Question

what is the function of reserve Bank of India

Answer in long please it's a request ​

Answer 1

Answer:

In the Indian context, the basic functions of the Reserve Bank of India as enunciated in the Preamble to the RBI Act, 1934 are: “to regulate the issue of Bank notes and the keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to

Answer 2

Answer:

The Reserve Bank of India supervises the functioning of formal sources of loans. The banks maintain minimum cash balance out of the deposits they receive, known as cash reserve ratio. The RBI makes sure that the banks give loans not just to profit making business or traders but also small cultivators and other small borrowers. Banks have to submit information to the RBI on how much and to whom they are lending and at what rate of interest.

Explanation: