Sri Lanka Consolidated Acts

[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]

Banking (Amendment) Act (No. 33 of 1995) - Sect 9

Insertion of new section 13A in the principal enactment

9. The following new section is hereby inserted immediately after section 13 and shall have effect as section 13A of the principal enactment:-
13A.
(1) Notwithstanding the provisions contained in paragraph (a) of subsection (1) of section 12, the Deputy Governor may on, guidelines issued by the Monetary Board for such purpose, grant approval for the establishment of mobile banking units, subject to such terms and conditions as he may determine, from time to time.
(2) The Deputy Governor may on a report of Director of Bank Supervision, by order made in writing withdraw the approval granted under subsection (1) or vary the terms and conditions of such approval, and notice of the decision shall be communicated to the relevant licensed commercial bank".


[Index] [Table] [Database Search] [Name Search] [Previous] [Next] [Help]