Section 5. Conferment of status and certain immunities, exemptions and privileges on Bank and conferment of cer

5. Conferment of status and certain immunities, exemptions and privileges on Bank and conferment of certain immunities, exemptions and privileges on its officers employees. —(1) Notwithstanding anything to the contrary contained in any other law, the provisions of the Agreement set out in the Schedule shall have the force of law in India: and Provided that nothing in Article 56 of the Agreement shall be construed as—