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[Cites 0, Cited by 0] [Section 17] [Entire Act]

Union of India - Subsection

Section 17(14) in The Reserve Bank of India Act, 1934

(14)the borrowing of money for a period not exceeding one month for the purposes of the business of the Bank, and the giving of security for money so borrowed:Provided that no money shall be borrowed under this clause from any person in India other than a scheduled bank or from any person outside India 1 other than a bank which is the principal currency authority of any country under the law for the time being in force in that country:Provided further that the total amount of such borrowings from persons in India shall not at any time exceed the amount of the capital of the Bank;***