Requirements regarding loans, etc

The Bank may after consultation with the banks, issue orders prescribing, in respect of the loans, advances or investments of banks– (a) the purposes for which they may or may not be granted; (b) the maximum maturities or in the case of loans and advances the type and maximum amount of the security which shall be required and in the case of letters of credit, the minimum amount of margin deposits; (c) the limits for any particular categories of loans advances or investments or for their total amount outstanding; (d) particular categories of loans advances or investments to be preferred by licensed financial institutions in the allocation of credit facilities and target dates by which specified increases in the amounts outstanding shall have been implemented, provided that the target date prescribed in any order shall not be less than six months after the date of that order.