Section 18(1)(q) in The Industrial Reconstruction Bank Of India Act, 1984
(q)acting as an agent of--(i)Central Government or State Government;(ii)Reserve Bank, State Bank, scheduled bank, State co-operative bank, public financial institutions, State Financial Corporations;(iii)such other Government or person as the Central Government may authorise; and to appoint one or more of those institutions, or agencies, or any other prescribed person, as its agent;