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In what ways does the Reserve …

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In what ways does the Reserve Bank of India supervise The functioning of banks why is this necessary 5 marks question

Posted by Om Biscuitwala 6 years, 5 months ago

CBSE > Class 10 > Social Science

1 answers

Abhinav ? 6 years, 5 months ago

◆It monitors the balance kept by banks for day to day transactions. ◆ It checks that the banks give loans not just to profit making businesses and traders, but also to small borrowers. ◆Banks have to give details about lenders, borrowers and interest rate to RBI. RBI makes sure that the loans from the banks are affordable and cheap.

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CBSE > Class 10 > Social Science