Question

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

Answer 1

Banking plays an important role in our country for it's growth.Many country's still do not have proper banking system so still they are facing more problems.but our country has proper banking system and important bankers.In our country banking has become an interesting activity.banks borrow short term deposit but they lend long term.A bank lenda money to a lot of people and companies.If some are unable to repay their loans,the bank can absorb these losses and savers won't be affected.In these ways banks playa an important role in our country

Answer 2

Explanation:

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