Question

how do banks play an important role in the economy of India

Answer 1

they provide loans to people as well as to poors at reasonable interest rate ....
people can open up their bank account and
can save their money in it

Answer 2

Hello...

>> Banks help in reducing poverty by providing employment opportunities to the people.

>> Banks provide cheap and affordable credit to poor people.

>> Banks reduces the chances of cash being lost or stolen.

>> Banks provide credit at cheaper rates to the people.