Exclusion of DBS Bank Ltd from the IInd Schedule of the RBI Act, 1934

Exclusion of DBS Bank Ltd from the IInd Schedule of the RBI Act, 1934 RBI/2018-19/169 DBR.No.Ret.BC.36/12.06.096/2018-19 April 16, 2019 All

CA Deepak Gupta

Apr 17, 2019

Last update on Apr 17, 2019

Exclusion of DBS Bank Ltd from the IInd Schedule of the RBI Act, 1934 RBI/2018-19/169 DBR.No.Ret.BC.36/12.06.096/2018-19 April 16, 2019 All Scheduled Commercial Banks Dear Sir/Madam, Exclusion of DBS Bank Ltd from the Second Schedule of the Reserve Bank of India Act, 1934 Consequent upon setting up of DBS Bank India Limited as a Wholly Owned Subsidiary of DBS Bank Ltd, it has been decided to exclude DBS Bank Ltd from the Second Schedule of the Reserve Bank of India Act, 1934 vide Notification DBR.IBD.No.7336/23.13.046/2018-19 dated March 06, 2019 and published in the Gazette of India (Part III - Section 4) dated April 06, 2019 April 12, 2019. Yours faithfully (M.G.Suprabhat) Deputy General Manager

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