The Reserve Bank of India (RBI) performs the following functions as the ‘Banker’s Bank and Supervisor’:
Banker’s Bank: The RBI acts as a banker to all scheduled commercial banks. It provides short-term funds, acts as a lender of last resort, and facilitates inter-bank clearing.
Supervisor: The RBI supervises and regulates banks to ensure financial stability. It monitors compliance with banking regulations, manages non-performing assets (NPAs), and ensures that banks maintain required reserves. These functions help in maintaining stability and liquidity in the financial system.
In today’s fast-paced world, fitness apps have become a popular tool for tracking and improving health. There are many youngsters who use these fitness apps blindly. As the country moves towards Fit India, it is time to understand the pros and cons of fitness apps. Write an article for your school magazine educating the youth on the pros and cons of fitness apps. You are Kirti/Kirat, a school fitness coach. You may use the following cues along with your own ideas to compose the article.