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Cessation of UBS AG as a banking company within the meaning of sub-section (2) of Section 36(A) of the Banking Regulation Act, 1949

Cessation of UBS AG as a banking company within the meaning of sub-section (2) of Section 36(A) of the Banking Regulation Act, 1949

RBI/2015-16/404
DBR.No.Ret.BC.100/12.07.124A/2015-16

May 19, 2016

All Scheduled Commercial Banks

Dear Sir,

Cessation of UBS AG as a banking company within the meaning of
sub-section (2) of Section 36(A) of the Banking Regulation Act, 1949

We advise that the “UBS AG” has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949 vide Notification DBR.IBD.No.7715/23.13.062/2015-16 dated January 12, 2016 and published in the Gazette of India (Part III-Section 4) dated February 27 – March 04, 2016.

Yours faithfully,

(M.G. Suprabhat)
Deputy General Manager

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