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[Cites 0, Cited by 1] [Section 45L] [Entire Act]

Union of India - Subsection

Section 45L(3) in The Reserve Bank of India Act, 1934

(3)In issuing directions to any financial institution under clause (b) of sub-section (1). the Bank shall have due regard to the conditions in which, and the objects for which, the institu­tion has been established, its statutory responsibilities, if any, and the effect the business of such financial institution is likely to have on trends in the money and capital markets.