which gov body suprivise the functioning of formal sources of loans in India
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the RBI superviiise the functioning of formal sources of loan in india
LICHU11:
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Reserve Bank of India supervises the formal sources of loans in India it works or acts as the umpire of all the banks.
Its sees whether the banks are giving loans to poor people and not only to rich people.
It also says that the poor are given loans at low rate of interest.
Who sees that the 15% of the total investment in the bank is only used by the bank and the rest is not used.
Hope it helps
Its sees whether the banks are giving loans to poor people and not only to rich people.
It also says that the poor are given loans at low rate of interest.
Who sees that the 15% of the total investment in the bank is only used by the bank and the rest is not used.
Hope it helps
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