Question

What is the role of RBI in our economy.

Answer 1

In India RBI acts as a regulator and supervisor of all the commercial banks

Answer 2

answer

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Following are the roles of R.B.I ↴

• The Reserve Bank of India supervises the functioning of all Formal sources of loan.

• RBI monitors the banks in actually maintaining the minimum cash Balance that is 15% of total deposits.

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

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