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RBI/2023-24/79
DoR.REG/LIC.No.55/07.01.000/2023-24
October 30, 2023
Chairman / Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks
All State Co-operative Banks and
All District Central Co-operative Banks
Madam / Dear Sir
Banking Regulation (Amendment) Act 2020 - Change in Name of Co-operative Banks
Pursuant to the notification of the Banking Regulation (Amendment) Act (No. 39 of 2020), Sections 49B and 49C of Banking Regulation Act, 1949 (‘BR Act’) are applicable to Co-operative Banks. In terms of Section 49B, the Central Registrar of Cooperative Societies (CRCS)/Registrar of Cooperative Societies (RCS) shall not signify its approval to the change of name of any co-operative bank unless the Reserve Bank certifies in writing that it has no objection to such change. Further, in terms of Section 49C, no application for the confirmation of the alteration of bye-laws of a co-operative bank shall be maintainable unless Reserve Bank certifies that there is no objection to such alteration.
2. Accordingly, it has been decided to issue guidelines with regard to the procedure to be followed for any change in name by a Co-operative Bank as
RBI/2023-24/79
DoR.REG/LIC.No.55/07.01.000/2023-24
October 30, 2023
Chairman / Managing Director / Chief Executive Officer
All Primary (Urban) Co-operative Banks
All State Co-operative Banks and
All District Central Co-operative Banks
Madam / Dear Sir
Banking Regulation (Amendment) Act 2020 - Change in Name of Co-operative Banks
Pursuant to the notification of the Banking Regulation (Amendment) Act (No. 39 of 2020), Sections 49B and 49C of Banking Regulation Act, 1949 (‘BR Act’) are applicable to Co-operative Banks. In terms of Section 49B, the Central Registrar of Cooperative Societies (CRCS)/Registrar of Cooperative Societies (RCS) shall not signify its approval to the change of name of any co-operative bank unless the Reserve Bank certifies in writing that it has no objection to such change. Further, in terms of Section 49C, no application for the confirmation of the alteration of bye-laws of a co-operative bank shall be maintainable unless Reserve Bank certifies that there is no objection to such alteration.
2. Accordingly, it has been decided to issue guidelines with regard to the procedure to be followed for any change in name by a Co-operative Bank as
পিডিএফ (RBI/2023-24/58 CO.DPSS.POLC.No.S-567/02-23-001/2023-2024 September 04, 2023 (Updated as on February 12, 2025) The Managing Director / Chief Executive Officer Scheduled Commercial Banks (excluding Payment Banks, Small Finance Banks 1 and Regional Rural Banks) Madam / Dear Sir, Operation of Pre-Sanctioned Credit Lines at Banks through Unified Payments Interface (UPI) Please refer to the Statement on Developmental and Regulatory Policies dated April 06, 2023 and December 06, 2024, expanding the scope of UPI by enabling transfer to / from pre-sanctioned credit lines at banks. Currently, savings account, overdraft account, prepaid wallets and credit cards can be linked to UPI. As announced, the scope of UPI is now being expanded by inclusion of credit lines as a funding account.
RBI/2023-24/58 CO.DPSS.POLC.No.S-567/02-23-001/2023-2024 September 04, 2023 (Updated as on February 12, 2025) The Managing Director / Chief Executive Officer Scheduled Commercial Banks (excluding Payment Banks, Small Finance Banks 1 and Regional Rural Banks) Madam / Dear Sir, Operation of Pre-Sanctioned Credit Lines at Banks through Unified Payments Interface (UPI) Please refer to the Statement on Developmental and Regulatory Policies dated April 06, 2023 and December 06, 2024, expanding the scope of UPI by enabling transfer to / from pre-sanctioned credit lines at banks. Currently, savings account, overdraft account, prepaid wallets and credit cards can be linked to UPI. As announced, the scope of UPI is now being expanded by inclusion of credit lines as a funding account.
RBI/2023-24/57
CO.DPSS.POLC.No.S526/02-14-003/2023-24 August 24, 2023 The Chairman / Managing Director / Chief Executive Officer
Authorised Payment System Operators and Participants (Banks and Non-banks)
RBI/2023-24/57
CO.DPSS.POLC.No.S526/02-14-003/2023-24 August 24, 2023 The Chairman / Managing Director / Chief Executive Officer
Authorised Payment System Operators and Participants (Banks and Non-banks)
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