Sri Lanka Consolidated Acts Sri Lanka Consolidated ActsAN ACT TO ENABLE THE MONETARY BOARD OF THE CENTRAL BANK TO ESTABLISH DEVELOPMENT BANKS FOR SPECIFIED REGIONS WITH A VIEW TO DEVELOPING THE ECONOMY OF THE REGION BY PROVIDING, FOR THE DEVELOPMENT OF AGRICULTURE, INDUSTRY, TRADE, COMMERCE AND OTHER DEVELOPMENT ACTIVITIES IN THAT REGION ; TO VEST THE BUSINESS OF REGIONAL RURAL DEVELOPMENT BANKS SITUATED IN SUCH SPECIFIED REGIONS IN THE CORRESPONDING DEVELOPMENT BANKS ; AND FOR MATTERS CONNECTED THEREWITH OR INCIDENTIAL THERETO.