RRB Schedule Inclusion/Exclusion: 5 New, 11 Old Banks
Current · Source: Reserve Bank of India · RBI/2013-14/474 · issued 29 Jan 2014 · ~1 min read
Quick answerRBI included 5 amalgamated RRBs in the Second Schedule and excluded 11 erstwhile RRBs, via notifications dated October 22, 2013, published in the Extraordinary Gazette of India on December 5, 2013. This formalizes mergers and updates the list of scheduled banks.
The rule, in the simplest words
Five new Regional Rural Banks (Kaveri Grameena Bank, Odisha Gramya Bank, Utkal Grameen Bank, Purvanchal Bank, Vidharbha Konkan Gramin Bank) are now scheduled banks, meaning they can use RBI facilities and enjoy regulatory benefits.
Eleven older Regional Rural Banks (Chikmagalur Kodagu Grameena Bank, Visveshvaraya Grameena Bank, Cauvery Kalpatharu Grameena Bank, Neelachal Gramya Bank, Baitarani Gramya Bank, Rushikulya Gramya Bank, Utkal Gramya Bank, Purvanchal Gramin Bank, Ballia Etawah Gramin Bank, Vidarbha Kshetriya Gramin Bank, Wainganga Krishna Gramin Bank) are no longer scheduled banks because they have merged into the new entities.
Banks must update their internal systems to add the five new scheduled RRBs and remove the eleven excluded ones, and verify the status of any transactions involving these banks to avoid regulatory mismatches.
All relevant departments (credit, treasury, compliance) should be informed, and the RBI Regional Office must acknowledge receipt of the circular.
How it plays out — a real example
A gold‑loan officer in Indore sees a customer asking for a loan from Vidharbha Konkan Gramin Bank. He checks the RBI list, sees that the bank is now a scheduled bank, and confidently processes the loan knowing the bank can access RBI facilities.
What changed
RBI included five amalgamated Regional Rural Banks (Kaveri Grameena Bank, Odisha Gramya Bank, Utkal Grameen Bank, Purvanchal Bank, Vidharbha Konkan Gramin Bank) in the Second Schedule. Simultaneously, 11 erstwhile RRBs were excluded from the Schedule, reflecting their merger into the new entities.
What it means for you
For banks, inclusion in the Second Schedule grants scheduled bank status, enabling access to RBI facilities and regulatory benefits. Excluded banks cease to exist as separate entities, impacting their legal and operational standing. Lenders dealing with these RRBs must update records and ensure compliance with the new structure.
What you must do
Update internal systems to reflect the five new scheduled RRBs and remove the 11 excluded ones.
Verify counterparty status for transactions involving these RRBs to avoid regulatory mismatches.
Communicate changes to relevant departments (credit, treasury, compliance) for seamless operations.
Acknowledge receipt of this circular to your respective RBI Regional Office.
Who it affects
Regional Rural Banks, Commercial banks dealing with RRBs, Compliance and legal teams at banks, RBI regional offices
❓ Common questions
What does inclusion in the Second Schedule mean for these RRBs?
It grants them scheduled bank status under the RBI Act, 1934, allowing access to central bank facilities like liquidity support and clearing services.
Why were 11 RRBs excluded simultaneously?
They were the predecessor entities that merged to form the five new RRBs, so their exclusion formalizes the end of their separate legal existence.
Do we need to take any action for past transactions with the excluded RRBs?
Yes, update your records and ensure any ongoing contracts or exposures are transferred to the corresponding new RRB as per the merger scheme.
📜 Read the original circular — full text as issued by RBI
RBI/2013-14/474
RPCD.CO RRB.BC.No./81/03.05.100/2013-14
January 29, 2014
All Regional Rural Banks
Dear Sir/Madam,
Inclusion in/exclusion from the Second Schedule to the Reserve Bank of India Act, 1934- Regional Rural Banks (RRBs)
We advise that the names of five amalgamated Regional Rural Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 by Notification RPCD.CO.RRB.No.46/03.05.100/2013-14 dated October 22, 2013 published in the Extraordinary Gazette of India (Part III - Section 4) dated December 5, 2013.
2. Simultaneously, the names of 11 erstwhile Regional Rural Banks (RRBs) have been excluded from the Second Schedule to the Reserve Bank of India Act,1934 by notification RPCD.CO.RRB.No.47/03.05.100/2013-14 dated October 22, 2013 published in the above Extraordinary Gazette of India.
3. Copies of the above two notifications RPCD.CO.RRB.No.No.46/03.05.100/2013-14 and RPCD.CO.RRB.No.47/03.05.100/2013-14 dated October 22, 2013 are enclosed.
4. Please acknowledge receipt to our Regional Office concerned.
Yours faithfully,
(A. Udgata)
Principal Chief General Manager
Enls: as above
RPCD.CO RRB.No.46/03.05.100/2013-14
October 22, 2013
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 directs the inclusion in the Second Schedule to the said Act of the following Regional Rural Banks, namely:
Kaveri Grameena Bank, Mysore, Karnataka
Odisha Gramya Bank, Bhubaneswar, Odisha
Utkal Grameen Bank, Bolangir, Odisha
Purvanchal Bank, Gorakhpur, Uttar Pradesh
Vidharbha Konkan Gramin Bank, Nagpur, Maharashtra
(Dr. (Smt.) Deepali Pant Joshi)
Executive Director
RPCD.CO RRB.No.47/03.05.100/2013-14
October 22, 2013
NOTIFICATION
In pursuance of clause (b) of sub section (6) of Section 42 of the Reserve Bank of India Act. 1934 (2 of 1934) the Reserve Bank of India directs the exclusion from the Second Schedule to the said Act of the following Regional Rural Banks, namely :
Chikmagalur Kodagu Grameena Bank, Chikmagalur, Karnataka
Visveshvaraya Grameena Bank, Mandya, Karnataka
Cauvery Kalpatharu Grameena Bank, Mysore, Karnataka
Neelachal Gramya Bank, Bhubaneswar, Odisha
Baitarani Gramya Bank, Baripada, Odisha
Rushikulya Gramya Bank, Berhampur, Odisha
Utkal Gramya Bank, Odisha
Purvanchal Gramin Bank, Gorakhpur, Uttar Pradesh
Ballia Etawah Gramin Bank, Uttar Pradesh
Vidarbha Kshetriya Gramin Bank, Akola, Maharashtra
Wainganga Krishna Gramin Bank, Solapur, Maharashtra
(Dr. (Smt.) Deepali Pant Joshi)
Executive Director
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/474 · issued 29 Jan 2014. The plain-English explanation above is BankPulse’s own independent summary.
Verify counterparty status for transactions involving these RRBs to avoid regulatory mismatches.
⚙️ Operations
Communicate changes to relevant departments (credit, treasury, compliance) for seamless operations.
💻 IT / Systems
Update internal systems to reflect the five new scheduled RRBs and remove the 11 excluded ones.
📜 Compliance
Acknowledge receipt of this circular to your respective RBI Regional Office.
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 (Regional Rural Banks, Commercial banks dealing with RRBs, Compliance and legal teams at banks, RBI regional offices), your first concrete step on “RRB Schedule Inclusion/Exclusion: 5 New, 11 Old Banks” is: “Update internal systems to reflect the five new scheduled RRBs and remove the 11 excluded ones.” (RBI issued this 29 Jan 2014).
Action required: Update internal systems to reflect the five new scheduled RRBs and remove the 11 excluded ones.
Action required: Verify counterparty status for transactions involving these RRBs to avoid regulatory mismatches.
Action required: Communicate changes to relevant departments (credit, treasury, compliance) for seamless operations.
Action required: Acknowledge receipt of this circular to your respective RBI Regional Office.
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=8722&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.
Help us keep this accurate
Found an inaccuracy or have an improvement? Tell us. Every report is reviewed by our team before any change is made — nothing goes live unverified.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
BANKPULSE · FREE DAILY BRIEF
Get RBI updates for your role
Every important RBI update, decoded in plain English — for your career, exams & financial awareness.
We collect only your email, name and role, used solely to send your brief — never sold or shared. Withdraw anytime via the unsubscribe link in any email. Independent platform, not affiliated with the RBI. Information, not legal advice.
REPORT AN ERROR · BETA
Spotted an error? Earn 500 BankPulse Credits
Help us stay accurate. If your correction is verified true and approved by our founder, you earn 500 BankPulse Credits — redeemable when the platform monetises.
Reviewed by a human before any credit is awarded. We never change the site from crowd input without verification.
WANT A NEW FEATURE · BETA
What would make BankPulse more useful for you?
Tell us what to build next — a tool, a data view, a role page, anything. We read every suggestion.
Thank you — your ideas directly shape what we build.