**Policy Summary:**
This notification, issued by the Reserve Bank of India (RBI), Department of Banking Regulation, announces the inclusion of Utkarsh Small Finance Bank Limited into the Second Schedule of the Reserve Bank of India Act, 1934 (2 of 1934). This action is taken in pursuance of clause (a) of sub-section (6) of Section 42 of the aforementioned Act.
**Key Details:**
* **Issuing Authority:** Reserve Bank of India (RBI), Department of Banking Regulation
* **Notification Number:** DBR.NBD.SFBUMFL.No. 268916.13.216/2017-2018
* **Date of Notification:** October 4, 2017
* **Bank Included:** Utkarsh Small Finance Bank Limited
* **Bank Address:** S-24/12, First Floor, Mahavir Nagar Orderly Bazar, Near Mahavir Mandir, Varanasi - 221002, Uttar Pradesh
* **Authority:** Sudarshan Sen, Executive Director, Reserve Bank of India
* **Act Referenced:** Reserve Bank of India Act, 1934 (2 of 1934), Section 42, sub-section (6), clause (a)
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking sector.
Reserve Bank of India Act, 1934: An act of the Indian Parliament that established the Reserve Bank of India.
Mumbai: The city where the notification from the Department of Banking Regulation, Reserve Bank of India, was issued.
Utkarsh Small Finance Bank Limited: A small finance bank included in the Second Schedule to the Reserve Bank of India Act, 1934.
Varanasi, Uttar Pradesh: The city and state where the Utkarsh Small Finance Bank Limited is located.
Second Schedule: A schedule to the Reserve Bank of India Act, 1934, which lists banks that meet certain criteria.
SUDARSHAN SEN: The Executive Director who signed the notification.
Department of Banking Regulation: A department of the Reserve Bank of India.
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[िव1ापन-III/4/असा./299/17]
6584 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
RESERVE BANK OF INDIA
(Department of Banking Regulation)
NOTIFICATION
Mumbai, the 4th October, 2017
No. DBR.NBD. (SFB–UMFL).No. 2689/16.13.216/2017-2018.—In pursuance of clause (a) of
sub- section (6) of Section 42 of Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India
directs the inclusion in the Second Schedule to the said Act of the following bank, namely:
Utkarsh Small Finance Bank Limited
S-24/1-2, First Floor, Mahavir Nagar
Orderly Bazar, Near Mahavir Mandir
Varanasi – 221002
Uttar Pradesh
SUDARSHAN SEN, Executive Director
[ADVT.-III/4/Exty./299/17]
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.