Economy, asked by HridhaanGoel, 16 days ago

How does Reserve Bank of India supervise the functioning of the formal sources of loan?

Answers

Answered by renusankar

1

Answer:

The Reserve Bank of India (RBI) supervises the functioning of formal sources of credit in India. ... The RBI monitors the banks if they are actually maintaining required cash balance. RBI also sees to it that the banks in India provide loans to not only rich sections of society but also to poor people.

Answered by Gopalsethi202

1

Answer:

The Reserve Bank of India (RBI) supervises the functioning of formal sources of credit in India. ... The RBI monitors the banks if they are actually maintaining required cash balance. RBI also sees to it that the banks in India provide loans to not only rich sections of society but also to poor people.

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