Section 35AB of the Banking Regulation Act, 1949 – Power of Reserve Bank to issue directions in respect of stressed assets

Home › The Banking Regulation Act, 1949 › Part II – Business of banking companies

Section 35AB: Power of Reserve Bank to issue directions in respect of stressed assets

1[35AB. Power of Reserve Bank to issue directions in respect of stressed assets. –(1) Without prejudice to the provisions of section 35A, the Reserve Bank may, from time to time, issue directions to any banking company or banking companies for resolution of stressed assets.

  • (2) The Reserve Bank may specify one or more authorities or committees with such members as the Reserve Bank may appoint or approve for appointment to advise any banking company or banking companies on resolution of stressed assets.]

Source: official text of The Banking Regulation Act, 1949 as published on India Code (PDF). All sections of the Banking Regulation Act, 1949.

Related posts:

  1. The Banking Regulation Act, 1949 – All Sections
  2. Section 56 of the Banking Regulation Act, 1949 – Act to apply to co-operative societies subject to modifications
  3. The Reserve Bank of India Act, 1934 – All Sections
  4. Section 45 of the Banking Regulation Act, 1949 – Power of Reserve Bank to apply to Central Government for suspension of business by a banking company and to prepare scheme of reconstitution or amalgamation