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ANZ Bank Added to RBI Second Schedule

Current · Source: Reserve Bank of India · RBI/2011-12/163 · issued 30 Aug 2011 · ~1 min read
Quick answerRBI has included Australia and New Zealand Banking Group Limited in the Second Schedule of the RBI Act, 1934, making it a scheduled bank. This grants ANZ the same regulatory status as other scheduled commercial banks in India.
The rule, in the simplest words
How it plays out — a real example

A compliance officer at a public sector bank in Mumbai updates the internal system to mark ANZ as a scheduled bank. She then checks that her bank's loans to ANZ stay within the allowed limit and that the correct cash reserves are kept for transactions with ANZ, ensuring everything follows RBI rules.

What changed

RBI notified that Australia and New Zealand Banking Group Limited has been added to the Second Schedule of the RBI Act, 1934, effective from June 7, 2011. The notification was published in the Gazette of India on July 9, 2011.

What it means for you

ANZ now qualifies as a scheduled bank under Indian law, entitling it to borrow from RBI at the bank rate and access other central banking facilities. For Indian banks, this means ANZ becomes a counterparty with the same regulatory standing, impacting interbank transactions and reserve requirements.

What you must do

Who it affects

Scheduled commercial banks in India, Australia and New Zealand Banking Group Limited, RBI's Department of Banking Operations and Development

❓ 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 ANZ?

It means ANZ is now a scheduled bank under the RBI Act, eligible for RBI facilities like borrowing at the bank rate and maintaining statutory reserves.

Does this change affect how Indian banks should treat ANZ?

Yes, Indian banks must now treat ANZ as a scheduled bank for regulatory purposes, including exposure limits and reserve requirements.

📜 Read the original circular — full text as issued by RBI
RBI/2011-12/163 Ref: DBOD.No.Ret. BC.29/12.06.130/2011-12 August 30, 2011 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Australia and New Zealand Banking Group Limited We advise that the name of “ Australia and New Zealand Banking Group Limited ” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DBOD.IBD.No.19042/23.03.024/2010-11 dated June 07, 2011, published in the Gazette of India (Part III – Section 4) dated July 09, 2011. Yours faithfully, (P.K.Mahapatra) General Manager DBOD.IBD.No.19042 /23.03.024/2010-11 June  7, 2011 Notification In pursuance of Clause (a) of sub-section (6) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs the inclusion in the Second Schedule to the said Act of the following bank namely: “Australia and New Zealand Banking Group Limited” (R. Gandhi) Executive Director
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2011-12/163 · issued 30 Aug 2011. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
🏦 Branch Manager
  • Review counterparty limits and exposure norms for ANZ as a scheduled bank.
📜 Compliance
  • Update internal records to reflect ANZ's scheduled bank status for regulatory reporting.
  • Ensure compliance with SLR and CRR requirements when dealing with ANZ.
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 (Scheduled commercial banks in India, Australia and New Zealand Banking Group Limited, RBI's Department of Banking Operations and Development), your first concrete step on “ANZ Bank Added to RBI Second Schedule” is: “Update internal records to reflect ANZ's scheduled bank status for regulatory reporting.” (RBI issued this 30 Aug 2011).

  1. Circular: RBI/2011-12/163 -- ANZ Bank Added to RBI Second Schedule
  2. Issued: 30 Aug 2011
  3. Action required: Update internal records to reflect ANZ's scheduled bank status for regulatory reporting.
  4. Action required: Review counterparty limits and exposure norms for ANZ as a scheduled bank.
  5. Action required: Ensure compliance with SLR and CRR requirements when dealing with ANZ.
  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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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6691&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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