Economy, asked by ajeeth554, 1 year ago

Which institution supervises the functioning of formal source of loan. How does it play a crucial role in controlling the formal sector of loans?

Answers

Answered by siddupuranik30

Reserve Bank of India supervisises the functioning of formal resources. It periodically collects all the details of the loans given, interest charged on loans and the balance kept in banks inorder to maintain a social welfare

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