Scheduled Banks definition

Scheduled Banks means, “All Commercial banks and specialized banks (like IDBP and ZTB etc) which are included in the list of scheduled banks maintained under sub-section (1) of section 37 of the State Bank of Pakistan Act, 1956”

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Scheduled Banks means to include and refer to banks as listed in 2nd Schedule of the Reserve bank of India Act, 1934;

Scheduled Banks means a bank included in the second schedule of the Reserve Bank of India Act, 1934;

Examples of Scheduled Banks in a sentence

Apart from confirming to such lending institutions that the Allottee would have such right to create a security interest in respect of its rights hereunder including the Sub-Lease Deed(s), the Promoter would have no financial obligation towards the Scheduled Banks/ Financial Institutions.
Bank Guarantee from Scheduled Banks/ Public Financial Institutions as defined in the Companies Act.
Apart from confirming to such lending institutions that the Sub-Lessee would have such right to create a security interest in respect of its rights hereunder including the Sub-Lease Deed(s), the Sub Lessor would have no financial obligation towards the Scheduled Banks/ Financial Institutions.
Demand Draft should be drawn on Scheduled Banks (other than cooperative banks).
Bank Guarantee should be drawn on reputed Nationalized / Scheduled Banks excluding co-operative banks.
Demand Draft should be drawn on Scheduled Banks, other than co-operative bank.
The Bank Guarantee format for Security Deposit shall be in the prescribed formats vi) Fixed Deposit Receipt issued by Scheduled Banks / Public Financial Institutions as defined in the Companies Act.
These forms of Performance Guarantee could be either of the State Bank of India or of any of the Nationalized Banks; (v) Guarantee Bonds executed or Deposits Receipts tendered by all Scheduled Banks; (vi) A Deposit in the Post Office Saving Bank;(vii) A Deposit in the National Savings Certificates; (viii) Twelve years National Defence Certificates; (ix) Ten years Defiance Deposits; (x) National Defiance Bonds and (xi) Unit Trust Certificates at 5%below market value or at the face value whichever is less.
The PBG shall be denominated in Indian Rupees and shall be in the form of an unconditional Bank Guarantee issued by Nationalized and Scheduled Banks operating in India.
Nationalized Banks or Scheduled Banks for Additional Security Deposit/Retention Money.

More Definitions of Scheduled Banks

Scheduled Banks means banks that operate under full control and supervision of the Bangladesh Bank which is empowered to do so through Bangladesh Bank Order, 1972, and Bank Company Act, 1991.

Scheduled Banks means banks that are included in the Second Schedule of the Reserve Bank of India ▇▇▇ ▇▇▇▇ of the Guarantor, from time to time and at any time;

Scheduled Banks means any bank declared as scheduled banks as per State Bank of Pakistan Act, 1956 (clause (a) of Sub-Section (2) of Section 37)