Reserve Bank of India Act, 1934
Section - 21A - Bank to transact Government business of *** States on agreement
[Bank to transact Government business of [***] States on agreement.
21A. (1) The Bank may by agreement with the Government of any [***] State [***] undertake-
(2) Any agreement made under this section shall be laid, as soon as may be after it is made, before Parliament.]
| (a) | - | all its money, remittance, exchange and banking transactions in India, including in particular, the deposit, free of interest, of all its cash balances with the Bank; and |
| (b) | - | the management of the public debt of, and the issue of any new loans by, that State. |
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