Section 9, State Associated Banks (Miscellaneous Provisions) Act, 1962 [S1H-DYP]

As at 7 September 2026. In force from 25 October 1962.

In State Associated Banks (Miscellaneous Provisions) Act, 1962 [A10-J0N]. This text from 25 October 1962. No other text held.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 9, State Associated Banks (Miscellaneous Provisions) Act, 1962 [S1H-DYP]. Machine: S1H-DYP.

9. Power to issue directions.—(1) The Reserve Bank may, by order in writing, direct any financial institution to take such measures in relation to the business of a financial institution as may be specified in the order, and such person shall comply with the direction within the period specified therein. (2) An order under sub-section (1) shall state the reasons on which it is made and shall be served on the person to whom it is addressed in such manner as may be prescribed.

Defined terms in this text (2)

financial institution: Section 2, State Associated Banks (Miscellaneous Provisions) Act, 1962 [S1HDQ4] (In this Act, unless the context otherwise requires,—): "financial institution" means a financial institution as defined in clause (c) of section 45-I of the Reserve Bank of India Act, 1934 (2 of 1934)

financial institution: 25 more definitions.

Reserve Bank: Section 2, State Associated Banks (Miscellaneous Provisions) Act, 1962 [S1HDQ4] (In this Act, unless the context otherwise requires,—): "Reserve Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934)

Reserve Bank: 24 more definitions.

Made under this section, or naming it (0)

none

Cited by (0)

none

Not held (0)

none

Duties published under this section (0)

none