Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934

Last updated: 07 May 2021

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The Reserve Bank of India has officially removed Lakshmi Vilas Bank Ltd from the Second Schedule of the Reserve Bank of India Act, 1934. This exclusion took effect on November 27, 2020. The decision was formally communicated via a notification dated December 17, 2020, and subsequently published in the Gazette of India.

Reserve Bank of India

RBI/2021-22/33
DoR.RET.REC.14/12.07.150/2021-22

May 06, 2021

All Banks

Madam/Sir

Exclusion of “Lakshmi Vilas Bank Ltd” from the Second Schedule to the Reserve Bank of India Act, 1934

We advise that the “Lakshmi Vilas Bank Ltd” has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from November 27, 2020 vide Notification DOR.PSBD.No.1849/16.01.067/2020-21 dated December 17, 2020, which is published in the Gazette of India (Part III – Section 4) dated January 16 – January 22, 2021.

Yours faithfully

(Sibo Nekhini)
General Manager

FAQ :

The notification concerns the exclusion of Lakshmi Vilas Bank Ltd from the Second Schedule to the Reserve Bank of India Act, 1934.

Lakshmi Vilas Bank Ltd was excluded from the Second Schedule with effect from November 27, 2020.

The exclusion was made vide Notification DOR.PSBD.No.1849/16.01.067/2020-21.

The notification regarding the exclusion was dated December 17, 2020.

The exclusion was published in the Gazette of India, specifically in Part III – Section 4, dated January 16 – January 22, 2021.

Guest

Notification No : RBI/2021-22/33 DoR.RET.REC.14/12.07.150/2021-22
Published in Community & General
Source : https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=12087&Mode=0

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