Social Sciences, asked by sonuvarshini, 10 months ago

3) The Reserve Bank of
India supervises the
functions of formal
sources of credit
Analyse the
statement

Answers

Answered by amitp1234

1

The Reserve Bank of India supervises the functioning of formal sources of loans. ...  Periodically banks have to submit information to the RBI on how much they are lending to whom at what interest rates. •  RBI can pull up any banks if it is flouting the norms and regulations related to lending of loans.

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