Bare ActsThe National Bank for Financing Infrastructure and Development Act, 2021

Section 23

Hedging costs.

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

Hedging costs in connection with any borrowing of foreign currency by the Institution for the purposes of granting loans and advances or its repayment, to insulate the Institution from any fluctuations in the rates of exchange, may be reimbursed by the Central Government in part or in full.

Section 23 – The National Bank for Financing Infrastructure and Development Act, 2021 | DailyLaw.ai