Power to call for returns containing credit information (1) For the purpose of enabling the Bank to discharge its functions under this Chapter, it may at any time direct any banking company to submit to it such statements relating to such credit information and in such form and within such time as may be specified […]

Power of Bank to collect credit information The Bank may— (a)   collect, in such manner as it may think fit, credit information from banking companies; and (b)   furnish such information to any banking company in accordance with the provisions of section 45D

Definitions In this Chapter, unless the context otherwise requires,— (a)   “banking company” means a banking company as defined in section 5 of the Banking [Regulation] Act, 1949 (10 of 1949), and includes the State Bank of India [any subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959 (38 of 1959), any

Appointment of agents (1) Unless otherwise directed by the Central Government with reference to any place, the Bank may, having regard to public interest, convenience of banking, banking development and such other factors which in its opinion are relevant in this regard, appoint the National Bank, or the State Bank, or a corresponding new bank

Power to require returns from co-operative banks  [Omitted by the Banking Laws (Application to Co-operative Societies) Act, 1965, w.e.f. 1-3-1966. Earlier, it was amended by the Reserve Bank of India (Amendment) Act, 1951, w.e.f. 1-11-1951.]

Protection of action taken in good faith (1) No suit or other legal proceeding shall lie against the Bank or any of its officers for anything which is in good faith done or intended to be done in pursuance of section 42 or section 43 [or in pursuance of the provisions of Chapter IIIA]. (2) No

Publication of consolidated statement by the Bank. The Bank shall cause to be published each [fortnight] a consolidated statement showing the aggregate liabilities and assets of all the scheduled banks together, based on the returns and information received under this Act or any other law for the time being in force.]

Cash reserves of scheduled banks to be kept with the Bank. [(1) Every bank included in the Second Schedule shall maintain with the Bank an average daily balance the amount of which shall not be less than [such per cent of the total of the demand and time liabilities in India of such bank as shown

Obligation to provide remittance between India and Burma. [Repealed by the Reserve Bank of India (Amendment) Act, 1947, w.e.f. 1-4-1947].

ransactions in foreign exchange The Bank shall sell to or buy from any authorized person who makes a demand in that behalf at its office in Bombay, Calcutta, Delhi or Madras [or at such of its branches as the Central Government may, by order, determine], foreign exchange at such rates of exchange and on such conditions