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(1) The capital of the National Bank shall be one hundred crores of rupees:
1[Provided that the Central Government may, by notification, increase the said capital up to thirty
thousand crore rupees:
Provided further that the Central Government may, in consultation with the Reserve Bank and by
notification, further increase the said capital to such amount as it may deem necessary from time to time].
2[(2) The capital of the National Bank which has been subscribed to by the Reserve Bank valued at
twenty crore rupees as on the date immediately preceding the commencement of the National Bank for
Agriculture and Rural Development (Amendment) Act, 2018 shall, on such commencement, stand
transferred to, and vested in, the Central Government:
Provided that the National Bank may issue capital to such institutions and persons in such manner as
may be notified by the Central Government:
Provided further that the combined shareholding of the Central Government and the Reserve Bank
shall not at any time be less than fifty-one per cent. of the total subscribed capital.
(3) The Central Government shall give to the Reserve Bank an amount equal to the face value of the
subscribed capital, valued at twenty crores of rupees, referred to in sub-section (2), in cash, for transfer to,
and vesting in the Central Government of the capital of the National Bank which has been so subscribed
to by the said Bank.]
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1. The proviso subs by s. 5, ibid. (w.e.f. 15-3-2018).
2. Subs by Act 7 of 2018, s. 5, for sub-section (2) (w.e.f. 15-3-2018).