Section Section 3
of the Banking Companies (Acquisition and Transfer of Undertakings Act; 1980 (4
section 3 of the Banking Companies (Acquisition and Transfer of Undertakings Act; 1980 (40 of 1980), o any subsidiary bank as defined in the State Bank of India (Subsidiary Banks_ Act, 1959 (38 of 1959), as its agent at all places, or at any place in India for such purposes as the Bank may specify. (2) When any bank is appointed by the Bank as its agent under sub-section (/) to receive on behalf of the Bank any payment required to be made into the Bank, O any bill, hundies O other securities required to be delivered into the Bank; under any law O rule, regulations Or other instructions having the force of law, the same may be paid or delivered into the bank so appointed as the agent of the Bank:] 2[CHAPTER IIIA COLLECTION AND FURNISHING OF CREDIT INFORMATION 45A. Definitions: In this Chapter, unless the context otherwise requires, "banking company" means banking company as defined in
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