Reserve Bank of India Act, 1934
45H. Chapter III-B not to apply in certain cases
The provisions of this chapter shall not apply to the State Bank
or banking company as defined in section 5 of the Banking Regulation Act, 1949
(10 of 1949) or 20[a corresponding new bank as defined in clause
(da) of section 5 of that Act or a subsidiary bank as defined in the State Bank
of India (Subsidiary Banks) Act, 1959 (38 of 1959)] or a Regional Rural Bank or
a co-operative bank or a primary agricultural credit society or a primary
credit society:
PROVIDED that for the purposes of this chapter, the
Tamil Nadu Industrial Investment Corporation Limited shall not be deemed to be
a banking company.