Sri Lanka Consolidated Acts

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National Development Bank Of Sri Lanka. Act (No. 2 of 2005) - Sect 26

Temporary borrowings from the Central Bank

26.
(1)The Bank may, from time to time, borrow sums of money from the Central Bank for periods not exceeding six months, subject to such terms and conditions as to the interest thereon and the repayment thereof as may be determined by the Monetary Board.
(2) Borrowings by the Bank under subsection (1) shall at no time exceed a sum equivalent to ten per centum of the paid-up capital and free reserves of the Bank.

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