Exclusion of “Vijaya Bank” and “Dena Bank” from the Second Schedule of the Reserve Bank of India Act, 1934 and cessation as banking companies

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Published on November 28, 2019

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Exclusion of “Vijaya Bank” and “Dena Bank” from the Second Schedule of the Reserve Bank of India Act, 1934 and cessation as banking companies

RBI/2019-20/106
DOR.No.Ret.BC.25/12.07.160/2019-20

November 28, 2019

All Scheduled Commercial Banks

Dear Sir/Madam

Exclusion of “Vijaya Bank” and “Dena Bank” from the Second Schedule of the Reserve Bank of India Act, 1934 and cessation as banking companies

“Vijaya Bank” and “Dena Bank” have been excluded from the Second Schedule to the Reserve Bank of India Act, 1934 with effect from April 01, 2019 since they have ceased to carry on banking business with effect from April 01, 2019 vide Notification DBR.No.Ret.BC.35/12.01.001/2018-19 dated April 10, 2019 which was published in the Gazette of India (Part III - Section 4) dated August 10, 2019 – August 16, 2019.

Yours faithfully

(S M Parida)
General Manager