Indian Bare Acts

Search Alphabatically :

THE RESERVE BANK OF INDIA ACT, 1934

Title : THE RESERVE BANK OF INDIA ACT, 1934

Year : 1934



(1) The Central Board may, with the previous sanction of the 1*[Central Government], 2*[by notification in the Official Gazette,] make regulations consistent with this Act to provide for all matters for which provision is necessary or convenient for the purpose of giving effect to the provisions of this Act.

(2) In particular without prejudice to the generality of the foregoing provision, such regulations may provide for all or any of the following matters, namely:-

3[***]

(f) The manner in which the business of the Central Board shall be transacted, and the procedure to be followed at meetings thereof;

(g) The conduct of business of Local Boards and the delegation to such Boards of powers and functions;

(h) The delegation of powers and functions of the Central Board 4[***] to Deputy Governors, Directors or officers of the Bank;

(i) The formation of Committees of the Central Board, the delegation of powers and functions of the Central Board to such Committees, and the conduct of business in such Committees;

(j) The constitution and management of staff and superannuation funds for the officers and servants of the Bank;

(k) The manner and form in which contracts binding on the Bank may be executed;

(l) The provision of an official seal of the Bank and the manner and effect of its use;

(m) The manner and form in which the balance-sheet of the Bank shall be drawn up and in which the accounts shall be maintained;

(n) The remuneration of Directors of the Bank;

(o) The relations of the scheduled banks with the Bank and the returns to be submitted by the scheduled banks to the Bank;

(p) The regulation of clearing-houses for the 5*[the banks (including post office savings banks)];

6*[(pp) The regulation of fund transfer through electronic means between the banks or between the banks and other financial institutions referred to in clause (c) of section 45-1, including the laying down of the conditions subject to which banks and other financial institutions shall participate in such fund transfers, the manner of such fund transfers and the rights and obligations of the participants in such fund transfers;]

(q) The circumstances in which, and the conditions and limitations subject to which, the value of any lost, stolen, mutilated or imperfect currency note of the Government of India or bank note may be refunded;

9*[(qa) The remuneration and other allowances payable to Members of the Monetary Policy Committee under sub-section (2) of section 45ZD;

(qb) The functions of the Secretary under sub-section (2) of section 45ZG;

(qc) The procedure, manner of conducting of meetings and related matters of the Monetary Policy Committee under sub-section (12) of section 45ZI;

(qd) The particulars and the frequency of publication of document under sub-section (2) of section 45ZJ;

(qe) The form and contents of the Monetary Policy Report to be published under sub-section (2) of section 45ZM;] and

(r) Generally, for the efficient conduct of the business of the Bank.

7*[(3) Any regulation made under this section shall have effect from such earlier or later date as may be specified in the regulation.

(4) Every regulation shall, as soon as may be after it is made by the Central Board, be, forwarded to the Central Government and that Government shall cause a copy of the same to be laid before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the regulation, or both Houses agree that the regulation should not be made, the regulation shall, thereafter, have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that regulation.]

8*[(5)] Copies of all regulations made under this section shall be available to the public on payment.

58A -10* Protection of action taken in good faith

(1) No suit, prosecution or other legal proceeding shall lie against the Central Government or the Bank or any other person in respect of any thing which is in good faith done or intended to be done under this Act or in pursuance of any order, regulation or direction made or given there under.

(2) No suit or other legal proceeding shall lie against the Central Government or the Bank for any damage caused or likely to be caused by anything which is in good faith done or intended to be done under this Act or in pursuance of any order, regulation or direction made or given there under.]

58B - Penalties

(1) Whoever in any application, declaration, return, statement,information or particulars made, required or furnished by or under or for the purposes of any provisions of this Act, or any order, regulation or direction made or given thereunder or in any prospectus or advertisement issued for or in connection with the invitation by any person, of deposits of money from the public willfully makes a statement which is false in any material particular knowing it to be false or willfully omits to make a material statement shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to fine.

(2) If any person fails to produce any book, account or other document or to furnish any statement, information or particulars which, under this Act or any order, regulation or direction made or given thereunder, it is his duty to produce or furnish or to answer any question put to him in pursuance of the provisions of this Act or of any order, regulation or direction made or given thereunder, he shall be punishable with fine which may extend to two thousand rupees in respect of each offence and if he persists in such failure or refusal, with further fine which may extend to one hundred rupees for every day, after the first during which the offence continues.

(3) If any person contravenes the provisions of section 31, he shall be punishable with fine which may extend to the amount of the bill of exchange, hundi, promissory note or engagement for payment of money in respect whereof the offence is committed.

(4) If any person discloses any credit information, the disclosure of which is prohibited under section 45E, he shall be punishable with imprisonment for a term which may extend to six mounts, or with fine which may extend to one thousand rupees, or with both.

11*[(4A) If any person contravenes the provisions of sub-section (1) of section 45-IA, he shall be punishable with imprisonment for a term which shall not be less than one year but which may extend to five years and with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.

(4AA) If any auditor fails to comply with any direction given or order made by the Bank under section 45MA, he shall be punishable with fine which may extend to five thousand rupees.

(4AAA) Whoever fails to comply with any order made by the Company Law Board under sub-section (2) of section 45QA, shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to a fine of not less than rupees fifty for every day during which such non-compliance continues.]

(5) If any person 11*[other than an auditor]-

(a) Receives any deposit in contravention of any direction given or order made under Chapter IIIB; or

11*[(aa) Fails to comply with any direction given or order made by the Bank under any of the provisions of Chapter IIIB; or]

(b) Issues any prospectus or advertisement otherwise than in accordance with section 45NA or any order made under section 45], as the case may be,he shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to fine which may extend,-

(i) In the case of a contravention falling under clause (a), to twice the amount of the deposit received; and

(ii) In the case of a contravention falling under clause (b), to twice the amount of the deposit called for by the prospectus or advertisement.

12*[(5A) If any person contravenes any provision of section 45S, he shall be punishable with imprisonment for a term which may extend to two years, or with fine which may extend to twice the amount of deposit received by such person in contravention of that section, or two thousand rupees, whichever is more, or with both:

Provided that in the absence of special and adequate reasons to the contrary to be mentioned in the judgment of the court, the imprisonment shall not be less than one year and the fine shall not be less than one thousand rupees.

(5B) Notwithstanding anything contained in section 29 of the Code of Criminal Procedure, 1973 (2 of 1974), it shall be lawful for Metropolitan Magistrate or a Judicial Magistrate of the first class to impose a sentence of the fine in excess of the limit specified in that section on any person convicted under sub-section (5A).]

(6) If any other provision of this Act is contravened of if any default is made in complying with any other requirement of this Act or of any order, regulation or direction made or given or condition imposed there under, any person guilty of such contravention or default shall be punishable with fine which may extend to two thousand rupees and where a contravention or default is a continuing one, with further fine which may extend to one hundred rupees for every day, after the first, during which the contravention or default continues.

58C - Offences by companies

(1) Where a person committing a contravention or default referred to in section 58B is a company, every person who, at the time the contravention or default was committed, was in charge of, and was responsible to, the company for the conduct of the business of the company, as well as the company, shall be deemed to be guilty of the contravention or default and shall be liable to be proceeded against and punished accordingly:

Provided that nothing contained in this sub-section shall render any such person liable to punishment if he proves that the contravention or default was committed without his knowledge or that he had exercised all due diligence to prevent the contravention or default.

(2) Notwithstanding anything contained in sub-section (1), where an offence under this Act has been committed by a company and it is proved that the same was committed with the consent or connivance of, or is attributable to any neglect on the part of, any director, manager, secretary, or other officer or employee of the company, such director, manager, secretary, other officer or employee shall also be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly.

Explanation 1.-Any offence punishable under this Act shall be deemed to have been committed at the place where the registered office or the principal place of business, as the case may be, in India, of the company is situated.

Explanation 2.-For the purpose of this section,-

(a) "A company" means any body corporate and includes a corporation, a non-banking institution, a firm, a co-operative society or other association of individuals;

(b) "Director", in relation to a firm, means a partner in the firm.

58D - Application of section 58B barred

Nothing contained in section 58B shall apply to, or in respect of, any matter dealt with in section 42.

58E - Cognizance of offences

(1) No court shall take cognizance of any offence punishable under this Act except upon a complaint in writing made by an officer of the Bank, generally or specially authorised in writing in this behalf by the Bank, and no court other than that of a Metropolitan Magistrate or a Judicial Magistrate of the first class or a court superior thereto shall try any such offence:

13*[Provided that in respect of any offence punishable under sub-section (5A) of section 58B, a complaint in writing may also be made by an officer of the State Government, generally or specially authorised in writing in this behalf by that Government.]

(2) Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974) a Magistrate may, if he see reason so to do, dispense with the personal attendance of the officer of the Bank filing the complaint, but the Magistrate may in his discretion, at any stage of the proceedings, direct the personal attendance of the complainant.

58F - Application of fine

A Court imposing any fine under this Act may direct that the whole or any part thereof shall be applied in, or towards payment of, the costs of the proceedings.

58G - 14*Power of Bank to impose fine

(1) Notwithstanding anything contained in section 58B, if the contravention or default of the nature referred to in section 58B is committed by a non-banking financial company, the Bank may impose on such non-banking financial company-

(a) A penalty not exceeding five thousand rupees; or

(b) Where the contravention or default is under sub-section (4A) or clause (a) or clause (aa) of sub-section (5) of section 58B, a penalty of five lakh rupees or twice the amount involved in such contravention or default, where the amount is quantifiable, whichever is more; and where such contravention or default is a continuing one, further penalty which may extend to twenty-five thousand rupees for every day, after the first, during which the contravention or default continues.

(2) For the purpose of imposing penalty under sub-section (1), the Bank shall serve a notice on the non-banking financial company requiring it to show cause why the amount specified in the notice should not be imposed as a penalty and a reasonable opportunity of being heard shall also be given to such non-banking financial company.

(3) Any penalty imposed by the Bank under this section shall be payable within a period of thirty days from the date on which notice issued by the Bank demanding payment of the sum is served on the non-banking financial company and, in the event of failure of the non-banking financial company to pay the sum within such period, may be levied on a direction made by the principal civil court having jurisdiction in the area where the registered office or the head office of the non-banking financial company is situated:-

Provided
that no such direction shall be made, except on an application made by an officer of the Bank authorised in this behalf, to by the principal civil court.

(4) The court which makes a direction under sub-section (4), shall issue a certificate specifying the sum payable by the non-banking financial company and every such certificate shall be enforceable in the same manner as if it were a decree made by the court in a civil suit.

(5) No complaint shall be filed against any non-banking financial company in any court of law pertaining to any contravention or default in respect of which any penalty has been imposed by the Bank under this section.

(6) Where any complaint has been filed against a non-banking financial company in a court in respect of contravention or default of the nature referred to in section 58B, no proceedings for imposition of penalty against that non-banking financial company shall be taken under this section.]

-------------------------------------------------------------------------------------------------------------------------------------------------------------

1. Sub-section (2) omitted by Act 62 of 1948, section 7 and Schedule (w.e.f. 1-1-1949).

2. Inserted by Act 66 of 1988, section 6 (w.e.f. 3042-1988).

3. Clauses (a) to (e) omitted by Act 62 of 1948, section 7 and Schedule (w.e.f. 1-1-1949).

4. The words "to the Governor, or" omitted by Act 54 of 1953, section 8 (w.e.f. 30-12-1953).

5. Substituted by Act 66 of 1988, section 6, for "schedule banks" (w.e.f. 30-12-1988).

6. Inserted by Act 21 of 2000, section 94 and Schedule IV (w.e.f. 7-10-2000).

7. Inserted by Act 51 of 1974, section 24 (w.e.f. 13-12-1974).

8. Sub-section (3) re-numbered as sub-section (5) by Act 51 of 1974, section 24 (w.e.f. 13-12-1974).

9. Inserted by Finance Act, 2016.

10. Inserted by Act 51 of 1974, section 26 (w.e.f. 13-12-1974).

11. Inserted by Act 23 of 1997, section 10 (w.e.f. 9-1-1997).

12. Inserted by Act 1 of 1984, section 11 (w.e.f. 15-2-1984).

13. Inserted by Act 1 of 1984, section 12 (w.e.f. 15-2-1984).

14. Inserted by Act 23 of 1997, section 11 (w.r.e.f. 9-1-1997).

-------------------------------------------------------------------------------------------------------------------------------------------------------------



[Rep. by the Repealing and Amending Act, 1937 (20 of 1937, section 3 and Schedule II.]



[Rep. by the Repealing and Amending Act, 1937 (20 of 1937, section 3 and Schedule IL]



[Rep. by the Repealing and Amending Act, 1937 (20 of 1937, section 7 and Schedule IL]

Schedule 1

1*[THE FIRST SCHEDULE
[See section 9]

2*[1. The Western Area shall consist of the States of Goa, Gujarat, Madhya Pradesh and Maharashtra and the Union Territories of Dadra and Nagar Haveli, and Daman and Diu.

2. The Eastern Area shall consist of the States of Arunachal Pradesh, Assam, Bihar, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Sikkim, Tripura and West Bengal and the Union territories of Andaman and Nicobar Islands.]

3. The Northern Area shall consist of the States of Jammu and Kashmir,3*[Punjab, Haryana,]4*[Himachal Pradesh], Rajasthan and Uttar Pradesh and the Union territories of5*[Chandigarh]6*[and Delhi].

4. The Southern area shall consist of the States of Andhra Pradesh,7*[Karnataka.]8*[Tamil Nadu] and Kerala and the9*[Union territories of Pondicherry and10*[Lakshadweep]].]

--------------------------------------------------------------------------------------------------------------------------------------------------------

1. Substituted by the Adaptation of Laws (No. 3) Order, 1956, for the former First Schedule.

2. Substituted by Act 23 of 1997, section 12, for items 1 and 2 (w.e.f. 9-1-1997).

3. Substituted by the Punjab Reorganisation and Delhi High Court (Adaptation of Laws on Union Subjects) Order, 1968, for "Punjab" (w.e.f. 1-11-1966).

4. Inserted by the State of Himachal Pradesh (Adaptation of Laws on Union Subjects) Order, 1973 (w.e.f. 25-1-1971).

5. Inserted by the Punjab Reorganisation and Delhi High Court (Adaptation of Laws on Union Subjects) Order, 1968 (w.e.f. 1-11-1966).

6. Substituted by the State of Himachal Pradesh (Adaptation of Laws on Union Subjects) Order, 1973, for "Himachal Pradesh and Delhi" (w.e.f. 25-1-1977).

7. Substituted by the Mysore State (Alteration of Name) (Adaptation of Laws on Union Subjects) Order, 1973, for 'Mysore" (w.e.f. 1-11-1973).

8. Substituted by the Madras State (Alteration of Name) (Adaptation of Laws on Union Subjects) Order, 1970, for "Madras" (w.e.f. 14-1-1969).

9. Substituted by Reg. 7 of 1963, section 8, for "Union Territory of Laccadive, Minicoy and Amindivi Islands".

10. Substituted by the Laccadive, Minicoy and Amindivi Islands (Alternation of Name) (Adaptation of Laws) Order, 1974, for "Laccadive, Minicoy and Amindivi Islands" (w.e.f. 1-11-1973).

----------------------------------------------------------------------------------------------------------------------------------------------------------

Schedule 2

1*THE SECOND SCHEDULE

[See section 42 and section 2* (e)]

SCHEDULED BANKS

Abhyudaya Co-operative Bank Ltd., Bombay.

Adhiyaman Grama Bank, Dharamapuri (Tamil Nadu).

Ahmednagar Sahakari Bank ltd., Mumbai (1998)
Ajodhia Bank, Fyzabad.

Akola Gramin Bank, Akola (Maharashtra).

Akola Janta Commercial Co-operative Bank Ltd., Akola (Maharashtra) (w.e.f. 22-5-1999).

Alaknanda Grarnin Bank, Pauri (Uttar Pradesh).

Akola Janta Commercial Co-operative Bank Ltd., Akola (Maharashtra).

Akola Urban Co-operative Bank Ltd., Akola (Maharashtra).

Algemene Bank Nederland N.V. Aligarh Gramin Bank,
Aligarh (Uttar Pradesh). Allahabad Bank.

Allahabad Kshetriya Gramin Bank, Allahabad (Uttar Pradesh).

Alwar Bharatpur Anchalik Gramin Bank, Bharatpur (Rajasthan).

Amahath Co-operative Bank Ltd., Bangalore (Karnataka) (w.e.f. 29-1-2002).

Ambala-Kurukshetra Gramin Bank, Ambala (Haryana). American Express Bank Ltd.

American Express International Banking Corporation. ANZ Grindlays Bank Limited (6-8-1996). Andhra Bank.

Andhra Pradesh State Co-operative Bank Ltd., Hyderabad.
Arab Bangladesh Bank Limited (10-6-1996).

Aravali Kshetriya Gramin Bank, Sawai Madhopur (Rajasthan).

Arunachal Pradesh Rural Bank, Pasighat (Arunachal Pradesh).

Aurangabad Jalna Gramin Bank, Aurangabad (Maharashtra).

Avaroli Kshetriya Gramin Bank Sawai Madhopur (Rajasthan) (1981)

Baitarani Grarnya Bank, Baripada (Orissa).

Balasore Gramya Bank, Balasore (Orissa).

Ballia Kshetriya Gramin Bank, Ballia (Uttar Pradesh).

Banaskantha Mehsana Gramin Bank, Pa tan (Gujarat).

Bank International, Indonesia (18-4-1996).

Bank of America National Association.

Bank of Bahrain and Kuwait BSC (1986). Bank of Baroda.

Bank of China, Calcutta. Bank of Cochin Ltd., Eruakulam.

Bank of Credit and Commerce International (Overseas) Ltd. Bank of Cylon (30-12-1995).

Bank of India

Bank of Karad Ltd., Karad.

Bank of Karnataka, Hubli.

Bank of Kerala Ltd.

Bank of Madura Ltd., Madurai.

Bank of Maharashtra.

Bank of Nova Scotia.

Bank of Oman Ltd.

Bank of Punjab Ltd. (1995)

Bank of Rajasthan Ltd., Udaipur.

Bank of Tamilnad Ltd.

Bank of Thanjavur Ltd.

10[Bank of Tokyo - Mitsubishi UFJ, Ltd]

Banque Indosuez.

Banque Nationale de Paris.

Bara Banki Gramin Bank, Bara Banki (Uttar Pradesh).

Bardhaman Gramin Bank. Burdwan (West Bengal).

Bareilly Corporation Bank Ltd., Bareilly.

Bareilly Kshetriya Gramin Bank, Bareilly (Uttar Pradesh).

Bastar Kshetriya Gramin Bank, Jagdalpur (Madhya Pradesh).

Basti Gramin Bank, Basti (Uttar Pradesh).

Begusarai Kshetriya Gramin Bank, Begusarai (Bihar).

1[***]

Bhagalpur-Banka Kshetriya Gramin Bank, Bhagalpur (Bihar).

Bhagirath Gramin Bank, Sitapur (Uttar Pradesh).

Bhandara Gramin Bank, Bhandara (Maharashtra).

Bharat Overseas Bank Ltd., Madras.

Bharati Sahakari Bank Ltd., Pune- 411030 (Maharashtra) (w.e.f. 1-6-2002).

Bhilwara Ajmer Kshetriya Gramin Bank (Rajasthan).

Bhojpur Rohtas Gramin Bank, Arrah (Bihar).

Bidur Gramin Bank Bijnor (U.P.) (1983).

Bihar State Co-operative Bank Ltd., Patna.

Bijapur Grameena Bank, Bijapur (Karnataka).

Bikaner Kshetriya Gramin Bank, Bikaner (Rajasthan).

Bilaspur Raipur Kshetriya Gramin Bank, Bilaspur (Madhya Pradesh).

Bolangir Anchalik Gramya Bank, Bolangir (Orissa).

Bombay Mercantile Co-operative Bank Ltd., Bombay.

2[***]

Buldhana Gramin Bank, Buldhana (Maharashtra).

Bundelkhand Kshetriya Gramin Bank, Tikamgarh (Madhya Pradesh).

Bundi-Chittorgarh Kshetriya Gramin Bank, Bundi (Rajasthan).

Cachar Gramin Bank, Silchar (Assam).

Canara Bank.

Canara Industrial and Banking Syndicate, Udipi.

Catholic Syrian Bank Ltd., Trichur.

Cauvery Grameena Bank, Mysore (Karnataka).

Central Bank of India.

9*[Centurion Bank of Punjab Limited]
 
Chaitanya Grameena Bank, Tenali, Guntur Distt. (Andhra Pradesh).

Chambal Kshetriya Gramin Bank, Morena (Madhya Pradesh).

Champaran Kshetriya Gramin Bank, Motihari (Bihar).

Chandrapur Gadchiroli Gramin Bank, Chandrapur (Maharashtra).

Charminar Co-operative Urban Bank Ltd., Hyderabad (Andhra Pradesh) (w.e.f. 26-2-2000).

Charotar Nagrik Sahakari Bank Ltd., Anand (Gujarat (w.e.f. 22-5-1999).

Chase Manhattan Bank (17-8-1996).

Chattrasal Gramin Bank, Oral (Uttar Pradesh).

Chhindwara Seoni Kshetriya Gramin Bank, Chhindwara (Madhya Pradesh).

Chikmagalur-Kodagu Grameena Bank, Chikmagalur (Karnataka).

Chinatrust Commercial Bank (22-6-1996).

Chitradurga Gramin Bank, Chitradurga (Karnataka).

Cho Hung Bank (3-6-1996).

Citi Bank N.A.

City Union Bank Ltd.

Commerce Bank AG (1996).

Commercial Bank of Korea Ltd. (10-5-1997).

12*[Commonwealth Bank of Australia]Comptoir National D' Escompte de Paris.

Co-operative Bank of Ahmedabad Ltd., Ahmedabad (Gujrat) (w.e.f. 29-1-2002).

Corporation Bank.

Cuttack Gramya Bank, Cuttack (Orissa).

Deutsche Bank A.G. (1988).

Development Bank of Singapore Limited (1995).

Development Credit Bank Limited (1995).

Development Co-operative Bank Ltd., Bombay (1995).

Damoh-Panna-Sagar Kshetriya Gramin Bank, Damoh (Madhya Pradesh).

Dena Bank, Bombay.

Devipatan Kshetriya Gramin Bank, Gonda (Uttar Pradesh).

Dewas Shajapur Kshetriya Gramin Bank, Dewas (Madhya Pradesh).

Dhanalakshmi Bank Ltd., Trichur.

Dhenkanal Gramya Bank, Dhenkanal (Orissa).

Dresdner Bank AG (w.e.f. 30-9-1995).

Dungarpur-Banswara Kshetriya Gramin Bank Dungarpur (Rajasthan).

Durg-Rajanandgaon Gramin Bank, Rajanandgaon (Madhya Pradesh).

Eastern Bank.

Ellaquai Dehati Bank, Srinagar (Jammu & Kashmir).

Emirates Commercial Bank Ltd.

Etah Gramin Bank, Etah (Uttar Pradesh).

Etawah Kshetriya Gramin Bank, Etawah (Uttar Pradesh).

European Asian Bank.

Faizabad Kshetriya Gramin Bank, Faizabad (Uttar Pradesh).

Faridkot Bhatinda Kshetriya Gramin Bank, Bhatinda (Punjab).

3[***]

Farrukhabad Gramin Bank, Farrukhabad (Uttar Pradesh).

Fatehpur Kshetriya Gramin Bank, Fatehpur (Uttar Pradesh).
Federal Bank Ltd., Alwaye.

Fuji Bank Limited (20-7-1996).

Ganesh Bank of Kurundwad Ltd. (1993).

General Bank of Netherlands.

Gadodia Bank, Bombay.

Ganga Yamuna Gramin Bank, Dehradun (Uttar Pradesh).

Gaur Gramin Bank, Malda (West Bengal).

Giridih Kshetriya Gramin Bank, Giridih (Bihar).

Goa State Co-operative Bank Ltd. (1994).

Godavari Grameena Bank, Rajahmundry (Andhra Pradesh).

Golconda Gramin Bank, Hyderabad (Andhra Pradesh).

Gomati Gramin Bank, Jaunpur (Uttar Pradesh).

Gopalganj Kshetriya Gramin Bank, Gopalganj (Bihar).

Gorakhpur Kshetriya Gramin Bank, Gorakhpur (Uttar Pradesh).
Grindlays Bank P.L.C.

Gujarat State Co-operative Bank Ltd., Ahmedabad.

Gurdaspur Amritsar Kshetriya Gramin Vikas Bank, Gurdaspur (Punjab).

Gurgaon Gramin Bank, Gurgaon (Haryana).

Gwalior Datia Kshetriya Gramin Bank, Datia (Madhya Pradesh).
HDFC Bank Ltd. (1995).

Habib Bank Ltd.

Hadoli Kshetriya Gramin Bank, Kotak (Rajasthan).

5[***]

Hardoi-Unnao Gramin Bank, Hardoi (Uttar Pradesh).

Haryana Kshetriya Gramin Bank, Bhiwani (Haryana).

Haryana State Co-operative Bank Ltd., Ambala City, with Headquarters at Chandigarh.

Hazaribagh Kshetriya Gramin Bank, Hazaribagh (Bihar).

Himachal Gramin Bank, Mandi (Himachal Pradesh).

Hindon Gramin Bank, Ghaziabad (Uttar Pradesh).

Hindustan Commercial Bank Ltd., Cawnpore.

Hissar-Sirsa Kshetriya Gramin Bank, Hissar (Haryana).

Hongkong and Shanghai Banking Corporation.

Howrah Gramin Bank, Howrah (West Bengal).

ICICI Bank Ltd.

Ichalkaranji Janta Sahkari Bank Ltd., Ichalkaranji (Maharashtra) (w.e.f. 29-1-2000).

ING Bank NV.

Indian Mercantile Co-operative Bank Ltd., 26-A, Cantonment Road, Lucknow-226001 (Uttar Pradesh) (w.e.f. 3-11-2001).

Indus Bank Limited. (1994).

5[Industrial Development Bank of India Limited].

International Nederlanden Bank N.V. (1994). Indian Bank, Madras.

Indian Overseas Bank, Madras.

Indore-Ujjain Kshetriya Gramin Bank, Ujjain (Madhya Pradesh).

Jaipur Nagaur Anchalik Gramin Bank, Jaipur (Rajasthan).

Jalgaon Janta Sahakari Bank Ltd., Jalgaon (Maharashtra) (w.e.f. 29-1-2000).

Jammu and Kashmir Bank Ltd., Srinagar.

Jammu Rural Bank, Jammu (Jammu & Kashmir).

Jamnag'ar Gramin Bank, Jamnagar (Gujarat) (1978). Jamuna Gramin Bank, Agra (Uttar Pradesh).

Janakalyan Sahakari Bank Ltd., Chembur, Mumbai (1998).

Janalaxmi Co-operative Bank Ltd., Nashik (Maharashtra) (w.e.f. 29-1-2000) Janata Sahakari Bank Ltd., Pune.

Jhabua-Dhar Kshetriya Gramin Bank, Jhabua (Madhya Pradesh).

Junagadh Amreli Gramin Bank, Junagadh (Gujarat).

Ka Bank Nongkyndong Ri Khasi Jaintia (Meghalaya) (1981).

Karbi N.C. Rural Bank, Diphu (Assam) (1982).

Kakathiya Grameena Bank, Warrangal (Andhra Pradesh).

Kalahandi Anchalika Gramya Bank, Bhawanipatna (Orissa).

Kalpatharu Grameena Bank, Tumkur (Karnataka).

Kalupur Commercial Co-operative Bank Ltd., Ahmedabad.

Kalyan Janta Sahakari Bank Ltd., Kalyan (Maharashtra) (w.e.f. 29-1-2000).

Kamraz Rural Bank, Sopore (Jammu & Kashmir). Kamani Industrial Bank.

Kanakadurga Grameena Bank, Gudivada (Andhra Pradesh).

Kanpur Kshetriya Gramin Bank, Kanpur (Uttar Pradesh).

Kapol Co-operative Bank Ltd., Mumbai (1998).

Kapurthala Firozpur Kshetriya Gramin Bank, Kapurthala (Punjab).

Karad Urban Co-operative Bank Ltd., Karad (Maharashtra) (w.e.f. 29-1-2000).

Karnataka Bank Ltd., Mangalore.

Karnataka State Co-operative Bank Ltd., Bangalore.

Karur Vysya Bank Ltd.

Kashi Gramin Bank, Varanasi (Uttar Pradesh).

Kerala State Co-operative Bank Ltd., Trivandrum.

Khamgaon Urban Co-operative Bank Ltd., Khamgaon (Maharashtra)
(w.e.f. 22-5-1999).

Khasi Jaintia Rural Bank, Shillong (Meghalaya).

Kissan Gramin Bank, Budaun (Uttar Pradesh).
 
Kolar Gramin Bank,
 
Kolar (Karnataka).

Koraput Panchabati Gramya Bank, Jeypore (Orissa).

Kosi Kshetriya Gramin Bank, Purnea (Bihar).

Kotak Mahindra Bank Ltd.

Krishna Grameena Bank, Gulbarga (Karnataka).

Krishna ram Baldeo Bank (Private) Ltd., Gwalior.

Krung Thai Bank Public Company Limited (25-1-1997).

Kshetriya Gramin Bank, Hoshangabad (Madhya Pradesh).

Kshetriya Kisan Gramin Bank, Mainpuri (Uttar Pradesh).

Kumbakonam City Union Bank Ltd.

Kutch Gramin Bank, Bhuj (Gujarat). Lakshmi Commercial Bank Ltd.

Lakhimi Gaonlia Bank, Golaghat (Assam).

Lakshmi Vilas Bank Ltd.,Karur.

Langpi Dehangi Rural Bank, Diphu (Assam).

Lord Krishna Bank Ltd.,Kodungallur.

Mel'abhum Gramin Bank, Bankura (1976).

Madhubani Kshetriya Gramin Bank, Madhubani (Bihar).

Madhya Pradesh Rajya Sahakari Bank Maryadit, Jabalpur.

Magadh Gramin Bank, Gaya (Bihar).

Mahakaushal Kshetriya Gramin Bank, Narsinghpur (Madhya Pradesh).

Maharashtra State Co-operative Bank Ltd., Bombay.

Malaprabha Grameena Bank, Dharwar (Karnataka).

Mallabhum Gramin Bank, Bankura (West Bengal).

Malwa Gramin Bank, Sangrur (Punjab).

Mandla Balaghat Kshetriya Gramin Bank, Mandla (Madhya Pradesh).

Mandvi Co-operative Bank Ltd.,Mumbai (Maharashtra) (w.e.f. 29-1-2000).

Manipur Rural Bank, Imphal (Manipur).

Manjira Grameena Bank, Sangareddy, Medak (Andhra Pradesh).

Mapusa Urban Co-operative Bank of Goa Ltd., Mapusa (Goa).

Marathwada Gramin Bank, Nanded (Maharashtra).

Marudhar Kshetriya Gramin Bank, Churu (Rajasthan).

Marwar Gramin Bank, Pali (Rajasthan).

Mayurakshi Gramin Bank, Suri (West Bengal).

Mehasana Urban Co-operative Bank Ltd., Mahsana (Gujrat) (w.e.f. 29-1-2000).

Mewar Anchalik Gramin Bank, Udaipur (Rajasthan).

Miraj State Bank Ltd.

Mithila Kshetriya Gramin Bank, Darbhanga (Bihar).

Mitsui Bank Ltd.

Mizoram Rural Bank (Mizoram).

Monghyr Kshetriya Gramin Bank, Monghyr (Bihar).

Murshidabad Gramin Bank, Berhampore (West Bengal).

Muzaffarnagar Kshetriya Gramin Bank, Muzaffarnagar (Uttar Pradesh).

Nadar Bank, Tuticorin.

Nadia Gramin Bank, Krishnagar (West Bengal).

Nagaland Rural Bank, Kohima (Nagaland).

Nagar Urban Co-operative Bank Ltd., Ahmednagar, (Maharashtra) (w.e.f. 29-1-2000).

Nagarjuna Grameena Bank, Khammam (Andhra Pradesh).

Nagpur Nagrik Sahakari Bank Ltd., Nagpur (Maharashtra) (w.e.f. 22-5-1999).

Nainital Almora Kshetriya Gramin Bank, Nainital (Uttar Pradesh).

Nainital Bank Ltd.

Nalanda Gramin Bank, Biharshariff (Bihar).

National Bank of Pakistan.

6[***]

Netravati Grameena Bank, Mangalore (Karnataka).

7[***]

Nimar Kshetriya Gramin Bank, Khargone (Madhya Pradesh).

North Malabar Gramin Bank, Cannanore (Kerala).

Nutan Nagarik Shakari Bank Ltd., Ahmedabad (Gujrat) (w.e.f. 29-1-2000).

Oriental Bank of Commerce.

Orissa State Co-operative Bank Ltd., Cuttack.

Overseas-Chinese Banking Corporation Limited (8-3-1997).
Pandyan Bank

Parsik Janata Sahakari Bank Ltd., Thane (1998).

Palamau Kshetriya Gramin Bank, Daltonganj (Bihar).

Panchamahal Gramin Bank, Godhra (Gujarat).

Pandyan Grama Bank, Sattur (Tamil Nadu).

Parur Central Bank Ltd.

Parvatiya Gramin Bank, Chamba (Himachal Pradesh).

Patliputra Gramin Bank, Patna (Bihar).

Pinnakini Grameena Bank, Nellore (Andhra Pradesh).

Pithoragarh Kshetriya Gramin Bank, Pithoragrah (Uttar Pradesh).

Pondicherry State Cooperative Bank Ltd. (w.e.f. 20-7-1995).

Pragjyotish Gaonlia Bank, Nalbari (Assam).

Pratapgarh Kshetriya Gramin Bank, Pratapgarh (Uttar Pradesh).

Prathama Bank, Moradabad (Uttar Pradesh).

Punjab and Maharashtra Co-operative Bank Ltd., Mumbai (Maharashtra) (w.e.f. 29-1-2000).

Punjab and Sind Bank, Amritsar.

Punjab Co-operative Bank Ltd., Amritsar.

Punjab National Bank.

Punjab State Co-operative Bank Ltd., Chandigarh.

Purbanchal Bank Ltd., Gauhati.

Puri Gramya Bank, Pipli (Orissa).

Raigarh Kshetriya Gramin Bank, Raigarh (Madhya Pradesh).

Rajasthan State Co-operative Bank Ltd., Jaipur.

Rajgarh Sehore Kshetriya Gramin Bank, Rajgarh (Madhya Pradesh).

Rajkot Nagrik Sahakari Bank Ltd., Bombay.

Ranchi Kshetriya Gramin Bank, Ranchi (Bihar).

Rani Laxmi Bai Kshetriya Gramin Bank, Jhansi (Uttar Pradesh).

Ratlam Mandsaur Kshetriya Gramin Bank, Mandsaur (Madhya Pradesh).

Ratnagiri Sindhudurg Gramin Bank, Ratnagiri (Maharashtra).

Ratnakar Bank Ltd., Kolhapur.

Rayalaseema Grameena Bank, Cuddapah (Andhra Pradesh).

Rae Bareli Kshetriya Gramin Bank, Rae Bareli (Uttar Pradesh).

Rewa Sidhi Gramin Bank, Rewa (Madhya Pradesh).

Rupee Co-operative Bank Ltd., Pune.

Rushikulya Gramya Bank, Berhampur (Orissa).

Sakma Bank Limited (1992).

Sabarkantha-Gandhinagar Gramin Bank, Himatnagar (Gujarat).

Sagar Gramin Bank, Amtala (West Bengal).

Sahyadri Gramin Bank, Shimoga (Karnataka).

Samastipur Kshetriya Gramin Bank, Samastipur (Bihar).

Samyut Kshetriya Gramin Bank, Belaisa (Uttar Pradesh).

Sangameswaran Grameena Bank, Mehboob Nagar (Andhra Pradesh).

Sangli Bank Ltd.

Sangli Urban Co-operative Bank Ltd., Sangli.

Santhal Parganas Gramin Bank, Dumka (Bihar).

Saran Kshetriya Gramin Bank, Chapra (Bihar).

Saraswat Co-operative Bank Ltd., Bombay.

Sarayu Gramin Bank, Kheri (Lakhimpur) Kheri (Uttar Pradesh).

Sardar Bhiladwalla Pardi People's Co-operative Bank Ltd., Killa Pardi, District Valsad (Gujarat) (w.e.f. 29-1-2000).

Shahadol Kshetriya Gramin Bank, Shahadol (Madhya Pradesh).

Shahjahanpur Kshetriya Gramin Bank, Shahjahanpur (Uttar Pradesh).

Shamrao Vithal Co-operative Bank Ltd., Bombay.

Sharda Gramin Bank, Satna (Madhya Pradesh).

Shekhawati Gramin Bank, Sikar (Rajasthan).

Shikshak Sahakari Bank Ltd., Nagpur (Maharashtra) (w.e.f. 22-5-1999).

Shivalik Kshetriya Gramin Bank, Hoshiarpur (Punjab).

Shivpuri Guna Kshetriya Gramin Bank, Shivpuri (Madhya Pradesh).

Shri Sathavahana Grameena Bank, Karimnagar (Andhra Pradesh).

Shri Venkateswara Grameena Bank, Chittoor (Andhra Pradesh).

Siam Commercial Bank Public Company Limited (1996).

Singhbum Kshetriya Gramin Bank, Chaibasa (Bihar).

Siwan Kshetriya Gramin Bank, Siwan (Bihar).

Solapur Gramin Bank, Solapur (Maharashtra).

Solapur Janta Sahakari Bank Ltd., Solapur- 413007 (Maharashtra) (w.e.f. 1-6-2002).

Sonali Bank.

South Indian Bank Ltd.

South Malabar Gramin Bank, Malappuram (Kerala).

South Malabar Gramin Bank Cannonore (1976).

Sravasthi Gramin Bank, Bahraich (Uttar Pradesh).

Sree Anantha Grameena Bank, Anantpur (Andhra Pradesh).

Sri Saraswati Grameena Bank, Adilabad (Andhra Pradesh).

Sri Visakha Grameena Bank, Srikakulam (Andhra Pradesh).

Sriganganagar Kshetriya Gramin Bank, Sriganganagar (Rajasthan).

Srirama' Gramin Bank, Nizamabad (Andhra Pradesh).

Standard Chartered Bank.

State Bank of Bikaner & Jaipur.

State Bank of Hyderabad.

State Bank of India.

State Bank of Indore.

State Bank of Jaipur.

State Bank of Mysore.

State Bank of Patiala.

State Bank of Saurashtra.

State Bank of Travancore.

Subansiri Gaonlia Bank, North Lakhimpur (Assam).

Sultanpur Kshetriya Gramin Bank, Sultanpur (Uttar Pradesh).

Surat-Bharuch Gramin Bank, Broach (Gujarat).

Surat Peoples Co-operative Bank Ltd., Surat.

Surendranagar Bhavnagar Gramin Bank, Surendranagar (Gujarat).

Surguja Kshetriya Gramin Bank, Ambikapur (Madhya Pradesh).

Syndicate Bank.

Tanjore Permanent Bank Ltd., Tanjore.

Tamil Nadu State Co-operative Bank Ltd., Madras.

Tamilnad Mercantile Bank Ltd.

Thane Gramin Bank, Thane (Maharashtra).

Thar Anchalik Gramin Bank, Jodhpur (Rajasthan).

Times Bank Limited (1995).

Traders' Bank Ltd.

Travancore Bank Ltd., Trivandrum Taluk.

Tripura Gramin Bank, Agartala (Tripura).

Tulsi Gramin Bank, Banda (Uttar Pradesh).

Tungabhadra Gramin Bank, Bellary (Karnataka).

11[***]

U.T.I. Bank Limited (1994).

Union Bank of India.

United Bank of India.

United Commercial Bank.

United Industrial Bank Ltd., Calcutta.

12*[United Overseas Bank Ltd]

United Western Bank Ltd.

Uttar Banga Kshetriya Gramin Bank, Cooch Behar (West Bengal).

Uttar Pradesh State Co-operative Bank Ltd., Lucknow.

Vaishali Kshetriya Gramin Bank, Muzaffarpur (Bihar).

Vallalor Gramin Bank, Cuddalore (Tamil Nadu) (1986)

Valsad-Dangs Gramin Bank, Bulsar (Gujarat).

Varada Grameena Bank, Kumta (Karnataka).

Vasavi Co-operative Urban Bank Ltd., Hyderabad (Andhra Pradesh) (w.e.f. 22-5-1999).

Vindhyavasini Gramin Bank, Mirzapur (Uttar Pradesh). Vidisha-Bhopal Kshetriya Gramin Bank, Vidisha (Madhya Pradesh). Vidur Gramin Bank, Bijnor (Uttar Pradesh). Vijaya Bank, Mangalore. Visakha Grameena Bank, Srikakulam (1976). Visa Nagar Nagrik Sahakari Bank Ltd., Visanagar, District Mehsana (Guajarat) (w.e.f. 29-1-2-000).

Vishveshwaraya Grameena Bank, Mandya (Karnataka). 8*Vysya Bank Ltd.], Bangalore City. West Bengal State Co-operative Bank Ltd., Calcutta. Yavatmal Gramin Bank, Yavatmal (Maharashtra).
 
Schedule 3 

THE THIRD SCHEDULE

[Rep. by Act 23 0/1955, section 52 and Schedule III (w.e.f 1-7-1955)].

Schedule 4

THE FOURTH SCHEDULE

[Rep. by Act 62 of 1948, section 7 and Schedule (w.e.f 1-1-1949)].

Schedule 5

THE FIFTH SCHEDULE

[Rep. by the India and Burma (Burma Monetary Arrangements Order, 1937)].

---------------------------------------------------------------------------------------------------------------------------------------------------------

1. This Schedule as amended by the India and Burma (Burma Monetary Arrangements) Order, 1937, Acts 23 of 1955, 79 of 1956 and 38 of 1959 and by notification under section 42 (6) of this Act from time to time is reproduced here.

2. "Benaras State Bank Ltd." excluded by Notification No. DBOD No. PSB. 1326/16.01.070/ 2003-20004, dated 1st July, 2003, published in the Gazette of India, Pt. III, section 4, dated 26th July, 2003.

3. British Bank of the Middle East, Omitted by Notification No. DBOD. IBS. 817/23, 13. 022/99, dated 25th September, 1999, published in the Gazette of India, Pt. III, section 4, dated 9th October, 1999.

4. Farook College Employees' Co-operative Society Ltd., Not. 1625, Calicut, ceased to be a Co-operative Bank, vide Notification No. 4BD. BR. 128/16.43.300/95-96, dated 1st September, 1995, published in the Gazette of India, Pt. III, section 4, dated 30th September, 1995.

4. "Hamil Bank" Inserted by Notification No. DBOD No. 2090/23.13.086/96-97, dated 12th June, 1997, published in the Gazette of India, Pt. III, section 4, dated 5th July, 1997 and excluded by Notification IBS 571/23.13.086/99-2000, dated 28th August, 1999, published in the Gazette of India, Extra., Pt. III, section 4, dated 18th September, 1999.

5. Inserted by Notification No. DBOD No. B.P.B.C. 458/21.04.152/-2004-05, dated 30th September, 2004, published in the Gazette of India, Extra., Pt. III, section 4, dated 11th October, 2004.

6. "Nedungadi Bank Ltd." excluded by Notification No. DBOD No. PSB. 1326/16.01.070/ 2003-20004, dated 1st July, 2003, published in the Gazette of India, Pt. III, section 4, dated 26th July, 2003.

7. New Bank of India, New Delhi, omitted by Notification No. DBOD No. 344/Escl/ 16:19:001/93, dated 8th October, 1993, published in the Gazette of India, Pt. III, section 4, dated 6th November, 1993.

8. Substituted by Notification No. PSBS.596/16.01.677/2002-2003, dated 21st November, 2002, published in the Gazette of India, Pt. III, section 4, dated 7th December, 2002.

9.Substituted for Centurion Bank Ltd. (27-1-1995) Circular No. DBOD.Ret.BC.No.66 /12.06.094/2005-06 Dated 06.03.2006 w.e.f. 17-10-2005.

10.  Substituted for "Bank of Tokyo Mitsubishi Ltd." by Circular No. DBOD.Ret.BC.No. 70/12.06.062/2005-06 dated   17.03.2006 w.e.f. 01-01-2006.

11.  "UFJ Bank Ltd." Omitted by Circular No. DBOD.Ret.BC.No. 71/12.06.075/2005-06 dated 17.03.2006 w.e.f. 01-01-2006

12. Inserted vide Notification No. DBOD.IBD.No.16082/23.13.127/2009-10 dated 19.03.2010.

---------------------------------------------------------------------------------------------------------------------------------------------------------
Last updated on September, 2016

Find a Lawyer

Legal Hall of Fame

The current Legal Luminaries of India, the credible names in the legal circle along with those who would be the leading stars of the next decade. These are some of the reliable names in field of law. Nominate the Legal Stars of tomorrow

More

Recent Judgment


Sudha Mishra vs. Surya Chandra Mishra( R.F.A 299 of 2014

The Hon'ble High Court of Delhi in Sudha Mishra vs. Surya Chandra Mishra (R.F.A 299 of 2014)has ruled that a woman has a right over the property of her husband but she cannot claim a right to live in the house of her parents-in-law

More

Bare Acts

Helpline Law provides a user friendly compendium of Indian Law & Bare Acts. Get a complete list & detail of Indian Bare Acts, with amendments and repeals. It comes with easy-to-use features like Search by bare acts & by year. You can even email the information to yourself!

More

Have a Legal Matter ?
Need a Lawyer?

Have a Legal Matter ?

Need a Lawyer?

Male
Female