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34. Returns from insured banks.

(1) Notwithstanding anything contained in 7[the Banking

Regulation Act, 1949 (10 of 1949)] or any other law for the time being in force the Corporation may at any time direct an insured bank 4[or a credit institution] to furnish to it, within such time as may be specified by the Corporation, such statements and information relating to the deposits in that bank 4[or the credit facilities granted by that credit institution, as the case may be,] as the Corporation may consider necessary or expedient to obtain for the purposes of this Act.

(2) The Corporation may, if it considers it expedient and after consulting the Reserve Bank, publish any information obtained by it under this section in such consolidated form as it may think fit.

1. Subs. by Act 20 of 1967, s. 44, for section 30 (w.e.f. 1-4-1967).

2. Section 30 re-numbered as sub-section (1) thereof by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).

3. Subs. by Act 32 of 1971, s. 53, for "nine accounting years" (w.e.f. 1-4-1971).

4. Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).

5. Subs. by Act 1 of 1984, s. 63, for certain words (w.e.f. 15-2-1984).

6. The words ", while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions" omitted by Act 81 of 1985, s. 6 (w.e.f. 1-5-1986).

7. Subs. by Act 56 of 1968, s. 2, for "the Banking Companies Act, 1949" (w.e.f. 1-7-1971).

Deposit Insurance and Credit Guarantee Corporation Act, 1961 Back

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