Ways and means advances definition

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Ways and means advances

Ways and means advances logo #21000 Ways and means advances (WMA) is a mechanism used by Reserve Bank of India (RBI) under its credit policy by which provides to the States banking with it to help them to tide over temporary mismatches in the cash flow of their receipts and payments. This is guided under Section 17(5) of RBI Act, 1934, and are `..repayable in each case not later th....
Found on http://en.wikipedia.org/wiki/Ways_and_means_advances
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