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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 theReserve Bank of India Act, 1934with 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
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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.
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Source : https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=12087&Mode=0