Question

What are functions of RBI ?

Answer 1

the main functions of RBI are :
*transaction
*preamble
* issue of bank notes
*banker to government:As banker to the government the Reserve Bank manages the banking needs of the government
*Custodian of Cash Reserves of Commercial Banks
* Custodian of Country’s Foreign CURRENCY Reserves
*Controller of Credit

Answer 2

Hello friend...

Here is your answer...

The functions of RBI are:

1. RBI supervises the functioning of formal sources of loans.

2. It monitors the bank in actually maintaining cash balance.

3. It sees that the banks give loans not just to profit-making businesses and traders but also to small cultivators, small scale industries, to small borrowers, etc

4. It takes the information from other banks on how much they are lending, to whom, at what interest rate, etc.

5. It also issues currency notes on behalf of central government.

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