Legal glossary
“banking”
Defined in 1 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
The Banking Regulation Act, 1949 · s. 5
(b) "banking" means the accepting, for the purpose of lending or investment, of deposits of money from the public, repayable on demand or otherwise, and withdrawable by cheque, draft, order or otherwise;
Read section 5