Ways and means advances
id:
ways-and-means-advances-322-15976242
title:
Ways and means advances
text:
Ways and means advances (WMA) is a mechanism used by Reserve Bank of India (RBI) under its credit policy to provide to States, banking with it, to help them 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 than three months from the date of making that advance'. There are two types of WMA – normal and special. While Normal WMA are clean advances, Special WMA are secured
brand slug:
wiki
category slug:
encyclopedia
description:
Reserve Bank of India credit facility
original url:
https://en.wikipedia.org/wiki/Ways_and_means_advances
date created:
date modified:
2022-05-02T10:05:48Z
main entity:
{"identifier":"Q7976853","url":"https://www.wikidata.org/entity/Q7976853"}
image:
fields total:
13
integrity:
14