Explain any three activities of Banks In India ?
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(1) Banks keep small proportion of thier deposits to provide loans..
(2) Banks asks for collaterals from people so that it can be assume that the money will be back...
(3) It also looks for documentation. It provides loans at a very low interest rates . The difference between money from loans.(with higher interest rates than given to the depositors.)..
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Answered by
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Heya!
Here is ur answer...
The three activities of Banks of India are :
>> Banks of India provides the loans for various economic activities l..ex:business
>> The banks only keeps the small proportions of the deposits
>> These deposits are used to meet the loan requirements
Hope it helps u..
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