Section 35AB
Power of Reserve Bank to issue directions in respect of stressed assets.
The Banking Regulation Act, 1949
About this Act
An Act to consolidate and amend the law relating to banking.
1[35AB. Power of Reserve Bank to issue directions in respect of stressed assets. --(1) Without
prejudice to the provisions of section 35A, the Reserve Bank may, from time to time, issue directions to
any banking company or banking companies for resolution of stressed assets.
(2) The Reserve Bank may specify one or more authorities or committees with such members as the Reserve Bank may appoint or approve for appointment to advise any banking company or banking companies on resolution of stressed assets.]
(2) The Reserve Bank may specify one or more authorities or committees with such members as the Reserve Bank may appoint or approve for appointment to advise any banking company or banking companies on resolution of stressed assets.]
Notes
1. Ins. by Act 30 of 2017, s. 2, (w.e.f. 4-5-2017).