Credit Suisse AG Ceases to be Recognized as a Banking Company under the Banking Regulation Act, 1949.
22 August 2024
Credit Suisse AG is no longer considered a banking company under the Banking Regulation Act, 1949. This change was announced in Notification DoR.LIC.No. S1372/23.03.025/2024-25 dated June 4, 2024, and was published in the Gazette of India (Part III - Section 4) from August 17 to August 23, 2024.