Banking Regulation Act, 1949 · Chapter II: Business of Banking Companies
Section 21A: Rates of interest charged by banking companies not to be subject to scrutiny by courts
Notwithstanding anything contained in the Usurious Loans Act, 1918 (10 of 1918), or any other law relating to indebtedness in force in any State, a transaction between a banking company and its debtor shall not be re-opened by any Court on the ground that the rate of interest charged by the banking company in respect of such transaction is excessive.]
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 21A
- Sgs Infratech Ltd v. Punjab and Sind Bank
- Jayant Verma & Ors. v. Union of India & Ors.
- Punjab and Sind Bank v. M/S. Allied Beverage Company Pvt. Ltd. and Ors.
- State Bank of India v. Yasangi Venkateswara Rao
- Canara Bank v. P.R.N. Upadhyaya and Ors.
- N.M. Veerappa v. Canara Bank
- Corporation Bank v. D.S. Gowda and Anr.