which government body supervises the functioning of formal sources of credit in India?explain its functioning.
Answers
Answered by
16
The Reserve Bank of India (RBI) supervises the functioning of formal sources of credit in India. Two functions of RBI are as listed below:
The RBI monitors the banks if they are actually maintaining required cash balance.
RBI also sees to it that the banks in India provide loans to not only rich sections of society but also to poor people.
hope it helps you dude
Answered by
5
Answer:The RBI of india supervises the functioning of formal sources of loans
2.Banks maintain a minimum cash balance out of the deposits the recieve
3.The RBI monitors the bank in actually maintaining cash balance
4.the RBI sees that the banks give loans not just to profit but also for buisnesses and traders but also to small cultivators, small scale borrower etc.
Explanation:
Similar questions