**Summary:**
On November 18, 2019, the Reserve Bank of India (RBI) issued a notification (DOR.No.Recon.Div.2410.03.200201920) to all Scheduled Commercial Banks regarding the liquidation of Aditya Birla Idea Payments Bank Limited. The Hon'ble Bombay High Court approved the voluntary winding up application on September 18, 2019, and appointed Shri Vijaykumar V. Iyer, Senior Director of Deloitte Touche Tohmatsu India LLP, as the Liquidator. Further inquiries can be directed to Dr. S. K. Kar, Chief General Manager, Department of Regulation, Central Office, 5th floor, Amar Building, Sir P.M. Road, Mumbai – 400001. The contact number is 022-22603000.
Key Entities Referenced
Reserve Bank of India: The central bank of India, the primary regulator in this notification.
Aditya Birla Idea Payments Bank Limited: A payments bank that is undergoing voluntary liquidation.
Bombay High Court: The High Court that passed the order for the liquidation of Aditya Birla Idea Payments Bank Limited.
Vijaykumar V. Iyer: Senior Director of Deloitte Touche Tohmatsu India LLP, appointed as the Liquidator of Aditya Birla Idea Payments Bank Limited.
Deloitte Touche Tohmatsu India LLP: The firm employing the liquidator appointed for Aditya Birla Idea Payments Bank Limited.
Mumbai, Maharashtra: City in India where the Reserve Bank of India, Central Office is located.
All Scheduled Commercial Banks: Addressee for the notification regarding the liquidation of Aditya Birla Idea Payments Bank Limited.
Department of Regulation: The department within the Reserve Bank of India issuing the notification.
भारतीय �रज़व र् बक�
______________________RESERVE BANK OF INDIA ______________________
www.rbi.org.in
RBI/2019-20/99
DOR.No.Recon.Div.24/10.03.200/2019-20 November 18, 2019
All Scheduled Commercial Banks
Dear Sir / Madam
Liquidation of Aditya Birla Idea Payments Bank Limited
We advise that on a voluntarily winding up application by Aditya Birla Idea Payments Bank
Limited, the Hon’ble Bombay High Court has passed an order on September 18, 2019 and
has appointed Shri Vijaykumar V. Iyer, Senior Director of Deloitte Touche Tohmatsu India
LLP as the Liquidator of Aditya Birla Idea Payments Bank Limited.
Yours faithfully
(Dr. S K Kar)
Chief General Manager
___________________________________________________________________________________________________________________
िविनयमन िवभाग, क��ीय कायार्लय, 5व� मंिजल, अमर भवन, सर पी एम रोड, मुंबई 400001
Department of Regulation, Central Office, 5th floor, Amar Building, Sir P.M. Road, Mumbai – 400001. Tel No: 022-22603000
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