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Section 35AB: Power of Reserve Bank to issue directions in respect of stressed assets.

The Banking Regulation Act, 1949Central Act · Act 10 of 1949

[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.]

Where this provision sits

ActThe Banking Regulation Act, 1949
Section35AB
Marginal notePower of Reserve Bank to issue directions in respect of stressed assets.
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it1

How this provision has been amended

Taken from the footnotes printed with the provision by the source. Where a footnote names the amending instrument, it is quoted as printed.

  • inserted, Act 30 of 2017. . Ins. by Act 30 of 2017, s. 2, (w.e.f. 4-5-2017).

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