Section 34
Returns from insured banks.
The Deposit Insurance and Credit Guarantee Corporation Act, 1961
About this Act
An Act to provide for the establishment of a corporation for the purpose of insurance of deposits and guaranteeing of credit facilities and for other matters connected therewith or incidental thereto.
(1) Notwithstanding anything contained in 2[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 1[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 1[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.
(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.
Notes
1. Ins. by Act 21 of 1978, s. 8 (w.e.f. 15-7-1978).
2. Subs. by Act 56 of 1968, s. 2, for "the Banking Companies Act, 1949" (w.e.f. 1-7-1971).
2. Subs. by Act 56 of 1968, s. 2, for "the Banking Companies Act, 1949" (w.e.f. 1-7-1971).