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[Cites 0, Cited by 0] [Section 42(1)] [Section 42] [Entire Act]

Union of India - Subsection

Section 42(1)(e) in The Reserve Bank of India Act, 1934

(e)the aggregate of the “liabilities” of a scheduled bank which is a State co-operative bank, to,—
(i)the State Bank;
(ii)a subsidiary bank as defined in section 2 of the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959);
(iii)a corresponding new bank constituted by section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 (5 of 1970);
(iiia)a corresponding new bank constituted by section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 (40 of 1980);
(iv)a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949); or
(v)any other financial institution notified by the Central Government in this behalf,