38A. Promotion of subsidiaries
[38A. Promotion of subsidiaries.— The National Bank may, in consultation with the Reserve Bank, promote, form or manage or associate itself in promotion, formation or management of companies, subsidiaries, affiliates, societies, trusts or such other association of persons, as it may deem fit, for the purpose of carrying out its functions under this Act.]
Amendment notes (1)
- Ins w.e.f. 1-2-2001 . Ins. by s. 24, ibid. (w.e.f. 1-2-2001).