Banking Companies (Acquisition and Transfer of Undertakings) Act : Corresponding new banks to be

Banking Companies (Acquisition and Transfer of Undertakings) Act,1980

Act No : 40

Section : Corresponding new banks to be guided by the directions of the CentralGovernment.

8. Corresponding new banks to be guided by the directions of the Central Government. Every corresponding new bank shall, in the discharge of its functions, be guided by such directions in regard to matters of policy involving public interest as the Central Government may, after consultation with the Governor of the Reserve Bank, give.