Notification under sub-section (1) of section 53 of the Banking Regulation Act, 1949(dated -09.05.2022)-Ministry of Finance.
View PdfNotification under sub-section (1) of section 53 of the Banking Regulation Act, 1949(dated -09.05.2022)-Ministry of Finance.
- In exercise of the powers conferred by sub-section (1) of section 53 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government, on the recommendation of the Reserve Bank of India, hereby declares that the provisions of sub-section (1) of section 15 of the said Act shall not apply to a banking company for a period upto 31st March, 2026, in so far as it relates to the treatment of unamortised expenditure on account ofenhancement in family pension as set out in the Reserve Bank of India circular DOR.ACC.REC.57/21.04.018/2021-22 dated 4th October, 2021, refer attachment for further details.
