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        F. Acts / Amendment Acts

        Section 135 - Amendment of section 17 of Act 2 of 1934.

        Finance Act, 2018
        Part II
        AMENDMENT TO THE RESERVE BANK OF INDIA ACT, 1934

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        Standing Deposit Facility permits acceptance of interest-bearing deposits from banks and others for liquidity management. The amendment authorizes the Reserve Bank to accept money as deposits repayable with interest under a Standing Deposit Facility scheme, from banks or any other person, as approved by the Central Board, for the purposes of liquidity management.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Standing Deposit Facility permits acceptance of interest-bearing deposits from banks and others for liquidity management.

                                The amendment authorizes the Reserve Bank to accept money as deposits repayable with interest under a Standing Deposit Facility scheme, from banks or any other person, as approved by the Central Board, for the purposes of liquidity management.


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