1.

In what ways does the reserve Bank of India supervise the functions of Bank ?? Please answer ???

Answer» The RBI aupervises the functioning of formal sources of loans in India. For instance, banks maintain a minimum cash balance out of the deposits the receive.Functions of RBI are:-The RBI monitors that the banks actually maintain this cash balance. Similarly, the RBI ensures that the banks give loans not just to profit-making businesses and traders , but Also to small cultivators, small scale industries, small borrowers etc.Periodically, banks have to submit information to the RBI on how much they are lending, to whom , at what interest rate etc.
Rbi checks the banks that they are giving loans not only to businessman and traders but also to small peasants and farmers they also make a criterion to give loans and maintaining cash balance


Discussion

No Comment Found