Repealed or not in force · As amended up to 2026-08
XXV. And it is hereby enacted, that the said Bank of Bombay shall not be engaged in any kind of business, except the kings of business hereafter specified, that is to say:
1st . The discounting of Negotiable Securities.
2d. The keeping of Cash Accounts, including the realization of Dividends and Interest on Government Securities to the credit of Constituents of the Bank.
3d. Buying and selling of Bills of Exchange payable in India.
4th. The lending of Money on short loans.
- 5th. The buying and selling of Bullion.
- 6th. The receiving of Deposits.
7th. The issuing and circulating of Cash Notes and Bank Post Bills.
8th. The selling of Property or Securities deposited in the Bank as Security for loans and not redeemed, or of Property or Securities recovered by the Bank in satisfaction of debts and claims.
Source: India Code