Economy, asked by Johnsyboi123, 6 months ago

“RBI plays a crucial role in controlling formal sector loan”. Explain

Answers

Answered by Anonymous
9

The Reserve Bank of India (Reserve Bank of India) supervises the functioning of formal sources of credit/loan 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.

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Answered by akku2004
2

Answer:

1.it fixes the rate of interest for every bank.

2.all the banks has to report to the rbi

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