Inclusion of “Coastal Local Area Bank Limited” in the Second Schedule to the Reserve Bank of India Act, 1934

Coastal Local Area Bank Limited has been included in the Second Schedule to the Reserve Bank of India Act, 1934, according to a notification by the Reserve Bank of India. The notification was published in the Gazette of India on August 11, 2026.

The inclusion was announced by the Reserve Bank of India through a press release.

There is no further information in the reports that links Coastal Local Area Bank Limited to India's balance of payments or other economic indicators.

Brief written by urgent.news from Reserve Bank of India, The Economic Times - Economy — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.