Breifly explain the functiins of RBI?
Dear Student
Functions of RBI:
1. The Reserve Bank of India supervises the functioning of formal sources of loans.
2. The banks maintain minimum cash balance out of the deposits they receive, known as cash reserve ratio.
3. The RBI makes sure that the banks give loans not just to profit making business or traders but also small cultivators and other small borrowers.
4. Banks have to submit information to the RBI on how much and to whom they are lending and at what rate of interest.
Regards
Functions of RBI:
1. The Reserve Bank of India supervises the functioning of formal sources of loans.
2. The banks maintain minimum cash balance out of the deposits they receive, known as cash reserve ratio.
3. The RBI makes sure that the banks give loans not just to profit making business or traders but also small cultivators and other small borrowers.
4. Banks have to submit information to the RBI on how much and to whom they are lending and at what rate of interest.
Regards