LawgistThe National Bank for Agriculture and Rural Development Act
33Power to impose conditions for accommodation
In entering into any transaction 1[under this Act with a borrower], the National Bank may impose such conditions as it may think necessary or expedient for protecting the interests of the National Bank.
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1. Subs. by s. 19, ibid., for "under this Chapter with a borrowing institution" (w.e.f. 1-2-2001).
CREDIT FUNCTIONS OF THE NATIONAL BANK
- 21 Production and marketing credit
- 22 Conversion loan for production credit
- 23 Rescheduling of loans to artisans, small-scale industries, etc
- 24 Investment credit--medium term
- 25 Other investment credit
- 26 Purchase and sale of shares
- 27 Loans to State Governments for share capital contribution
- 27A Loans to State Government, undertakings, etc
- 28 Security for credit
- 29 Amounts and securities to be held in trust
- 30 Direct loans
- 30A Bills rediscounting
- 31 Commission
- 32 Issue of guarantees
- 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
- 37 National Bank not to grant loans or advances against its own bonds or debentures
- 37A Prohibited business
