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Abu Dhabi Commercial Bank Removed from RBI Schedule II

Current · Source: Reserve Bank of India · RBI/2022-23/187 · issued 27 Mar 2023 · ~1 min read
Quick answerRBI has excluded Abu Dhabi Commercial Bank PJSC from the Second Schedule of the RBI Act, 1934, effective from a February 2023 notification. This means the bank is no longer treated as a scheduled bank under Indian law.
The rule, in the simplest words
How it plays out — a real example

Rohan, a treasury officer at City Bank, checks the bank’s status and updates the system to mark Abu Dhabi Commercial Bank as non‑scheduled. He then informs the risk team that any loans or transactions with the bank must now follow the non‑scheduled bank guidelines. Rohan smiles, knowing he’s keeping the bank compliant and smooth.

What changed

RBI notified that Abu Dhabi Commercial Bank PJSC has been removed from the Second Schedule to the RBI Act, 1934, via a notification dated February 23, 2023, published in the Gazette of India in March 2023. This exclusion means the bank ceases to be a scheduled bank for regulatory purposes.

What it means for you

For Indian banks and lenders, this change means Abu Dhabi Commercial Bank PJSC loses the privileges and obligations of a scheduled bank, such as access to RBI's liquidity facilities and certain regulatory benefits. It may impact interbank transactions, reporting requirements, and the bank's status in India's banking ecosystem.

What you must do

Who it affects

All banks in India, Treasury and risk management teams, Regulatory compliance departments

❓ Common questions

What does exclusion from the Second Schedule mean?

It means the bank is no longer classified as a scheduled bank under the RBI Act, losing access to certain RBI facilities and facing different regulatory treatment.

When did this exclusion take effect?

The exclusion was effective from the notification date of February 23, 2023, and was published in the Gazette of India in March 2023.

Does this affect existing transactions with Abu Dhabi Commercial Bank?

Existing transactions may need review for compliance, but the exclusion primarily changes the bank's regulatory status going forward.

📜 Read the original circular — full text as issued by RBI
RBI/2022-23/187 DOR.RET.REC.107/12.07.160/2022-23 March 27, 2023 All Banks Madam/Sir, Exclusion of “Abu Dhabi Commercial Bank PJSC” from the Second Schedule to the Reserve Bank of India Act, 1934 It is advised that the “Abu Dhabi Commercial Bank PJSC” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No. S7540/23.13.021/2022-23 dated February 23, 2023, which is published in the Gazette of India (Part III - Section 4) dated March 25 – March 31, 2023. Yours faithfully, (Prakash Baliarsingh) Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2022-23/187 · issued 27 Mar 2023. 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 to reflect Abu Dhabi Commercial Bank PJSC as a non-scheduled bank.
📜 Compliance
  • Review any exposure or transactions with this bank for compliance with non-scheduled bank norms.
  • Communicate the change to relevant departments like treasury and risk management.
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 banks in India, Treasury and risk management teams, Regulatory compliance departments), your first concrete step on “Abu Dhabi Commercial Bank Removed from RBI Schedule II” is: “Update internal systems to reflect Abu Dhabi Commercial Bank PJSC as a non-scheduled bank.” (RBI issued this 27 Mar 2023).

  1. Circular: RBI/2022-23/187 -- Abu Dhabi Commercial Bank Removed from RBI Schedule II
  2. Issued: 27 Mar 2023
  3. Action required: Update internal systems to reflect Abu Dhabi Commercial Bank PJSC as a non-scheduled bank.
  4. Action required: Review any exposure or transactions with this bank for compliance with non-scheduled bank norms.
  5. Action required: Communicate the change to relevant departments like treasury and risk management.
  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=12463&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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