Trace the important of rbi on formal sector credit
Answers
Answered by
7
Answer:
hope it will help you
pls mark it as brainlist
Attachments:
Answered by
4
RBI( Reserve bank of India)
Explanation:
- RBI is India's central bank. It control the supply of money and regulates the banking sector in India.
- RBI has the supervisory authority in the functioning of formal sources of loan/credit in India.
It supervises the functioning of banks in the following ways.
- Commercial bank have to maintain a minimum cash out of the total deposit they receive and deposit a part of their cash reserves with RBI.
- RBI oversees if the bank is only giving loans to profit making traders and businesses but also to small borrowers. They also have to submit the lending information details with the RBI to ensure that they distribute loans to all kinds of customers.
Learn More:
What is the meaning of repo rate and reverse repo rate?
https://brainly.in/question/6742421
Similar questions