Section 6(1) in Banking Regulation Act,1949 states that "in addition to the business of banking, a banking company may engage in any one or more of the following forms of businesses. They are the borrowing, raising or taking up of money, the lending or advancing of money either upon or without security, the drawing, making, accepting, discounting, buying, selling, collecting and dealing in bills of exchange, hoondees, promissory notes, coupons, drafts, bills of lading, railway receipts, warrants, debentures, certificates, scrips and other instruments and securities whether transferable or negotiable or not.