MANU/RMIC/0047/2019
Ministry : Reserve Bank of India
Department/Board : Department of Banking Regulation
Circular No. : DBR.No.Ret.BC.36/12.06.096/2018-2019
RBI/2018-2019/169
Date : 16.04.2019
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