AMENDMENTS TO THE BANKING REGULATION ACT, 1949
1. Amendment of section 5.—In the Banking Regulation Act, 1949 (10 of 1949) (hereinafter referred
to as the principal Act), in section 5, after clause (ha), the following clauses shall be inserted, namely:—
'(hb) “National Bank for Financing Infrastructure and Development” means the Institution
established under section 3 of the National Bank for Financing Infrastructure and Development Act,
2021;
(hc) “other development financial institution” means a development financial institution licensed
under section 29 of the National Bank for Financing Infrastructure and Development Act, 2021;'.
2. Amendment of section 18.—In section 18 of the principal Act, in sub-section (1), in the Explanation,
in clause (a), in sub-clause (ii), after the words “or from the Small Industries Bank”, the words “or from the
National Bank for Financing Infrastructure and Development or from the other development financial
institution” shall be inserted.
3. Amendment of section 34A.—In section 34A of the principal Act, in sub-section (3), after the words
“the Small Industries Bank”, the words “,the National Bank for Financing Infrastructure and Development
or the other development financial institution,” shall be inserted.
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4. Amendment of section 36AD.—In section 36AD, in sub-section (3), after the words “the Small
Industries Bank”, the words “, the National Bank for Financing Infrastructure and Development or the other
development financial institution,” shall be inserted.