What are the two sources of credit? How does RBI control banks?
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4
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the r.b.I controls and checks the method of payment,period of credit,interest rate etc. the informal method of credit is when the credit od borrowed by friends,rellatives or money lenders.
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7
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Sources of credit
Licensed banks. Banks offer a variety of consumer credit services, including credit cards, mortgages and personal loans.
Deposit-taking companies. Deposit-taking Companies (DTC) operate as subsidiaries of banks or associated companies. ...
Money lenders. ...
Regulation.
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