Sri Lanka Consolidated Acts

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Banking Act (No. 30 of 1988) - Sect 7

Bank of Ceylon. People's Bank c not to be restricted by preceding provisions in the exercise of powers

7. Nothing contained in the provisions of section 6 shall be construed so as to restrict the Bank of Ceylon or the People's Bank, established under the Bank of Ceylon Ordinance (Chapter 397), the People's Bank Act, No. 29 of 1961, respectively, and any Regional Rural Development Bank established under the Regional Rural Development Bank Act, No- 15 of 1985, in the exercise of the powers conferred on each such bank by and under the aforesaid statutes applicable to each of such banks, respectively.


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