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Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs)

RBI/2020-21/57
DOR.CO RRB.No.25/31.04.002/2020-21

October 20, 2020

All Regional Rural Banks

Dear Sir/Madam,

Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934 - Regional Rural Banks (RRBs)

We advise that the names of ten amalgamated Regional Rural Banks have been included and names of 21 erstwhile Regional Rural Banks (RRBs) have been excluded to/from the Second Schedule to the Reserve Bank of India Act, 1934, respectively, by Notification DOR.CO.RRB.No.138/31.04.002/2020-21 and DOR.CO.RRB.No.139/31.04.002/2020-21 dated July 27, 2020 published in the Extraordinary Gazette of India (Part III - Section 4) dated October 19, 2020.

2. Copies of the above two notifications DOR.CO.RRB.No.138/31.04.002/2020-21 and DOR.CO.RRB.No.139/31.04.002/2020-21 dated July 27, 2020 are enclosed.

3. Please acknowledge receipt to our Regional Office concerned.

Yours faithfully,

(Thomas Mathew)
Chief General Manager

Encl: as above


DOR.CO.RRB.No.138/31.04.002/2020-21

July 27, 2020

NOTIFICATION

Whereas the Central Government in exercise of the powers conferred by sub-section (1) of section 23A of the Regional Rural Banks Act, 1976, has vide:-

  1. Notification no. S.O. 6255 (E) dated December 21, 2018, amalgamated Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank (hereinafter referred to as “the transferor Regional Rural Banks”) into a single Regional Rural Bank, which shall be called as Punjab Gramin Bank (hereinafter referred to as “the transferee Regional Rural Bank”), with its head office at Kapurthala, with effect from January 1, 2019;

  2. Notification no. S.O. 985(E) dated February 22, 2019, amalgamated Assam Gramin Vikash Bank and Langpi Dehangi Rural Bank (hereinafter referred to as “the transferor Regional Rural Banks”) into a single Regional Rural Bank, which shall be called as Assam Gramin Vikash Bank (hereinafter referred to as “the transferee Regional Rural Bank”), with its head office at Guwahati, with effect from April 1, 2019; and

  3. Notification no. S.O. 986(E) dated February 22, 2019, amalgamated Baroda Gujarat Gramin Bank and Dena Gujarat Gramin Bank (hereinafter referred to as “the transferor Regional Rural Banks”) into a single Regional Rural Bank which shall be called as Baroda Gujarat Gramin Bank (hereinafter referred to as “the transferee Regional Rural Bank”), with its head office at Vadodara, with effect from April 1, 2019.

In furtherance of the above, in exercise of the powers conferred under clauses (a) and (b) of sub-section (6) of section 42 of the Reserve Bank of India Act, 1934 (hereinafter referred to as “the RBI Act”), the Reserve Bank of India, hereby, directs the exclusion of the aforesaid transferor Regional Rural Banks from the second schedule of RBI Act and the inclusion of the aforesaid transferee Regional Rural Banks in the second schedule of the RBI Act.

(Lily Vadera)
Executive Director


DOR.CO.RRB.No.139/31.04.002/2020-21

July 27, 2020

NOTIFICATION

In exercise of the powers conferred under clauses (a) and (b) of sub-section (6) of section 42 of the Reserve Bank of India Act, 1934 (hereinafter referred to as “the RBI Act”), the Reserve Bank of India, hereby, directs the exclusion of the Regional Rural Banks indicated below at column no. [A] from the second schedule of the RBI Act and the inclusion of the Regional Rural Banks indicated below at column no. [B] in the second schedule of the RBI Act.

Name of the erstwhile Regional Rural Banks
[A]
Names of new Regional Rural Banks
[B]
Gramin Bank of AryavartAryavart Bank, Lucknow, Uttar Pradesh
Allahabad UP Gramin Bank
Bihar Gramin BankDakshin Bihar Gramin Bank, Patna, Bihar
Madhya Bihar Gramin Bank
Vananchal Gramin BankJharkhand Rajya Gramin Bank, Ranchi, Jharkhand
Jharkhand Gramin Bank
Pragathi Krishna Gramin BankKarnataka Gramin Bank, Ballari, Karnataka
Kaveri Grameena Bank
Narmada Jhabua Gramin BankMadhya Pradesh Gramin Bank, Indore, Madhya Pradesh
Central Madhya Pradesh Gramin Bank
Sarva U.P. Gramin BankPrathama U.P. Gramin Bank, Moradabad, Uttar Pradesh
Prathama Bank
Pandyan Grama BankTamil Nadu Grama Bank, Salem, Tamil Nadu
Pallavan Grama Bank

(Lily Vadera)
Executive Director