Sri Lanka Consolidated Acts

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Banking (Amendment) Act (No. 33 of 1995) - Sect 26

Insertion of new section 46A in the principal enactment

26. The following new section is hereby inserted immediately after section 46. and shall have effect as section 46A of the principal enactment:-
46A. The Monetary Board shall have the power to require both general and specific provisions relating to bad and doubtful debts, to be made by licensed commercial banks and it shall be the duty of all licensed commercial banks to conform with the requirement so imposed.".

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