how does RBI supervises banks
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Answered by
2
to send the amount correctly to the people who requires more money like 500000/_
vamshi71:
yes wait a minute
to transfer the money correctly from one bank to another bank
yeah sure
no orn notes should be issued to people
torn
is this answer good for class 10 th economics?
yes
no injustice of money to the people..
ohk thx a lot...
okk
Answered by
16
Answer:
The Reserve Bank of India supervises the functioning of formal sources of loans. Banks maintain a minimum cash balance out of the deposits they receive. The RBI monitors the banks in actually maintaining cash balance. The RBI sees that banks give loans not just to profit- making businessmen 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.
Explanation:
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