Oman International Bank renamed HSBC Bank Oman in RBI Schedule
Current · Source: Reserve Bank of India · RBI/2012-13/320 · issued 10 Dec 2012 · ~1 min read
Quick answerRBI has officially changed the name of 'Oman International Bank S.A.O.G' to 'HSBC Bank Oman S.A.O.G' in the Second Schedule to the RBI Act, 1934, effective from a notification dated September 26, 2012.
The rule, in the simplest words
The RBI has changed the name of 'Oman International Bank S.A.O.G' to 'HSBC Bank Oman S.A.O.G' in the Second Schedule to the RBI Act, 1934.
This change is effective from a notification dated September 26, 2012, and was published in the Gazette of India on October 20, 2012.
Scheduled commercial banks in India and their departments (treasury, correspondent banking) need to update their internal systems and records to reflect the new name.
How it plays out — a real example
As a branch operations officer in Mumbai, Rohan needs to update the bank's internal records to reflect the new name 'HSBC Bank Oman S.A.O.G' for any transactions or references to Oman International Bank S.A.O.G. He informs his treasury team and correspondent banking department about the name change to ensure accurate processing and reporting.
What changed
The name of the bank in the Second Schedule to the RBI Act, 1934 has been altered from 'Oman International Bank S.A.O.G' to 'HSBC Bank Oman S.A.O.G'. This change was effected by a notification dated September 26, 2012, which was published in the Gazette of India on October 20, 2012.
What it means for you
For Indian banks and lenders, this is a routine administrative update reflecting a corporate rebranding. It ensures that all regulatory references and statutory records align with the new name, avoiding any confusion in interbank transactions or reporting. No operational or compliance changes are required beyond updating internal records.
What you must do
Update your internal systems and databases to reflect the new name 'HSBC Bank Oman S.A.O.G' for this entity.
Inform relevant departments (e.g., treasury, correspondent banking) about the name change to ensure accurate processing.
Review any existing agreements or references to the old name and update them as necessary.
Who it affects
Scheduled commercial banks in India, Correspondent banking teams, Treasury and operations departments
❓ Common questions
Does this name change affect any regulatory obligations for Indian banks?
No, this is purely a name change in the Second Schedule. All existing regulatory obligations and relationships with the bank remain unchanged.
When did this name change take effect?
The change was notified by RBI on September 26, 2012, and published in the Gazette of India on October 20, 2012.
📜 Read the original circular — full text as issued by RBI
RBI/2012-13/320
DBOD.No.Ret.BC.64 /12.07.071/2012-13
December 10, 2012
All Scheduled Commercial Banks
Dear Sir
Alteration in the name of "Oman International Bank S.A.O.G"
to "HSBC Bank Oman S.A.O.G" in the Second Schedule to
the Reserve Bank of India Act, 1934
We advise that the name of "Oman International Bank S.A.O.G" has been changed to "HSBC Bank Oman S.A.O.G" in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification DBOD.IBD.No.4591/23.13.030/2012-13 dated September 26, 2012 , published in the Gazette of India (Part III-Section 4) dated October 20, 2012.
Yours faithfully
(Sujata Lal)
General Manager
DBOD.IBD.No.4591/23.13.030/2012-13
September 26, 2012
NOTIFICATION
In pursuance of Clause (c) 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 following alterations shall be made in the Second Schedule to the said Act namely:-
For the words “ Oman International Bank S.A.O.G .” the words “ HSBC Bank Oman S.A.O.G .” shall be substituted.
(B. Mahapatra)
Executive Director
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2012-13/320 · issued 10 Dec 2012. The plain-English explanation above is BankPulse’s own independent summary.
Update your internal systems and databases to reflect the new name 'HSBC Bank Oman S.A.O.G' for this entity.
📜 Compliance
Inform relevant departments (e.g., treasury, correspondent banking) about the name change to ensure accurate processing.
Review any existing agreements or references to the old name and update them as necessary.
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 (Scheduled commercial banks in India, Correspondent banking teams, Treasury and operations departments), your first concrete step on “Oman International Bank renamed HSBC Bank Oman in RBI Schedule” is: “Update your internal systems and databases to reflect the new name 'HSBC Bank Oman S.A.O.G' for this entity.” (RBI issued this 10 Dec 2012).
Circular: RBI/2012-13/320 -- Oman International Bank renamed HSBC Bank Oman in RBI Schedule
Issued: 10 Dec 2012
Action required: Update your internal systems and databases to reflect the new name 'HSBC Bank Oman S.A.O.G' for this entity.
Action required: Inform relevant departments (e.g., treasury, correspondent banking) about the name change to ensure accurate processing.
Action required: Review any existing agreements or references to the old name and update them as necessary.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
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.
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=7738&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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