Should there be a supervisor, such as RBI, that looks in to the credit activities of informal lenders? Why? Why would it's task be difficult?

Dear Student,

Yes, there should be a supervisor, such as RBI, which should look into the informal lenders. However, the task of RBI is extremely difficult to keep track of the money lenders who are not registered with the government because they are involved in different activities apart from the lending capital.
Hope this helps you.

  • 1
idk,search ingoogle
  • -1
What are you looking for?