explain any 3 loan activities of banks in india....?
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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.
- 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.
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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
Gives some interest on the deposits done by people
Gives loan to the people
Charges high interest rates on these credits
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