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.
Section 8: Corresponding new banks to be guided by the directions of the Central Government.
The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970Central Act · Act 5 of 1970
Where this provision sits
| Act | The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 |
|---|---|
| Section | 8 |
| Marginal note | Corresponding new banks to be guided by the directions of the Central Government. |
| Jurisdiction | Central |
| Status | In force as published by the source |
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