Approval of Scheduled Banks under Section 36(1)(viiia) confirms specified banks for tax treatment from assessment year 1983. Central Government, exercising the proviso to clause (viiia) of sub section (1) of section 36 of the Income tax Act, approves specified scheduled banks for the purposes of that clause for the assessment year commencing 1 April 1983 and any subsequent year; the approved banks are State Bank of India, Bank of Baroda, Indian Overseas Bank, United Commercial Bank, Punjab National Bank, Central Bank of India and Bank of India.