borrowing

Any borrowing that is not acceptance of deposits, is away from the deposit rules and falls under borrowing.

But the deposit rules defines deposit to mean any borrowed by a company. So does this not mean tht borrowwing will include shareholder loans?  Please note that this is in the context of a public company..

Yes, any borowal by a compay is primafacie a deposit. Borrowal that is outside the purview of deposit alone is a mere borrowing. This is what I am saying. In otherwords, we have to see in the case of any  borrowing by a company, whether it falls under deposit definition. If yes, it is a deposit; if not, it is mere borrowing. In your case the loan from shareholder is a deposit.