Act Number: 10

Act Name: The Banking Regulation Act, 1949

Year: 1949

Enactment Date: 1949-03-10

Long Title: An Act to consolidate and amend the law relating to banking.

Ministry: Ministry of Finance

Department: Department of Financial Services

Section 35AB: Power of Reserve Bank to issue directions in respect of stressed assets.
    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.]
Notes:
1. Ins. by Act 30 of 2017, s. 2, (w.e.f. 4-5-2017).
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