Section 70A(5)(b) in The Punjab Co-operative Societies Act, 1961
(b)the expression "insured co-operative bank" means a co-operative [Society] [Substituted for 'bank' by Act No. 15 of 1994.]which is an insured bank under the provisions of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 (Central Act 47 of 1961);(bb)[ the expression "Reserve Bank of India" means the Reserve Bank of India constituted under the Reserve Bank of India Act, 1934 (Central Act 2 of 1934)] [Added by Act No. 15 of 1994.]