discuss the financial performane of the rbi?how far its success as a central bank of india
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●The formal resources work under the supervision of the Reserve Bank of India or the RBI. All the commercial banks maintain a minimum cash balance out of the deposits they receive. The RBI monitors that the banks actually maintain the cash balance.
● The RBI monitors that the banks give the loans not just to profit- making business and traders, but also to small cultivators , small - scale industries to small borrowers.
● The rate of interest of the formal lenders is decided by the RBI. So normally , the interest rates are very low.
◆RBI is successful as a central bank of india because as being a central bank of india the rbi monitors that the bank actually maintain the cash balance .
Periodically, banks have to submit information to the RBI on how much they are lending to whom, at what interest rate.
So , RBI works as a centre for all the bank.
❤please mark it as brainliest❤
here is your answer....
●The formal resources work under the supervision of the Reserve Bank of India or the RBI. All the commercial banks maintain a minimum cash balance out of the deposits they receive. The RBI monitors that the banks actually maintain the cash balance.
● The RBI monitors that the banks give the loans not just to profit- making business and traders, but also to small cultivators , small - scale industries to small borrowers.
● The rate of interest of the formal lenders is decided by the RBI. So normally , the interest rates are very low.
◆RBI is successful as a central bank of india because as being a central bank of india the rbi monitors that the bank actually maintain the cash balance .
Periodically, banks have to submit information to the RBI on how much they are lending to whom, at what interest rate.
So , RBI works as a centre for all the bank.
❤please mark it as brainliest❤
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