Reserve Bank of India Act, 1934

[CHAPTER IIIB

PROVISIONS RELATING TO NON-BANKING INSTITUTIONS RECEIVING DEPOSITS AND FINANCIAL INSTITUTIONS

Chapter IIIB not to apply in certain cases.

45H. The provisions of this Chapter shall not apply to the State Bank or a banking company as defined in section 5 of the Banking [Regulation] Act, 1949 (10 of 1949) or [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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