Professional Documents
Culture Documents
Introduction
Definition of banks
In India, the definition of the business of banking has been given in the
S.
No.
Parts Topics
Sections
covered
1.
Preliminary
1 to 5A
2.
II
6 to 36 A
3.
IIA
36AA to 36AC
4.
IIB
36AD
5.
IIC
36AE to 36AJ
6.
III
36B to 45
7.
IIIA
45A to 45X
8.
IIIB
45Y to 45ZF
9.
IV
Miscellaneous
46 to 55A
10.
56
Continued
Continued
Acquiring, constructing, maintaining and altering of any
building for the purpose of the bank
Acquiring and undertaking the whole or part of the
business of any person or bank / company if its nature of
business is as per the allowed business for the bank
Doing all such other things as are incidental or conducive
to the promotion or advancement of the business of the
bank
Any other business the Central Govt. may by notification
specify as a allowed business
Banks are prohibited to do any other business
(b) a
(1)
(2)
(3)
(a)
No
Nothing
any
subsidiary
company
firm,
association
in
individual
this
of
other
section
aofbanking
banks
or
than
group
shall
aformed
company
banking
of
apply
individuals
for
tocompany
formed
the protection
shall,
for
shall
one
foruse
or
of
themore
their
as part
of
of its
purpose
the
mutual
purposes
name
interests
of carrying
15[or,
mentioned
and
inon
connection
registered
any
in sub-section
business,
under
with its
use
section
(1)
business]
asofpart
section
25 of
ofany
its
the
19,
of
or whose
the
his
words indicates
name
Companies
any
bank,
ofAct,
banker
thethat
1956
words
or
it(1
is
banking
bank,
of
a subsidiary
1956).]
banking
and noofor
company
that
banking
banking
shall
company.
company;
carry on
the business of banking in India unless it uses as part of its name
at least one of such words.
Banking Policy
Banking
Every bank is required to keep cash reserve, with itself or by way of bal
SLR
Continued.
(2) The Reserve Bank shall make an annual report to the Central Gover
(1) The provisions of section II, sub-section (1) of section 12, and sectio
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