MANU/RMIC/0078/2016

Ministry : Reserve Bank of India

Department/Board : Department of Banking Regulation

Circular No. : DBR.No.Ret.BC.100/12.07.124A/2015-2016
                   RBI/2015-2016/404

Date : 19.05.2016

All Scheduled Commercial Banks

Dear Sir,

Cessation of UBS AG as a banking company within the meaning of sub-section (2) of Section 36(A) of the Banking Regulation Act, 1949

We advise that the "UBS AG" has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 vide Notification DBR.IBD.No.7715/23.13.062/2015-16 dated January 12, 2016 and published in the Gazette of India (Part III-Section 4) dated February 27 - March 04, 2016.

Yours faithfully,
(M. G. Suprabhat)
Deputy General Manager