In what ways does the reserve bank of India supervise the functioning of banks???
Answers
Answered by
13
The RBI supervises the functioning of banks in this manner - 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.
3) The above point is made sure by periodical statements given by the banks to the RBI that contains information about to whom the bank has given loan, at which interest the loan was given,etc.
2) It makes sure that people from all backgrounds receive loans and not only the rich, powerful businessman and traders.
3) The above point is made sure by periodical statements given by the banks to the RBI that contains information about to whom the bank has given loan, at which interest the loan was given,etc.
mamtamonu1696:
Thx…
Answered by
4
Hope it helps you dear ☺️☺️
Attachments:
Similar questions