Credit Control - Reserve Bank of India, Monetary policy, Commercial bank

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Credit Control is an important tool used by the Reserve Bank of India, a major weapon of the monetary policy used to control the demand and supply of money in the economy. Central Bank administers control over the credit that the commercial banks grant. Such a method is used by RBI to bring Economic Development with Stability . It means that banks will not only control inflationary trends in the economy but also boost economic growth which would ultimately lead to increase in real national income with stability. In view of its functions such as issuing notes and custodian of cash reserves, credit not being controlled by RBI would lead to Social and Economic instability in the country.

Product details

• Assisted by: Christabel Donatienne Ruby (Editor)
• Publisher: Alphascript Publishing
• Languages: English
• Product format: Paperback / Softback
• Released: 13.03.2012
• EAN: 9786139888825
• ISBN: 9786139888825
• No. of pages: 116
• Subject: Guides > Law, job, finance > Money, bank, stock market