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The National Bank for Agriculture and Rural Development Act

# 37    National Bank not to grant loans or advances against its own bonds or debentures

The National Bank shall not grant any loan or advance on the security of its own bonds or debentures.

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CREDIT FUNCTIONS OF THE NATIONAL BANK
  • 33
     Power to impose conditions for accommodation
  • 34
     Power to call for repayment before agreed period
  • 35
     National Bank to have access to records
  • 36
     Validity of loan or advance not to be questioned
  • 37A
     Prohibited business
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