Question

how do banks play an important role in the economy of india? explain.​

Answer 1

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.

Explanation:

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Answer 2

Explanation:

banks are the financial worker for india. economy bank give us money also so we can say that banks economy role is big.