question_answer

In terms of Section-5 [a] [e] of the Banking Regulation Act 1949, a 'banking company' means any company which                                                                                                [IBPS Clerk 2015]

A) transacts the business of banking in India

B)  undertakes lending of money

C)  accepts deposits from public and invests the same as trade and industry

D)  accepts deposits from public

E)  All of the above