Part of: Section 17 — Business which the Bank may transact
(2) (a) the purchase, sale and rediscount of bills of exchange and promissory notes, 17[drawn on 18[and payable in India]] and arising out of bona fide commercial or trade transaction bearing two or more good signat ures, one of which shall be that of a scheduled bank 19[or a State co -operative bank] 20[or any financial institution, which is predominantly engaged in the acceptance or discounting