In what ways does the reserve …

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In what ways does the reserve Bank of India supervise the functions of Bank ?? Please answer ???

Posted by Anshika / U Can Call Me Alien ????? 6 years, 10 months ago

CBSE > Class 10 > Social Science

2 answers

Simmi _2233 6 years, 10 months ago

The RBI aupervises the functioning of formal sources of loans in India. For instance, banks maintain a minimum cash balance out of the deposits the receive. Functions of RBI are:- The RBI monitors that the banks actually maintain this cash balance. Similarly, the RBI ensures that the banks give loans not just to profit-making businesses and traders , but Also to small cultivators, small scale industries, small borrowers etc. Periodically, banks have to submit information to the RBI on how much they are lending, to whom , at what interest rate etc.

3Thank You

Honey ??? 6 years, 10 months ago

Rbi checks the banks that they are giving loans not only to businessman and traders but also to small peasants and farmers they also make a criterion to give loans and maintaining cash balance

1Thank You

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