Economy, asked by dhivyasutish, 8 months ago

How do Banks play an important role in the economy if India? Explain in short.

Answers

Answered by shashanknishad2

Answer:

Banks play an important role in developing the economy of India: (i) They keep money of the people in its safe custody. ... (iii) They mediate between those who have surplus money and those who are in need of money. (iv) They provide loan to large number of people at low interest rate.

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