Explain central bank function of lender …
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Posted by Sayam Aggarwal 6 years, 11 months ago
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Gaurav Seth 6 years, 11 months ago
It means that if a commercial bank fails to get financial accommodation from anywhere, it approaches the Central Bank as a last resort. Central Bank advances loan to such banks against approved securities. By offering loan to the commercial bank in situations of emergency, the Central Bank ensures that:
(i) The banking system of the country does not suffer from any set back.
(ii) Money market remains stable.
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