Economy, asked by yadavrohit5473, 1 month ago

explain any threeloan activities of banks in india

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Answered by ishanikapoor217

Answer:

Loan activities of Bank

Banks use the majority portion of the deposits to extend loans. ... Banks charge a higher interest rate on loans other than what they offer on deposits. The difference between the amount that is charged from borrowers and what is paid to depositors is their main source of income for banks

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