Question

explain any 3 loan activities of banks in india....?

Answer 1

Three loan activities are -
- banks give loans to those persons who have collateral.
- person who take loans also pay a rate of interest.
- these activities of loans are supervised by RBI.

Answer 2

It helps in depositing people’s money
Gives some interest on the deposits done by people
Gives loan to the people
Charges high interest rates on these credits