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REGULATING COMMERCIAL BANKING

Banks are fundamental to the nation's financial system. The central bank has a critical role to play in ensuring the safety and soundness of the banking system-and in maintaining financial stability and public confidence in this system.

(300 kb)
Date : Sep 03, 2020
Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934

RBI/2020-21/30
DOR.No.Ret.BC.10/12.07.150/2020-21

September 03, 2020

All Banks

Madam/Sir

Exclusion of “Westpac Banking Corporation” from the Second Schedule to the Reserve Bank of India Act, 1934

We advise that the “Westpac Banking Corporation” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DOR.IBD.No.99/23.13.138/2020-21 dated July 18, 2020, which is published in the Gazette of India (Part III - Section 4) dated August 22 – August 28, 2020.

Yours faithfully

(Sudhansu Mohan Parida)
General Manager

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