Write few functions of RBI

1.	Write few functions of RBI
Answer» RBI is allowed to issue currency. The Reserve Bank of India issue currency notes on behalf of the central government. Reserve Bank of India is the central bank of India. It keeps a check on the working of the other banks across the country.It supervises the functioning of formal sources of loans.The RBI monitors the banks in actually maintaining the minimum cash balance.RBI sees that the banks give loans not just to profit making businesses and traders but also to small cultivators,small scale industries,to small borroweres etc.Periodically banks have to submit information to RBI on how much they are lending to whom ,at what rate of interest. Issue of Bank Notes: ...Banker to Government: ...Custodian of Cash Reserves of Commercial Banks: ...Custodian of Country\'s Foreign Currency Reserves: ...Lender of Last Resort: ...Central Clearance and Accounts Settlement: ...Controller of Credit:

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