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7/21/2019 Rbi Lender of Last Resort
1/20
A PROJECT ON
RESERVE BANK OF INDIA (LENDER OF LAST RESORT)SUBMITTED TO
DR.Y.PAPA RAO
(FACULTY FOR BANKING LAW(OPTIONAL-1))
SUBMITTED BY
GARIMA AGRAWAL
ROLL NO. 46, SEMESTER I!T"
B.A. LL.B("ONS.) BATC" !
DATE OF SUBMISSION
10TH OF OCTOBER,2014
HIDAYATULLAHNATIONALLAWUNIVERSUTY
RAIPUR(C.G.)
1
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CONTENTSACKNOWLEDGMENTS.............................................................................................3
DECLARATION........................................................................................................ 4
RESEARCH METHODOLOGY.....................................................................................5
RESERVE BANK OF INDIA........................................................................................ 6
STRUCTURE OF RBI.................................................................................................7
FUNCTIONS OF RBI ( THE INDIA'S CENTRAL BANK LIST...........................................9
LENDER OF LAST RESORT(MEANING.....................................................................13
H!" #$ "!%&E)*+-............................................................................................ 13
W/ #$ M*$$%......................................................................................................14
RBI AS LENDER OF LAST RESORT...........................................................................14
CONCLUSION........................................................................................................ 17
REFERENCE.......................................................................................................... 18
2
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ACKNOWLEDGMENTS
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3
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DECLARATION
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H#**$--*/ N*$#!5*- L*" U5#7%#$, R*#%, # * %6!% !3 *5 !%##5*- "!%& !5 9 +
5% $/ #*56 !3 D%. P** R*! *5 $/# %!86$ "!%& /* 5!$ 95 %3!%+ !5 $/ 9*#
3!% $/ *"*% !3 *5 D% !% #-!+* *!6#*$ /# 3--!"/# *5 #+#-*% %!86$ #3 *5.
; G*%#+* A%*"*-
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R!-- N!. 4?
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RESEARCH METHODOLOGY(#) P$%&'* ;
W/*$ )*6$- # +*5$ 9 -5% !3 -*$ %!%$ 356$#!5@
H!" ! RBI )%6# $/# 356$#!5@
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-!*5 *5 *7*56 *5 $/ *6$#5 * -5% !3 -*$ %!%$.
() O&0+2*-# T! $ 7*%#! 356$#!5 !3 RBI
## T! *5*- $/ %!- !3 RBI * -5% !3 -*$ %!%$
(3) N#+$ % R*#$/; T/ 5*$% !3 %*%6/ # D!6$%#5*-.
() S%$*; S6!5*% S!%6 *5 I5$%5$ /*7 95
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RESERVE BANK OF INDIA
I5#*' 65$%*- 9*5& # $/ R%7 B*5& !3 I5#* (RBI. R%7 B*5& !3 I5#* +!5#$!%,
3!%+-*$ *5 #+-+5$ I5#*' +!5$*% !-#6. E$*9-#/ #5 $/ *% 1, R%7
9*5& !3 I5#* "* 5*$#!5*-# #5 $/ *% 14.1O"5 3-- 9 $/ G!7%5+5$ !3 I5#*,
R%7 B*5& /* *%!5 22 %#!5*- !33#6 #5 7*%#! $*$ 6*#$*- !3 I5#* "#$/ #$
/**%$% -!6*$ #5 M+9*#. I$ /* * +*8!%#$ $*& #5 $/ S$*$ B*5& !3 I5#*. 2
I$ "* $*9-#/ #5 A%#- 1 "#$/ * /*% 6*#$*- !3 R. 6%!% !5 $/ 9*# !3 $/
%6!++5*$#!5 !3 $/ H#-$!5 Y!5 C!++##!5. T/ R%7 B*5& !3 I5#* A6$, 14
"* 6!++56 !5 A%#- 1, 1. T/ A6$, 14 (II !3 14 %!7# $/ $*$$!% 9*# !3
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+*#5 356$#!5 *
1 M L Tannan, "TANNAN'S BANKING: LAW AND PRACTICE IN INDIA" p 163 (21st En,
2!!#
2 Id.
3 Id.
6
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98 % $*$2* :+/ # 2: +% *$8 %+#$5 *+#&'+5 I3# #3 8$#''5 +%
%$#+ +/ $$5 #3 $3+ *5*+ % +/ %+$5 +% +* #32#+#8.7 ;
S#56 $/ !5$ !3 $/ %!6 6!5!+#6 %3!%+, #56-#5 $/ !5;!#5 -#9%*-#*$#!5 *5
-!9*-#*$#!5 !3 $/ 6!5!+, $/ %!- !3 $/ RBI * $/ R-*$!% !3 $/ 3#5*56#*- 6$!% /*%!"5 *5 #7%#3#. R%7 B*5& !3 I5#* # %-*$!% 3!% *-- $/ 9*5& #5 $/ 6!5$% *5
* * %-*$!%, **%$ 3%!+ 6!++%6#*- 9*5&, *-! %7# C!;!%*$#7 9*5&,
N!5 B*5 F#5*56 6!+*5#, F#5*56#*- I5$#$$#!5 $6. T/ $/ 5$#% #5$#$$#!5*-
356$#!5 !3 %!7##5 3#5*56 6!+ 5% $/ %-*$!% !7%#/$ !3 $/ RBI
STRUCTURE OF RBI
C5$%*- B!*% !3 D#%6$!%
4 Id.
5 R$s$%&$ Ban ) In*a A+t, 13-.
7
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G!7%5!% #5 *5*% 201. O5 !3 $/ 3!% D$ G!7%5!% # $%*#$#!5*-- 3%!+ RBI %*5&,
*5 # -6$ 3%!+ $/ B*5&' E)6$#7 D#%6$!%. A 3!% $/ %$, !5 # 5!+#5*$ 3%!+*+!5 $/ C/*#%%!5 !3 P9-#6 S6$!% B*5&, *5 $/ !$/% # *5 6!5!+#$ !3 %$ . I$ #
*-! !3$5 5 $/*$ *5 !33#6% !3 I5#*5 A+#5#$%*$#7 S%7#6# *!#5$ D$ G!7%5!%
!3 RBI *5 -*$% * $/ G!7%5!% !3 RBI. T/ 6* !3 Y. V5!*- R, *5 !33#6%
!3 I5#*5 A+#5#$%*$#7 S%7#69*$6/ !3 1?4 # * 5!$ )*+- 3!% $/# $%5 #5 $/ RBI.
S!%$#7 9!#
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++9%, *!#5$ 3!% 3!% *% 9 $/ 65$%*- !7%5+5$ *5 %79# $/ *7#6 !3
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+!5#$!%#5 *5 #5$%5*- 6!5$%!--#5 $+.
T/ T*%*!% 6!++#$$"* $ 9 $/ R%7 B*5& !3 I5#* 5% $/ 6/*#%+*5/# !3
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6 R$s$%&$ Ban ) In*a / In*a's C$nt%a0 Ban. R*.%.*n. R$t%*$&$ n 2!1-/!/21.
7At s, 4%an*sat*n an 5n+t*ns". RBI. R$t%*$&$ 2!1!/!/2!.
8
http://en.wikipedia.org/wiki/Raghuram_Rajanhttp://en.wikipedia.org/wiki/Harun_Rashid_Khanhttp://en.wikipedia.org/wiki/Urjit_Patelhttp://en.wikipedia.org/wiki/Urjit_Patelhttp://en.wikipedia.org/wiki/R_Gandhihttp://en.wikipedia.org/w/index.php?title=Subhash_Sheoratan_Mundra&action=edit&redlink=1http://en.wikipedia.org/wiki/Indian_Administrative_Servicehttp://en.wikipedia.org/wiki/Indian_Administrative_Servicehttp://en.wikipedia.org/wiki/Y._Venugopal_Reddyhttp://en.wikipedia.org/wiki/Indian_Administrative_Servicehttp://en.wikipedia.org/wiki/Tarapore_committeehttp://en.wikipedia.org/wiki/Capital_account_convertibilityhttp://www.rbi.org.in/http://www.rbi.org.in/scripts/AboutusDisplay.aspxhttp://www.rbi.org.in/http://en.wikipedia.org/wiki/Raghuram_Rajanhttp://en.wikipedia.org/wiki/Harun_Rashid_Khanhttp://en.wikipedia.org/wiki/Urjit_Patelhttp://en.wikipedia.org/wiki/R_Gandhihttp://en.wikipedia.org/w/index.php?title=Subhash_Sheoratan_Mundra&action=edit&redlink=1http://en.wikipedia.org/wiki/Indian_Administrative_Servicehttp://en.wikipedia.org/wiki/Y._Venugopal_Reddyhttp://en.wikipedia.org/wiki/Indian_Administrative_Servicehttp://www.rbi.org.in/scripts/AboutusDisplay.aspxhttp://en.wikipedia.org/wiki/Tarapore_committeehttp://en.wikipedia.org/wiki/Capital_account_convertibility7/21/2019 Rbi Lender of Last Resort
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FUNCTIONS OF RBI ( THE INDIA'S CENTRAL BANK LIST
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8 "R$s$%&$ Ban ) In*a". R*.%.*n. R$t%*$&$ 2!11/!/16
9
http://en.wikipedia.org/wiki/Capital_account_convertibilityhttp://en.wikipedia.org/wiki/Customer_service_departmenthttp://en.wikipedia.org/wiki/Customer_service_departmenthttp://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Bangalorehttp://en.wikipedia.org/wiki/Bangalorehttp://en.wikipedia.org/wiki/Bhopalhttp://en.wikipedia.org/wiki/Bhopalhttp://en.wikipedia.org/wiki/Bhubaneswarhttp://en.wikipedia.org/wiki/Chandigarhhttp://en.wikipedia.org/wiki/Chandigarhhttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Delhihttp://en.wikipedia.org/wiki/Delhihttp://en.wikipedia.org/wiki/Delhihttp://en.wikipedia.org/wiki/Guwahatihttp://en.wikipedia.org/wiki/Hyderabad,_Indiahttp://en.wikipedia.org/wiki/Hyderabad,_Indiahttp://en.wikipedia.org/wiki/Jaipurhttp://en.wikipedia.org/wiki/Jammuhttp://en.wikipedia.org/wiki/Jammuhttp://en.wikipedia.org/wiki/Kanpurhttp://en.wikipedia.org/wiki/Kolkatahttp://en.wikipedia.org/wiki/Lucknowhttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Nagpurhttp://en.wikipedia.org/wiki/Patnahttp://en.wikipedia.org/wiki/RBI_Thiruvananthapuramhttp://en.wikipedia.org/wiki/Samanahttp://en.wikipedia.org/wiki/Samanahttp://en.wikipedia.org/wiki/Dehradunhttp://en.wikipedia.org/wiki/Dehradunhttp://en.wikipedia.org/wiki/Gangtokhttp://en.wikipedia.org/wiki/Kochihttp://en.wikipedia.org/wiki/Panajihttp://en.wikipedia.org/wiki/Panajihttp://en.wikipedia.org/wiki/Raipurhttp://en.wikipedia.org/wiki/Raipurhttp://en.wikipedia.org/wiki/Ranchihttp://en.wikipedia.org/wiki/Shillonghttp://en.wikipedia.org/wiki/Shimlahttp://en.wikipedia.org/wiki/Srinagarhttp://en.wikipedia.org/wiki/Agartalahttp://en.wikipedia.org/wiki/Agartalahttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Zonal_Training_Centrehttp://en.wikipedia.org/wiki/Zonal_Training_Centrehttp://en.wikipedia.org/wiki/Zonal_Training_Centrehttp://en.wikipedia.org/wiki/Zonal_Training_Centrehttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Kolkatahttp://www.rbi.org.in/commonman/English/scripts/organisation.aspxhttp://en.wikipedia.org/wiki/Capital_account_convertibilityhttp://en.wikipedia.org/wiki/Customer_service_departmenthttp://en.wikipedia.org/wiki/Customer_service_departmenthttp://www.rbi.org.in/commonman/English/scripts/organisation.aspxhttp://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Bangalorehttp://en.wikipedia.org/wiki/Bhopalhttp://en.wikipedia.org/wiki/Bhubaneswarhttp://en.wikipedia.org/wiki/Chandigarhhttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Delhihttp://en.wikipedia.org/wiki/Guwahatihttp://en.wikipedia.org/wiki/Hyderabad,_Indiahttp://en.wikipedia.org/wiki/Hyderabad,_Indiahttp://en.wikipedia.org/wiki/Jaipurhttp://en.wikipedia.org/wiki/Jammuhttp://en.wikipedia.org/wiki/Kanpurhttp://en.wikipedia.org/wiki/Kolkatahttp://en.wikipedia.org/wiki/Lucknowhttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Nagpurhttp://en.wikipedia.org/wiki/Patnahttp://en.wikipedia.org/wiki/RBI_Thiruvananthapuramhttp://en.wikipedia.org/wiki/Samanahttp://en.wikipedia.org/wiki/Dehradunhttp://en.wikipedia.org/wiki/Gangtokhttp://en.wikipedia.org/wiki/Kochihttp://en.wikipedia.org/wiki/Panajihttp://en.wikipedia.org/wiki/Raipurhttp://en.wikipedia.org/wiki/Ranchihttp://en.wikipedia.org/wiki/Shillonghttp://en.wikipedia.org/wiki/Shimlahttp://en.wikipedia.org/wiki/Srinagarhttp://en.wikipedia.org/wiki/Agartalahttp://en.wikipedia.org/wiki/Punehttp://en.wikipedia.org/wiki/Zonal_Training_Centrehttp://en.wikipedia.org/wiki/Zonal_Training_Centrehttp://en.wikipedia.org/wiki/Zonal_Training_Centrehttp://en.wikipedia.org/wiki/Chennaihttp://en.wikipedia.org/wiki/Kolkata7/21/2019 Rbi Lender of Last Resort
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##5 6%%56 5!$ )6$ !5 % 5!$ *5 6!#5 !3 +*--% 5!+#5*$#!5.
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#6 #5 $*#- -*$%.
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*5 *5$ !3 $/ 65$%*- *5 $*$ !7%5+5$. I$ %3!%+ 7*%#! 9*5 356$#!5
6/ * $! *66$ !#$, $*) *5 +*& *+5$ !5 9/*-3 !3 $/ !7%5+5$. I$
9 Gaurav Akrani, Functions of Reserve ank of India RI ! RI "redit #o$ic% &a$%an!cit%.'$o(s)ot.co* +214-, tt)/00ka$%an!cit%.'$o(s)ot.co*021090functions!of!reserve!
'ank!of!india!r'i.t*$ +$ast visited ct 8, 214-.
1
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+*5* !7%5+5$ 9-#6 9$ *5 +*#5$*#5 3!%#5 )6/*5 %%7 !5 9/*-3
!3 $/ !7%5+5$. I$ %!7# !7%%*3$ 3*6#-#$ $! $/ !7%5+5$ "/5 #$ 3*6
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6!5$% -#& I5#* /*7 $! %3!%+ 5+%! 356$#!5. T/ 356$#!5 *% 6!5$% 6#3#6
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14
http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/term-5890http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/credit-5244http://www.investinganswers.com/financial-dictionary/investing/liquidity-5295http://www.investinganswers.com/financial-dictionary/investing/liquidity-5295http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/lender-5069http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/credit-5244http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/loan-sharking-1745http://www.investinganswers.com/financial-dictionary/economics/federal-reserve-bank-1789http://www.investinganswers.com/financial-dictionary/economics/federal-reserve-bank-1789http://www.investinganswers.com/financial-dictionary/economics/federal-reserve-bank-1789http://www.investinganswers.com/financial-dictionary/laws-regulations/guarantee-993http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/loan-5825http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/loan-5825http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/loan-5825http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/term-5890http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/credit-5244http://www.investinganswers.com/financial-dictionary/investing/liquidity-5295http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/lender-5069http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/credit-5244http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/loan-sharking-1745http://www.investinganswers.com/financial-dictionary/economics/federal-reserve-bank-1789http://www.investinganswers.com/financial-dictionary/economics/federal-reserve-bank-1789http://www.investinganswers.com/financial-dictionary/laws-regulations/guarantee-993http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/loan-5825http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/loan-58257/21/2019 Rbi Lender of Last Resort
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http://www.investinganswers.com/financial-dictionary/investing/liquidity-5295http://www.investinganswers.com/financial-dictionary/investing/liquidity-5295http://www.investinganswers.com/financial-dictionary/personal-finance/deposit-5251http://www.investinganswers.com/financial-dictionary/businesses-corporations/cash-5011http://www.investinganswers.com/financial-dictionary/businesses-corporations/cash-5011http://www.investinganswers.com/financial-dictionary/businesses-corporations/bank-run-5211http://www.investinganswers.com/financial-dictionary/businesses-corporations/bank-run-5211http://www.investinganswers.com/financial-dictionary/investing/investment-4904http://www.investinganswers.com/financial-dictionary/investing/investment-4904http://www.investinganswers.com/financial-dictionary/estate-planning/will-4974http://www.investinganswers.com/financial-dictionary/economics/international-monetary-fund-imf-984http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/loan-5825http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/loan-5825http://www.investinganswers.com/financial-dictionary/economics/international-monetary-fund-imf-984http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/credit-5244http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/credit-5244http://www.investinganswers.com/financial-dictionary/investing/liquidity-5295http://www.investinganswers.com/financial-dictionary/personal-finance/deposit-5251http://www.investinganswers.com/financial-dictionary/businesses-corporations/cash-5011http://www.investinganswers.com/financial-dictionary/businesses-corporations/bank-run-5211http://www.investinganswers.com/financial-dictionary/investing/investment-4904http://www.investinganswers.com/financial-dictionary/estate-planning/will-4974http://www.investinganswers.com/financial-dictionary/economics/international-monetary-fund-imf-984http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/loan-5825http://www.investinganswers.com/financial-dictionary/economics/international-monetary-fund-imf-984http://www.investinganswers.com/financial-dictionary/debt-bankruptcy/credit-52447/21/2019 Rbi Lender of Last Resort
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14 Id.
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CONCLUSION
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18
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REFERENCE
B!!&
1. M55# S.R.,L*" !3 B*5,2014(25E.,A#* A-" H!
2. Tannan, ML,T*55*5 B*5 L*" *5 P%*6$#6 #5 I5#*, 2%E#$#!5 2010, L)#
N)# B$$%"!%$/ W*/"*, N*%.
. Varshney P.N., B*5 L*" *5 P%*6$#6, 1$/ #$#!5, 2010, *#5 B!!& A56,
D-/#.
4. Gupta S.N., B*5 L*" #5 T/!% *5 P%*6$#6, $/
E#$#!5, 2010, U5#7%*- L*"P9-#/#5 C!. P7$. L$.
. K.C. Shekhar & Lekshmy Shekhar, B*5T/!% *5 P%*6$#6, 20$/#$#!5, 2011,
*#5 B!!& A56, D-/#.
A%$#6-
G*%*7 A&%*5#, F56$#!5 !3 R%7 B*5& !3 I5#* RBI ; RBI C%#$ P!-#6 K*-*5;
6#$.9-!!$.6!+ (2014, /$$&*-*5;6#$.9-!!$.6!+20100356$#!5;!3;%%7;
9*5&;!3;#5#*;%9#./$+- (-*$ 7##$ O6$ , 2014.
G5%*- K5!"- T!*, F56$#!5 !3 RBI (2011,
/$$""".&$!*.#5356$#!5;!3;%9# (-*$ 7##$ O6$ , 2014.
S. L. N. S#+/*. H#$!% !3 $/ R%7 B*5& !3 I5#*, V!-+ 1 1>11. RBI.
1J0. ISBN 1;J?;24J;=.(200 %%#5$ PDF
G. B*-*6/*5%*5. T/ R%7 B*5& !3 I5#*, 11>1?J. O)3!% U5#7%#$ P%.
1. ISBN 0;1;?44?;. (PDF
I57$#5*5"%.6!+, L5% !3 L*$ R!%$ D3#5#$#!5 E)*+- Q I57$#5
A5"% (2014, /$$""".#57$#5*5"%.6!+3#5*56#*-;
#6$#!5*%6!5!+#6-5%;-*$;%!%$;2 (-*$ 7##$ O6$ , 2014.
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M*5*$%*.6!+
19
http://en.wikipedia.org/wiki/Special:BookSources/817596247Xhttp://en.wikipedia.org/wiki/Special:BookSources/817596247Xhttp://rbidocs.rbi.org.in/rdocs/content/PDFs/89630.pdfhttp://en.wikipedia.org/wiki/Oxford_University_Presshttp://en.wikipedia.org/wiki/Special:BookSources/0195644689http://rbidocs.rbi.org.in/rdocs/content/PDFs/90010.pdfhttp://en.wikipedia.org/wiki/Special:BookSources/817596247Xhttp://rbidocs.rbi.org.in/rdocs/content/PDFs/89630.pdfhttp://en.wikipedia.org/wiki/Oxford_University_Presshttp://en.wikipedia.org/wiki/Special:BookSources/0195644689http://rbidocs.rbi.org.in/rdocs/content/PDFs/90010.pdf7/21/2019 Rbi Lender of Last Resort
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