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Write few functions of RBI

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Write few functions of RBI

    • Posted by Bhawika Chetwani 7 years, 3 months ago

    CBSE > Class 10 > Social Science
    • 3 answers

    Ammu Ammu 7 years, 3 months ago

    RBI is allowed to issue currency. The Reserve Bank of India issue currency notes on behalf of the central government.

    2Thank You

    Sonali Aggarwal 7 years, 3 months ago

    Reserve Bank of India is the central bank of India. It keeps a check on the working of the other banks across the country.

    It supervises the functioning of formal sources of loans.

    The RBI monitors the banks in actually maintaining the minimum cash balance.

    RBI sees that the banks give loans not just to profit making businesses and traders but also to small cultivators,small scale industries,to small borroweres etc.Periodically banks have to submit information to RBI on how much they are lending to whom ,at what rate of interest.

    2Thank You

    Harsh Naik 7 years, 3 months ago

    Issue of Bank Notes: ... Banker to Government: ... Custodian of Cash Reserves of Commercial Banks: ... Custodian of Country's Foreign Currency Reserves: ... Lender of Last Resort: ... Central Clearance and Accounts Settlement: ... Controller of Credit:

    2Thank You

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