Question

What are the function of RBI

Answer 1

Functions of RBI include:
i) It supervises the functioning of formal sources of loan.
ii) It monitors the banks in actually maintaining cash balance.
iii) Sees that banks give loans not just to profit-making businesses but also to small cultivators, small scale industries, to small borrowers, etc.
iv) Banks have to submit information to RBI on how much they are lending to whom, at what interest rate, etc.

Answer 2

functions of RBI ;

1. Monopoly of note issue

issue currency notes of all denominations

2. Banker to the government

assepts deposit of Central and state government.

collects and makes payments of behalf of government.

issues Government Bonds treasury bills.

financial adviser to government.

provides loans to government.

3. bankers bank

bank for all banks in India.

guides bank in monetary management.

4.national clearing house

clearing house for settlement of transactions across banks.

5.controller of credit.

regulate credit limit issued by banks.

6. promotion of Banking habits.

promote saving habits.

provides financial literacy programs.

helps banks to set up branches in unbanked areas.

hope you have understood....