Section 45JA: Power of Bank to determine policy and issue directions

The Bank may, in the public interest, determine the policy relating to-
1. the entry of new non-banking financial companies into the business of accepting deposits;
2. the quantum of deposits, the period for which deposits may be received, the interest payable thereon and other terms and conditions;
3. lending and investment activities of non-banking financial companies.
The Bank may give directions to non-banking financial companies generally or to a class of non-banking financial companies to comply with the requirements of any policy so determined.

The Bank may, in the public interest, determine the policy relating to-
1. the entry of new non-banking financial companies into the business of accepting deposits;
2. the quantum of deposits, the period for which deposits may be received, the interest payable thereon and other terms and conditions;
3. lending and investment activities of non-banking financial companies.
The Bank may give directions to non-banking financial companies generally or to a class of non-banking financial companies to comply with the requirements of any policy so determined.

The Bank may, in the public interest, determine the policy relating to-
1. the entry of new non-banking financial companies into the business of accepting deposits;
2. the quantum of deposits, the period for which deposits may be received, the interest payable thereon and other terms and conditions;
3. lending and investment activities of non-banking financial companies.
The Bank may give directions to non-banking financial companies generally or to a class of non-banking financial companies to comply with the requirements of any policy so determined.

The Bank may, in the public interest, determine the policy relating to-
1. the entry of new non-banking financial companies into the business of accepting deposits;
2. the quantum of deposits, the period for which deposits may be received, the interest payable thereon and other terms and conditions;
3. lending and investment activities of non-banking financial companies.
The Bank may give directions to non-banking financial companies generally or to a class of non-banking financial companies to comply with the requirements of any policy so determined.