Question

what are the functions of RBI

Answer 1

These are the functions of RBI

Answer 2

Functions of RBI


➡️It monitors that the banks actually maintain the cash balance. ✔️

➡️RBI 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✔️

➡️issues currency✔️

➡️Banker and Debt Manager to Government✔️

➡️Periodically, banks have to submit information to the RBI on how much they are lending, to whom, at what interest rate, etc.✔️

➡️rbi also checks at what rate the banks are lending✔️

➡️supervises the credit activities of lenders in the formal sector. ✔️