**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 under Section 36A(2) of the Banking Regulation Act, 1949. This cessation is effective as per Notification DoR.LIC.No. S137223.03.025202425 dated June 4, 2024, and published in the Gazette of India Part III Section 4 dated August 17 - August 23, 2024.
For further information, contact Latha Vishwanath, Chief General Manager, Department of Regulation, Central Office, 12th/13th Floor, Nariman Bhavan, Nariman Point, Mumbai 400021.
The RBI cautions against responding to any communications requesting personal banking information, as the RBI does not solicit such details or offer funds directly to individuals.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking sector.
Credit Suisse AG: A financial services company that ceased to be a banking company within the meaning of the Banking Regulation Act, 1949.
Banking Regulation Act, 1949: An act of the Indian Parliament to regulate the banking companies in India.
Nariman Bhavan, Nariman Point, Mumbai: Location of Central Office, Department of Regulation of RBI.
Latha Vishwanath: Chief General Manager, Department of Regulation, Reserve Bank of India.
Gazette of India: An official publication of the Government of India, publishing notifications and acts.
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
बैंक िहंदी में पत्राचार का �ागत करता है
Caution: RBI never sends mails, SMSs or makes calls asking for personal information like bank account details, passwords, etc. It never keeps or offers funds
to anyone. Please do not respond in any manner to such offers.