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How does rbi supervises the working …

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How does rbi supervises the working of bank

Posted by Satyam Goswami 7 years ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 7 years ago

The RBI supervises the functioning of banks in this manner -
1) It sees whether the banks are maintaining a minimum cash balance of the deposits.

2) It makes sure that people from all backgrounds receive loans and not only the rich, powerful businessman and traders.

3) The above point is made sure by periodical statements given by the banks to the RBI that contains information about to whom the bank has given loan, at which interest the loan was given,etc.

1Thank You

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CBSE > Class 10 > Social Science