Scheduled Commercial Bank definition

Scheduled Commercial Bank means any bank included in the second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934).
Scheduled Commercial Bank means a bank included in the Second Schedule to the Reserve Bank of India Act, 1934 excluding a Regional Rural Bank or a Co- operative Bank.
Scheduled Commercial Bank means scheduled commercial banks as included in the second schedule to the Reserve Bank of India Act, 1934;

Examples of Scheduled Commercial Bank in a sentence

  • A bank guarantee issued/confirmed by a Scheduled Commercial Bank in India in the form provided in the bidding documents and valid for 45 days beyond the validity of the bid.

  • In case of foreign bidders or in case of GTE, if Bank Guarantee is from a foreign bank branch situated outside India, the Bank Guarantee must be issued through any of the Scheduled Commercial Bank.

  • The Power of Attorney to be witnessed by two persons mentioning their full name and address.4. The Bank Guarantee should be executed by a Nationalised Bank/ Scheduled Commercial Bank only.5. Non – Judicial stamp paper shall be used within 6 months from the date of Purchase of the same.

  • The BG has to be issued by a Scheduled Commercial Bank other than SBI and needs to be submitted within the specified time of receipt of formal communication from the Bank about their Bid finally selected.

  • The Power of Attorney is to be witnessed by two persons mentioning their full name and address.3. The B.G. should be executed by a Nationalised Bank/ Scheduled Commercial Bank preferably on a branch located in Kolkata.


More Definitions of Scheduled Commercial Bank

Scheduled Commercial Bank means a Scheduled Bank as listed in the Second Schedule of the Reserve Bank of India Act, 1934, excluding those listed under the headings of Gramin Banks, Urban Co-operative Banks and State Cooperative Banks.
Scheduled Commercial Bank means a bank, defined as a scheduled bank under section 2(e) of the Reserve Bank of India Act, 1934.
Scheduled Commercial Bank means banks other than co-operatives banks included in second schedule of Reserve Bank of India Act, 1934.
Scheduled Commercial Bank means any bank included in the second Schedule to the Reserve Bank of India Act, l934 (2 of l934). Words and expressions used in this Disclosure Document and not expressly defined shall be interpreted according to their usage in the Regulations and the SEBI Act, 1992. The definitions are not exhaustive. They shall also carry the meaning assigned to them in the Regulations governing Portfolio Management Services.
Scheduled Commercial Bank means a banking company included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934) and includes the State Bank of India, subsidiary bank, corresponding new bank and Regional Rural Bank.
Scheduled Commercial Bank means all banks are included in the second schedule to the Reserve Bank of India Act, 1934.
Scheduled Commercial Bank means any bank included in the Second Schedule tothe Reserve Bank of India Act, 1934.