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Reserve Bank oversight expanded: amendments add central bank direction and limit application to corporate housing finance institutions. Amendments to section 33 substitute 'housing finance institution' with 'housing finance institution which is a company', replace references to 'the National Housing Bank' with 'the National Housing Bank and the Reserve Bank' (and in one place with 'Reserve Bank'), and amend sub section (3) so that the authority 'may at any time and shall, on being directed to do so by the Reserve Bank,' act.
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<h1>Reserve Bank oversight expanded: amendments add central bank direction and limit application to corporate housing finance institutions.</h1> Amendments to section 33 substitute 'housing finance institution' with 'housing finance institution which is a company', replace references to 'the National Housing Bank' with 'the National Housing Bank and the Reserve Bank' (and in one place with 'Reserve Bank'), and amend sub section (3) so that the authority 'may at any time and shall, on being directed to do so by the Reserve Bank,' act.
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