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Rabobank International Added to RBI Second Schedule

Current · Source: Reserve Bank of India · RBI/2011-12/222 · issued 14 Oct 2011 · ~1 min read
Quick answerRBI has included Rabobank International in the Second Schedule of the RBI Act, 1934, via notification dated July 18, 2011, published in the Gazette on July 30, 2011. This grants the bank scheduled bank status.
The rule, in the simplest words
How it plays out — a real example

A branch operations officer in Indore, Mr. Kumar, has to update his records to show that Rabobank International is now a scheduled bank. He also needs to review any existing loans or deals with Rabobank International to make sure they comply with RBI's new rules.

What changed

RBI notified that Rabobank International (Coöperatieve Centrale Raiffeisen – Boerenleenbank B.A.) has been added to the Second Schedule of the RBI Act, 1934. The inclusion was effected via Notification DBOD.IBD.No.948/23.03.027/2011-12 dated July 18, 2011, published in the Gazette of India on July 30, 2011.

What it means for you

This inclusion grants Rabobank International the status of a scheduled commercial bank in India, making it subject to RBI's regulatory framework including CRR and SLR requirements. For other banks, it means an additional competitor in the banking space.

What you must do

Who it affects

All scheduled commercial banks in India, Rabobank International (now a scheduled bank), Banks with interbank dealings or exposure to Rabobank

❓ Common questions

What does inclusion in the Second Schedule mean for Rabobank International?

It means Rabobank International is now a scheduled bank under the RBI Act, 1934, and must comply with all regulatory requirements such as maintaining CRR and SLR.

When did this inclusion take effect?

The notification was issued on July 18, 2011, and published in the Gazette of India on July 30, 2011. The circular advising banks was sent on October 14, 2011.

Does this affect other banks' operations?

Yes, other banks must now treat Rabobank International as a scheduled bank for interbank transactions.

📜 Read the original circular — full text as issued by RBI
RBI/2011-12/222 DBOD. No.Ret. BC. 40 /12.06.131 /2011-12 October 14, 2011 All Scheduled Commercial Banks Dear Sir, Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Rabobank International (Coöperatieve Centrale Raiffeisen – Boerenleenbank B.A.) We advise that the name of “Rabobank International (Coöperatieve Centrale Raiffeisen – Boerenleenbank B.A.)” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DBOD.IBD.No.948/23.03.027/ 2011-12 dated July 18, 2011 , published in the Gazette of India (Part III – Section 4) dated July 30, 2011. Yours faithfully, (P.R.Ravi Mohan) Chief General Manager DBOD.IBD.No.948/23.03.027/2011-12 July 18, 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: “Rabobank International (Coöperatieve Centrale Raiffeisen- Boerenleenbank B.A.)” (B. Mahapatra) Executive Director
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2011-12/222 · issued 14 Oct 2011. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
🏦 Branch Manager
  • Review any existing exposure or counterparty limits with Rabobank International in light of its new regulatory status.
⚙️ Operations
  • Monitor Rabobank's operations in India for potential competitive impact on your bank's agri and corporate lending portfolios.
📜 Compliance
  • Update your internal records to reflect Rabobank International as a scheduled bank for interbank transactions and reporting.
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, Rabobank International (now a scheduled bank), Banks with interbank dealings or exposure to Rabobank), your first concrete step on “Rabobank International Added to RBI Second Schedule” is: “Update your internal records to reflect Rabobank International as a scheduled bank for interbank transactions and reporting.” (RBI issued this 14 Oct 2011).

  1. Circular: RBI/2011-12/222 -- Rabobank International Added to RBI Second Schedule
  2. Issued: 14 Oct 2011
  3. Action required: Update your internal records to reflect Rabobank International as a scheduled bank for interbank transactions and reporting.
  4. Action required: Review any existing exposure or counterparty limits with Rabobank International in light of its new regulatory status.
  5. Action required: Monitor Rabobank's operations in India for potential competitive impact on your bank's agri and corporate lending portfolios.
  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=6763&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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