The Corporation shall register every new banking company as an insured bank as soon as may be after it is granted a licence under section 22 of the 1[Banking Regulation Act, 1949 (10 of 1949)], 2***
Source footnotes
1. Subs. by s. 2, ibid., for "the Banking Companies Act, 1949" (w.e.f. 1-7-1971).2. The words and figures ", or, as the case may be, after it is notified under section 51 of the said Act" omitted by Act 1 of 1984, s. 59 (w.e.f. 15-2-1984).
आगे पढ़ें / Continue reading
Explore the next section or browse this act in the selected language.
Next · Section 11ARegistration of Regional Rural Banks. →All sections / सभी धाराएँThe Deposit Insurance and Credit Guarantee Corporation Act, 1961 →
More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definition.Section 3 · Establishment and incorporation of Deposit Insurance Corporation.Section 4 · Capital of Corporation.Section 5 · Management of Corporation.Section 6 · Board of directors.Section 7 · Meetings of Board.Section 8 · Committees of Corporation.India Code, Government of India. Text fetched 22 Oct 2026. Source metadata reports last modification: 2019-11-29. Check the linked official text and subsequent notifications when applying a provision.