How does the RBI supervise the …

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How does the RBI supervise the functioning of bank?Why is this necessary

Posted by Rohit Kl Rahul 5 years, 11 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years, 11 months 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.

This is necessary so as to maintain equality of who receives the loans. Our aim is that all industries should grow. Even the small scale industries should be given the advantages of loans . As a result, the country's economy will also grow.

1Thank You

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CBSE > Class 10 > Social Science