In this Act unless the context otherwise requires. -
(a) "banking company" has the meaning assigned to it in the Banking Regulation Act, 1949;
(b) "Chairman" means the Chairman of the Commission;
(c) "Commission" means the Banking Service Commission, established under sub-section (1) of section 31;
(d) "grade", in relation to a public sector bank, means a grade for officers as specified in the rules or, as the case maybe, the regulations of the bank;
(e) "junior management grade", in relation to a public sector bank, means the lowest grade of officers in that bank;
(f) "members" means a member of the Commission but does not include the Chairman;
(g) "notification" means a notification published in the Official Gazette;
(h) "officer" means an officer of any grade;
(i) "prescribed" means prescribed by rules made under this Act;
(j) "public sector bank" means-
(i) a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970;
(ii) a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980;
(iii) the State Bank of India constituted under the State Bank of India Act, 1955;
(iv) a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959.
(k) "regulation" means a regulation made under this Act;
(l) "Reserve Bank" means the Reserve Bank of India, constituted under the Reserve Bank of India Act, 1934;
(m) "Secretary" means the Secretary of the Commission;
(n) "vacancy" includes a newly created post which has not been filled in.