Yes, if the Reserve Bank of India appoints another bank as its agent under Section 45(1) of the RBI Act 1934, that bank also qualifies as 'Bank' under Rule 2(b). The key criterion is RBI authorization, not just being a public sector bank.
Source: GAR Rule 2
What is the sequence of certification?
Why must Ministerial oral orders be confirmed in writing even when they follow the rules?
Does this rule apply to social media accounts of Ministries as well?
What is the key difference between a D.O. letter and a regular letter?
Who is responsible for keeping the residential address list of Section staff?
This answer is for informational purposes only and does not constitute legal advice. Always refer to the original rules and consult competent authorities for official interpretation.