Question

explain any three loan activities of banks in India​

Answer 1

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Answer 2

ThreeLoansactivities

1]When the consumer Deposits their money in the bank then the bank keep the half proportion of the money to give loan.

2]Bank takes the identity proof and other documents which assures that the people will submit the money back to the bank. The document which were taken by the bank is generally refer as “Collateral documents”.

3]As per the bank gives loan at very low and cheaper interest.The documentation assures the the rate of interest.And this rate of intrest is provided to the consumer by the bank.