Section 2. Sub-clause (c) omitted by Act 62 of 1948, s. 7 and the Schedule (w.e.f. 1-1-1949)

2. "KalpatharuGrameena Bank, Tumkur (Andhra Pradesh)" excluded by RBI Notification No. RPCD.CO. RRB. No. 3230/03.05.100/2008-09, dated 22nd September, 2008. 2. Sub-clause (c) omitted by Act 62 of 1948, s. 7 and the Schedule (w.e.f. 1-1-1949). 3. Ins. by Act 35 of 1962, s. 3 (w.e.f. 15-9-1962). 4. Subs. by Act 58 of 1968, s. 24, for sub-clause (b) (w.e.f. 1-2-1969). 5. Subs. by s. 24, ibid ., for clause (ii) (w.e.f. 1-2-1969). 6. Ins. by Act 51 of 1974, s. 6 (w.e.f. 13-12-1974). 7. The words and letter "Part B States" omitted by Act 32 of 1951, s. 7 (w.e.f. 1-11-1951). 8. Subs. by the M.O. 1937, for "and Provincial co-operative banks". 9. The words "Burma scheduled banks" omitted by Act 11 of 1947, s. 11 (w.e.f 1-4-1947). 10. Subs. by the A.O. 1950, for "Provincial". 11. Subs. by Act 19 of 1957, s. 2, for certain words (w.e.f. 8-6-1957). 12. The words and figures "established under the State Financial Corporations Act, 1951" omitted by Act 24 of 1978, s. 4 (w.e.f. 21-7-1978). (a) stocks, funds and securities (other than immovable property) in which a trustee is authorised to invest trust money by any Act of Parliament[1] [of the United Kingdom] or by any law for time being in force in[2] [India][3] *; (b) gold or silver or documents of title to the same; (c) such bills of exchange and promissory notes as are eligible for purchase or rediscount by the Bank[4] [or as are fully guaranteed as to the repayment of the principal and payment of interest by a State Government]; (d) promissory notes of any scheduled bank[5] [[6] [or[7] [State]] co-operative bank], supported by documents of title to goods[8] [such documents having been transferred], assigned, or pledged to any such bank as security for[9] [a loan or advance made] for bona fide commercial or trade transactions, or for the purpose of[10] [financing agricultural operations] or the marketing of crops: 11[Provided that loans and advances made against the security of bills of exchange and promissory notes arising out of any transaction relating to the export of goods from India shall be repayable on demand or on the expiry of fixed periods not exceeding one hundred and eighty days;] 12[(4A) the making to any State Financial Corporation 13*, of loans and advances repayable on the expiry of fixed periods not exceeding eighteen months from the date of such loan or advance, against securities of the Central Government or of any State Government, of any maturity, or against bonds and debentures issued by that Corporation and guaranteed by the State Government concerned and maturing within a period not exceeding eighteen months from the date of such loan or advance: 14 [Provided that the previous approval of the State Government shall be obtained for the borrowing by the State Financial Corporation and the amount of loans and advances granted to that Corporation under this clause shall not, at any time, exceed in the aggregate[15] [twice the paid-up share capital] thereof;]] 2. The word "silver" omitted by Act 62 of 1948, s. 7 and the Schedule (w.e.f. 1-1-1949). 3. Ins. by the M.O. 1937. 4. Subs. by Act 32 of 1951, s. 2, for "the States" (w.e.f. 1-11-1951). 16 [ 17 [(4AA)] the making of annual contributions to the National Rural Credit (Long Term Operations) Fund and the National Rural Credit (Stabilisation) Fund established under sections 42 and 43, respectively, of the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981);] 18[(4B) the making to the Industrial Finance Corporation of India 19* of loans and advances, — (a) repayable on demand or on the expiry of fixed periods not exceeding ninety days from the date of such loan or advance, against securities of the Central Government or of any State Government; or 1. Ins. by the A.O. 1950. 2. Subs. by Act 32 of 1951, s. 2 for "the States" (w.e.f. 1-11-1951). 3. The words "or Burma" omitted by Act 11 of 1947, s. 11 (w.e.f. 1-4-1947) which was inserted by the M.O. 1937. 4. Ins. by Act 24 of 1955, s. 6 (w.e.f. 8-5-1955). 5. Subs. by the M.O. 1937, for "or a Provincial co-operative bank". 6. Subs. by Act 11 of 1947, s. 11, for "Burma scheduled bank, provincial co-operative bank or Burma" (w.e.f. 1-4-1947). 7. Subs. by the A.O. 1950, for "Provincial". 8. Subs. by Act 32 of 1951, s. 7, for "which have been transferred" (w.e.f. 1-11-1951). 9. Subs. by Act 24 of 1955, s. 6, for "a cash credit or overdraft granted" (w.e.f. 8-5-1955). 10. Subs. by Act 51 of 1974, s. 6, for "financing seasonal agricultural operations" (w.e.f. 13-12-1974). 11. Added by Act 35 of 1962, s. 3 (w.e.f. 15-9-1962). 2. The Eastern Area shall consist of the States of Arunachal Pradesh, Assam, Bihar, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Sikkim, Tripura and West Bengal and the Union territories of Andaman and Nicobar Islands.] 12. Ins. by Act 14 of 1960, s. 2 (w.e.f. 30-4-1960). 13. The words and figures "established under the State Financial Corporations Act, 1951" omitted by Act 24 of 1978, s. 4 (w.e.f. 21-7-1978). 14. Subs. by Act 51 of 1974, s. 6, for the proviso (w.e.f. 13-12-1974). 15. Subs. by Act 81 of 1985, s. 2, for "ninety per cent. of the paid-up share capital" (w.e.f. 1-5-1986). 16. Subs. by Act 61 of 1981, s. 61 and the Second Schedule, for clause (4AA) (w.e.f. 12-7-1982). 17. Clause (4A) renumbered and re-lettered as clause (4AA) thereof by Act 14 of 1960, s. 2 (w.e.f. 30-4-1960). Earlier it was inserted by Act 54 of 1953, s. 3 (w.e.f. 30-12-1953). 18. Ins. by Act 54 of 1953, s. 3 (w.e.f. 30-12-1953). 19. The words and figures "established under the Industrial Finance Corporation Act, 1948" omitted by Act 24 of 1978, s. 4 (w.e.f. 21-7-1978). (b) repayable on the expiry of fixed periods not exceeding eighteen months from the date of such loan or advance, against securities of the Central Government of any maturity or against bonds and debentures issued by the Corporation and guaranteed by the Central Government and maturity within a period not exceeding eighteen months from the date of such loan or advance; 1* * * * *] 2[(4BB) the making to any financial institution notified by the Central Government in this behalf, — of loans and advances, 2. "AdhiyamanGrama Bank, Dharampuri, Tamil Nadu" excluded by RBI Notification No. RPCD.CO. RRB. No. 3230/03.05100/2008-09, dated 22nd September, 2008. (a) repayable on demand or on the expiry of fixed periods not exceeding ninety days from the date of such loan or advance, against the securities of the Central Government or of any State Government, or (b) repayable on the expiry of fixed periods not exceeding eighteen months from the date of such loan or advance, against securities of the Central Government or of any State Government, of any maturity, or against bonds and debentures issued by that financial institution and guaranteed by the Central Government or any State Government, and maturing within a period not exceeding eighteen months from the date of such loan or advance: Provided that the amount of loans and advances granted to a financial institution under subclause (b) shall not, at any time, exceed in the aggregate sixty per cent.of the paid-up share capital thereof;] 3[(4BBB) the making to the Unit Trust of loans and advances — (i) repayable on demand or on the expiry of a fixed period not exceeding ninety days from the date of such loan or advance against the security of stocks, funds and securities (other than immovable property) in which a trustee is authorised to invest trust money by any law for the time being in force in India;[4] * (ii) repayable on demand or within a period of eighteen months from the date of such loan or advance against the security of the bonds of the Unit Trust issued with the approval of and guaranteed by the Central Government;] 2. "AryavartGramin Bank, Lucknow, Uttar Pradesh" excluded by RBI Notification No. RPCD.CO. RRB. No. 56/03.05.100/2013-14, dated 14th November, 2013. Earlier it was included by RBI Notification No. RPCD.CO. RRB. No. 3231/03.05.100/2008-09, dated 22nd September, 2008. 5[(iii) for the purpose of any scheme other than the first unit scheme under the Unit Trust of India Act, 1963 (52 of 1963) on such terms and conditions and against the security of such other property of the Unit Trust as may be specified in this behalf by the Bank;] 6[(4C) the making to a Warehousing Corporation established under the Agricultural Produce — (Development and Warehousing) Corporations Act, 1956 (28 of 1956) of loans and advances, (a) repayable on demand or on the expiry of fixed periods not exceeding ninety days, from the date of such loan or advance, against securities of the Central Government or of any State Government, or (b) repayable on the expiry of fixed periods not exceeding eighteen months from the date of such loan or advance, against securities of the Central Government or of any State Government, of any maturity, or against bonds and debentures issued by the corporation to which the loan or advance is made, and guaranteed by the Central or a State Government, and maturing within a period not exceeding eighteen months from the date of such loan or advance: Provided that the amount of loans and advances granted under clause (b) shall not at any time exceed, in the aggregate, three crores of rupees in the case of the Central Warehousing Corporation and fifty lakhs of rupees in the case of a State Warehousing Corporation;] 1. The proviso omitted by Act 66 of 1988, s. 5 (w.e.f. 30-12-1988). 2. "Bank of Rajasthan Ltd." excluded by RBI Notification No. DBOD. No. PSBD/2866/16.01.056/ 2010-11, dated 18th August, 2010 (w.e.f. 13-8-2010). 3. Subs. by Notification No. DBOD. No. IBD. No. 937/23.03-007/2005-2006, dated 26th December, 2005, for "The Bank of Tokyo Mitsubishi Ltd." 2. Subs. by Act 14 of 1960, s. 2, for clause (4BB) (w.e.f. 30-4-1960). Earlier inserted by Act 19 of 1957, s. 2 (w.e.f. 8-6-1957). 3. Ins. by Act 52 of 1963, s. 44 and the Second Schedule (w.e.f. 1-2-1964). 2. "Benaras State Bank Ltd." excluded by Notification No. DBOD. No. PSBD. 1326/16.01.070/ 003-2004, dated 1st July, 2003. 2. "BundelkhandKshetriyaGramin Bank, Tikamgarh (Madhya Pradesh)" excluded by RBI Notification No. RPCD.CO. RRB. No. 3230/03.05.100/2008-09, dated 22nd September, 2008. 2. "Chhattisgarh Gramin Bank, Raipur, Chhattisgarh" excluded by RBI Notification No. RPCD.CO. RRB. BC. No. 99/03.05.100/2013-14, dated 8th Mav, 2014. Earlier it was included by RBI Notification No. RPCD.CO. RRB. No. 7430/03.05.100/2008-09, dated 27th January, 2009. 2. "Devi PatanKshetriyaGramin Bank, Gonda, Uttar Pradesh" excluded by RBI Notification No. RPCD.CO. RRB. No. 7431/03.05.100/2008-09, dated 27th January, 2009. 2. "The Ganesh Bank of Kurundwad Ltd." excluded by Notification DBOD. No. PSBD.2915/ 16.01.103/2006-07, dated 26th September, 2006 (w.e.f. 21-10-2006). 2. "Hamil Bank" excluded by Notification IBS. 571/23.13.086/99-2000, dated 28th August, 1999. Earlier Hamil Bank was inserted by Notification No. DBOD. No. 2090/23.13.086/96-97, dated 12th June, 1997. 2. "KosiKshetriyaGramin Bank, Purnea (Bihar)" excluded by RBI Notification No. RPCD.CO. RRB. No. 7812-B/0305.100/2009-10, dated 21st January, 2010. 2. "Maharashtra Godavari Gramin Bank, Aurangabad, Maharashtra" excluded by RBI Notification No. RPCD.CO. RRB. No. 11379/3.5.100/2010-11, dated 31st March, 2011. Earlier it was included by RBI Notification No. RPCD.CO. RRB. No. 7430/03.05.100/2008-09, dated 27th January, 2009. 2. "MonghyrKshetriyaGramin Bank, Monghyr (Bihar)" excluded by RBI Notification No. RPCD.CO. RRB. No. 7812-B/03-05.100/2009-10, dated 21st January, 2010. 2. "NimarKshetriyaGramin Bank, Khargone (Madhya Pradesh)" excluded by RBI Notification No. RPCD.CO. RRB. No. 3230/03.05.100/2008-09, dated 22nd September, 2008. 3. Subs. by Notification No. UBD. CO.1/16.05.000/2005-2006, dated 24th January, 2006, for "North Kanara GSB Co-operative Bank Ltd., Mumbai, Maharashtra". 2. "Prag'yotishGaonlia Bank, Nalbari, Assam" excluded by RBI Notification No. RPCD.CO. RRB. \To. 7431/03.05.100/2008-09, dated 27th January, 2009. 2. "Rani LaxmiBaiKshetriyaGramin Bank, Jhansi, Uttar Pradesh" excluded by RBI Notification No. RPCD.CO. RRB. No. 7431/03.05.100/2008-09, dated 27th January, 2009. 2. Included by RBI Notification No. RPCD.CO. RRB. No. 3231/03.05.100/2008-09, dated 22nd September, 2008. 2. "ShriVenkateswaraGrameena Bank, Chittoor (Andhra Pradesh)" excluded by RBI Notification No. RPCD.CO. RRB. No. 3230/03.05.100/2008-09, dated 22nd September, 2008. 2. "SubansiriGaonlia Bank, North Lakhimpur, Assam" excluded by RBI Notification No. RPCD.CO. RRB. No. 7431/03.05.100/2008-09, dated 27th January, 2009. 2. "TuisiGramin Bank, Banda (Uttar Pradesh)" excluded by RBI Notification No. RPCD.CO. RRB. No. 3230/03.05.100/200809, dated 22nd September, 2008. 2. Included by RBI Notification No. DCBR.CO. BPD. No. 02/16.05.000/2015-16, dated 17th December, 2015.