Date: 2024-08-22Category: Not ApplicableState: Union GovernmentCountry: India
Cessation of “Krung Thai Bank Public Company Limited” as a banking company within the meaning of sub section (2) of Section 36 (A) of the Banking Regulation Act, 1949
**Summary:**
This notification, RBI20242569 DoR.RET.REC.4012.07.160202425, issued by the Reserve Bank of India (RBI) on August 22, 2024, informs all commercial and cooperative banks that Krung Thai Bank Public Company Limited is no longer considered 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.S199923.13.066202425 dated July 3, 2024, and 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. The RBI also cautions the public against responding to fraudulent communications requesting personal banking information or offering funds.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking system.
Krung Thai Bank Public Company Limited: A banking company that has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949.
Banking Regulation Act, 1949: An act regulating banking companies in India.
Latha Vishwanath: Chief General Manager at the Department of Regulation, Reserve Bank of India.
Mumbai, Maharashtra: City in India where the Central Office of the Department of Regulation is located.
Department of Regulation: A department within the Reserve Bank of India.
Gazette of India: Official government publication in which the notification regarding Krung Thai Bank Public Company Limited is published.
All Commercial and Cooperative Banks: Addressees of the RBI notification
भारतीय � रज़वर् बैंक
RESERVE BANK OF INDIA
RBI/2024-25/69
DoR.RET.REC.40/12.07.160/2024-25 August 22, 2024
All Commercial and Co-operative Banks
Madam / Dear Sir,
Cessation of “Krung Thai Bank Public Company Limited” 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 “Krung Thai Bank Public Company Limited” has ceased to be a banking
company within the meaning of the Banking Regulation Act, 1949 vide Notification
DoR.LIC.No.S1999/23.13.066/2024-25 dated July 3, 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.