Specified government securities: interest payable to State Bank, subsidiary banks, and nationalised banks clarified under section 193. Central Government, under clause (iiia) of the proviso to section 193 of the Income-tax Act, specifies all securities of the Central and State Governments and identifies recipients of interest thereon as: the State Bank as defined in the State Bank of India Act; any subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act; and any nationalised bank defined as a corresponding new bank under the Banking Companies (Acquisition and Transfer of Undertakings) Acts.