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Section 45 H – Reserve Bank of India Act,1934

Reserve Bank of India Act,1934

Section 45 H. Chapter III-B not to apply in certain cases

CHAPTER III-B

The provisions of this chapter shall not apply to the State Bank or banking company as defined in section 5 of the Banking Regulation Act,1949 (10 of 1949) or 1[a corresponding new bank as defined in clause (da) of section 5 of that Act or a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act,1959 (38 of 1959)] or a Regional Rural Bank or a co-operative bank or a primary agricultural credit society or a primary credit society:

PROVIDED that for the purposes of this chapter, the Tamil Nadu Industrial Investment Corporation Limited shall not be deemed to be a banking company.

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1. Substituted by Act No. 1 of 1984, w.e.f. 15/2/1984.

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Reserve Bank of India Act,1934

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