- The provisions of Section 84 shall apply to a specified bank as if in sub-section (1) of that section, for the words "at least once in each year ", the words "at least once in each quarter of a year " had been substituted.

Explanation. - For the purpose of this section, the expression, "specified bank " means,-

(i) a bank having deposits of not less than fifty crores rupee;

(ii) a bank which is a Scheduled Bank within the meaning of clause (e) of Section 2 of the Reserve Bank of India Act, 1934 (2 of 1934).