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Bare acts > Deposit Insurance and Credit Guarantee Corporation Act, 1961 > Section 26
 
 
  

26. Advances By Reserve Bank.- (1) The Reserve Bank shall, from time to time, advance to the Corporation on a request by it such sum or sums as may be required by the Corporation for the purposes of the Deposit Insurance Fund or the Credit Guarantee Fund.

Provided that the total amount outstanding at any one time on account of such advances shall not exceed five crores of rupees.

(2) The terms and conditions of any advance under this section shall be such as may be determined by the Reserve Bank with the approval of the Central Government.

 
 

 

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