Question

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

Answer 1

Hey Mate..

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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#Nisha

Answer 2

here is you answer mate

bank provides funds for business as well as personal needs of the individuals. they play a significant role in the economy of a nation. ... help raisings the standards of people by providing loans to buy goods,houses and automobiles etc which ensures the flow of money in the market and hence the economy will grow.

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