Explain why the supervision of functioning of formal sources of lloans is necessary 0
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it is necessary to supervise the functioning of formal source of loans.
it is necessary for public welfare it avoid the bank to run the business with profit motive only .
it also keep a check on interest rate of credit facilities provided by bank .
RBI make sure that the banks are affordable and cheap.
it is necessary for public welfare it avoid the bank to run the business with profit motive only .
it also keep a check on interest rate of credit facilities provided by bank .
RBI make sure that the banks are affordable and cheap.
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