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Discuss the role of RBI ? |
| Answer» \tRBI issues currency notes on behalf of the central govt.\tRBI supervises the functioning of formal source of loans.\tRBI monitors the banks in actually maintaining cash balance.\tIt also sees that banks give loans not just for profit making and traders but also to small borrowers, small cultivators etc..\tPeriodically banks have to submit information to RBI on how much they are lending, to whom, at what interest rate, etc | |