banks are playing an important role in devlopment of indian economy
shivashiva35:
banks play an important role in the economy:...loans are required for various economic activities as well as investments,banks mediate between people having surplus cash and those in need of it
i hope you understand
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44
Banks play a very important role in the Indian Economy as they provide Credit at cheaper rates to people. Banks help people to save their money and receive an added advantage by getting an extra amount, That is for saving the money in their bank, the depositor gets a % of it added in his bank account.
Answered by
4
here is your answer mate....
yes banks are important for development of Indian economy because they financially help the people and help them to start business... and other many works they do like deposit money from citizens and protect them...
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