In pursuance of clause c of sub section 6 of Section 42 of the Reserve Bank of India Act

## Policy Analysis Report: Amendment to the Reserve Bank of India Act, 1934 **1. Executive Summary:** This report analyzes an amendment to the Second Schedule of the Reserve Bank of India Act, 1934, as published in the Gazette of India on May 16, 2025. The amendment substitutes "North East Small Finance Bank Limited" with "slice Small Finance Bank Limited." This change likely reflects a rebranding or acquisition within the small finance banking sector. This report provides an overview of the amendment, its rationale, the specific change, affected stakeholders, and anticipated impact. **2. Introduction:** This report aims to provide a clear and concise analysis of the amendment to the Reserve Bank of India Act, 1934, based solely on the information contained within the provided policy text. The analysis focuses on the nature of the amendment, its implications, and the stakeholders affected. **3. Policy Overview:** * **Amendment To:** The Second Schedule to the Reserve Bank of India Act, 1934. * **Core Objective(s):** To update the Second Schedule of the Reserve Bank of India Act, 1934 to reflect changes in the names of entities listed within it, specifically concerning Small Finance Banks. **4. Background and Rationale:** * **Amendment Rationale:** The amendment likely reflects a change in the name of a Small Finance Bank. The substitution of "North East Small Finance Bank Limited" with "slice Small Finance Bank Limited" suggests a rebranding exercise, a merger, or an acquisition of North East Small Finance Bank Limited by Slice. The amendment ensures the accuracy and currency of the Second Schedule of the Reserve Bank of India Act, 1934, which is crucial for regulatory purposes. **5. Key Provisions / Changes:** * **Specific Change:** The amendment substitutes the phrase "North East Small Finance Bank Limited" with "slice Small Finance Bank Limited" in the Second Schedule of the Reserve Bank of India Act, 1934. * **Part of Original Policy Changed:** The Second Schedule of the Reserve Bank of India Act, 1934. This schedule likely lists approved banks and financial institutions. * **New Rule/Provision:** The updated Second Schedule now includes "slice Small Finance Bank Limited" in place of "North East Small Finance Bank Limited." * **Difference/Effect of the Change:** This change reflects that "North East Small Finance Bank Limited" either no longer exists under that name, or is now known as "slice Small Finance Bank Limited." This affects regulatory reporting, compliance, and other administrative functions where the correct legal name of the financial institution is required. **6. Target Audience and Stakeholders:** Based on the provided text, the directly affected stakeholders include: * **slice Small Finance Bank Limited:** The bank whose name is being added to the schedule. * **Reserve Bank of India:** The regulatory body responsible for maintaining the accuracy of the Second Schedule. * **Other financial institutions:** That need to engage with the updated entity. * **Customers of both banks (especially the former North East Small Finance Bank Limited):** Who may need to understand the name change for banking purposes. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Reserve Bank of India (RBI) is responsible for implementing this change, as indicated by the notification issued by R. Lakshmi Kanth Rao, Executive Director, RBI. * **Timelines or Procedures:** The amendment is effective from the date of notification, May 14, 2025, as stated in the Gazette of India publication date. Further procedures are not specified within the provided text but would likely involve internal updates to RBI systems and communication with relevant stakeholders. **8. Expected Outcomes / Impact of Changes:** The primary intended outcome of this amendment is to ensure the accuracy of the Second Schedule of the Reserve Bank of India Act, 1934. This accuracy is crucial for regulatory compliance, reporting, and other operational aspects within the financial sector. The change will ensure that all parties interacting with "slice Small Finance Bank Limited" are using the correct legal name for all official purposes. The amendment itself should facilitate smoother regulatory processes and ensure clarity in financial transactions. **9. Conclusion:** The amendment to the Second Schedule of the Reserve Bank of India Act, 1934, substituting "North East Small Finance Bank Limited" with "slice Small Finance Bank Limited," is a significant update that reflects changes in the Small Finance Banking sector. This change ensures that regulatory documents and processes accurately reflect the current status of the financial institution. The prompt implementation of this amendment is crucial for maintaining the integrity and efficiency of the financial regulatory framework.

Key Entities Referenced