Business Studies, asked by nishant310, 4 hours ago

Discuss the development of Indigenous banking system in India.

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Answered by rajesh1damodaran

Answer:

The following points highlight the developments of indigenous banking system in Indian Subcontinent: a. ... Along with this, the development of banking system also encouraged people to deposit precious metals with the lending authorities such as bankers, Seths, etc. and gradually, money became an instrument of exchange.

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