Banking Companies (Acquisition and Transfer of Undertakings) Act,1970

Act No : 5

---

Section : See section 6

THE SECOND SCHEDULE (See section 6) ---------------------------------------------------------------------- Name of existing bank Amount of compensation ---------------------------------------------------------------------- (in lakhs of rupees) The Central Bank of India Limited .. 1750 The Bank of India Limited .. 1470 The Punjab National Bank Limited .. 1020 The Bank of Baroda Limited .. 840 The United Commercial Bank Limited .. 830 Canara Bank Limited .. 360 United Bank of India Limited .. 420 Dena Bank Limited .. 360 Syndicate Bank Limited .. 360 The Union Bank of India Limited .. 310 Allahabad Bank Limited .. 310 The Indian Bank Limited .. 230 The Bank of Maharashtra Limited .. 230 The Indian Overseas Bank Limited .. 250 ---------------------------------------------------------------------- 1 Subs. by Act 81 of 1985, s. 10 (w.e.f. 30-12-1985). 93

---

Read All Comments

Comments

Quick Links

• Recent Comments
• Recent Citations
• Bare Acts Alphabetically