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Financial Institution

Financial Institution, means a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution

Public sector bank

Matched in: Term Public sector bank

Reserve Bank

Matched in: Term Reserve Bank

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Banking

Banking, means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable … from the public, repayable on demand or otherwise, and withdrawal by cheque, draft, order or otherwise. [Banking Regulation Act, 1949 (10 of 1949), s. 5 (b)] The expression 'banking' in Entry 45, List I means all forms

Bank-notes, or Bank-bills

Matched in: Term Bank-notes, or Bank-bills

Banking policy

Banking policy, means any policy means any policy which is specified from time to time by the Reserve Bankbank and the need for equitable allocation and the efficient use of these deposits and resources. [Banking Regulation Act, 1949 (10 of 1949), s. 5 (ca)]Means a debtor (as an individual or organization) whose property is subject

Cheque

Act, 1881 (26 of 1881), s. 6: A 'cheque' is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a

Loan societies

Vict. c. 56), forms of proceeding of a similar nature to those prescribed in the Acts regulating savings banks and friendly societies are requisite to enable loan societies to avail themselves of this Act, and see 51

Court

jurisdiction for executing the decree in question is 'a court' within the scope of s. 45C of the Banking Companies Act, Ram Narain v. Simla Banking and Industrial Co. Ltd., AIR 1956 SC 614 (624): 1957 SCR

Workman

a power vested in him or by the nature of duties attached to his office, All India Reserve Bank Employees' Association v. Reserve Bank of India, AIR 1966 SC 305: (1966) 1 SCR 25. The term 'workman' … Workman, does not include an apprentice/trainee appointed under the Apprentices Act, 1961, Dhampur Sugar Mills v. Bhola Singh, (2005) 2 SCC 470. [Uttar Pradesh Industrial Disputes Act, 1947 (28

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