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

Section 17. References to existing banks on and from the commencement of this Act.—

Any reference to any existing bank in any law, other than this Act, or in any contract or other instrument shall, in so far as it relates to the undertaking which has been transferred by section 4, be construed as a reference to the corresponding new bank.

Source: IndiaCode Portal, Legislative Department, Ministry of Law and Justice, Government of India. Open on India Code Check against the official text before relying on it.

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