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DCB Bank Name Change Officially Recorded in RBI Schedule

Current · Source: Reserve Bank of India · RBI/2013-14/442 · issued 10 Jan 2014 · ~1 min read
Quick answerRBI notified that Development Credit Bank Limited was renamed DCB Bank Limited in the Second Schedule to the RBI Act, effective October 24, 2013. This formalizes the bank's new name for all regulatory and legal purposes.
The rule, in the simplest words
How it plays out — a real example

A credit & lending officer in Indore, Priya, receives a payment instruction from her head office to settle an interbank transaction. She checks her system and sees the old name 'Development Credit Bank Limited' still listed. Remembering the RBI notification, she updates her system to 'DCB Bank Limited' before processing the payment, ensuring the transaction goes through smoothly without any delays.

What changed

The name 'Development Credit Bank Limited' was changed to 'DCB Bank Limited' in the Second Schedule to the Reserve Bank of India Act, 1934. The change took effect from October 24, 2013, and was published in the Gazette of India on December 28, 2013.

What it means for you

For banks and lenders, this is a routine administrative update confirming the legal name change of a scheduled commercial bank. It ensures that all references in regulatory filings, interbank transactions, and official records use the new name. No operational or policy impact on other banks.

What you must do

Who it affects

DCB Bank Limited, Scheduled commercial banks dealing with DCB Bank, Regulatory reporting teams

❓ 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 change to DCB Bank Limited took effect from October 24, 2013.

Why was this notification issued?

To formally record the name change in the Second Schedule to the RBI Act, making it official for all regulatory purposes.

Does this affect other banks' operations?

No, it is a name update for DCB Bank only. Other banks need only update their records for accurate referencing.

📜 Read the original circular — full text as issued by RBI
RBI/2013-14/442 Ref.DBOD.No.Ret.BC /83/12.06.097/2013-14 January 10, 2014 All Scheduled Commercial Banks Dear Sir Alteration in the name of "Development Credit Bank Limited" to "DCB Bank Limited " in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the name of " Development Credit Bank Limited ” has been changed to " DCB Bank Limited " in the Second Schedule to the Reserve Bank of India Act, 1934 w.e.f. October 24, 2013 vide Notification DBOD.PSBD No. 10131/16.01.132/2013-14 dated November 25, 2013 and published in the Gazette of India (Part III Section 4) dated December 28, 2013. Yours faithfully (Sujata Lal) General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/442 · issued 10 Jan 2014. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
⚙️ Operations
  • Ensure all interbank communications, settlements, and reporting use the new name.
💻 IT / Systems
  • Update internal systems and records to reflect DCB Bank Limited as the correct name.
📜 Compliance
  • Verify that any standing instructions or references to the old name are updated.
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 (DCB Bank Limited, Scheduled commercial banks dealing with DCB Bank, Regulatory reporting teams), your first concrete step on “DCB Bank Name Change Officially Recorded in RBI Schedule” is: “Update internal systems and records to reflect DCB Bank Limited as the correct name.” (RBI issued this 10 Jan 2014).

  1. Circular: RBI/2013-14/442 -- DCB Bank Name Change Officially Recorded in RBI Schedule
  2. Issued: 10 Jan 2014
  3. Action required: Update internal systems and records to reflect DCB Bank Limited as the correct name.
  4. Action required: Ensure all interbank communications, settlements, and reporting use the new name.
  5. Action required: Verify that any standing instructions or references to the old name are updated.
  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=8687&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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