RBI granted Bank of China to offer regular banking services in India

RBI granted Bank of China to offer regular banking services in India

  • The Reserve bank of India has included Bank of China in the second schedule of RBI Act. Now the bank can provide regular banking services in India. Some other decisions by RBI include:

  • “Jana Small Finance Bank Limited” has been included in the Second Schedule of the Reserve Bank of India Act, 1934.
  • “National Australia Bank” excluded from the Second Schedule of the Reserve Bank of India Act, 1934
  • Name of “The Royal Bank of Scotland plc” altered to “NatWest Markets Plc” in the Second Schedule to the Reserve Bank of India Act, 1934

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