Permitted banking activities allow Banking Units to operate within statutory limits, subject to regulatory conditions and risk management requirements.

Regulation 13 permits Banking Units to undertake activities allowed under section 3(1)(e) of the Act or section 6 of the Banking Regulation Act, 1949, unless expressly prohibited. Such activities remain subject to applicable terms, conditions and guidelines, including product design, execution and risk management requirements. The substituted provision adopts a statutory cross-reference model in place of an earlier activity-specific framework covering lending, investments, trade finance, derivatives, Foreign Portfolio Investor operations, clearing, portfolio management and investment advisory services.

---

---

---