Strategic disinvestment expanded to permit banking company amalgamations under sanctioned schemes and within a five-year period. Amendment revises section 72AA to allow a banking company to amalgamate with a banking institution under a Central Government sanctioned scheme under section 45(7) of the Banking Regulation Act, or with a banking institution or company after a strategic disinvestment provided the amalgamation occurs within five years from the end of the previous year in which the strategic disinvestment was carried out; it also inserts an Explanation clause defining 'strategic disinvestment' by reference to the Explanation to clause (d) of sub-section (1) of section 72A.