The Reserve Bank of India Act, 1934 · IV — GENERAL PROVISIONS

Section 6. "Satpura Narmada KeshtriyaGramin Bank, Chhindwara, Madhya Pradesh" excluded by RBI Notification No

In force · As amended up to 2026-08

6. "Satpura Narmada KeshtriyaGramin Bank, Chhindwara, Madhya 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. 7812-A/03-05.100/ 2009-10, dated 21st January, 2010. 6. Sections 2 to 19, 47, 50 to 52, 55 to 58 and 61 were brought into force on 1st January, 1935, see Gazette of India, 1934, Pt. I, p. 1369, and the other sections on 1st April, 1935, seeibid ., 1935, Pt. I, p. 538. 7. Subs. by the M.O. 1937, for "G.G. in C". 8. Clauses (a) and (ai) omitted by Act 61 of 1981, s. 61 and the Second Schedule (w.e.f. 12-7-1982). 9. Clause (aa) re-lettered as clause (aii) by Act 23 of 1965, s. 2 (w.e.f. 1-3-1966). 10. Ins. by Act 51 of 1974, s. 2 (w.e.f. 13-12-1974). 11. Ins. by Act 6 of 2022, s. 125 (w.e.f. 30-3-2022). 1* * * * * 2[(bva) "Consumer Price Index" means the Consumer Price Index Combined published by the Government of India from time to time;] 3[4[(bvi)] "Deposit Insurance Corporation" means the Deposit Insurance Corporation established under section 3 of the Deposit Insurance Corporation Act, 1961 (47 of 1961);] 5* * * * * 6* * * * * 7[(bviiia)"Exim Bank" means the Export-Import Bank of India established under the ExportImport Bank of India Act, 1981 (28 of 1981);] 8[(bix) "foreign currency" and "foreign exchange" have the meanings respectively assigned to them in the Foreign Exchange Regulation Act, 1973(46 of 1973); (c) "Industrial Finance Corporation" means the Industrial Finance Corporation of India established under the Industrial Finance Corporation Act, 1948 (15 of 1948);] 2[(ci) "inflation" means the year wise change in monthly Consumer Price Index expressed in terms of percentage; (cii) "inflation target" means the inflation target determined in accordance with sub-section (1) of section 45ZA;] 9 [(ca) "International Development Association" means the "Association" referred to in the International Development Association (Status, Immunities and Privileges) Act, 1960 (32 of 1960); (cb) "International Finance Corporation" means the "Corporation" referred to in the International Finance Corporation (Status, Immunities and Privileges) Act, 1958 (42 of 1958); (cc) "International Monetary Fund" and "International Bank for Reconstruction andDevelopment" means respectively the "International Fund" and the "International Bank", referred to in the International Monetary Fund and Bank Act, 1945;] 2[(cci) "Monetary Policy Committee" means the Committee constituted under sub-section (1) of section 45ZB;] 10 [ ccc ) "National Bank" means the National Bank for Agriculture and Rural Development established under section 3 of the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981);] 11[(ccci) "National Bank for Financing Infrastructure and Development" means the Institution established under section 3 of the National Bank for Financing Infrastructure and Development Act, 2021; 6. "Allahabad KshetriyaGramin Bank, Allahabad, Uttar Pradesh" excluded by RBI Notification No. RPCD.CO. RRB. No. 7431/03.05.100/2008-09, dated 27th January, 2009. (cccii) "other development financial institution" means a development financial institution licensed under section 29 of the National Bank for Financing Infrastructure and Development Act, 2021;] 12 [(cccc) "National Housing Bank" means the National Housing Bank established under section 3 of the National Housing Bank Act, 1987 (53 of 1987);] 2[(cccci) "Policy Rate" means the rate for repo-transactions under sub-section (12AB) of section 17;] 13* * * * * 1. Clauses (bi), (bii), (biii), (biv) and (bv) omitted by Act 61 of 1981, s. 61 and the Second Schedule (w.e.f. 12-7-1982). Earlier these clauses were substituted by Act 23 of 1965, s. 2, for clause (bb) (w.e.f. 1-3-1966). 2. Ins. by Act 28 of 2016, s. 221 (w.e.f. 27-6-2016). 3. Ins. by Act 47 of 1961, s. 2 and the Second Schedule (w.e.f. 1-1-1962). 4. Clause (bbb) re-lettered as clause (bvi) thereof by Act 23 of 1965, s. 2 (w.e.f. 1-3-1966). 5. Clause (bvii) omitted by Act 53 of 2003, s. 12 and the Schedule (w.e.f. 2-7-2004). 6. Clause (bviii) omitted by Act 61 of 1981, s. 61 and the Second Schedule (w.e.f. 12-7-1982). 7. Ins. by Act 28 of 1981, s. 40 and the Second Schedule (w.e.f. 1-1-1982). 8. Subs. by Act 24 of 1978, s. 3, for clause (c) (w.e.f. 21-7-1978). 9. Ins. by Act 51 of 1974, s. 2 (w.e.f. 13-12-1974). 10. Ins. by Act 61 of 1981, s. 61 and the Second Schedule (w.e.f. 12-7-1982). 6. "AvadhGramin Bank, Hardoi (Uttar Pradesh)" excluded by RBI Notification No. RPCD.CO. RRB. No. 3230/03.05.100/200809, dated 22nd September, 2008. 11. Ins. by Act 17 of 2021, s. 47 and the Second Schedule (w.e.f. 19-4-2021). 12. Ins. by Act 53 of 1987, s. 56 and the Second Schedule (w.e.f. 9-7-1988). 13. Clauses (ci), (cia), (cii), (ciii), (civ), (cv) omitted by Act 61 of 1981, s. 61 and the Second Schedule (w.e.f. 12-7-1982). 1 [(cv) "Reconstruction Bank" means the Industrial Reconstruction Bank of India established under section 3 of the Industrial Reconstruction Bank of India Act, 1984 (62 of 1984);] (d) "rupee coin" means[2] * rupees which are legal tender[3] [in[4] [India]] under the provisions of the Indian Coinage Act, 1906 (3 of 1906);[5] * (e) "scheduled bank" means a bank included in the Second Schedule; 6[(el) "Small Industries Bank" means the Small Industries Development Bank of India established under section 3 of the Small Industries Development Bank of India Act, 1989 (39 of 1989);] 7 [(ea) "Sponsor Bank" means a Sponsor Bank as defined in the Regional Rural Banks Act, 1976 (21 of 1976);] 8[9[(eb)] "State Bank" means the State Bank of India constituted under the State Bank of India Act, 1955 (23 of 1955);] 10* * * * * 11[(fi) "State Financial Corporation" means any State Financial Corporation established under the State Financial Corporations Act, 1951 (63 of 1951);] 12* * * * * 13[(g) "Unit Trust" means the Unit Trust of India established under section 3 of the Unit Trust of India Act, 1963 (52 of 1963);] 6. "Bareilly KshetriyaGramin Bank, Bareilly, Uttar Pradesh" excluded by RBI Notification No. RPCD.CO. RRB. No. 7431/03.05.100/2008-09, dated 27th January, 2009. 14 [(h) "agricultural operations", "central co-operative bank", "co-operative society", "crops", "marketing of corps", "pisciculture", "regional rural bank" and "State co-operative bank" shall have the meanings respectively assigned to them in the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981); (i) "co-operative bank", "co-operative credit society", "director", "primary agricultural credit society", "primary co-operative bank" and "primary credit society" shall have the meanings respectively assigned to them in Part V of the Banking Regulation Act, 1949 (10 of 1949).] 6. "Cauvery KalpatharuGrameena Bank, Mysore, Karnataka" excluded by RBI Notification No. RPCD.CO. RRB. No. 47/03.05.100/2013-14, dated 22nd October 2013. Earlier it was included by RBI Notification No. RPCD.CO. RRB. No. 3231/03.05.100/2008-09, dated 22nd September, 2008. 6. "Chikmagalur-KodaguGrameena Bank, Chikmagalur, Karnataka" excluded by RBI Notification No. RPCD.CO. RRB. No. 47/03.05.100/2013-14, dated 22nd October 2013. 6. "Dresdner Bank AG" excluded by Notification No. IBS 61[2] /23-13-063/2002-2003, dated 21st September, 2002. 6. "The Global Trust Bank Ltd." excluded by Notification DBOD. No. PSBS.BC.42116. 01.129/ 2004-05, dated 15th September, 2004 (w.e.f. 20-11-2004). 6. Included by RBI Notification No. RPCD.CO. RRB. No. 55/03.05.100/2013-14, dated 14th November, 2013. 6. Included by RBI Notification No. RPCD.CO. RRB. No. 11377/3.5.100/2010-11, dated 31st March, 2011. 6. "KapurthalaFirozpurKshetriyaGramin Bank, Kapurthala (Punjab)" excluded by RBI Notification No. RPCD.CO. RRB. No. 3230/03.05.100/2008-09, dated 22nd September, 2008. 6. "Kutch Gramin Bank, Bhuj (Gujarat)" excluded by RBI Notification No. RPCD.CO. RRB. No. 3230/03.05.100/2008-09, dated 22nd September, 2008. 6. "MandlaBalaghatKshetriyaGramin Bank, Mandla (Madhya Pradesh)" excluded by RBI Notification No. RPCD.CO. RRB. No. 7812-B/03-05.100/2009-10, dated 21st January, 2010. 6. "NagarjunaGrameena Bank, Khammam (Andhra Pradesh)" excluded by RBI Notification No. RPCD.CO. RRB. No. 3230/03.05.100/2008-09, dated 22nd September, 2008. 6. "The Overseas-Chinese Banking Corporation Limited" excluded by Notification No. Ret. BC. No. 65/12.06.110/2003-04, dated 5th February, 2004. 6. Included by RBI Notification No. RPCD.CO. RRB. No. 3231/03.05.100/2008-09, dated 22nd September, 2008. 6. "RewaSidhiGramin Bank, Rewa Madhya Pradesh" excluded by RBI Notification No. RPCD.CO. RRB. No. 56/03.05.100/2013-14, dated 14th November, 2013. 7. Subs. by Notification No. DBOD.IBD. No. 16083/23.13.020/2009-10, dated 19th March, 2010, for the words "ABN Amro Bank N.V.". 6. "Surendranagar Bhavnagar Gramin Bank, Surendranagar (Gujarat)" excluded by RBI Notification No. RPCD.CO. RRB. No. 3230/03.05.100/2008-09, dated 22nd September, 2008. 6. Included by RBI Notification No. DBOD.IBD. No. 16919/23.03.020/2009-10, dated 26th March, 2010. 6. "VidurGramin Bank, Bijnor (Uttar Pradesh)" excluded by RBI Notification No. RPCD.CO. RRB. BC. No. 95/03.05.100/201314, dated 9th April, 2014.

Source: India Code