**Policy Summary**
This notification, RBI202122133 DOR.Rur.REC.7031.04.002202122 issued by the Reserve Bank of India (RBI) on November 22, 2021, concerns changes to the Second Schedule of the Reserve Bank of India Act, 1934, specifically related to Regional Rural Banks (RRBs).
The notification, DOR.Rur.S176531.04.002202122 dated October 12, 2021, which was published in the Extraordinary Gazette of India Part III Section 4 dated November 12, 2021, directs the following:
* **Inclusion:** Baroda UP Bank has been added to the Second Schedule of the RBI Act, 1934.
* **Exclusion:** Baroda Uttar Pradesh Gramin Bank, Gorakhpur, Uttar Kashi Gomti Samyut Gramin Bank and Pradesh Purvanchal Bank have been removed from the Second Schedule of the RBI Act, 1934.
This action is taken in exercise of the powers conferred under clauses (a) and (b) of subsection (6) of section 42 of the Reserve Bank of India Act, 1934.
**Contact Information:**
For further information, contact:
Neeraj Nigam
Chief General Manager-in-Charge
Department of Regulation, Central Office
12th-13th Floor, Central Office Building
Shaheed Bhagat Singh Marg, Mumbai - 400001
Tel No: 22601000
Fax No: 022-2270 5670, 2260 5671, 2260 5691, 2260 5692
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Regional Rural Banks: Regional Rural Banks (RRBs) are financial institutions in India that operate at the regional level to provide credit and banking services to rural areas.
Reserve Bank of India Act, 1934: An act of the Indian Parliament that established the Reserve Bank of India as the central bank.
Second Schedule to the Reserve Bank of India Act, 1934: A schedule within the Reserve Bank of India Act, 1934 that lists banks eligible for certain privileges and obligations.
Baroda UP Bank: A Regional Rural Bank in Uttar Pradesh, formed by amalgamation of erstwhile RRBs.
Baroda Uttar Pradesh Gramin Bank: An erstwhile Regional Rural Bank, now merged into Baroda UP Bank.
Uttar Kashi Gomti Samyut Gramin Bank: An erstwhile Regional Rural Bank, now merged into Baroda UP Bank.
Purvanchal Bank: An erstwhile Regional Rural Bank, now merged into Baroda UP Bank.
भारतीय �रज़वर् बक�
RESERVE BANK OF INDIA
RBI/2021-22/133
DOR.Rur.REC.70/31.04.002/2021-22 November 22, 2021
All Regional Rural Banks
Madam/Sir,
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 -
Regional Rural Banks (RRBs)
We advise that the name of Baroda UP Bank has been included to and names of three erstwhile
Regional Rural Banks (RRBs) have been excluded from the Second Schedule to the Reserve Bank
of India Act, 1934, by notification DOR.Rur.S1765/31.04.002/2021-22 dated October 12, 2021
published in the Extraordinary Gazette of India (Part III - Section 4) dated November 12, 2021.
2. Copy of the above notification DOR.Rur.S1765/31.04.002/2021-22 dated October 12, 2021 is
enclosed.
Yours faithfully,
(Neeraj Nigam)
Chief General Manager-in-Charge
Encl: as above
िविनयमन िवभाग, क�द्रीय काया�लय, 12वी ंऔर 13वी ंमंिज़ल, क�द्रीय काया�लय भवन, शहीद भगत िसंह माग�, मुंबई 400001
टेलीफोन /Tel No: 22601000 फै�/ Fax No: 022-2270 5670, 2260 5671, 5691 2270, 2260 5692
Department of Regulation, Central Office, 12th & 13th Floor, Central Office Building, Shaheed Bhagat Singh Marg, Mumbai – 400001
Tel No: 22601000 Fax No: 022-2270 5670, 2260 5671, 5691 2270, 2260 5692
ब�क िहंदी म� पत्राचार का �ागत करता है
Caution: RBI never sends mails, SMSs or makes calls asking for personal information like bank account details, passwords, etc. It never keeps or
offers funds to anyone. Please do not respond in any manner to such offers.DOR.Rur.S1765/31.04.002/2021-22 October 12, 2021
NOTIFICATION
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 Bank indicated below at
column no. [B] in the second schedule of the RBI Act.
Name of the erstwhile Regional Rural Banks Name of new Regional Rural Bank
[A] [B]
Baroda Uttar Pradesh Gramin Bank
Baroda UP Bank, Gorakhpur, Uttar
Kashi Gomti Samyut Gramin Bank
Pradesh
Purvanchal Bank
Sd/-
(Jayant Kumar Dash)
Executive Director