The Reserve Bank of India vide Notification DoR.RET.REC.25/12.07.160/2023-24 addressing all banks, has informed about the inclusion of “NongHyup Bank” in the Second Schedule of the RBI Act, 1934. Nonghyup Bank is an agricultural bank headquartered in Jung-gu, Seoul, South Korea. Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of …
