Home › Circulars › RBI/2008-09/410

UBS AG Added to RBI Second Schedule

Current · Source: Reserve Bank of India · RBI/2008-09/410 · issued 13 Mar 2009 · ~1 min read
Quick answerRBI added UBS AG to the Second Schedule of the RBI Act, 1934, effective February 6, 2009. This grants the foreign bank scheduled bank status, subjecting it to Indian banking regulations and privileges.
The rule, in the simplest words
How it plays out — a real example

A branch operations officer in Indore, Priya, updates her bank's internal system to mark UBS AG as a scheduled bank. She then reviews the bank's exposure limit to UBS AG, ensuring it stays within RBI's prudential norms, and reminds her team to include UBS AG in their daily SLR and CRR compliance checks.

What changed

RBI notified that UBS AG's name was included in the Second Schedule to the RBI Act, 1934, via a notification dated February 6, 2009, published in the Gazette of India on February 21, 2009. This circular, issued on March 13, 2009, informs all scheduled commercial banks of this inclusion.

What it means for you

UBS AG now qualifies as a scheduled bank under Indian law, entitling it to facilities like access to RBI's liquidity windows and interbank market participation. For Indian banks, this means UBS AG is a recognized counterparty subject to RBI's prudential norms, impacting exposure limits and reporting.

What you must do

Who it affects

All scheduled commercial banks in India, Foreign banks operating in India, Treasury and risk management departments

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What does inclusion in the Second Schedule mean for UBS AG?

It grants UBS AG scheduled bank status, allowing it to access RBI's refinance facilities, participate in the interbank market, and be subject to RBI's regulatory framework for scheduled banks.

Does this circular require any immediate action from Indian banks?

Yes, banks should update their records to recognize UBS AG as a scheduled bank and ensure compliance with exposure and reporting norms applicable to such entities.

Is this notification still relevant today?

The notification is historical (2009), but it establishes UBS AG's scheduled bank status, which remains relevant for ongoing regulatory compliance and counterparty recognition.

📜 Read the original circular — full text as issued by RBI
Notifications - Reserve Bank of India Skip to main content Selected Selected Change Language हिंदी Search the Website Search Home About Us ▼ About Us Organisation & Functions ▶ Organisation Structure Departments Offices Training Establishment ▶ College of Agricultural Banking Reserve Bank Staff College College of Supervisors RBI's Functions and Working Governors Deputy Governors Executive Directors Communication Policy of RBI Sources of Information ▶ Annual Publications Half-yearly Publications Quarterly Publications Monthly Publications Weekly Publications Occasional Publications SDDS NSDP Data Releases Publications available on Subscription General Information RBI History Museum ▶ The RBI Museum RBI Monetary Museum Notification ▼ Notifications Master Directions Master Circulars Amendment Directions Draft Notifications/Guidelines ▶ Draft Notifications/Guidelines Draft Directions (RE-wise) Index To RBI Circulars Standalone Circulars Circulars Withdrawn Press Releases Speeches & Media Interactions ▼ Speeches Media Interactions Memorial Lectures Podcasts Publications ▼ Biennial Annual Half-Yearly Quarterly Bi-monthly Monthly Weekly Occasional Reports Working Papers Legal Framework ▼ Act Rules Regulations Schemes Research ▼ External Research Schemes RBI Occasional Papers Working Papers RBI Bulletin History DRG Studies KLEMS State Statistics and Finances Statistics ▼ Data Releases Database on Indian Economy Public Debt Statistics Regulatory Reporting ▼ List of Returns Data Definition Validation rules/ Taxonomy List of RBI Reporting Portals FAQs of RBI Reporting Portals Home Notifications Notifications ( 46 kb ) Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934-UBS AG. RBI/2008-09/410 DBOD. Ret. BC.115/12.01.001/2008-09 March 13, 2009 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934-UBS AG. We advise that the name of “UBS AG” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD IBD. No. 13064/23.13.062/2008-09 dated February 6, 2009 published in the Gazette of India (Part III –Section 4) dated February 21, 2009. Yours faithfully, (P.K. Mahapatra) General Manager 2026 All Months January February March April May June July August September October November December 2025 All Months January February March April May June July August September October November December 2024 All Months January February March April May June July August September October November December 2023 All Months January February March April May June July August September October November December 2022 All Months January February March April May June July August September October November December 2021 All Months January February March April May June July August September October November December 2020 All Months January February March April May June July August September October November December 2019 All Months January February March April May June July August September October November December 2018 All Months January February March April May June July August September October November December 2017 All Months January February March April May June July August September October November December Archives 2016 All Months January February March April May June July August September October November December 2015 All Months January February March April May June July August September October November December 2014 All Months January February March April May June July August September October November December 2013 All Months January February March April May June July August September October November December 2012 All Months January February March April May June July August September October November December 2011 All Months January February March April May June July August September October November December 2010 All Months January February March April May June July August September October November December 2009 All Months January February March April May June July August September October November December 2008 All Months January February March April May June July August September October November December 2007 All Months January February March April May June July August September October November December 2006 All Months January February March April May June July August September October November December 2005 All Months January February March April May June July August September October November December 2004 All Months January February March April May June July August September October November December 2003 All Months January February March April May June July August September October November December 2002 All Months January February March April May June July August September October November December 2001 All Months January February March April May June July August September October November December 2000 All Months January February March April May June July August September October November December 1999 All Months January February March April May June July August September October November December 1998 All Months January February March April May June July August September October November December 1997 All Months January February March April May June July August September October November December 1996 All Months January February March April May June July August September October November December 1995 All Months January February March April May June July August September October November December 1994 All Months January February March April May June July August September October November December 1993 All Months January February March April May June July August September October November December 1992 All Months January February March April May June July August September October November December 1991 All Months January February March April May June July August September October November December Top Back to previous page More Links : Bank Holidays Banking Glossary Citizen's Charter Complaints Contact Us COVID-19 Measures E-LMS Events FAQs Financial Education Forms IFSC/MICR Codes Important Websites Opportunities @ RBI RBI Clarifications RBI Kehta Hai RBI’s Vision and Values (1257 kb)--> Right to Information Act Tenders Follow RBI RSS Twitter YouTube Instagram Facebook LinkedIn
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2008-09/410 · issued 13 Mar 2009. The plain-English explanation above is BankPulse’s own independent summary.
🧰 Tools — save, print, templates & related
Most relevant forCompliance TeamTreasury Team / ALMRisk ManagementSenior Management / BoardInternal AuditIT & Cyber Security
🛠 Banker’s toolkit — checklists & reply templates →
Related circulars · Department of Regulation
SFB Pillar 3 Disclosure Norms Aligned with BaselUCB Deposit Rate Disclosure & Uniformity Rules UpdatedLAB Deposit Rate Disclosure & Uniformity Rules TightenedPayments Banks: Interest Rates Must Match Disclosed ScheduleRBI Updates Bulk Deposit Rate Rules and Disclosure Timing
Browse all departments →
Who does what — compliance checklist
🏦 Branch Manager
  • Review exposure limits and counterparty risk assessments for UBS AG under RBI guidelines.
📜 Compliance
  • Update your internal records to reflect UBS AG as a scheduled bank for regulatory reporting.
  • Ensure compliance with SLR and CRR requirements if dealing with UBS AG as a scheduled bank.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (All scheduled commercial banks in India, Foreign banks operating in India, Treasury and risk management departments), your first concrete step on “UBS AG Added to RBI Second Schedule” is: “Update your internal records to reflect UBS AG as a scheduled bank for regulatory reporting.” (RBI issued this 13 Mar 2009).

  1. Circular: RBI/2008-09/410 -- UBS AG Added to RBI Second Schedule
  2. Issued: 13 Mar 2009
  3. Action required: Update your internal records to reflect UBS AG as a scheduled bank for regulatory reporting.
  4. Action required: Review exposure limits and counterparty risk assessments for UBS AG under RBI guidelines.
  5. Action required: Ensure compliance with SLR and CRR requirements if dealing with UBS AG as a scheduled bank.
  6. Owner: ____________ Target date: ____________
  7. Board/committee approval needed? Y / N
  8. Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

💬 Banker Discussion

Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.

Loading comments…
BankPulse Compliance Evidence Pack — generated 05 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=4890&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
—