Amendment status not verified — confirm the current text below against the official source.
Substituted by Act 09 of 2025 w.e.f. 10.01.2025. 9 (4) “Financial Establishment” means any person or a group of individuals accepting deposit under any scheme or arrangement or in any other manner but does not include a corporation or a co-operative society owned or controlled by any State Government or the Central Government or a banking company as defined under clause (c) of section 5 of the Banking Regulation Act, 1949 (Central Act X of 1949); 1[2[(4-a) "Market intelligence" means and includes the process of gathering actionable information from all available sources, but not restricted to resources on the internet, regulatory departments, media publications, advertisements whether in print or electronic media or inducing another person to invest in, or become a member or participant of any scheme, social media, surveys and polls, complaints and grievances submitted online manually or orally, or representations from advocates or associations authorized by depositors, about a financial establishment regarding its qualitative and Performance Indicators, financial position and market quantitative Key trends, current and former owners, directors, promoters, partners, agents etc, schemes, regulatory compliances, promotional activities and analysis using suitable tools for the purpose of accurate and confident decision making in determining and regulating fraudulent activities, if any with an objective of protecting the interest of depositors under this Act.]2]1