Amendment status not verified — confirm the current text below against the official source.
Definitions.— In this Act, unless the context otherwise requires,— 1[(1) “bank” means,- (i) a banking company to which the Banking Regulation Act, 1949 (Central Act 10 of 1949) applies; (ii) the State Bank of India constituted under the State Bank of India Act, 1955 (Central Act 23 of 1955); (iii) a subsidiary bank defined in clause (k) of section 2 of the State Bank of India (Subsidiary Banks) Act, 1959 (Central Act 38 of 1959); (iv) a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (Central Act 5 of 1970); (v) a regional rural bank established under the Regional Rural Banks Act, 1976 (Central Act 21 of 1976); (vi) a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (Central Act 40 of 1980); (vii) the Industrial Development Bank of India established under the Industrial Development Bank of India Act, 1964 (Central Act 18 of 1964); (viii) the National Bank for Agriculture and Rural Development established under the National Bank for Agriculture and Rural Development Act, 1981 (Central Act 61 of 1981); (ix) the Export Import Bank of India established under the Export Import Bank of India Act, 1981 (Central Act 11 of 1959);”. (x) the Industrial Finance Corporation of India established under the Industrial Finance Corporation of India Act, 1948 (Central Act 15 of 1948); (xi) State Financial Corporations established under the State Financial Corporation, Act, 1951 (Central Act 63 of 1951); 2[(xii) the Industrial Reconstruction Bank of India established under the Industrial Reconstruction Bank of India Act, 1984 (Central Act 62 of 1984);]2 (xiii) the Industrial Credit and Investment Corporation of India Limited, a company incorporated under the Indian Companies Act, 1913 (Central Act 7 of 1913).]1