Section 19 in The Industrial Finance Corporation Act, 1948
19. Deposit Accounts .-The Corporation may open Deposit Accounts with the Reserve Bank or with any agency of the Reserve Bank other than a Government treasury [or ][* * *] [ Central words omitted by Act 2 of 1982, Section 8 (w.e.f. 12.3.1982).][with a scheduled bank or a State Co-operative Bank ] [Inserted by Act 78 of 1952, Section 10. ][or, with the approval of the Reserve Bank, with any bank outside India] [ Added by Act 50 of 1986, Section 11 (w.e.f. 2.2.1987).].
