How does the Reserve Bank of India supervise the
functioning of banks? Why is this necessary?
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Answer: The Reserve Bank of India supervises the functioning of formal sources of loans. ... 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.
1) It sees whether the banks are maintaining a minimum cash balance of the deposits. 2) It makes sure that people from all backgrounds receive loans and not only the rich, powerful businessman and traders
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