How does rbi control the functioning of other bank ? Why it is important
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hope this helps u
If ur book is of ncert cbse then see pg 48 of economic
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Answered by
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hope this helps u
Step-by-step explanation:
The RBI monitors that the banks actually maintain the cash balance.
the RBI sees that the banks give loans not just to profit-making businesses and traders but also to small cultivators, small scale industries, to small borrowers etc.
Periodically, banks have to submit information to the RBI on how much they are lending, to whom, at what interest rate, etc.
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