| (2) Without prejudice to the generality of the powers conferred by subsection (1) directions may be given by the Board to Institutions, or to any group or category of Institutions in respect of-
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| (a) the terms and conditions under which deposits may be accepted by such Institutions, the maximum amount that may be deposited with an Institution in the name of one person in one or more accounts, the maximum rates of interest payable on such deposits, and the maximum periods for which deposits may be received ; | | |
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| (b) the form and manner in which books of account or other records or documents are to be maintained by such Institutions ; | | |
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| (c) the terms and conditions under which any loan may be granted by such Institutions; | | |
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| (d) the maximum rate of interest that may be charged by such Institutions in respect of any loan ; | | |
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| (e) the maximum rates which may be paid to or charged by such Institutions by way of commissions, discounts, fees or other payments whatsoever ; | | |
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| (f) the terms and conditions under which investments may be made by such Institutions ; | | |
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| (g) the minimum ratio which the capital of such Institutions should bear to the total deposit liabilities of such Institutions; | | |
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| (h) the minimum ratio which the liquid assets of such Institutions should bear to the total deposit liabilities of such Institutions and the categories of liquid assets that should be taken into account in calculating such ratio ; | | |
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| (i) the minimum initial payment a prospective hirer should make on any hire-purchase agreement and specific different initial payments for different classes of transactions ; such minimum initial payment may be expressed as a percentage of the value of the goods; and | | |
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| (j) the maximum permissible maturities for loans and investments made by such Institutions and the nature and amount of the security that may be required or permitted for various types of credit operations. | | |
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Sri Lanka Consolidated Acts