Failure of Reserve Bank of India : 9 Main Causes
The following points highlight the nine main causes for the failure of Reserve Bank of India. Some of the causes are: 1. Absence of co-ordination in the money-market 2. Absence of proper banking facilities 3. There is no uniformity in interest rates 4. Absence of well developed bill market and Others. Cause # 1. Absence of co-ordination in the money-market: [...]