Section 37:
National Bank not to grant loans or advances against its own bonds or debentures.
The
National Bank shall not grant any loan or advance on the security of its own bonds or debentures.
61/1981 - The National Bank for Agriculture and Rural Development Act, 1981 ▶
Act Number: 61
Act Name: The National Bank for Agriculture and Rural Development Act, 1981
Year: 1981
Enactment Date: 1981-12-30
Long Title: An Act to establish a development bank to be known as the National Bank for Agriculture and Rural Development for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas and for matters connected therewith or incidental thereto.
Ministry: Ministry of Finance
Department: Department of Financial Services