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Chinatrust Commercial Bank renamed CTBC Bank in RBI Schedule

Current · Source: Reserve Bank of India · RBI/2013-14/508 · issued 28 Feb 2014 · ~1 min read
Quick answerRBI has officially updated the Second Schedule of the RBI Act, 1934, replacing 'Chinatrust Commercial Bank' with 'CTBC Bank Co., Ltd.' following a name change notified in the Gazette of India on February 8, 2014.
The rule, in the simplest words
How it plays out — a real example

A compliance officer at a public-sector bank in Mumbai receives the RBI circular. She updates her bank's internal database, changing 'Chinatrust Commercial Bank' to 'CTBC Bank Co., Ltd.' so that when her treasury team sends interbank payments, the name matches RBI's official list and no transactions get rejected.

What changed

The name 'Chinatrust Commercial Bank' was changed to 'CTBC Bank Co., Ltd.' in the Second Schedule to the RBI Act, 1934. This change was effected via Notification DBOD.IBD.No.10068/23.13.053/2013-14 dated November 25, 2013, and published in the Gazette of India on February 8, 2014.

What it means for you

For Indian banks and lenders, this is a routine administrative update ensuring the bank's legal name in RBI records matches its new corporate identity. No operational or regulatory changes are required from other banks, but they must use the updated name in all official correspondence and reporting.

What you must do

Who it affects

All scheduled commercial banks in India, Compliance and operations teams handling interbank transactions, Regulatory reporting departments

❓ Common questions

Does this name change affect any existing agreements or contracts with Chinatrust Commercial Bank?

No, the name change is purely administrative. All existing agreements remain valid, but future documents should reference the new name 'CTBC Bank Co., Ltd.'

When did the name change officially take effect?

The change was notified on November 25, 2013, and published in the Gazette of India on February 8, 2014. The RBI circular was issued on February 28, 2014.

📜 Read the original circular — full text as issued by RBI
RBI/2013-14/508 Ref.DBOD.No.Ret.BC/99/12.07.107/2013-14 February 28, 2014 All Scheduled Commercial Banks Dear Sir Alteration in the name of "Chinatrust Commercial Bank" to "CTBC Bank Co.,Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934 We advise that the name of “Chinatrust Commerical Bank” has been changed to "CTBC Bank Co., Ltd." in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DBOD.IBD.No.10068/23.13.053/2013-14 dated November 25, 2013, published in the Gazette of India (Part III-Section 4) dated February 08, 2014. Yours faithfully (Sujata Lal) General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2013-14/508 · issued 28 Feb 2014. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
💻 IT / Systems
  • Update internal systems and records to reflect the new name 'CTBC Bank Co., Ltd.' for this scheduled bank.
📜 Compliance
  • Ensure all future transactions, reporting, and communications with this bank use the revised name.
  • Inform relevant departments (e.g., treasury, compliance) about the name change to avoid discrepancies.
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 (All scheduled commercial banks in India, Compliance and operations teams handling interbank transactions, Regulatory reporting departments), your first concrete step on “Chinatrust Commercial Bank renamed CTBC Bank in RBI Schedule” is: “Update internal systems and records to reflect the new name 'CTBC Bank Co., Ltd.' for this scheduled bank.” (RBI issued this 28 Feb 2014).

  1. Circular: RBI/2013-14/508 -- Chinatrust Commercial Bank renamed CTBC Bank in RBI Schedule
  2. Issued: 28 Feb 2014
  3. Action required: Update internal systems and records to reflect the new name 'CTBC Bank Co., Ltd.' for this scheduled bank.
  4. Action required: Ensure all future transactions, reporting, and communications with this bank use the revised name.
  5. Action required: Inform relevant departments (e.g., treasury, compliance) about the name change to avoid discrepancies.
  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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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=8760&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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