nor' omitted by Act 55 of 1963, s. (w.ef: 1-2- 1964). 5. The words "and as provi — THE RESERVE BANK OF INDIA ACT, 1934

nor' omitted by Act 55 of 1963, s. (w.ef: 1-2- 1964). 5. The words "and as provi

section 36 nor' omitted by Act 55 of 1963, s. (w.ef: 1-2- 1964). 5. The words "and as provided in that section omitted by Ordinance 4 of 1940, s. 3_ 6_ The words *or by delivery to the Central Government under that sections" omitted by Act 55 of 1963,s. 4 (W.e.f: 1-2-1964). Subs: by Act 62 of 1948, s and the Schedule, for " five" (W.e.f: 1-1-1949). 8. Subs. by Act 23 of 1947, s. 4, for sections 40 and 41 (w.e.f: 18-4-1947)- 9. Ins: by Act 54 of 1953, 5 (w.e.f:30-12-1953)_ 10. Subs. by Act 1 of 1984, s. 5, for Foreign Exchange Regulation Act; 1947 (7 of 1947)" (w.e.f: 15-2-1984). 11. Subs. by Act 38 of 1956,s. 5, for sub-section (1) (w.e.f: (6-10-1956). 29 be less than '[such per cent. of the total of the demand and time liabilities in India of such bank as shown in the return referred to in sub-section (2), as the Bank may from time to time, having regard to the needs of securing the monetary stability in the country, notify in the Gazette of India]: 2* Explanation.~For the purposes of this section; average daily balance" shall mean the average of the balances held at the close of business of each day 3[of a fortnight]; 4[(b) ~fortnight" shall mean the period from Saturday to the second following Friday, both days inclusive;] S[(c) " liabilities" shall not include the paid-up capital or the reserves o any credit balance in the profit and loss account of the bank; (ii) the amount of any loan taken from the Bank 6*** '[or from the Exim Bank] S[or from the Reconstruction Bank] %[or from the National Housing Bank] or from the I[National Bank] [or from the Small Industries Bank 12[or from the National Bank for Financing Infrastructure and Development or from the other development financial institution]] 13*** (iii) in the case of a State co-operative bank, also any loan taken by such bank from State Government 14[or from the National Co-operative Development Corporation established under the National Co-operative Development Corporation Act, 1962 (26 of 1962)] and any deposit of money with such bank representing the reserve fund 0 any part thereof 1S*** maintained with it by any co-operative society within its area of operation;] I6[(iv) in the case of a State co-operative bank, which has granted an advance against any balance maintained with it, such balance to the extent of the amount outstanding in respect of such advance;] 13[(v) in the case Regional Rural Bank, also any loan taken by such bank from its Sponsor Bank;] IS[(d) the aggregate of the "liabilities" of Scheduled bank which is not a State cO-operative bank; to; the State Bank; (ii) subsidiary bank as defined in_section 2 of the State Bank of India (Subsidiary Banks) Act; 1959 (38 of 1959); (iii) corresponding new bank constituted by

Section Section 36