Licensed Specialized Bank definition

Licensed Specialized Bank means a bank licensed under subsection (3) of section 76A of the Banking Act, No. 30 of 1988;
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Licensed Specialized Bank means any company or a body corporate which has been issued with licence under Part IXA of the Banking Act, No. 30 of 1988 to carry on the business of accepting deposit money and investing and lending such money;
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Licensed Specialized Bank means any company or a body corporate which has been issued with licence under the Banking Act No. 30 of 1988 as amended from time to time to carry on the business of accepting deposit money and investing and lending such money.
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Examples of Licensed Specialized Bank in a sentence

  • Enter into the Mandate Agreement and the Accession Agreement, and other relevant Agreements (ILF Agreement and the Master Repurchase and Reverse Repurchase Agreement) with CBSL to participate in the LankaSettle System.A Licensed Specialized Bank shall first fulfill the requirements specified in the Attachment A, in addition to qualifying the requirements specified under (a) to (g) above.

  • It was at highest level as compared with the Licensed Specialized Bank ratio of 3.4 per cent.

  • The net interest margin of 4.52 per cent for the year 2019 is observed which is slightly higher than the Licensed Specialized Bank ratio of 3.4 per cent.

  • The main difference between a Licensed Commercial Bank and a Licensed Specialized Bank, is that the former is permitted to accept demand deposits from the public (operate current accounts for customers) and is an Authorized Dealer in foreign exchange which entitles it to engage in a wide-range of foreign exchange transactions, whereas the latter is permitted to limited engagements in foreign exchange with Central Bank’s approvals.

  • According to the information made available, some important ratios of the Bank for the year under review and the preceding year as compared with sector ratios for Licensed Specialized Bank (LSB) are as follows.

  • Being a first time borrower means that the borrower has not previously borrowed from a Licensed Commercial Bank or Licensed Specialized Bank for the purpose of meeting a financial need of the particular business.

  • Any Licensed Specialized Bank within the meaning of the Banking Act, No. 30 of 1988.

  • MBSL also intends to merge/amalgamate with its subsidiary, MBSL Savings Bank Ltd, whereby MBSL will be the surviving entity and to obtain a license to carryon business as a Licensed Specialized Bank.

  • The Bank had reported high interest margin of 5.92 per cent as at 31 December 2013 as compared with the average Licensed Specialized Bank ratio of 2 per cent.

  • High interest margin of 6.90 per cent had reported as at 31 December 2015 as compared with the average Licensed Specialized Bank ratio of 3.8 per cent.


More Definitions of Licensed Specialized Bank

Licensed Specialized Bank means any company or a body corporate which has been issued with licence under the Banking Act No. 30 of 1988 as amended from time to time
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Licensed Specialized Bank means a company or institution licensed or deemed to be licensed as a licensed specialized bank under the Banking Act, No. 30 of 1988;
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Related to Licensed Specialized Bank

  • Licensed Nurse means an Oregon licensed practical or registered nurse.

  • Field means [***].

  • Licensed Professional Engineer means a person acceptable to Buyer in its reasonable judgment who (a) is licensed to practice engineering in California, (b) has training and experience in the power industry specific to the technology of the Project, (c) has no economic relationship, association, or nexus with Seller or Buyer, other than to meet the obligations of Seller pursuant to this Agreement, (d) is not a representative of a consultant, engineer, contractor, designer or other individual involved in the development of the Project or of a manufacturer or supplier of any equipment installed at the Project, and (e) is licensed in an appropriate engineering discipline for the required certification being made.

  • Licensed Services means all functions performed by the Licensed System.

  • Licensed mental health professional or "LMHP" means a physician, licensed clinical psychologist, licensed professional counselor, licensed clinical social worker, licensed substance abuse treatment practitioner, licensed marriage and family therapist, certified psychiatric clinical nurse specialist, licensed behavior analyst, or licensed psychiatric/mental health nurse practitioner.

  • Licensed person means an individual who is licensed or otherwise legally authorized to practice a professional service by a court, department, board, commission, or an agency of this state or another jurisdiction, any corporation or professional services corporation all of whose shareholders are licensed persons, any partnership all of whose partners are licensed persons, or any limited liability company all of whose members and managers are licensed persons.

  • Licensed Property means the portion of the Software and the Documentation to which Customer has purchased a License as identified on an applicable Order. Licensed Property shall include any updates or upgrades to the Licensed Property that AvePoint may at its discretion deliver to Customer.

  • Practice of radiologic technology means the application of x-rays to human beings for diagnostic or

  • Licensed producer means a person or entity licensed to produce medical cannabis.

  • Product means any deliverable under the Contract, which may include commodities, services, technology or software.

  • Hemp products means all products made from industrial hemp,

  • Commercialized shall have corresponding meanings.

  • Pre-Licensed Therapist means an individual who has obtained a Master’s Degree in Social Work or Marriage and Family Therapy and is registered with the BBS as an Associate CSW or MFT Intern acquiring hours for licensing. An individual’s registration is subject to regulations adopted by the BBS.

  • Collaborating physician means the physician who,

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Licensed Product means any method, process, composition, product, service, or component part thereof that would, but for the granting of the rights set forth in this Agreement, infringe a Valid Claim contained in the Licensed Patents.

  • Licensed Processes means processes which, in the course of being practiced, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Licensed User means an employee, contractor or agent of Client who is authorized by Client to access and use the Licensed Software, to whom a password and user ID has been issued by Client and whose access to the Licensed Software has not been terminated, suspended or surrendered.

  • Licensor Technology means the Licensor Patents, the Licensor Know-How, Licensor Materials, Product IP, and Licensor’s rights in the Program IP and Joint Patents.

  • Medical management technique means a practice which is used to control the cost or utilization of health care services or prescription drug use. The term includes, without limitation, the use of step therapy, prior authorization or categorizing drugs and devices based on cost, type or method of administration.

  • Licensed Site means a place in any authorised street at which street trading may be engaged in by a Licence Holder, and includes any temporary alternative place approved by the Council or a duly authorised Officer of the Council.

  • Collaborative drug therapy management means participation by an authorized pharmacist and a physician in the management of drug therapy pursuant to a written community practice protocol or a written hospital practice protocol.

  • Collaboration Product means a pharmaceutical product containing or comprising Compound in any dosage form alone, or in combination with, one or more other pharmaceutically active ingredients, and any and all Improvements thereto.

  • Licensed System means, collectively:

  • Licensed Space means the indoor and outdoor space on the premises approved by the department for the purpose of providing licensed child care.

  • Laboratory or “LANL” means the geographical location of Los Alamos National Laboratory, a federally funded research and development center owned by the DOE / NNSA.