law: Banking Regulation Act, 1949
  7. Use of words "bank", "banker", "banking" or "banking company"
  (1) No company other than a banking company
  
  shall use as part of its name 15[or, in connection with its business] any of
  
  the words "bank", "banker" or "banking" and no
  
  company shall carry on the business of banking in India unless it uses as part
  
  of its name at least one of such words.
  (2) No firm, individual or group of
  
  individuals shall, for the purpose of carrying on any business, use as part of
  
  its or his name any of the words "bank", "banking" or
  
  "banking company".
  (3) Nothing in this section shall apply to-
  (a) a subsidiary of a
  
  banking company formed for one or more of the purposes mentioned in sub-section
  
  (1) of section 19, whose name indicates that it is a subsidiary of that banking
  
  company;
  (b) any association of
  
  banks formed for the protection of their mutual interests and registered under
  
  section 25 of the Companies Act, 1956 (1 of 1956).]