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Functions of RBI?

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Functions of RBI?

Posted by Lucifer?? Morningstar?? 5 years, 6 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years, 6 months ago

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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