**Summary:**
This notification, RBI20242538 DOR.RET.REC.2312.07.160202425 dated May 24, 2024, issued by the Reserve Bank of India (RBI), formally announces the exclusion of Fincare Small Finance Bank Limited from the Second Schedule to the Reserve Bank of India Act, 1934, effective April 1, 2024. This exclusion signifies that Fincare Small Finance Bank Limited has ceased to operate as a banking company as of that date. The notification DOR.HOL.No.S1731602003202425, dated April 08, 2024, detailing this cessation, was published in the Gazette of India Part III Section 4 on May 14, 2024. Inquiries regarding this matter may be directed to Latha Vishwanath, Chief General Manager, Department of Regulation, Central Office, 12th-13th Floor, Nariman Bhavan, Nariman Point, Mumbai 400021. The RBI also cautions against sharing personal banking information in response to unsolicited communications.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for regulating the banking sector.
Fincare Small Finance Bank Limited: A small finance bank that has been excluded from the Second Schedule to 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.
Gazette of India: An official publication of the Government of India, used to publish important notifications and regulations.
Latha Vishwanath: Chief General Manager at the Reserve Bank of India.
Department of Regulation, Central Office: A department within the Reserve Bank of India.
Nariman Bhavan, Nariman Point, Mumbai, Maharashtra: Location of Central Office in Mumbai, Maharashtra
भारतीय � रज़वर् बैंक
RESERVE BANK OF INDIA
RBI/2024-25/38
DOR.RET.REC.23/12.07.160/2024-25 May 24, 2024
All Banks
Madam / Dear Sir,
Exclusion of “Fincare Small Finance Bank Limited” from the Second Schedule to the
Reserve Bank of India Act, 1934 and cessation as a banking company
It is informed that “Fincare Small Finance Bank Limited” has been excluded from the Second
Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2024, as the bank
has ceased to carry on banking business with effect from April 01, 2024 vide Notification
DOR.HOL.No.S173/16-02-003/2024-25 dated April 08, 2024, which is published in the Gazette
of India (Part III - Section 4) dated May 14, 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.