Chapter-5 Provisions on License

Section 36: Rastra Bank may Specify Conditions

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1) The Rastra Bank may, while granting a license for carrying on banking and financial transactions pursuant to Section 34, specify necessary terms and conditions by giving consideration to the existing position of the bank or financial institution, healthy operation of financial transactions and interests of depositors. It shall be the duty of the concerned bank or financial institution to abide by such terms and conditions.

2) The Rastra Bank may bring necessary alterations and changes from time to time as per the requirement in the terms and conditions as specified pursuant to sub-section (1).

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Section 36: Rastra Bank may Specify Conditions

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