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What is the prime function of RBI?

Posted by Lucifer??Morningstar?? . 6 years, 1 month ago

CBSE > Class 10 > Social Science

3 answers

Grahul 📒🎒📓📔🙇🙇🙇 Rahul 6 years, 1 month ago

RBI supervises the functioning of formal loans. Periodically the banks have to submit their information on what their lending to whom at what interest rate etc...

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Yogita Ingle 6 years, 1 month ago

Functions of RBI: *RBI issues currency notes on behalf of the central govt.

RBI supervises the functioning of formal source of loans.
RBI monitors the banks in actually maintaining cash balance.
It also sees that banks give loans not just for profit making and traders but also to small borrowers, small cultivators etc..
Periodically banks have to submit information to RBI on how much they are lending, to whom, at what interest rate, etc

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Tekan Dewangan 6 years, 1 month ago

To supervise the functioning of banks

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