Lawgist34Returns from insured banks
(1) Notwithstanding anything contained in 2[the Banking Regulation Act, 1949 (10 of 1949)] or any other law for the time being in force the Corporation may at any time direct an insured bank 1[or a credit institution] to furnish to it, within such time as may be specified by the Corporation, such statements and information relating to the deposits in that bank 1[or the credit facilities granted by that credit institution, as the case may be,] as the Corporation may consider necessary or expedient to obtain for the purposes of this Act.
(2) The Corporation may, if it considers it expedient and after consulting the Reserve Bank, publish any information obtained by it under this section in such consolidated form as it may think fit.
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1. Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).
2. Subs. by Act 56 of 1968, s. 2, for "the Banking Companies Act, 1949" (w.e.f. 1-7-1971).
- 33 Staff of Corporation
- 34 Returns from insured banks
- 35 Corporation to have access to records
- 36 Inspection of insured banks by Reserve Bank
- 37 Corporation to furnish information to Reserve Bank
- 38 Reserve Bank to furnish information to Corporation
- 39 Declaration of fidelity and secrecy
- 40 Indemnity of directors
- 41 Defects in appointment not to invalidate acts, etc
- 42 Protection of action taken under this act
- 43 Companies Act, 1956 and insurance act, 1938 not to apply
- 44 Liquidation of Corporation
- 45 Power of Central Government to give directions
- 46 Dispute as to amount of premium
- 47 Penalties
- 48 Offences by companies
- 49 Cognizance and trial of offences
- 50 Regulation
- 51 Repealed
