Social Sciences, asked by Shouryagiri, 1 year ago

In what ways the RBI supervise the functioning of banks ? why it is necessary ?

Answers

Answered by deepikadeepu0525
4
RBI makes sure that minimum cash balance is maintained in the banks.
It ensures that loans aren't Nly given to rich businessman nd traders but also to small scale industries and farmers etc.
Banks periodically have to submit on , whom they are giving loan , at what interest. Etc.
It makes sure that poor people from debt trap.
Answered by nitthesh7
3
RBI supervise the functioning of banks in the following ways:

i) The RBI ensures that bank gives loans to the needy and not just for profit making.

ii) RBI collect the documents regarding how much they lend, to whom, at what interest, etc...

iii) The RBI monitors the banks in actually maintaining cash balance.
 
RBI collect such information in order to check whether
 
i) Equal loans should be to all beyond their status.

ii) Development of small scale industries are supported by banks with lending of loans.

iii) Number of them / who had profited.

:) Hope this helps!!!
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