1.

Hola! Give the meaning and function of RBI bank in India ?

Answer» RBI stands for Reserved Bank of India.

Functions of RBI :-

→It supervises formal sector of credit in India.
→RBI issues CURRENCY on BEHALF of central government.
→The RBI monitors BANKS in ACTUALLY maintaining cash balance.
→The RBI ensures that the banks give loans not only to rich but also to poors.
→All banks have to submit information to RBI on how they are lending,to whom etc


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