answersLogoWhite

0

Reserve Bank of India supervises/oversees the banking operations of all banks in India. They are responsible for the proper functioning of all the banks and they are also the lender to the banks (The place where banks go to borrow money if they are short of funds). They also decide the lending and deposit rates for all banks in the country.

User Avatar

Wiki User

14y ago

Still curious? Ask our experts.

Chat with our AI personalities

BlakeBlake
As your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
ViviVivi
Your ride-or-die bestie who's seen you through every high and low.
Chat with Vivi
JordanJordan
Looking for a career mentor? I've seen my fair share of shake-ups.
Chat with Jordan

Add your answer:

Earn +20 pts
Q: What is the various function of rbi?
Write your answer...
Submit
Still have questions?
magnify glass
imp