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Credit Suisse A.G. added to RBI Second Schedule

Current · Source: Reserve Bank of India · RBI/2010-11/552 · issued 01 Jun 2011 · ~1 min read

Quick answerRBI has included Credit Suisse A.G. in the Second Schedule of the RBI Act, 1934, effective March 8, 2011. This grants it scheduled bank status, subjecting it to CRR/SLR requirements and RBI oversight.

The rule, in the simplest words

Credit Suisse A.G. is now a scheduled bank in India, meaning it must follow RBI rules.
Scheduled banks must keep a certain amount of money in reserve (CRR) and invest in certain assets (SLR).
Indian banks can now do business with Credit Suisse A.G. and report to RBI.

How it plays out — a real example

A treasury officer in Indore must ensure that Credit Suisse A.G. maintains the required cash reserve ratio (CRR) and statutory liquidity ratio (SLR) when dealing with them for interbank operations. This is to ensure that Credit Suisse A.G. is following RBI rules and that the treasury officer's bank is complying with regulations.

What changed

RBI notified that Credit Suisse A.G. has been added to the Second Schedule of the RBI Act, 1934, via a notification dated March 8, 2011, published in the Gazette of India on April 2, 2011. This inclusion was communicated to all scheduled commercial banks through a circular dated June 1, 2011.

What it means for you

Credit Suisse A.G. now qualifies as a scheduled bank under Indian law, meaning it must maintain cash reserve ratio (CRR) and statutory liquidity ratio (SLR) with RBI. For Indian banks, this expands the list of counterparties eligible for interbank transactions and regulatory reporting.

What you must do

Update your internal records to reflect Credit Suisse A.G. as a scheduled bank.
Ensure compliance with CRR/SLR norms when dealing with Credit Suisse A.G. for interbank operations.
Review counterparty limits and exposure norms for this newly scheduled entity.

Who it affects

All scheduled commercial banks in India, Treasury and risk management teams, Regulatory compliance departments

❓ Common questions

Regulatory timeline

Stated effective date effective March 8, 2011
Decoded by BankPulse 2026-06-19 01:16 IST

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What does inclusion in the Second Schedule mean for Credit Suisse A.G.?

It means Credit Suisse A.G. is now recognized as a scheduled bank under the RBI Act, 1934, and must follow RBI's reserve requirements (CRR/SLR) and reporting norms.

When did this inclusion take effect?

The notification was issued on March 8, 2011, and published in the Gazette on April 2, 2011. Banks were informed via circular on June 1, 2011.

Does this affect existing transactions with Credit Suisse A.G.?

Yes, going forward all interbank transactions with Credit Suisse A.G. must comply with scheduled bank regulations, including reserve maintenance and reporting.

📜 Read the original circular — full text as issued by RBI

RBI/2010-11/552

 Ref: DBOD. No.Ret. BC. 97/12.06.128/2010-11

 June 01, 2011

 All Scheduled Commercial Banks 

 Dear Sir,

 Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Credit Suisse A.G 

 We advise that the name of “ Credit Suisse A.G ” has been included in the Second Schedule to the Reserve Bank of India Act, 1934 by notification DBOD IBD. No. 13983 / 23.03.025/2010-11 dated March 08, 2011 , published in the Gazette of India (Part III – Section 4) dated April 02, 2011.

 Yours faithfully,

 (P.K. Mahapatra)

 General Manager

 DBOD.IBD.No.13983/23.03.025/2010-11

 March 8, 2011

 Notification 

 In pursuance of Clause (a) of sub-section (6) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs the inclusion in the Second Schedule to the said Act of the following bank namely:

 “Credit Suisse A.G” 

 (R. Gandhi)

 Executive Director

Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/552 · issued 01 Jun 2011. The plain-English explanation above is BankPulse’s own independent summary.

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Who does what — compliance checklist

🏦 Branch Manager

Review counterparty limits and exposure norms for this newly scheduled entity.

⚙️ Operations

Ensure compliance with CRR/SLR norms when dealing with Credit Suisse A.G. for interbank operations.

📜 Compliance

Update your internal records to reflect Credit Suisse A.G. as a scheduled bank.

Grouped from the action items above — a single circular may involve more than one team.

Worked example & action-note template

Example: if you are a Compliance officer at a bank this circular applies to (All scheduled commercial banks in India, Treasury and risk management teams, Regulatory compliance departments), your first concrete step on “Credit Suisse A.G. added to RBI Second Schedule” is: “Update your internal records to reflect Credit Suisse A.G. as a scheduled bank.” (RBI issued this 01 Jun 2011).

Circular: RBI/2010-11/552 -- Credit Suisse A.G. added to RBI Second Schedule
Issued: 01 Jun 2011
Action required: Update your internal records to reflect Credit Suisse A.G. as a scheduled bank.
Action required: Ensure compliance with CRR/SLR norms when dealing with Credit Suisse A.G. for interbank operations.
Action required: Review counterparty limits and exposure norms for this newly scheduled entity.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________

Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

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BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6446&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.