Assessee-NBFC, engaged in micro-financing, had acquired loan from three banks for purpose of its business. It claimed interest paid  as deduction which was not paid up to due date for filing of return. Held that since said three banks were included in second schedule to RBI Act, 1934 and fell within meaning of ‘schedule bank’, provision of section 43B(e) would be attracted and, accordingly,  disallowance of interest paid on loan is held to be justified.(AY. 2012-13)