RBI includes National Bank of Abu Dhabi in Reserve Bank Act

The Reserve Bank said it has included National Bank of Abu Dhabi PJSC (NBAD) in the Second Schedule to the RBI Act.

"We advise that the National Bank of Abu Dhabi PJSC has been included in the Second Schedule to the Reserve Bank of India Act, 1934", it said in a notification.

NBAD is the leading bank in the Middle East. Currently, it has a global presence in 17 countries and overseas territories, spanning five continents: It has operations in China, Hong Kong, Malaysia, India, Oman, the UAE, Kuwait, Bahrain, Jordan, Lebanon, Egypt, Sudan, France, Switzerland, the UK, USA and Brazil.

In a separate notification, RBI informed about change in name of Bank Internasional Indonesia.

"We advise that the name of Bank Internasional Indonesia has been changed to PT Bank Maybank Indonesia TBK in the Second Schedule to the Reserve Bank of India Act, 1934", it said.