Mutual Banks Act, 1993 (Act No. 124 of 1993)

Chapter V : Prudential requirements

49. Minimum reserve balance

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The provisions of section 10A of the South African Reserve Bank Act, 1989 (Act No. 90 of 1989), relating to the maintenance by a bank of a minimum reserve balance in an account with the South African Reserve Bank, shall mutatis mutandis apply to any mutual bank.