**Summary:**
This notification, RBI20242568/DoR.RET.REC.3912/07.16.0202425, 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 has been excluded from the Second Schedule of the Reserve Bank of India Act, 1934. This exclusion is effective as of Notification DoR.LIC.No.S199823/13.066/202425 dated July 3, 2024, and published in the Gazette of India Part III Section 4 dated August 17-23, 2024.
For further information, Latha Vishwanath, Chief General Manager, Department of Regulation, Central Office, 12th-13th Floor, Nariman Bhavan, Nariman Point, Mumbai 400021, can be contacted.
The RBI also cautions the public to be wary of fraudulent communications requesting personal banking information, clarifying that the RBI does not solicit such details or offer/hold funds for individuals.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Krung Thai Bank Public Company Limited: A bank that has been excluded from the Second Schedule of the Reserve Bank of India Act, 1934.
Second Schedule of the Reserve Bank of India Act, 1934: A list of banks deemed eligible to operate in India under the regulatory framework of the Reserve Bank of India Act, 1934. Exclusion from this schedule has implications for the bank's operations.
Reserve Bank of India Act, 1934: The Act that established the Reserve Bank of India and provides the legal framework for its operations and regulatory powers.
Gazette of India: An official publication of the Government of India, used to publish notifications, rules, and regulations.
Department of Regulation, Central Office: A department within the Reserve Bank of India responsible for regulation of banks.
Latha Vishwanath: Chief General Manager at Reserve Bank of India
Mumbai, Maharashtra: City in India where the Central Office of the Department of Regulation is located.
भारतीय � रज़वर् बैंक
RESERVE BANK OF INDIA
RBI/2024-25/68
DoR.RET.REC.39/12.07.160/2024-25 August 22, 2024
All Commercial and Co-operative Banks
Madam / Dear Sir,
Exclusion of “Krung Thai Bank Public Company Limited” from the Second Schedule of
the Reserve Bank of India Act, 1934
It is advised that “Krung Thai Bank Public Company Limited” has been excluded from the
Second Schedule of the Reserve Bank of India Act, 1934 vide Notification
DoR.LIC.No.S1998/23.13.066/2024-25 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.