Who is the 39 lender of the last resort 39 in the banking structure of India ........

Economics- Phase (I & II) Monetary and Fiscal Policy

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Who is the 'lender of the last resort' in the banking structure of India?

State bank of India

Reserve bank of India

EXIM bank of India

Union bank of India

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Explanation:

Reserve bank of India is the 'lender of the last resort' in the banking structure of India. A lender of last resort is an institution, usually a country's central bank, that offers loans to banks or other eligible institutions that are experiencing financial difficulty or are considered highly risky or near collapse.