Question

why do you think RBI need to supervise the formal sector of credit .

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Answer 1

Answer:

The Reserve Bank of India (RBI) supervises the functioning of the formal sources of loans i.e. the banks and cooperatives in order to ensure that the banks give loans not just to profit-making businesses and traders but also to small scale industries and small borrowers etc.

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Answer 2

Answer:

hiiii dear

The Reserve Bank of India (RBI) supervises the functioning of the formal sources of loans i.e. the banks and cooperatives in order to ensure that the banks give loans not just to profit-making businesses and traders but also to small scale industries and small borrowers etc.

hope this helps you.