Inclusion of ACAB in second schedule of RBI Act significant milestone: Himanta

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....nclusion of ACAB in second schedule of RBI Act significant milestone: Himanta<BR>FEMA / RBI<BR>Dated:- 2-2-2026<BR>PTI<BR>Guwahati, Feb 2 (PTI) Assam Chief Minister Himanta Biswa Sarma on Monday said ....

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....the inclusion of the Assam Cooperative Apex Bank (ACAB) in the second schedule of the RBI Act was a significant milestone for ensuring grassroots financial inclusion. This accords ‘Scheduled Bank....

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.... status to the bank, allowing it more operational capacity, boosting liquidity management and increasing public confidence in the system apart from access to various facilities from the Reserve Bank ....

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....of India, Sarma said in a post on X. ''A significant milestone in ensuring grassroots financial inclusion. Glad to note that @RBI has included the Assam Cooperative Apex Bank in the second schedule o....

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....f the RBI Act,'' he said. A scheduled bank status enables the bank to access key benefits, including eligibility for refinancing facilities from the RBI, besides improving credibility and visibility ....

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....in the financial sector, officials said. PTI DG RBT<BR> News - Press release - PIB....