ARTICLE · 25 JULY 2025

AKP Banking & Finance Digest July 21, 2025

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The Reserve Bank of India ("RBI"), through Notification dated July 17, 2025, has included NSDL Payments Bank Limited in the Second Schedule of the Reserve Bank of India Act, 1934 ("Act").

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1. Regulatory Updates

1.1. India

Reserve Bank of India (RBI)

1.1.1. RBI includes NSDL Payments Bank Limited in Second Schedule of RBI Act, 1934

The Reserve Bank of India ("RBI"), through Notification dated July 17, 2025, has included NSDL Payments Bank Limited in the Second Schedule of the Reserve Bank of India Act, 1934 ("Act"). With this inclusion, NSDL Payments Bank Limited attains scheduled bank status, making it eligible for facilities and obligations under the Act, including access to RBI's liquidity adjustment facility, deposit insurance, and participation in government and central bank auctions.

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