Banking (Amendment) Act 2024 · இயற்றப்பட்டவாறு
27. Amendment of section 46 of the principal enactment
அதிகாரப்பூர்வ ஆங்கில மொழிபெயர்ப்பு. சிங்கள உரை மேலோங்கும். அதிகாரப்பூர்வ Sinhala உரையைத் திறக்கவும், documents.gov.lk-இல் அதிகாரப்பூர்வ PDF
அதிகாரப்பூர்வ மொழிபெயர்ப்புDepartment of Government Printing-இலிருந்து, மாற்றமின்றி
Section 46 of the principal enactment is hereby amended in subsection (1) thereof, as follows:-
by the substitution for the words “directions to licensed commercial banks” of the words
This Part of this Act to prevail in case of inconsistency
“directions to licensed commercial banks considering the asset size, scale, diversity and complexity of operations of such banks”;
by the repeal of paragraph (c) thereof and the substitution therefor, of the following:-
“(c)
the limit on large exposures which, having regard to the equity capital, reserves and deposits of such licensed commercial bank and other relevant considerations including, as far as practicable, the adoption of international standards applicable on large exposures, as may be made by such bank-
to any single company, public corporation, firm, association of persons or an individual; or
in the aggregate to-
(A)
an individual, his close relations or to a company or firm in which he or his close relations have a substantial interest; or
(B)
a group of connected borrowers if at least one of the following criteria is satisfied:-
control relationship, a company and one or more of the following having a control relationship with each other:-
its subsidiaries;
its holding company;
its associate company;
a subsidiary of its holding company;
a company in which a company referred to in item (a) of this sub subparagraph or its subsidiary, or its holding company, or a subsidiary of its holding company, has a substantial interest;
an individual having a substantial interest in such company and the close relations of such individual; or
any other company having direct or indirect control over such company as may be determined by the
Central Bank;
economic interdependence between connected borrowers as may be determined by the Central
Bank based on predetermined criteria:
Provided that, it shall be lawful for a licensed commercial bank to comply with the provisions of this paragraph within a period of three years from the appointed date or such other period as may be determined by the Central Bank.”.