5. Section 101 of the principal enactment is hereby amended as follows: -
| (1) in subsection (1) of that section,
| | (a) by the substitution in paragraph (a) thereof, for the words "prohibit commercial banks from" of the words "prohibit commercial banks and licensed specialized banks from"; | | |
| | (b) by the substitution in paragraph (b) thereof, for the words "within specified periods:" of the words "within specified periods; or"; | | |
| | (c) by the addition immediately after paragraph (b) thereof, of the following new paragraph: -
| | | "(c) fix the minimum percentage of loans to be extended, to any identified sector of the economy, by the commercial banks or licensed specialized banks:"; and |
|
| | (d) in the proviso thereto, by the substitution for the words "require any commercial bank to" of the words "require any commercial bank or licensed specialized bank to"; and | | |
|
|
| (2) in subsection (2) of that section, by the substitution for the words "of each commercial bank" of the words "of each commercial bank or licensed specialized bank". |
|
|
Sri Lanka Consolidated Acts