Offshore Banking Unit
Legal definition for Indian law research
Definition
Offshore Banking Unit, means a branch of a bank located in a Special Economic Zone and which has obtained the permission under clause (a) of sub-s. 91) of s. 23 of the Banking Regulation Act, 1949 (10 of 1949) [Special Economic Zones Act, 2005 ( 28 of 2005) s. 2(u)]
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