Question

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

Answer 1

Banks play a very important role in the Indian Economy as they provide Credit at cheaper rates to people. Banks help people to save their money and receive an added advantage by getting an extra amount, That is for saving the money in their bank, the depositor gets a % of it added in his bank account.

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Answer 2

bank play an important role because if the bank doesn't play an important role all the service of the people because if the bank give money to service people and he also get to save the money so bank play an important role in the india