Declaration for non-application of the provisions of Section 13 of the said Act, to the ING Vysya Bank Ltd. in so far as they relate to the issue of equity shares to Qualified Institutional Buyers (QIBs) and to the Development Credit Bank Ltd.: Section 53 of the Banking Regulation Act, 1949
No: 170 Dated: Jan, 23 2014
The Central Govt, on the recommendations of Reserve Bank of India, hereby declares that the provisions of Section 13 of the said Act, shall not apply to the ING Vysya Bank Ltd. in so far as they relate to the issue of equity shares to Qualified Institutional Buyers