramin Bank
Pragathi Krishna Gramin Bank
Karnataka Gramin Bank, Ballari, Karnataka
Kaveri Grameena Bank
Narmada Jhabua Gramin Bank
Madhya Pradesh Gramin Bank, Indore, Madhya Pradesh
Central Madhya Pradesh Gramin Bank
Sarva U.P. Gramin Bank
Prathama U.P. Gramin Bank, Moradabad, Uttar Pradesh
Prathama Bank
Pandyan Grama Bank
Tamil Nadu Grama Bank, Salem, Tamil Nadu
Pallavan Grama Bank
LILY VADERA, Executive Director
[ADVT-III/4/Exty./301/2020-21]
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.