45A. Definitions.- In this Chapter, unless the context otherwise requires,– (a) ‘‘banking company’’ means a banking company as defined in section 5 of the Banking Regulation Act, 1949], and includes the State Bank of India, any subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959, any corresponding new bank constituted by section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and any other financial institution notified by the Central Government in this behalf;
(b) ‘‘borrower’’ means any person to whom any credit limit has been sanctioned by any banking company, whether availed of or not, and includes–
(i) in the case of a company or corporation, its subsidiaries; (ii) in the case of a Hindu Undivided Family, any member thereof or any firm in which such member is a partner; (iii) in the case of a firm, any partner thereof of any other firm in which such partner is a partner; and
(iv) in the case of an individual, any firm in which such individual is a partner; (c) ‘‘credit information’’ means any information relating to– (i) the amounts and the nature of loans or advances and other credit facilities granted by a banking company to any borrower or class of borrowers; (ii) the nature of security taken from any borrower or class of borrowers for credit facilities granted to him or to such class; (iii) the guarantee furnished by a banking company for any of its customers or any class of its customers;
(iv) the means, antecedents, history of financial transactions and the credit worthiness of any borrower or class of borrowers;
(v) any other information which the Bank may consider to be relevant for the more orderly regulation of credit or credit policy.
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