English, asked by vibhasingh8827, 8 months ago

how does RBI control the functioning of other than and why it is important

Answers

Answered by llɱissMaɠiciaŋll

Explanation:

RBI controls the commercial banks viavarious instruments like Statutory Liquidity Ratio (SLR), Cash Reserve Ratio (CRR), Bank Rate, Prime Lending (PLR), Repo Rate, Reverse Repo Rate and fixing the interest rates and deciding the nature of lending to various sectors.

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