Question

Who supervises the functioning of formal sources of loan?

Answer 1

Answer:

Reserve Bank Of India

Reserve Bank Of India (RBI) supervises the functioning of formal sources of loans in India. RBI monitors the functioning of formal sources of credit. RBI insure that they give loans not only to profit making businesses but also to poor people and small traders.

Answer 2

Answer:

$\underline \bold \red{Reserve \: bank \: of \: india}$