Section 45C
Power to call for returns containing credit information.
The Reserve Bank of India Act, 1934
About this Act
An Act to Constitute a Reserve Bank of India.
1[45C. Power to call for returns containing credit information.--(1) For the purpose of enabling the
Bank to discharge its functions under this Chapter, it may at any time direct any banking company to
submit to it such statements relating to such credit information and in such form and within such time as
may be specified by the Bank from time to time.
(2) A banking company shall, notwithstanding anything to the contrary contained in any law for the time being in force on in any instrument regulating the constitution thereof or in any agreement executed by it, relating to the secrecy of its dealings with its constituents, be bound to comply with any direction issued under sub-section (1).]
(2) A banking company shall, notwithstanding anything to the contrary contained in any law for the time being in force on in any instrument regulating the constitution thereof or in any agreement executed by it, relating to the secrecy of its dealings with its constituents, be bound to comply with any direction issued under sub-section (1).]
Notes
1. Ins. by Act 35 of 1962, s. 6 (w.e.f. 1-9-1962).