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
- Update internal systems and records to reflect DCB Bank Limited as the correct name.
- Ensure all interbank communications, settlements, and reporting use the new name.
- Verify that any standing instructions or references to the old name are updated.
Who it affects
DCB Bank Limited, Scheduled commercial banks dealing with DCB Bank, Regulatory reporting teams
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.