RBI Includes ‘NongHyup Bank’ in the List of Scheduled Banks Under Schedule II of RBI Act, 1934
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- By Chetan Kulasri
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- Last Updated on 20 July, 2023
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Circular No. RBI/2023-24/49 DoR.RET.REC.25/12.07.160/2023-24, Dated: 18.07.2023
In the exercise of the powers conferred under section 42 of the Reserve Bank of India Act, 1934, the RBI has directed the inclusion of the NongHyup Bank in the list of Scheduled Banks. Now, the bank will be covered under the second schedule of the RBI Act.
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