Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsReserve requirements
| 29. Notwithstanding anything contained in the Monetary Law Act the provisions of section 93 of the Monetary Law Act, shall not apply to or in relation to the Bank for a period of three years after the date of commencement of its business and thereafter for the next succeeding period of three years the Bank shall be required to maintain only one half of the reserves that such bank is required to maintain under that section. |