What changed
The name 'ABN Amro Bank N.V.' has been replaced with 'The Royal Bank of Scotland N.V.' in the Second Schedule to the RBI Act, 1934. This change was notified via a notification dated March 19, 2010, published in the Gazette of India on April 10, 2010.
What it means for you
For banks and lenders, this is a purely administrative name change with no operational or regulatory impact. It reflects the global rebranding of ABN Amro to RBS in India. All references to the bank in regulatory filings and systems should now use the new name.
What you must do
- Update internal records and systems to reflect the new name 'The Royal Bank of Scotland N.V.' for this entity.
- Ensure all regulatory filings, correspondence, and references use the updated name as per the Second Schedule.
- Inform relevant departments (e.g., compliance, legal, operations) about the name change for consistency.
Who it affects
All scheduled commercial banks in India, Regulatory compliance teams, Legal and documentation departments
When did this name change take effect?
The change was notified via a notification dated March 19, 2010, published in the Gazette of India on April 10, 2010. The source does not specify an explicit effective date beyond the notification date.