**Summary:**
This notification, RBI20242567 DoR.RET.REC.3812.07.160202425, issued by the Reserve Bank of India (RBI) on August 22, 2024, informs all commercial and cooperative banks that Credit Suisse AG has been excluded from the Second Schedule of the Reserve Bank of India Act, 1934. The exclusion was enacted via Notification DoR.LIC.No.S137323.03.025202425, dated June 4, 2024, and published in the Gazette of India Part III Section 4, dated August 17-23, 2024. The issuing authority is the Department of Regulation, Central Office, located on the 12th-13th Floor, Nariman Bhavan, Nariman Point, Mumbai 400021. Latha Vishwanath, Chief General Manager, is the contact person. The RBI also cautions recipients against responding to fraudulent requests for personal information.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking system.
Credit Suisse AG: A Swiss multinational investment bank and financial services firm, which has been excluded from the Second Schedule of the Reserve Bank of India Act, 1934.
Reserve Bank of India Act, 1934: An act of the Indian Parliament that established the Reserve Bank of India.
Second Schedule: A schedule within the Reserve Bank of India Act, 1934, listing eligible banks.
Gazette of India: An official journal of the Government of India, publishing official notifications and legal announcements.
Latha Vishwanath: Chief General Manager at the Department of Regulation, Central Office, Reserve Bank of India.
Department of Regulation, Central Office: A department within the Reserve Bank of India.
Nariman Point, Mumbai, Maharashtra: A financial district in Mumbai, where the Central Office of the Department of Regulation is located.
भारतीय � रज़वर् बैंक
RESERVE BANK OF INDIA
RBI/2024-25/67
DoR.RET.REC.38/12.07.160/2024-25 August 22, 2024
All Commercial and Co-operative Banks
Madam / Dear Sir,
Exclusion of “Credit Suisse AG” from the Second Schedule of the Reserve Bank of India
Act, 1934
It is advised that “Credit Suisse AG” has been excluded from the Second Schedule of the
Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S1373/23.03.025/2024-25
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.