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Dhanalakshmi Bank renamed Dhanlaxmi Bank in RBI Schedule

Current · Source: Reserve Bank of India · RBI/2010-11/412 · issued 01 Mar 2011 · ~1 min read
Quick answerRBI officially changed the bank's name from 'The Dhanalakshmi Bank Limited' to 'Dhanlaxmi Bank Limited' in the Second Schedule of the RBI Act, effective August 10, 2010. This notification formalized the name change for all regulatory purposes.
The rule, in the simplest words
How it plays out — a real example

A compliance officer at a public sector bank in Mumbai receives the RBI circular. She immediately updates her bank's internal system to show 'Dhanlaxmi Bank Limited' instead of the old name, and emails her team to check any pending contracts or fund transfers that still use the old name, ensuring no errors in interbank transactions.

What changed

RBI notified that the name 'The Dhanalakshmi Bank Limited' has been replaced with 'Dhanlaxmi Bank Limited' in the Second Schedule to the RBI Act, 1934. The change was effective from August 10, 2010, as per notification dated November 03, 2010, published in the Gazette of India (Part III- Section 4) on January 1, 2011.

What it means for you

This is a routine administrative update reflecting the bank's legal name change in RBI's official records. For other banks and lenders, it means updating any internal systems, contracts, or references that use the old name to avoid discrepancies in regulatory filings or interbank transactions.

What you must do

Who it affects

All scheduled commercial banks in India, Dhanlaxmi Bank Limited (formerly The Dhanalakshmi Bank Limited), Banking operations and compliance teams handling interbank transactions

❓ Common questions

Regulatory timeline

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

When did the name change become effective?

The name change was effective from August 10, 2010, as per the RBI notification.

Do I need to update my bank's records for this change?

Yes, if your bank has any references to 'The Dhanalakshmi Bank Limited' in contracts, systems, or regulatory filings, you should update them to 'Dhanlaxmi Bank Limited' to ensure accuracy.

📜 Read the original circular — full text as issued by RBI
RBI/2010-11/412 Ref.DBOD.No.Ret.BC/ 82 /12.07.037/2010-11 March 01, 2011 All Scheduled Commercial Banks Dear Sir, Alteration in the name of 'The Dhanalakshmi Bank Limited' to 'Dhanlaxmi Bank Limited' in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the name of 'The Dhanalakshmi Bank Limited' has been changed to 'Dhanlaxmi Bank Limited' in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DBOD.PSBD.No. 7516/16.01.061/2010-11 dated November 03, 2010 , published in the Gazette of India (Part III- Section 4) dated January 01, 2011. Yours faithfully, (P. K. Mahapatra) General Manager DBOD.PSBD.No.7516/16.01.061/2010-11  November 03 , 2010 NOTIFICATION In pursuance of clause ( c ) of sub- section (6) of Section 42 of Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs that the following alterations shall be made with effect from August 10, 2010 in the Second Schedule to the said Act namely :- For the words "THE DHANALAKSHMI BANK LIMITED' the words 'DHANLAXMI BANK LIMITED' shall be substituted. (Anand Sinha) Executive Director
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/412 · issued 01 Mar 2011. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
⚙️ Operations
  • Inform your operations and compliance teams about this change to avoid errors in regulatory submissions or fund transfers.
💻 IT / Systems
  • Update your internal databases and systems to reflect the new name 'Dhanlaxmi Bank Limited' for all interbank transactions and reporting.
📜 Compliance
  • Review and amend any existing contracts, agreements, or correspondence referencing the old name to ensure legal consistency.
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template

Example: if you are an IT/Systems lead at a bank this circular applies to (All scheduled commercial banks in India, Dhanlaxmi Bank Limited (formerly The Dhanalakshmi Bank Limited), Banking operations and compliance teams handling interbank transactions), your first concrete step on “Dhanalakshmi Bank renamed Dhanlaxmi Bank in RBI Schedule” is: “Update your internal databases and systems to reflect the new name 'Dhanlaxmi Bank Limited' for all interbank transactions and reporting.” (RBI issued this 01 Mar 2011).

  1. Circular: RBI/2010-11/412 -- Dhanalakshmi Bank renamed Dhanlaxmi Bank in RBI Schedule
  2. Issued: 01 Mar 2011
  3. Action required: Update your internal databases and systems to reflect the new name 'Dhanlaxmi Bank Limited' for all interbank transactions and reporting.
  4. Action required: Review and amend any existing contracts, agreements, or correspondence referencing the old name to ensure legal consistency.
  5. Action required: Inform your operations and compliance teams about this change to avoid errors in regulatory submissions or fund transfers.
  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.

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BankPulse Compliance Evidence Pack — generated 03 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=6271&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.
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