Write few functions of RBI
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Posted by Bhawika Chetwani 6 years, 11 months ago
- 3 answers
Sonali Aggarwal 6 years, 11 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.
Harsh Naik 6 years, 11 months ago
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Ammu Ammu 6 years, 11 months ago
2Thank You