**Summary:**
This Reserve Bank of India (RBI) notification, RBI20242566 DoR.RET.REC.3712.07.160202425 dated August 22, 2024, informs all commercial and cooperative banks that Credit Suisse AG has ceased to be a banking company within the meaning of sub-section 2 of Section 36 A of the Banking Regulation Act, 1949. This cessation is effective as per Notification DoR.LIC.No. S137223.03.025202425 dated June 4, 2024, published in the Gazette of India Part III Section 4 dated August 17- August 23, 2024. The notification is issued by Latha Vishwanath, Chief General Manager, Department of Regulation, Central Office, 12th-13th Floor, Nariman Bhavan, Nariman Point, Mumbai 400021.
Key Entities Referenced
Reserve Bank of India: The central bank of India and the issuing authority of the notification.
Banking Regulation Act, 1949: An act of Parliament in India that regulates the banking industry.
Credit Suisse AG: A financial services company that has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949.
Mumbai, Maharashtra: The city and state where the Reserve Bank of India, Central Office is located.
Latha Vishwanath: Chief General Manager at the Reserve Bank of India.
Gazette of India: An official publication of the Government of India, in which the notification regarding Credit Suisse AG was published.
Commercial and Cooperative Banks: The entities to whom the Reserve Bank of India notification is addressed.
भारतीय � रज़वर् बैंक
RESERVE BANK OF INDIA
RBI/2024-25/66
DoR.RET.REC.37/12.07.160/2024-25 August 22, 2024
All Commercial and Co-operative Banks
Madam / Dear Sir,
Cessation of “Credit Suisse AG” as a banking company within the meaning of sub
section (2) of Section 36 (A) of the Banking Regulation Act, 1949
It is advised that the “Credit Suisse AG” has ceased to be a banking company within the
meaning of the Banking Regulation Act, 1949 vide Notification DoR.LIC.No.
S1372/23.03.025/2024-25 dated June 4, 2024, which is published in the Gazette of India (Part
III - Section 4) dated August 17 – August 23, 2024.
Yours faithfully,
(Latha Vishwanath)
Chief General Manager
________________________________________________________________________________________________________________________________________________________
िविनयमन िवभाग, केंद्रीय कायार्लय, 12वी ं और 13वी ं मंिज़ल, नरीमन भवन, नरीमन पॉइंट, मुंबई 400021
Department of Regulation, Central Office, 12th & 13th Floor, Nariman Bhavan, Nariman Point, Mumbai 400021
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