Should there be a supervisor, such as the Reserve Bank of India, that looks into loan activities of informal lenders - Social Science - Money and Credit

Question

Should there be a supervisor, such as the Reserve Bank of India,
that looks into loan activities of informal lenders? Why would its
task be quite difficult?

Manisha Nayyar · Accepted Answer

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Should there be a supervisor, such as the Reserve Bank of India, that looks into loan activities of informal lenders? Why would its task be quite difficult?