rate, the rate at which moneys are lent or advanced by nationalised banks in relation to commercial transactions. Explanation.-In this sub-section, "nationalised bank
challenge under the other provi-
sions of the Constitution. In the Bank Nationalisation case
the majority held that the assumption in A. K. Gopalan ... deal with specific matters cannot be accepted as correct.
Though the Bank Nationalisation case was concerned with the
inter-relationship of Arts
premises
belonging to nationalised Banks, viz. Punjab National Bank
and Allahabad Bank, constituted under the provisions of the
Banks Nationalisation Act. It has been urged ... nationalised banks
have been described as 'corresponding new bank'. In sub-
section (i) of Section 3 of the Banks Nationalisation
beyond challenge after the ruling of this Court in the
Bank Nationalisation case., The presence of the company is
on the same ruling ... Policy for newsprint. [780H; 781A-B]
(vii)This Court in the Bank Nationalisation case laid
down two tests. First it is not the object
subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959) or any nationalised bank, that
dated 9.12.1965.] (lii) [ as respects [banks other than the nationalised banks established under any Central or State Act] [Inserted by G.S.R. 70, dated
Reserve Bank of India in 1947, it obviously referred to it
as the Shareholders' Bank. The Reserve Bank Transfer to
Public ownership ... though Reserve
Bank of India is mentioned specifically in the relevant
clause containing exemption neither State Bank of India nor
the nationalised banks
field of rural banking resulted in the establishment of the Regional Rural Banks. Such Regional Rural Banks have in fact taken over the function ... tribunal came to hold:
"Indisputably, Commercial Banks and Regional Rural Banks carry on similar banking business and participate in the development of rural economy
other nationalised Bank. Since the Kshetriya
Kisan Gramin Bank, Mainpuri is the only Bank which is
sponsored by the Uttar Pradesh Cooperative Bank Limited,
Lucknow ... Regional Rural Banks other
than the appellant bank can be equated with the officers and
employees of their sponsor banks namely the Nationalised
Banks
Bank of India or a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 ( 38 of 1959 ); (iv) a nationalised ... bank, that is to say, a corresponding new bank as defined in section 2 of- (i) the Banking Companies (Acquisition and Transfer of Undertakings