Login : Advocate | Client
Home Post Your Case My Account Law College Law Library

Reserve Bank of India Act, 1934

21A. Bank to transact government business of States on agreement

(1) The Bank may by agreement with the government of any state undertake-

(a) all its money, remittance, exchange and banking transactions in India, including in particular, the deposit, free of interest, of all its cash balances with the Bank; and

(b) the management of the public debt of, and the issue of any new loans by, that State.

(2) Any agreement made under this section shall be laid, as soon as may be after it is made, before Parliament.

Reserve Bank of India Act, 1934 Back

Client Area | Advocate Area | Blogs | About Us | User Agreement | Privacy Policy | Advertise | Media Coverage | Contact Us | Site Map
powered and driven by neosys