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What are functions of RBI ?

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What are functions of RBI ?

Posted by Khushpreet Kaur 5 years, 6 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years, 6 months 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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