Chapter VI — CREDIT FUNCTIONS OF THE NATIONAL BANK

Section 30ABills rediscounting

Section 30A: Bills rediscounting

30A. Bills rediscounting

[30A. Bills rediscounting.—The National Bank may rediscount bills of exchange and promissory notes made, drawn, accepted or endorsed by any company or body corporate concerned with agriculture and rural development presented by a scheduled bank, a State co-operative bank, State land development bank, regional rural bank or any other institution or class of institutions approved by the Board.]

Amendment notes (1)
  1. Subs w.e.f. 1-2-2001 . Subs. by s. 17, ibid., for section 30 (w.e.f. 1-2-2001).