how does the reserve bank of India supervise the functioning of banks? why is this necessary
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Heya Frnd. ........☺
♣ The Reserve bank of India controls the working of banks by introducing CRR (CASH RESERVE RATIO).
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♣ Cash Reserve Ratio is the ratio of money that the bank is not allowed to lend to the borrowers.
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♣ This helps the banks to maintain a balance between the saving and borrowing.
_______________
_______________
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♣ The Reserve bank of India controls the working of banks by introducing CRR (CASH RESERVE RATIO).
______________
♣ Cash Reserve Ratio is the ratio of money that the bank is not allowed to lend to the borrowers.
_______________
♣ This helps the banks to maintain a balance between the saving and borrowing.
_______________
_______________
HOPE IT WILL HELP YOU! ! !
PLEASE MARK MY ANSWER AS BRAINLIEST IF U LIKE IT! ! ! !
☺☺☺☺☺☺☺☺☺☺
#HridayAg0102
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1
RBI (Reserve Bank of India) issues currency notes. On the Indian currency note, you can find a statement which promises to pay the bearer the amount which is mentioned on the currency note.
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