Question

How do banks play an important role in the economy of India??

Answer 1

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. 

Answer 2

Banks play an important role in the economy of India because people who deposit money in the bank are given some interest on it because the bank give the money to the person who need loan and at regular interval he has to pay interest which we add to the depositor and the bak