Section 3
Ins. by Act 47 of 1991, s. 5 (w.e.f. 20-9-1991).
3. Ins. by Act 47 of 1991, s. 5 (w.e.f. 20-9-1991).
(a) issue and sell bonds and debentures with or without the guarantee of the Central Government , in such manner and on such terms as may be prescribed;
(b) borrow money from 1 [the Central Government, scheduled banks, financial institutions, mutual funds] and from any other authority or organisation or institution approved by that Government on such terms and conditions as may be agreed upon;
(c) accept deposits repayable after the expiry of 2 [such period and] on such terms as may generally or specially be approved by the Reserve Bank:
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