how RBI manages the formal sector credit in India?
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The Reserve Bank of India (RBI) supervises all formal sources of credit or loan approvals or disbursements in India. ... (ii) Reserve Bank of India sees that the banks give loans not just to profit making business and traders but also to small cultivators, small-scale industries to small borrowers, etc.01-May-2020
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1) The Reserve Bank of India supervises the functioning of formal sources of loans. 2) The RBI monitors the banks in actually maintaining minimum cash balance out of the deposits they receive. ... 4) Periodically, banks have to submit information to the RBI on how much they are lending, to whom, at what interest rate, etc.
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