Question

Who supervises the functioning of formal sources of loan?​

Answer 1

Answer:

Interest received on various loans and advances to industries, corporates and individuals is bank's main source of income. 1 Interest on loans: Banks provide various loans and advances to industries, corporates and individuals. The interest received on these loans is their main source of income.

Explanation:

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Answer 2

Answer:

Reserve Bank of India

Reserve Bank of IndiaThe 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.

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