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RBI/2024-25/38 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) |
