Who supervises the functioning of formal sources of loan?
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Who supervises the functioning of formal sources of loan?
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Answer:
Reserve Bank of India
Reserve Bank of IndiaThe Reserve Bank of India (RBI) supervises the functioning of formal sources of credit in India. Two functions of RBI are as listed below: The RBI monitors the banks if they are actually maintaining required cash balance.
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Explanation:
The Reserve Bank of India supervises the functioning of formal sources of loans. Functions of Reserve Bank of India. 1.