Cessation of “Coöperatieve Rabobank U.A.” as a banking company within the meaning of sub section (2) of Section 36 (A) of the Banking Regulation Act, 1949
Case Brief
The RBI issued a notification stating that Coöperatieve Rabobank U.A. has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949. The notification is DOR.LIC.No.S2620/23.03.027/2026-27 dated June 24, 2026 and was published in the Gazette of India (Part III - Section 4) on July 02, 2026.
RBI notified that Coöperatieve Rabobank U.A. has ceased to be a banking company within the meaning of the Banking Regulation Act, 1949, vide Notification DOR.LIC.No.S2620/23.03.027/2026-27 dated June 24, 2026, published in the Gazette of India on July 02, 2026. This indicates the cessation of its banking-company status under the Act.
Severity Assessment
Cessation of banking-company status is effectively a license cancellation/termination, which is a severity 5 action.
The entity no longer has banking-company status under the Act from the notified date, meaning it cannot continue to operate as a banking company in that capacity. Any banking operations, counterparties, and customers are affected by the cessation and must rely on the legal consequences of the notification and any follow-on regulatory or winding-up steps.
Published as Coöperatieve Rabobank U.A.
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