write any 7 Functions of RBI
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#RBI supervises all the function of formal sources of credit in India.
# It monitors that the Bank should not provide loans only to profit making businesses but also to small cultivators, small scale industries and small borrowers.
#It also ensures that the Bank should maintain a minimum cash balance for their day to day transactions.
#It also asks the Banks for information such as how much they are lending, to whom and at what rate of interest.
#it also monitors that the bank is obtaining proper amount of collateral or not.
#It also issues currency and coins, and exchanges or destroys currency notes and coins unfit for circulation.
# It regulates transactions related to the external sector, enables development of the foreign exchange market (forex), ensures smooth functioning of the domestic forex market, and manages India’s foreign currency assets and gold reserves.
# It monitors that the Bank should not provide loans only to profit making businesses but also to small cultivators, small scale industries and small borrowers.
#It also ensures that the Bank should maintain a minimum cash balance for their day to day transactions.
#It also asks the Banks for information such as how much they are lending, to whom and at what rate of interest.
#it also monitors that the bank is obtaining proper amount of collateral or not.
#It also issues currency and coins, and exchanges or destroys currency notes and coins unfit for circulation.
# It regulates transactions related to the external sector, enables development of the foreign exchange market (forex), ensures smooth functioning of the domestic forex market, and manages India’s foreign currency assets and gold reserves.
pavan2560:
very good answer
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