Bare ActsThe Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980

Section 8

Corresponding new banks to be guided by the directions of the Central Government.

Amendment status not verified — confirm the current text below against the official source.

Every corresponding new bank shall, in the discharge of its functions, be guided by such directions in regard to matters of policy involving public interest as the Central Government may, after consultation with the Governor of the Reserve Bank, give.

Amended up to 2019-04-15View on India Code →
Section 8 – The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980 | DailyLaw.ai