in what ways does the reserve bank of india supervise the functioning of banks? why is this necessary.
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reserve bank of india checks whether the rate of interest laid by the banks are affordable for the people or not
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(1)The reserve bank of India looks into the functioning of thre sanctioning process of the banks or the formal sector
(2)This is done in order to make sure that banks not only provide loans to huge business men , rich peasants and landowners , but also to small peasants and normal people who wish to start their own business to make a living.
(3) The reserve bank also ensures that banks provide low rates of interest so that the poor people who borrow loans , do not find themselves in a situation of debt.
(2)This is done in order to make sure that banks not only provide loans to huge business men , rich peasants and landowners , but also to small peasants and normal people who wish to start their own business to make a living.
(3) The reserve bank also ensures that banks provide low rates of interest so that the poor people who borrow loans , do not find themselves in a situation of debt.
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